PDL Community Bancorp 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 14, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	PDLB
Entity Registrant Name	PDL Community Bancorp
Entity Central Index Key	1,703,489
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		18,463,028

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Cash and due from banks (Note 2):
Cash	$ 4,716	$ 4,796
Interest-bearing deposits in banks	51,629	6,920
Total cash and cash equivalents	56,345	11,716
Available-for-sale securities, at fair value (Note 3)	29,312	52,690
Loans held for sale		2,143
Loans receivable, net of allowance for loan losses - 2017 $11,147; 2016 $10,205 (Note 4)	767,721	642,148
Accrued interest receivable	3,132	2,707
Premises and equipment, net (Note 5)	25,729	26,028
Federal Home Loan Bank Stock (FHLB), at cost	1,448	964
Deferred tax assets (Note 8)	5,563	3,379
Other assets	3,013	3,208
Total assets	892,263	744,983
Liabilities:
Deposits (Note 6)	698,655	643,078
Accrued interest payable	32	28
Advance payments by borrowers for taxes and insurance	5,967	3,882
Advances from the Federal Home Loan Bank (Note 7)	15,000	3,000
Other liabilities	4,101	2,003
Total liabilities	723,755	651,991
Commitments and contingencies (Note 10)
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued
Common stock, $0.01 par value; 50,000,000 shares authorized; 18,463,028 shares issued and outstanding at September 30, 2017	185
Additional paid-in-capital	84,099
Retained earnings	97,719	99,242
Accumulated other comprehensive loss (Note 13)	(6,257)	(6,250)
Unearned compensation - ESOP; 723,751 shares	(7,238)
Total stockholders' equity	168,508	92,992
Total liabilities and stockholders' equity	$ 892,263	$ 744,983

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Loans receivable, allowance for loan losses	$ 11,147	$ 10,205
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized	50,000,000
Common stock, shares, issued	18,463,028
Common stock, shares, outstanding	18,463,028
Unearned compensation, ESOP shares	723,751

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest and dividend income:
Interest on loans receivable	$ 9,893	$ 8,128	$ 28,065	$ 24,330
Interest and dividends on investment securities and FHLB stock	271	243	596	870
Total interest and dividend income	10,164	8,371	28,661	25,200
Interest expense:
Interest on certificates of deposit	1,574	1,386	4,318	4,117
Interest on other deposits	176	104	487	287
Interest on borrowings	66	1	126	7
Total interest expense	1,816	1,491	4,931	4,411
Net interest income	8,348	6,880	23,730	20,789
Provision for loan losses (recovery) (Note 4)	238	116	497	(196)
Net interest income after provision for loan losses (recovery)	8,110	6,764	23,233	20,985
Noninterest income:
Service charges and fees	231	238	684	704
Brokerage commissions	167	133	453	382
Late and prepayment charges	157	111	603	257
Other	213	156	676	506
Total noninterest income	768	638	2,416	1,849
Noninterest expense:
Compensation and benefits	4,220	3,635	12,005	10,986
Occupancy expense	1,412	1,410	4,235	4,181
Data processing expenses	316	490	1,181	1,240
Direct loan expenses	189	214	558	678
Insurance and surety bond premiums	44	97	205	369
Office supplies, telephone and postage	250	279	786	819
FDIC deposit insurance assessment	122	102	246	546
Charitable foundation contributions	6,293		6,293
Other operating expenses	884	654	2,320	1,983
Total noninterest expense	13,730	6,881	27,829	20,802
Income (loss) before income taxes	(4,852)	521	(2,180)	2,032
Provision (benefit) for income taxes (Note 8)	(1,643)	239	(657)	846
Net income (loss)	$ (3,209)	$ 282	$ (1,523)	$ 1,186

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (3,209)	$ 282	$ (1,523)	$ 1,186
Net change in unrealized gains on securities available-for-sale:
Unrealized gains	47	270	73	776
Income tax effect	(17)	(92)	(25)	(264)
Unrealized gains on securities, net	30	178	48	512
Pension benefit liability adjustment:
Net loss during the period	(53)		(84)
Income tax effect	18		29
Pension liability adjustment, net of tax	(35)		(55)
Total other comprehensive income (loss), net of tax	(5)	178	(7)	512
Total comprehensive income (loss)	$ (3,214)	$ 460	$ (1,530)	$ 1,698

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Mutual Holding Company	Initial Public Offering	Ponce De Leon Foundation	Common Stock	Common StockMutual Holding Company	Common StockInitial Public Offering	Common StockPonce De Leon Foundation	Retained Earnings	Accumulated Other Comprehensive Loss	Additional Paid-in Capital	Additional Paid-in CapitalInitial Public Offering	Additional Paid-in CapitalPonce De Leon Foundation	Unearned Compensation ESOP
Balance at Dec. 31, 2014	$ 89,600								$ 95,299	$ (5,699)
Net income (loss)	2,518								2,518
Other comprehensive income (loss), net of tax	(1,056)									(1,056)
Balance at Dec. 31, 2015	91,062								97,817	(6,755)
Net income (loss)	1,186								1,186
Other comprehensive income (loss), net of tax	512									512
Balance at Sep. 30, 2016	92,760								99,003	(6,243)
Balance at Dec. 31, 2016	92,992								99,242	(6,250)
Net income (loss)	(1,523)								(1,523)
Other comprehensive income (loss), net of tax	(7)									(7)
Issuance of common stock		$ 96	$ 78,095	$ 6,093		$ 96	$ 83	$ 6				$ 78,012	$ 6,087
Issuance of common stock, Shares						9,545,387	8,308,361	609,280
Purchase of 723,751 shares by the ESOP	(7,238)													$ (7,238)
Balance at Sep. 30, 2017	$ 168,508				$ 185				$ 97,719	$ (6,257)	$ 84,099			$ (7,238)
Balance, Shares at Sep. 30, 2017					18,463,028

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Number of ESOP shares purchased | shares	723,751
Common stock, par value (in dollars per share)	$ 0.01
ESOP, purchase price of shares purchased	0.01
Mutual Holding Company
Common stock, par value (in dollars per share)	0.01
Ponce De Leon Foundation
Common stock, par value (in dollars per share)	$ 0.01
Initial Public Offering
Issuance of common stock, net of costs | $	$ 4,988
Common stock, par value (in dollars per share)	$ 0.01

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows From Operating Activities:
Net income (loss)	$ (1,523)	$ 1,186
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of premiums on securities, net	48	1
(Gain) loss on sale of loans	108	13
Loss on sale of available-for-sale securities	6
Gain on sale of other real estate owned		(4)
Provision for (recovery from) loan losses	497	(196)
Depreciation and amortization	1,205	1,251
Amortization of core deposit intangible assets		108
Charitable foundation contribution expense	6,093
Deferred income taxes	(2,180)	(85)
Changes in assets and liabilities:
Increase in accrued interest receivable	(425)	(17)
(Decrease) increase in other assets	196	(216)
Increase (decrease) in accrued interest payable	4	(2)
Net increase in other liabilities	2,014	1,300
Net cash provided by operating activities	6,043	3,339
Cash Flows From Investing Activities:
Proceeds from redemption of FHLB Stock	12,632	1,800
Purchases of FHLB Stock	(13,116)	(1,467)
Purchases of available-for-sale securities		(25,914)
Proceeds from sale of available-for-sale securities	20,374
Proceeds from maturities, calls and principal repayments on available-for-sale securities	3,023	45,363
Proceeds from sales of loans	2,967	3,926
Net increase in loans	(127,003)	(49,018)
Proceeds from sale of other real estate owned		80
Purchases of premises and equipment	(906)	(473)
Net cash used in investing activities	(102,029)	(25,703)
Cash Flows From Financing Activities:
Net increase in deposits	57,662	38,108
Proceeds from Issuance of Common Stock	78,191
Funds loaned to the ESOP	(7,238)
Proceeds from FHLB advances	288,000	270,000
Repayments of FHLB advances	(276,000)	(278,000)
Net cash provided by financing activities	140,615	30,108
Net increase in cash and cash equivalents	44,629	7,744
Cash and Cash Equivalents:
Beginning	11,716	12,694
Ending	56,345	20,438
Supplemental Disclosures:
Interest	4,927	4,417
Income taxes	1,474	1,000
Supplemental Disclosures of Noncash Investing Activities:
Transfer of loans to loans held for sale		$ 2,779
Transfer of loans held for sale to loans	$ 2,143

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business and Summary of Significant Accounting Policies	Note 1. Nature of Business and Summary of Significant Accounting Policies Basis of Presentation and Consolidation: The unaudited interim Consolidated Financial Statements of PDL Community Bancorp (the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10Q and do not include all of the information and note disclosures required by the U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results of the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the years ended December 31, 2016 and 2015 and notes thereto included in the Company’s prospectus, filed with the SEC pursuant to Rule 424(b)(3) under the Securities Act of 1933, on August 10, 2017. The unaudited interim Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiary Ponce Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns some of the Bank’s real property, and Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All significant intercompany transactions and balances have been eliminated in consolidation. Reorganization and Stock Offering: On September 29, 2017, Ponce De Leon Federal Bank reorganized into a two-tier mutual holding company structure with a mid-tier stock holding company. The Company sold 8,308,361 shares of common stock at $10.00 per share, including 723,751 shares purchased by the Company’s Employee Stock Ownership Plan (“ESOP”). In addition, the Company issued 9,545,387 shares to Ponce Bank Mutual Holding Company, the Company’s mutual holding company parent (the “MHC”) and 609,280 shares to The Ponce De Leon Foundation (“Foundation”), a charitable foundation that was formed in connection with the stock offering and is dedicated to supporting charitable organizations operating in the Bank’s local community. A total of 18,463,028 shares of common stock were outstanding following the completion of the stock offering. As a result of the reorganization, the reporting entity changed from Ponce De Federal Bank to PDL Community Bancorp. The direct costs of the Company’s stock offering of $4,988 were deferred and deducted from the proceeds of the offering. Nature of Operations: The Bank is a federally chartered savings association headquartered in the Bronx, New York. Ponce De Leon Federal Bank was originally chartered in 1960 as a federally chartered mutual savings and loan association under the name Ponce De Leon Federal Savings and Loan Association. In 1985, the Bank changed its name to “Ponce De Leon Federal Savings Bank.” In 1997, the Bank changed its name again to “Ponce De Leon Federal Bank.” Upon the completion of its reorganization into the MHC, the assets and liabilities of Ponce De Leon Federal Bank were transferred to and assumed by a federally chartered stock savings bank, owned 100% by PDL Community Bancorp and known as and conducting business under the name “Ponce Bank.” The Bank will continue to be subject to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). The Bank’s business is conducted through the administrative office and 13 branch offices. The banking offices are located in the Bronx, Manhattan, Queens and Brooklyn, New York and Union City, New Jersey. The primary market area currently consists of the New York City metropolitan area. The Bank’s business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residences (both investor-owned and owner-occupied), multifamily residences, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which have historically consisted of U.S. Government and federal agency securities and securities issued by government-sponsored or owned enterprises, as well as, mortgage-backed securities and Federal Home Loan Bank stock. The Company offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts. The following is a summary of the Company’s significant accounting policies: Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, as of the date of the consolidated statement of financial condition, and revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of loans held for sale, the valuation of deferred tax assets and investment securities, and the determination of pension benefit obligations. Interim Financial Statements The interim financial statements at September 30, 2017, and for the three months and nine months ended September 30, 2017 and 2016 are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three months and nine months ended September 30, 2017, are not necessarily indicative of the results to be achieved for the remainder of the year ending December 31, 2017, or any other period. Significant Group Concentrations of Credit Risk Most of the Bank’s activities are with customers located within New York City. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio is susceptible to changes in the local market conditions. Note 3 discusses the types of securities in which the Bank invests in. Notes 4 and 10 discuss the types of lending that the Bank engages in, and other concentrations. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and amounts due from banks (including items in process of clearing). For purposes of reporting cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash flows from loans originated by the Company, interest-bearing deposits in financial institutions, and deposits are reported net. Securities Management determines the appropriate classification of securities at the date individual investment securities are acquired, and the appropriateness of such classification is reassessed at each statement of financial condition date. Debt securities that management has the positive intent and ability to hold to maturity, if any, are classified as “held to maturity” and recorded at amortized cost. Trading securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held to maturity or trading are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of taxes. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the consolidated statement of income and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the discounted present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. The sale of a held-to-maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure. Federal Home Loan Bank Stock The Bank is a member of the Federal Home Loan Bank of New York (the “FHLB”). Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at current unpaid principal balances, net of the allowance for loan losses and including net deferred loan origination fees and costs. Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. A loan is moved to nonaccrual status typically after 90 days of non-payment. The accrual of interest on mortgage and commercial loans is generally discontinued at the time the loan becomes 90 days past due unless the loan is well-secured and in process of collection. Consumer loans are typically charged-off no later than 120 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off if collection of principal or interest is considered doubtful. All nonaccrual loans are considered impaired loans. All interest accrued but not received for loans placed on nonaccrual are reversed against interest income. Interest received on such loans is accounted for on the cash basis or recorded against principal balances only, until qualifying for return to accrual. Cash basis interest recognition is only applied on nonaccrual loans with a sufficient collateral margin to ensure no doubt with respect to the collectability of principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and remain current for a period of time (typically six months) and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. 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. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDR”) and classified as impaired. 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 generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls 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. Impaired loans are measured for impairment using the fair value of the collateral, present value of cash flows, or the observable market price of the note. Impairment measurement for all collateral dependent loans, excluding accruing TDR’s is based on the fair value of collateral, less costs to sell, if necessary. A loan is considered collateral dependent if repayment of the loan is expected to be provided solely by the sale or the operation of the underlying collateral. When a loan is modified in a TDR, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if repayment under the modified terms becomes doubtful. The general component covers non‑impaired loans and is based on historical loss experience adjusted for current factors. As of September 30, 2017, the historical loss experience is determined by portfolio segment and is based on the actual loss experienced over a rolling 12 quarter average period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows: Residential and Multifamily Mortgage Loans The majority of loans are secured by first mortgages. Residential and multifamily mortgage loans are typically underwritten with loan-to-value ratios ranging from 65% to 90%. The primary risks involved in residential mortgages are the borrower’s loss of employment, or other significant event, that negatively impacts the source of repayment. Additionally, a serious decline in home values could jeopardize repayment in the event that the underlying collateral needs to be liquidated to pay off the loan. Nonresidential Mortgage Loans Nonresidential mortgage loans are primarily secured by commercial buildings, office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties, including hotels, restaurants and nursing homes. These loans are typically underwritten at no more than 75% loan-to-value ratio. Although terms vary, commercial real estate loans generally have amortization periods of 15 to 30 years, as well as balloon payments of 10 to 15 years, and terms which provide that the interest rate is adjusted on a 5 year schedule. Construction and Land Loans Construction real estate loans consist of vacant land and property that is in the process of improvement. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that government approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Construction real estate loans generally have terms of six months to two years during the construction period with fixed rates or interest rates based on a designated index. Business Loans Business loans are loans for commercial, corporate and business purposes, including issuance of letters of credit. These loans are secured by business assets or may be unsecured. Repayment of these loans is directly dependent on the successful operation of the borrower’s business and the borrower’s ability to convert acquired assets to operating revenue. They possess greater risk than most other types of loans should the repayment capacity of the borrower not be adequate. Business loans generally have terms of five years to seven years or less and interest rates that float in accordance with a designated published index. Substantially all such loans are secured and backed by the personal guarantees of the owners of the businesses. Consumer Loans Consumer loans generally have higher interest rates than mortgage loans. The risk involved in consumer loans is the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans include passbook loans and other secured and unsecured loans that have been made for a variety of consumer purposes. Loans Held for Sale Loan sales occur from time to time as part of strategic business or regulatory compliance initiatives. Loans held for sale, including deferred fees and costs, are reported at the lower of cost or fair value as determined by expected bid prices from potential investors. Loans are sold without recourse and servicing released. When a loan is transferred from portfolio to held-for-sale and the fair value is less than cost, a charge-off is recorded against the allowance for loan losses. Subsequent declines in fair value, if any, are charged against earnings . Transfers of Financial Assets Transfers of financial assets are accounted for as sales when all of the components meet the definition of a participating interest and when control over the assets has been surrendered. A participating interest generally represents (1) a proportionate (pro rata) ownership interest in an entire financial asset, (2) a relationship where from the date of transfer all cash flows received from the entire financial asset are divided proportionately among the participating interest holders in an amount equal to their share of ownership, (3) the priority of cash flows has certain characteristics, including no reduction in priority, subordination of interest, or recourse to the transferor other than standard representation or warranties, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through either (a) an agreement to repurchase them before their maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a clean-up call. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Building 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation. Impairment of Long-Lived Assets Long-lived assets, including premises and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment is indicated by that review, the asset is written down to its estimated fair value through a charge to noninterest expense. Other Real Estate Owned Other Real Estate Owned (“OREO”) represents properties acquired through, or in lieu of, loan foreclosure or other proceedings. OREO is initially recorded at fair value, less estimated disposal costs, at the date of foreclosure, which establishes a new cost basis. After foreclosure, the properties are held for sale and are carried at the lower of cost or fair value, less estimated costs of disposal. Any write-down to fair value, at the time of transfer to OREO, is charged to the allowance for loan losses. Properties are evaluated regularly to ensure that the recorded amounts are supported by current fair values and charges against earnings are recorded as necessary to reduce the carrying amount to fair value, less estimated costs to dispose. Costs relating to the development and improvement of the property are capitalized, subject to the limit of fair value of the OREO, while costs relating to holding the property are expensed. Gains or losses are included in operations upon disposal. Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of September 30, 2017 and December 31, 2016, there are no liabilities recorded related to uncertain tax positions. Income tax returns filed for years before 2013 are no longer subject to income tax examinations by U.S. federal, state or local tax authorities. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income (loss). Related Party Transactions Directors and officers of the Company and their affiliates have been customers of and have had transactions with the Company, and it is expected that such persons will continue to have such transactions in the future. Management believes that all deposit accounts, loans, services and commitments comprising such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers who are not directors or officers. In the opinion of management, the transactions with related parties did not involve more than normal risk of collectability, nor favored treatment or terms, nor present other unfavorable features. Note 14 contains details regarding related party transactions. Compensation and Benefit Plans Defined Benefit Plan: The noncontributory defined benefit pension plan was effectively frozen on May 31, 2007. The funding policy is to contribute annually the amounts sufficient to meet the minimum funding standards established by the Employee Retirement Income Security Act (“ERISA”) and such additional amounts as determined by management based on actuary recommendations. Employee Stock Ownership Plan: Compensation expense is recorded as shares are committed to be released with a corresponding credit to unearned ESOP shares at the average fair market value of the shares during the year. Compensation expense is recognized ratably over the service period based upon the management’s estimate of the number of shares expected to be allocated by the ESOP. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to additional paid-in-capital. Comprehensive Income (Loss) Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale, unrecognized gains and losses on actuarial experience and prior service cost of the defined benefit plan, which are also recognized as separate components of equity. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the operations and financial position of the Company. Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date . Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Earnings Per Share (“EPS”) Basic EPS represents net income attributable to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding, plus the effect of potential dilutive common stock equivalents outstanding during the period. The conversion and reorganization from a mutual to a stock entity became effective as of September 29, 2017, one day prior to the end of the 3rd Quarter of 2017. The EPS for one day is de minimis, hence no EPS is reported for the nine months period ended September 30, 2017. Recent Accounting Pronouncements As an emerging growth company (“EGC”) as defined in Rule 12b-2 of the Exchange Act, the Company has elected to use the extended transition period to delay the adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to nonpublic companies. As of September 30, 2017, there is no significant difference in the comparability of the financial statements as a result of this extended transition period. In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, “ Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. To date, the Company has identified its leased office spaces as within the scope of the guidance. The Company continues to evaluate the impact of the guidance, including determining whether other contracts exist that are deemed to be in scope. As such, no conclusions have yet been reached regarding the potential impact of adoption on the Company’s consolidated financial statements. Further, to date, no guidance has been issued by either the Company’s or the Company’s primary regulator with respect to how the impact of the amended standard is to be treated for regulatory capital purposes. In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718) In June 2016, the FASB issued ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments Although early adoption is permitted, the Company does not expect to elect that option. The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. As a result of the required change in approach toward determining estimated credit losses from the current “incurred loss” model to one based on estimated cash flows over a loan’s contractual life, adjusted for prepayments (a “life of loan” model), the Company expects that the new guidance will result in an increase in the allowance for loan losses, particularly for longer duration loan portfolios. The Company also expects that the new guidance may result in an allowance for debt securities. In both cases, the extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. Further, to date, no guidance has been issued by the Company’s primary regulator with respect to how the impact of the amended standard is to be treated for regulatory purposes. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606)” As the Company is taking advantage of extended tran

