Mid-Southern Bancorp (MSVB) 10-Q 12 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 04, 2020
Document and Entity Information
Entity Registrant Name	Mid-Southern Bancorp, Inc.
Entity Central Index Key	0001734875
Trading Symbol	msvb
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		3,496,128
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
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	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 2,117	$ 1,577
Interest-bearing deposits with banks	19,625	17,240
Cash and cash equivalents	21,742	18,817
Securities available for sale, at fair value	56,047	58,417
Securities held to maturity	38	42
Loans, net	122,238	123,272
Federal Home Loan Bank stock, at cost	778	778
Real estate held for sale	135	135
Premises and equipment	1,871	1,874
Accrued interest receivable:
Loans	384	410
Securities	375	455
Cash value of life insurance	3,812	3,794
Other assets	882	442
Total Assets	208,302	208,436
Deposits:
Noninterest-bearing	18,992	17,796
Interest-bearing	129,142	129,173
Total deposits	148,134	146,969
Advance from Federal Home Loan Bank	10,000	10,000
Accrued interest payable	15	7
Accrued expenses and other liabilities	642	647
Total Liabilities	158,791	157,623
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,3,565,430 shares issued and 3,539,828 shares outstanding (3,557,728 in 2019)	36	36
Additional paid-in capital	30,440	30,415
Retained earnings, substantially restricted	21,681	21,363
Accumulated other comprehensive (loss) income	(206)	1,281
Unearned ESOP shares	(1,857)	(1,883)
Unearned stock compensation plan	(278)	(300)
Treasury stock, at cost - 25,602 shares (7,702 in 2019)	(305)	(99)
Total Stockholders' Equity	49,511	50,813
Total Liabilities and Stockholders' Equity	$ 208,302	$ 208,436

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
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	30,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	3,565,430	3,565,430
Common stock, shares outstanding	3,539,828	3,557,728
Treasury stock, shares	25,602	7,702

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME
Loans, including fees	$ 1,466	$ 1,542
Investment securities:
Mortgage-backed securities	121	149
Municipal tax exempt	218	165
Other debt securities	69	69
Federal Home Loan Bank dividends	7	13
Interest-bearing deposits with banks and time deposits	52	47
Total interest income	1,933	1,985
INTEREST EXPENSE
Deposits	219	186
Borrowings	44
Total interest expense	263	186
Net interest income	1,670	1,799
Provision for loan losses	57
Net interest income after provision for loan losses	1,613	1,799
NONINTEREST INCOME
Fees and commission	154	174
Increase in cash value of life insurance	17	18
Other income	15	10
Total noninterest income	172	193
NONINTEREST EXPENSE
Compensation and benefits	762	758
Occupancy and equipment	104	101
Data processing	110	296
Professional fees	137	149
Directors' compensation	74	44
Stockholder meeting expense	11	13
Supervisory examinations	19	19
Deposit insurance premiums		13
Other expenses	131	169
Total noninterest expense	1,348	1,562
Income before income taxes	437	430
Income tax expense	52	68
Net Income	$ 385	$ 362
Earnings per common share:
Basic	$ 0.12	$ 0.11
Diluted	$ 0.12	$ 0.11
Deposit account service charges
NONINTEREST INCOME
Fees and commission	$ 49	$ 76
ATM and debit card fee income
NONINTEREST INCOME
Fees and commission	$ 91	$ 89

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 385	$ 362
Unrealized (losses) gains on securities available for sale:
Net unrealized holding (losses) gains arising during the period	(1,979)	586
Income tax benefit (expense)	492	(145)
Net of tax amount	(1,487)	441
Other Comprehensive (Loss) Income, net of tax	(1,487)	441
Total Comprehensive (Loss) Income	$ (1,102)	$ 803

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, 2018	$ 36	$ 30,302	$ 20,672	$ (166)	$ (1,997)	$ (1)	$ (3)	$ 48,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			362					362
Other comprehensive income (loss)	0	0	0	441	0	0	0	441
Cash dividends ($0.02 per share)			(67)					(67)
ESOP shares committed to be released		7			26			33
Balances at Mar. 31, 2019	36	30,309	20,967	275	(1,971)	(1)	(3)	49,612
Balances at Dec. 31, 2018	36	30,302	20,672	(166)	(1,997)	(1)	(3)	48,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income								362
Other comprehensive income (loss)								441
Balances at Dec. 31, 2019	36	30,415	21,363	1,281	(1,883)	(300)	(99)	50,813
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			385					385
Other comprehensive income (loss)	0	0	0	(1,487)	0	0	0	(1,487)
Cash dividends ($0.02 per share)			(67)					(67)
Purchase of 17,900 treasury shares							(206)	(206)
ESOP shares committed to be released		7			26			33
Stock compensation expense		18				22		40
Balances at Mar. 31, 2020	$ 36	$ 30,440	$ 21,681	$ (206)	$ (1,857)	$ (278)	$ (305)	$ 49,511

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividend, per share amount	$ 0.02	$ 0.02
Treasury stock, shares, acquired	17,900

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 385	$ 362
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities, net	61	45
Provision for loan losses	57
Stock compensation expense	40
Depreciation expense	38	24
ESOP compensation expense	33	33
Deferred income taxes	(18)	3
Increase in cash value of life insurance	(17)	(18)
Decrease in accrued interest receivable	106	60
Increase in accrued interest payable	8
Net change in other assets and liabilities	65	(40)
Net Cash Provided By Operating Activities	758	469
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available for sale	(1,650)
Principal collected on mortgage-backed securities available for sale	1,590	2,326
Proceeds from maturities of securities available for sale	390	385
Principal collected on mortgage-backed securities held to maturity	4	4
Proceeds from maturities of securities held to maturity		25
Net decrease (increase) in loans receivable	977	(3,165)
Purchase of premises and equipment	(35)
Investment in cash value of life insurance	(1)	(1)
Net Cash Provided By (Used In) Investing Activities	1,275	(426)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in deposits	1,165	(2,621)
Purchase of treasury stock	(206)
Cash dividends paid	(67)	(67)
Net Cash Provided By (Used In) Financing Activities	892	(2,688)
Net Increase (Decrease) in Cash and Cash Equivalents	2,925	(2,645)
Cash and cash equivalents at beginning of year	18,817	12,700
Cash and Cash Equivalents at End of Year	21,742	10,055
Supplemental Disclosures of Cash Flow Information
Interest	$ 248	$ 186

Presentation of Interim Informa

Presentation of Interim Information	3 Months Ended
	Mar. 31, 2020
Presentation of Interim Information
Presentation of Interim Information	1. Mid-Southern Bancorp, Inc., (the "Company") was incorporated in January 2018 and became the holding company for Mid-Southern Savings Bank, FSB (the "Bank"), on July 11, 2018, upon the completion of the Bank’s conversion from the mutual holding company ownership structure and the Company’s related public stock offering. Please see Note 2 – Conversion and Stock Issuance for more information. The accompanying unaudited consolidated financial statements and notes have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10‑K filed with the SEC on March 26, 2020 ("2019 Form 10‑K"). In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no effect on net income or stockholders’ equity. In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan losses, the valuation of foreclosed real estate and the underlying collateral of impaired loans, deferred tax assets, and the fair value of financial instruments. On April 5, 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an "emerging growth company" we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.

