CBM Bancorp (CBMB) 10-Q14 Aug 192019 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 14, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	CBM BANCORP, INC.
Entity Central Index Key	0001742089
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, State or Province	MD
Entity Filer Category	Non-accelerated Filer
Title of 12(b) Security	Common stock
Trading Symbol	CBMB
Security Exchange Name	NASDAQ
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,232,000

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 1,092,182	$ 1,071,335
Interest-bearing deposits in other banks	15,483,011	17,775,425
Cash and cash equivalents	16,575,193	18,846,760
Time deposits in other banks	9,425,759	6,944,000
Securities available for sale, at fair value	42,120,064	37,447,423
Federal Home Loan Bank stock, at cost	279,100	245,200
Loans held for sale		211,107
Loans, net of unearned fees	144,553,477	143,508,813
Allowance for loan losses	(1,288,516)	(1,188,352)
Net loans	143,264,961	142,320,461
Accrued interest receivable	751,881	695,928
Bank-owned life insurance	4,646,986	4,609,357
Premises and equipment, net	1,854,883	1,924,518
Foreclosed real estate	845,000	865,000
Deferred income taxes	713,114	900,994
Prepaid expenses and other assets	405,531	402,344
Total assets	220,882,472	215,413,092
Liabilities
Noninterest-bearing deposits	20,968,181	18,111,318
Interest-bearing deposits	136,808,224	135,638,917
Total deposits	157,776,405	153,750,235
Advances by borrowers for taxes and insurance	1,187,103	477,781
Accounts payable and other liabilities	810,635	838,301
Total liabilities	159,774,143	155,066,317
Commitments and contingencies
Equity
Preferred stock, $.01 par value; authorized 1,000,000 shares, none issued
Common stock, $.01 par value; authorized 24,000,000 shares; issued and outstanding 4,232,000 shares at June 30, 2019 and December 31, 2018	42,320	42,320
Additional paid in capital	41,131,468	40,987,146
Retained earnings	22,780,512	22,336,134
Employee Stock Ownership Plan	(2,877,760)	(3,047,040)
2019 Equity Incentive Plan	(497,439)
Accumulated other comprehensive income	529,228	28,215
Total stockholders' equity	61,108,329	60,346,775
Total liabilities and stockholders' equity	$ 220,882,472	$ 215,413,092

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	24,000,000	24,000,000
Common stock, issued	4,232,000	4,232,000
Common stock, outstanding	4,232,000	4,232,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and dividend income
Interest and fees on loans	$ 1,824,909	$ 1,647,379	$ 3,552,192	$ 3,292,998
Interest and dividends on investments	464,714	159,426	917,935	294,321
Total interest income	2,289,623	1,806,805	4,470,127	3,587,319
Interest expense
Interest on deposits	346,557	228,874	662,593	443,414
Total interest expense	346,557	228,874	662,593	443,414
Net interest income	1,943,066	1,577,931	3,807,534	3,143,905
Provision for loan losses	60,000	75,000	150,000	150,000
Net interest income after provision for loan losses	1,883,066	1,502,931	3,657,534	2,993,905
Non-interest income
Service fees on deposit accounts	29,847	33,476	58,239	67,536
Income from bank-owned life insurance	19,113	19,283	37,628	40,935
Gain on sale of loans held for sale	19,023	58,264	34,272	123,856
Other non-interest income	36,657	34,198	66,777	64,193
Total non-interest income	104,640	145,221	196,916	296,520
Non-interest expense
Salaries, director fees and employee benefits	1,046,694	797,409	1,932,538	1,578,289
Premises and equipment	106,352	114,371	223,455	219,533
Data processing	138,687	133,919	278,580	270,130
Professional fees	162,449	82,141	285,137	158,512
FDIC premiums and regulatory assessments	27,711	33,082	57,926	62,628
Marketing	49,173	37,772	72,357	74,157
Provision for losses and costs on foreclosed real estate	26,359	2,936	29,174	6,295
Other operating expenses	202,124	156,534	379,667	294,726
Total non-interest expense	1,759,549	1,358,164	3,258,834	2,664,270
Income before income taxes	228,157	289,988	595,616	626,155
Income tax expense	55,802	73,377	151,238	153,539
Net income	$ 172,355	$ 216,611	$ 444,378	$ 472,616
Earnings per common share
Basic	$ 0.04		$ 0.11
Diluted	$ 0.04		$ 0.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Comprehensive Income - USD ($)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 172,355	$ 216,611	$ 444,378	$ 472,616
Other comprehensive income (loss)
Unrealized gain (loss) on investment securities available for sale	292,223	(15,471)	691,219	(80,193)
Income tax (expense) benefit relating to investment securities available for sale	(80,413)	4,256	(190,206)	22,067
Other comprehensive income (loss)	211,810	(11,215)	501,013	(58,126)
Total comprehensive income	$ 384,165	$ 205,396	$ 945,391	$ 414,490

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned ESOP Shares	Unearned RRP Shares [Member]	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 21,603,330			$ 21,653,191			$ (49,861)
Net income	472,616			472,616
Other comprehensive (loss) income	(58,126)						(58,126)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from accumulated other comprehensive loss				9,821			(9,821)
Ending balance at Jun. 30, 2018	22,017,820			22,135,628			(117,808)
Beginning balance at Mar. 31, 2018	21,812,424			21,919,017			(106,593)
Net income	216,611			216,611
Other comprehensive (loss) income	(11,215)						(11,215)
Ending balance at Jun. 30, 2018	22,017,820			22,135,628			(117,808)
Beginning balance at Dec. 31, 2018	60,346,775	$ 42,320	$ 40,987,146	22,336,134	$ (3,047,040)
Net income	444,378			444,378
Other comprehensive (loss) income	501,013
ESOP shares committed to be released	224,296		55,016		169,280
Repurchase of common stock for RRP	(497,439)					$ (497,439)
