Mid-Southern Bancorp (MSVB) 10-K 22 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 11, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Mid-Southern Bancorp, Inc.
Entity Central Index Key	0001734875
Trading Symbol	msvb
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		0
Entity Public Float			$ 0
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks		$ 884	$ 1,151
Interest-bearing deposits with banks		11,816	6,313
Cash and cash equivalents		12,700	7,464
Securities available for sale, at fair value		53,140	45,716
Securities held to maturity		100	163
Loans, net		126,293	114,896
Federal Home Loan Bank stock, at cost		778	778
Foreclosed real estate			176
Real estate held for sale		239	270
Premises and equipment		1,928	2,032
Accrued interest receivable:
Loans		435	421
Securities		396	241
Cash value of life insurance		3,718	3,642
Other assets		935	878
Total Assets		200,662	176,677
Deposits:
Noninterest-bearing		18,334	18,008
Interest-bearing		132,774	133,885
Total deposits		151,108	151,893
Accrued expenses and other liabilities		711	630
Total Liabilities		151,819	152,523
STOCKHOLDERS' EQUITY
Preferred stock, 1,000,000 shares authorized, $0.01 par value, no shares issued and outstanding
Common stock, 30,000,000 shares authorized, $0.01 par value at December 31, 2018, 10,000,000 shares authorized, $1 par value at December 31, 2017; 3,565,430 shares issued and 3,565,196 shares outstanding at December 31, 2018; 3,452,696 shares issued and 3,447,225 shares outstanding at December 31, 2017	[1]	36	1,472
Additional paid-in capital		30,302	3,501
Retained earnings, substantially restricted		20,672	19,326
Accumulated other comprehensive loss		(166)	(47)
Unearned ESOP shares		(1,997)
Unearned stock compensation plan		(1)	(3)
Treasury stock, at cost - 234 shares (5,471 in 2017)	[1]	(3)	(95)
Total Stockholders' Equity		48,843	24,154
Total Liabilities and Stockholders' Equity		$ 200,662	$ 176,677
[1]	Share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). See Note 1 to the consolidated financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	30,000,000	10,000,000
Common stock, no par value (in dollars per share)	$ 0.01	$ 1
Common stock, shares issued	3,565,430	3,452,696
Common stock, shares outstanding	3,565,196	3,447,225
Treasury stock, shares	234	5,471

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
INTEREST INCOME
Loans, including fees		$ 5,801	$ 5,367
Investment securities:
Mortgage-backed securities		448	486
Municipal tax exempt		473	214
Other debt securities		278	307
Federal Home Loan Bank dividends		40	33
Interest-bearing deposits with banks and time deposits		236	71
Total interest income		7,276	6,478
INTEREST EXPENSE
Deposits		714	655
Borrowings		15
Total interest expense		729	655
Net interest income		6,547	5,823
Recapture of provision for loan losses		(200)	(700)
Net interest income after provision for loan losses		6,747	6,523
NONINTEREST INCOME
Net gain on sales of securities available for sale			39
Increase in cash value of life insurance		73	74
Other income		42	42
Total noninterest income		840	884
NONINTEREST EXPENSE
Compensation and benefits		3,043	2,717
Occupancy and equipment		437	510
Data processing		907	711
Professional fees		478	356
Net loss on foreclosed real estate		17	30
Impairment loss on land		31	55
Directors' fees		172	151
Debit and credit card expense		92	88
Supervisory examinations		76	72
Deposit insurance premiums		54	52
Other expenses		572	510
Total noninterest expense		5,879	5,252
Income before income taxes		1,708	2,155
Income tax expense		295	982
Net Income		$ 1,413	$ 1,173
Earnings per common share:
Basic (in dollars per share)	[1]	$ 0.41	$ 0.34
Diluted (in dollars per share)	[1]	$ 0.41	$ 0.34
Deposit account service charges
NONINTEREST INCOME
Fees and commission		$ 371	$ 407
ATM and debit card fee income
NONINTEREST INCOME
Fees and commission		$ 354	$ 322
[1]	Per share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). See Note 1 to the consolidated financial statements.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,413	$ 1,173
Change in net unrealized loss on securities available for sale:
Net unrealized holding (losses) gains arising during the period	(159)	271
Income tax benefit (expense)	40	(105)
Net of tax amount	(119)	166
Reclassification adjustment for realized gains included in net income during the period		(39)
Income tax expense		15
Net of tax amount		(24)
Other Comprehensive (Loss) Income, net of tax	(119)	142
Total Comprehensive Income	$ 1,294	$ 1,315

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Unearned ESOP Shares	Unearned Stock Compensation	Treasury Stock	Total
Balances at Dec. 31, 2016		$ 1,472	$ 3,499	$ 18,233	$ (181)	$ 0	$ (5)	$ (93)	$ 22,925
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,173					1,173
Other comprehensive income (loss)					142				142
Cash dividends to Mid-Southern, M.H.C. ($0.03 per share)	[1]			(62)					(62)
Cash dividends to minority stockholders ($0.03 per share)	[1]			(26)					(26)
Reclassification - income tax effect of change in federal tax rate				8	(8)
Forfeiture of unearned stock awards							2	(2)
Grant of common stock for stock compensation			2				(2)
Stock compensation expense							2		2
Balances at Dec. 31, 2017		1,472	3,501	19,326	(47)		(3)	(95)	24,154
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,413					1,413
Other comprehensive income (loss)					(119)				(119)
Cash dividends ($0.02 per share)				(67)					(67)
Corporate reorganization conversion and stock issuance		(1,438)	23,812						22,374
Corporate Reorganization Purchase By Esop Trust		2	2,046			(2,048)
Corporate reorganization treasury stock retired			(95)					95
Corporate reorganization Contribution of Mid-Southern, MHC			1,023						1,023
Shares released by ESOP trust			13			51			64
Forfeiture of unearned stock awards							3	(3)
Grant of common stock for stock compensation			2				(2)
Stock compensation expense							1		1
Balances at Dec. 31, 2018		$ 36	$ 30,302	$ 20,672	$ (166)	$ (1,997)	$ (1)	$ (3)	$ 48,843
[1]	Per share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). See Note 1 to the consolidated financial statements.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividend to Mid-Southern,M.H.C, per share amount		$ 0.03
Cash dividend to minority stockholders, per share amount		$ 0.03
Cash dividend, per share amount	$ 0.02

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,413	$ 1,173
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities, net	214	181
Recapture of provision for loan losses	(200)	(700)
Stock compensation expense	1	2
Depreciation expense	124	139
ESOP compensation expense	64
Impairment loss on land	31	55
Deferred income taxes	55	621
Increase in cash value of life insurance	(73)	(74)
Net realized and unrealized loss on foreclosed real estate	6	0
Net gain on sales of securities available for sale		(39)
(Increase) decrease in accrued interest receivable	(169)	15
Net change in other assets and liabilities	1,061	(40)
Net Cash Provided By Operating Activities	2,527	1,333
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturities of time deposits		999
Purchases of securities available for sale	(17,203)	(10,050)
Principal collected on mortgage-backed securities available for sale	8,390	3,486
Proceeds from maturities of securities available for sale	1,015
Proceeds from sales of securities available for sale		5,078
Principal collected on mortgage-backed securities held to maturity	23	77
Proceeds from maturities of securities held to maturity	40	45
Net (increase) decrease in loans receivable	(11,380)	96
Proceeds from the sale of foreclosed real estate	353	367
Purchase of premises and equipment	(48)	(21)
Investment in cash value of life insurance	(3)	(4)
Net Cash (Used In) Provided By Investing Activities	(18,813)	73
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in deposits	(785)	(2,165)
Proceeds from issuance of common stock	22,374
Cash dividends paid	(67)
Cash dividends paid to Mid-Southern, M.H.C.		(62)
Cash dividends paid to minority stockholders of Bank		(26)
Net Cash Provided By (Used In) Financing Activities	21,522	(2,253)
Net Increase (Decrease) in Cash and Cash Equivalents	5,236	(847)
Cash and cash equivalents at beginning of year	7,464	8,311
Cash and Cash Equivalents at End of Year	$ 12,700	$ 7,464

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Conversion and Stock Issuance Mid-Southern Bancorp, Inc. (the "Company"), an Indiana corporation, was organized by Mid-Southern, M.H.C. (the "MHC") and Mid-Southern Savings Bank, FSB (the "Bank") to facilitate the "second-step" conversion of the Bank from the mutual holding company structure to the stock holding company structure (the "Conversion"). Upon consummation of the Conversion, which occurred on July 11, 2018, the Company became the holding company for the Bank and now owns all of the issued and outstanding shares of the Bank's common stock. In connection with the Conversion, the Company sold 2,559,871 shares of common stock at a price of $10.00 per share in an offering to certain depositors of the Bank and others, including 204,789 shares purchased by the Bank's employee stock ownership plan ("ESOP") funded by a loan from the Company (see Note 11). Proceeds from the offering, net of $1.2 million in expenses, totaled $24.4 million. The Company used $2.0 million of the net proceeds to fund the ESOP and made a $10.2 million capital contribution to the Bank. Concurrent with the offering, shares of Bank common stock owned by public stockholders were exchanged for 2.3462 shares of the Company's common stock, with cash being paid in lieu of issuing fractional shares. As a result of the offering, exchange and cash in lieu of fractional shares, the Company issued 3,565,430 shares. Share and per share amounts as of and for the year ended December 31, 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). The Conversion has been accounted for as a change in corporate form with the historic basis of the Bank's assets, liabilities and equity unchanged as a result. Nature of Operations The Company's principal business is the ownership and operation of the Bank. The Bank is a federal savings bank that provides a variety of banking services to individuals and business customers through its main office, two full-service branch offices and one loan production office in southern Indiana. The Bank's primary source of revenue is single-family residential mortgage loans. Mid-Southern Investments, Inc. (the "Subsidiary") is a wholly-owned subsidiary of the Bank that holds and manages an investment securities portfolio. Basis of Presentation, Consolidation and Reclassifications The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and conform to general practices within the banking industry. As an "emerging growth company" as defined in Title 1 of the Jumpstart Our Business Startups ("JOBS") Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of December 31, 2018, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated. At December 31, 2017, the Bank was a 70.83% owned subsidiary of the MHC. The accompanying consolidated financial statements as of and for the year ended December 31, 2017 include only the accounts of the Bank and the Subsidiary. Certain prior year amounts have been reclassified to conform to the current year presentation. The reclassifications had no effect on net income or stockholders' equity. Statements of Cash Flows For purposes of the statement of cash flows, the Company has defined cash and cash equivalents as cash on hand, amounts due from banks (including cash items in process of clearing) and interest-bearing deposits with other banks having an original maturity of 90 days or less. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. A majority of the loan portfolio consists of single-family residential and commercial real estate loans in the southern Indiana area. Accordingly, the ultimate collectability of a substantial portion of the loan portfolio and the recovery of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. While management uses available information to recognize losses on loans and foreclosed real estate, further changes in the carrying amounts of loans and foreclosed real estate may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans and foreclosed real estate. Such agencies may require the Company to recognize additional changes based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans and foreclosed real estate may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Investment Securities Securities Available for Sale Securities Held to Maturity Debt securities held by the Company include mortgage-backed securities and other debt securities issued by the Government National Mortgage Association ("GNMA"), a U.S. government agency, and mortgage-backed securities and collateralized mortgage obligations issued by the Federal National Mortgage Association ("FNMA") and the Federal Home Loan Mortgage Corporation ("FHLMC"), which are government-sponsored enterprises. Mortgage-backed securities ("MBS") represent participating interests in pools of long-term first mortgage loans originated and serviced by the issuers of the securities. Collateralized mortgage obligations ("CMO") are complex mortgage-backed securities that restructure the cash flows and risks of the underlying mortgage collateral. The Company also holds debt securities issued by municipalities and political subdivisions of state and local governments. Declines in the fair value of individual available for sale and held to maturity securities below their amortized cost that are other than temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. The Bank is a member of the Federal Home Loan Bank of Indianapolis ("FHLB"). 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 in the consolidated statements of income. Loans and Allowance for Loan Losses Loans Held for Investment Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Company's customers to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. Nonaccrual Loans The recognition of income on a loan is discontinued and previously accrued interest is reversed when interest or principal payments become 90 days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls 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. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals or valuations are generally obtained for all significant properties (if the value is estimated to exceed $100,000) when a loan is identified as impaired. Subsequent appraisals are obtained or an internal evaluation is prepared annually, or more frequently if management believes there has been a significant change in the market value of a collateral property securing a collateral dependent impaired loan. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment evaluation on the original appraisal with adjustments for current conditions based on management's assessment of market factors and inspection of the property. Troubled Debt Restructurings Modification of a loan is considered to be a troubled debt restructuring ("TDR") if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company's determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. A TDR can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the restructuring. A TDR on nonaccrual status is restored to accrual status when the borrower has demonstrated the ability to make future payments in accordance with the restructured terms, including consistent and timely payments for at least six consecutive months in accordance with the restructured terms. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Additions to the allowance for loan losses are made by the provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful or substandard. For such loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by portfolio segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the Company's actual loss history over the most recent 20 calendar quarters unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company's historical loss experience is then adjusted for qualitative factors that are reviewed on a quarterly basis. Management's determination of the allowance for loan losses considers changes and trends in the following qualitative loss factors: loan administration, national and local economic conditions, new loan trends, past due and nonaccrual loans, collateral values, credit concentrations and other internal and external factors such as competition, legal and regulatory changes. Each qualitative factor is assigned a rating and a factor weight in determining the adjusted loss factors used in management's allowance for loan losses adequacy calculation. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. The following portfolio segments are considered in the allowance for loan loss analysis: one-to-four family residential real estate, multi-family residential real estate, construction, commercial real estate, commercial business, and consumer loans. Residential real estate loans primarily consist of loans to individuals for the purchase or refinance of their primary residence, with a smaller portion of the segment secured by non-owner-occupied residential investment properties and multi-family residential investment properties. The risks associated with residential real estate loans are closely correlated to the local housing market and general economic conditions, as repayment of the loans is primarily dependent on the borrower's or tenant's personal cash flow and employment status. The Company's construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects, and includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower's ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial real estate loans are comprised of loans secured by various types of collateral including farmland, office buildings, warehouses, retail space and mixed use buildings located in the Company's primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates or general business operating cash flows that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates and the general level of business activity. The Company generally obtains loan guarantees from financially capable parties for commercial real estate loans. Commercial business loans includes lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate and are generally made to finance capital expenditures or fund operations. Commercial loans contain risks related to the value of the collateral securing the loan and the repayment is primarily dependent upon the financial success and viability of the borrower. As with commercial real estate loans, the Company generally obtains loan guarantees from financially capable parties for commercial business loans. Consumer loans consist primarily of home equity lines of credit and other loans secured by junior liens on the borrower's personal residence, home improvement loans, automobile and truck loans, boat loans, mobile home loans, loans secured by savings deposits, and other personal loans. The risks associated with these loans are related to the local housing market and local economic conditions including the unemployment level. Loan Charge-Offs For portfolio segments other than consumer loans, the Company's practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower's failure to meet repayment terms, the borrower's deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan's classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the collectability of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company's historical loss experience used to estimate the general component of the allowance for loan losses as discussed above. Specific reserves are not considered charge-offs in management's evaluation of the general component of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. During 2018 and 2017, the Company recognized net partial charge-offs on loans totaling $51,000 and $19,000, respectively. At December 31, 2018, the Company had 13 loans with an aggregate recorded investment of $691,000 and an aggregate unpaid principal balance of $1.2 million on which net partial charge-offs of $279,000 had been recorded. At December 31, 2017, the Company had 15 loans with an aggregate recorded investment of $646,000 and an aggregate unpaid principal balance of $1.4 million on which net partial charge-offs of $389,000 had been recorded. Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 60 days past due. A charge-off is typically recorded on a loan secured by real estate when the property is foreclosed upon when the carrying value of the loan exceeds the property's fair value less the estimated costs to sell. Foreclosed Real Estate Foreclosed real estate includes formally foreclosed property and property obtained via a deed in lieu of foreclosure that is currently held for sale. At the time of foreclosure, foreclosed real estate is recorded at fair value less estimated costs to sell, which becomes the property's new basis. Any write-downs based on the property's fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less costs to sell. Costs incurred in maintaining foreclosed real estate and subsequent impairment adjustments to the carrying amount of a property, if any, are included in net loss on foreclosed real estate in the accompanying consolidated statements of income. Real Estate Held for Sale Real estate held for sale includes unimproved land originally purchased for future office development and is initially recorded at fair value less estimated costs to sell, establishing a new cost basis. Real estate held for sale is subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Subsequent impairment loss adjustments to the carrying amount of the property, if any, are reported in noninterest expense in the accompanying consolidated statements of income. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. The Company uses the straight line method of computing depreciation at rates adequate to amortize the cost of the applicable assets over their estimated useful lives. Maintenance and repairs are expensed as incurred. The cost and related accumulated depreciation of assets sold, or otherwise disposed of, are removed from the related accounts and any gain or loss is included in earnings. Cash Value of Life Insurance Life insurance policies have been purchased on certain directors, officers and key employees to offset costs associated with compensation and benefit programs. The Bank is the owner and is a joint or sole beneficiary of the policies. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contracts at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Income from the increase in cash surrender value of the policies and income from the realization of death benefits is reported in noninterest income. Income Taxes When income tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while other positions are subject to some degree of uncertainty regarding the merits of the position taken or the amount of the position that would be sustained. The Company recognizes the benefits of a tax position in the financial statements of the period during which, based on all available evidence, management believes it is more-likely-than-not (more than 50 percent probable) that the tax position would be sustained upon examination. Income tax positions that meet the more-likely-than-not threshold are measured as the largest amount of income tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with the income tax positions claimed on income tax returns that exceeds the amount measured as described above is reflected as a liability for unrecognized income tax benefits in the balance sheet, along with any associated interest and penalties that would be payable to the taxing authorities, if there were an examination. Interest and penalties associated with unrecognized income tax benefits are classified as additional income taxes in the consolidated statements of income. Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Income tax reporting and financial statement reporting rules differ in many respects. As a result, there will often be a difference between the carrying amount of an asset or liability as presented in the accompanying balance sheets and the amount that would be recognized as the tax basis of the same asset or liability computed based on the effects of tax positions recognized, as described in the preceding paragraph. These differences are referred to as temporary differences because they are expected to reverse in future years. Deferred income tax assets are recognized for temporary differences where their future reversal will result in future tax benefits. Deferred income tax assets are also recognized for the future tax benefits expected to be realized from net operating loss or tax credit carry forwards. Deferred income tax liabilities are recognized for temporary differences where their future reversal will result in the payment of future income taxes. Deferred income tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Deferred tax assets and liabilities are reflected at income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Stock-Based Compensation The Company has adopted the fair value based method of accounting for stock-based compensation prescribed in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 718-20, Compensation – Stock Compensation Employee Stock Ownership Plan The Bank has an ESOP covering substantially all employees. The cost of shares issued to the ESOP but not allocated or committed to be released for allocation to participant accounts is presented in the consolidated balance sheets as a reduction of stockholders' equity. Compensation expense is recognized for the fair value of shares committed to be released for allocation to participant accounts during the year. See Note 11. Advertising Costs Advertising costs are charged to operations when incurred. Comprehensive Income Comprehensive income consists of reported net income and other comprehensive income. Other comprehensive income, recognized as a separate component of equity, includes the change in unrealized gains or losses on securities available for sale. Amounts reclassified out of unrealized gains and losses on securities available for sale included in accumulated other comprehensive income or loss are included in net gain on sale of securities in the consolidated statements of income. 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. Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. Unallocated ESOP shares are not included as outstanding for either basic or diluted earnings per share calculations. Recent Accounting Pronouncements The following are summaries of recently issued accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (Topic 842), Targeted Improvements. I n June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) . The update replaces the incurred loss methodology for recognizing credit losses under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under the new guidance, an entity will measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The expected loss model will apply to loans and leases, unfunded lending commitments, held-to-maturity debt securities and other debt instruments measured at amortized cost. The impairment model for available-for-sale debt securities will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. For public business entities that are SEC filers, the amendments in the update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. The amendments in this ASU mitigate transition complexity by requiring that for nonpublic business entities, the amendments in ASU No. 2016-13 are effective for fiscal years beginning after December 1