Conversion and Stock Issuance

Conversion and Stock Issuance	3 Months Ended
	Mar. 31, 2020
Conversion and Stock Issuance
Conversion and Stock Issuance	2. Conversion and Stock Issuance The Company, an Indiana corporation, was organized by Mid-Southern, M.H.C. ("the MHC") and the Bank in connection with the MHC’s plan of conversion from mutual to stock form of ownership (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 a total of 2,559,871 shares of common stock 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 6 of the Notes to Consolidated Financial Statements). All shares were sold at a purchase price of $10.00 per share. Costs to complete the stock offering were deducted from the gross proceeds of the offering. 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. In addition, 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 any fractional shares. As a result of the offering, exchange and cash in lieu of fractional shares, the Company issued 3,565,430 shares. The Company has established a liquidation account in an amount equal to the MHC’s ownership interest in the stockholders’ equity of the Bank as reflected in the latest consolidated balance sheet contained in the final prospectus plus the value of the net assets of the MHC as reflected in the latest balance sheet of the MHC prior to the effective date of the conversion (excluding its ownership of Bank common stock). The liquidation account will be maintained for the benefit of eligible account holders who maintain deposit accounts with the Bank after conversion. The conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2020
Investment Securities
Investment Securities	3. Investment Securities Investment securities have been classified in the consolidated balance sheets according to management’s intent. 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. Investment securities at March 31, 2020 and December 31, 2019 are summarized as follows: Gross Gross (In thousands) Amortized Unrealized Unrealized Fair March 31, 2020 Cost Gains Losses Value Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,157 $ 168 $ — $ 9,325 Agency CMO 9,553 346 — 9,899 18,710 514 — 19,224 Other debt securities: Municipal obligations 37,610 383 1,170 36,823 Total securities available for sale $ 56,320 $ 897 $ 1,170 $ 56,047 Securities held to maturity: Agency MBS $ 38 $ — $ — $ 38 Total securities held to maturity $ 38 $ — $ — $ 38 December 31, 2019 Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,803 $ 3 $ 36 $ 9,770 Agency CMO 10,520 209 17 10,712 20,323 212 53 20,482 Other debt securities: Municipal obligations 36,390 1,649 104 37,935 Total securities available for sale $ 56,713 $ 1,861 $ 157 $ 58,417 Securities held to maturity: Agency MBS $ 42 $ — $ — $ 42 Total securities held to maturity $ 42 $ — $ — $ 42 The amortized cost and fair value of debt securities as of March 31, 2020, 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. Available for Sale Held to Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Due in one year or less $ — $ — $ — $ — Due after one year through five years 1,504 1,566 — — Due after five years through ten years 8,464 8,697 — — Due after ten years 27,642 26,560 — — 37,610 36,823 — — MBS and CMO 18,710 19,224 38 38 $ 56,320 $ 56,047 $ 38 $ 38 Information pertaining to investment securities available for sale with gross unrealized losses at March 31, 2020, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows. At March 31, 2020, the Company did not have any securities held to maturity with an unrealized loss. At March 31, 2020, the Company did not have any securities in a continuous loss position for more than 12 months. Number of Gross (Dollars in thousands) Investment Fair Unrealized March 31, 2020 Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Municipal obligations 36 $ 18,371 $ 1,170 Total less than 12 months 36 18,371 1,170 Total securities available for sale 36 $ 18,371 $ 1,170 Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2019, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows. At December 31, 2019, the Company did not have any securities held to maturity in a loss position. Number of Gross (Dollars in thousands) Investment Fair Unrealized December 31, 2019 Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Agency MBS 3 $ 3,304 $ 9 Agency CMO 2 1,942 6 Municipal obligations 10 7,030 104 Total less than 12 months 15 12,276 119 Continuous loss position more than 12 months: Agency MBS 6 3,696 27 Agency CMO 1 1,089 11 Total more than 12 months 7 4,785 38 Total securities available for sale 22 $ 17,061 $ 157 Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than 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 in the issuer for a period of time sufficient to allow for any anticipated recover in fair value. At March 31, 2020, the debt securities in the available for sale in a loss position had depreciated approximately 5.99% from the amortized cost basis. All of the debt securities in a loss position at March 31, 2020 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. Additional deterioration in market and economic conditions related to the recent Coronavirus Disease 2019 (“COVID-19”) pandemic, may have an adverse impact on credit quality in the future and result in other-than-temporary impairment charges. There were no securities sales during the three-month periods ended March 31, 2020 and 2019.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	4. Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: 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 mortgages, 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. 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 uncollectability 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 collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of 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 twenty 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: lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices and management experience, national and local economic conditions, new loan trends, past due and nonaccrual loans, loan reviews, collateral values, credit concentrations and other internal and external factors such as competition, legal and regulatory changes. Each loan pool’s historical loss rate is adjusted based on positive or negative changes in the qualitative loss factor. This adjustment is what determines the adjust loss rate used in management’s allowance for loan loss 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, residential construction, commercial construction, commercial real estate non owner occupied, commercial real estate owner occupied, junior liens, home equity lines of credit, 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. Also, included within the residential real estate loan portfolio are home equity loans and junior lien loans, which are secured by liens on the borrower’s personal residence. 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 include 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 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. At March 31, 2020, the Company had six loans for which partial charge-offs in the aggregate of $156,000 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. 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. At March 31, 2020 and December 31, 2019, there were no loans secured by residential real estate property for which formal foreclosure proceedings are in process. Loans at March 31, 2020 and December 31, 2019 consisted of the following: March 31, December 31, (In thousands) 2020 2019 Real estate mortgage loans: One-to-four family residential $ 69,270 $ 71,606 Multi-family residential 9,260 9,260 Residential construction 828 367 Commercial real estate 33,210 32,311 Commercial real estate construction 2,817 2,867 Commercial business loans 6,626 6,456 Consumer loans 1,746 1,875 Total loans 123,757 124,742 Deferred loan origination fees and costs, net 22 28 Allowance for loan losses (1,541) (1,498) Loans, net $ 122,238 $ 123,272 The following table provides the components of the Company’s recorded investment in loans at March 31, 2020: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 69,270 $ 9,260 $ 3,645 $ 33,210 $ 6,626 $ 1,746 $ 123,757 Accrued interest receivable 219 21 8 104 27 5 384 Net deferred loan fees/costs 21 (10) (36) (12) 13 46 22 Recorded investment in loans $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 Recorded Investment to Loan as Evaluated for Impairements: Individually evaluated for impairment $ 1,327 $ — $ — $ 614 $ 403 $ — $ 2,344 Collectively evaulated for impairment 68,183 9,271 3,617 32,688 6,263 1,797 121,819 Ending balance $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 The following table provides the components of the Company’s recorded investment in loans at December 31, 2019: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 71,606 $ 9,260 $ 3,234 $ 32,311 $ 6,456 $ 1,875 $ 124,742 Accrued interest receivable 254 25 11 88 26 6 410 Net deferred loan fees/costs 23 (11) (36) (6) 10 48 28 Recorded investment in loans $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180 Recorded Investment to Loan as Evaluated for Impairements: Individually evaluated for impairment $ 1,431 $ — $ — $ 600 $ 412 $ — $ 2,443 Collectively evaulated for impairment 70,452 9,274 3,209 31,793 6,080 1,929 122,737 Ending balance $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180 An analysis of the allowance for loan losses as of March 31, 2020 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 26 $ — $ — $ 19 $ 33 $ — $ 78 Collectively evaluated for impairment 942 92 40 293 72 24 1,463 Ending balance $ 968 $ 92 $ 40 $ 312 $ 105 $ 24 $ 1,541 An analysis of the allowance for loan losses as of December 31, 2019 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 25 $ — $ — $ 19 $ 34 $ — $ 78 Collectively evaluated for impairment 930 83 44 270 68 25 1,420 Ending balance $ 955 $ 83 $ 44 $ 289 $ 102 $ 25 $ 1,498 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2020 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 955 $ 83 $ 44 $ 289 $ 102 $ 25 $ 1,498 Provisions 24 9 (4) 23 3 2 57 Charge-offs (12) — — — — (6) (18) Recoveries 1 — — — — 3 4 Ending balance $ 968 $ 92 $ 40 $ 312 $ 105 $ 24 $ 1,541 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2019 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Provisions (30) 16 (10) 24 5 (5) — Charge-offs — — — — — (5) (5) Recoveries 10 — — — — 5 15 Ending balance $ 992 $ 75 $ 38 $ 283 $ 103 $ 23 $ 1,514 The following table summarizes the Company’s impaired loans as of March 31, 2020 and for the three months ended March 31, 2020. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three-month period ended March 31, 2020: Three Months Ended At March 31, 2020 March 31, 2020 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 $ 1,070 $ 1,148 $ — $ 1,121 $ 2 Multi-family residential — — — — — Construction — — — — — Commercial real estate 253 246 — 244 — Commercial business 31 30 — 31 — Consumer — — — — — $ 1,354 $ 1,424 $ — $ 1,396 $ 2 Loans with an allowance recorded: One-to-four family residential $ 257 $ 282 $ 25 $ 258 $ — Multi-family residential — — — — — Construction — — — — — Commercial real estate 361 359 19 363 5 Commercial business 372 419 34 376 5 Consumer — — — — — $ 990 $ 1,060 $ 78 $ 997 $ 10 Total: One-to-four family residential $ 1,327 $ 1,430 $ 25 $ 1,379 $ 2 Multi-family residential — — — — — Construction — — — — — Commercial real estate 614 605 19 607 5 Commercial business 403 449 34 407 5 Consumer — — — — — $ 2,344 $ 2,484 $ 78 $ 2,393 $ 12 The following table summarizes the Company’s impaired loans for the three-month period ended March 31, 2019. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three-month period ended March 31, 2019: Three Months Ended March 31, 2019 Average Interest Recorded Income Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,424 $ 8 Multi-family residential — — Construction — — Commercial real estate 385 1 Commercial business 48 — Consumer — — $ 1,857 $ 9 Loans with an allowance recorded: One-to-four family residential $ 454 $ 3 Multi-family residential — — Construction — — Commercial real estate 354 5 Commercial business 415 6 Consumer — — $ 1,223 $ 14 Total : One-to-four family residential $ 1,878 $ 11 Multi-family residential — — Construction — — Commercial real estate 739 6 Commercial business 463 6 Consumer — — $ 3,080 $ 23 The following table summarizes the Company’s impaired loans as of December 31, 2019: At December 31, 2019 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,172 $ 1,457 $ — Multi-family residential — — — Construction — — — Commercial real estate 235 389 — Commercial business 32 32 — Consumer — — — $ 1,439 $ 1,878 $ — Loans with an allowance recorded: One-to-four family residential $ 259 $ 284 $ 25 Multi-family residential — — — Construction — — — Commercial real estate 365 364 19 Commercial business 380 426 34 Consumer — — — $ 1,004 $ 1,074 $ 78 Total: One-to-four family residential $ 1,431 $ 1,741 $ 25 Multi-family residential — — — Construction — — — Commercial real estate 600 753 19 Commercial business 412 458 34 Consumer — — — $ 2,443 $ 2,952 $ 78 Nonperforming loans consists At March 31, 2020 At December 31, 2019 Loans 90+ Loans 90+ Days Total Days Total Nonaccrual Past Due Nonperforming Nonaccrual Past Due Nonperforming Loans Still Accruing Loans Loans Still Accruing Loans (In thousands) One-to-four family residential $ 991 $ — $ 991 $ 947 $ — $ 947 Multi-family residential — — — — — — Construction — — — — — — Commercial real estate 253 — 253 235 — 235 Commercial business — — — — — — Consumer — — — — — — Total $ 1,244 $ — $ 1,244 $ 1,182 $ — $ 1,182 The following tables present the aging of the recorded investment in loans at March 31, 2020 and December 31, 2019: Over 90 30‑59 Days 60‑89 Days Days Total Total Past Due Past Due Past Due Past Due Current Loans March 31, 2020 (In thousands) One-to-four family residential $ 1,370 $ — $ 52 $ 1,422 $ 68,088 $ 69,510 Multi-family residential — — — — 9,271 9,271 Construction — — — — 3,617 3,617 Commercial real estate 482 — — 482 32,820 33,302 Commercial business 11 — — 11 6,655 6,666 Consumer — — — — 1,797 1,797 Total $ 1,863 $ — $ 52 $ 1,915 $ 122,248 $ 124,163 December 31, 2019 One-to-four family residential $ 1,425 $ 575 $ 238 $ 2,238 $ 69,645 $ 71,883 Multi-family residential — — — — 9,274 9,274 Construction 152 — — 152 3,057 3,209 Commercial real estate 477 134 — 611 31,782 32,393 Commercial business — — — — 6,492 6,492 Consumer 7 — — 7 1,922 1,929 Total $ 2,061 $ 709 $ 238 $ 3,008 $ 122,172 $ 125,180 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 : Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard : Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful : Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss : Loans classified as loss are considered uncollectible and of such little value that their continuance on the institution’s books as an asset is not warranted. 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 the dates indicated: One-to- Multi- Four Family Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total March 31, 2020 (In thousands) Pass $ 68,288 $ 9,271 $ 3,617 $ 32,676 $ 6,263 $ 1,797 $ 121,912 Special mention — — — 207 — — 207 Substandard 1,222 — — 419 403 — 2,044 Doubtful — — — — — — — Loss — — — — — — — Total $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 December 31, 2019 Pass $ 70,611 $ 9,274 $ 3,209 $ 31,949 $ 6,080 $ 1,929 $ 123,052 Special mention — — — — — — — Substandard 1,272 — — 444 412 — 2,128 Doubtful — — — — — — — Loss — — — — — — — Total $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180 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. The Coronavirus Aid, Relief, and Economic Security Act of 2020 signed into law on March 27, 2020 ("CARES Act") provides guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers are considered current under the CARES Act if they are less than 30 days past due on their contractual payments at the time a modification program is implemented. At March 31, 2020, the Bank had no modified loans related to the COVID-19 pandemic. The following table summarizes the Company’s TDRs by accrual status as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 Related Related Allowance for Allowance for Accruing Nonaccrual Total Loan Losses Accruing Nonaccrual Total Loan Losses (In thousands) One-to-four family residential $ 336 $ — $ 336 $ 25 $ 484 $ — $ 484 $ 25 Commercial real estate 361 135 496 19 365 137 502 19 Commercial business 403 — 403 34 412 — 412 34 Total $ 1,100 $ 135 $ 1,235 $ 78 $ 1,261 $ 137 $ 1,398 $ 78 At both March 31, 2020 and December 31, 2019 there were no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR (both accruing and nonaccruing). There were no TDRs that were restructured during the three months ended March 31, 2020. The following table summarizes information in regard to TDRs that were restructured during the three months ended March 31, 2019: Three Months Ended March 31, 2019 Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (In thousands) Commercial real estate 1 $ 158 $ 158 Total 1 $ 158 $ 158 For TDRs that were restructured during the three months ended March 31, 2019, 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. There were no principal charge-offs recorded as a result of TDRs and there was no specific allowance for loan losses related to TDRs modified during the three-month periods ended March 31, 2020 and 2019. There were no TDRs modified within the previous 12 months for which there was a subsequent payment 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 three-month periods ended March 31, 2020 and 2019. 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. On March 22, 2020, federal banking regulators issued an interagency statement that included guidance on their approach for the accounting of loan modifications in light of the economic impact of the COVID-19 pandemic. The guidance interprets current accounting standards and indicates that a lender can conclude that a borrower is not experiencing financial difficulty if short-term modifications are made in response to COVID-19, such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant related to the loans in which the borrower is less than 30 days past due on its contractual payments at the time a modification program is implemented. The agencies confirmed in working with the staff of the Financial Accounting Standards Board (“FASB”) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs.