Stock based compensation	89,306		89,306
Ending balance at Jun. 30, 2019	61,108,329	42,320	41,131,468	22,780,512	(2,877,760)	(497,439)	529,228
Beginning balance at Mar. 31, 2019	61,016,763	42,320	41,011,268	22,608,157	(2,962,400)		317,418
Net income	172,355			172,355
Other comprehensive (loss) income	211,810						211,810
ESOP shares committed to be released	115,534		30,894		84,640
Repurchase of common stock for RRP	(497,439)					(497,439)
Stock based compensation	89,306		89,306
Ending balance at Jun. 30, 2019	$ 61,108,329	$ 42,320	$ 41,131,468	$ 22,780,512	$ (2,877,760)	$ (497,439)	$ 529,228

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 444,378	$ 472,616
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of securities	16,209	(2,473)
Gain on sale of loans held for sale	(34,272)	(126,856)
Originations of loans held for sale	(1,569,156)	(4,997,210)
Proceeds from sales of loans held for sale	1,814,535	5,847,559
Amortization of deferred loan origination costs, net of fees	(91,152)	(33,087)
Provision for loan losses	150,000	150,000
(Increase) decrease in accrued interest receivable	(55,953)	6,149
Increase in cash surrender value of life insurance	(37,629)	(37,441)
Depreciation and amortization	82,786	81,317
ESOP compensation expense	224,296
Stock based compensation expense	89,306
Writedown foreclosed real estate	20,000
(Increase) decrease in deferred income taxes	(2,326)	153,539
Increase in prepaid expenses and other assets	(3,187)	(185,700)
Decrease in accounts payable and other liabilities	(27,666)	(154,309)
Net cash provided by operating activities	1,020,169	1,174,104
Cash flows from investing activities:
Net purchases of time deposits in other banks	(2,481,759)	(248,000)
Proceeds from maturities, payments and calls of available for sale securities	8,651,792
Proceeds from maturities, payments and calls of held to maturity securities		340,983
Purchases of available for sale securities	(12,649,423)	(958,044)
Purchases of Federal Home Loan Bank stock	(33,900)	(3,100)
Net increase in loans	(1,003,348)	(164,069)
Proceeds from redemption of bank owned life insurance		882,278
Purchases of premises and equipment	(13,151)	(74,529)
Net cash used in investing activities	(7,529,789)	(224,481)
Cash flows from financing activities:
Net increase in deposits	4,026,170	5,265,194
Net increase in advances by borrowers	709,322	748,676
Repurchase of common stock	(497,439)
Net cash provided by financing activities	4,238,053	6,013,870
Net (decrease) increase in cash and cash equivalents	(2,271,567)	6,963,493
Cash and cash equivalents, beginning balance	18,846,760	12,030,272
Cash and cash equivalents, ending balance	16,575,193	18,993,765
Supplemental disclosure of cash flows information:
Cash paid for interest	662,735	$ 443,611
Cash paid for income taxes	$ 190,000

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2019
Significant Accounting Policies	Note 1. Significant Accounting Policies Basis of Presentation Pursuant to the terms and conditions of a plan of conversion and reorganization, adopted by its Board of Directors and approved by its members, Banks of the Chesapeake, M.H.C. converted from the mutual holding company corporate structure to the public stock holding company structure as follows: CBM Bancorp, Inc. (“CBM Bancorp” or “Company”) was incorporated on May 22, 2018 to serve as the successor holding company for Chesapeake Bank of Maryland (“Bank”),which was at that time the wholly owned subsidiary of Banks of the Chesapeake, M.H.C. On September 27, 2018, in accordance with the plan of conversion and reorganization, CBM Bancorp became the parent holding company for the Bank and Banks of the Chesapeake, M.H.C. merged with and into CBM Bancorp, with the Company as the surviving corporation. Upon consummation of the merger, Banks of the Chesapeake, M.H.C. ceased to exist. The conversion and reorganization was accomplished through the sale and issuance of 4,232,000 shares of common stock at a price of $10.00 per share, through which the Company received proceeds of approximately $40.9 million, net of offering expenses of approximately $1.4 million. Approximately 50% of the net proceeds of the offering, or $20.5 million was contributed by the Company to the Bank in return for 100% of the issued and outstanding shares of common stock of the Bank. In connection with the conversion and reorganization, the Bank’s Board of Directors adopted an employee stock ownership plan (the “ESOP”) which subscribed for 8% of the sum of the number of shares, or 338,560 shares of common stock sold in the offering. The plan of conversion and reorganization provided for the establishment of a liquidation account by CBM Bancorp for the benefit of eligible account holders in an amount equal to the value of the net assets of Banks of the Chesapeake, M.H.C. as of the date of the latest statement of financial condition of Banks of the Chesapeake, M.H.C. prior to the consummation of the conversion and reorganization. The plan of conversion and reorganization also provided for the establishment of a parallel liquidation account in the Bank to support the CBM Bancorp liquidation account in the event CBM Bancorp does not have sufficient assets to fund its obligations under the CBM Bancorp liquidation account. In the unlikely event that the Bank were to liquidate after the conversion and reorganization, all claims of creditors, including those of depositors, would be paid first. However, except with respect to the liquidation account to be established in CBM Bancorp, depositors’ claims would be solely for the principal amount of their deposit accounts plus accrued