Restrictions on Cash and Due Fr

Restrictions on Cash and Due From Banks	9 Months Ended
	Sep. 30, 2017
Cash And Cash Equivalents [Abstract]
Restrictions on Cash and Due From Banks	Note 2. Restrictions on Cash and Due From Banks The Bank is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based on a percentage of deposits. The Bank had $4,225 in cash to cover its minimum reserve requirement of $3,227 at September 30, 2017, and $4,516 in cash to cover its minimum reserve requirements of $2,349 at December 31, 2016, respectively.

Available-for-Sale Securities

Available-for-Sale Securities	9 Months Ended
	Sep. 30, 2017
Investments Debt And Equity Securities [Abstract]
Available-for-Sale Securities	Note 3. Available-for-Sale Securities The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, 2017 (Unaudited) Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 24,910 $ — $ (215 ) $ 24,695 Certificates of Deposit — — — — Mortgage-Backed Securities: FHLMC Certificates — — — — FNMA Certificates 1,195 — (1 ) 1,194 GNMA Certificates 3,386 44 (7 ) 3,423 $ 29,491 $ 44 $ (223 ) $ 29,312 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 41,906 $ — $ (347 ) $ 41,559 Certificates of Deposit 500 — — 500 Mortgage-Backed Securities: FHLMC Certificates 192 24 — 216 FNMA Certificates 3,600 11 (5 ) 3,606 GNMA Certificates 6,744 97 (32 ) 6,809 $ 52,942 $ 132 $ (384 ) $ 52,690 There were no investments classified as held to maturity as of September 30, 2017 and December 31, 2016. There were no sales in the three months ended September 30, 2017. There were $20,411 in sales of investment securities in the nine months ended September 30, 2017 and no sales of investments for the year ended December 31, 2016. The following tables present the Company's securities' gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at September 30, 2017 and at December 31, 2016: September 30, 2017 (Unaudited) Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss U.S. Government and Federal Agencies $ 11,971 $ (74 ) $ 12,724 $ (141 ) $ 24,695 $ (215 ) Mortgage-Backed FHLMC Certificates — — — — — — FNMA Certificates 1,181 (2 ) — — 1,181 (2 ) GNMA Certificates — — 1,260 (7 ) 1,260 (7 ) $ 13,152 $ (76 ) $ 13,984 $ (148 ) $ 27,136 $ (224 ) December 31, 2016 Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss U.S. Government and Federal Agencies $ 41,559 $ (347 ) $ — $ — $ 41,559 $ (347 ) Mortgage-Backed FHLMC Certificates — — — — — — FNMA Certificates 3,489 (5 ) — — 3,489 (5 ) GNMA Certificates 2,645 (32 ) — — 2,645 (32 ) $ 47,693 $ (384 ) $ — $ — $ 47,693 $ (384 ) The Company’s investment portfolio had 33 investment securities at September 30, 2017 and 52 investment securities at December 31, 2016. Management believes that the unrealized losses on 14 of its investment securities at September 30, 2017, and 25 of its investment securities at December 31, 2016 are not other than temporary because the unrealized losses in those securities relate to market interest rate changes and the Company has the ability to hold, and does not have the intent to sell, these securities and it is not more likely than not that the Company will be required to sell these securities, before recovery of the cost basis. In addition, management also considers the issuers of the securities to be financially sound and believes the Company will receive all contractual principal and interest payments related to these investments. The following is a summary of maturities of securities at September 30, 2017 and December 31, 2016. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, these securities are not included within the maturity summary. September 30, 2017 Available-for-Sale (Unaudited) Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 24,910 24,695 24,910 24,695 Certificates of Deposit Three months or less — — Mortgage-Backed Securities 4,581 4,617 Total $ 29,491 $ 29,312 December 31, 2016 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: After three months through one year $ 2,000 $ 1,998 After one year through five years 39,906 39,561 After ten years — — 41,906 41,559 Certificates of Deposit After three months through one year 500 500 Mortgage-Backed Securities 10,536 10,631 Total $ 52,942 $ 52,690 There were no securities pledged at September 30, 2017 and December 31, 2016.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 4. Loans Receivable and Allowance for Loan Losses Loans at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Mortgage loans: 1-4 family residences Investor-Owned $ 279,275 $ 227,409 Owner-Occupied 99,661 97,631 Multifamily residences 177,181 158,200 Nonresidential properties 152,692 121,500 Construction and land 52,483 30,340 Nonmortgage loans: Business loans 15,600 15,719 Consumer loans 943 843 777,835 651,642 Net deferred loan origination costs 1,033 711 Allowance for losses on loans (11,147 ) (10,205 ) Loans, net $ 767,721 $ 642,148 Lending activities are conducted principally in New York City, primarily granting loans secured by real estate to individuals and businesses. There are established credit policies applicable to each type of lending activity. The creditworthiness of each customer is evaluated and, in most cases, credit is extended up to 75% of the market value of the collateral at the date of the credit extension, depending on the borrowers' creditworthiness and the type of collateral. The market value of collateral is monitored on an ongoing basis and additional collateral is obtained when warranted. Real estate is the primary form of collateral. Other important forms of collateral are time deposits and marketable securities. Although collateral provides assurance as a tertiary source of repayment, loan terms ordinarily require the primary source of repayment to be based on the borrowers' ability to generate continuing cash flows and the secondary form repayment to be guarantors’ guarantees. For disclosures related to the allowance for loan losses and credit quality, the Company does not have any disaggregated classes of loans below the segment level. Credit-Quality Indicators The objectives of the risk-rating system are to provide the board of directors and senior management with an objective assessment of the overall quality of the loan portfolio, to promptly and accurately identify loans with well-defined credit weaknesses so that timely action can be taken to minimize credit loss, to identify relevant trends affecting the collectability of the loan portfolio, to isolate potential problem areas and to provide essential information for determining the adequacy of the allowance for loan losses. Below are the definitions of the internally assigned risk ratings: • Strong Pass – Loans to new or existing borrowers collateralized at least 90 percent by an unimpaired deposit account at the Company. • Good Pass – A loan to a new or existing borrower in a well-established enterprise in excellent financial condition with strong liquidity and a history of consistently high level of earnings, cash flow and debt service capacity. • Satisfactory Pass – Loan to a new or existing borrower of average strength with acceptable financial condition, satisfactory record of earnings and sufficient historical and projected cash flow to service the debt. • Performance Pass –Existing loans that evidence strong payment history but document less than average strength, financial condition, record of earnings, or projected cash flows with which to service debt. • Special Mention – Loans in this category are currently protected but show one or more potential weakness and risks which may inadequately protect collectability or borrower’s ability to meet repayment terms at some future date if the weakness is not checked or corrected. • Substandard – Loans that are inadequately protected by the repayment capacity of the borrower or the current sound net worth of the collateral pledged, if any. Loans in this category have well defined weaknesses and risks that jeopardize the repayment. They are characterized by the distinct possibility that some loss will be sustained if the deficiencies are not corrected. • Doubtful – Loans that have all the weaknesses of loans classified as “Substandard” with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. • Loss – Loans that are considered uncollectable and of such little value that their continuance as bankable assets is not warranted. Loans within the top four categories above are considered pass rated, as commonly defined. Risk ratings are assigned as necessary to differentiate risk within the portfolio. Risk ratings are reviewed on an ongoing basis and revised to reflect changes in the borrowers’ financial condition and outlook, debt service coverage capability, repayment performance, collateral value and coverage as well as other considerations. The following tables present credit risk ratings by loan segment as of September 30, 2017 and December 31, 2016: September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 362,900 $ 176,644 $ 150,479 $ 45,210 $ 14,178 $ 943 $ 750,354 Special mention 3,833 537 207 597 1,409 — 6,583 Substandard 12,203 — 2,006 6,676 13 — 20,898 Doubtful — — — — — — — Total $ 378,936 $ 177,181 $ 152,692 $ 52,483 $ 15,600 $ 943 $ 777,835 December 31, 2016 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 313,345 $ 158,200 $ 117,467 $ 24,316 $ 15,697 $ 843 $ 629,868 Special mention 2,549 — — — — 2,549 Substandard 9,146 — 4,033 6,024 22 — 19,225 Doubtful — — — — — — — Total $ 325,040 $ 158,200 $ 121,500 $ 30,340 $ 15,719 $ 843 $ 651,642 An aging analysis of loans, as of September 30, 2017 and December 31, 2016, is as follows: September 30, 2017 (Unaudited) 30-59 60-89 Over Over Days Days 90 Days Nonaccrual 90 Days Current Past Due Past Due Past Due Total Loans Accruing Mortgages: 1-4 Family Investor-Owned $ 278,445 $ — $ 505 $ 325 $ 279,275 $ 1,569 $ — Owner-Occupied 96,325 — 354 2,982 99,661 5,327 — Multifamily 176,598 — 583 — 177,181 — — Nonresidential properties 151,551 — — 1,141 152,692 1,437 — Construction and land 52,483 — — — 52,483 1,075 — Nonmortgage Loans: Business 15,573 14 — 13 15,600 13 — Consumer 941 2 — — 943 — — Total $ 771,916 $ 16 $ 1,442 $ 4,461 $ 777,835 $ 9,421 $ — December 31, 2016 30-59 60-89 Over Over Days Days 90 Days Nonaccrual 90 Days Current Past Due Past Due Past Due Total Loans Accruing Mortgages: 1-4 Family Investor-Owned $ 224,368 $ 2,716 $ — $ 325 $ 227,409 $ 2,048 $ — Owner-Occupied 92,778 2,562 557 1,734 97,631 2,110 — Multifamily 157,381 819 — — 158,200 — — Nonresidential properties 119,465 41 — 1,994 121,500 2,397 — Construction and land 30,340 — — — 30,340 1,145 — Nonmortgage Loans: Business 15,672 25 — 22 15,719 22 — Consumer 843 — — — 843 — — Total $ 640,847 $ 6,163 $ 557 $ 4,075 $ 651,642 $ 7,722 $ — The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of September 30, 2017, 2016 and December 31, 2016: For the Nine Months Ended September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Provision charged to expense 462 (367 ) 325 209 381 (713 ) (10 ) 210 497 Losses charged-off — — — — — (34 ) (5 ) — (39 ) Recoveries 171 3 2 6 — 296 6 — 484 Balance, end of period $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 Ending balance: individually evaluated for impairment $ 509 $ 388 $ — $ 40 $ — $ — $ — $ — $ 937 Ending balance: collectively evaluated for impairment 3,271 1,052 3,032 1,495 996 146 8 — 10,000 Unallocated — — — — — — — 210 210 Total $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 Loans: Ending balance: individually evaluated for impairment $ 8,163 $ 10,112 $ — $ 3,406 $ 1,075 $ 513 $ — $ — $ 23,269 Ending balance: collectively evaluated for impairment 271,112 89,549 177,181 149,286 51,408 15,087 943 — 754,566 Total $ 279,275 $ 99,661 $ 177,181 $ 152,692 $ 52,483 $ 15,600 $ 943 $ — $ 777,835 For the Three Months Ended September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,536 $ 1,483 $ 2,988 $ 1,739 $ 753 $ 148 $ 8 $ — $ 10,655 Provision charged to expense 82 (46 ) 44 (205 ) 243 (94 ) 4 210 238 Losses charged-off — — — — — — (6 ) — (6 ) Recoveries 162 3 — 1 — 92 2 — 260 Balance, end of period $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 For the Nine Months Ended September 30, 2016 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 2,842 $ 2,127 $ 1,994 $ 1,298 $ 502 $ 709 $ 12 $ — $ 9,484 Provision charged to expense 216 (251 ) 519 (76 ) 125 (743 ) 14 — (196 ) Losses charged-off (16 ) — (3 ) (1 ) (85 ) — (13 ) — (118 ) Recoveries 15 137 1 7 5 622 7 — 794 Balance, end of period $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 Ending balance: individually evaluated for impairment $ 386 $ 746 $ — $ 265 $ — $ — $ — $ — $ 1,397 Ending balance: collectively evaluated for impairment 2,671 1,267 2,511 963 547 588 20 — 8,567 Unallocated — — — — — — — — — Total $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 Loans: Ending balance: individually evaluated for impairment $ 9,015 $ 10,003 $ — $ 6,503 $ 1,040 $ 648 $ — $ — $ 27,209 Ending balance: collectively evaluated for impairment 205,905 94,149 150,160 104,308 25,514 15,232 883 — 596,151 Total $ 214,920 $ 104,152 $ 150,160 $ 110,811 $ 26,554 $ 15,880 $ 883 $ — $ 623,360 For the Three Months Ended September 30, 2016 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,075 $ 2,015 $ 2,368 $ 1,210 $ 486 $ 585 $ 18 $ — $ 9,757 Provision charged to expense (25 ) (2 ) 143 16 61 (89 ) 12 — 116 Losses charged-off — — — — — — (13 ) — (13 ) Recoveries 7 — — 2 — 92 3 — 104 Balance, end of period $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 For the Year Ended December 31, 2016 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of year $ 2,842 $ 2,127 $ 1,994 $ 1,298 $ 502 $ 709 $ 12 $ — $ 9,484 Provision charged to expense 183 (323 ) 713 13 193 (845 ) 9 — (57 ) Losses charged-off (38 ) — (3 ) — (85 ) — (13 ) — (139 ) Recoveries 160 — 1 9 5 733 9 — 917 Balance, end of year $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Ending balance: individually evaluated for impairment $ 383 $ 719 $ — $ 261 $ — $ 10 $ — $ — $ 1,373 Ending balance: collectively evaluated for impairment 2,764 1,085 2,705 1,059 615 587 17 — 8,832 Unallocated — — — — — — — — — Total $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Loans: Ending balance: individually evaluated for impairment $ 8,471 $ 9,385 $ — $ 6,459 $ 1,145 $ 615 $ — $ — $ 26,075 Ending balance: collectively evaluated for impairment 218,938 88,246 158,200 115,041 29,195 15,104 843 — 625,567 Total $ 227,409 $ 97,631 $ 158,200 $ 121,500 $ 30,340 $ 15,719 $ 843 $ — $ 651,642 Loans are considered impaired when current information and events indicate all amounts due may not be collectable according to the contractual terms of the related loan agreements. Impaired loans, including TDR’s, are identified by applying normal loan review procedures in accordance with the Allowance for Loan Loss methodology. Management periodically assesses loans to determine whether impairment exists. Any loan that is, or will potentially be, no longer performing in accordance with the terms of the original loan contract is evaluated to determine impairment. The following information relates to impaired loans as of and for the nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized September 30, 2017 Balance Allowance Allowance Investment Allowance Investment on Cash Basis (Unaudited) Mortgages: 1-4 Family $ 19,582 $ 9,527 $ 8,748 $ 18,275 $ 897 $ 18,099 $ 696 Multifamily — — — — — — — Nonresidential properties 4,028 2,907 499 3,406 40 5,690 130 Construction and land 1,211 1,075 — 1,075 — 1,082 — Nonmortgage Loans: Business 555 513 — 513 — 573 18 Consumer — — — — — — — Total $ 25,376 $ 14,022 $ 9,247 $ 23,269 $ 937 $ 25,444 $ 844 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized December 31, 2016 Balance Allowance Allowance Investment Allowance Investment on Cash Basis Mortgages: 1-4 Family $ 19,367 $ 7,507 $ 10,349 $ 17,856 $ 1,102 $ 20,131 $ 722 Multifamily — — — — — 309 — Nonresidential properties 7,096 3,897 2,562 6,459 261 6,541 235 Construction and land 1,241 1,145 — 1,145 — 912 — Nonmortgage Loans: Business 672 605 10 615 10 748 24 Consumer — — — — — — — Total $ 28,376 $ 13,154 $ 12,921 $ 26,075 $ 1,373 $ 28,641 $ 981 The loan portfolio also includes certain loans that have been modified in a TDR. Under applicable standards, TDRs occur when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider, unless it results in a delay in payment that is insignificant. These concessions could include a reduction of interest rate on the loan, payment and maturity extensions, forbearance, or other actions intended to maximize collections. When a loan is modified in a TDR, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if repayment under the modified terms becomes doubtful. If management determines that the value of the modified loan in a TDR is less than the recorded investment in the loan, impairment is recognized through a specific allowance estimate or charge-off to the allowance for loan losses. As of and for the nine months ended September 30, 2017, there was one loan that was restructured as a TDR. As of and for the year ended December 31, 2016, there were no loans restructured as TDRs. For the nine months ended September 30, 2017 and year ended December 31, 2016, there were no outstanding TDR loans that had a payment default within 12 months following its modification. Loans Restructured During All TDRs with a payment default within 12 months following the Nine Months Ended September 30, 2017 (Unaudited) modification (Unaudited) Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family 1 $ 176 $ 176 — $ — Multifamily — — — — — Nonresidential — — — — — Construction and land — — — — — Nonmortgage Loans: Commercial — — — — — Consumer — — — — — Total 1 $ 176 $ 176 — $ — Extended maturity — — — — — Interest rate adjustment — — — — — Combination of rate, maturity, other 1 176 176 — — Total 1 $ 176 $ 176 — $ — Loans Restructured During All TDRs with a payment default within 12 months following the Year Ended December 31, 2016 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family — $ — $ — — $ — Multifamily — — — — — Nonresidential — — — — — Construction and land — — — — — Nonmortgage Loans: Commercial — — — — — Consumer — — — — — Total — $ — $ — — $ — Extended maturity — — — — — Interest rate adjustment — — — — — Combination of rate, maturity, other — — — — — Total — $ — $ — — $ — At September 30, 2017, there were 49 troubled debt restructured loans, included in impaired loans, of $18,344. At December 31, 2016, there were 58 troubled debt restructured loans, included in impaired loans, of $21,021. There were no commitments to lend additional funds to borrowers whose loans have been modified in a troubled debt restructuring. The financial impact from the concessions made represents specific impairment reserves on these loans which aggregated $937 and $1,373 at September 30, 2017 and December 31, 2016, respectively.