Supplemental Disclosure for Ear

Supplemental Disclosure for Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Supplemental Disclosure for Earnings Per Share
Supplemental Disclosure for Earnings Per Share	5. Supplemental Disclosure for Earnings Per Share Nonvested restricted stock shares and unallocated ESOP shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. No stock options for common stock and no restricted stock awards were excluded from the calculation of diluted net income per common share because their effect was antidilutive for the three-month periods ended March 31, 2020 and 2019. Three Months Ended March 31, (Dollars in thousands, except per share data) 2020 2019 Basic Earnings: Net income $ 385 $ 362 Shares: Weighted average common shares outstanding 3,345,460 3,366,385 Net income per common share, basic $ 0.12 $ 0.11 Diluted Earnings: Net income $ 385 $ 362 Shares: Weighted average common shares outstanding 3,345,460 3,366,385 Add: Dilutive effect of stock options 1,169 1,341 Add: Dilutive effect of restricted stock — 144 Weighted average common shares outstanding, as adjusted 3,346,629 3,367,870 Net income per common share, diluted $ 0.12 $ 0.11

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2020
Employee Stock Ownership Plan
Employee Stock Ownership Plan	6. 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 31st, 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 of $33,000 was recognized for each of the three -month periods ended March 31, 2020 and 2019. The ESOP trust held 16,498 allocated shares and 188,291 unallocated shares of Company common stock at March 31, 2020. The fair value of the unallocated shares was $2.4 million at March 31, 2020.

Stock-based Compensation Plans

Stock-based Compensation Plans	3 Months Ended
	Mar. 31, 2020
Stock-based Compensation Plans
Stock-based Compensation Plans	7. Stock-based Compensation Plans The Company’s stock-based compensation plans are described below. 2010 Equity Incentive Plan The Bank had an equity incentive plan (the “2010 Plan”) adopted on July 27, 2010 which was assumed by the Company in connection with the Conversion. Under the 2010 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 March 31, 2020, on an adjusted basis, awards for stock options totaling 93,488 shares and awards for restricted stock totaling 34,250 shares of Company common stock have been granted, net of any forfeitures, to participants in the 2010 Plan. The vesting dates for stock option awards are determined by the Compensation 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 Plans 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 2010 Plan as of March 31, 2020, and changes during the three-month period then ended is presented below: Weighted Average Number Weighted Remaining Aggregate of Average Exercise Contractual Intrinsic Shares Price Term Value Outstanding at beginning of year 93,488 $ 13.17 Granted — — Exercised — — Forfeited or expired — — Oustanding at end of period 93,488 $ 13.17 9.5 $ 15,000 Vested and expected to vest 93,488 $ 13.17 9.5 $ 15,000 Exercisable at end of period 23,382 $ 12.67 9.1 $ 15,000 For the three-month period ended March 31, 2020 the Company recognized $18,000 in compensation expense related to the stock option plan. At March 31, 2020, there was $209,000 of unrecognized compensation expense related to nonvested stock options. The compensation expense is expected to be recognized over a weighted average period of 3.6 years. For the three-month period ended March 31, 2019, the Company recognized no compensation expense related to the stock option plan as the amount of compensation cost determined under FASB Accounting Standards Codification (“ASC”) Topic 718 was insignificant. A summary of the activity for the Company’s nonvested restricted shares as of March 31, 2020 and changes during the three-month period then ended is presented below: Weighted Number Average of Grant-Date Shares Fair Value Nonvested at beginning of year 22,553 $ 13.32 Granted — — Exercised — — Forfeited — — Nonvested at end of period 22,553 $ 13.32 At March 31, 2020, unrecognized compensation expense related to nonvested restricted shares was $278,000. The compensation expense is expected to be recognized over the remaining weighted average vesting period of 3.5 years. 2019 Equity Incentive Plan In September 2019, the Company’s stockholders approved the 2019 Equity Incentive Plan (the “2019 Plan”) which provides for the award of stock options and restricted stock. Under the 2019 Plan the Compensation Committee may grant stock options that, upon exercise, result in the issuance of 255,987 shares of common stock and may grant 102,395 shares of restricted stock. At March 31, 2020, no awards of stock options or restricted stock have been granted under the 2019 Plan.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements
Fair Value Measurements	8 . Fair Value Measurements FASB ASC Topic 820 , Fair Value Measurements, provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC Topic 820 are described as follows: Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets 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. 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 on the following page. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2020 and December 31, 2019. The Company had no liabilities measured at fair value as of March 31, 2020 and December 31, 2019. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) March 31, 2020 Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ — $ 9,325 $ — $ 9,325 Agency CMO — 9,899 — 9,899 Municipal obligations — 36,823 — 36,823 Total securities available for sale $ — $ 56,047 $ — $ 56,047 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ — $ — $ 1,302 $ 1,302 Commercial real estate — — 595 595 Commercial business — — 369 369 Total impaired loans $ — $ — $ 2,266 $ 2,266 Real estate held for sale $ — $ — $ 135 $ 135 December 31, 2019 Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ — $ 9,770 $ — $ 9,770 Agency CMO — 10,712 — 10,712 Municipal obligations — 37,935 — 37,935 Total securities available for sale $ — $ 58,417 $ — $ 58,417 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ — $ — $ 1,406 $ 1,406 Commercial real estate — — 581 581 Commercial business — — 378 378 Total impaired loans $ — $ — $ 2,365 $ 2,365 Real estate held for sale $ — $ — $ 135 $ 135 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. Securities classified as available for sale are reported at fair value on a recurring basis. These securities are classified as Level 1 of the valuation hierarchy where quoted market prices from reputable third-party brokers are available in an active market. If quoted market prices are not available, the Company obtains fair value measurements from an independent pricing service. These securities are reported using Level 2 inputs and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. Changes in fair value of securities available for sale are recorded in other comprehensive income, net of income tax effect. Impaired Loans . Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of impaired loans is classified as Level 3 in the fair value hierarchy. Impaired loans are carried 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 both March 31, 2020 and December 31, 2019, 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, adjusted for estimated costs to sell the property, costs to complete or repair the property and other factors to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At both March 31, 2020 and December 31, 2019, 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 did not recognize a reduction in the allowance for loan losses allocated to impaired loans for the three months ended March 31, 2020. The Company recognized a reduction in the allowance for loan losses allocated to impaired loans of $15,000 for the three months ended March 31, 2019. Real Estate Held for Sale . Real estate held for sale is reviewed and evaluated on at least an annual basis for additional impairment and adjusted accordingly. The fair value of real estate held for sale is classified as Level 3 in the fair value hierarchy. At both March 31, 2020 and December 31, 2019, 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 did not recognize any charges to write down real estate held for sale during both the three months ended March 31, 2020 and 2019. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during both the three months ended March 31, 2020 and 2019. There were no transfers into or out of the Company’s Level 3 financial assets for both the three-month periods ended March 31, 2020 and 2019. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair values of the Company’s financial instruments are as follows: Fair Value Measurements Using Carrying (In thousands) Value Level 1 Level 2 Level 3 March 31, 2020 Financial assets: Cash and cash equivalents $ 21,742 $ 21,742 $ — $ — Securities available for sale 56,047 — 56,047 — Securities held to maturity 38 — 38 — Loans, net 122,238 — — 129,559 FHLB stock 778 N/A N/A N/A Accrued interest receivable 759 — 759 — Financial liabilities: Deposits 148,134 — — 148,611 Advance from FHLB 10,000 — 10,377 — Accrued interest payable 15 — 15 — December 31, 2019 Financial assets: Cash and cash equivalents $ 18,817 $ 18,817 $ — $ — Securities available for sale 58,417 — 58,417 — Securities held to maturity 42 — 42 — Loans, net 123,272 — — 126,187 FHLB stock 778 N/A N/A N/A Accrued interest receivable 865 — 865 — Financial liabilities: Deposits 146,969 — — 146,831 Advance from FHLB 10,000 — 10,080 — Accrued interest payable — —