interest. Depositors generally would not have an interest in the value of the assets of the Bank or CBM Bancorp above that amount. Pursuant to the plan of conversion and reorganization, after two years from the date of conversion and reorganization, and upon the written request of the Federal Reserve Board, CBM Bancorp will transfer, or upon the prior written approval of the Federal Reserve Board, CBM Bancorp may transfer, the liquidation account and the depositors’ interests in such account to the Bank, and the liquidation account shall thereupon be subsumed into the liquidation account of the Bank. The Company may not pay a dividend on, or repurchase any of, its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements. In addition, the Company is subject to certain other regulations restricting the payment of dividends on, and the repurchase of, its capital stock. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q S-X 10-K Nature of Operations CBM Bancorp, Inc.’s primary business is the ownership and operation of the Bank, a community-oriented federal stock savings bank regulated by the Office of the Comptroller of the Currency. The Bank’s primary business activity is the acceptance of deposits from the general public and using the proceeds for loan originations and investments. The Bank is subject to competition from other financial institutions. The Bank is subject to the regulations of certain federal agencies and undergoes periodic examinations by the regulatory authorities. The accounting and reporting policies of CBM Bancorp, Inc. and Chesapeake Bank of Maryland conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and to general practices in the banking industry. The more significant policies follow: Principles of Consolidation The consolidated financial statements include the accounts of CBM Bancorp, Inc. and the Bank, its wholly owned subsidiary. Material intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of deferred tax assets. In connection with the determination of the allowances for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, interest-bearing deposits in other banks and federal funds sold. Generally federal funds are sold as overnight investments. Time Deposits in Other Banks The Bank uses financial instruments to supplement the investment securities portfolio. Interest income is recognized as earned. Purchase premiums and discounts are recognized as part of interest income using the interest method over the terms of the investments. Realized gains and losses on the sale of time deposits in other banks are included in earnings based on the trade date and are determined using the specific identification method. Time deposits in other banks are not marked to market. Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates Securities classified as available for sale are carried at fair value and are those securities that the Bank intends to hold for an indefinite period of time but not necessarily to maturity. Unrealized gains and losses are reported as increases or decreases in other comprehensive income. Realized gains and losses, determined on the basis of the cost of the specific securities sold, are included in earnings on a trade date basis. Premiums and discounts are recognized in interest income using a method which approximates the interest method over the terms of the securities. Declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary, if any, are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value Federal Home Loan Bank Stock Federal Home Loan Bank of Atlanta (“FHLB”) stock is an equity interest in the FHLB, which does not have a readily determinable fair value for purposes of Generally Accepted Accounting Standards related to Accounting for Certain Investments in Debt and Equity Securities, Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value. Fair value is derived from secondary market quotations for similar instruments. Gains and losses on loan sales are recorded in non-interest non-interest The Bank enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e., rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between the issuance of a loan commitment and closing and sale of the loan generally ranges from 30 to 90 days. The Bank protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the investor commits to purchase a loan at a price representing a premium on the day the borrower commits to an interest rate with the intent that they buyer/investor has assumed the interest rate risk on the loan. As a result, the Bank is not generally exposed to losses on loans sold utilizing best efforts, nor will it realize gains related to rate lock commitments due to changes in interest rates. Loans held for sale that are not ultimately sold, but instead are placed into the Bank’s portfolio, are reclassified as loans held for investment and recorded at fair value. Loans Loans are generally carried at the amount of unpaid principal, less the allowance for loan losses and adjusted for deferred loan origination fees and costs, which are recognized over the term of the loan as an adjustment to yield using a method that approximates the interest method. Interest on loans is accrued based on the principal amounts outstanding. It is the Bank’s policy to discontinue the accrual of interest when the principal or interest is delinquent for 90 days or more, or if collection of principal and interest in full is in doubt. A loan is considered impaired when, based on current information and events, it is probable that the Bank 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. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The carrying value of impaired loans is based on the present value of the loan’s expected future cash flows or, alternatively, the observable market price of the loan or the fair value of the collateral. Impaired loans also include certain loans that have been modified in a troubled debt restructuring (“TDR”) to make concessions to help a borrower remain current on the loan and/or to avoid foreclosure. These concessions typically result from the Bank’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Generally nonaccrual loans that are modified and are considered TDRs are classified as nonperforming at the time of the restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to earnings. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Bank maintains the allowance at a level believed, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. The evaluation process by portfolio segment includes, among other things, an analysis of delinquency trends, non-performing The establishment of the allowance for loan losses is significantly affected by management’s judgment and uncertainties, and there is likelihood that different amounts would be reported under different conditions or assumptions. The Office of the Comptroller of the Currency as an integral part of its examination process periodically reviews the allowance for loan losses and may require the Bank to make additional provisions for estimated loan losses based upon judgments different from those of management. The Bank’s policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. An asset is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard assets include those assets characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Assets classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Assets (or portions of assets) classified as loss, are those considered uncollectible and of such little value that their recognition as assets is not justified. Assets that do not expose us to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as special mention. While the Bank utilizes available information to recognize losses on loans, future additions to the allowances for loan losses may be necessary based on changes in economic conditions, particularly in its’ market area primarily in the state of Maryland. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance for loan losses based on their judgments about information available to them at the time of their examination. Actual loan losses may be significantly more than the allowance for loan and lease losses the Bank has established, which could have a material negative effect on our consolidated financial statements. Bank-Owned Life Insurance (“BOLI”) The Bank maintains life insurance policies on certain present and former directors. These policies are split-dollar or director insurance policies. Under the split-dollar insurance policies, the Bank pays the premiums and upon the death of the insured, the Bank will receive an amount equal to the premiums paid on the policy from the policy date to the date of death. Any remaining proceeds will be paid to the beneficiary. If the policy is surrendered before the date of death, the Bank will receive the lesser of the cash surrender value or the sum of the premiums paid on the policy from the policy date to the date of surrender. Under the director insurance policies, the Bank receives the cash surrender value if the policy is surrendered, or receives all benefits payable upon the death of the insured. As of June 30, 2019, and December 31, 2018, $122,627 and $129,775, respectively, was included in other liabilities related to the split-dollar insurance policies. Premises and Equipment Land is carried at cost. Property and equipment is carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method over estimated useful lives of assets. Amortization of leasehold improvements is recognized on a straight-line basis over the term of the lease or the life of the improvement, whichever is shorter. The cost of maintenance and repairs is charged to expense as incurred whereas improvements are capitalized. The range of estimated useful lives for premises and equipment are as follows: Buildings and land improvements 5 - 50 years Leasehold improvements 10 - 15 years Furniture, fixtures and equipment 3 – 10 years Automobile 5 years Foreclosed Real Estate Real estate acquired through foreclosure or other means is recorded at the fair value of the related real estate collateral at the transfer date less estimated selling costs. Losses incurred at the time of the acquisition of the property are charged to the allowance for loan losses. Subsequent reductions in the estimated fair value of the property are included in noninterest expense. Costs to maintain foreclosed real estate are expensed as incurred. Employee Stock Ownership Plan (“ESOP”) Compensation expense is recognized based on the current market price of shares committed to be released to employees. All shares released and committed to be released are deemed outstanding for purposes of earnings per share calculations. Dividends declared and paid on allocated shares held by the ESOP are charged to retained earnings. The value of unearned shares to be allocated to ESOP participants for future services not yet performed is reflected as a reduction of stockholders’ equity. Dividends declared on unallocated shares held by the ESOP are recorded as a reduction of the ESOP’s loan payment to the Company. Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards (“RRP”) issued to employees and directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for RRPs. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Income Taxes The provision for income taxes includes taxes payable for the current year and deferred income taxes. Deferred income taxes are provided for the temporary differences between financial and taxable income. Deferred income taxes and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted through earnings for the effects of changes in tax laws and rates on the date of enactment. Earnings per Common Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Weighted average shares include allocated ESOP shares but exclude unallocated ESOP shares. Diluted earnings per share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Off-Balance In the ordinary course of business, the Bank has entered into off-balance The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for loan commitments is represented by the contractual amount of these instruments. The Bank uses the same credit policies for these instruments as it does for the on-balance Concentrations of Credit Risk The Bank had approximately $1,171,000 and approximately $128,000 in deposits in other financial institutions in excess of amounts insured by the FDIC, as of June 30, 2019 and December 31, 2018, respectively. The Bank’s management considers this a normal business risk. The Bank also maintains accounts with brokerage firms containing securities. These balances are insured up to $500,000 by the Securities Investor Protection Corporation. Recent Accounting Pronouncements ASU 2016-02, ASU 2016-13, off-balance

Securities

Securities	6 Months Ended
Securities	Jun. 30, 2019
Securities	Note 2. Securities The amortized cost and estimated fair value of securities classified as available for sale at June 30, 2019 and December 31, 2018, are as follows: June 30, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale U.S. Government and Federal Agency obligations $ 16,444,956 $ 145,043 $ 17,337 $ 16,572,662 Residential mortgage-backed securities 23,439,645 574,685 3,673 24,010,657 Municipal securities 1,505,317 31,428 — 1,536,745 $ 41,389,918 $ 751,156 $ 21,010 $ 42,120,064 December 31, 2018 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale U.S. Government and Federal Agency obligations $ 18,264,805 $ 45,850 $ 90,583 $ 18,220,072 Residential mortgage-backed securities 17,637,729 111,837 4,580 17,744,986 Municipal securities 1,505,962 — 23,597 1,482,365 $ 37,408,496 $ 157,687 $ 118,760 $ 37,447,423 The amortized cost and estimated fair value of securities as of June 30, 2019 and December 31, 2018, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2019 Securities Available for Sale Amortized Fair Value Due in one year or less $ 6,995,734 $ 7,015,726 Due after one year through five years 9,468,881 9,571,691 Due five years to ten years 1,485,658 1,521,990 Due after ten years — — Mortgage-backed, in monthly installments 23,439,645 24,010,657 $ 41,389,918 $ 42,120,064 December 31, 2018 Securities Available for Sale Amortized Fair Value Due in one year or less $ 1,000,000 $ 989,119 Due after one year through five years 14,453,375 14,391,553 Due five years to ten years 4,317,392 4,321,765 Due after ten years — — Mortgage-backed, in monthly installments 17,637,729 17,744,986 $ 37,408,496 $ 37,447,423 Securities with gross unrealized losses at June 30, 2019 and December 31, 2018 aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Securities Available for Sale U.S. Government and Federal Agency obligations $ — $ — $ 2,982,663 $ 17,337 $ 2,982,663 $ 17,337 Residential mortgage-backed securities 1,547,600 3,673 — — 1,547,600 3,673 $ 1,547,600 $ 3,673 $ 2,982,663 $ 17,337 $ 4,530,263 $ 21,010 December 31, 2018 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Securities Available for Sale U.S. Government and Federal Agency obligations $ 963,945 $ 63 $ 4,408,553 $ 90,520 $ 5,372,498 $ 90,583 Residential mortgage-backed securities 2,838,108 4,580 — — 2,838,108 4,580 Municipal obligations — — 1,482,365 23,597 1,482,365 23,597 $ 3,802,053 $ 4,643 $ 5,890,918 $ 114,117 $ 9,692,971 $ 118,760 The unrealized losses that existed were a result of market changes in interest rates since the original purchase. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) structure of the security. The Bank transferred during 2018 its entire held to maturity portfolio of residential mortgage-backed securities to available for sale. The securities were transferred at a fair market value of $2,923,932 with a corresponding adjustment to accumulated other comprehensive income in the amount of $56,276 to account for the unrealized gain in the investment securities at the date of transfer. The Bank is prohibited from classifying any investments as held to maturity for the next two years. At June 30, 2019, the Bank held four investments with gross unrealized losses totaling $21,010. At December 31, 2018, the Bank held twelve investments with gross unrealized losses totaling $118,760. An impairment loss is recognized in earnings if any of the following are true: (1) the Bank intends to sell the debt security; (2) it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis; or (3) the Bank does not expect to recover the entire amortized cost basis of the security. In situations where the Bank intends to sell or when it is more likely than not that the Bank will be required to sell the security, the entire impairment loss must be recognized in earnings. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in equity as a component of other comprehensive income, net of deferred tax. There were no securities pledged as of June 30, 2019 and December 31, 2018.