Premises and Equipment

Premises and Equipment	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 5. Premises and Equipment A summary of premises and equipment at September 30, 2017 and December 31, 2016 is as follows: September 30, December 31, 2017 2016 (Unaudited) Land $ 3,979 $ 3,979 Buildings and improvements 15,972 15,972 Leasehold improvements 19,535 19,280 Furniture, fixtures and equipment 4,450 3,799 43,936 43,030 Less accumulated depreciation and amortization (18,207 ) (17,002 ) $ 25,729 $ 26,028 Depreciation and amortization expense amounted to $402 and $411 for the three months ended September 30, 2017 and 2016, respectively, and $1,205 and $1,251 for the nine months ended September 30, 2017 and 2016, respectively, and are included in occupancy expense.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2017
Banking And Thrift [Abstract]
Deposits	Note 6. Deposits Deposits at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Demand $ 93,020 $ 78,792 Interest-bearing deposits: NOW/IOLA accounts 26,969 25,692 Money market accounts 50,530 42,788 Savings accounts 127,521 127,085 Total savings, NOW and money market 205,020 195,565 Certificates of deposit of $250K or more 119,598 90,267 All other certificates of deposit 281,017 278,454 Total certificates of deposit 400,615 368,721 Total interest-bearing deposits 605,635 564,286 Total deposits $ 698,655 $ 643,078 At September 30, 2017 and December 31, 2016, scheduled maturities of certificates of deposit were as follows: September 30, 2018 $ 155,114 2019 86,277 2020 44,690 2021 69,017 2022 45,517 $ 400,615 December 31, 2017 $ 168,940 2018 69,973 2019 40,690 2020 35,327 2021 53,791 $ 368,721 Overdrawn deposit accounts that have been reclassified to loans amounted to $137 and $149 as of September 30, 2017 and December 31, 2016, respectively.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Borrowings	Note 7. Borrowings FHLB Advances The Bank had $15,000 and $3,000 of outstanding advances from the FHLB on term basis and an overnight line of credit basis at September 30, 2017 and December 31, 2016, respectively. The Bank also had a guarantee from the FHLB through a standby letter of credit of $7,887 and $3,583 at September 30, 2017 and December 31, 2016, respectively. Additionally, the Bank had an unsecured fed funds line in the amount of $22,000 with a correspondent bank at September 30, 2017. Borrowed funds at September 30, 2017 and December 31, 2016 consist of FHLB advances and are summarized by maturity and call date below: September 30, December 31, 2017 (Unaudited) 2016 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate Overnight line of credit advance $ — $ — — % $ 3,000 $ 3,000 0.78 % Term advances ending December 31: — — 2021 3,000 3,000 1.84 — — — 2022 5,000 5,000 1.97 — — — 2023 7,000 7,000 2.12 — — — $ 15,000 $ 15,000 2.01 % $ 3,000 $ 3,000 — % Interest expense on FHLB advances totaled $66 and $1 for the three months ended September 30, 2017 and 2016, respectively. Interest expense on FHLB advances totaled $126 and $7 for the nine months ended September 30, 2017 and 2016, respectively. As of September 30, 2017 and December 31, 2016, the Bank has eligible collateral of approximately $190,546 and $164,843 in mortgage loans available to secure advances from the FHLB. Securities Sold under Agreement to Repurchase

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes The provision (benefit) for income taxes for the three months and nine months ended September 30, 2017 and 2016 consists of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Federal: Current $ 452 $ 217 $ 1,333 $ (266 ) Deferred (1,847 ) 181 (1,715 ) 1,378 (1,395 ) 398 (382 ) 1,112 State and local: Current 54 78 156 (182 ) Deferred (881 ) (697 ) (1,261 ) (991 ) (827 ) (619 ) (1,105 ) (1,173 ) Changes in valuation allowance 579 460 830 907 Provision (benefit) for income taxes $ (1,643 ) $ 239 $ (657 ) $ 846 For the three and nine months ended September 30, 2017, there was a benefit of $1,643 and $657, respectively, due to the $2,479 tax benefit for the Foundation expense. Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate of 34% for the three months and nine months ended September 30, 2017 and 2016 to income before income taxes as a result of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Income tax, at federal rate $ (1,650 ) $ 177 $ (741 ) $ 691 State and local tax, net of federal taxes (99 ) (398 ) (273 ) (752 ) Valuation allowance, net of the federal benefit 106 460 357 907 Other — — — — $ (1,643 ) $ 239 $ (657 ) $ 846 Management maintains a valuation allowance against its net New York State and New York City deferred tax assets as it is more likely than not that these deferred tax assets will impact the tax liability in future years.The change in the valuation allowance amounted to $579 and $460 during the three months ended September 30, 2017 and 2016, respectively, and $830 and $907 during the nine months ended September 30, 2017 and 2016, respectively. Management has determined that it is not required to establish a valuation allowance against any other deferred tax assets since it is more likely than not that the deferred tax assets will be fully utilized in future periods. In assessing the need for a valuation allowance, management considers the scheduled reversal of the deferred tax liabilities, the level of historical taxable income, and the projected future taxable income over the periods that the temporary differences comprising the deferred tax assets will be deductible. At September 30, 2017 and December 31, 2016, there are no unrecognized tax benefits recorded. It is not expected the total amount of unrecognized tax benefits will significantly increase in the next twelve months. Interest and penalties are recognized on unrecognized tax benefits as a component of income tax expense. The Company is subject to U.S. federal income tax, New York State income tax, New Jersey income tax, and New York City income tax. The Company is no longer subject to examination by taxing authorities for years before 2013. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at September 30, 2017 and December 31, 2016 are presented below: At September 30, At December 31, 2017 2016 (Unaudited) Deferred tax assets: Allowance for losses on loans $ 4,709 $ 4,352 Accrued expenses — — Interest on nonaccrual loans 363 525 Unrealized loss on available-for-sale securities 61 86 Amortization of intangible assets 201 219 Deferred rent payable 233 212 Net operating losses 1,631 1,340 Charitable contribution carryforward 2,479 — Other 10 20 Total gross deferred tax assets 9,687 6,754 Deferred tax liabilities: Cumulative contribution in excess of net periodic benefit costs, net 1,146 1,179 Depreciation and amortization of premises and equipment 240 426 Deferred loan fees 441 303 Other 17 17 Total gross deferred tax liabilities 1,844 1,925 Valuation allowance 2,280 1,450 Net deferred tax assets $ 5,563 $ 3,379

Compensation and Benefit Plans

Compensation and Benefit Plans	9 Months Ended
	Sep. 30, 2017
Compensation And Retirement Disclosure [Abstract]
Compensation and Benefit Plans	Note 9. Compensation and Benefit Plans Defined Benefit Plan Effective January 1, 2007, the noncontributory defined benefit pension plan (the “Old Pension Plan”) was replaced with a qualified defined contribution plan (the “401(k) Plan”) as noted in more detail below. The Old Pension Plan covered substantially all employees. Employees were eligible to participate after one year of service. Normal retirement age was 65, with an early retirement provided for at age 55. The Old Pension Plan was effectively frozen on May 31, 2007 (the curtailment date) and this resulted in an actuarial reassessment of the Old Pension Plan’s future estimated obligations. All participants that are presently vested with the Old Pension Plan will remain in the Old Pension Plan and will receive the full accrued benefit, as defined, upon retirement, in accordance with the plan document. In May of 2015, the Old Pension Plan was amended to provide an early retirement window from February 19, 2015 to July 1, 2015, for individuals who met certain criteria with regards to age and years of service. Participants who met the criteria were essentially able to receive their expected retirement benefits three years earlier if they chose to exercise the early retirement option. The amendment also gave participants the option of receiving their vested pension benefits via a lump sum payment upon retirement. The following table sets forth the Old Pension Plan’s funded status and amounts recognized in the consolidated statements of financial condition as of September 30, 2017 and December 31, 2016 using a measurement date as of September 30, 2017 and December 31, 2016, respectively: September 30, December 31, 2017 2016 (Unaudited) Projected benefit obligation $ (14,032 ) $ (14,142 ) Fair value of plan assets 14,814 15,038 Funded status $ 782 $ 896 Accumulated benefit obligation $ (14,032 ) $ (14,142 ) September 30, 2017 December 31, 2017 (Unaudited) Changes in benefit obligation: Beginning of period $ 14,142 $ 14,903 Service cost 40 39 Interest cost 581 615 (Gain)/ Loss 45 (523 ) Administrative cost (40 ) (39 ) Benefits paid (736 ) (853 ) End of period $ 14,032 $ 14,142 Amounts recognized in accumulated other comprehensive loss, which will be amortized into net periodic benefit cost over the coming years, consisted of the following components at September 30, 2017 and September 30, 2016: September 30, 2017 2016 (Unaudited) Net loss $ (9,302 ) $ (9,332 ) The components of net periodic benefit cost are as follows for the nine months ended September 30, 2017 and 2016: For the Nine Months Ended September 30, 2017 2016 (Unaudited) Service cost $ 40 $ 29 Interest cost 581 461 Expected return on plan assets (840 ) (636 ) Amortization of prior service cost 25 19 Amortization of (gain)/loss 234 186 Net periodic benefit cost $ 40 $ 59 Weighted-average assumptions used to determine the net benefit obligations consisted of the following as of September 30, 2017 and December 31, 2016: September 30, December 31, 2017 2016 (Unaudited) Discount rate 4.25% 4.25% Rate of compensation increase 0.00% 0.00% Weighted-average assumptions used to determine the net benefit cost consisted of the following for the nine months ended September 30, 2017 and for the year ended December 31, 2016: September 30, December 31, 2017 2016 (Unaudited) Discount rate 4.25% 4.25% Rate of compensation increase 0.00% 0.00% Expected long-term rate of return on assets 6.00% 6.00% The expected rate of return on plan assets is estimated based on the plan’s historical performance of return on assets. The investment policy for plan assets is to manage the portfolio to preserve principal and liquidity while maximizing the return on the plan’s investment portfolio through the full investment of available funds. Plan assets are currently maintained in a guaranteed deposit account with Prudential Retirement Insurance and Annuity Company, earning interest at rates that are determined at the beginning of each year. Pension assets consist solely of funds on deposit in a guaranteed deposit account. The fair value of the pension plan assets at September 30, 2017 and December 31, 2016 was $14,814 and $15,296, respectively. The guaranteed deposit account is valued at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the creditworthiness of the issuer. Such fair value measurement is considered a Level 3 measurement. Employer contributions and benefit payments for the nine months ended September 30, 2017 and for the year ended December 31, 2016 are as follows: September 30, December 31, 2017 2016 (Unaudited) Employer contribution $ — $ 870 Benefits paid $ 736 $ 853 Employee benefit payments expected to be paid in the future are as follows: As of Sept 30, 2017 $ 118 2018 841 2019 840 2020 818 2021 798 Thereafter 3,841 $ 7,256 Year ending December 31 2017 $ 854 2018 841 2019 840 2020 818 2021 798 Thereafter 3,841 $ 7,992 401(k) Plan On January 1, 2007, a qualified defined contribution retirement plan under Section 401(k) of the Internal Revenue Code was adopted. The 401(k) Plan also qualifies under the Internal Revenue Service safe harbor provisions, as defined. Employees are eligible to participate in the 401(k) Plan after completing one year of service. The 401(k) Plan provides for elective employee/participant deferrals of income. Discretionary matching, profit-sharing, and safe harbor contributions, not to exceed 4% of employee compensation and profit-sharing contributions may be provided. No such contributions were made for the nine months ended September 30, 2017. Contributions were approximately $339 for the year ended December 31, 2016. Employee Stock Ownership Plan: In connection with the reorganization, the Bank established an Employee Stock Ownership Plan (ESOP) for the exclusive benefit of eligible employees. The ESOP borrowed $7,238 from the Company sufficient to purchase 723,751 shares (approximately 3.92% of the common stock sold in the stock offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Bank and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal. The loan is expected to be repaid over a period of 15 years. Shares purchased with the loan proceeds are held by the trustee in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants, subject to applicable regulations. Contributions to the ESOP are to be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, compensation expense equal to the average market price of the shares for the respective period are recognized, and the shares become outstanding for earnings per share computations. Shares Amount Balance, beginning of year — $ — New shares purchased 723,751 7,238 Shares released to participants — — Shares allocated to participants — — Balance, end of period 723,751 $ 7,238