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers
Revenue from Contracts with Customers	9. Revenue from Contracts with Customers Substantially all of the Company’s revenue from contracts with customers in the scope of FASB ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income and other income within the scope of FASB ASC 606 for the three months ended March 31, 2020 and 2019: Three Months Ended March 31, (In thousands) 2020 2019 Service charges on deposit accounts $ 49 $ 76 ATM transaction and point-of-sale interchange fees 91 89 Other income 14 9 Revenue from contracts with customers 154 174 Increase in cash surrender value of life insurance 17 18 Other income 1 1 Other noninterest income 18 19 Total noninterest income $ 172 $ 193 A description of the Company’s revenue streams accounted for under FASB ASC 606 follows: Service Charges on Deposit Accounts : The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as stop payment charges and statement rendering, are recognized at the time the transaction is executed as that is the time the Company fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. ATM Transaction and Point-of-Sale Interchange Fees : The Company earns ATM usage fees and interchange fees from debit cardholder transactions conducted through a payment network. ATM fees are recognized at the point in time the transaction occurs. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Other Income : Other income from contracts with customers includes safe deposit box fees, check cashing and cashier’s check fees, and wire transfer fees. This revenue is recognized at the time the transaction is executed or over the period the Company satisfies the performance obligation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Recent Accounting Pronouncements
Recent Accounting Pronouncements	10 . Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . The ASU requires lessees to recognize on the balance sheet the assets and liabilities arising from operating leases. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. For public entities the amendments in the ASU became effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For nonpublic entities, the original effective date of the guidance was for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In November 2019, the FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early application of the amendments in the ASU is permitted. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements . This ASU amended the new leases standard to give entities another option for transition and to provide lessors with a practical expedient. The transition option allows entities to not apply the new leases standard in the comparative periods they present in their financial statements in the year of adoption. The practical expedient provides lessors with an option to not separate non-lease components from the associated lease components when certain criteria are met and requires them to account for the combined component in accordance with the new revenue standard if the associated non-lease components are the predominant components. The amendments have the same effective date as ASU 2016-02. In March 2019, the FASB issued ASU No. 2019-01, Leases (Topic 842), Codification Improvements . This ASU amended the new leases standard to reinstate the exception in Leases (Topic 842) for lessors that are not manufacturers or dealers in regards to determining the fair value of the underlying assets. Specifically, those lessors will use their cost, reflecting any volume or trade discounts that may apply, as the fair value of the underlying asset unless a significant lapse of time occurs between the acquisition of the underlying asset and lease commencement, in which case, those lessors will be required to apply the definition of fair value (exit price) in Fair Value Measurements and Disclosures (Topic 820) . In addition, this ASU amended the new leases standard to clarify the presentation on the statement of cash flows principal payments received under leases for depository and lending institutions for Sales-Type and Direct Financing Leases. Specifically for these entities and leases, all principal payments received under leases will be presented within investing activities on the statement of cash flows. Finally, this ASU amended the new leases standard to explicitly provide an exception to paragraph 250-10-50-3 interim disclosure requirements for an entity electing the transition method of implementation. The amendments have the same effective date as ASU 2016-02. The effect of the adoption of these ASUs will depend on leases at the time of adoption. Once adopted, the Company expects to report higher assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain banking offices under noncancelable operating lease agreements, however, based on current leases, the adoption is expected to increase our consolidated balance sheets by less than 5% and not to have a material impact on our regulatory capital ratios. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, in June 2016. This ASU, commonly referred to as the current expected credit loss methodology (“CECL”), 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. ASU 2019-05, issued in April 2019, further provides that entities that have certain financial instruments measured at amortized cost that have credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. In November 2019, the FASB issued ASU No. 2019-10 which delayed the effective date of ASU 2016-13 for smaller reporting companies (as defined by the SEC) and other non-SEC reporting entities to fiscal years beginning after December 15, 2022, including interim periods within those fiscal periods. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is a smaller reporting company as defined by the SEC. Once adopted, the Company 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 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 . The ASU shortens the amortization period for certain callable debt securities held at a premium. The standard will take effect for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The adoption of the ASU is not expected to have a material impact on the Company's consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting . This ASU amends the accounting for shared-based payments awards to nonemployees to align with the accounting for employee awards. Under the new guidance, the existing employee guidance will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. For public entities the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, 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, 2019, and interim periods within fiscal years beginning after December 15, 2020. The adoption of the ASU is not expected to have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . This ASU removes, modifies and adds certain disclosure requirements for fair value measurements. Among other changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements, but will be required to disclose the range and weighted average of significant observable inputs used to develop Level 3 fair value measurements held at the end of the reporting period. The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. The adoption of the ASU effective January 1, 2020 did not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes . The amendments in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes. The amendments also improve consistent application or and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. For public entities this ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. For nonpublic entities this ASU is effective for fiscal years beginning after December 31, 2021, and interim periods within fiscal years beginning after December 15, 2022. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial statements.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies
Presentation of Interim Information	Presentation of Interim Information Mid-Southern Bancorp, Inc., (the "Company") was incorporated in January 2018 and became the holding company for Mid-Southern Savings Bank, FSB (the "Bank"), on July 11, 2018, upon the completion of the Bank’s conversion from the mutual holding company ownership structure and the Company’s related public stock offering. Please see Note 2 – Conversion and Stock Issuance for more information. The accompanying unaudited consolidated financial statements and notes have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10‑K filed with the SEC on March 26, 2020 ("2019 Form 10‑K"). In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no effect on net income or stockholders’ equity. In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan losses, the valuation of foreclosed real estate and the underlying collateral of impaired loans, deferred tax assets, and the fair value of financial instruments. On April 5, 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an "emerging growth company" we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our condensed consolidated financial statements may not be comparable to companies that comply with such new or revised accounting standards.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . The ASU requires lessees to recognize on the balance sheet the assets and liabilities arising from operating leases. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. For public entities the amendments in the ASU became effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For nonpublic entities, the original effective date of the guidance was for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In November 2019, the FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-02 for nonpublic entities until fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early application of the amendments in the ASU is permitted. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842), Targeted Improvements . This ASU amended the new leases standard to give entities another option for transition and to provide lessors with a practical expedient. The transition option allows entities to not apply the new leases standard in the comparative periods they present in their financial statements in the year of adoption. The practical expedient provides lessors with an option to not separate non-lease components from the associated lease components when certain criteria are met and requires them to account for the combined component in accordance with the new revenue standard if the associated non-lease components are the predominant components. The amendments have the same effective date as ASU 2016-02. In March 2019, the FASB issued ASU No. 2019-01, Leases (Topic 842), Codification Improvements . This ASU amended the new leases standard to reinstate the exception in Leases (Topic 842) for lessors that are not manufacturers or dealers in regards to determining the fair value of the underlying assets. Specifically, those lessors will use their cost, reflecting any volume or trade discounts that may apply, as the fair value of the underlying asset unless a significant lapse of time occurs between the acquisition of the underlying asset and lease commencement, in which case, those lessors will be required to apply the definition of fair value (exit price) in Fair Value Measurements and Disclosures (Topic 820) . In addition, this ASU amended the new leases standard to clarify the presentation on the statement of cash flows principal payments received under leases for depository and lending institutions for Sales-Type and Direct Financing Leases. Specifically for these entities and leases, all principal payments received under leases will be presented within investing activities on the statement of cash flows. Finally, this ASU amended the new leases standard to explicitly provide an exception to paragraph 250-10-50-3 interim disclosure requirements for an entity electing the transition method of implementation. The amendments have the same effective date as ASU 2016-02. The effect of the adoption of these ASUs will depend on leases at the time of adoption. Once adopted, the Company expects to report higher assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain banking offices under noncancelable operating lease agreements, however, based on current leases, the adoption is expected to increase our consolidated balance sheets by less than 5% and not to have a material impact on our regulatory capital ratios. The FASB originally issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, in June 2016. This ASU, commonly referred to as the current expected credit loss methodology (“CECL”), 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. ASU 2019-05, issued in April 2019, further provides that entities that have certain financial instruments measured at amortized cost that have credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. In November 2019, the FASB issued ASU No. 2019-10 which delayed the effective date of ASU 2016-13 for smaller reporting companies (as defined by the SEC) and other non-SEC reporting entities to fiscal years beginning after December 15, 2022, including interim periods within those fiscal periods. Early adoption is permitted as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is a smaller reporting company as defined by the SEC. Once adopted, the Company 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 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 . The ASU shortens the amortization period for certain callable debt securities held at a premium. The standard will take effect for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The adoption of the ASU is not expected to have a material impact on the Company's consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting . This ASU amends the accounting for shared-based payments awards to nonemployees to align with the accounting for employee awards. Under the new guidance, the existing employee guidance will apply to nonemployee share-based transactions (as long as the transaction is not effectively a form of financing), with the exception of specific guidance related to the attribution of compensation cost. The cost of nonemployee awards will continue to be recorded as if the grantor had paid cash for the goods or services. In addition, the contractual term will be able to be used in lieu of an expected term in the option-pricing model for nonemployee awards. For public entities the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, 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, 2019, and interim periods within fiscal years beginning after December 15, 2020. The adoption of the ASU is not expected to have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . This ASU removes, modifies and adds certain disclosure requirements for fair value measurements. Among other changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements, but will be required to disclose the range and weighted average of significant observable inputs used to develop Level 3 fair value measurements held at the end of the reporting period. The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. The adoption of the ASU effective January 1, 2020 did not have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes . The amendments in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes. The amendments also improve consistent application or and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. For public entities this ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. For nonpublic entities this ASU is effective for fiscal years beginning after December 31, 2021, and interim periods within fiscal years beginning after December 15, 2022. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2020
Investment Securities
Schedule of fair values of debt securities available-for-sale or held-to-maturity	Gross Gross (In thousands) Amortized Unrealized Unrealized Fair March 31, 2020 Cost Gains Losses Value Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,157 $ 168 $ — $ 9,325 Agency CMO 9,553 346 — 9,899 18,710 514 — 19,224 Other debt securities: Municipal obligations 37,610 383 1,170 36,823 Total securities available for sale $ 56,320 $ 897 $ 1,170 $ 56,047 Securities held to maturity: Agency MBS $ 38 $ — $ — $ 38 Total securities held to maturity $ 38 $ — $ — $ 38 December 31, 2019 Securities available for sale: Mortgage-backed securities: Agency MBS $ 9,803 $ 3 $ 36 $ 9,770 Agency CMO 10,520 209 17 10,712 20,323 212 53 20,482 Other debt securities: Municipal obligations 36,390 1,649 104 37,935 Total securities available for sale $ 56,713 $ 1,861 $ 157 $ 58,417 Securities held to maturity: Agency MBS $ 42 $ — $ — $ 42 Total securities held to maturity $ 42 $ — $ — $ 42
Schedule of maturities of debt securities	Available for Sale Held to Maturity Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Due in one year or less $ — $ — $ — $ — Due after one year through five years 1,504 1,566 — — Due after five years through ten years 8,464 8,697 — — Due after ten years 27,642 26,560 — — 37,610 36,823 — — MBS and CMO 18,710 19,224 38 38 $ 56,320 $ 56,047 $ 38 $ 38
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 March 31, 2020 Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Municipal obligations 36 $ 18,371 $ 1,170 Total less than 12 months 36 18,371 1,170 Total securities available for sale 36 $ 18,371 $ 1,170 Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2019, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows. At December 31, 2019, the Company did not have any securities held to maturity in a loss position. Number of Gross (Dollars in thousands) Investment Fair Unrealized December 31, 2019 Positions Value Losses Securities available for sale: Continuous loss position less than 12 months: Agency MBS 3 $ 3,304 $ 9 Agency CMO 2 1,942 6 Municipal obligations 10 7,030 104 Total less than 12 months 15 12,276 119 Continuous loss position more than 12 months: Agency MBS 6 3,696 27 Agency CMO 1 1,089 11 Total more than 12 months 7 4,785 38 Total securities available for sale 22 $ 17,061 $ 157