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	(2) INVESTMENT SECURITIES Investment securities have been classified in the consolidated balance sheets according to management's intent. Investment securities at December 31, 2018 and 2017 are summarized as follows: Gross Gross (In thousands) Amortized Unrealized Unrealized Fair December 31, 2018: Cost Gains Losses Value Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,140 $ - $ 269 $ 8,871 Agency CMO 15,569 114 124 15,559 24,709 114 393 24,430 Other debt securities: Municipal obligations 28,653 267 210 28,710 Total securities available for sale $ 53,362 $ 381 $ 603 $ 53,140 Securities held to maturity: Agency MBS $ 55 $ 1 $ - $ 56 Municipal obligations 45 - - 45 Total securities held to maturity $ 100 $ 1 $ - $ 101 December 31, 2017: Securities available for sale: Mortgage-backed securities: Agency MBS $ 14,604 $ - $ 208 $ 14,396 Agency CMO 8,700 - 121 8,579 23,304 - 329 22,975 Other debt securities: Federal agency 1,000 - 1 999 Municipal obligations 21,474 343 75 21,742 Total securities available for sale $ 45,778 $ 343 $ 405 $ 45,716 Securities held to maturity: Agency MBS $ 78 $ 2 $ - $ 80 Municipal obligations 85 2 - 87 Total securities held to maturity $ 163 $ 4 $ - $ 167 The amortized cost and fair value of debt securities as of December 31, 2018 by contractual maturity are shown below. Expected maturities of MBS and CMO may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty and thus the contractual maturities are not presented below. Available for Sale Held to Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Due in one year or less $ 385 $ 385 $ 45 $ 45 Due after one year through five years 850 887 - - Due after five years through ten years 6,085 6,070 - - Due after ten years 21,333 21,368 - - 28,653 28,710 45 45 MBS and CMO 24,709 24,430 55 56 $ 53,362 $ 53,140 $ 100 $ 101 Information pertaining to securities with gross unrealized losses at December 31, 2018 and 2017, aggregated by investment category and the length of time that individual securities have been in a continuous loss position, follows: Number of Gross (Dollars in thousands) Investment Fair Unrealized December 31, 2018: Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Municipal obligations 7 $ 3,258 $ 19 Continuous loss position more than 12 months: Agency MBS 11 8,871 269 Agency CMO 6 5,666 124 Municipal obligations 21 11,611 191 Total more than 12 months 38 26,148 584 Total securities available for sale 45 $ 29,406 $ 603 December 31, 2017: Securities available for sale: Continuous loss position less than 12 months: Federal agency 1 $ 999 $ 1 Agency MBS 3 2,543 13 Agency CMO 4 4,777 12 Municipal obligations 4 2,539 13 Total less than 12 months 12 10,858 39 Continuous loss position more than 12 months: Agency MBS 12 11,848 195 Agency CMO 3 3,802 109 Municipal obligations 3 1,949 62 Total more than 12 months 18 17,599 366 Total securities available for sale 30 $ 28,457 $ 405 At December 31, 2018 and 2017, the Company did not have any debt securities in the held to maturity classification in a loss position. At December 31, 2018 and 2017, the debt securities in the available for sale classification in a loss position had depreciated approximately 2.01% and 1.40%, respectively, from the amortized cost basis. All of the debt securities in a loss position at December 31, 2018 and 2017 were backed by residential first mortgage loans or were obligations issued by federal or local government-sponsored enterprises. These unrealized losses relate principally to current interest rates for similar types of securities. In analyzing an issuer's financial condition for purposes of evaluating whether declines in value are other-than-temporary, management considers whether the securities are issued by the federal government, its agencies or sponsored enterprises or local governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer's financial condition. As the Company has the ability to hold the debt securities until maturity, or for the foreseeable future if classified as available for sale, no declines are deemed to be other-than-temporary. While management does not anticipate any credit-related impairment losses at December 31, 2018, additional deterioration in market and economic conditions may have an adverse impact on credit quality in the future. During the year ended December 31, 2017, the Company realized gross gains of $57,000 and gross losses of $18,000 on the sale of securities available for sale.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	(3) LOANS AND ALLOWANCE FOR LOAN LOSSES Loans at December 31, 2018 and 2017 consisted of the following: (In thousands) 2018 2017 Real estate mortgage loans: One-to-four family residential $ 80,322 $ 79,899 Multi-family residential 7,054 6,352 Residential construction - 108 Commercial real estate 27,153 22,315 Commercial real estate construction 5,100 2,061 Commercial business loans 5,939 3,875 Consumer loans 2,199 1,978 Total loans 127,767 116,588 Deferred loan origination fees and costs, net 30 31 Allowance for loan losses (1,504 ) (1,723 ) Loans, net $ 126,293 $ 114,896 The Company has entered into loan transactions with certain directors, officers and their affiliates (related parties). In the opinion of management, such indebtedness was incurred in the ordinary course of business on substantially the same terms as those prevailing at the time for comparable transactions with other persons and does not involve more than normal risk of collectability or present other unfavorable features. The following represents the aggregate activity for related party loans during the year ended December 31, 2018. The beginning balance has been adjusted to reflect new directors and officers, as well as directors and officers that are no longer with the Company. (In thousands) Balance, January 1, 2018 (as adjusted) $ 1,955 New loans 327 Payments (144 ) Balance, December 31, 2018 $ 2,138 The Company has pledged certain loans to secure future advances or other borrowings from the FHLB. At December 31, 2018, the eligible blanket collateral included residential mortgage loans with a carrying value of approximately $71.5 million. At December 31, 2018, there were no FHLB borrowings outstanding. The following table provides the components of the Company's recorded investment in loans at December 31, 2018: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 80,322 $ 7,054 $ 5,100 $ 27,153 $ 5,939 $ 2,199 $ 127,767 Accrued interest receivable 293 16 8 90 23 5 435 Net deferred loan fees/costs 16 (9 ) (31 ) (3 ) 10 47 30 Recorded investment in loans $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 The following table provides the components of the Company's recorded investment in loans at December 31, 2017: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 79,899 $ 6,352 $ 2,169 $ 22,315 $ 3,875 $ 1,978 $ 116,588 Accrued interest receivable 301 15 6 81 13 5 421 Net deferred loan fees/costs - (8 ) (6 ) (5 ) 7 43 31 Recorded investment in loans $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040 An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2018 is as follows: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total Allowance for Loan Losses: (In thousands) Beginning balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Provisions (38 ) (161 ) 27 (10 ) (13 ) (5 ) (200 ) Charge-offs (182 ) - - - (2 ) (16 ) (200 ) Recoveries 162 - 1 - 2 16 181 Ending balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 34 $ - $ - $ 22 $ 44 $ - $ 100 Collectively evaluated for impairment 978 59 48 237 54 28 1,404 Ending balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,623 $ - $ - $ 868 $ 470 $ - $ 3,961 Collectively evaluated for impairment 78,008 7,061 5,077 26,372 5,502 2,251 124,271 Ending balance $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2017 is as follows: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total Allowance for Loan Losses: (In thousands) Beginning balance $ 1,571 $ 338 $ 9 $ 404 $ 134 $ 47 $ 2,503 Provisions (443 ) (118 ) 11 (117 ) (23 ) (10 ) (700 ) Charge-offs (64 ) - - (19 ) - (18 ) (101 ) Recoveries 6 - - 1 - 14 21 Ending balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 56 $ - $ - $ 28 $ 58 $ - $ 142 Collectively evaluated for impairment 1,014 220 20 241 53 33 1,581 Ending balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,416 $ - $ - $ 1,628 $ 524 $ - $ 6,568 Collectively evaluated for impairment 75,784 6,359 2,169 20,763 3,371 2,026 110,472 Ending balance $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040 The following table summarizes the Company's impaired loans as of and for the year ended December 31, 2018. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2018. Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,212 $ 1,614 $ - $ 1,418 $ 11 Multi-family residential - - - - - Construction - - - - - Commercial real estate 394 398 - 563 8 Commercial business 50 49 - 37 2 Consumer - - - - - $ 1,656 $ 2,061 $ - $ 2,018 $ 21 Loans with an allowance recorded: One-to-four family residential $ 645 $ 691 $ 34 $ 687 $ 31 Multi-family residential - - - - - Construction - - - - - Commercial real estate 357 356 22 365 20 Commercial business 420 474 44 496 27 Consumer - - - - - $ 1,422 $ 1,521 $ 100 $ 1,548 $ 78 Total: One-to-four family residential $ 1,857 $ 2,305 $ 34 $ 2,105 $ 42 Multi-family residential - - - - - Construction - - - - - Commercial real estate 751 754 22 928 28 Commercial business 470 523 44 533 29 Consumer - - - - - $ 3,078 $ 3,582 $ 100 $ 3,566 $ 99 The following table summarizes the Company's impaired loans as of and for the year ended December 31, 2017. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2017. Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,492 $ 1,980 $ - $ 1,719 $ 9 Multi-family residential - - - - - Construction - - - - - Commercial real estate 684 761 - 810 12 Commercial business 11 10 - 12 - Consumer - - - 19 - $ 2,187 $ 2,751 $ - $ 2,560 $ 21 Loans with an allowance recorded: One-to-four family residential $ 718 $ 766 $ 56 $ 784 $ 32 Multi-family residential - - - - - Construction - - - - - Commercial real estate 335 348 28 426 21 Commercial business 514 573 58 574 30 Consumer - - - 2 - $ 1,567 $ 1,687 $ 142 $ 1,786 $ 83 Total: One-to-four family residential $ 2,210 $ 2,746 $ 56 $ 2,503 $ 41 Multi-family residential - - - - - Construction - - - - - Commercial real estate 1,019 1,109 28 1,236 33 Commercial business 525 583 58 586 30 Consumer - - - 21 - $ 3,754 $ 4,438 $ 142 $ 4,346 $ 104 Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at December 31, 2018 and 2017: Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) December 31, 2018: One-to-four family residential $ 978 $ - $ 978 Multi-family residential - - - Construction - - - Commercial real estate 313 - 313 Commercial business 4 - 4 Consumer - - - Total $ 1,295 $ - $ 1,295 December 31, 2017: One-to-four family residential $ 1,333 $ - $ 1,333 Multi-family residential - - - Construction - - - Commercial real estate 535 - 535 Commercial business 10 - 10 Consumer - - - Total $ 1,878 $ - $ 1,878 The following table presents the aging of the recorded investment in loans at December 31, 2018 and 2017: Over 90 30-59 Days 60-89 Days Days Total Total Past Due Past Due Past Due Past Due Current Loans December 31, 2018: (In thousands) One-to-four family residential $ 1,912 $ 853 $ 205 $ 2,970 $ 77,661 $ 80,631 Multi-family residential - - - - 7,061 7,061 Construction - - - - 5,077 5,077 Commercial real estate 232 98 - 330 26,910 27,240 Commercial business - - - - 5,972 5,972 Consumer - - - - 2,251 2,251 Total $ 2,144 $ 951 $ 205 $ 3,300 $ 124,932 $ 128,232 December 31, 2017: One-to-four family residential $ 1,599 $ 1,276 $ 512 $ 3,387 $ 76,813 $ 80,200 Multi-family residential - - - - 6,359 6,359 Construction - - - - 2,169 2,169 Commercial real estate 88 189 97 374 22,017 22,391 Commercial business 5 - - 5 3,890 3,895 Consumer - - - - 2,026 2,026 Total $ 1,692 $ 1,465 $ 609 $ 3,766 $ 113,274 $ 117,040 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: Substandard: Doubtful: Loss: Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. The following table presents the recorded investment in loans by risk category as of December 31, 2018 and 2017: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total December 31, 2018: (In thousands) Pass $ 78,487 $ 7,061 $ 5,077 $ 26,578 $ 5,502 $ 2,251 $ 124,956 Special mention - - - - - - - Substandard 2,144 - - 662 470 - 3,276 Doubtful - - - - - - - Loss - - - - - - - Total $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 December 31, 2017: Pass $ 77,205 $ 6,359 $ 2,169 $ 21,049 $ 3,371 $ 2,026 $ 112,179 Special mention - - - 50 - - 50 Substandard 2,995 - - 1,292 524 - 4,811 Doubtful - - - - - - - Loss - - - - - - - Total $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040 Troubled Debt Restructurings The following table summarizes the Company's TDRs by accrual status at December 31, 2018 and 2017: Related Allowance for Accruing Nonaccrual Total Loan Losses December 31, 2018: (In thousands) One-to-four family residential $ 879 $ - $ 879 $ 34 Commercial real estate 439 155 594 22 Commercial business 467 4 471 44 Total $ 1,785 $ 159 $ 1,944 $ 100 December 31, 2017: One-to-four family residential $ 877 $ - $ 877 $ 56 Commercial real estate 484 209 693 28 Commercial business 514 11 525 58 Total $ 1,875 $ 220 $ 2,095 $ 142 The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2018: Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (Dollars in thousands) One-to-Four Family Residential 1 $ 54 $ 82 Commercial real estate 1 159 159 Commercial business 1 3 4 Total 3 $ 216 $ 245 The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2017: Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (Dollars in thousands) Commercial real estate 1 $ 182 $ 182 Commercial business 1 12 16 Total 2 $ 194 $ 198 For TDRs that were restructured during the years ended December 31, 2018 and 2017, the terms of modifications included a reduction of the stated interest rate, extension of the maturity date, and the renewal or refinancing of loans where the debtor was unable to access funds elsewhere at a market interest rate for debt with similar risk characteristics. No charge-offs or provisions for loan losses were recorded as a result of TDRs during the years ended December 31, 2018 and 2017. At December 31, 2018 the Company had no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR. At December 31, 2017, commitments to lend additional funds to debtors whose loan terms have been modified in a TDR (both accruing and nonaccruing) totaled $377,000. These commitments represented the undisbursed portion of a commercial real estate secured line of credit to one borrower. There were no TDRs modified within the previous 12 months for which there was a subsequent default (defined as the loan becoming more than 90 days past due, being moved to nonaccrual status, or the collateral being foreclosed upon) during the year ended December 31, 2018 and 2017. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan. The Company did not recognize any provisions for loan losses or net charge-offs as a result of defaulted TDRs for the years ended December 31, 2018 and 2017.