Loans

Loans	6 Months Ended
Loans	Jun. 30, 2019
Loans	Note 3. Loans The Bank makes loans to customers primarily in the Baltimore Metropolitan Area and its surrounding counties. The principal loan portfolio segment balances at June 30, 2019 and December 31, 2018 were as follows: June 30, 2019 December 31, Real estate loans One-to $ 69,923,494 $ 70,197,875 Home equity loans and lines of credit 7,133,802 7,547,195 Construction and land development 8,762,381 8,232,067 Nonresidential 51,522,997 51,904,782 Total real estate loans 137,342,674 137,881,919 Other loans Commercial 6,884,895 5,250,815 Consumer 504,247 529,283 Total other loans 7,389,142 5,780,098 Total loans 144,731,816 143,662,017 Net deferred loan origination fees (178,339 ) (153,204 ) Allowance for loan losses (1,288,516 ) (1,188,352 ) Total loans, net $ 143,264,961 $ 142,320,461 Overdraft deposits are reclassified as consumer loans and are included in the total loans on the balance sheet. Overdrafts were $1,377 and $7,824 at June 30, 2019 and December 31, 2018, respectively. Portfolio segments The Bank currently manages its credit products and respective exposure to credit losses by the following specific portfolio segments (classes) which are levels at which the Bank develops and documents its systematic methodology to determine the allowance for loan losses attributable to each respective portfolio segment. The segments are: • One-to debt-to-income non-conforming. • Home equity loans and lines of credit one-to • Construction and land development • Nonresidential real estate loans – non-owner Non-owner • Commercial loans - • Consumer loans

Credit Quality of Loans and the

Credit Quality of Loans and the Allowance for Loan Losses	6 Months Ended
Credit Quality of Loans and the Allowance for Loan Losses	Jun. 30, 2019
Credit Quality of Loans and the Allowance for Loan Losses	Note 4. Credit Quality of Loans and the Allowance for Loan Losses The allowance for loan losses is maintained at a level to provide for losses that are probable and can be reasonably estimated. Management’s periodic evaluation of the adequacy of the allowance is based on the Bank’s past loan loss experience, known and inherent losses in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows expected to be received on impaired loans. The allowance consists of specific, general, and unallocated components. The specific component relates to loans that are classified as impaired. The general component covers non-impaired A loan is considered past due or delinquent when a contractual payment is not paid on the day it is due. A loan in considered impaired when, based on current information and events, it is probable that the Bank 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 Loans are automatically placed on non-accrual non-accrual non-accrual charge-off The following tables summarize the activity in the allowance for losses for the three and six months ended June 30, 2019 and 2018 and for the year ended December 31, 2018 and the distribution of the allowance for loan losses and loans receivable by loan portfolio class and impairment method as of June 30, 2019, June 30, 2018 and December 31, 2018. As of June 30, 2019 One –to Four-Family Home Equity Construction and Land Nonresidential Commercial Consumer Unallocated Total Allowance for loans losses: Beginning Balance – April 1, 2019 $ 306,044 $ 61,722 $ 218,995 $ 631,099 $ 29,649 $ 6,300 $ 24,543 $ 1,278,352 Charge-offs (49,836 ) — — — — — — (49,836 ) Recoveries — — — — — — — — Provision 84,429 (1,133 ) (53,061 ) (47,814 ) 25,430 104 52,045 60,000 Ending Balance – June 30, 2019 $ 340,637 $ 60,589 $ 165,934 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,288,516 Beginning Balance – January 1, 2019 $ 244,781 $ 68,837 $ 185,170 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,188,352 Charge-offs (49,836 ) — — — — — — (49,836 ) Recoveries — — — — — — — — Provision 145,692 (8,248 ) (19,236 ) (42,746 ) 26,200 (265 ) 48,603 150,000 Ending Balance – June 30, 2019 $ 340,637 $ 60,589 $ 165,934 