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses
Schedule of loans	March 31, December 31, (In thousands) 2020 2019 Real estate mortgage loans: One-to-four family residential $ 69,270 $ 71,606 Multi-family residential 9,260 9,260 Residential construction 828 367 Commercial real estate 33,210 32,311 Commercial real estate construction 2,817 2,867 Commercial business loans 6,626 6,456 Consumer loans 1,746 1,875 Total loans 123,757 124,742 Deferred loan origination fees and costs, net 22 28 Allowance for loan losses (1,541) (1,498) Loans, net $ 122,238 $ 123,272
Schedule of components of Company's recorded investment in loans	The following table provides the components of the Company’s recorded investment in loans at March 31, 2020: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 69,270 $ 9,260 $ 3,645 $ 33,210 $ 6,626 $ 1,746 $ 123,757 Accrued interest receivable 219 21 8 104 27 5 384 Net deferred loan fees/costs 21 (10) (36) (12) 13 46 22 Recorded investment in loans $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 Recorded Investment to Loan as Evaluated for Impairements: Individually evaluated for impairment $ 1,327 $ — $ — $ 614 $ 403 $ — $ 2,344 Collectively evaulated for impairment 68,183 9,271 3,617 32,688 6,263 1,797 121,819 Ending balance $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 The following table provides the components of the Company’s recorded investment in loans at December 31, 2019: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 71,606 $ 9,260 $ 3,234 $ 32,311 $ 6,456 $ 1,875 $ 124,742 Accrued interest receivable 254 25 11 88 26 6 410 Net deferred loan fees/costs 23 (11) (36) (6) 10 48 28 Recorded investment in loans $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180 Recorded Investment to Loan as Evaluated for Impairements: Individually evaluated for impairment $ 1,431 $ — $ — $ 600 $ 412 $ — $ 2,443 Collectively evaulated for impairment 70,452 9,274 3,209 31,793 6,080 1,929 122,737 Ending balance $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180
Schedule of analysis of an allowance for loan losses	An analysis of the allowance for loan losses as of March 31, 2020 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 26 $ — $ — $ 19 $ 33 $ — $ 78 Collectively evaluated for impairment 942 92 40 293 72 24 1,463 Ending balance $ 968 $ 92 $ 40 $ 312 $ 105 $ 24 $ 1,541 An analysis of the allowance for loan losses as of December 31, 2019 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 25 $ — $ — $ 19 $ 34 $ — $ 78 Collectively evaluated for impairment 930 83 44 270 68 25 1,420 Ending balance $ 955 $ 83 $ 44 $ 289 $ 102 $ 25 $ 1,498 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2020 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 955 $ 83 $ 44 $ 289 $ 102 $ 25 $ 1,498 Provisions 24 9 (4) 23 3 2 57 Charge-offs (12) — — — — (6) (18) Recoveries 1 — — — — 3 4 Ending balance $ 968 $ 92 $ 40 $ 312 $ 105 $ 24 $ 1,541 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2019 is as follows: One-to-Four Family Multi-Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 1,012 $ 59 $ 48 $ 259 $ 98 $ 28 $ 1,504 Provisions (30) 16 (10) 24 5 (5) — Charge-offs — — — — — (5) (5) Recoveries 10 — — — — 5 15 Ending balance $ 992 $ 75 $ 38 $ 283 $ 103 $ 23 $ 1,514
Schedule of impaired loans	The following table summarizes the Company’s impaired loans as of March 31, 2020 and for the three months ended March 31, 2020. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three-month period ended March 31, 2020: Three Months Ended At March 31, 2020 March 31, 2020 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 $ 1,070 $ 1,148 $ — $ 1,121 $ 2 Multi-family residential — — — — — Construction — — — — — Commercial real estate 253 246 — 244 — Commercial business 31 30 — 31 — Consumer — — — — — $ 1,354 $ 1,424 $ — $ 1,396 $ 2 Loans with an allowance recorded: One-to-four family residential $ 257 $ 282 $ 25 $ 258 $ — Multi-family residential — — — — — Construction — — — — — Commercial real estate 361 359 19 363 5 Commercial business 372 419 34 376 5 Consumer — — — — — $ 990 $ 1,060 $ 78 $ 997 $ 10 Total: One-to-four family residential $ 1,327 $ 1,430 $ 25 $ 1,379 $ 2 Multi-family residential — — — — — Construction — — — — — Commercial real estate 614 605 19 607 5 Commercial business 403 449 34 407 5 Consumer — — — — — $ 2,344 $ 2,484 $ 78 $ 2,393 $ 12 The following table summarizes the Company’s impaired loans for the three-month period ended March 31, 2019. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three-month period ended March 31, 2019: Three Months Ended March 31, 2019 Average Interest Recorded Income Investment Recognized (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,424 $ 8 Multi-family residential — — Construction — — Commercial real estate 385 1 Commercial business 48 — Consumer — — $ 1,857 $ 9 Loans with an allowance recorded: One-to-four family residential $ 454 $ 3 Multi-family residential — — Construction — — Commercial real estate 354 5 Commercial business 415 6 Consumer — — $ 1,223 $ 14 Total : One-to-four family residential $ 1,878 $ 11 Multi-family residential — — Construction — — Commercial real estate 739 6 Commercial business 463 6 Consumer — — $ 3,080 $ 23 The following table summarizes the Company’s impaired loans as of December 31, 2019: At December 31, 2019 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: One-to-four family residential $ 1,172 $ 1,457 $ — Multi-family residential — — — Construction — — — Commercial real estate 235 389 — Commercial business 32 32 — Consumer — — — $ 1,439 $ 1,878 $ — Loans with an allowance recorded: One-to-four family residential $ 259 $ 284 $ 25 Multi-family residential — — — Construction — — — Commercial real estate 365 364 19 Commercial business 380 426 34 Consumer — — — $ 1,004 $ 1,074 $ 78 Total: One-to-four family residential $ 1,431 $ 1,741 $ 25 Multi-family residential — — — Construction — — — Commercial real estate 600 753 19 Commercial business 412 458 34 Consumer — — — $ 2,443 $ 2,952 $ 78
Schedule of recorded investment in nonperforming loans	At March 31, 2020 At December 31, 2019 Loans 90+ Loans 90+ Days Total Days Total Nonaccrual Past Due Nonperforming Nonaccrual Past Due Nonperforming Loans Still Accruing Loans Loans Still Accruing Loans (In thousands) One-to-four family residential $ 991 $ — $ 991 $ 947 $ — $ 947 Multi-family residential — — — — — — Construction — — — — — — Commercial real estate 253 — 253 235 — 235 Commercial business — — — — — — Consumer — — — — — — Total $ 1,244 $ — $ 1,244 $ 1,182 $ — $ 1,182
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 March 31, 2020 (In thousands) One-to-four family residential $ 1,370 $ — $ 52 $ 1,422 $ 68,088 $ 69,510 Multi-family residential — — — — 9,271 9,271 Construction — — — — 3,617 3,617 Commercial real estate 482 — — 482 32,820 33,302 Commercial business 11 — — 11 6,655 6,666 Consumer — — — — 1,797 1,797 Total $ 1,863 $ — $ 52 $ 1,915 $ 122,248 $ 124,163 December 31, 2019 One-to-four family residential $ 1,425 $ 575 $ 238 $ 2,238 $ 69,645 $ 71,883 Multi-family residential — — — — 9,274 9,274 Construction 152 — — 152 3,057 3,209 Commercial real estate 477 134 — 611 31,782 32,393 Commercial business — — — — 6,492 6,492 Consumer 7 — — 7 1,922 1,929 Total $ 2,061 $ 709 $ 238 $ 3,008 $ 122,172 $ 125,180
Schedule of risk category of loans by recorded investment	One-to- Multi- Four Family Family Commercial Commercial Residential Residential Construction Real Estate Business Consumer Total March 31, 2020 (In thousands) Pass $ 68,288 $ 9,271 $ 3,617 $ 32,676 $ 6,263 $ 1,797 $ 121,912 Special mention — — — 207 — — 207 Substandard 1,222 — — 419 403 — 2,044 Doubtful — — — — — — — Loss — — — — — — — Total $ 69,510 $ 9,271 $ 3,617 $ 33,302 $ 6,666 $ 1,797 $ 124,163 December 31, 2019 Pass $ 70,611 $ 9,274 $ 3,209 $ 31,949 $ 6,080 $ 1,929 $ 123,052 Special mention — — — — — — — Substandard 1,272 — — 444 412 — 2,128 Doubtful — — — — — — — Loss — — — — — — — Total $ 71,883 $ 9,274 $ 3,209 $ 32,393 $ 6,492 $ 1,929 $ 125,180
Schedule of TDRs by accrual status	March 31, 2020 December 31, 2019 Related Related Allowance for Allowance for Accruing Nonaccrual Total Loan Losses Accruing Nonaccrual Total Loan Losses (In thousands) One-to-four family residential $ 336 $ — $ 336 $ 25 $ 484 $ — $ 484 $ 25 Commercial real estate 361 135 496 19 365 137 502 19 Commercial business 403 — 403 34 412 — 412 34 Total $ 1,100 $ 135 $ 1,235 $ 78 $ 1,261 $ 137 $ 1,398 $ 78
Schedule of troubled debt restructurings	There were no TDRs that were restructured during the three months ended March 31, 2020. The following table summarizes information in regard to TDRs that were restructured during the three months ended March 31, 2019: Three Months Ended March 31, 2019 Pre-Modification Post-Modification Number of Outstanding Outstanding Contracts Balance Balance (In thousands) Commercial real estate 1 $ 158 $ 158 Total 1 $ 158 $ 158