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies and Credit Risk	Note 10. Commitments, Contingencies and Credit Risk Financial Instruments With Off-Balance-Sheet Risk The contractual amounts of commitments to extend credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless. The same credit policies are used in making commitments and contractual obligations as for on-balance-sheet instruments. Financial instruments whose contractual amounts represent credit risk at September 30, 2017 and December 31, 2016 are as follows: September 30, December 31, 2017 2016 (Unaudited) Commitments to grant mortgage loans $ 47,225 $ 33,813 Unfunded commitments under lines of credit 35,721 27,404 Standby letters of credit 6,735 2,487 $ 89,681 $ 63,704 Commitments to Grant Mortgage Loans Unfunded Commitments Under Lines of Credit Standby Letters of Credit Concentration by Geographic Location Lease Commitments The projected minimum rental payments under the terms of the leases at September 30, 2017 and December 31, 2016 are as follows: September 30, December 31, (Unaudited) 2017 $ 337 $ 1,062 2018 1,200 990 2019 1,170 1,011 2020 1,204 1,041 2021 1,240 1,072 Thereafter 8,930 6,654 $ 14,081 $ 11,830 Legal Matters Regulatory Agreement:

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value	Note 11. Fair Value The following fair value hierarchy is used based on the lowest level of input significant to the fair value measurement. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Cash and Cash Equivalents, Accrued Interest Receivable, Advance Payments by Borrowers for Taxes and Insurance, Short-Term Borrowings Under Repurchase Agreements and Accrued Interest Payable Available-for-Sale Securities FHLB Stock Loans Loans Held for Sale Other Real Estate Owned Deposits Advances From the Federal Home Loan Bank Off-Balance-Sheet Instruments Fair values for off-balance-sheet instruments (lending commitments The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016, and indicate the level within the fair value hierarchy utilized to determine the fair value: September 30, 2017 (Unaudited) Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 24,695 $ — $ 24,695 $ — Certificates of Deposit — — — — Mortgage-Backed Securities: FHLMC Certificates — — — — FNMA Certificates 1,194 — 1,194 — GNMA Certificates 3,423 — 3,423 — $ 29,312 $ — $ 29,312 $ — December 31, 2016 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 41,559 $ — $ 41,559 $ — Certificates of Deposit 500 — 500 — Mortgage-Backed Securities: FHLMC Certificates 216 — 216 — FNMA Certificates 3,606 — 3,606 — GNMA Certificates 6,809 — 6,809 — $ 52,690 $ — $ 52,690 $ — The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of September 30, 2017 and December 31, 2016 and indicate the fair value hierarchy utilized to determine the fair value: September 30, 2017 (Unaudited) Total Level 1 Level 2 Level 3 Impaired loans $ 23,269 $ — $ — $ 23,269 Loans held for sale $ — $ — $ — $ — Other real estate owned $ — $ — $ — $ — December 31, 2016 Total Level 1 Level 2 Level 3 Impaired loans $ 26,075 $ — $ — $ 26,075 Loans held for sale $ 2,143 $ — $ 2,143 $ — Other real estate owned $ — $ — $ — $ — Losses on assets carried at fair value on a nonrecurring basis were de minimis for the three months and nine months ended September 30, 2017 and 2016, respectively. The fair value information about financial instruments are disclosed, whether or not recognized in the consolidated statements of financial condition, for which it is practicable to estimate that value. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts for 2017 and 2016 have been measured as of their respective period-ends and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each period. The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company's assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other banks may not be meaningful. As of September 30, 2017 and December 31, 2016, the book balances and estimated fair values of the Company's financial instruments were as follows: Carrying Fair Value Measurements September 30, 2017 (Unaudited) Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 56,345 $ 56,345 $ — $ — $ 56,345 Investment securities 29,312 — 29,312 — 29,312 Loans held for sale — — — — — Loans receivable, net 767,721 — — 784,611 784,611 Accrued interest receivable 3,132 — 3,132 — 3,132 FHLB stock 1,448 1,448 — — 1,448 Pension plan asset 14,033 — — 14,814 14,814 Financial liabilities: Deposits: Demand deposits 93,020 93,020 — — 93,020 Interest-bearing deposits 205,020 205,020 — — 205,020 Certificates of deposit 400,615 — 406,185 — 406,185 Advance payments by borrowers for taxes and insurance 5,967 — 5,967 — 5,967 Advances from FHLB 15,000 15,000 — — 15,000 Accrued interest payable 32 — 32 — 32 December 31, 2016 Financial assets: Cash and cash equivalents $ 11,716 $ 11,716 $ — $ — $ 11,716 Investment securities 52,690 — 52,690 — 52,690 Loans held for sale 2,143 — 2,143 — 2,143 Loans receivable, net 642,148 — — 660,706 660,706 Accrued interest receivable 2,707 — 2,707 — 2,707 FHLB stock 964 964 — — 964 Pension plan asset 15,038 — — 15,296 15,296 Financial liabilities: Deposits: Demand deposits 78,792 78,792 — — 78,792 Interest-bearing deposits 195,565 195,565 — — 195,565 Certificates of deposit 368,721 — 368,721 — 368,721 Advance payments by borrowers for taxes and insurance 3,882 — 3,882 — 3,882 Advances from FHLB 3,000 3,000 — — 3,000 Accrued interest payable 28 — 28 — 28 Off-Balance-Sheet Instruments Pension Plan Asset

Regulatory Capital Requirements

Regulatory Capital Requirements	9 Months Ended
	Sep. 30, 2017
Banking And Thrift [Abstract]
Regulatory Capital Requirements	Note 12. Regulatory Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by the Federal Reserve Board and the OCC, respectively. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s operations and financial statements. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company's assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation require the maintenance of minimum amounts and ratios (set forth in the table below) of total risk-based and Tier 1 capital to risk-weighted assets (as defined), common equity Tier 1 capital (as defined), and Tier 1 capital to adjusted total assets (as defined) adjusted total assets (as defined). Management believes that, as of September 30, 2017 and December 31, 2016, all applicable capital adequacy requirements have been met. The below minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer is being phased in from 0% for 2015 to 2.5% by 2019. The applicable capital buffer was 13.4% at September 30, 2017 and 11.2% at December 31, 2016. The most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There were no conditions or events since then that management believes have changed the Bank's category. The Company's and the Bank’s actual capital amounts and ratios as of September 30, 2017 and December 31, 2016 as compared to regulatory requirements are as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (Unaudited) PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 183,135 27.47 % $ 53,342 8.00 % $ 66,677 10.00 % Tier 1 Capital to Risk-Weighted Assets 174,763 26.21 % 40,006 6.00 % 53,342 8.00 % Common Equity Tier 1 Capital Ratio 174,763 26.21 % 30,005 4.50 % 43,340 6.50 % Tier 1 Capital to Total Assets 174,763 19.48 % 35,886 4.00 % 44,857 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 142,283 21.41 % $ 53,176 8.00 % $ 66,470 10.00 % Tier 1 Capital to Risk-Weighted Assets 133,940 20.15 % 39,882 6.00 % 53,176 8.00 % Common Equity Tier 1 Capital Ratio 133,940 20.15 % 29,911 4.50 % 43,205 6.50 % Tier 1 Capital to Total Assets 133,940 14.91 % 35,942 4.00 % 44,928 5.00 % December 31, 2016 Ponce Bank Total Capital to Risk-Weighted Assets $ 106,190 19.21 % $ 44,217 8.00 % $ 55,271 10.00 % Tier 1 Capital to Risk-Weighted Assets 99,240 17.96 % 33,163 6.00 % 44,217 8.00 % Common Equity Tier 1 Capital Ratio 99,240 17.96 % 24,872 4.50 % 35,926 6.50 % Tier 1 Capital to Total Assets 99,240 13.32 % 29,805 4.00 % 37,256 5.00 %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 13. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) are as follows: September 30, 2017 (Unaudited) December 31, 2016 Current Year Change September 30, 2017 Unrealized gains (losses) on securities available for sale, net $ (166 ) $ 48 $ (118 ) Unrealized losses on pension benefits, net (6,084 ) (55 ) (6,139 ) Total $ (6,250 ) $ (7 ) $ (6,257 ) December 31, 2016 December 31, 2015 Current Year Change December 31, 2016 Unrealized gains (losses) on securities available for sale, net $ (370 ) $ 204 $ (166 ) Unrealized gains (losses) on pension benefits, net (6,385 ) 301 (6,084 ) Total $ (6,755 ) $ 505 $ (6,250 )

Transactions With Related Parti

Transactions With Related Parties	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Transactions With Related Parties	Note 14. Transactions Directors and officers of the Company have been customers of and have had transactions with the Bank, and it is expected that such persons will continue to have such transactions in the future. Aggregate loan transactions with related parties for the three months ended September 30, 2017 and 2016 and for the nine months ended September 30, 2017 and 2016 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Beginning balance $ 1,509 $ 1,677 $ 1,573 $ 1,728 Originations — — — — Payments (28 ) (28 ) (92 ) (79 ) Ending balance $ 1,481 $ 1,649 $ 1,481 $ 1,649 The Company held deposits in the amount of $5,632 and $6,856 from officers and directors at September 30, 2017 and December 31, 2016, respectively.