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,288,516 Ending balance: individually evaluated for impairment $ 45,744 $ 1,415 $ 6,074 $ — $ — $ — $ — $ 53,233 Ending balance: collectively evaluated for impairment $ 294,893 $ 59,174 $ 159,860 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,235,283 Loans: Ending balance $ 69,923,494 $ 7,133,802 $ 8,762,381 $ 51,522,997 $ 6,884,895 $ 504,247 $ 144,731,816 Ending balance: individually evaluated for impairment $ 393,864 $ 89,283 $ 848,499 $ 2,092,072 $ — $ — $ 3,423,718 Ending balance: collectively evaluated for impairment $ 69,529,630 $ 7,044,519 $ 7,913,882 $ 49,430,925 $ 6,884,895 $ 504,247 $ 141,308,098 As of June 30, 2018 One –to Four-Family Home Equity Loans and Lines Construction and Land Development Nonresidential Commercial Consumer Unallocated Total Allowance for loans losses: Beginning Balance – April 1, 2018 $ 259,219 $ 74,611 $ 186,406 $ 481,381 $ 26,524 $ 16,183 $ 47,380 $ 1,091,704 Charge-offs (58,000 ) — — — — — — (58,000 ) Recoveries 7,563 — — — — — — 7,563 Provision (6,325 ) (4,283 ) (15,102 ) 109,808 3,613 618 (13,329 ) 75,000 Ending Balance – June 30, 2018 $ 202,457 $ 70,328 $ 171,304 $ 591,189 $ 30,137 $ 16,801 $ 34,051 $ 1,116,267 Beginning Balance – January 1, 2018 $ 238,148 $ 83,129 $ 173,167 $ 446,576 $ 44,199 $ 15,933 $ 37,253 $ 1,038,405 Charge-offs (88,000 ) — — — — — — (88,000 ) Recoveries 7,563 — 8,299 — — — — 15,862 Provision 44,746 (12,801 ) (10,162 ) 144,613 (14,062 ) 868 (3,202 ) 150,000 Ending Balance – June 30, 2018 $ 202,457 $ 70,328 $ 171,304 $ 591,189 $ 30,137 $ 16,801 $ 34,051 $ 1,116,267 Ending balance: individually evaluated for impairment $ — $ 20,162 $ — $ — $ — $ 6,002 $ — $ 26,164 Ending balance: collectively evaluated for impairment $ 202,457 $ 50,166 $ 171,304 $ 591,189 $ 30,137 $ 10,799 $ 34,051 $ 1,090,103 Loans: Ending balance $ 67,766,766 $ 8,784,758 $ 8,222,573 $ 49,572,669 $ 5,479,510 $ 556,852 $ 140,383,128 Ending balance: individually evaluated for impairment $ 549,886 $ 65,785 $ 123,338 $ — $ — $ 6,002 $ 745,011 Ending balance: collectively evaluated for impairment $ 67,216,880 $ 8,718,973 $ 8,099,235 $ 49,572,669 $ 5,479,510 $ 550,850 $ 139,638,117 As of December 31, 2018 One –to Four-Family Home Equity Loans and Lines of Credit Construction and Land Nonresidential Commercial Consumer Unallocated Total Beginning Balance $ 238,148 $ 83,129 $ 173,167 $ 446,576 $ 44,199 $ 15,933 $ 37,253 $ 1,038,405 Charge-offs (88,000 ) (12,013 ) — (335,000 ) — (5,901 ) — (440,914 ) Recoveries 7,562 — 8,299 — — — — 15,861 Provision 87,071 (2,279 ) 3,704 514,455 (15,320 ) (3,363 ) (9,268 ) 575,000 Ending Balance $ 244,781 $ 68,837 $ 185,170 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,188,352 Ending balance: individually evaluated for impairment $ — $ 2,089 $ 6,074 $ — $ — $ — $ — $ 8,163 Ending balance: collectively evaluated for impairment $ 244,781 $ 66,748 $ 179,096 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,180,189 Loans: Ending balance $ 70,197,875 $ 7,547,195 $ 8,232,067 $ 51,904,782 $ 5,250,815 $ 529,283 $ 143,662,017 Ending balance: individually evaluated for impairment $ 585,047 $ 130,795 $ 86,728 $ 484,223 $ — $ — $ 1,286,793 Ending balance: collectively evaluated for impairment $ 69,612,828 $ 7,416,400 $ 8,145,339 $ 51,420,559 $ 5,250,815 $ 529,283 $ 142,375,224 As part of the ongoing monitoring of the credit quality of the Bank’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grade of classified loans, net chargeoffs, nonperforming loans, credit scores, and the general economic conditions in the Bank’s market area. The Bank utilizes an internal rating system to monitor the credit quality of the overall loan portfolio. A description of the general characteristics is as follows: • Pass • Special mention • Substandard • Doubtful non-accrual • Loss charged-off When assets are classified as impaired, the Bank allocates a portion of the related general loss allowances to such assets as the Bank deems prudent. Determinations as to the classification of assets and the amount of