FORECLOSED REAL ESTATE

FORECLOSED REAL ESTATE	12 Months Ended
	Dec. 31, 2018
Real Estate Owned [Abstract]
FORECLOSED REAL ESTATE	(4) FORECLOSED REAL ESTATE Foreclosed real estate activity was as follows for the years ended December 31, 2018 and 2017: (In thousands) 2018 2017 Balance as of January 1 $ 176 $ 314 Transfers from loans to foreclosed real estate 184 229 Direct write-downs - - Sales (360 ) (367 ) Balance as of December 31 $ - $ 176 The Company did not have any foreclosed residential real estate properties where physical possession has occurred at December 31, 2018. At December 31, 2017, the Company had $138,000 in foreclosed residential real estate properties where physical possession has occurred. At December 31, 2018 and 2017, the recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure was $170,000 and $290,000, respectively. Net loss on foreclosed real estate owned for the years ended December 31, 2018 and 2017 was as follows: (In thousands) 2018 2017 Net loss on sales $ 6 $ - Direct write-downs - - Operating expenses, net of rental income 11 30 $ 17 $ 30

REAL ESTATE HELD FOR SALE

REAL ESTATE HELD FOR SALE	12 Months Ended
	Dec. 31, 2018
Real Estate Held for Development and Sale [Abstract]
REAL ESTATE HELD FOR SALE	(5) REAL ESTATE HELD FOR SALE The Company reclassified from premises and equipment the $325,000 carrying value of land originally held for development of a future branch office to real estate held for sale in June 2017 upon listing the property for sale. Based on subsequent impairment assessments, impairment losses of $31,000 and $55,000 were recognized and are reported as a component of noninterest expense in the accompanying consolidated statements of income for years 2018 and 2017, respectively.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	(6) PREMISES AND EQUIPMENT Premises and equipment as of December 31, 2018 and 2017 consisted of the following: 2018 2017 (In thousands) Land and land improvements $ 507 $ 507 Office buildings 2,224 2,224 Furniture, fixtures and equipment 1,559 1,585 4,290 4,316 Less accumulated depreciation 2,362 2,284 Totals $ 1,928 $ 2,032 The carrying value of premises and equipment are assessed for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
DEPOSITS	(7) DEPOSITS The aggregate amount of time deposit accounts with balances that met or exceeded the Federal Deposit Insurance Corporation ("FDIC") insurance limit of $250,000 was approximately $8.1 million and $2.2 million at December 31, 2018 and 2017, respectively. At December 31, 2018, scheduled maturities of time deposits were as follows: ( In thousands) 2019 $ 17,410 2020 18,310 2021 9,072 2022 4,434 2023 3,489 Total $ 52,715 The Company held deposits of approximately $3.5 million and $3.7 million for related parties at December 31, 2018 and 2017, respectively. Interest expense on deposits is summarized as follows: 2018 2017 (In thousands) Savings and interest-bearing demand deposits $ 130 $ 137 Time deposits 584 518 Totals $ 714 $ 655

LEASE COMMITMENT

LEASE COMMITMENT	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
LEASE COMMITMENT	(8) LEASE COMMITMENT During 2016, the Company entered into a lease agreement expiring in July 2019 for loan production office space with monthly lease payments of $2,000. At December 31, 2018, minimum lease payments remaining under the lease are $14,000 for the year ending December 31, 2019. Total rental expense for the operating lease for each of the years ended December 31, 2018 and 2017 was $27,000.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	(9) INCOME TAXES The Tax Act enacted on December 22, 2017 reduced the Company's federal corporate income tax rate from 34% to 21% effective for tax years beginning after December 31, 2017. FASB ASC 740, Income Taxes The components of income tax expense for the years ended December 31, 2018 and 2017 were as follows: 2018 2017 (In thousands) Current $ 240 $ 361 Deferred 55 621 Totals $ 295 $ 982 The reconciliation of income tax expense with the amount which would have been provided at the federal statutory rate of 21% for the year ended December 31, 2018 and 34% for the year ended December 31, 2017, follows: (In thousands) 2018 2017 Provision at federal statutory rate $ 359 $ 733 State income tax-net of federal tax benefit 61 58 Effect of change in federal tax rate on net deferred tax asset - 295 Municipal interest income (105 ) (80 ) Bank-owned life insurance income (15 ) (25 ) Other (5 ) 1 Totals $ 295 $ 982 Effective tax rate 17.3 % 45.6 % Indiana tax laws enacted in 2013 and 2014 decreased the Indiana financial institutions franchise tax rate beginning in 2014 and ending in 2023. Deferred taxes have been adjusted to reflect the newly enacted rates and the period in which temporary differences are expected to reverse. Significant components of the Company's deferred tax assets and liabilities as of December 31, 2018 and 2017 were as follows: (In thousands) 2018 2017 Deferred tax assets (liabilities): Director deferred compensation plan $ 55 $ 62 Allowance for loan losses 381 446 Valuation allowance - real estate held for sale 74 67 Nonaccrual loan interest income 71 71 Unrealized loss on securities available for sale 55 15 Other 14 2 Total deferred tax assets 650 663 Depreciation (49 ) (58 ) FHLB stock dividends (19 ) (19 ) Prepaid expenses (24 ) (12 ) Net deferred loan costs (7 ) (8 ) Total deferred tax liabilities (99 ) (97 ) Net deferred tax asset $ 551 $ 566 At December 31, 2018 and 2017, the Company had no liability for unrecognized income tax benefits related to uncertain tax positions and does not anticipate any increase in the liability for unrecognized tax benefits during the next twelve months. The Company believes that its income tax positions would be sustained upon examination and does not anticipate any adjustments that would result in a material change to its financial position or results of operations. The Company files a consolidated U.S. federal income tax return and a combined Indiana state income tax return. Returns filed in these jurisdictions for tax years ended on or after December 31, 2015 are subject to examination by the relevant taxing authorities. Prior to October 1, 1996, the Company was permitted by the Internal Revenue Code to deduct from taxable income an annual addition to a statutory bad debt reserve subject to certain limitations. Retained earnings at December 31, 2018 and 2017 include approximately $1.4 million of cumulative deductions for which no deferred federal income tax liability has been recorded. Reduction of these reserves for purposes other than tax bad debt losses or adjustments arising from carry back of net operating losses would create income for tax purposes subject to the then current corporate income tax rate. The unrecorded deferred tax liability on these amounts was approximately $294,000 at December 31, 2018 and 2017. Federal legislation enacted in 1996 repealed the use of the qualified thrift reserve method of accounting for bad debts for tax years beginning after December 31, 1995. As a result, the Company discontinued the calculation of the annual addition to the statutory bad debt reserve using the percentage-of-taxable-income method and adopted the experience reserve method for banks. Under this method, the Company computes its federal tax bad debt deduction based on actual loss experience over a period of years. The legislation also provided that the Company will not be required to recapture its pre-1988 statutory bad debt reserves if it ceases to meet the qualifying thrift definitional tests if the Company continues to qualify as a "bank" under existing provisions of the Internal Revenue Code.

DEFERRED DIRECTORS COMPENSATION

DEFERRED DIRECTORS COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2018
Deferred Directors Compensation Plan [Abstract]
DEFERRED DIRECTORS COMPENSATION PLAN	(10) DEFERRED DIRECTORS COMPENSATION PLAN The Company has a deferred compensation plan whereby certain directors defer into an account with the Company a portion of their monthly director fees to provide income for a period of ten years following retirement. The benefits under the contracts are fully vested and the Company accrues the interest cost on the deferred obligation. The balance of the accrued benefit for the plan was $223,000 and $249,000 at December 31, 2018 and 2017, respectively. Deferred compensation expense was $17,000 for each of the years ended December 31, 2018 and 2017.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
EMPLOYEE BENEFIT PLANS	(11) EMPLOYEE BENEFIT PLANS Defined Contribution Plan: The Company has a qualified defined contribution plan available to all eligible employees. The plan allows participating employees to make tax-deferred contributions under Internal Revenue Code Section 401(k). The Company contributed $79,000 and $155,000 to the plan for the years ended December 31, 2018 and 2017, respectively. Employee Stock Ownership Plan In connection with the Conversion, the Bank established a leveraged ESOP for eligible employees of the Company and the Bank. The ESOP trust purchased 204,789 shares of Company common stock at the initial public offering price of $10.00 per share financed by a 20 year term loan with the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company's discretionary contributions to the ESOP and earnings on ESOP assets. The employer loan and the related interest income are not recognized in the consolidated financial statements as the debt is serviced by employer contributions. Dividends payable on allocated shares are charged to retained earnings and are satisfied by the allocation of cash dividends to participant accounts. Dividends payable on unallocated shares are not considered dividends for financial reporting purposes. Shares held by the ESOP trust are held in a suspense account and allocated to participant accounts as principal and interest payments are made by the ESOP to the Company. Payments of principal and interest are due annually on December 31, the Company's fiscal year end. As shares are committed to be released for allocation to participant accounts from collateral, the Company reports compensation expense equal to the average fair value of shares committed to be released during the year with a corresponding credit to stockholders' equity and the shares become outstanding for earnings per share computations. The compensation expense is accrued throughout the year. Compensation expense recognized for the year ended December 31, 2018 was $64,000. The ESOP trust held 5,147 allocated shares and 199,642 unallocated shares of Company common stock at December 31, 2018. The fair value of the unallocated shares was $2,310,000 at December 31, 2018.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION PLANS	(12) STOCK-BASED COMPENSATION PLANS The Company's stock-based compensation plans are described below. The compensation cost that has been charged against income for those plans was $1,000 and $2,000 for 2018 and 2017, respectively. 1999 Stock Option Plan The Bank had a stock option plan adopted on April 9, 1999 with a 10-year term which was assumed by the Company in connection with the Conversion. Prior to the expiration of the plan, the Bank granted options for a total of 78,227 common shares, as adjusted for the Conversion exchange ratio (2.3462 to one). 2010 Equity Incentive Plan The Bank had an equity incentive plan (the "Plan") adopted on July 27, 2010 which was assumed by the Company in connection with the Conversion. Under the Plan, 127,849 shares of common stock, as adjusted for the Conversion exchange ratio, were approved for awards of stock options and restricted stock. As of December 31, 2018, on an adjusted basis, awards for stock options totaling 2,574 shares and awards for restricted stock totaling 3,320 shares of Company common stock have been granted, net of any forfeitures, to participants in the Plan. The vesting dates for stock option awards are determined by the Plan Committee appointed by the board of directors. All unvested options become exercisable upon an option holder's death or disability and in the event of a change in control. Option prices may not be less than the fair market value of the underlying stock at the date of the grant of the award. Restricted stock awards generally vest over a period of five years. The Plan provides that unvested restricted stock awards become fully vested upon a holder's death or disability and in the event of a change in control. Compensation expense is recognized over the requisite service period with a corresponding credit to stockholders' equity. The requisite service period for restricted shares is the vesting period. The fair market value of stock options granted is determined at the date of grant using the binomial option pricing model. Expected volatilities are based on historical volatility of the Company's stock (for periods prior to the Conversion, the historical volatility of the Bank's common stock). The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of option activity under the plan as of December 31, 2018, and changes during the year then ended is presented below: Number of shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at beginning of year 2,808 $ 5.97 Granted 234 10.66 Exercised - -- Forfeited or expired (234 ) 10.66 Outstanding at end of year 2,808 $ 5.97 3.8 $ 16,000 Vested and expected to vest 2,808 $ 5.97 3.8 $ 16,000 Exercisable at end of year 2,527 $ 5.79 3.3 $ 15,000 For the years ended December 31, 2018 and 2017, the Company recognized no compensation expense related to the stock option plan as the amount of compensation cost determined under ASC Topic 718 was insignificant. A summary of the activity for the Company's nonvested restricted shares during the year ended December 31, 2018, is presented below: Number of shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 514 $ 7.04 Granted 234 10.66 Vested (234 ) 6.94 Forfeited (234 ) 10.66 Nonvested at end of year 280 $ 7.12 The total fair value of shares vested during each of the years ended December 31, 2018 and 2017, was $2,000. At December 31, 2018, unrecognized compensation expense related to nonvested restricted shares was $1,000. The compensation expense is expected to be recognized over the remaining weighted average vesting period of 2.6 years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(13) COMMITMENTS AND CONTINGENCIES In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the financial statements. Commitments under outstanding standby letters of credit totaled $26,000 at both December 31, 2018 and 2017. The following is a summary of the commitments to extend credit at December 31, 2018 and 2017: (In thousands) 2018 2017 Loan commitments: Fixed rate $ 1,642 $ 1,288 Adjustable rate 2,602 5,900 Undisbursed commercial and personal lines of credit 9,186 9,536 Undisbursed portion of commercial construction loans 2,101 1,843 Undisbursed portion of residential construction loans - 22 Total commitments to extend credit $ 15,531 $ 18,589

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	12 Months Ended
	Dec. 31, 2018
Financial Instruments With Off Balance Sheet Risk [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	(14) FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments (see Note 13). The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Company upon extension of credit, varies and is based on management's credit evaluation of the counter-party. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company's policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. The Company had no liabilities related to standby letters of credit guarantees at December 31, 2018 and 2017. The Company has not been required to perform on any financial guarantees during the past two years. The Company incurred no losses on its commitments in either 2018 or 2017.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
REGULATORY MATTERS	(15) REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by its primary federal regulator, the Office of the Comptroller of the Currency ("OCC"). Failure to meet minimum capital requirements can initiate certain mandatory-and possibly additional discretionary-actions by regulators that, if undertaken, could have a direct material effect on the Bank's financial statements. Under regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines involving quantitative measures of the Bank's assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification under prompt corrective action guidelines are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 and common equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and Tier 1 capital (as defined) to average assets (as defined). In addition to the minimum capital ratios, the now has to maintain a capital conservation buffer consisting of additional common equity Tier 1 capital above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. The capital conservation buffer requirement began to be phased-in on January 1, 2016 when more than 0.625% of risk-weighted assets was required, and increased by 0.625% on each subsequent January 1, until fully implemented to an amount more than 2.5% of risk-weighted assets on January 1, 2019. The capital conservation buffer was 1.875% and 1.25% at December 31, 2018 and 2017, respectively. Management believes that the Bank met all capital adequacy requirements to which it was subject as of December 31, 2018 and 2017. As of December 31, 2018, 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 Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank's category. The Bank's actual capital amounts and ratios are presented in the following table. No amounts were deducted from capital for interest-rate risk in either year. Minimum for Capital Minimum to be Well Adequacy Purposes Capitalized under with Capital Prompt Corrective Actual Conservation Buffer: Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total Capital (to risk weighted assets) $ 37,542 31.9 % $ 11,608 9.875 % $ 11,755 10.0 % Tier 1 Capital (to risk weighted assets) $ 36,073 30.7 % $ 9,257 7.875 % $ 9,404 8.0 % Common equity Tier 1 Capital (to risk weighted assets) $ 36,073 30.7 % $ 7,494 6.375 % $ 7,641 6.5 % Tier 1 Capital (to average adjusted total assets) $ 36,073 18.0 % $ 8,024 4.000 % $ 10,030 5.0 % As of December 31, 2017: Total Capital (to risk weighted assets) $ 25,572 23.4 % $ 10,117 9.250 % $ 10,937 10.0 % Tier 1 Capital (to risk weighted assets) $ 24,201 22.1 % $ 7,929 7.250 % $ 8,750 8.0 % Common equity Tier 1 Capital (to risk weighted assets) $ 24,201 22.1 % $ 6,289 5.750 % $ 7,109 6.5 % Tier 1 Capital (to average adjusted total assets) $ 24,201 13.5 % $ 7,153 4.000 % $ 8,942 5.0 %

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	(16) STOCKHOLDERS' EQUITY Dividends The payment of dividends by the Company and Bank are subject to regulation by the Federal Reserve and OCC, respectively. Neither the Company nor Bank may declare or pay a cash dividend or repurchase any of its capital stock if the effect thereof would cause equity of the Company or Bank to be reduced below either the amount of the liquidation accounts established for the Company and Bank upon completion of the Conversion, or the regulatory capital requirements of the Company or the Bank. The Bank's former mutual holding company, Mid-Southern, M.H.C., received $62,000 of dividends on the shares it held in the Bank for the year ended December 31, 2017.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2018
Disclosures About Fair Value Of Financial Instruments [Abstract]
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	(17) DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS The following table summarizes the carrying value and estimated fair value of financial instruments and the level within the fair value hierarchy (see Note 20) in which the fair value measurements fall at December 31, 2018 and 2017: Fair Value Measurements Using Carrying (In thousands) Value Level 1 Level 2 Level 3 December 31, 2018: Financial assets: Cash and cash equivalents $ 12,700 $ 12,700 $ - $ - Securities available for sale 53,140 - 53,140 - Securities held to maturity 100 - 100 - Loans, net 126,293 - - 125,908 FHLB stock 778 N/A N/A N/A Accrued interest receivable 831 - 831 - Financial liabilities: Deposits 151,108 - - 150,020 December 31, 2017: Financial assets: Cash and cash equivalents $ 7,464 $ 7,464 $ - $ - Securities available for sale 45,716 - 45,716 - Securities held to maturity 163 - 167 - Loans, net 114,896 - - 114,018 FHLB stock 778 N/A N/A N/A Accrued interest receivable 662 - 662 - Financial liabilities: Deposits 151,893 - - 150,943 The carrying amounts in the preceding table are included in the consolidated balance sheets under the applicable captions. In accordance with the Company's adoption of ASU 2016-01 effective January 1, 2018, the table above for December 31, 2018 presents the fair values measured using an exit price notion. The fair value of loans at December 31, 2017 was measured using an entry price notion. The contractual or notional amounts of financial instruments with off-balance-sheet risk are disclosed in Note 13, and the fair value of these instruments is considered immaterial.