Nature of Business and Summar23

Nature of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Accounting and Consolidation	Basis of Presentation and Consolidation: The unaudited interim Consolidated Financial Statements of PDL Community Bancorp (the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10Q and do not include all of the information and note disclosures required by the U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results of the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the years ended December 31, 2016 and 2015 and notes thereto included in the Company’s prospectus, filed with the SEC pursuant to Rule 424(b)(3) under the Securities Act of 1933, on August 10, 2017. The unaudited interim Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiary Ponce Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns some of the Bank’s real property, and Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All significant intercompany transactions and balances have been eliminated in consolidation.
Reorganization and Stock Offering	Reorganization and Stock Offering: On September 29, 2017, Ponce De Leon Federal Bank reorganized into a two-tier mutual holding company structure with a mid-tier stock holding company. The Company sold 8,308,361 shares of common stock at $10.00 per share, including 723,751 shares purchased by the Company’s Employee Stock Ownership Plan (“ESOP”). In addition, the Company issued 9,545,387 shares to Ponce Bank Mutual Holding Company, the Company’s mutual holding company parent (the “MHC”) and 609,280 shares to The Ponce De Leon Foundation (“Foundation”), a charitable foundation that was formed in connection with the stock offering and is dedicated to supporting charitable organizations operating in the Bank’s local community. A total of 18,463,028 shares of common stock were outstanding following the completion of the stock offering. As a result of the reorganization, the reporting entity changed from Ponce De Federal Bank to PDL Community Bancorp. The direct costs of the Company’s stock offering of $4,988 were deferred and deducted from the proceeds of the offering.
Nature of Operations	Nature of Operations: The Bank is a federally chartered savings association headquartered in the Bronx, New York. Ponce De Leon Federal Bank was originally chartered in 1960 as a federally chartered mutual savings and loan association under the name Ponce De Leon Federal Savings and Loan Association. In 1985, the Bank changed its name to “Ponce De Leon Federal Savings Bank.” In 1997, the Bank changed its name again to “Ponce De Leon Federal Bank.” Upon the completion of its reorganization into the MHC, the assets and liabilities of Ponce De Leon Federal Bank were transferred to and assumed by a federally chartered stock savings bank, owned 100% by PDL Community Bancorp and known as and conducting business under the name “Ponce Bank.” The Bank will continue to be subject to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”). The Bank’s business is conducted through the administrative office and 13 branch offices. The banking offices are located in the Bronx, Manhattan, Queens and Brooklyn, New York and Union City, New Jersey. The primary market area currently consists of the New York City metropolitan area. The Bank’s business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residences (both investor-owned and owner-occupied), multifamily residences, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which have historically consisted of U.S. Government and federal agency securities and securities issued by government-sponsored or owned enterprises, as well as, mortgage-backed securities and Federal Home Loan Bank stock. The Company offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts.
Use of Estimates	Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, as of the date of the consolidated statement of financial condition, and revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of loans held for sale, the valuation of deferred tax assets and investment securities, and the determination of pension benefit obligations.
Interim Financial Statements	Interim Financial Statements The interim financial statements at September 30, 2017, and for the three months and nine months ended September 30, 2017 and 2016 are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three months and nine months ended September 30, 2017, are not necessarily indicative of the results to be achieved for the remainder of the year ending December 31, 2017, or any other period.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Bank’s activities are with customers located within New York City. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio is susceptible to changes in the local market conditions. Note 3 discusses the types of securities in which the Bank invests in. Notes 4 and 10 discuss the types of lending that the Bank engages in, and other concentrations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and amounts due from banks (including items in process of clearing). For purposes of reporting cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash flows from loans originated by the Company, interest-bearing deposits in financial institutions, and deposits are reported net.
Securities	Securities Management determines the appropriate classification of securities at the date individual investment securities are acquired, and the appropriateness of such classification is reassessed at each statement of financial condition date. Debt securities that management has the positive intent and ability to hold to maturity, if any, are classified as “held to maturity” and recorded at amortized cost. Trading securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held to maturity or trading are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of taxes. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the consolidated statement of income and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the discounted present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. The sale of a held-to-maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock The Bank is a member of the Federal Home Loan Bank of New York (the “FHLB”). Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at current unpaid principal balances, net of the allowance for loan losses and including net deferred loan origination fees and costs. Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. A loan is moved to nonaccrual status typically after 90 days of non-payment. The accrual of interest on mortgage and commercial loans is generally discontinued at the time the loan becomes 90 days past due unless the loan is well-secured and in process of collection. Consumer loans are typically charged-off no later than 120 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off if collection of principal or interest is considered doubtful. All nonaccrual loans are considered impaired loans. All interest accrued but not received for loans placed on nonaccrual are reversed against interest income. Interest received on such loans is accounted for on the cash basis or recorded against principal balances only, until qualifying for return to accrual. Cash basis interest recognition is only applied on nonaccrual loans with a sufficient collateral margin to ensure no doubt with respect to the collectability of principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and remain current for a period of time (typically six months) and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable incurred credit losses. 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. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDR”) and classified as impaired. 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 generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls 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. Impaired loans are measured for impairment using the fair value of the collateral, present value of cash flows, or the observable market price of the note. Impairment measurement for all collateral dependent loans, excluding accruing TDR’s is based on the fair value of collateral, less costs to sell, if necessary. A loan is considered collateral dependent if repayment of the loan is expected to be provided solely by the sale or the operation of the underlying collateral. When a loan is modified in a TDR, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if repayment under the modified terms becomes doubtful. The general component covers non‑impaired loans and is based on historical loss experience adjusted for current factors. As of September 30, 2017, the historical loss experience is determined by portfolio segment and is based on the actual loss experienced over a rolling 12 quarter average period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows:
Residential and Multifamily Mortgage Loans	Residential and Multifamily Mortgage Loans The majority of loans are secured by first mortgages. Residential and multifamily mortgage loans are typically underwritten with loan-to-value ratios ranging from 65% to 90%. The primary risks involved in residential mortgages are the borrower’s loss of employment, or other significant event, that negatively impacts the source of repayment. Additionally, a serious decline in home values could jeopardize repayment in the event that the underlying collateral needs to be liquidated to pay off the loan.
Nonresidential Mortgage Loans	Nonresidential Mortgage Loans Nonresidential mortgage loans are primarily secured by commercial buildings, office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties, including hotels, restaurants and nursing homes. These loans are typically underwritten at no more than 75% loan-to-value ratio. Although terms vary, commercial real estate loans generally have amortization periods of 15 to 30 years, as well as balloon payments of 10 to 15 years, and terms which provide that the interest rate is adjusted on a 5 year schedule.
Construction and Land Loans	Construction and Land Loans Construction real estate loans consist of vacant land and property that is in the process of improvement. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that government approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Construction real estate loans generally have terms of six months to two years during the construction period with fixed rates or interest rates based on a designated index.
Business Loans	Business Loans Business loans are loans for commercial, corporate and business purposes, including issuance of letters of credit. These loans are secured by business assets or may be unsecured. Repayment of these loans is directly dependent on the successful operation of the borrower’s business and the borrower’s ability to convert acquired assets to operating revenue. They possess greater risk than most other types of loans should the repayment capacity of the borrower not be adequate. Business loans generally have terms of five years to seven years or less and interest rates that float in accordance with a designated published index. Substantially all such loans are secured and backed by the personal guarantees of the owners of the businesses.
Consumer Loans	Consumer Loans Consumer loans generally have higher interest rates than mortgage loans. The risk involved in consumer loans is the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans include passbook loans and other secured and unsecured loans that have been made for a variety of consumer purposes.
Loans Held for Sale	Loans Held for Sale Loan sales occur from time to time as part of strategic business or regulatory compliance initiatives. Loans held for sale, including deferred fees and costs, are reported at the lower of cost or fair value as determined by expected bid prices from potential investors. Loans are sold without recourse and servicing released. When a loan is transferred from portfolio to held-for-sale and the fair value is less than cost, a charge-off is recorded against the allowance for loan losses. Subsequent declines in fair value, if any, are charged against earnings .
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when all of the components meet the definition of a participating interest and when control over the assets has been surrendered. A participating interest generally represents (1) a proportionate (pro rata) ownership interest in an entire financial asset, (2) a relationship where from the date of transfer all cash flows received from the entire financial asset are divided proportionately among the participating interest holders in an amount equal to their share of ownership, (3) the priority of cash flows has certain characteristics, including no reduction in priority, subordination of interest, or recourse to the transferor other than standard representation or warranties, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through either (a) an agreement to repurchase them before their maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a clean-up call.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Building 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10 Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, including premises and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment is indicated by that review, the asset is written down to its estimated fair value through a charge to noninterest expense.
Other Real Estate Owned	Other Real Estate Owned Other Real Estate Owned (“OREO”) represents properties acquired through, or in lieu of, loan foreclosure or other proceedings. OREO is initially recorded at fair value, less estimated disposal costs, at the date of foreclosure, which establishes a new cost basis. After foreclosure, the properties are held for sale and are carried at the lower of cost or fair value, less estimated costs of disposal. Any write-down to fair value, at the time of transfer to OREO, is charged to the allowance for loan losses. Properties are evaluated regularly to ensure that the recorded amounts are supported by current fair values and charges against earnings are recorded as necessary to reduce the carrying amount to fair value, less estimated costs to dispose. Costs relating to the development and improvement of the property are capitalized, subject to the limit of fair value of the OREO, while costs relating to holding the property are expensed. Gains or losses are included in operations upon disposal.
Income Taxes	Income Taxes The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of September 30, 2017 and December 31, 2016, there are no liabilities recorded related to uncertain tax positions. Income tax returns filed for years before 2013 are no longer subject to income tax examinations by U.S. federal, state or local tax authorities. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income (loss).
Related Party Transactions	Related Party Transactions Directors and officers of the Company and their affiliates have been customers of and have had transactions with the Company, and it is expected that such persons will continue to have such transactions in the future. Management believes that all deposit accounts, loans, services and commitments comprising such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers who are not directors or officers. In the opinion of management, the transactions with related parties did not involve more than normal risk of collectability, nor favored treatment or terms, nor present other unfavorable features. Note 14 contains details regarding related party transactions.
Compensation and Benefit Plans	Compensation and Benefit Plans Defined Benefit Plan: The noncontributory defined benefit pension plan was effectively frozen on May 31, 2007. The funding policy is to contribute annually the amounts sufficient to meet the minimum funding standards established by the Employee Retirement Income Security Act (“ERISA”) and such additional amounts as determined by management based on actuary recommendations. Employee Stock Ownership Plan: Compensation expense is recorded as shares are committed to be released with a corresponding credit to unearned ESOP shares at the average fair market value of the shares during the year. Compensation expense is recognized ratably over the service period based upon the management’s estimate of the number of shares expected to be allocated by the ESOP. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to additional paid-in-capital.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale, unrecognized gains and losses on actuarial experience and prior service cost of the defined benefit plan, which are also recognized as separate components of equity.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the operations and financial position of the Company.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date .
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic EPS represents net income attributable to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding, plus the effect of potential dilutive common stock equivalents outstanding during the period. The conversion and reorganization from a mutual to a stock entity became effective as of September 29, 2017, one day prior to the end of the 3rd Quarter of 2017. The EPS for one day is de minimis, hence no EPS is reported for the nine months period ended September 30, 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements As an emerging growth company (“EGC”) as defined in Rule 12b-2 of the Exchange Act, the Company has elected to use the extended transition period to delay the adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to nonpublic companies. As of September 30, 2017, there is no significant difference in the comparability of the financial statements as a result of this extended transition period. In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, “ Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. To date, the Company has identified its leased office spaces as within the scope of the guidance. The Company continues to evaluate the impact of the guidance, including determining whether other contracts exist that are deemed to be in scope. As such, no conclusions have yet been reached regarding the potential impact of adoption on the Company’s consolidated financial statements. Further, to date, no guidance has been issued by either the Company’s or the Company’s primary regulator with respect to how the impact of the amended standard is to be treated for regulatory capital purposes. In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation (Topic 718) In June 2016, the FASB issued ASU 2016-13, “ Measurement of Credit Losses on Financial Instruments Although early adoption is permitted, the Company does not expect to elect that option. The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. As a result of the required change in approach toward determining estimated credit losses from the current “incurred loss” model to one based on estimated cash flows over a loan’s contractual life, adjusted for prepayments (a “life of loan” model), the Company expects that the new guidance will result in an increase in the allowance for loan losses, particularly for longer duration loan portfolios. The Company also expects that the new guidance may result in an allowance for debt securities. In both cases, the extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. Further, to date, no guidance has been issued by the Company’s primary regulator with respect to how the impact of the amended standard is to be treated for regulatory purposes. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606)” As the Company is taking advantage of extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. The Company expects to apply the amendments in this update by means of a cumulative-effect adjustment as of the beginning of the period in which the guidance is adopted. The adoption of this update is not expected to have a material impact on the Company’s consolidated financial statements.

Nature of Business and Summar24

Nature of Business and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Estimated Useful Lives of Assets	Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows: Years Building 39 Building improvements 15 - 39 Furniture, fixtures, and equipment 3 - 10

Available-for-Sale Securities (

Available-for-Sale Securities (Tables)	9 Months Ended
	Sep. 30, 2017
Investments Debt And Equity Securities [Abstract]
Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities	The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, 2017 (Unaudited) Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 24,910 $ — $ (215 ) $ 24,695 Certificates of Deposit — — — — Mortgage-Backed Securities: FHLMC Certificates — — — — FNMA Certificates 1,195 — (1 ) 1,194 GNMA Certificates 3,386 44 (7 ) 3,423 $ 29,491 $ 44 $ (223 ) $ 29,312 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and Federal Agencies $ 41,906 $ — $ (347 ) $ 41,559 Certificates of Deposit 500 — — 500 Mortgage-Backed Securities: FHLMC Certificates 192 24 — 216 FNMA Certificates 3,600 11 (5 ) 3,606 GNMA Certificates 6,744 97 (32 ) 6,809 $ 52,942 $ 132 $ (384 ) $ 52,690
Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position	The following tables present the Company's securities' gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at September 30, 2017 and at December 31, 2016: September 30, 2017 (Unaudited) Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss U.S. Government and Federal Agencies $ 11,971 $ (74 ) $ 12,724 $ (141 ) $ 24,695 $ (215 ) Mortgage-Backed FHLMC Certificates — — — — — — FNMA Certificates 1,181 (2 ) — — 1,181 (2 ) GNMA Certificates — — 1,260 (7 ) 1,260 (7 ) $ 13,152 $ (76 ) $ 13,984 $ (148 ) $ 27,136 $ (224 ) December 31, 2016 Securities With Gross Unrealized Losses Less Than 12 Months 12 Months or More Total Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss U.S. Government and Federal Agencies $ 41,559 $ (347 ) $ — $ — $ 41,559 $ (347 ) Mortgage-Backed FHLMC Certificates — — — — — — FNMA Certificates 3,489 (5 ) — — 3,489 (5 ) GNMA Certificates 2,645 (32 ) — — 2,645 (32 ) $ 47,693 $ (384 ) $ — $ — $ 47,693 $ (384 )
Summary of Maturities of Securities	The following is a summary of maturities of securities at September 30, 2017 and December 31, 2016. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, these securities are not included within the maturity summary. September 30, 2017 Available-for-Sale (Unaudited) Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: Three months or less $ — $ — After three months through one year — — After one year through five years 24,910 24,695 24,910 24,695 Certificates of Deposit Three months or less — — Mortgage-Backed Securities 4,581 4,617 Total $ 29,491 $ 29,312 December 31, 2016 Available-for-Sale Amortized Fair Cost Value U.S. Government and Federal Agency Securities: Amounts maturing: After three months through one year $ 2,000 $ 1,998 After one year through five years 39,906 39,561 After ten years — — 41,906 41,559 Certificates of Deposit After three months through one year 500 500 Mortgage-Backed Securities 10,536 10,631 Total $ 52,942 $ 52,690

Loans Receivable and Allowanc26

Loans Receivable and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Summary of Loans	Loans at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Mortgage loans: 1-4 family residences Investor-Owned $ 279,275 $ 227,409 Owner-Occupied 99,661 97,631 Multifamily residences 177,181 158,200 Nonresidential properties 152,692 121,500 Construction and land 52,483 30,340 Nonmortgage loans: Business loans 15,600 15,719 Consumer loans 943 843 777,835 651,642 Net deferred loan origination costs 1,033 711 Allowance for losses on loans (11,147 ) (10,205 ) Loans, net $ 767,721 $ 642,148
Schedule of Credit Risk Ratings by Loan Segment	The following tables present credit risk ratings by loan segment as of September 30, 2017 and December 31, 2016: September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 362,900 $ 176,644 $ 150,479 $ 45,210 $ 14,178 $ 943 $ 750,354 Special mention 3,833 537 207 597 1,409 — 6,583 Substandard 12,203 — 2,006 6,676 13 — 20,898 Doubtful — — — — — — — Total $ 378,936 $ 177,181 $ 152,692 $ 52,483 $ 15,600 $ 943 $ 777,835 December 31, 2016 Mortgage Loans Nonmortgage Loans Construction Total 1-4 Family Multifamily Nonresidential and Land Business Consumer Loans Risk Rating: Pass $ 313,345 $ 158,200 $ 117,467 $ 24,316 $ 15,697 $ 843 $ 629,868 Special mention 2,549 — — — — 2,549 Substandard 9,146 — 4,033 6,024 22 — 19,225 Doubtful — — — — — — — Total $ 325,040 $ 158,200 $ 121,500 $ 30,340 $ 15,719 $ 843 $ 651,642
Schedule of Aging Analysis of Loans	An aging analysis of loans, as of September 30, 2017 and December 31, 2016, is as follows: September 30, 2017 (Unaudited) 30-59 60-89 Over Over Days Days 90 Days Nonaccrual 90 Days Current Past Due Past Due Past Due Total Loans Accruing Mortgages: 1-4 Family Investor-Owned $ 278,445 $ — $ 505 $ 325 $ 279,275 $ 1,569 $ — Owner-Occupied 96,325 — 354 2,982 99,661 5,327 — Multifamily 176,598 — 583 — 177,181 — — Nonresidential properties 151,551 — — 1,141 152,692 1,437 — Construction and land 52,483 — — — 52,483 1,075 — Nonmortgage Loans: Business 15,573 14 — 13 15,600 13 — Consumer 941 2 — — 943 — — Total $ 771,916 $ 16 $ 1,442 $ 4,461 $ 777,835 $ 9,421 $ — December 31, 2016 30-59 60-89 Over Over Days Days 90 Days Nonaccrual 90 Days Current Past Due Past Due Past Due Total Loans Accruing Mortgages: 1-4 Family Investor-Owned $ 224,368 $ 2,716 $ — $ 325 $ 227,409 $ 2,048 $ — Owner-Occupied 92,778 2,562 557 1,734 97,631 2,110 — Multifamily 157,381 819 — — 158,200 — — Nonresidential properties 119,465 41 — 1,994 121,500 2,397 — Construction and land 30,340 — — — 30,340 1,145 — Nonmortgage Loans: Business 15,672 25 — 22 15,719 22 — Consumer 843 — — — 843 — — Total $ 640,847 $ 6,163 $ 557 $ 4,075 $ 651,642 $ 7,722 $ —
Schedule of Composition of Allowance for Loan Losses and Related Recorded Investment	The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of September 30, 2017, 2016 and December 31, 2016: For the Nine Months Ended September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Provision charged to expense 462 (367 ) 325 209 381 (713 ) (10 ) 210 497 Losses charged-off — — — — — (34 ) (5 ) — (39 ) Recoveries 171 3 2 6 — 296 6 — 484 Balance, end of period $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 Ending balance: individually evaluated for impairment $ 509 $ 388 $ — $ 40 $ — $ — $ — $ — $ 937 Ending balance: collectively evaluated for impairment 3,271 1,052 3,032 1,495 996 146 8 — 10,000 Unallocated — — — — — — — 210 210 Total $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 Loans: Ending balance: individually evaluated for impairment $ 8,163 $ 10,112 $ — $ 3,406 $ 1,075 $ 513 $ — $ — $ 23,269 Ending balance: collectively evaluated for impairment 271,112 89,549 177,181 149,286 51,408 15,087 943 — 754,566 Total $ 279,275 $ 99,661 $ 177,181 $ 152,692 $ 52,483 $ 15,600 $ 943 $ — $ 777,835 For the Three Months Ended September 30, 2017 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,536 $ 1,483 $ 2,988 $ 1,739 $ 753 $ 148 $ 8 $ — $ 10,655 Provision charged to expense 82 (46 ) 44 (205 ) 243 (94 ) 4 210 238 Losses charged-off — — — — — — (6 ) — (6 ) Recoveries 162 3 — 1 — 92 2 — 260 Balance, end of period $ 3,780 $ 1,440 $ 3,032 $ 1,535 $ 996 $ 146 $ 8 $ 210 $ 11,147 For the Nine Months Ended September 30, 2016 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 2,842 $ 2,127 $ 1,994 $ 1,298 $ 502 $ 709 $ 12 $ — $ 9,484 Provision charged to expense 216 (251 ) 519 (76 ) 125 (743 ) 14 — (196 ) Losses charged-off (16 ) — (3 ) (1 ) (85 ) — (13 ) — (118 ) Recoveries 15 137 1 7 5 622 7 — 794 Balance, end of period $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 Ending balance: individually evaluated for impairment $ 386 $ 746 $ — $ 265 $ — $ — $ — $ — $ 1,397 Ending balance: collectively evaluated for impairment 2,671 1,267 2,511 963 547 588 20 — 8,567 Unallocated — — — — — — — — — Total $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 Loans: Ending balance: individually evaluated for impairment $ 9,015 $ 10,003 $ — $ 6,503 $ 1,040 $ 648 $ — $ — $ 27,209 Ending balance: collectively evaluated for impairment 205,905 94,149 150,160 104,308 25,514 15,232 883 — 596,151 Total $ 214,920 $ 104,152 $ 150,160 $ 110,811 $ 26,554 $ 15,880 $ 883 $ — $ 623,360 For the Three Months Ended September 30, 2016 (Unaudited) Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of period $ 3,075 $ 2,015 $ 2,368 $ 1,210 $ 486 $ 585 $ 18 $ — $ 9,757 Provision charged to expense (25 ) (2 ) 143 16 61 (89 ) 12 — 116 Losses charged-off — — — — — — (13 ) — (13 ) Recoveries 7 — — 2 — 92 3 — 104 Balance, end of period $ 3,057 $ 2,013 $ 2,511 $ 1,228 $ 547 $ 588 $ 20 $ — $ 9,964 For the Year Ended December 31, 2016 Mortgage Loans Nonmortgage Loans Total 1-4 Family Investor Owned 1-4 Family Owner Occupied Multifamily Nonresidential Construction and Land Business Consumer Unallocated For the Period Allowances for loan losses: Balance, beginning of year $ 2,842 $ 2,127 $ 1,994 $ 1,298 $ 502 $ 709 $ 12 $ — $ 9,484 Provision charged to expense 183 (323 ) 713 13 193 (845 ) 9 — (57 ) Losses charged-off (38 ) — (3 ) — (85 ) — (13 ) — (139 ) Recoveries 160 — 1 9 5 733 9 — 917 Balance, end of year $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Ending balance: individually evaluated for impairment $ 383 $ 719 $ — $ 261 $ — $ 10 $ — $ — $ 1,373 Ending balance: collectively evaluated for impairment 2,764 1,085 2,705 1,059 615 587 17 — 8,832 Unallocated — — — — — — — — — Total $ 3,147 $ 1,804 $ 2,705 $ 1,320 $ 615 $ 597 $ 17 $ — $ 10,205 Loans: Ending balance: individually evaluated for impairment $ 8,471 $ 9,385 $ — $ 6,459 $ 1,145 $ 615 $ — $ — $ 26,075 Ending balance: collectively evaluated for impairment 218,938 88,246 158,200 115,041 29,195 15,104 843 — 625,567 Total $ 227,409 $ 97,631 $ 158,200 $ 121,500 $ 30,340 $ 15,719 $ 843 $ — $ 651,642
Schedule of Information Relates to Impaired Loans	The following information relates to impaired loans as of and for the nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized September 30, 2017 Balance Allowance Allowance Investment Allowance Investment on Cash Basis (Unaudited) Mortgages: 1-4 Family $ 19,582 $ 9,527 $ 8,748 $ 18,275 $ 897 $ 18,099 $ 696 Multifamily — — — — — — — Nonresidential properties 4,028 2,907 499 3,406 40 5,690 130 Construction and land 1,211 1,075 — 1,075 — 1,082 — Nonmortgage Loans: Business 555 513 — 513 — 573 18 Consumer — — — — — — — Total $ 25,376 $ 14,022 $ 9,247 $ 23,269 $ 937 $ 25,444 $ 844 Unpaid Contractual Recorded Investment Recorded Investment Total Average Interest Income Principal With No With Recorded Related Recorded Recognized December 31, 2016 Balance Allowance Allowance Investment Allowance Investment on Cash Basis Mortgages: 1-4 Family $ 19,367 $ 7,507 $ 10,349 $ 17,856 $ 1,102 $ 20,131 $ 722 Multifamily — — — — — 309 — Nonresidential properties 7,096 3,897 2,562 6,459 261 6,541 235 Construction and land 1,241 1,145 — 1,145 — 912 — Nonmortgage Loans: Business 672 605 10 615 10 748 24 Consumer — — — — — — — Total $ 28,376 $ 13,154 $ 12,921 $ 26,075 $ 1,373 $ 28,641 $ 981
Schedule of Troubled Debt Restructuring	Loans Restructured During All TDRs with a payment default within 12 months following the Nine Months Ended September 30, 2017 (Unaudited) modification (Unaudited) Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family 1 $ 176 $ 176 — $ — Multifamily — — — — — Nonresidential — — — — — Construction and land — — — — — Nonmortgage Loans: Commercial — — — — — Consumer — — — — — Total 1 $ 176 $ 176 — $ — Extended maturity — — — — — Interest rate adjustment — — — — — Combination of rate, maturity, other 1 176 176 — — Total 1 $ 176 $ 176 — $ — Loans Restructured During All TDRs with a payment default within 12 months following the Year Ended December 31, 2016 modification Pre- Post- Balance Modification Modification of Loans Number Recorded Recorded Number at the Time of Loans Balance Balance of Loans of Default Mortgages: 1-4 Family — $ — $ — — $ — Multifamily — — — — — Nonresidential — — — — — Construction and land — — — — — Nonmortgage Loans: Commercial — — — — — Consumer — — — — — Total — $ — $ — — $ — Extended maturity — — — — — Interest rate adjustment — — — — — Combination of rate, maturity, other — — — — — Total — $ — $ — — $ —