Supplemental Disclosure for E_2

Supplemental Disclosure for Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Disclosure for Earnings Per Share
Schedule of supplemental disclosure for earnings per share	Three Months Ended March 31, (Dollars in thousands, except per share data) 2020 2019 Basic Earnings: Net income $ 385 $ 362 Shares: Weighted average common shares outstanding 3,345,460 3,366,385 Net income per common share, basic $ 0.12 $ 0.11 Diluted Earnings: Net income $ 385 $ 362 Shares: Weighted average common shares outstanding 3,345,460 3,366,385 Add: Dilutive effect of stock options 1,169 1,341 Add: Dilutive effect of restricted stock — 144 Weighted average common shares outstanding, as adjusted 3,346,629 3,367,870 Net income per common share, diluted $ 0.12 $ 0.11

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-based Compensation Plans
Schedule of stock option activity	Weighted Average Number Weighted Remaining Aggregate of Average Exercise Contractual Intrinsic Shares Price Term Value Outstanding at beginning of year 93,488 $ 13.17 Granted — — Exercised — — Forfeited or expired — — Oustanding at end of period 93,488 $ 13.17 9.5 $ 15,000 Vested and expected to vest 93,488 $ 13.17 9.5 $ 15,000 Exercisable at end of period 23,382 $ 12.67 9.1 $ 15,000
Schedule of nonvested restricted shares activity	Weighted Number Average of Grant-Date Shares Fair Value Nonvested at beginning of year 22,553 $ 13.32 Granted — — Exercised — — Forfeited — — Nonvested at end of period 22,553 $ 13.32

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Measurements
Schedule of assets measured at fair value on a recurring and nonrecurring basis	Carrying Value Level 1 Level 2 Level 3 Total (In thousands) March 31, 2020 Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ — $ 9,325 $ — $ 9,325 Agency CMO — 9,899 — 9,899 Municipal obligations — 36,823 — 36,823 Total securities available for sale $ — $ 56,047 $ — $ 56,047 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ — $ — $ 1,302 $ 1,302 Commercial real estate — — 595 595 Commercial business — — 369 369 Total impaired loans $ — $ — $ 2,266 $ 2,266 Real estate held for sale $ — $ — $ 135 $ 135 December 31, 2019 Assets Measured on a Recurring Basis Securities available for sale: Agency MBS $ — $ 9,770 $ — $ 9,770 Agency CMO — 10,712 — 10,712 Municipal obligations — 37,935 — 37,935 Total securities available for sale $ — $ 58,417 $ — $ 58,417 Assets Measured on a Nonrecurring Basis Impaired loans: One-to-four family residential $ — $ — $ 1,406 $ 1,406 Commercial real estate — — 581 581 Commercial business — — 378 378 Total impaired loans $ — $ — $ 2,365 $ 2,365 Real estate held for sale $ — $ — $ 135 $ 135
Schedule of estimated fair values of financial instruments	Fair Value Measurements Using Carrying (In thousands) Value Level 1 Level 2 Level 3 March 31, 2020 Financial assets: Cash and cash equivalents $ 21,742 $ 21,742 $ — $ — Securities available for sale 56,047 — 56,047 — Securities held to maturity 38 — 38 — Loans, net 122,238 — — 129,559 FHLB stock 778 N/A N/A N/A Accrued interest receivable 759 — 759 — Financial liabilities: Deposits 148,134 — — 148,611 Advance from FHLB 10,000 — 10,377 — Accrued interest payable 15 — 15 — December 31, 2019 Financial assets: Cash and cash equivalents $ 18,817 $ 18,817 $ — $ — Securities available for sale 58,417 — 58,417 — Securities held to maturity 42 — 42 — Loans, net 123,272 — — 126,187 FHLB stock 778 N/A N/A N/A Accrued interest receivable 865 — 865 — Financial liabilities: Deposits 146,969 — — 146,831 Advance from FHLB 10,000 — 10,080 — Accrued interest payable — —

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers
Summary of revenue from contracts with customers	Three Months Ended March 31, (In thousands) 2020 2019 Service charges on deposit accounts $ 49 $ 76 ATM transaction and point-of-sale interchange fees 91 89 Other income 14 9 Revenue from contracts with customers 154 174 Increase in cash surrender value of life insurance 17 18 Other income 1 1 Other noninterest income 18 19 Total noninterest income $ 172 $ 193

Conversion and Stock Issuance -

Conversion and Stock Issuance - Additional Information (Details) - Conversion $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Conversion And Stock Issuance [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued | shares	2,559,871
Expenses related to stock offering | $	$ 1.2
Amount of net proceeds in plan of conversion | $	24.4
Contribution to Bank in plan of conversion | $	$ 10.2
Number of shares exchanged to public stockholders | shares	2.3462
Number of shares outstanding | shares	3,565,430
Employee stock ownership plan ("ESOP")
Conversion And Stock Issuance [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

Investment Securities - Availab

Investment Securities - Available of sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities available for sale:
Amortized Cost	$ 56,320	$ 56,713
Gross Unrealized Gains	897	1,861
Gross Unrealized Losses	1,170	157
Fair Value	56,047	58,417
Agency MBS
Securities available for sale:
Amortized Cost	9,157	9,803
Gross Unrealized Gains	168	3
Gross Unrealized Losses	0	36
Fair Value	9,325	9,770
Agency CMO
Securities available for sale:
Amortized Cost	9,553	10,520
Gross Unrealized Gains	346	209
Gross Unrealized Losses		17
Fair Value	9,899	10,712
Mortgage-backed securities
Securities available for sale:
Amortized Cost	18,710	20,323
Gross Unrealized Gains	514	212
Gross Unrealized Losses		53
Fair Value	19,224	20,482
Municipal obligations
Securities available for sale:
Amortized Cost	37,610	36,390
Gross Unrealized Gains	383	1,649
Gross Unrealized Losses	1,170	104
Fair Value	$ 36,823	$ 37,935

Investment Securities - Held to

Investment Securities - Held to maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities held to maturity:
Amortized Cost	$ 38	$ 42
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	38	42
Agency MBS
Securities held to maturity:
Amortized Cost	38	42
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 38	$ 42

Investment Securities - Amortiz

Investment Securities - Amortized cost and fair value of debt securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Available for Sale Amortized Cost
Due in one year or less, Amortized Cost	$ 0
Due after one year through five years, Amortized Cost	1,504
Due after five years through ten years, Amortized Cost	8,464
Due after ten years, Amortized Cost	27,642
Available for Sale, Amortized Cost	37,610
Amortized Cost	56,320	$ 56,713
Available for Sale Fair Value
Due in one year or less, Fair Value	0
Due after one year through five years, Fair Value	1,566
Due after five years through ten years, Fair Value	8,697
Due after ten years, Fair Value	26,560
Available for Sale, Fair Value	36,823
Fair Value	56,047	58,417
Mortgage-backed securities
Available for Sale Amortized Cost
Amortized Cost	18,710	20,323
Available for Sale Fair Value
Fair Value	$ 19,224	$ 20,482

Investment Securities - Contrac

Investment Securities - Contractual maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Held to Maturity, Amortized Cost
Due in one year or less, Amortized Cost	$ 0
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	38	$ 42
Held to Maturity, Fair Value
Due in one year or less, Fair Value	0
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	38	$ 42
Mortgage-backed securities
Held to Maturity, Amortized Cost
Amortized Cost	38
Held to Maturity, Fair Value
Fair Value	$ 38

Investment Securities - Investm

Investment Securities - Investment securities available for sale with gross unrealized losses (Details) $ in Thousands	Mar. 31, 2020USD ($)position	Dec. 31, 2019USD ($)position
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	36	15
Continuous loss position less than 12 months: Fair Value	$ 18,371	$ 12,276
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 1,170	$ 119
Continuous loss position more than 12 months: Number of Investment Positions | position		7
Continuous loss position more than 12 months: Fair Value		$ 4,785
Continuous loss position more than 12 months: Gross Unrealized Losses		$ 38
Total securities available for sale: Number of Investment Positions | position	36	22
Total securities available for sale: Fair Value	$ 18,371	$ 17,061
Total securities available for sale: Gross Unrealized Losses	$ 1,170	$ 157
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		$ 3,304
Continuous loss position less than 12 months: Gross Unrealized Losses		$ 9
Continuous loss position more than 12 months: Number of Investment Positions | position		6
Continuous loss position more than 12 months: Fair Value		$ 3,696
Continuous loss position more than 12 months: Gross Unrealized Losses		$ 27
Agency CMO
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position		2
Continuous loss position less than 12 months: Fair Value		$ 1,942
Continuous loss position less than 12 months: Gross Unrealized Losses		$ 6
Continuous loss position more than 12 months: Number of Investment Positions | position		1
Continuous loss position more than 12 months: Fair Value		$ 1,089
Continuous loss position more than 12 months: Gross Unrealized Losses		$ 11
Municipal obligations
Securities available for sale:
Continuous loss position less than 12 months: Number of Investment Positions | position	36	10
Continuous loss position less than 12 months: Fair Value	$ 18,371	$ 7,030
Continuous loss position less than 12 months: Gross Unrealized Losses	$ 1,170	$ 104