SUPPLEMENTAL DISCLOSURE OF CASH

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	(18) SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION 2018 2017 (In thousands) Cash payments for: Interest $ 729 $ 655 Net taxes paid 329 280 Noncash investing activities; Transfer from loans to real estate Acquired through foreclosure 184 248

SUPPLEMENTAL DISCLOSURE FOR EAR

SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE	(19) SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE (Dollars in thousands, except per share data) 2018 2017 Basic Earnings: Net income $ 1,413 $ 1,173 Shares: Weighted average common shares outstanding 3,409,615 3,446,535 Net income per common share, basic $ 0.41 $ 0.34 Diluted Earnings: Net income $ 1,413 $ 1,173 Shares: Weighted average common shares outstanding 3,409,615 3,446,535 Add: Dilutive effect of stock options 3 - Add: Dilutive effect of restricted stock 308 253 Weighted average common shares outstanding, as adjusted 3,409,926 3,446,788 Net income per common share, diluted $ 0.41 $ 0.34 Nonvested restricted stock shares and unallocated ESOP shares are not considered as outstanding for purposes of computing basic and diluted earnings per share. No stock options for common stock were excluded from the calculation of diluted net income per common share because their effect was antidilutive for the years ended December 31, 2018 and 2017. No restricted stock awards were excluded from the calculation of diluted net income per common share because their effect was antidilutive for the years ended December 31, 2018 and 2017. Share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one).

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	(20) FAIR VALUE MEASUREMENTS FASB ASC Topic 820 , Fair Value Measurements, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2018. The Company had no liabilities measured at fair value as of December 31, 2018. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2018: Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ - $ 8,871 $ - $ 8,871 Agency CMO - 15,559 - 15,559 Municipal obligations - 28,710 - 28,710 Total securities available for sale $ - $ 53,140 $ - $ 53,140 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ - $ - $ 1,823 $ 1,823 Commercial real estate - - 729 729 Commercial business - - 426 426 Total impaired loans $ - $ - $ 2,978 $ 2,978 Real estate held for sale $ - $ - $ 239 $ 239 The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2017. The Company had no liabilities measured at fair value as of December 31, 2017. December 31, 2017: Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ - $ 14,396 $ - $ 14,396 Agency CMO - 8,579 - 8,579 Federal agency - 999 - 999 Municipal obligations - 21,742 - 21,742 Total securities available for sale $ - $ 45,716 $ - $ 45,716 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ - $ - $ 2,154 $ 2,154 Commercial real estate - - 991 991 Commercial business - - 467 467 Total impaired loans $ - $ - $ 3,612 $ 3,612 Foreclosed real estate: One-to-four family residential $ - $ - $ 138 $ 138 Commercial real estate - - 38 38 Total foreclosed real estate $ - $ - $ 176 $ 176 Real estate held for sale $ - $ - $ 270 $ 270 A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company's financial assets carried at fair value or the lower of cost or fair value. Fair value is based upon quoted market prices, where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association's standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company's valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale. Impaired Loans . Impaired loans are measured at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At December 31, 2018 and 2017, all impaired loans other than performing TDRs were considered to be collateral dependent for the purpose of determining fair value. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable. The fair value of the collateral is generally determined based on real estate appraisals or other independent evaluations by qualified professionals, which are then discounted to reflect management's estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At December 31, 2018 and 2017, the significant unobservable inputs used in the fair value measurement of collateral dependent impaired loans included a discount from appraised value (including estimated costs to sell the collateral) of 10%. The Company recognized a recapture of provisions for loan losses of $37,000 and $5,000 for the years ended December 31, 2018 and 2017, respectively, for impaired loans. Foreclosed Real Estate . Foreclosed real estate is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals which are then discounted to reflect management's estimate of the fair value of the property given current market conditions and the condition of the collateral. At December 31, 2018, the Company did not own any foreclosed real estate. At December 31, 2017, the significant unobservable inputs used in the fair value measurement of foreclosed real estate included a discount from appraised value (including estimated costs to sell the property) ranging from 8% to 15% with a weighted average discount from appraised value of 10%. The Company did not recognize any charges to write down foreclosed real estate to fair value during the years ended December 31, 2018 and 2017. Real Estate Held for Sale . At December 31, 2018 and 2017, the significant unobservable inputs used in the fair value measurement of real estate held for sale included a discount from appraised value (including estimated costs to sell the property) of 10%. The Company recognized charges to write down real estate held for sale to fair value of $31,000 and $55,000 during the years ended December 31, 2018 and 2017, respectively. Transfers Between Categories

PARENT COMPANY CONDENSED FINANC

PARENT COMPANY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY CONDENSED FINANCIAL INFORMATION	(21) PARENT COMPANY CONDENSED FINANCIAL INFORMATION Condensed financial information for the Company (parent company only) follows: BALANCE SHEET (In thousands) As of December 31 2018 ASSETS Cash and due from banks $ 12,885 Other assets 99 Investment in subsidiary 35,905 $ 48,889 LIABILITIES AND EQUITY Accrued expenses and other liabilities $ 46 Stockholders' equity 48,843 $ 48,889 STATEMENT OF INCOME (In thousands) Year Ended December 31, 2018 Other operating expenses $ (319 ) Loss before income taxes and equity in undistributed net income of subsidiary (319 ) Income tax benefit (89 ) Loss before equity in undistributed net income of subsidiary (230 ) Equity in undistributed net income of subsidiary 1,643 Net Income $ 1,413 STATEMENT OF CASH FLOWS (In thousands) Year Ended December 31, 2018 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,413 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiary (1,643 ) Net change in other assets and liabilities (53 ) Net Cash Used In Operating Activities (283 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of common stock 22,374 Investment in Bank (10,162 ) Contribution of Mid-Southern, M.H.C. 1,023 Cash dividends paid (67 ) Net Cash Provided By Financing Activities 13,168 Net Increase in Cash and Cash Equivalents 12,885 Cash and cash equivalents at beginning of year - Cash and Cash Equivalents at End of Year $ 12,885

SELECTED QUARTERLY FINANCIAL IN

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	(22) SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) First Second Third Fourth Quarter Quarter Quarter Quarter Total 2018 (In thousands, except per share data) Interest income $ 1,657 $ 1,759 $ 1,898 $ 1,962 $ 7,276 Interest expense 174 182 186 187 729 Net interest income 1,483 1,577 1,712 1,775 6,547 Recapture of provision for loan losses - - - (200 ) (200 ) Net interest income after provision for loan losses 1,483 1,577 1,712 1,975 6,747 Noninterest income 209 205 210 216 840 Noninterest expenses 1,294 1,424 1,589 1,572 5,879 Income before income taxes 398 358 333 619 1,708 Income tax expense 77 62 57 99 295 Net income $ 321 $ 296 $ 276 $ 520 $ 1,413 Earnings per common share Basic $ 0.09 $ 0.09 $ 0.08 $ 0.15 $ 0.41 Diluted $ 0.09 $ 0.09 $ 0.08 $ 0.15 $ 0.41 2017 Interest income $ 1,620 $ 1,608 $ 1,624 $ 1,626 $ 6,478 Interest expense 162 167 161 165 655 Net interest income 1,458 1,441 1,463 1,461 5,823 Recapture of provision for loan losses (300 ) - - (400 ) (700 ) Net interest income after provision for loan losses 1,758 1,441 1,463 1,861 6,523 Noninterest income 215 208 214 247 884 Noninterest expenses 1,255 1,259 1,331 1,407 5,252 Income before income taxes 718 390 346 701 2,155 Income tax expense 251 122 105 504 982 Net income $ 467 $ 268 $ 241 $ 197 $ 1,173 Earnings per common share Basic $ 0.13 $ 0.08 $ 0.07 $ 0.06 $ 0.34 Diluted $ 0.13 $ 0.08 $ 0.07 $ 0.06 $ 0.34 Share and per share amounts for periods prior to the date of completion of the Conversion on July 11, 2018 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one).

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Conversion and Stock Issuance	Conversion and Stock Issuance Mid-Southern Bancorp, Inc. (the "Company"), an Indiana corporation, was organized by Mid-Southern, M.H.C. (the "MHC") and Mid-Southern Savings Bank, FSB (the "Bank") to facilitate the "second-step" conversion of the Bank from the mutual holding company structure to the stock holding company structure (the "Conversion"). Upon consummation of the Conversion, which occurred on July 11, 2018, the Company became the holding company for the Bank and now owns all of the issued and outstanding shares of the Bank's common stock. In connection with the Conversion, the Company sold 2,559,871 shares of common stock at a price of $10.00 per share in an offering to certain depositors of the Bank and others, including 204,789 shares purchased by the Bank's employee stock ownership plan ("ESOP") funded by a loan from the Company (see Note 11). Proceeds from the offering, net of $1.2 million in expenses, totaled $24.4 million. The Company used $2.0 million of the net proceeds to fund the ESOP and made a $10.2 million capital contribution to the Bank. Concurrent with the offering, shares of Bank common stock owned by public stockholders were exchanged for 2.3462 shares of the Company's common stock, with cash being paid in lieu of issuing fractional shares. As a result of the offering, exchange and cash in lieu of fractional shares, the Company issued 3,565,430 shares. Share and per share amounts as of and for the year ended December 31, 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). The Conversion has been accounted for as a change in corporate form with the historic basis of the Bank's assets, liabilities and equity unchanged as a result.
Nature of Operations	Nature of Operations The Company's principal business is the ownership and operation of the Bank. The Bank is a federal savings bank that provides a variety of banking services to individuals and business customers through its main office, two full-service branch offices and one loan production office in southern Indiana. The Bank's primary source of revenue is single-family residential mortgage loans. Mid-Southern Investments, Inc. (the "Subsidiary") is a wholly-owned subsidiary of the Bank that holds and manages an investment securities portfolio.
Basis of Presentation, Consolidation and Reclassifications	Basis of Presentation, Consolidation and Reclassifications The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and conform to general practices within the banking industry. As an "emerging growth company" as defined in Title 1 of the Jumpstart Our Business Startups ("JOBS") Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of December 31, 2018, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated. At December 31, 2017, the Bank was a 70.83% owned subsidiary of the MHC. The accompanying consolidated financial statements as of and for the year ended December 31, 2017 include only the accounts of the Bank and the Subsidiary. Certain prior year amounts have been reclassified to conform to the current year presentation. The reclassifications had no effect on net income or stockholders' equity.
Statements of Cash Flows	Statements of Cash Flows For purposes of the statement of cash flows, the Company has defined cash and cash equivalents as cash on hand, amounts due from banks (including cash items in process of clearing) and interest-bearing deposits with other banks having an original maturity of 90 days or less.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. A majority of the loan portfolio consists of single-family residential and commercial real estate loans in the southern Indiana area. Accordingly, the ultimate collectability of a substantial portion of the loan portfolio and the recovery of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. While management uses available information to recognize losses on loans and foreclosed real estate, further changes in the carrying amounts of loans and foreclosed real estate may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans and foreclosed real estate. Such agencies may require the Company to recognize additional changes based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans and foreclosed real estate may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.
Investment Securities	Investment Securities Securities Available for Sale Securities Held to Maturity Debt securities held by the Company include mortgage-backed securities and other debt securities issued by the Government National Mortgage Association ("GNMA"), a U.S. government agency, and mortgage-backed securities and collateralized mortgage obligations issued by the Federal National Mortgage Association ("FNMA") and the Federal Home Loan Mortgage Corporation ("FHLMC"), which are government-sponsored enterprises. Mortgage-backed securities ("MBS") represent participating interests in pools of long-term first mortgage loans originated and serviced by the issuers of the securities. Collateralized mortgage obligations ("CMO") are complex mortgage-backed securities that restructure the cash flows and risks of the underlying mortgage collateral. The Company also holds debt securities issued by municipalities and political subdivisions of state and local governments. Declines in the fair value of individual available for sale and held to maturity securities below their amortized cost that are other than temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. The Bank is a member of the Federal Home Loan Bank of Indianapolis ("FHLB"). 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 in the consolidated statements of income.
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans Held for Investment Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Company's customers to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. Nonaccrual Loans The recognition of income on a loan is discontinued and previously accrued interest is reversed when interest or principal payments become 90 days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls 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. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals or valuations are generally obtained for all significant properties (if the value is estimated to exceed $100,000) when a loan is identified as impaired. Subsequent appraisals are obtained or an internal evaluation is prepared annually, or more frequently if management believes there has been a significant change in the market value of a collateral property securing a collateral dependent impaired loan. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment evaluation on the original appraisal with adjustments for current conditions based on management's assessment of market factors and inspection of the property. Troubled Debt Restructurings Modification of a loan is considered to be a troubled debt restructuring ("TDR") if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company's determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. A TDR can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the restructuring. A TDR on nonaccrual status is restored to accrual status when the borrower has demonstrated the ability to make future payments in accordance with the restructured terms, including consistent and timely payments for at least six consecutive months in accordance with the restructured terms. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Additions to the allowance for loan losses are made by the provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful or substandard. For such loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by portfolio segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the Company's actual loss history over the most recent 20 calendar quarters unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company's historical loss experience is then adjusted for qualitative factors that are reviewed on a quarterly basis. Management's determination of the allowance for loan losses considers changes and trends in the following qualitative loss factors: loan administration, national and local economic conditions, new loan trends, past due and nonaccrual loans, collateral values, credit concentrations and other internal and external factors such as competition, legal and regulatory changes. Each qualitative factor is assigned a rating and a factor weight in determining the adjusted loss factors used in management's allowance for loan losses adequacy calculation. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. The following portfolio segments are considered in the allowance for loan loss analysis: one-to-four family residential real estate, multi-family residential real estate, construction, commercial real estate, commercial business, and consumer loans. Residential real estate loans primarily consist of loans to individuals for the purchase or refinance of their primary residence, with a smaller portion of the segment secured by non-owner-occupied residential investment properties and multi-family residential investment properties. The risks associated with residential real estate loans are closely correlated to the local housing market and general economic conditions, as repayment of the loans is primarily dependent on the borrower's or tenant's personal cash flow and employment status. The Company's construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects, and includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower's ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial real estate loans are comprised of loans secured by various types of collateral including farmland, office buildings, warehouses, retail space and mixed use buildings located in the Company's primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates or general business operating cash flows that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates and the general level of business activity. The Company generally obtains loan guarantees from financially capable parties for commercial real estate loans. Commercial business loans includes lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate and are generally made to finance capital expenditures or fund operations. Commercial loans contain risks related to the value of the collateral securing the loan and the repayment is primarily dependent upon the financial success and viability of the borrower. As with commercial real estate loans, the Company generally obtains loan guarantees from financially capable parties for commercial business loans. Consumer loans consist primarily of home equity lines of credit and other loans secured by junior liens on the borrower's personal residence, home improvement loans, automobile and truck loans, boat loans, mobile home loans, loans secured by savings deposits, and other personal loans. The risks associated with these loans are related to the local housing market and local economic conditions including the unemployment level. Loan Charge-Offs For portfolio segments other than consumer loans, the Company's practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower's failure to meet repayment terms, the borrower's deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan's classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the collectability of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company's historical loss experience used to estimate the general component of the allowance for loan losses as discussed above. Specific reserves are not considered charge-offs in management's evaluation of the general component of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. During 2018 and 2017, the Company recognized net partial charge-offs on loans totaling $51,000 and $19,000, respectively. At December 31, 2018, the Company had 13 loans with an aggregate recorded investment of $691,000 and an aggregate unpaid principal balance of $1.2 million on which net partial charge-offs of $279,000 had been recorded. At December 31, 2017, the Company had 15 loans with an aggregate recorded investment of $646,000 and an aggregate unpaid principal balance of $1.4 million on which net partial charge-offs of $389,000 had been recorded. Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 60 days past due. A charge-off is typically recorded on a loan secured by real estate when the property is foreclosed upon when the carrying value of the loan exceeds the property's fair value less the estimated costs to sell.
Foreclosed Real Estate	Foreclosed Real Estate Foreclosed real estate includes formally foreclosed property and property obtained via a deed in lieu of foreclosure that is currently held for sale. At the time of foreclosure, foreclosed real estate is recorded at fair value less estimated costs to sell, which becomes the property's new basis. Any write-downs based on the property's fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less costs to sell. Costs incurred in maintaining foreclosed real estate and subsequent impairment adjustments to the carrying amount of a property, if any, are included in net loss on foreclosed real estate in the accompanying consolidated statements of income.
Real Estate Held for Sale	Real Estate Held for Sale Real estate held for sale includes unimproved land originally purchased for future office development and is initially recorded at fair value less estimated costs to sell, establishing a new cost basis. Real estate held for sale is subsequently accounted for at the lower of cost or fair value less estimated costs to sell. Subsequent impairment loss adjustments to the carrying amount of the property, if any, are reported in noninterest expense in the accompanying consolidated statements of income.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. The Company uses the straight line method of computing depreciation at rates adequate to amortize the cost of the applicable assets over their estimated useful lives. Maintenance and repairs are expensed as incurred. The cost and related accumulated depreciation of assets sold, or otherwise disposed of, are removed from the related accounts and any gain or loss is included in earnings.
Cash Value of Life Insurance	Cash Value of Life Insurance Life insurance policies have been purchased on certain directors, officers and key employees to offset costs associated with compensation and benefit programs. The Bank is the owner and is a joint or sole beneficiary of the policies. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contracts at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Income from the increase in cash surrender value of the policies and income from the realization of death benefits is reported in noninterest income.
Income Taxes	Income Taxes When income tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while other positions are subject to some degree of uncertainty regarding the merits of the position taken or the amount of the position that would be sustained. The Company recognizes the benefits of a tax position in the financial statements of the period during which, based on all available evidence, management believes it is more-likely-than-not (more than 50 percent probable) that the tax position would be sustained upon examination. Income tax positions that meet the more-likely-than-not threshold are measured as the largest amount of income tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with the income tax positions claimed on income tax returns that exceeds the amount measured as described above is reflected as a liability for unrecognized income tax benefits in the balance sheet, along with any associated interest and penalties that would be payable to the taxing authorities, if there were an examination. Interest and penalties associated with unrecognized income tax benefits are classified as additional income taxes in the consolidated statements of income. Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Income tax reporting and financial statement reporting rules differ in many respects. As a result, there will often be a difference between the carrying amount of an asset or liability as presented in the accompanying balance sheets and the amount that would be recognized as the tax basis of the same asset or liability computed based on the effects of tax positions recognized, as described in the preceding paragraph. These differences are referred to as temporary differences because they are expected to reverse in future years. Deferred income tax assets are recognized for temporary differences where their future reversal will result in future tax benefits. Deferred income tax assets are also recognized for the future tax benefits expected to be realized from net operating loss or tax credit carry forwards. Deferred income tax liabilities are recognized for temporary differences where their future reversal will result in the payment of future income taxes. Deferred income tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Deferred tax assets and liabilities are reflected at income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
Stock-Based Compensation	Stock-Based Compensation The Company has adopted the fair value based method of accounting for stock-based compensation prescribed in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 718-20, Compensation – Stock Compensation
Employee Stock Ownership Plan	Employee Stock Ownership Plan The Bank has an ESOP covering substantially all employees. The cost of shares issued to the ESOP but not allocated or committed to be released for allocation to participant accounts is presented in the consolidated balance sheets as a reduction of stockholders' equity. Compensation expense is recognized for the fair value of shares committed to be released for allocation to participant accounts during the year. See Note 11.
Advertising Costs	Advertising Costs Advertising costs are charged to operations when incurred.
Comprehensive Income	Comprehensive Income Comprehensive income consists of reported net income and other comprehensive income. Other comprehensive income, recognized as a separate component of equity, includes the change in unrealized gains or losses on securities available for sale. Amounts reclassified out of unrealized gains and losses on securities available for sale included in accumulated other comprehensive income or loss are included in net gain on sale of securities in the consolidated statements of income.
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.
Earnings per Common Share	Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. Unallocated ESOP shares are not included as outstanding for either basic or diluted earnings per share calculations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following are summaries of recently issued accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (Topic 842), Targeted Improvements. I n June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) . The update replaces the incurred loss methodology for recognizing credit losses under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under the new guidance, an entity will measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The expected loss model will apply to loans and leases, unfunded lending commitments, held-to-maturity debt securities and other debt instruments measured at amortized cost. The impairment model for available-for-sale debt securities will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. For public business entities that are SEC filers, the amendments in the update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. The amendments in this ASU mitigate transition complexity by requiring that for nonpublic business entities, the amendments in ASU No. 2016-13 are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Once adopted, the expects its allowance for loan losses to increase through a one-time adjustment to retained earnings, however, until its evaluation is complete, the magnitude of the increase will be unknown. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Receipts and Cash Payments . This ASU is intended to address the appropriate classification of eight specific cash flow issues on the cash flow statement. Debt prepayment costs should be classified as an outflow for financing activities. Settlement of zero-coupon debt instruments divides the interest portion as an outflow for operating activities and the principal portion as an outflow for financing activities. Contingent consideration payments made after a business combination should be classified as outflows for financing and operating activities. Proceeds from the settlement of bank-owned life insurance policies should be classified as inflows from investing activities. Other specific areas are identified in the ASU as to the appropriate classification of the cash inflows or outflows. For public entities the amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For nonpublic business entities the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted and must be applied using retrospective transition method to each period presented. Adoption of the ASU is not expected to have a material impact on the 's consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. Income Taxes In March 2018, FASB issued ASU No. 2018-05, Income Taxes (Topic 740) In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement .

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of fair values of debt securities available-for-sale or held-to-maturity	Gross Gross (In thousands) Amortized Unrealized Unrealized Fair December 31, 2018: Cost Gains Losses Value Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,140 $ - $ 269 $ 8,871 Agency CMO 15,569 114 124 15,559 24,709 114 393 24,430 Other debt securities: Municipal obligations 28,653 267 210 28,710 Total securities available for sale $ 53,362 $ 381 $ 603 $ 53,140 Securities held to maturity: Agency MBS $ 55 $ 1 $ - $ 56 Municipal obligations 45 - - 45 Total securities held to maturity $ 100 $ 1 $ - $ 101 December 31, 2017: Securities available for sale: Mortgage-backed securities: Agency MBS $ 14,604 $ - $ 208 $ 14,396 Agency CMO 8,700 - 121 8,579 23,304 - 329 22,975 Other debt securities: Federal agency 1,000 - 1 999 Municipal obligations 21,474 343 75 21,742 Total securities available for sale $ 45,778 $ 343 $ 405 $ 45,716 Securities held to maturity: Agency MBS $ 78 $ 2 $ - $ 80 Municipal obligations 85 2 - 87 Total securities held to maturity $ 163 $ 4 $ - $ 167
Schedule of maturities of debt securities	The amortized cost and fair value of debt securities as of December 31, 2018 by contractual maturity are shown below. Expected maturities of MBS and CMO may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty and thus the contractual maturities are not presented below. Available for Sale Held to Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Due in one year or less $ 385 $ 385 $ 45 $ 45 Due after one year through five years 850 887 - - Due after five years through ten years 6,085 6,070 - - Due after ten years 21,333 21,368 - - 28,653 28,710 45 45 MBS and CMO 24,709 24,430 55 56 $ 53,362 $ 53,140 $ 100 $ 101
Schedule of fair value and related unrealized losses of temporarily impaired investment securities, aggregated by investment category	Number of Gross (Dollars in thousands) Investment Fair Unrealized December 31, 2018: Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Municipal obligations 7 $ 3,258 $ 19 Continuous loss position more than 12 months: Agency MBS 11 8,871 269 Agency CMO 6 5,666 124 Municipal obligations 21 11,611 191 Total more than 12 months 38 26,148 584 Total securities available for sale 45 $ 29,406 $ 603 December 31, 2017: Securities available for sale: Continuous loss position less than 12 months: Federal agency 1 $ 999 $ 1 Agency MBS 3 2,543 13 Agency CMO 4 4,777 12 Municipal obligations 4 2,539 13 Total less than 12 months 12 10,858 39 Continuous loss position more than 12 months: Agency MBS 12 11,848 195 Agency CMO 3 3,802 109 Municipal obligations 3 1,949 62 Total more than 12 months 18 17,599 366 Total securities available for sale 30 $ 28,457 $ 405

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of loans	(In thousands) 2018 2017 Real estate mortgage loans: One-to-four family residential $ 80,322 $ 79,899 Multi-family residential 7,054 6,352 Residential construction - 108 Commercial real estate 27,153 22,315 Commercial real estate construction 5,100 2,061 Commercial business loans 5,939 3,875 Consumer loans 2,199 1,978 Total loans 127,767 116,588 Deferred loan origination fees and costs, net 30 31 Allowance for loan losses (1,504 ) (1,723 ) Loans, net $ 126,293 $ 114,896
Schedule of aggregate activity for related party loans	(In thousands) Balance, January 1, 2018 (as adjusted) $ 1,955 New loans 327 Payments (144 ) Balance, December 31, 2018 $ 2,138
Schedule of components of recorded investment in loans	One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 80,322 $ 7,054 $ 5,100 $ 27,153 $ 5,939 $ 2,199 $ 127,767 Accrued interest receivable 293 16 8 90 23 5 435 Net deferred loan fees/costs 16 (9 ) (31 ) (3 ) 10 47 30 Recorded investment in loans $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 The following table provides the components of the Company's recorded investment in loans at December 31, 2017: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 79,899 $ 6,352 $ 2,169 $ 22,315 $ 3,875 $ 1,978 $ 116,588 Accrued interest receivable 301 15 6 81 13 5 421 Net deferred loan fees/costs - (8 ) (6 ) (5 ) 7 43 31 Recorded investment in loans $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040
Schedule of analysis of an allowance for loan losses	An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2018 is as follows: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total Allowance for Loan Losses: (In thousands) Beginning balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Provisions (38 ) (161 ) 27 (10 ) (13 ) (5 ) (200 ) Charge-offs (182 ) - - - (2 ) (16 ) (200 ) Recoveries 162 - 1 - 2 16 181 Ending balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 34 $ - $ - $ 22 $ 44 $ - $ 100 Collectively evaluated for impairment 978 59 48 237 54 28 1,404 Ending balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,623 $ - $ - $ 868 $ 470 $ - $ 3,961 Collectively evaluated for impairment 78,008 7,061 5,077 26,372 5,502 2,251 124,271 Ending balance $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2017 is as follows: One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total Allowance for Loan Losses: (In thousands) Beginning balance $ 1,571 $ 338 $ 9 $ 404 $ 134 $ 47 $ 2,503 Provisions (443 ) (118 ) 11 (117 ) (23 ) (10 ) (700 ) Charge-offs (64 ) - - (19 ) - (18 ) (101 ) Recoveries 6 - - 1 - 14 21 Ending balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 56 $ - $ - $ 28 $ 58 $ - $ 142 Collectively evaluated for impairment 1,014 220 20 241 53 33 1,581 Ending balance $ 1,070 $ 220 $ 20 $ 269 $ 111 $ 33 $ 1,723 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,416 $ - $ - $ 1,628 $ 524 $ - $ 6,568 Collectively evaluated for impairment 75,784 6,359 2,169 20,763 3,371 2,026 110,472 Ending balance $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040
Schedule of impaired loans	The following table summarizes the Company's impaired loans as of and for the year ended December 31, 2018. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2018. Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,212 $ 1,614 $ - $ 1,418 $ 11 Multi-family residential - - - - - Construction - - - - - Commercial real estate 394 398 - 563 8 Commercial business 50 49 - 37 2 Consumer - - - - - $ 1,656 $ 2,061 $ - $ 2,018 $ 21 Loans with an allowance recorded: One-to-four family residential $ 645 $ 691 $ 34 $ 687 $ 31 Multi-family residential - - - - - Construction - - - - - Commercial real estate 357 356 22 365 20 Commercial business 420 474 44 496 27 Consumer - - - - - $ 1,422 $ 1,521 $ 100 $ 1,548 $ 78 Total: One-to-four family residential $ 1,857 $ 2,305 $ 34 $ 2,105 $ 42 Multi-family residential - - - - - Construction - - - - - Commercial real estate 751 754 22 928 28 Commercial business 470 523 44 533 29 Consumer - - - - - $ 3,078 $ 3,582 $ 100 $ 3,566 $ 99 The following table summarizes the Company's impaired loans as of and for the year ended December 31, 2017. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2017. Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,492 $ 1,980 $ - $ 1,719 $ 9 Multi-family residential - - - - - Construction - - - - - Commercial real estate 684 761 - 810 12 Commercial business 11 10 - 12 - Consumer - - - 19 - $ 2,187 $ 2,751 $ - $ 2,560 $ 21 Loans with an allowance recorded: One-to-four family residential $ 718 $ 766 $ 56 $ 784 $ 32 Multi-family residential - - - - - Construction - - - - - Commercial real estate 335 348 28 426 21 Commercial business 514 573 58 574 30 Consumer - - - 2 - $ 1,567 $ 1,687 $ 142 $ 1,786 $ 83 Total: One-to-four family residential $ 2,210 $ 2,746 $ 56 $ 2,503 $ 41 Multi-family residential - - - - - Construction - - - - - Commercial real estate 1,019 1,109 28 1,236 33 Commercial business 525 583 58 586 30 Consumer - - - 21 - $ 3,754 $ 4,438 $ 142 $ 4,346 $ 104
Schedule of recorded investment in nonperforming loans	Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) December 31, 2018: One-to-four family residential $ 978 $ - $ 978 Multi-family residential - - - Construction - - - Commercial real estate 313 - 313 Commercial business 4 - 4 Consumer - - - Total $ 1,295 $ - $ 1,295 December 31, 2017: One-to-four family residential $ 1,333 $ - $ 1,333 Multi-family residential - - - Construction - - - Commercial real estate 535 - 535 Commercial business 10 - 10 Consumer - - - Total $ 1,878 $ - $ 1,878
Schedule of aging of the recorded investment in past due loans	Over 90 30-59 Days 60-89 Days Days Total Total Past Due Past Due Past Due Past Due Current Loans December 31, 2018: (In thousands) One-to-four family residential $ 1,912 $ 853 $ 205 $ 2,970 $ 77,661 $ 80,631 Multi-family residential - - - - 7,061 7,061 Construction - - - - 5,077 5,077 Commercial real estate 232 98 - 330 26,910 27,240 Commercial business - - - - 5,972 5,972 Consumer - - - - 2,251 2,251 Total $ 2,144 $ 951 $ 205 $ 3,300 $ 124,932 $ 128,232 December 31, 2017: One-to-four family residential $ 1,599 $ 1,276 $ 512 $ 3,387 $ 76,813 $ 80,200 Multi-family residential - - - - 6,359 6,359 Construction - - - - 2,169 2,169 Commercial real estate 88 189 97 374 22,017 22,391 Commercial business 5 - - 5 3,890 3,895 Consumer - - - - 2,026 2,026 Total $ 1,692 $ 1,465 $ 609 $ 3,766 $ 113,274 $ 117,040
Schedule of risk category of loans by recorded investment	One-to-Four Family Residential Multi-Family Residential Construction Commercial Real Estate Commercial Business Consumer Total December 31, 2018: (In thousands) Pass $ 78,487 $ 7,061 $ 5,077 $ 26,578 $ 5,502 $ 2,251 $ 124,956 Special mention - - - - - - - Substandard 2,144 - - 662 470 - 3,276 Doubtful - - - - - - - Loss - - - - - - - Total $ 80,631 $ 7,061 $ 5,077 $ 27,240 $ 5,972 $ 2,251 $ 128,232 December 31, 2017: Pass $ 77,205 $ 6,359 $ 2,169 $ 21,049 $ 3,371 $ 2,026 $ 112,179 Special mention - - - 50 - - 50 Substandard 2,995 - - 1,292 524 - 4,811 Doubtful - - - - - - - Loss - - - - - - - Total $ 80,200 $ 6,359 $ 2,169 $ 22,391 $ 3,895 $ 2,026 $ 117,040
Schedule of TDRs by accrual status	Related Allowance for Accruing Nonaccrual Total Loan Losses December 31, 2018: (In thousands) One-to-four family residential $ 879 $ - $ 879 $ 34 Commercial real estate 439 155 594 22 Commercial business 467 4 471 44 Total $ 1,785 $ 159 $ 1,944 $ 100 December 31, 2017: One-to-four family residential $ 877 $ - $ 877 $ 56 Commercial real estate 484 209 693 28 Commercial business 514 11 525 58 Total $ 1,875 $ 220 $ 2,095 $ 142
Schedule of troubled debt restructurings	The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2018: Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (Dollars in thousands) One-to-Four Family Residential 1 $ 54 $ 82 Commercial real estate 1 159 159 Commercial business 1 3 4 Total 3 $ 216 $ 245 The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2017: Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (Dollars in thousands) Commercial real estate 1 $ 182 $ 182 Commercial business 1 12 16 Total 2 $ 194 $ 198

FORECLOSED REAL ESTATE (Tables)

FORECLOSED REAL ESTATE (Tables)	12 Months Ended
	Dec. 31, 2018
Real Estate Owned [Abstract]
Schedule for foreclosed real estate activity	(In thousands) 2018 2017 Balance as of January 1 $ 176 $ 314 Transfers from loans to foreclosed real estate 184 229 Direct write-downs - - Sales (360 ) (367 ) Balance as of December 31 $ - $ 176
Schedule for net loss on foreclosed real estate owned	(In thousands) 2018 2017 Net loss on sales $ 6 $ - Direct write-downs - - Operating expenses, net of rental income 11 30 $ 17 $ 30

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	2018 2017 (In thousands) Land and land improvements $ 507 $ 507 Office buildings 2,224 2,224 Furniture, fixtures and equipment 1,559 1,585 4,290 4,316 Less accumulated depreciation 2,362 2,284 Totals $ 1,928 $ 2,032