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	A summary of premises and equipment at September 30, 2017 and December 31, 2016 is as follows: September 30, December 31, 2017 2016 (Unaudited) Land $ 3,979 $ 3,979 Buildings and improvements 15,972 15,972 Leasehold improvements 19,535 19,280 Furniture, fixtures and equipment 4,450 3,799 43,936 43,030 Less accumulated depreciation and amortization (18,207 ) (17,002 ) $ 25,729 $ 26,028

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2017
Banking And Thrift [Abstract]
Summarized Deposits	Deposits at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Demand $ 93,020 $ 78,792 Interest-bearing deposits: NOW/IOLA accounts 26,969 25,692 Money market accounts 50,530 42,788 Savings accounts 127,521 127,085 Total savings, NOW and money market 205,020 195,565 Certificates of deposit of $250K or more 119,598 90,267 All other certificates of deposit 281,017 278,454 Total certificates of deposit 400,615 368,721 Total interest-bearing deposits 605,635 564,286 Total deposits $ 698,655 $ 643,078
Scheduled Maturities of Certificates of Deposit	At September 30, 2017 and December 31, 2016, scheduled maturities of certificates of deposit were as follows: September 30, 2018 $ 155,114 2019 86,277 2020 44,690 2021 69,017 2022 45,517 $ 400,615 December 31, 2017 $ 168,940 2018 69,973 2019 40,690 2020 35,327 2021 53,791 $ 368,721

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Borrowed Funds FHLB Advances Maturity and Call Date	Borrowed funds at September 30, 2017 and December 31, 2016 consist of FHLB advances and are summarized by maturity and call date below: September 30, December 31, 2017 (Unaudited) 2016 Scheduled Maturity Redeemable at Call Date Weighted Average Rate Scheduled Maturity Redeemable at Call Date Weighted Average Rate Overnight line of credit advance $ — $ — — % $ 3,000 $ 3,000 0.78 % Term advances ending December 31: — — 2021 3,000 3,000 1.84 — — — 2022 5,000 5,000 1.97 — — — 2023 7,000 7,000 2.12 — — — $ 15,000 $ 15,000 2.01 % $ 3,000 $ 3,000 — %

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision (benefit) for income taxes for the three months and nine months ended September 30, 2017 and 2016 consists of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Federal: Current $ 452 $ 217 $ 1,333 $ (266 ) Deferred (1,847 ) 181 (1,715 ) 1,378 (1,395 ) 398 (382 ) 1,112 State and local: Current 54 78 156 (182 ) Deferred (881 ) (697 ) (1,261 ) (991 ) (827 ) (619 ) (1,105 ) (1,173 ) Changes in valuation allowance 579 460 830 907 Provision (benefit) for income taxes $ (1,643 ) $ 239 $ (657 ) $ 846
Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense	For the three and nine months ended September 30, 2017, there was a benefit of $1,643 and $657, respectively, due to the $2,479 tax benefit for the Foundation expense. Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate of 34% for the three months and nine months ended September 30, 2017 and 2016 to income before income taxes as a result of the following: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Income tax, at federal rate $ (1,650 ) $ 177 $ (741 ) $ 691 State and local tax, net of federal taxes (99 ) (398 ) (273 ) (752 ) Valuation allowance, net of the federal benefit 106 460 357 907 Other — — — — $ (1,643 ) $ 239 $ (657 ) $ 846
Schedule of Significant Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at September 30, 2017 and December 31, 2016 are presented below: At September 30, At December 31, 2017 2016 (Unaudited) Deferred tax assets: Allowance for losses on loans $ 4,709 $ 4,352 Accrued expenses — — Interest on nonaccrual loans 363 525 Unrealized loss on available-for-sale securities 61 86 Amortization of intangible assets 201 219 Deferred rent payable 233 212 Net operating losses 1,631 1,340 Charitable contribution carryforward 2,479 — Other 10 20 Total gross deferred tax assets 9,687 6,754 Deferred tax liabilities: Cumulative contribution in excess of net periodic benefit costs, net 1,146 1,179 Depreciation and amortization of premises and equipment 240 426 Deferred loan fees 441 303 Other 17 17 Total gross deferred tax liabilities 1,844 1,925 Valuation allowance 2,280 1,450 Net deferred tax assets $ 5,563 $ 3,379

Compensation and Benefit Plans

Compensation and Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Compensation And Retirement Disclosure [Abstract]
Summary Of Pension Plan Funded Status and Amounts Recognized in Financial Condition Statements	The following table sets forth the Old Pension Plan’s funded status and amounts recognized in the consolidated statements of financial condition as of September 30, 2017 and December 31, 2016 using a measurement date as of September 30, 2017 and December 31, 2016, respectively: September 30, December 31, 2017 2016 (Unaudited) Projected benefit obligation $ (14,032 ) $ (14,142 ) Fair value of plan assets 14,814 15,038 Funded status $ 782 $ 896 Accumulated benefit obligation $ (14,032 ) $ (14,142 ) September 30, 2017 December 31, 2017 (Unaudited) Changes in benefit obligation: Beginning of period $ 14,142 $ 14,903 Service cost 40 39 Interest cost 581 615 (Gain)/ Loss 45 (523 ) Administrative cost (40 ) (39 ) Benefits paid (736 ) (853 ) End of period $ 14,032 $ 14,142
Benefit Costs Recognized in Accumulated Other Comprehensive Loss	Amounts recognized in accumulated other comprehensive loss, which will be amortized into net periodic benefit cost over the coming years, consisted of the following components at September 30, 2017 and September 30, 2016: September 30, 2017 2016 (Unaudited) Net loss $ (9,302 ) $ (9,332 )
Components of Net Periodic Benefit Cost	The components of net periodic benefit cost are as follows for the nine months ended September 30, 2017 and 2016: For the Nine Months Ended September 30, 2017 2016 (Unaudited) Service cost $ 40 $ 29 Interest cost 581 461 Expected return on plan assets (840 ) (636 ) Amortization of prior service cost 25 19 Amortization of (gain)/loss 234 186 Net periodic benefit cost $ 40 $ 59
Weighted Average Assumptions Used to Determine Net Benefit Obligations	Weighted-average assumptions used to determine the net benefit obligations consisted of the following as of September 30, 2017 and December 31, 2016: September 30, December 31, 2017 2016 (Unaudited) Discount rate 4.25% 4.25% Rate of compensation increase 0.00% 0.00%
Weighted Average Assumptions Used to Determine Net Benefit Cost	Weighted-average assumptions used to determine the net benefit cost consisted of the following for the nine months ended September 30, 2017 and for the year ended December 31, 2016: September 30, December 31, 2017 2016 (Unaudited) Discount rate 4.25% 4.25% Rate of compensation increase 0.00% 0.00% Expected long-term rate of return on assets 6.00% 6.00%
Employer Contributions and Benefit Payments	Employer contributions and benefit payments for the nine months ended September 30, 2017 and for the year ended December 31, 2016 are as follows: September 30, December 31, 2017 2016 (Unaudited) Employer contribution $ — $ 870 Benefits paid $ 736 $ 853
Expected Employee Benefit Payments	Employee benefit payments expected to be paid in the future are as follows: As of Sept 30, 2017 $ 118 2018 841 2019 840 2020 818 2021 798 Thereafter 3,841 $ 7,256 Year ending December 31 2017 $ 854 2018 841 2019 840 2020 818 2021 798 Thereafter 3,841 $ 7,992
Schedule of Employee Stock Ownership Plan	Shares Amount Balance, beginning of year — $ — New shares purchased 723,751 7,238 Shares released to participants — — Shares allocated to participants — — Balance, end of period 723,751 $ 7,238

Commitments, Contingencies an32

Commitments, Contingencies and Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Financial Instruments Whose Contractual Amounts Represent Credit Risk	Financial instruments whose contractual amounts represent credit risk at September 30, 2017 and December 31, 2016 are as follows: September 30, December 31, 2017 2016 (Unaudited) Commitments to grant mortgage loans $ 47,225 $ 33,813 Unfunded commitments under lines of credit 35,721 27,404 Standby letters of credit 6,735 2,487 $ 89,681 $ 63,704
Projected Minimum Rental Payments under Terms of Leases	The projected minimum rental payments under the terms of the leases at September 30, 2017 and December 31, 2016 are as follows: September 30, December 31, (Unaudited) 2017 $ 337 $ 1,062 2018 1,200 990 2019 1,170 1,011 2020 1,204 1,041 2021 1,240 1,072 Thereafter 8,930 6,654 $ 14,081 $ 11,830

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on Recurring Basis	The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016, and indicate the level within the fair value hierarchy utilized to determine the fair value: September 30, 2017 (Unaudited) Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 24,695 $ — $ 24,695 $ — Certificates of Deposit — — — — Mortgage-Backed Securities: FHLMC Certificates — — — — FNMA Certificates 1,194 — 1,194 — GNMA Certificates 3,423 — 3,423 — $ 29,312 $ — $ 29,312 $ — December 31, 2016 Description Total Level 1 Level 2 Level 3 Available-for-Sale Securities: U.S. government and federal agencies $ 41,559 $ — $ 41,559 $ — Certificates of Deposit 500 — 500 — Mortgage-Backed Securities: FHLMC Certificates 216 — 216 — FNMA Certificates 3,606 — 3,606 — GNMA Certificates 6,809 — 6,809 — $ 52,690 $ — $ 52,690 $ —
Assets Measured at Fair Value on Nonrecurring Basis	The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of September 30, 2017 and December 31, 2016 and indicate the fair value hierarchy utilized to determine the fair value: September 30, 2017 (Unaudited) Total Level 1 Level 2 Level 3 Impaired loans $ 23,269 $ — $ — $ 23,269 Loans held for sale $ — $ — $ — $ — Other real estate owned $ — $ — $ — $ — December 31, 2016 Total Level 1 Level 2 Level 3 Impaired loans $ 26,075 $ — $ — $ 26,075 Loans held for sale $ 2,143 $ — $ 2,143 $ — Other real estate owned $ — $ — $ — $ —
Estimated Fair Values of Financial Instruments	As of September 30, 2017 and December 31, 2016, the book balances and estimated fair values of the Company's financial instruments were as follows: Carrying Fair Value Measurements September 30, 2017 (Unaudited) Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 56,345 $ 56,345 $ — $ — $ 56,345 Investment securities 29,312 — 29,312 — 29,312 Loans held for sale — — — — — Loans receivable, net 767,721 — — 784,611 784,611 Accrued interest receivable 3,132 — 3,132 — 3,132 FHLB stock 1,448 1,448 — — 1,448 Pension plan asset 14,033 — — 14,814 14,814 Financial liabilities: Deposits: Demand deposits 93,020 93,020 — — 93,020 Interest-bearing deposits 205,020 205,020 — — 205,020 Certificates of deposit 400,615 — 406,185 — 406,185 Advance payments by borrowers for taxes and insurance 5,967 — 5,967 — 5,967 Advances from FHLB 15,000 15,000 — — 15,000 Accrued interest payable 32 — 32 — 32 December 31, 2016 Financial assets: Cash and cash equivalents $ 11,716 $ 11,716 $ — $ — $ 11,716 Investment securities 52,690 — 52,690 — 52,690 Loans held for sale 2,143 — 2,143 — 2,143 Loans receivable, net 642,148 — — 660,706 660,706 Accrued interest receivable 2,707 — 2,707 — 2,707 FHLB stock 964 964 — — 964 Pension plan asset 15,038 — — 15,296 15,296 Financial liabilities: Deposits: Demand deposits 78,792 78,792 — — 78,792 Interest-bearing deposits 195,565 195,565 — — 195,565 Certificates of deposit 368,721 — 368,721 — 368,721 Advance payments by borrowers for taxes and insurance 3,882 — 3,882 — 3,882 Advances from FHLB 3,000 3,000 — — 3,000 Accrued interest payable 28 — 28 — 28