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Investment Securities
Percentage of deprecation in loss position for available-for-sale debt securities from amortized cost basis	5.99%
Realized gross loss on sale of securities available for sale	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 123,757	$ 124,742
Deferred loan origination fees and costs, net	22	28
Allowance for loan losses	(1,541)	(1,498)	$ (1,514)	$ (1,504)
Loans, net	122,238	123,272
Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,645	3,234
Deferred loan origination fees and costs, net	(36)	(36)
Residential real estate | One-to-four family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	69,270	71,606
Deferred loan origination fees and costs, net	21	23
Allowance for loan losses	(968)	(955)	(992)	(1,012)
Residential real estate | Multi-family residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	9,260	9,260
Deferred loan origination fees and costs, net	(10)	(11)
Allowance for loan losses	(92)	(83)	(75)	(59)
Residential real estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	828	367
Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	33,210	32,311
Deferred loan origination fees and costs, net	(12)	(6)
Allowance for loan losses	(312)	(289)	(283)	(259)
Commercial Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,817	2,867
Allowance for loan losses	(40)	(44)	(38)	(48)
Commercial business loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	6,626	6,456
Deferred loan origination fees and costs, net	13	10
Allowance for loan losses	(105)	(102)	(103)	(98)
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,746	1,875
Deferred loan origination fees and costs, net	46	48
Allowance for loan losses	$ (24)	$ (25)	$ (23)	$ (28)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Recorded Investment in Loans:
Principal loan balance	$ 123,757	$ 124,742
Accrued interest receivable	384	410
Net deferred loan fees/costs	22	28
Recorded investment in loans	124,163	125,180
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	2,344	2,443
Collectively evaluated for impairment	121,819	122,737
Total Loans	124,163	125,180
Construction
Recorded Investment in Loans:
Principal loan balance	3,645	3,234
Accrued interest receivable	8	11
Net deferred loan fees/costs	(36)	(36)
Recorded investment in loans	3,617	3,209
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3,617	3,209
Total Loans	3,617	3,209
Residential real estate | One-to-four family residential
Recorded Investment in Loans:
Principal loan balance	69,270	71,606
Accrued interest receivable	219	254
Net deferred loan fees/costs	21	23
Recorded investment in loans	69,510	71,883
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	1,327	1,431
Collectively evaluated for impairment	68,183	70,452
Total Loans	69,510	71,883
Residential real estate | Multi-family residential
Recorded Investment in Loans:
Principal loan balance	9,260	9,260
Accrued interest receivable	21	25
Net deferred loan fees/costs	(10)	(11)
Recorded investment in loans	9,271	9,274
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	9,271	9,274
Total Loans	9,271	9,274
Residential real estate | Construction
Recorded Investment in Loans:
Principal loan balance	828	367
Commercial Real Estate
Recorded Investment in Loans:
Principal loan balance	33,210	32,311
Accrued interest receivable	104	88
Net deferred loan fees/costs	(12)	(6)
Recorded investment in loans	33,302	32,393
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	614	600
Collectively evaluated for impairment	32,688	31,793
Total Loans	33,302	32,393
Commercial Real Estate | Construction
Recorded Investment in Loans:
Principal loan balance	2,817	2,867
Recorded investment in loans	3,617	3,209
Recorded Investment in Loans as Evaluated for Impairment:
Total Loans	3,617	3,209
Commercial business loans
Recorded Investment in Loans:
Principal loan balance	6,626	6,456
Accrued interest receivable	27	26
Net deferred loan fees/costs	13	10
Recorded investment in loans	6,666	6,492
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	403	412
Collectively evaluated for impairment	6,263	6,080
Total Loans	6,666	6,492
Consumer loans
Recorded Investment in Loans:
Principal loan balance	1,746	1,875
Accrued interest receivable	5	6
Net deferred loan fees/costs	46	48
Recorded investment in loans	1,797	1,929
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,797	1,929
Total Loans	$ 1,797	$ 1,929

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Company's recorded investment in loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 78	$ 78
Collectively evaluated for impairment	1,463	1,420
Ending balance	1,541	1,498	$ 1,514	$ 1,504
Residential real estate | One-to-four family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	26	25
Collectively evaluated for impairment	942	930
Ending balance	968	955	992	1,012
Residential real estate | Multi-family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	92	83
Ending balance	92	83	75	59
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	19	19
Collectively evaluated for impairment	293	270
Ending balance	312	289	283	259
Commercial Real Estate | Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	40	44
Ending balance	40	44	38	48
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	33	34
Collectively evaluated for impairment	72	68
Ending balance	105	102	103	98
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	24	25
Ending balance	$ 24	$ 25	$ 23	$ 28

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Analysis of the changes in the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan Losses:
Beginning balance	$ 1,498	$ 1,504
Provisions	57
Charge-offs	(18)	(5)
Recoveries	4	15
Ending balance	1,541	1,514
Residential real estate | One-to-four family residential
Allowance for Loan Losses:
Beginning balance	955	1,012
Provisions	24	(30)
Charge-offs	(12)	0
Recoveries	1	10
Ending balance	968	992
Residential real estate | Multi-family residential
Allowance for Loan Losses:
Beginning balance	83	59
Provisions	9	16
Charge-offs	0	0
Recoveries	0	0
Ending balance	92	75
Commercial Real Estate
Allowance for Loan Losses:
Beginning balance	289	259
Provisions	23	24
Charge-offs	0	0
Recoveries	0	0
Ending balance	312	283
Commercial Real Estate | Construction
Allowance for Loan Losses:
Beginning balance	44	48
Provisions	(4)	(10)
Charge-offs	0	0
Recoveries	0	0
Ending balance	40	38
Commercial business loans
Allowance for Loan Losses:
Beginning balance	102	98
Provisions	3	5
Charge-offs	0	0
Recoveries	0	0
Ending balance	105	103
Consumer loans
Allowance for Loan Losses:
Beginning balance	25	28
Provisions	2	(5)
Charge-offs	(6)	(5)
Recoveries	3	5
Ending balance	$ 24	$ 23

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Impaired loans using the cash receipts method of accounting (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans with no related allowance recorded:
Recorded Investment	$ 1,354	$ 1,439
Unpaid Principal Balance	1,424	1,878
Loans with an allowance recorded:
Recorded Investment	990	1,004
Unpaid Principal Balance	1,060	1,074
Related Allowance	78	78
Total Recorded Investment	2,344	2,443
Total Unpaid Principal Balance	2,484	2,952
Related Allowance for Loan Losses	78	78
Residential real estate | One-to-four family residential
Loans with no related allowance recorded:
Recorded Investment	1,070	1,172
Unpaid Principal Balance	1,148	1,457
Loans with an allowance recorded:
Recorded Investment	257	259
Unpaid Principal Balance	282	284
Related Allowance	25	25
Total Recorded Investment	1,327	1,431
Total Unpaid Principal Balance	1,430	1,741
Related Allowance for Loan Losses	25	25
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	253	235
Unpaid Principal Balance	246	389
Loans with an allowance recorded:
Recorded Investment	361	365
Unpaid Principal Balance	359	364
Related Allowance	19	19
Total Recorded Investment	614	600
Total Unpaid Principal Balance	605	753
Related Allowance for Loan Losses	19	19
Commercial Real Estate | 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
Commercial business loans
Loans with no related allowance recorded:
Recorded Investment	31	32
Unpaid Principal Balance	30	32
Loans with an allowance recorded:
Recorded Investment	372	380
Unpaid Principal Balance	419	426
Related Allowance	34	34
Total Recorded Investment	403	412
Total Unpaid Principal Balance	449	458
Related Allowance for Loan Losses	34	34
Consumer loans
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 - Nonperforming loans of nonaccrual loans and loans over 90 days past due recorded investment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	$ 1,244	$ 1,182
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	1,244	1,182
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	991	947
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	991	947
Residential real estate | Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Loans 90+ 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	253	235
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	253	235
Commercial Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	0	0
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	0	0
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual Loans	0	0
Loans 90+ Days Past Due Still Accruing	0	0
Total Nonperforming Loans	$ 0	$ 0

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Aging of recorded investment in loans (Details)1 - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 1,915	$ 3,008
Current	122,248	122,172
Total Loans	124,163	125,180
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,863	2,061
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	709
Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	52	238
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	3,617	3,209
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,422	2,238
Current	68,088	69,645
Total Loans	69,510	71,883
Residential real estate | One-to-four family residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,370	1,425
Residential real estate | One-to-four family residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	575
Residential real estate | One-to-four family residential | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	52	238
Residential real estate | Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Current	9,271	9,274
Total Loans	9,271	9,274
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	482	611
Current	32,820	31,782
Total Loans	33,302	32,393
Commercial Real Estate | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	482	477
Commercial Real Estate | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	134
Commercial Real Estate | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	152
Current	3,617	3,057
Total Loans	3,617	3,209
Commercial Real Estate | Construction | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	152
Commercial Real Estate | Construction | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial Real Estate | Construction | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	11	0
Current	6,655	6,492
Total Loans	6,666	6,492
Commercial business loans | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	11	0
Commercial business loans | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Commercial business loans | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	7
Current	1,797	1,922
Total Loans	1,797	1,929
Consumer loans | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	7
Consumer loans | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Consumer loans | Over 90 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 0	$ 0

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Recorded investment in loans by risk category (Details)1 - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 124,163	$ 125,180
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	121,912	123,052
Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	207	0
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,044	2,128
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	3,617	3,209
Residential real estate | One-to-four family residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	69,510	71,883
Residential real estate | One-to-four family residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	68,288	70,611
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	1,222	1,272
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	9,271	9,274
Residential real estate | Multi-family residential | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	9,271	9,274
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	33,302	32,393
Commercial Real Estate | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	32,676	31,949
Commercial Real Estate | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	207	0
Commercial Real Estate | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	419	444
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 Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,617	3,209
Commercial Real Estate | Construction | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,617	3,209
Commercial Real Estate | Construction | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Real Estate | Construction | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Real Estate | Construction | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Real Estate | Construction | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial business loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	6,666	6,492
Commercial business loans | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	6,263	6,080
Commercial business loans | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial business loans | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	403	412
Commercial business loans | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial business loans | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,797	1,929
Consumer loans | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,797	1,929
Consumer loans | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer loans | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer loans | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer loans | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0	$ 0