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule of maturities of time deposits	( In thousands) 2019 $ 17,410 2020 18,310 2021 9,072 2022 4,434 2023 3,489 Total $ 52,715
Schedule of interest expense on deposits	2018 2017 (In thousands) Savings and interest-bearing demand deposits $ 130 $ 137 Time deposits 584 518 Totals $ 714 $ 655

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	2018 2017 (In thousands) Current $ 240 $ 361 Deferred 55 621 Totals $ 295 $ 982
Schedule of reconciliation of income tax expense (benefit)	(In thousands) 2018 2017 Provision at federal statutory rate $ 359 $ 733 State income tax-net of federal tax benefit 61 58 Effect of change in federal tax rate on net deferred tax asset - 295 Municipal interest income (105 ) (80 ) Bank-owned life insurance income (15 ) (25 ) Other (5 ) 1 Totals $ 295 $ 982 Effective tax rate 17.3 % 45.6 %
Schedule of deferred tax assets and liabilities	(In thousands) 2018 2017 Deferred tax assets (liabilities): Director deferred compensation plan $ 55 $ 62 Allowance for loan losses 381 446 Valuation allowance - real estate held for sale 74 67 Nonaccrual loan interest income 71 71 Unrealized loss on securities available for sale 55 15 Other 14 2 Total deferred tax assets 650 663 Depreciation (49 ) (58 ) FHLB stock dividends (19 ) (19 ) Prepaid expenses (24 ) (12 ) Net deferred loan costs (7 ) (8 ) Total deferred tax liabilities (99 ) (97 ) Net deferred tax asset $ 551 $ 566

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option activity	Number of shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at beginning of year 2,808 $ 5.97 Granted 234 10.66 Exercised - -- Forfeited or expired (234 ) 10.66 Outstanding at end of year 2,808 $ 5.97 3.8 $ 16,000 Vested and expected to vest 2,808 $ 5.97 3.8 $ 16,000 Exercisable at end of year 2,527 $ 5.79 3.3 $ 15,000
Schedule of nonvested restricted shares activity	Number of shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 514 $ 7.04 Granted 234 10.66 Vested (234 ) 6.94 Forfeited (234 ) 10.66 Nonvested at end of year 280 $ 7.12

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of summary of the commitments to extend credit	(In thousands) 2018 2017 Loan commitments: Fixed rate $ 1,642 $ 1,288 Adjustable rate 2,602 5,900 Undisbursed commercial and personal lines of credit 9,186 9,536 Undisbursed portion of commercial construction loans 2,101 1,843 Undisbursed portion of residential construction loans - 22 Total commitments to extend credit $ 15,531 $ 18,589

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
Schedule of Bank's actual and required capital amounts and ratios	Minimum for Capital Minimum to be Well Adequacy Purposes Capitalized under with Capital Prompt Corrective Actual Conservation Buffer: Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total Capital (to risk weighted assets) $ 37,542 31.9 % $ 11,608 9.875 % $ 11,755 10.0 % Tier 1 Capital (to risk weighted assets) $ 36,073 30.7 % $ 9,257 7.875 % $ 9,404 8.0 % Common equity Tier 1 Capital (to risk weighted assets) $ 36,073 30.7 % $ 7,494 6.375 % $ 7,641 6.5 % Tier 1 Capital (to average adjusted total assets) $ 36,073 18.0 % $ 8,024 4.000 % $ 10,030 5.0 % As of December 31, 2017: Total Capital (to risk weighted assets) $ 25,572 23.4 % $ 10,117 9.250 % $ 10,937 10.0 % Tier 1 Capital (to risk weighted assets) $ 24,201 22.1 % $ 7,929 7.250 % $ 8,750 8.0 % Common equity Tier 1 Capital (to risk weighted assets) $ 24,201 22.1 % $ 6,289 5.750 % $ 7,109 6.5 % Tier 1 Capital (to average adjusted total assets) $ 24,201 13.5 % $ 7,153 4.000 % $ 8,942 5.0 %

DISCLOSURES ABOUT FAIR VALUE _2

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosures About Fair Value Of Financial Instruments [Abstract]
Schedule of estimated fair values of financial instruments	Fair Value Measurements Using Carrying (In thousands) Value Level 1 Level 2 Level 3 December 31, 2018: Financial assets: Cash and cash equivalents $ 12,700 $ 12,700 $ - $ - Securities available for sale 53,140 - 53,140 - Securities held to maturity 100 - 100 - Loans, net 126,293 - - 125,908 FHLB stock 778 N/A N/A N/A Accrued interest receivable 831 - 831 - Financial liabilities: Deposits 151,108 - - 150,020 December 31, 2017: Financial assets: Cash and cash equivalents $ 7,464 $ 7,464 $ - $ - Securities available for sale 45,716 - 45,716 - Securities held to maturity 163 - 167 - Loans, net 114,896 - - 114,018 FHLB stock 778 N/A N/A N/A Accrued interest receivable 662 - 662 - Financial liabilities: Deposits 151,893 - - 150,943

SUPPLEMENTAL DISCLOSURE OF CA_2

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Schedule of supplemental cash flow information	2018 2017 (In thousands) Cash payments for: Interest $ 729 $ 655 Net taxes paid 329 280 Noncash investing activities; Transfer from loans to real estate Acquired through foreclosure 184 248

SUPPLEMENTAL DISCLOSURE FOR E_2

SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of supplemental disclosure for earnings per share	(Dollars in thousands, except per share data) 2018 2017 Basic Earnings: Net income $ 1,413 $ 1,173 Shares: Weighted average common shares outstanding 3,409,615 3,446,535 Net income per common share, basic $ 0.41 $ 0.34 Diluted Earnings: Net income $ 1,413 $ 1,173 Shares: Weighted average common shares outstanding 3,409,615 3,446,535 Add: Dilutive effect of stock options 3 - Add: Dilutive effect of restricted stock 308 253 Weighted average common shares outstanding, as adjusted 3,409,926 3,446,788 Net income per common share, diluted $ 0.41 $ 0.34

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring and nonrecurring basis	Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2018: Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ - $ 8,871 $ - $ 8,871 Agency CMO - 15,559 - 15,559 Municipal obligations - 28,710 - 28,710 Total securities available for sale $ - $ 53,140 $ - $ 53,140 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ - $ - $ 1,823 $ 1,823 Commercial real estate - - 729 729 Commercial business - - 426 426 Total impaired loans $ - $ - $ 2,978 $ 2,978 Real estate held for sale $ - $ - $ 239 $ 239 December 31, 2017: Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ - $ 14,396 $ - $ 14,396 Agency CMO - 8,579 - 8,579 Federal agency - 999 - 999 Municipal obligations - 21,742 - 21,742 Total securities available for sale $ - $ 45,716 $ - $ 45,716 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ - $ - $ 2,154 $ 2,154 Commercial real estate - - 991 991 Commercial business - - 467 467 Total impaired loans $ - $ - $ 3,612 $ 3,612 Foreclosed real estate: One-to-four family residential $ - $ - $ 138 $ 138 Commercial real estate - - 38 38 Total foreclosed real estate $ - $ - $ 176 $ 176 Real estate held for sale $ - $ - $ 270 $ 270

PARENT COMPANY CONDENSED FINA_2

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Schedule of condensed balance sheet	BALANCE SHEET (In thousands) As of December 31 2018 ASSETS Cash and due from banks $ 12,885 Other assets 99 Investment in subsidiary 35,905 $ 48,889 LIABILITIES AND EQUITY Accrued expenses and other liabilities $ 46 Stockholders' equity 48,843 $ 48,889
Schedule of condensed income statement	STATEMENT OF INCOME (In thousands) Year Ended December 31, 2018 Other operating expenses $ (319 ) Loss before income taxes and equity in undistributed net income of subsidiary (319 ) Income tax benefit (89 ) Loss before equity in undistributed net income of subsidiary (230 ) Equity in undistributed net income of subsidiary 1,643 Net Income $ 1,413
Schedule of condensed cash flow statement	STATEMENT OF CASH FLOWS (In thousands) Year Ended December 31, 2018 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 1,413 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiary (1,643 ) Net change in other assets and liabilities (53 ) Net Cash Used In Operating Activities (283 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of common stock 22,374 Investment in Bank (10,162 ) Contribution of Mid-Southern, M.H.C. 1,023 Cash dividends paid (67 ) Net Cash Provided By Financing Activities 13,168 Net Increase in Cash and Cash Equivalents 12,885 Cash and cash equivalents at beginning of year - Cash and Cash Equivalents at End of Year $ 12,885

SELECTED QUARTERLY FINANCIAL _2

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]
Schedule of selected quarterly financial information	First Second Third Fourth Quarter Quarter Quarter Quarter Total 2018 (In thousands, except per share data) Interest income $ 1,657 $ 1,759 $ 1,898 $ 1,962 $ 7,276 Interest expense 174 182 186 187 729 Net interest income 1,483 1,577 1,712 1,775 6,547 Recapture of provision for loan losses - - - (200 ) (200 ) Net interest income after provision for loan losses 1,483 1,577 1,712 1,975 6,747 Noninterest income 209 205 210 216 840 Noninterest expenses 1,294 1,424 1,589 1,572 5,879 Income before income taxes 398 358 333 619 1,708 Income tax expense 77 62 57 99 295 Net income $ 321 $ 296 $ 276 $ 520 $ 1,413 Earnings per common share Basic $ 0.09 $ 0.09 $ 0.08 $ 0.15 $ 0.41 Diluted $ 0.09 $ 0.09 $ 0.08 $ 0.15 $ 0.41 2017 Interest income $ 1,620 $ 1,608 $ 1,624 $ 1,626 $ 6,478 Interest expense 162 167 161 165 655 Net interest income 1,458 1,441 1,463 1,461 5,823 Recapture of provision for loan losses (300 ) - - (400 ) (700 ) Net interest income after provision for loan losses 1,758 1,441 1,463 1,861 6,523 Noninterest income 215 208 214 247 884 Noninterest expenses 1,255 1,259 1,331 1,407 5,252 Income before income taxes 718 390 346 701 2,155 Income tax expense 251 122 105 504 982 Net income $ 467 $ 268 $ 241 $ 197 $ 1,173 Earnings per common share Basic $ 0.13 $ 0.08 $ 0.07 $ 0.06 $ 0.34 Diluted $ 0.13 $ 0.08 $ 0.07 $ 0.06 $ 0.34

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals)	12 Months Ended
	Dec. 31, 2018USD ($)Loan$ / sharesshares	Dec. 31, 2017USD ($)Loanshares
Summary Of Significant Accounting Policies [Line Items]
Maximum estimated value for new appraisals or valuations	$ 100,000
Aggregate recorded investment	3,078,000	$ 3,754,000
Aggregate unpaid principal balance	3,582,000	4,438,000
Portfolio segments other than consumer loans
Summary Of Significant Accounting Policies [Line Items]
Net partial charge offs loan	$ 51,000	$ 19,000
Number of loans | Loan	13	15
Aggregate recorded investment	$ 691,000	$ 646,000
Aggregate unpaid principal balance	1,200,000	1,400,000
Net partial charge offs recorded for impaired financing receivable	$ 279,000	$ 389,000
Mid-Southern, M.H.C. (the "MHC")
Summary Of Significant Accounting Policies [Line Items]
Percentages of owned subsidiary of the MHC	70.83%
Mid-Southern, MHC's plan of conversion from mutual to stock form of ownership
Summary Of Significant Accounting Policies [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued | shares	2,559,871
Purchase price per share for shares issued in plan of conversion | $ / shares	$ 10
Expenses related to stock offering	$ 1,200,000
Amount of net proceeds in plan of conversion	24,400,000
Contribution to Bank in plan of conversion	$ 10,200,000
Number of shares exchanged to public stockholders | shares	2.3462	2.3462
Number of shares issued | shares	3,565,430
Employee stock ownership plan ("ESOP") | Mid-Southern, MHC's plan of conversion from mutual to stock form of ownership
Summary Of Significant Accounting Policies [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued | shares	204,789
Purchase price per share for shares issued in plan of conversion | $ / shares	$ 10
Proceeds to fund ESOP	$ 2,000,000

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities available for sale:
Amortized Cost	$ 53,362	$ 45,778
Gross Unrealized Gains	381	343
Gross Unrealized Losses	603	405
Fair Value	53,140	45,716
Agency MBS
Securities available for sale:
Amortized Cost	9,140	14,604
Gross Unrealized Gains	0	0
Gross Unrealized Losses	269	208
Fair Value	8,871	14,396
Agency CMO
Securities available for sale:
Amortized Cost	15,569	8,700
Gross Unrealized Gains	114	0
Gross Unrealized Losses	124	121
Fair Value	15,559	8,579
Mortgage back securities
Securities available for sale:
Amortized Cost	24,709	23,304
Gross Unrealized Gains	114	0
Gross Unrealized Losses	393	329
Fair Value	24,430	22,975
Federal agency
Securities available for sale:
Amortized Cost		1,000
Gross Unrealized Gains		0
Gross Unrealized Losses		1
Fair Value		999
Municipal obligations
Securities available for sale:
Amortized Cost	28,653	21,474
Gross Unrealized Gains	267	343
Gross Unrealized Losses	210	75
Fair Value	$ 28,710	$ 21,742

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Available for Sale Amortized Cost
Amortized Cost	$ 53,362	$ 45,778
Available for Sale Fair Value
Fair Value	53,140	45,716
MBS and CMO
Available for Sale Amortized Cost
Amortized Cost	24,709	23,304
Available for Sale Fair Value
Fair Value	24,430	22,975
Municipal obligations
Available for Sale Amortized Cost
Due in one year or less, Amortized Cost	385
Due after one year through five years, Amortized Cost	850
Due after five years through ten years, Amortized Cost	6,085
Due after ten years, Amortized Cost	21,333
Amortized Cost	28,653	21,474
Available for Sale Fair Value
Due in one year or less, Fair Value	385
Due after one year through five years, Fair Value	887
Due after five years through ten years, Fair Value	6,070
Due after ten years, Fair Value	21,368
Fair Value	$ 28,710	$ 21,742

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities held to maturity:
Amortized Cost	$ 100	$ 163
Gross Unrealized Gains	1	4
Gross Unrealized Losses	0	0
Fair Value	101	167
Agency MBS
Securities held to maturity:
Amortized Cost	55	78
Gross Unrealized Gains	1	2
Gross Unrealized Losses	0	0
Fair Value	56	80
Municipal obligations
Securities held to maturity:
Amortized Cost	45	85
Gross Unrealized Gains	0	2
Gross Unrealized Losses	0	0
Fair Value	$ 45	$ 87

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Held to Maturity, Amortized Cost
Amortized Cost	$ 100	$ 163
Held to Maturity, Fair Value
Fair Value	101	167
Municipal obligations
Held to Maturity, Amortized Cost
Due in one year or less, Amortized Cost	45
Due after one year through five years, Amortized Cost	0
Due after five years through ten years, Amortized Cost	0
Due after ten years, Amortized Cost	0
Amortized Cost	45	85
Held to Maturity, Fair Value
Due in one year or less, Fair Value	45
Due after one year through five years, Fair Value	0
Due after five years through ten years, Fair Value	0
Due after ten years, Fair Value	0
Fair Value	45	$ 87
MBS and CMO
Held to Maturity, Amortized Cost
Amortized Cost	55
Held to Maturity, Fair Value
Fair Value	$ 56

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details 4) $ in Thousands	Dec. 31, 2018USD ($)Position	Dec. 31, 2017USD ($)Position
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | Position	7	12
Continuous loss position less than 12 months: Fair Value	$ 3,258	$ 10,858
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 19	$ 39
Continuous loss position more than 12 months: Number of Investment Positions | Position	38	18
Continuous loss position more than 12 months: Fair Value	$ 26,148	$ 17,599
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 584	$ 366
Total securities available for sale: Number of Positions | Position	45	30
Total securities available for sale: Fair Value	$ 29,406	$ 28,457
Total securities available for sale: Gross Unrealized Losses	$ 603	$ 405
Federal agency
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | Position		1
Continuous loss position less than 12 months: Fair Value		$ 999
Continuous loss position less than 12 months: Gross Unrealized Losses		$ 1
Agency MBS
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | Position		3
Continuous loss position less than 12 months: Fair Value		$ 2,543
Continuous loss position less than 12 months: Gross Unrealized Losses		$ 13
Continuous loss position more than 12 months: Number of Investment Positions | Position	11	12
Continuous loss position more than 12 months: Fair Value	$ 8,871	$ 11,848
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 269	$ 195
Agency CMO
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | Position		4
Continuous loss position less than 12 months: Fair Value		$ 4,777
Continuous loss position less than 12 months: Gross Unrealized Losses		$ 12
Continuous loss position more than 12 months: Number of Investment Positions | Position	6	3
Continuous loss position more than 12 months: Fair Value	$ 5,666	$ 3,802
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 124	$ 109
Municipal obligations
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | Position	7	4
Continuous loss position less than 12 months: Fair Value	$ 3,258	$ 2,539
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 19	$ 13
Continuous loss position more than 12 months: Number of Investment Positions | Position	21	3
Continuous loss position more than 12 months: Fair Value	$ 11,611	$ 1,949
Continuous loss position more than 12 months: Gross Unrealized Losses	$ 191	$ 62