Regulatory Capital Requiremen34

Regulatory Capital Requirements (Tables)	9 Months Ended
	Sep. 30, 2017
Banking And Thrift [Abstract]
Summary of Bank's Actual Capital Amounts and Ratios As Compared to Regulatory Requirements	The Company's and the Bank’s actual capital amounts and ratios as of September 30, 2017 and December 31, 2016 as compared to regulatory requirements are as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (Unaudited) PDL Community Bancorp Total Capital to Risk-Weighted Assets $ 183,135 27.47 % $ 53,342 8.00 % $ 66,677 10.00 % Tier 1 Capital to Risk-Weighted Assets 174,763 26.21 % 40,006 6.00 % 53,342 8.00 % Common Equity Tier 1 Capital Ratio 174,763 26.21 % 30,005 4.50 % 43,340 6.50 % Tier 1 Capital to Total Assets 174,763 19.48 % 35,886 4.00 % 44,857 5.00 % Ponce Bank Total Capital to Risk-Weighted Assets $ 142,283 21.41 % $ 53,176 8.00 % $ 66,470 10.00 % Tier 1 Capital to Risk-Weighted Assets 133,940 20.15 % 39,882 6.00 % 53,176 8.00 % Common Equity Tier 1 Capital Ratio 133,940 20.15 % 29,911 4.50 % 43,205 6.50 % Tier 1 Capital to Total Assets 133,940 14.91 % 35,942 4.00 % 44,928 5.00 % December 31, 2016 Ponce Bank Total Capital to Risk-Weighted Assets $ 106,190 19.21 % $ 44,217 8.00 % $ 55,271 10.00 % Tier 1 Capital to Risk-Weighted Assets 99,240 17.96 % 33,163 6.00 % 44,217 8.00 % Common Equity Tier 1 Capital Ratio 99,240 17.96 % 24,872 4.50 % 35,926 6.50 % Tier 1 Capital to Total Assets 99,240 13.32 % 29,805 4.00 % 37,256 5.00 %

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) are as follows: September 30, 2017 (Unaudited) December 31, 2016 Current Year Change September 30, 2017 Unrealized gains (losses) on securities available for sale, net $ (166 ) $ 48 $ (118 ) Unrealized losses on pension benefits, net (6,084 ) (55 ) (6,139 ) Total $ (6,250 ) $ (7 ) $ (6,257 ) December 31, 2016 December 31, 2015 Current Year Change December 31, 2016 Unrealized gains (losses) on securities available for sale, net $ (370 ) $ 204 $ (166 ) Unrealized gains (losses) on pension benefits, net (6,385 ) 301 (6,084 ) Total $ (6,755 ) $ 505 $ (6,250 )

Transactions With Related Par36

Transactions With Related Parties (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of Aggregate Loan Transactions with Related Parties	Aggregate loan transactions with related parties for the three months ended September 30, 2017 and 2016 and for the nine months ended September 30, 2017 and 2016 were as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (Unaudited) (Unaudited) Beginning balance $ 1,509 $ 1,677 $ 1,573 $ 1,728 Originations — — — — Payments (28 ) (28 ) (92 ) (79 ) Ending balance $ 1,481 $ 1,649 $ 1,481 $ 1,649

Nature of Business and Summar37

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Thousands	Sep. 29, 2017$ / sharesshares	Sep. 30, 2017USD ($)BranchOffice$ / sharesshares	Dec. 31, 2016USD ($)
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Shares purchased under employee stock ownership plan		723,751
Common stock, shares, outstanding		18,463,028
Ownership percentage		100.00%
Number of branch offices | BranchOffice		13
Minimum collection percentage of securities required to be considered as a maturity		85.00%
Period of historical loss experience to estimate allowance for loan losses		36 months
Percentage of largest amount of tax benefits likely to realize		50.00%
Liabilities recorded for uncertainty tax position | $		$ 0	$ 0
Earnings per share | $ / shares		$ 0
Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Period on which interest rate is adjusted		5 years
Minimum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio		65.00%
Minimum | Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term		6 months
Minimum | Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan amortization period		15 years
Balloon payments period of loan		10 years
Minimum | Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term		5 years
Maximum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio		90.00%
Maximum | Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term		2 years
Maximum | Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio		75.00%
Loan amortization period		30 years
Balloon payments period of loan		15 years
Maximum | Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term		7 years
Common Stock
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of shares sold	8,308,361
Common stock price, per share | $ / shares	$ 10
Shares purchased under employee stock ownership plan	723,751
Common stock, shares, outstanding	18,463,028
Stock offering costs | $		$ 4,988
Common Stock | Ponce Bank Mutual Holding Company
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of shares sold	9,545,387	9,545,387
Common Stock | Ponce De Leon Foundation
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of shares sold	609,280

Nature of Business and Summar38

Nature of Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	9 Months Ended
	Sep. 30, 2017
Building
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Minimum | Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Minimum | Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Maximum | Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Maximum | Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	10 years

Restrictions on Cash and Due 39

Restrictions on Cash and Due From Banks - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Cash And Cash Equivalents [Abstract]
Restricted cash	$ 4,225	$ 4,516
Required reserve balances in cash or on deposit with the Federal Reserve Bank	$ 3,227	$ 2,349

Available-for-Sale Securities -

Available-for-Sale Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 29,491	$ 52,942
Gross Unrealized Gains	44	132
Gross Unrealized Losses	(223)	(384)
Fair Value	29,312	52,690
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	24,910	41,906
Gross Unrealized Losses	(215)	(347)
Fair Value	24,695	41,559
Certificates of Deposit
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		500
Fair Value		500
FHLMC Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		192
Gross Unrealized Gains		24
Fair Value		216
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	1,195	3,600
Gross Unrealized Gains		11
Gross Unrealized Losses	(1)	(5)
Fair Value	1,194	3,606
GNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	3,386	6,744
Gross Unrealized Gains	44	97
Gross Unrealized Losses	(7)	(32)
Fair Value	$ 3,423	$ 6,809

Available-for-Sale Securities41

Available-for-Sale Securities - Additional Information (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)Investment	Sep. 30, 2017USD ($)Investment	Dec. 31, 2016USD ($)Investment
Investments Debt And Equity Securities [Abstract]
Held to maturity	$ 0	$ 0	$ 0
Sale of available-for-sale securities	$ 0	$ 20,411,000	$ 0
Number of investment securities | Investment	33	33	52
Number of investment securities not other than temporary | Investment	14	14	25
Securities pledged	$ 0	$ 0	$ 0

Available-for-Sale Securities42

Available-for-Sale Securities - Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	$ 13,152	$ 47,693
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss	(76)	(384)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	13,984
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(148)
Securities With Gross Unrealized Losses, Total Fair Value	27,136	47,693
Securities With Gross Unrealized Losses, Total Unrealized Loss	(224)	(384)
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	11,971	41,559
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss	(74)	(347)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	12,724
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(141)
Securities With Gross Unrealized Losses, Total Fair Value	24,695	41,559
Securities With Gross Unrealized Losses, Total Unrealized Loss	(215)	(347)
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value	1,181	3,489
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss	(2)	(5)
Securities With Gross Unrealized Losses, Total Fair Value	1,181	3,489
Securities With Gross Unrealized Losses, Total Unrealized Loss	(2)	(5)
GNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		2,645
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss		(32)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	1,260
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(7)
Securities With Gross Unrealized Losses, Total Fair Value	1,260	2,645
Securities With Gross Unrealized Losses, Total Unrealized Loss	$ (7)	$ (32)

Available-for-Sale Securities43

Available-for-Sale Securities - Summary of Maturities of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 29,491	$ 52,942
Available-for-Sale Securities, Fair Value	29,312	52,690
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities After three months through one year, Amortized Cost		2,000
Available-for-Sale Securities After one year through five years, Amortized Cost	24,910	39,906
Available-for-Sale Securities, Amortized Cost	24,910	41,906
Available-for-Sale Securities After three months through one year, Fair Value		1,998
Available-for-Sale Securities After one year through five years, Fair Value	24,695	39,561
Available-for-Sale Securities, Fair Value	24,695	41,559
Certificates of Deposit
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities After three months through one year, Amortized Cost		500
Available-for-Sale Securities After three months through one year, Fair Value		500
Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	4,581	10,536
Available-for-Sale Securities, Fair Value	$ 4,617	$ 10,631

Summary of Loans (Details)

Summary of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 777,835	$ 651,642
Net deferred loan origination costs	1,033	711
Allowance for losses on loans	(11,147)	(10,205)
Loans, net	767,721	642,148
Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	15,600	15,719
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	943	843
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	52,483	30,340
1-4 Family Residences Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	279,275	227,409
Multifamily Residences
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	177,181	158,200
1-4 Family Residences Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	99,661	97,631
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 152,692	$ 121,500

Loans Receivable and Allowanc45

Loans Receivable and Allowance for Loan Losses - Additional Information (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)Loan	Dec. 31, 2016USD ($)Loan	Sep. 30, 2016USD ($)
Accounts Notes And Loans Receivable [Line Items]
Restructured loans | Loan	1	0
Outstanding TDR loans that had a payment default within 12 months following its modification | Loan	0	0
Number of troubled debt restructured loans, included in impaired loans | Loan	49	58
Impaired loans	$ 23,269	$ 26,075	$ 27,209
Impairment reserves	937	1,373	$ 1,397
Troubled Debt Restructured Loans
Accounts Notes And Loans Receivable [Line Items]
Impaired loans	18,344	21,021
Impairment reserves	$ 937	$ 1,373
Maximum
Accounts Notes And Loans Receivable [Line Items]
Creditworthiness of each customer to the market value of the collateral at the date of the credit extension percentage	75.00%
Minimum
Accounts Notes And Loans Receivable [Line Items]
Strong Pass Loans to new or existing borrowers collateralized percentage	90.00%

Credit Risk Ratings by Loan Seg

Credit Risk Ratings by Loan Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 777,835	$ 651,642
1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	378,936	325,040
Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	177,181	158,200
Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	152,692	121,500
Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	52,483	30,340
Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	15,600	15,719
Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	943	843
Pass
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	750,354	629,868
Pass | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	362,900	313,345
Pass | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	176,644	158,200
Pass | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	150,479	117,467
Pass | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	45,210	24,316
Pass | Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	14,178	15,697
Pass | Consumer
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	943	843
Special Mention
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	6,583	2,549
Special Mention | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	3,833	2,549
Special Mention | Multifamily
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	537
Special Mention | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	207
Special Mention | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	597
Special Mention | Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	1,409
Substandard
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	20,898	19,225
Substandard | 1-4 Family
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	12,203	9,146
Substandard | Nonresidential
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	2,006	4,033
Substandard | Construction and Land
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	6,676	6,024
Substandard | Business
Financing Receivable Recorded Investment [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 13	$ 22

Aging Analysis of Loans (Detail

Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment Past Due [Line Items]
Current	$ 771,916	$ 640,847
Total past due	777,835	651,642
Nonaccrual loans	9,421	7,722
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	16	6,163
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	1,442	557
Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	4,461	4,075
1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Current	278,445	224,368
Total past due	279,275	227,409
Nonaccrual loans	1,569	2,048
1-4 Family Investor Owned | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due		2,716
1-4 Family Investor Owned | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	505
1-4 Family Investor Owned | Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	325	325
Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Current	176,598	157,381
Total past due	177,181	158,200
Multifamily | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due		819
Multifamily | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	583
1-4 Family Owner Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Current	96,325	92,778
Total past due	99,661	97,631
Nonaccrual loans	5,327	2,110
1-4 Family Owner Occupied | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due		2,562
1-4 Family Owner Occupied | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	354	557
1-4 Family Owner Occupied | Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	2,982	1,734
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Current	151,551	119,465
Total past due	152,692	121,500
Nonaccrual loans	1,437	2,397
Nonresidential Properties | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due		41
Nonresidential Properties | Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	1,141	1,994
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Current	52,483	30,340
Total past due	52,483	30,340
Nonaccrual loans	1,075	1,145
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Current	15,573	15,672
Total past due	15,600	15,719
Nonaccrual loans	13	22
Business | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	14	25
Business | Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	13	22
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Current	941	843
Total past due	943	$ 843
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due	$ 2

Composition of Allowance for Lo

Composition of Allowance for Loan Losses and Related Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	$ 10,655	$ 9,757	$ 10,205	$ 9,484	$ 9,484
Provision for (recovery from) loan losses	238	116	497	(196)	(57)
Losses charged-off	(6)	(13)	(39)	(118)	(139)
Recoveries	260	104	484	794	917
Balance, end of period	11,147	9,964	11,147	9,964	10,205
Ending balance: individually evaluated for impairment	937	1,397	937	1,397	1,373
Ending balance: collectively evaluated for impairment	10,000	8,567	10,000	8,567	8,832
Unallocated	210		210
Ending balance: individually evaluated for impairment	23,269	27,209	23,269	27,209	26,075
Ending balance: collectively evaluated for impairment	754,566	596,151	754,566	596,151	625,567
Total	777,835	623,360	777,835	623,360	651,642
1-4 Family Investor Owned
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,536	3,075	3,147	2,842	2,842
Provision for (recovery from) loan losses	82	(25)	462	216	183
Losses charged-off				(16)	(38)
Recoveries	162	7	171	15	160
Balance, end of period	3,780	3,057	3,780	3,057	3,147
Ending balance: individually evaluated for impairment	509	386	509	386	383
Ending balance: collectively evaluated for impairment	3,271	2,671	3,271	2,671	2,764
Ending balance: individually evaluated for impairment	8,163	9,015	8,163	9,015	8,471
Ending balance: collectively evaluated for impairment	271,112	205,905	271,112	205,905	218,938
Total	279,275	214,920	279,275	214,920	227,409
1-4 Family Owner Occupied
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,483	2,015	1,804	2,127	2,127
Provision for (recovery from) loan losses	(46)	(2)	(367)	(251)	(323)
Recoveries	3		3	137
Balance, end of period	1,440	2,013	1,440	2,013	1,804
Ending balance: individually evaluated for impairment	388	746	388	746	719
Ending balance: collectively evaluated for impairment	1,052	1,267	1,052	1,267	1,085
Ending balance: individually evaluated for impairment	10,112	10,003	10,112	10,003	9,385
Ending balance: collectively evaluated for impairment	89,549	94,149	89,549	94,149	88,246
Total	99,661	104,152	99,661	104,152	97,631
Multifamily
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	2,988	2,368	2,705	1,994	1,994
Provision for (recovery from) loan losses	44	143	325	519	713
Losses charged-off				(3)	(3)
Recoveries			2	1	1
Balance, end of period	3,032	2,511	3,032	2,511	2,705
Ending balance: collectively evaluated for impairment	3,032	2,511	3,032	2,511	2,705
Ending balance: collectively evaluated for impairment	177,181	150,160	177,181	150,160	158,200
Total	177,181	150,160	177,181	150,160	158,200
Nonresidential
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,739	1,210	1,320	1,298	1,298
Provision for (recovery from) loan losses	(205)	16	209	(76)	13
Losses charged-off				(1)
Recoveries	1	2	6	7	9
Balance, end of period	1,535	1,228	1,535	1,228	1,320
Ending balance: individually evaluated for impairment	40	265	40	265	261
Ending balance: collectively evaluated for impairment	1,495	963	1,495	963	1,059
Ending balance: individually evaluated for impairment	3,406	6,503	3,406	6,503	6,459
Ending balance: collectively evaluated for impairment	149,286	104,308	149,286	104,308	115,041
Total	152,692	110,811	152,692	110,811	121,500
Construction and Land
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	753	486	615	502	502
Provision for (recovery from) loan losses	243	61	381	125	193
Losses charged-off				(85)	(85)
Recoveries				5	5
Balance, end of period	996	547	996	547	615
Ending balance: collectively evaluated for impairment	996	547	996	547	615
Ending balance: individually evaluated for impairment	1,075	1,040	1,075	1,040	1,145
Ending balance: collectively evaluated for impairment	51,408	25,514	51,408	25,514	29,195
Total	52,483	26,554	52,483	26,554	30,340
Business
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	148	585	597	709	709
Provision for (recovery from) loan losses	(94)	(89)	(713)	(743)	(845)
Losses charged-off			(34)
Recoveries	92	92	296	622	733
Balance, end of period	146	588	146	588	597
Ending balance: individually evaluated for impairment					10
Ending balance: collectively evaluated for impairment	146	588	146	588	587
Ending balance: individually evaluated for impairment	513	648	513	648	615
Ending balance: collectively evaluated for impairment	15,087	15,232	15,087	15,232	15,104
Total	15,600	15,880	15,600	15,880	15,719
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	8	18	17	12	12
Provision for (recovery from) loan losses	4	12	(10)	14	9
Losses charged-off	(6)	(13)	(5)	(13)	(13)
Recoveries	2	3	6	7	9
Balance, end of period	8	20	8	20	17
Ending balance: collectively evaluated for impairment	8	20	8	20	17
Ending balance: collectively evaluated for impairment	943	883	943	883	843
Total	943	$ 883	943	$ 883	$ 843
Unallocated
Financing Receivable Allowance For Credit Losses [Line Items]
Provision for (recovery from) loan losses	210		210
Balance, end of period	210		210
Unallocated	$ 210		$ 210