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Troubled Debt Restructuring by accrual status (Details)1 - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	$ 1,100	$ 1,261
Nonaccrual	135	137
Total	1,235	1,398
Related Allowance for Loan Losses	78	78
Residential real estate | One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	336	484
Nonaccrual	0	0
Total	336	484
Related Allowance for Loan Losses	25	25
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	361	365
Nonaccrual	135	137
Total	496	502
Related Allowance for Loan Losses	19	19
Commercial Real Estate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance for Loan Losses	0	0
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accruing	403	412
Nonaccrual	0	0
Total	403	412
Related Allowance for Loan Losses	34	34
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Allowance for Loan Losses	$ 0	$ 0

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Troubled Debt Restructuring that were restructured (Details)1 $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	1
Pre-Modification Outstanding Balance	$ 158
Post-Modification Outstanding Balance	$ 158
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | contract	1
Pre-Modification Outstanding Balance	$ 158
Post-Modification Outstanding Balance	$ 158

Loans and Allowance for Loan_13

Loans and Allowance for Loan Losses - Impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loans with no related allowance recorded:
Average Recorded Investment	$ 1,396	$ 1,857
Interest Income Recognized	2	9
Loans with an allowance recorded:
Average Recorded Investment	997	1,223
Interest Income Recognized	10	14
Total Average Recorded Investment	2,393	3,080
Total Interest Income Recognized	12	23
Residential real estate | One-to-four family residential
Loans with no related allowance recorded:
Average Recorded Investment	1,121	1,424
Interest Income Recognized	2	8
Loans with an allowance recorded:
Average Recorded Investment	258	454
Interest Income Recognized	0	3
Total Average Recorded Investment	1,379	1,878
Total Interest Income Recognized	2	11
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	244	385
Interest Income Recognized	0	1
Loans with an allowance recorded:
Average Recorded Investment	363	354
Interest Income Recognized	5	5
Total Average Recorded Investment	607	739
Total Interest Income Recognized	5	6
Commercial Real Estate | 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
Commercial business loans
Loans with no related allowance recorded:
Average Recorded Investment	31	48
Interest Income Recognized	0	0
Loans with an allowance recorded:
Average Recorded Investment	376	415
Interest Income Recognized	5	6
Total Average Recorded Investment	407	463
Total Interest Income Recognized	5	6
Consumer loans
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

Loans and Allowance for Loan_14

Loans and Allowance for Loan Losses - Additional Information (Details)	Mar. 31, 2020USD ($)loan
Loans and Allowance for Loan Losses
Number of loans | loan	6
Aggregate partial charge-offs loan	$ 156,000
Value of estimated to exceed	$ 100,000

Supplemental Disclosure for E_3

Supplemental Disclosure for Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Earnings:
Net income	$ 385	$ 362	$ 362
Shares:
Weighted average common shares outstanding	3,345,460	3,366,385
Net income per common share, basic (in dollars per share)	$ 0.12	$ 0.11
Earnings:
Net income	$ 385	$ 362	$ 362
Shares:
Weighted average common shares outstanding	3,345,460	3,366,385
Add: Dilutive effect of stock options	1,169	1,341
Add: Dilutive effect of restricted stock		144
Weighted average common shares outstanding, as adjusted	3,346,629	3,367,870
Net income per common share, diluted (in dollars per share)	$ 0.12	$ 0.11

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Compensation expense	$ 33,000	$ 33,000
Conversion | Employee stock ownership plan ("ESOP")
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Plan of conversion from mutual to stock form of ownership, number of shares issued	204,789
Purchase price per share for shares issued in plan of conversion	$ 10
Term of loan	20 years
Allocated shares	16,498
Unallocated shares	188,291
Value unallocated shares of common stock	$ 2,400,000

Stock-based Compensation Plan_2

Stock-based Compensation Plans - Stock option activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term, options vested and expected to vest	3 years 6 months	3 years 7 months 6 days
Stock options
Number of shares
Outstanding at beginning of year	93,488
Granted	0
Exercise	0
Forfeited or expired	0
Outstanding at end of period	93,488
Vested and expected to vest	93,488
Exercisable at end of period	23,382
Weighted Average Exercise Price
Outstanding at beginning of year	$ 13.17
Granted	0
Exercise	0
Forfeited or expired	0
Outstanding at end of period	13.17
Vested and expected to vest	13.17
Exercisable at end of period	$ 12.67
Weighted Average Remaining Contractual Term	9 years 6 months
Weighted Average Remaining Contractual Term, options vested and expected to vest	9 years 6 months
Weighted Average Remaining Contractual Term, options exercisable	9 years 1 month 6 days
Outstanding shares, Aggregate Intrinsic Value	$ 15,000
Vested and expected to vest, Aggregate Intrinsic Value	15,000
Exercisable at end of period Aggregate Intrinsic Value	$ 15,000

Stock-based Compensation Plan_3

Stock-based Compensation Plans - Nonvested restricted shares activity (Details)	Mar. 31, 2020$ / sharesshares
Number of shares
Nonvested at beginning of year | shares	22,553
Nonvested at end of period | shares	22,553
Weighted Average Grant-Date Fair Value
Nonvested at beginning of year | $ / shares	$ 13.32
Nonvested at end of period | $ / shares	$ 13.32

Stock-based Compensation Plan_4

Stock-based Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost charged against income	$ 18,000	$ 0
Unrecognized compensation expense related to nonvested stock options	209,000
Unrecognized compensation expense related to nonvested restricted shares	$ 278,000
Weighted average vesting period	3 years 6 months	3 years 7 months 6 days
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	93,488
Common stock have been granted, net of forfeitures	34,250
Vesting period	5 years
2019 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			255,987
Number of restricted stock available for grant			102,395

Fair Value Measurements - Fair

Fair Value Measurements - Fair value on a recurring and nonrecurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	$ 56,047	$ 58,417
Real estate held for sale	135	135
Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,325	9,770
Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,899	10,712
Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	36,823	37,935
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	56,047	58,417
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	0	0
Assets Measured on a Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	56,047	58,417
Assets Measured on a Recurring Basis | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,325	9,770
Assets Measured on a Recurring Basis | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,899	10,712
Assets Measured on a Recurring Basis | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	36,823	37,935
Assets Measured on a Recurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	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]
Total securities available for sale	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]
Total securities available for sale	0	0
Assets Measured on a Recurring Basis | Level 1 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	0	0
Assets Measured on a Recurring Basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	56,047	58,417
Assets Measured on a Recurring Basis | Level 2 | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,325	9,770
Assets Measured on a Recurring Basis | Level 2 | Agency CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	9,899	10,712
Assets Measured on a Recurring Basis | Level 2 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	36,823	37,935
Assets Measured on a Recurring Basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	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]
Total securities available for sale	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]
Total securities available for sale	0	0
Assets Measured on a Recurring Basis | Level 3 | Municipal obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities available for sale	0	0
Assets Measured on a Nonrecurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	2,266	2,365
Real estate held for sale	135	135
Assets Measured on a Nonrecurring Basis | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,302	1,406
Assets Measured on a Nonrecurring Basis | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	595	581
Assets Measured on a Nonrecurring Basis | Commercial business loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	369	378
Assets Measured on a Nonrecurring Basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	0	0
Real estate held for sale	0	0
Assets Measured on a Nonrecurring Basis | Level 1 | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	0	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]
Total impaired loans	0	0
Assets Measured on a Nonrecurring Basis | Level 1 | Commercial business loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total 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]
Total impaired loans	0	0
Real estate held for sale	0	0
Assets Measured on a Nonrecurring Basis | Level 2 | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	0	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]
Total impaired loans	0	0
Assets Measured on a Nonrecurring Basis | Level 2 | Commercial business loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total 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]
Total impaired loans	2,266	2,365
Real estate held for sale	135	135
Assets Measured on a Nonrecurring Basis | Level 3 | Residential real estate | One-to-four family residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	1,302	1,406
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	595	581
Assets Measured on a Nonrecurring Basis | Level 3 | Commercial business loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total impaired loans	$ 369	$ 378

Fair Value Measurements - Estim

Fair Value Measurements - Estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Securities available for sale	$ 56,047	$ 58,417
Securities held to maturity	38	42
Loans, net	122,238	123,272
FHLB stock	778	778
Financial liabilities:
Accrued interest payable	15	7
Carrying Value
Financial assets:
Cash and cash equivalents	21,742	18,817
Securities available for sale	56,047	58,417
Securities held to maturity	38	42
Loans, net	122,238	123,272
FHLB stock	778	778
Accrued interest receivable	759	865
Financial liabilities:
Deposits	148,134	146,969
FHLB advances	10,000	10,000
Accrued interest payable	15	7
Level 1
Financial assets:
Cash and cash equivalents	21,742	18,817
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
Accrued interest payable		0
Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	56,047	58,417
Securities held to maturity	38	42
Loans, net	0	0
Accrued interest receivable	759	865
Financial liabilities:
Deposits	0
FHLB advances	10,377	10,080
Accrued interest payable	15	7
Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Loans, net	129,559	126,187
Accrued interest receivable	0	0
Financial liabilities:
Deposits	$ 148,611	146,831
Accrued interest payable		$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Provision for loan losses	$ 57,000
Level 3 | Cost approach | Appraised value | Impaired loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Provision for loan losses	$ 0	$ 15,000
Percentage of discount from appraised value	10.00%		10.00%
Measurement inputs	estimated costs to sell the property		estimated costs to sell the property
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%		10.00%
Measurement inputs	estimated costs to sell the property	estimated costs to sell the property

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 154	$ 174
Increase in cash surrender value of life insurance	17	18
Other income	1	1
Other noninterest income	18	19
Total noninterest income	172	193
Deposit account service charges
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	49	76
ATM and debit card fee income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	91	89
Other income
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 14	$ 9

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details)	3 Months Ended
	Mar. 31, 2020
Restatement | ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of impact on consolidated balance sheet	5.00%