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Percentage of deprecation in loss position for available-for-sale debt securities from amortized cost basis	1.40%	2.01%
Realized gross gain on sale of securities available for sale	$ 57,000
Realized gross loss on sale of securities available for sale	$ 18,000

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES - Components of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 127,767	$ 116,588
Deferred loan origination fees and costs, net	30	31
Allowance for loan losses	(1,504)	(1,723)	$ (2,503)
Loans, net	126,293	114,896
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,100	2,169
Deferred loan origination fees and costs, net	(31)	(6)
Allowance for loan losses	(48)	(20)	(9)
Residential real estate | One-to-four family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	80,322	79,899
Deferred loan origination fees and costs, net	16	0
Allowance for loan losses	(1,012)	(1,070)	(1,571)
Residential real estate | Multi-family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	7,054	6,352
Deferred loan origination fees and costs, net	(9)	(8)
Allowance for loan losses	(59)	(220)	(338)
Residential real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	0	108
Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	27,153	22,315
Deferred loan origination fees and costs, net	(3)	(5)
Allowance for loan losses	(259)	(269)	(404)
Commercial business loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,939	3,875
Deferred loan origination fees and costs, net	10	7
Allowance for loan losses	(98)	(111)	(134)
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,199	1,978
Deferred loan origination fees and costs, net	47	43
Allowance for loan losses	$ (28)	$ (33)	$ (47)

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES - Activity for related party loans (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, January 1, 2018 (as adjusted)	$ 1,955
New loans	327
Payments	(144)
Balance, December 31, 2018	$ 2,138

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES - Components of recorded investment (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Recorded Investment in Loans:
Principal loan balance	$ 127,767	$ 116,588
Accrued interest receivable	435	421
Net deferred loan fees/costs	30	31
Recorded investment in loans	128,232	117,040
Construction
Recorded Investment in Loans:
Principal loan balance	5,100	2,169
Accrued interest receivable	8	6
Net deferred loan fees/costs	(31)	(6)
Recorded investment in loans	5,077	2,169
Residential real estate | One-to-Four Family Residential
Recorded Investment in Loans:
Principal loan balance	80,322	79,899
Accrued interest receivable	293	301
Net deferred loan fees/costs	16	0
Recorded investment in loans	80,631	80,200
Residential real estate | Multi-Family Residential
Recorded Investment in Loans:
Principal loan balance	7,054	6,352
Accrued interest receivable	16	15
Net deferred loan fees/costs	(9)	(8)
Recorded investment in loans	7,061	6,359
Residential real estate | Construction
Recorded Investment in Loans:
Principal loan balance	0	108
Commercial Real Estate
Recorded Investment in Loans:
Principal loan balance	27,153	22,315
Accrued interest receivable	90	81
Net deferred loan fees/costs	(3)	(5)
Recorded investment in loans	27,240	22,391
Commercial Business
Recorded Investment in Loans:
Principal loan balance	5,939	3,875
Accrued interest receivable	23	13
Net deferred loan fees/costs	10	7
Recorded investment in loans	5,972	3,895
Consumer
Recorded Investment in Loans:
Principal loan balance	2,199	1,978
Accrued interest receivable	5	5
Net deferred loan fees/costs	47	43
Recorded investment in loans	$ 2,251	$ 2,026

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES - Analysis of allowance for loan losses and recorded investment in loans (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses:
Beginning balance	$ 1,723	$ 2,503
Provisions	(200)	(700)
Charge-offs	(200)	(101)
Recoveries	181	21
Ending balance	1,504	1,723
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$ 100	$ 142
Collectively evaluated for impairment			1,404	1,581
Ending balance	1,723	1,723	1,504	1,723
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			3,961	6,568
Collectively evaluated for impairment			124,271	110,472
Total Loans			128,232	117,040
Construction
Allowance for Loan Losses:
Beginning balance	20	9
Provisions	27	11
Charge-offs	0	0
Recoveries	1	0
Ending balance	48	20
Ending allowance balance attributable to loans:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			48	20
Ending balance	20	20	48	20
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			5,077	2,169
Total Loans			5,077	2,169
Residential real estate | One-to-Four Family Residential
Allowance for Loan Losses:
Beginning balance	1,070	1,571
Provisions	(38)	(443)
Charge-offs	(182)	(64)
Recoveries	162	6
Ending balance	1,012	1,070
Ending allowance balance attributable to loans:
Individually evaluated for impairment			34	56
Collectively evaluated for impairment			978	1,014
Ending balance	1,070	1,070	1,012	1,070
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			2,623	4,416
Collectively evaluated for impairment			78,008	75,784
Total Loans			80,631	80,200
Residential real estate | Multi-Family Residential
Allowance for Loan Losses:
Beginning balance	220	338
Provisions	(161)	(118)
Charge-offs	0	0
Recoveries	0	0
Ending balance	59	220
Ending allowance balance attributable to loans:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			59	220
Ending balance	220	220	59	220
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			7,061	6,359
Total Loans			7,061	6,359
Commercial Real Estate
Allowance for Loan Losses:
Beginning balance	269	404
Provisions	(10)	(117)
Charge-offs	0	(19)
Recoveries	0	1
Ending balance	259	269
Ending allowance balance attributable to loans:
Individually evaluated for impairment			22	28
Collectively evaluated for impairment			237	241
Ending balance	269	269	259	269
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			868	1,628
Collectively evaluated for impairment			26,372	20,763
Total Loans			27,240	22,391
Commercial Business
Allowance for Loan Losses:
Beginning balance	111	134
Provisions	(13)	(23)
Charge-offs	(2)	0
Recoveries	2	0
Ending balance	98	111
Ending allowance balance attributable to loans:
Individually evaluated for impairment			44	58
Collectively evaluated for impairment			54	53
Ending balance	111	111	98	111
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			470	524
Collectively evaluated for impairment			5,502	3,371
Total Loans			5,972	3,895
Consumer
Allowance for Loan Losses:
Beginning balance	33	47
Provisions	(5)	(10)
Charge-offs	(16)	(18)
Recoveries	16	14
Ending balance	28	33
Ending allowance balance attributable to loans:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			28	33
Ending balance	$ 33	$ 33	28	33
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			2,251	2,026
Total Loans			$ 2,251	$ 2,026

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES - Summary of impaired loans (Details 4) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans with no related allowance recorded:
Recorded Investment	$ 1,656	$ 2,187
Unpaid Principal Balance	2,061	2,751
Loans with an allowance recorded:
Recorded Investment	1,422	1,567
Unpaid Principal Balance	1,521	1,687
Related Allowance	100	142
Total Recorded Investment	3,078	3,754
Total Unpaid Principal Balance	3,582	4,438
Related Allowance for Loan Losses	100	142
Construction
Loans with no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Total Recorded Investment	0	0
Total Unpaid Principal Balance	0	0
Related Allowance for Loan Losses	0	0
Residential real estate | One-to-Four Family Residential
Loans with no related allowance recorded:
Recorded Investment	1,212	1,492
Unpaid Principal Balance	1,614	1,980
Loans with an allowance recorded:
Recorded Investment	645	718
Unpaid Principal Balance	691	766
Related Allowance	34	56
Total Recorded Investment	1,857	2,210
Total Unpaid Principal Balance	2,305	2,746
Related Allowance for Loan Losses	34	56
Residential real estate | Multi-Family Residential
Loans with no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Total Recorded Investment	0	0
Total Unpaid Principal Balance	0	0
Related Allowance for Loan Losses	0	0
Commercial Real Estate
Loans with no related allowance recorded:
Recorded Investment	394	684
Unpaid Principal Balance	398	761
Loans with an allowance recorded:
Recorded Investment	357	335
Unpaid Principal Balance	356	348
Related Allowance	22	28
Total Recorded Investment	751	1,019
Total Unpaid Principal Balance	754	1,109
Related Allowance for Loan Losses	22	28
Commercial Business
Loans with no related allowance recorded:
Recorded Investment	50	11
Unpaid Principal Balance	49	10
Loans with an allowance recorded:
Recorded Investment	420	514
Unpaid Principal Balance	474	573
Related Allowance	44	58
Total Recorded Investment	470	525
Total Unpaid Principal Balance	523	583
Related Allowance for Loan Losses	44	58
Consumer
Loans with no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Total Recorded Investment	0	0
Total Unpaid Principal Balance	0	0
Related Allowance for Loan Losses	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES - Summary of average recorded investment and interest income recognized for impaired loans (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Loans with no related allowance recorded:
Average Recorded Investment	$ 2,018	$ 2,560
Interest Income Recognized	21	21
Loans with an allowance recorded:
Average Recorded Investment	1,548	1,786
Interest Income Recognized	78	83
Total Average Recorded Investment	3,566	4,346
Total Interest Income Recognized	99	104
Construction
Loans with no related allowance recorded:
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Loans with an allowance recorded:
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Average Recorded Investment	0	0
Total Interest Income Recognized	0	0
Residential real estate | One-to-four family residential
Loans with no related allowance recorded:
Average Recorded Investment	1,418	1,719
Interest Income Recognized	11	9
Loans with an allowance recorded:
Average Recorded Investment	687	784
Interest Income Recognized	31	32
Total Average Recorded Investment	2,105	2,503
Total Interest Income Recognized	42	41
Residential real estate | Multi-Family Residential
Loans with no related allowance recorded:
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Loans with an allowance recorded:
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Average Recorded Investment	0	0
Total Interest Income Recognized	0	0
Commercial Real Estate
Loans with no related allowance recorded:
Average Recorded Investment	563	810
Interest Income Recognized	8	12
Loans with an allowance recorded:
Average Recorded Investment	365	426
Interest Income Recognized	20	21
Total Average Recorded Investment	928	1,236
Total Interest Income Recognized	28	33
Commercial Business
Loans with no related allowance recorded:
Average Recorded Investment	37	12
Interest Income Recognized	2	0
Loans with an allowance recorded:
Average Recorded Investment	496	574
Interest Income Recognized	27	30
Total Average Recorded Investment	533	586
Total Interest Income Recognized	29	30
Consumer
Loans with no related allowance recorded:
Average Recorded Investment	0	19
Interest Income Recognized	0	0
Loans with an allowance recorded:
Average Recorded Investment	0	2
Interest Income Recognized	0	0
Total Average Recorded Investment	0	21
Total Interest Income Recognized	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES - Recorded investment in nonperforming loans (Details 6) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	$ 1,295	$ 1,878
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	1,295	1,878
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	0	0
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	978	1,333
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	978	1,333
Residential real estate | Multi-Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	0	0
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	313	535
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	313	535
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	4	10
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	4	10
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Days Past Due Still Accruing	0	0
Total Nonperforming Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES - Aging of recorded investment in loans (Details 7) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 3,300	$ 3,766
Current	124,932	113,274
Total Loans	128,232	117,040
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,144	1,692
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	951	1,465
Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	205	609
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Current	5,077	2,169
Total Loans	5,077	2,169
Construction | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Construction | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Construction | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Residential real estate | One-to-Four Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,970	3,387
Current	77,661	76,813
Total Loans	80,631	80,200
Residential real estate | One-to-Four Family Residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,912	1,599
Residential real estate | One-to-Four Family Residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	853	1,276
Residential real estate | One-to-Four Family Residential | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	205	512
Residential real estate | Multi-Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Current	7,061	6,359
Total Loans	7,061	6,359
Residential real estate | Multi-Family Residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Residential real estate | Multi-Family Residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Residential real estate | Multi-Family Residential | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	330	374
Current	26,910	22,017
Total Loans	27,240	22,391
Commercial Real Estate | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	232	88
Commercial Real Estate | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	98	189
Commercial Real Estate | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	97
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	5
Current	5,972	3,890
Total Loans	5,972	3,895
Commercial Business | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	5
Commercial Business | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial Business | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Current	2,251	2,026
Total Loans	2,251	2,026
Consumer | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Consumer | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Consumer | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_11

LOANS AND ALLOWANCE FOR LOAN LOSSES - Recorded investment in loans by risk category (Details 8) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 128,232	$ 117,040
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	124,956	112,179
Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	50
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,276	4,811
Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	5,077	2,169
Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	5,077	2,169
Construction | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Construction | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Construction | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Construction | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | One-to-Four Family Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	80,631	80,200
Residential real estate | One-to-Four Family Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	78,487	77,205
Residential real estate | One-to-Four Family Residential | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | One-to-Four Family Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,144	2,995
Residential real estate | One-to-Four Family Residential | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | One-to-Four Family Residential | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | Multi-Family Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	7,061	6,359
Residential real estate | Multi-Family Residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	7,061	6,359
Residential real estate | Multi-Family Residential | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | Multi-Family Residential | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | Multi-Family Residential | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Residential real estate | Multi-Family Residential | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	27,240	22,391
Commercial Real Estate | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	26,578	21,049
Commercial Real Estate | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	50
Commercial Real Estate | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	662	1,292
Commercial Real Estate | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Real Estate | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	5,972	3,895
Commercial Business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	5,502	3,371
Commercial Business | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	470	524
Commercial Business | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,251	2,026
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,251	2,026
Consumer | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_12

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring by accrual status (Details 9) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	$ 1,785	$ 1,875
Nonaccrual	159	220
Total	1,944	2,095
Related Allowance for Loan Losses	100	142
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance for Loan Losses	0	0
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	879	877
Nonaccrual	0	0
Total	879	877
Related Allowance for Loan Losses	34	56
Residential real estate | Multi-Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance for Loan Losses	0	0
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	439	484
Nonaccrual	155	209
Total	594	693
Related Allowance for Loan Losses	22	28
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	467	514
Nonaccrual	4	11
Total	471	525
Related Allowance for Loan Losses	44	58
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance for Loan Losses	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_13

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring that were restructured (Details 10) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)Contract	Dec. 31, 2017USD ($)Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	3	2
Pre-Modification Outstanding Balance	$ 216	$ 194
Post-Modification Outstanding Balance	$ 245	$ 198
Residential real estate | One-to-Four Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	1
Pre-Modification Outstanding Balance	$ 54
Post-Modification Outstanding Balance	$ 82
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	1	1
Pre-Modification Outstanding Balance	$ 159	$ 182
Post-Modification Outstanding Balance	$ 159	$ 182
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	1	1
Pre-Modification Outstanding Balance	$ 3	$ 12
Post-Modification Outstanding Balance	$ 4	$ 16

LOANS AND ALLOWANCE FOR LOAN_14

LOANS AND ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commitments to lend additional funds to debtors		$ 377,000
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value of loans pledged as collateral	$ 71,500,000

FORECLOSED REAL ESTATE (Details

FORECLOSED REAL ESTATE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Other Real Estate [Roll Forward]
Balance	$ 176	$ 314
Transfers from loans to foreclosed real estate	184	229
Direct write-downs	0	0
Sales	(360)	(367)
Balance	$ 0	$ 176

FORECLOSED REAL ESTATE (Detai_2

FORECLOSED REAL ESTATE (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Real Estate Owned [Abstract]
Net loss on sales	$ 6	$ 0
Direct write-downs	0	0
Operating expenses, net of rental income	11	30
Total loss on foreclosed real estate owned	$ 17	$ 30

FORECLOSED REAL ESTATE (Detail

FORECLOSED REAL ESTATE (Detail Textuals) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Real Estate Owned [Line Items]
Foreclosure proceedings in process	$ 170,000	$ 290,000
One-to-Four Family Residential
Real Estate Owned [Line Items]
Foreclosed real estate		$ 138,000

REAL ESTATE HELD FOR SALE (Deta

REAL ESTATE HELD FOR SALE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Real Estate Held for Development and Sale [Abstract]
Value of reclassification from premises and equipment to real estate held for sale			$ 325,000
Impairment losses on real estate held for sale	$ 31,000	$ 55,000

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 4,290	$ 4,316
Less accumulated depreciation	2,362	2,284
Totals	1,928	2,032
Land and land improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	507	507
Office buildings
Property, Plant and Equipment [Line Items]
Total property and equipment	2,224	2,224
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,559	$ 1,585

DEPOSITS (Details)

DEPOSITS (Details) $ in Thousands	Dec. 31, 2018USD ($)
Deposits [Abstract]
2019	$ 17,410
2020	18,310
2021	9,072
2022	4,434
2023	3,489
Time deposits	$ 52,715

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Savings and interest-bearing demand deposits	$ 130	$ 137
Time deposits	584	518
Interest expense on deposits	$ 714	$ 655

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Federal deposit insurance corporation insurance limit of $250,000	$ 8.1	$ 2.2
Held deposits for related party	$ 3.5	$ 3.7

LEASE COMMITMENT (Detail Textua

LEASE COMMITMENT (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Original monthly lease payment			$ 2,000
Minimum lease payments remaining under the lease	$ 14,000
Rental expense for operating lease	$ 27,000	$ 27,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Current									$ 240	$ 361
Deferred									55	621
Totals	$ 99	$ 57	$ 62	$ 77	$ 504	$ 105	$ 122	$ 251	$ 295	$ 982