Information Relates to Impaired

Information Relates to Impaired Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 25,376	$ 28,376
Recorded Investment With No Allowance	14,022	13,154
Recorded Investment With Allowance	9,247	12,921
Total Recorded Investment	23,269	26,075
Related Allowance	937	1,373
Average Recorded Investment	25,444	28,641
Interest Income Recognized on Cash Basis	844	981
1-4 Family
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	19,582	19,367
Recorded Investment With No Allowance	9,527	7,507
Recorded Investment With Allowance	8,748	10,349
Total Recorded Investment	18,275	17,856
Related Allowance	897	1,102
Average Recorded Investment	18,099	20,131
Interest Income Recognized on Cash Basis	696	722
Multifamily
Financing Receivable Impaired [Line Items]
Average Recorded Investment		309
Nonresidential Properties
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	4,028	7,096
Recorded Investment With No Allowance	2,907	3,897
Recorded Investment With Allowance	499	2,562
Total Recorded Investment	3,406	6,459
Related Allowance	40	261
Average Recorded Investment	5,690	6,541
Interest Income Recognized on Cash Basis	130	235
Construction and Land
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	1,211	1,241
Recorded Investment With No Allowance	1,075	1,145
Total Recorded Investment	1,075	1,145
Average Recorded Investment	1,082	912
Business
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	555	672
Recorded Investment With No Allowance	513	605
Recorded Investment With Allowance		10
Total Recorded Investment	513	615
Related Allowance		10
Average Recorded Investment	573	748
Interest Income Recognized on Cash Basis	$ 18	$ 24

Schedule of Troubled Debt Restr

Schedule of Troubled Debt Restructuring (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)Loan	Dec. 31, 2016Loan
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan	1	0
Loans Restructured, Pre-Modification Recorded Balance	$ 176
Loans Restructured, Post-Modification Recorded Balance	$ 176
All TDRs with a payment default within 12 months following modification, Number of Loans | Loan	0	0
Mortgage Loans | 1-4 Family
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan	1
Loans Restructured, Pre-Modification Recorded Balance	$ 176
Loans Restructured, Post-Modification Recorded Balance	$ 176
Mortgage and Nonmortgage Loans
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan	1
Loans Restructured, Pre-Modification Recorded Balance	$ 176
Loans Restructured, Post-Modification Recorded Balance	$ 176
Combination of Rate, Maturity, Other
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans | Loan	1
Loans Restructured, Pre-Modification Recorded Balance	$ 176
Loans Restructured, Post-Modification Recorded Balance	$ 176

Summary of Premises and Equipme

Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 43,936	$ 43,030
Less accumulated depreciation and amortization	(18,207)	(17,002)
Property, plant and equipment, net	25,729	26,028
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,979	3,979
Building Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	15,972	15,972
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	19,535	19,280
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 4,450	$ 3,799

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Property Plant And Equipment [Abstract]
Depreciation and amortization	$ 402	$ 411	$ 1,205	$ 1,251

Deposits - Summarized Deposits

Deposits - Summarized Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Banking And Thrift [Abstract]
Demand	$ 93,020	$ 78,792
NOW/IOLA accounts	26,969	25,692
Money market accounts	50,530	42,788
Savings accounts	127,521	127,085
Total savings, NOW and money market	205,020	195,565
Certificates of deposit of $250K or more	119,598	90,267
All other certificates of deposit	281,017	278,454
Total certificates of deposit	400,615	368,721
Total interest-bearing deposits	605,635	564,286
Total deposits	$ 698,655	$ 643,078

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Banking And Thrift [Abstract]
2,018	$ 155,114	$ 168,940
2,019	86,277	69,973
2,020	44,690	40,690
2,021	69,017	35,327
2,022	45,517	53,791
Total certificates of deposit	$ 400,615	$ 368,721

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Banking And Thrift [Abstract]
Overdrawn deposit reclassified to loans amounted	$ 137	$ 149

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Disclosure [Abstract]
Advance from the Federal Home Loan Bank	$ 15,000		$ 15,000		$ 3,000
Guarantee from the FHLB through a standby letter of credit	7,887		7,887		3,583
Unsecured fed fund line amount	22,000		22,000
Interest expense on FHLB advances	66	$ 1	126	$ 7
Collateral mortgage loans available to secure advances from the FHLB	190,546		190,546		164,843
Bank's ability to borrow under repurchase agreements	25,000		25,000		25,000
Securities sold under repurchase agreements	0		0		$ 0
Interest expense on securities sold under repurchase agreements	$ 0	$ 0	$ 0	$ 0

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowed Funds FHLB Advances Maturity and Call Date (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Overnight line of credit advance		$ 3,000
2,021	$ 3,000
2,022	5,000
2,023	7,000
Total	15,000	3,000
Overnight line of credit advance		3,000
2,021	3,000
2,022	5,000
2,023	7,000
Total	$ 15,000	$ 3,000
Overnight line of credit advance		0.78%
2,021	1.84%
2,022	1.97%
2,023	2.12%
Total	2.01%

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Federal:
Current	$ 452	$ 217	$ 1,333	$ (266)
Deferred	(1,847)	181	(1,715)	1,378
Federal income tax provision (benefit)	(1,395)	398	(382)	1,112
State and local:
Current	54	78	156	(182)
Deferred	(881)	(697)	(1,261)	(991)
State and local income tax provision (benefit)	(827)	(619)	(1,105)	(1,173)
Changes in valuation allowance	579	460	830	907
Provision (benefit) for income taxes	$ (1,643)	$ 239	$ (657)	$ 846

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Taxes [Line Items]
Income tax benefit	$ 1,643,000	$ (239,000)	$ 657,000	$ (846,000)
Federal income tax rate	34.00%	34.00%	34.00%	34.00%
Change in valuation allowance	$ (579,000)	$ (460,000)	$ (830,000)	$ (907,000)
NEW YORK
Income Taxes [Line Items]
Unrecognized tax benefits	0		0		$ 0
Change in valuation allowance	$ 579,000	$ 460,000	830,000	$ 907,000
Foundation Expense
Income Taxes [Line Items]
Income tax benefit			$ 2,479,000

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Income tax, at federal rate	$ (1,650)	$ 177	$ (741)	$ 691
State and local tax, net of federal taxes	(99)	(398)	(273)	(752)
Valuation allowance, net of the federal benefit	106	460	357	907
Provision (benefit) for income taxes	$ (1,643)	$ 239	$ (657)	$ 846

Income Taxes - Significant Defe

Income Taxes - Significant Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Deferred tax assets:
Allowance for losses on loans	$ 4,709	$ 4,352
Accrued expenses
Interest on nonaccrual loans	363	525
Unrealized loss on available-for-sale securities	61	86
Amortization of intangible assets	201	219
Deferred rent payable	233	212
Net operating losses	1,631	1,340
Charitable contribution carryforward	2,479
Other	10	20
Total gross deferred tax assets	9,687	6,754
Deferred tax liabilities:
Cumulative contribution in excess of net periodic benefit costs, net	1,146	1,179
Depreciation and amortization of premises and equipment	240	426
Deferred loan fees	441	303
Other	17	17
Total gross deferred tax liabilities	1,844	1,925
Valuation allowance	2,280	1,450
Net deferred tax assets	$ 5,563	$ 3,379

Compensation and Benefit Plan62

Compensation and Benefit Plans - Summary Of Pension Plan Funded Status and Amounts Recognized in Financial Condition Statements (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]
Projected benefit obligation	$ (14,032)	$ (14,903)	$ (14,142)	$ (14,032)	$ (14,142)
Fair value of plan assets				14,814	15,038
Funded status				782	896
Accumulated benefit obligation				$ (14,032)	$ (14,142)
Changes in benefit obligation:
Beginning of period	14,142	14,903	14,903
Service cost	40	29	39
Interest cost	581	$ 461	615
(Gain)/ Loss	45		(523)
Administrative cost	(40)		(39)
Benefits paid	(736)		(853)
End of period	$ 14,032		$ 14,142

Compensation and Benefit Plan63

Compensation and Benefit Plans - Benefit Costs Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax [Abstract]
Net loss	$ (9,302)	$ (9,332)

Compensation and Benefit Plan64

Compensation and Benefit Plans - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax [Abstract]
Service cost	$ 40	$ 29	$ 39
Interest cost	581	461	$ 615
Expected return on plan assets	(840)	(636)
Amortization of prior service cost	25	19
Amortization of (gain)/loss	234	186
Net periodic benefit cost	$ 40	$ 59

Compensation and Benefit Plan65

Compensation and Benefit Plans - Weighted Average Assumptions Used to Determine Net Benefit Obligations (Detail)	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Weighted Average Assumptions Used In Calculating Benefit Obligation [Abstract]
Discount rate	4.25%	4.25%
Rate of compensation increase	0.00%	0.00%

Compensation and Benefit Plan66

Compensation and Benefit Plans - Weighted Average Assumptions Used to Determine Net Benefit Cost (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Weighted Average Assumptions Used In Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.25%	4.25%
Rate of compensation increase	0.00%	0.00%
Expected long-term rate of return on assets	6.00%	6.00%

Compensation and Benefit Plan67

Compensation and Benefit Plans - Additional Information (Detail) - USD ($)	Sep. 29, 2017	Sep. 30, 2017	Dec. 31, 2016
Compensation And Benefit Plans Disclosure [Line Items]
Fair value of pension plan assets		$ 14,814,000	$ 15,038,000
Employer contributions to 401(k) plan		$ 0	339,000
Maximum employer matching contribution percentage		4.00%
Number of ESOP shares purchased		723,751
Employee Stock Ownership Plan
Compensation And Benefit Plans Disclosure [Line Items]
ESOP borrowed amount		$ 7,238,000
Number of ESOP shares purchased	723,751
ESOP shares purchased expressed as percentage of common stock sold in stock offering	3.92%
Expected period of loan repaid		15 years
Fair Value Measurements
Compensation And Benefit Plans Disclosure [Line Items]
Fair value of pension plan assets		$ 14,814,000	$ 15,296,000

Compensation and Benefit Plan68

Compensation and Benefit Plans - Employer Contributions and Benefit Payments (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]
Employer contribution		$ 870
Benefits paid	$ 736	$ 853

Compensation and Benefit Plan69

Compensation and Benefit Plans - Expected Employee Benefit Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Estimated Future Benefit Payments [Abstract]
2,017	$ 118	$ 854
2,018	841	841
2,019	840	840
2,020	818	818
2,021	798	798
Thereafter	3,841	3,841
Total expected employee benefit payments	$ 7,256	$ 7,992

Compensation and Benefit Plan70

Compensation and Benefit Plans - Schedule of Employee Stock Ownership Plan (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
New shares purchased (in shares) | shares	723,751
Balance at end of period (in shares) | shares	723,751
New shares purchased (in amount) | $	$ 7,238
Balance at end of period (in amount) | $	$ 7,238

Commitments, Contingencies an71

Commitments, Contingencies and Credit Risk - Financial Instruments Whose Contractual Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 89,681	$ 63,704
Commitments to Grant Mortgage Loans
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	47,225	33,813
Unfunded Commitments Under Lines of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	35,721	27,404
Standby Letters of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 6,735	$ 2,487

Commitments, Contingencies an72

Commitments, Contingencies and Credit Risk - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Lease expiration year			2,031
Net rental expenses under operating leases	$ 348	$ 330	$ 1,057	$ 1,001

Commitments, Contingencies an73

Commitments, Contingencies and Credit Risk - Projected Minimum Rental Payments under Terms of Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Operating Leases Future Minimum Payments Due [Abstract]
2,017	$ 337	$ 1,062
2,018	1,200	990
2,019	1,170	1,011
2,020	1,204	1,041
2,021	1,240	1,072
Thereafter	8,930	6,654
Projected minimum rental payments	$ 14,081	$ 11,830

Fair Value - Assets Measured at

Fair Value - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 29,312	$ 52,690
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	29,312	52,690
U.S. Government and Federal Agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	24,695	41,559
U.S. Government and Federal Agencies | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	24,695	41,559
Certificates of Deposit
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		500
Certificates of Deposit | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		500
FHLMC Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		216
FHLMC Certificates | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		216
FNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	1,194	3,606
FNMA Certificates | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	1,194	3,606
GNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	3,423	6,809
GNMA Certificates | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 3,423	$ 6,809

Fair Value - Assets Measured 75

Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Impaired Loans
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 23,269	$ 26,075
Impaired Loans | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 23,269	26,075
Loans Held For Sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis		2,143
Loans Held For Sale | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis		$ 2,143

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans held for sale		$ 2,143
Pension plan asset	$ 14,814	15,038
Carrying Amount
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	56,345	11,716
Investment securities	29,312	52,690
Loans held for sale		2,143
Loans receivable, net	767,721	642,148
Accrued interest receivable	3,132	2,707
FHLB stock	1,448	964
Pension plan asset	14,033	15,038
Demand deposits	93,020	78,792
Interest-bearing deposits	205,020	195,565
Certificates of deposit	400,615	368,721
Advance payments by borrowers for taxes and insurance	5,967	3,882
Advances from FHLB	15,000	3,000
Accrued interest payable	32	28
Fair Value Measurements
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	56,345	11,716
Investment securities	29,312	52,690
Loans held for sale		2,143
Loans receivable, net	784,611	660,706
Accrued interest receivable	3,132	2,707
FHLB stock	1,448	964
Pension plan asset	14,814	15,296
Demand deposits	93,020	78,792
Interest-bearing deposits	205,020	195,565
Certificates of deposit	406,185	368,721
Advance payments by borrowers for taxes and insurance	5,967	3,882
Advances from FHLB	15,000	3,000
Accrued interest payable	32	28
Fair Value Measurements | Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	56,345	11,716
FHLB stock	1,448	964
Demand deposits	93,020	78,792
Interest-bearing deposits	205,020	195,565
Advances from FHLB	15,000	3,000
Fair Value Measurements | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment securities	29,312	52,690
Loans held for sale		2,143
Accrued interest receivable	3,132	2,707
Certificates of deposit	406,185	368,721
Advance payments by borrowers for taxes and insurance	5,967	3,882
Accrued interest payable	32	28
Fair Value Measurements | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans receivable, net	784,611	660,706
Pension plan asset	$ 14,814	$ 15,296

Regulatory Capital Requiremen77

Regulatory Capital Requirements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2015	Sep. 30, 2017	Dec. 31, 2016
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital buffer			13.40%	11.20%
Minimum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer		0.00%
Maximum | Scenario Forecast
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer	2.50%

Regulatory Capital Requiremen78

Regulatory Capital Requirements - Summary of Actual Capital Amounts and Ratios As Compared to Regulatory Requirements (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
PDL Community Bancorp
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 183,135
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	174,763
Common Equity Tier 1 Capital Ratio, Actual Amount	174,763
Tier 1 Capital to Total Assets, Actual Amount	$ 174,763
Total Capital to Risk-Weighted Assets, Actual Ratio	27.47%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	26.21%
Common Equity Tier 1 Capital Ratio, Actual Ratio	26.21%
Tier 1 Capital to Total Assets, Actual Ratio	19.48%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 53,342
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	40,006
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	30,005
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 35,886
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 66,677
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	53,342
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	43,340
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 44,857
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%
Ponce Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 142,283	$ 106,190
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	133,940	99,240
Common Equity Tier 1 Capital Ratio, Actual Amount	133,940	99,240
Tier 1 Capital to Total Assets, Actual Amount	$ 133,940	$ 99,240
Total Capital to Risk-Weighted Assets, Actual Ratio	21.41%	19.21%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	20.15%	17.96%
Common Equity Tier 1 Capital Ratio, Actual Ratio	20.15%	17.96%
Tier 1 Capital to Total Assets, Actual Ratio	14.91%	13.32%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 53,176	$ 44,217
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	39,882	33,163
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	29,911	24,872
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 35,942	$ 29,805
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 66,470	$ 55,271
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	53,176	44,217
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	43,205	35,926
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 44,928	$ 37,256
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Components of Accumulated Other

Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), net of tax	$ (7)	$ 505
Unrealized gains (losses) on securities available for sale
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	(166)	(370)
Other comprehensive income (loss), net of tax	48	204
Accumulated other comprehensive income (loss) ending balance	(118)	(166)
Unrealized gains (losses) on pension benefits
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	(6,084)	(6,385)
Other comprehensive income (loss), net of tax	(55)	301
Accumulated other comprehensive income (loss) ending balance	(6,139)	(6,084)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive income (loss) beginning balance	(6,250)	(6,755)
Accumulated other comprehensive income (loss) ending balance	$ (6,257)	$ (6,250)

Aggregate Loan Transactions wit

Aggregate Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Receivables [Abstract]
Beginning balance	$ 1,509	$ 1,677	$ 1,573	$ 1,728
Payments	(28)	(28)	(92)	(79)
Ending balance	$ 1,481	$ 1,649	$ 1,481	$ 1,649

Transactions With Related Par81

Transactions With Related Parties - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Deposits from officers and directors	$ 5,632	$ 6,856