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provision at federal statutory rate									$ 359	$ 733
State income tax-net of federal tax benefit									61	58
Effect of change in federal tax rate on net deferred tax asset										295
Municipal interest income									(105)	(80)
Bank-owned life insurance income									(15)	(25)
Other									(5)	1
Totals	$ 99	$ 57	$ 62	$ 77	$ 504	$ 105	$ 122	$ 251	$ 295	$ 982
Effective tax rate									17.30%	45.60%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets (liabilities):
Director deferred compensation plan	$ 55	$ 62
Allowance for loan losses	381	446
Valuation allowance - real estate held for sale	74	67
Nonaccrual loan interest income	71	71
Unrealized loss on securities available for sale	55	15
Other	14	2
Total deferred tax assets	650	663
Depreciation	(49)	(58)
FHLB stock dividends	(19)	(19)
Prepaid expenses	(24)	(12)
Net deferred loan costs	(7)	(8)
Total deferred tax liabilities	(99)	(97)
Net deferred tax asset	$ 551	$ 566

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal corporate income tax rate	21.00%	34.00%
Reclassification of income tax effect of change in federal corporate tax rate from AOCI to retained earnings	$ 8,000	$ 8,000
Cumulative deductions for which no deferred federal income tax liability not recognized	1,400,000	1,400,000
Reduction of reserves for purposes other than tax bad debt losses or adjustments for which deferred tax liability not recognized	$ 294,000	$ 294,000

DEFERRED DIRECTORS COMPENSATI_2

DEFERRED DIRECTORS COMPENSATION PLAN (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deferred Directors Compensation Plan [Abstract]
Balance of the accrued benefit plan	$ 223,000	$ 249,000
Deferred compensation expense	$ 17,000	$ 17,000

EMPLOYEE BENEFIT PLANS (Detail

EMPLOYEE BENEFIT PLANS (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Defined contribution plan, employer contribution	$ 79,000	$ 155,000
Number of shares purchased by ESOP trust	204,789
Initial public offering price of shares issued in ESOP plan	$ 10
Term of loan under ESOP	20 years
ESOP compensation expense	$ 64,000
Number of allocated shares held in ESOP trust	5,147
Number of unallocated shares held in ESOP trust	199,642
ESOP, fair value of the unallocated shares	$ 2,310,000

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details)	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term, options vested and expected to vest	2 years 7 months 6 days
Stock options
Number of shares
Outstanding at beginning of year | shares	2,808
Granted | shares	234
Exercised | shares	0
Forfeited or expired | shares	(234)
Outstanding at end of year | shares	2,808
Vested and expected to vest | shares	2,808
Exercisable at end of year | shares	2,527
Weighted Average Exercise Price
Outstanding at beginning of year | $ / shares	$ 5.97
Granted | $ / shares	10.66
Exercised | $ / shares	0
Forfeited or expired | $ / shares	10.66
Vested and expected to vest | $ / shares	5.97
Outstanding at end of year | $ / shares	5.97
Exercisable at end of year | $ / shares	$ 5.79
Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Weighted Average Remaining Contractual Term, options vested and expected to vest	3 years 9 months 18 days
Weighted Average Remaining Contractual Term, options exercisable	3 years 3 months 18 days
Outstanding shares, Aggregate Intrinsic Value | $	$ 16,000
Vested and expected to vest, Aggregate Intrinsic Value | $	16,000
Exercisable at end of year Aggregate IntrinsicValue | $	$ 15,000

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS (Details 1) - Restricted stock	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Number of shares
Nonvested at beginning of year | shares	514
Granted | shares	234
Vested | shares	(234)
Forfeited | shares	(234)
Nonvested at end of year | shares	280
Weighted Average Grant-Date Fair Value
Nonvested at beginning of year | $ / shares	$ 7.04
Granted | $ / shares	10.66
Vested | $ / shares	6.94
Forfeited | $ / shares	10.66
Nonvested at end of year | $ / shares	$ 7.12

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost charged against income	$ 1,000	$ 2,000
Total fair value of shares vested	2,000	$ 2,000
Unrecognized compensation expense related to nonvested restricted shares	$ 1,000
Weighted average vesting period	2 years 7 months 6 days
1999 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option conversion term	10 years
Number of stock options granted under expired plan	78,227
Conversion exchange ratio	2.3462 to one
2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares approved for awards of stock options and restricted stock	127,849
Awards adjusted for stock options	2,574
Common stock have been granted, net of forfeitures	3,320
Vesting period	5 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loan commitments Fixed rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 1,642	$ 1,288
Loan commitments Adjustable rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	2,602	5,900
Undisbursed commercial and personal lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	9,186	9,536
Undisbursed portion of commercial construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	2,101	1,843
Undisbursed portion of residential construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	0	22
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 15,531	$ 18,589

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details 1) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Standby letters of credit
Loss Contingencies [Line Items]
Outstanding standby letters of credit	$ 26,000	$ 26,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Total Capital (to risk weighted assets) Actual Amount	$ 37,542	$ 25,572
Total Capital (to risk weighted assets) Actual Ratio	31.90%	23.40%
Total Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Amount	$ 11,608	$ 10,117
Total Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Ratio	9.875%	9.25%
Total Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Amount	$ 11,755	$ 10,937
Total Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Ratio	10.00%	10.00%
Tier 1 Capital (to risk weighted assets) Actual Amount	$ 36,073	$ 24,201
Tier 1 Capital (to risk weighted assets) Actual Ratio	30.70%	22.10%
Tier 1 Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Amount	$ 9,257	$ 7,929
Tier 1 Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Ratio	7.875%	7.25%
Tier 1 Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Amount	$ 9,404	$ 8,750
Tier 1 Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Ratio	8.00%	8.00%
Common equity Tier 1 Capital (to risk weighted assets) Actual Amount	$ 36,073	$ 24,201
Common equity Tier 1 Capital (to risk weighted assets) Actual Ratio	30.70%	22.10%
Common equity Tier 1 Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Amount	$ 7,494	$ 6,289
Common equity Tier 1 Capital (to risk weighted assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Ratio	6.375%	5.75%
Common equity Tier 1 Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Amount	$ 7,641	$ 7,109
Common equity Tier 1 Capital (to risk weighted assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Ratio	6.50%	6.50%
Tier 1 Capital (to average adjusted total assets) Actual Amount	$ 36,073	$ 24,201
Tier 1 Capital (to average adjusted total assets) Actual Ratio	18.00%	13.50%
Tier 1 Capital (to average adjusted total assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Amount	$ 8,024	$ 7,153
Tier 1 Capital (to average adjusted total assets) Minimum for Capital Adequacy Purposes with Capital Conservation Buffer: Ratio	4.00%	4.00%
Tier 1 Capital (to average adjusted total assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Amount	$ 10,030	$ 8,942
Tier 1 Capital (to average adjusted total assets) Minimum to be Well Capitalized under Prompt Corrective Action Provisions: Ratio	5.00%	5.00%

REGULATORY MATTERS (Detail Text

REGULATORY MATTERS (Detail Textuals)	Dec. 31, 2018	Dec. 31, 2017
Banking and Thrift [Abstract]
Capital conservation buffer	1.875%	1.25%

STOCKHOLDERS' EQUITY (Detail Te

STOCKHOLDERS' EQUITY (Detail Textuals)	12 Months Ended
	Dec. 31, 2017USD ($)
Stockholders' Equity Note [Abstract]
Dividends on the shares held	$ 62,000

DISCLOSURES ABOUT FAIR VALUE _3

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial assets:
Securities available for sale	$ 53,140	$ 45,716
Securities held to maturity	100	163
Loans, net	126,293	114,896
FHLB stock	778	778
Carrying Value
Financial assets:
Cash and cash equivalents	12,700	7,464
Securities available for sale	53,140	45,716
Securities held to maturity	100	163
Loans, net	126,293	114,896
FHLB stock	778	778
Accrued interest receivable	831	662
Financial liabilities:
Deposits	151,108	151,893
Level 1
Financial assets:
Cash and cash equivalents	12,700	7,464
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	53,140	45,716
Securities held to maturity	100	167
Loans, net	0	0
Accrued interest receivable	831	662
Financial liabilities:
Deposits	0	0
Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	125,908	114,018
Accrued interest receivable	0	0
Financial liabilities:
Deposits	$ 150,020	$ 150,943

SUPPLEMENTAL DISCLOSURE OF CA_3

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash payments for:
Interest	$ 729	$ 655
Net taxes paid	329	280
Noncash investing activities:
Transfers from loans to real estate acquired through foreclosure	$ 184	$ 248

SUPPLEMENTAL DISCLOSURE FOR E_3

SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018		Dec. 31, 2017
Basic - Earnings:
Net income	$ 520	$ 276	$ 296	$ 321	$ 197	$ 241	$ 268	$ 467	$ 1,413		$ 1,173
Shares:
Weighted average common shares outstanding									3,409,615		3,446,535
Net income per common share, basic (in dollars per share)	$ 0.15	$ 0.08	$ 0.09	$ 0.09	$ 0.06	$ 0.07	$ 0.08	$ 0.13	$ 0.41	[1]	$ 0.34	[1]
Diluted - Earnings:
Net income	$ 520	$ 276	$ 296	$ 321	$ 197	$ 241	$ 268	$ 467	$ 1,413		$ 1,173
Shares:
Weighted average common shares outstanding									3,409,615		3,446,535
Add: Dilutive effect of stock options									3		0
Add: Dilutive effect of restricted stock									308		253
Weighted average common shares outstanding, as adjusted									3,409,926		3,446,788
Net income per common share, diluted (in dollars per share)	$ 0.15	$ 0.08	$ 0.09	$ 0.09	$ 0.06	$ 0.07	$ 0.08	$ 0.13	$ 0.41	[1]	$ 0.34	[1]
[1]	Per share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). See Note 1 to the consolidated financial statements.

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 53,140	$ 45,716
Real estate held for sale	239	270
One-to-Four Family Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate		138
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,140	45,716
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,140	45,716
Assets Measured on a Recurring Basis | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8,871	14,396
Assets Measured on a Recurring Basis | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	15,559	8,579
Assets Measured on a Recurring Basis | Federal agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		999
Assets Measured on a Recurring Basis | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	28,710	21,742
Assets Measured on a Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 1 | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 1 | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 1 | Federal agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0
Assets Measured on a Recurring Basis | Level 1 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	53,140	45,716
Assets Measured on a Recurring Basis | Level 2 | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8,871	14,396
Assets Measured on a Recurring Basis | Level 2 | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	15,559	8,579
Assets Measured on a Recurring Basis | Level 2 | Federal agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		999
Assets Measured on a Recurring Basis | Level 2 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	28,710	21,742
Assets Measured on a Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 3 | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 3 | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Recurring Basis | Level 3 | Federal agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0
Assets Measured on a Recurring Basis | Level 3 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Assets Measured on a Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	2,978	3,612
Foreclosed real estate		176
Real estate held for sale	239	270
Assets Measured on a Nonrecurring Basis | Residential | One-to-Four Family Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	1,823
Impaired loans		2,154
Foreclosed real estate		138
Assets Measured on a Nonrecurring Basis | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	729	991
Foreclosed real estate		38
Assets Measured on a Nonrecurring Basis | Commercial Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	426	467
Assets Measured on a Nonrecurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate		0
Real estate held for sale	0	0
Assets Measured on a Nonrecurring Basis | Level 1 | Residential | One-to-Four Family Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0
Impaired loans		0
Foreclosed real estate		0
Assets Measured on a Nonrecurring Basis | Level 1 | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate		0
Assets Measured on a Nonrecurring Basis | Level 1 | Commercial Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Assets Measured on a Nonrecurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate		0
Real estate held for sale	0	0
Assets Measured on a Nonrecurring Basis | Level 2 | Residential | One-to-Four Family Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0
Impaired loans		0
Foreclosed real estate		0
Assets Measured on a Nonrecurring Basis | Level 2 | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Foreclosed real estate		0
Assets Measured on a Nonrecurring Basis | Level 2 | Commercial Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Assets Measured on a Nonrecurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	2,978	3,612
Foreclosed real estate		176
Real estate held for sale	239	270
Assets Measured on a Nonrecurring Basis | Level 3 | Residential | One-to-Four Family Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	1,823
Impaired loans		2,154
Foreclosed real estate		138
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	729	991
Foreclosed real estate		38
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 426	$ 467

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Recapture of provision for loan losses	$ 200,000	$ 700,000
Payment of recognized charges write down	31,000	55,000
Real estate held for sale
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Payment of recognized charges write down	31,000	55,000
Level 3 | Cost approach | Appraised value | Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Recapture of provision for loan losses	$ 37,000	$ 5,000
Percentage of discount from appraised value	10.00%	10.00%
Measurement inputs	estimated costs to sell the collateral
Level 3 | Cost approach | Appraised value | Foreclosed real estate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value		10.00%
Level 3 | Cost approach | Appraised value | Real estate held for sale
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value	10.00%
Measurement inputs	estimated costs to sell the property
Level 3 | Cost approach | Minimum | Appraised value | Foreclosed real estate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value		8.00%
Measurement inputs		estimated costs to sell the property
Level 3 | Cost approach | Maximum | Appraised value | Foreclosed real estate
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Percentage of discount from appraised value		15.00%
Measurement inputs		estimated costs to sell the property

PARENT COMPANY CONDENSED FINA_3

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 884	$ 1,151
Other assets	935	878
Total Assets	200,662	176,677
LIABILITIES AND EQUITY
Accrued expenses and other liabilities	711	630
Stockholders' equity	48,843	24,154	$ 22,925
Total Liabilities and Stockholders' Equity	200,662	$ 176,677
Parent company
ASSETS
Cash and due from banks	12,885
Other assets	99
Investment in subsidiary	35,905
Total Assets	48,889
LIABILITIES AND EQUITY
Accrued expenses and other liabilities	46
Stockholders' equity	48,843
Total Liabilities and Stockholders' Equity	$ 48,889

PARENT COMPANY CONDENSED FINA_4

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Condensed Income Statements, Captions [Line Items]
Income tax benefit	$ 99	$ 57	$ 62	$ 77	$ 504	$ 105	$ 122	$ 251	$ 295	$ 982
Net Income	$ 520	$ 276	$ 296	$ 321	$ 197	$ 241	$ 268	$ 467	1,413	$ 1,173
Parent company
Condensed Income Statements, Captions [Line Items]
Other operating expenses									(319)
Loss before income taxes and equity in undistributed net income of subsidiary									(319)
Income tax benefit									(89)
Loss before equity in undistributed net income of subsidiary									(230)
Equity in undistributed net income of subsidiary									1,643
Net Income									$ 1,413

PARENT COMPANY CONDENSED FINA_5

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 520	$ 276	$ 296	$ 321	$ 197	$ 241	$ 268	$ 467	$ 1,413	$ 1,173
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in other assets and liabilities									1,061	(40)
Net Cash Used In Operating Activities									2,527	1,333
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock									22,374
Investment in Bank									785	2,165
Cash dividends paid									(67)
Net Cash Provided By Financing Activities									21,522	(2,253)
Net Increase in Cash and Cash Equivalents									5,236	(847)
Cash and cash equivalents at beginning of year				7,464				$ 8,311	7,464	8,311
Cash and Cash Equivalents at End of Year	12,700				7,464				12,700	7,464
Parent company
CASH FLOWS FROM OPERATING ACTIVITIES
Net income									1,413
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiary									(1,643)
Net change in other assets and liabilities									(53)
Net Cash Used In Operating Activities									(283)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock									22,374
Investment in Bank									(10,162)
Contribution of Mid-Southern, M.H.C.									1,023
Cash dividends paid									(67)
Net Cash Provided By Financing Activities									13,168
Net Increase in Cash and Cash Equivalents									12,885
Cash and cash equivalents at beginning of year				$ 0					0
Cash and Cash Equivalents at End of Year	$ 12,885				$ 0				$ 12,885	$ 0

SELECTED QUARTERLY FINANCIAL _3

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018		Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]
Interest income	$ 1,962	$ 1,898	$ 1,759	$ 1,657	$ 1,626	$ 1,624	$ 1,608	$ 1,620	$ 7,276		$ 6,478
Interest Expense	187	186	182	174	165	161	167	162	729		655
Net interest income	1,775	1,712	1,577	1,483	1,461	1,463	1,441	1,458	6,547		5,823
Recapture of provision for loan losses	(200)	0	0	0	(400)	0	0	(300)	(200)		(700)
Net interest income after provision for loan losses	1,975	1,712	1,577	1,483	1,861	1,463	1,441	1,758	6,747		6,523
Noninterest income	216	210	205	209	247	214	208	215	840		884
Noninterest expenses	1,572	1,589	1,424	1,294	1,407	1,331	1,259	1,255	5,879		5,252
Income before income taxes	619	333	358	398	701	346	390	718	1,708		2,155
Income tax expense	99	57	62	77	504	105	122	251	295		982
Net Income	$ 520	$ 276	$ 296	$ 321	$ 197	$ 241	$ 268	$ 467	$ 1,413		$ 1,173
Earnings per common share:
Basic (in dollars per share)	$ 0.15	$ 0.08	$ 0.09	$ 0.09	$ 0.06	$ 0.07	$ 0.08	$ 0.13	$ 0.41	[1]	$ 0.34	[1]
Diluted (in dollars per share)	$ 0.15	$ 0.08	$ 0.09	$ 0.09	$ 0.06	$ 0.07	$ 0.08	$ 0.13	$ 0.41	[1]	$ 0.34	[1]
[1]	Per share amounts for 2017 have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (2.3462 to one). See Note 1 to the consolidated financial statements.