loss allowances are subject to review by our principal federal regulator, the Office of the Comptroller of the Currency, which can require that we establish additional loss allowances. The Bank regularly reviews its asset portfolio to determine whether any assets require classification in accordance with applicable regulations. The following table is a summary of the loan portfolio quality indicators by loan class recorded investment as of June 30, 2019 and December 31, 2018: June 30, 2019 One-to Four-Family Home Equity Loans and Lines of Credit Construction Nonresidential Grade: Pass $ 69,242,780 $ 7,087,722 $ 7,913,882 $ 49,430,925 Special Mention 286,850 — — — Substandard 393,864 46,080 848,499 2,092,072 Doubtful — — — — $ 69,923,494 $ 7,133,802 $ 8,762,381 $ 51,522,997 Commercial Consumer Totals Grade: Pass $ 6,884,895 $ 504,247 $ 141,064,451 Special Mention — — 286,850 Substandard — — 3,380,515 Doubtful — — — $ 6,884,895 $ 504,247 $ 144,731,816 December 31, 2018 One-to Four-Family Home Equity Loans and Lines of Credit Construction Nonresidential Grade: Pass $ 69,499,216 $ 7,462,230 $ 7,351,165 $ 49,781,890 Special Mention 113,612 — 794,174 1,638,669 Substandard 585,047 84,965 86,728 484,223 Doubtful — — — — $ 70,197,875 $ 7,547,195 $ 8,232,067 $ 51,904,782 Commercial Consumer Totals Grade: Pass $ 5,250,815 $ 529,283 $ 139,874,599 Special Mention — — 2,546,455 Substandard — — 1,240,963 Doubtful — — — $ 5,250,815 $ 529,283 $ 143,662,017 The following table sets forth certain information with respect to our loan portfolio delinquencies by loan class and amount as of June 30, 2019 and December 31, 2018: June 30, 2019 Loans 30-59 Days Loans 60-89 Days Loans 90 or More Days Past Due Total Past Current Loans Total Loans Recorded Nonaccrual Real estate loans: One-to $ 225,916 $ 81,974 $ 156,276 $ 464,166 $ 69,459,328 $ 69,923,494 $ — $ 311,890 Home equity loans and lines of credit — — 46,080 46,080 7,087,722 7,133,802 — 46,080 Construction and land development 546,209 — 86,728 632,937 8,129,444 8,762,381 — 86,728 Nonresidential — — 484,223 484,223 51,038,774 51,522,997 — 484,223 Other loans: Commercial — — — — 6,884,895 6,884,895 — — Consumer 3,000 — — 3,000 501,247 504,247 — — Total loans $ 775,125 $ 81,974 $ 773,307 $ 1,630,406 $ 143,101,410 $ 144,731,816 $ — $ 928,921 December 31, 2018 Loans 30-59 Days Loans 60-89 Days Loans 90 or More Days Past Due Total Past Current Loans Total Loans Recorded Nonaccrual Real estate loans: One-to $ 101,183 $ 158,134 $ 343,651 $ 602,968 $ 69,594,907 $ 70,197,875 $ — $ 585,047 Home equity loans and lines of credit 35,606 — 48,005 83,611 7,463,584 7,547,195 — 84,965 Construction and land development 86,728 — — 86,728 8,145,339 8,232,067 — 86,728 Nonresidential — — 484,223 484,223 51,420,559 51,904,782 — 484,223 Other loans: Commercial — — — — 5,250,815 5,250,815 — — Consumer 233 — — 233 529,050 529,283 — — Total loans $ 223,750 $ 158,134 $ 875,879 $ 1,257,763 $ 142,404,254 $ 143,662,017 $ — $ 1,240,963 At June 30, 2019 and December 31, 2018 there were no loans 90 days past due and still accruing interest. At June 30, 2019, the Bank had six loans on non-accrual non-accrual The Bank accounts for impaired loans under generally accepted accounting principles. An impaired loan generally is one for which it is probable, based on current information, that the lender will not collect all the amounts due under the contractual terms of the loan. Loans are individually evaluated for impairment. When the Bank classifies a problem asset as impaired, it provides a specific reserve for that portion of the asset that is deemed uncollectible based on the present value of expected future cash flows discounted at the loan’s original effective interest rate, or based on the loan’s observable market price or fair value of the collateral if the loan is collateral dependent. The following table is a summary of impaired loans for the three and six months ended June 30, 2019 and 2018 and the year ended and December 31, 2018: Three Months Ended Six Months Ended Impaired Loans at June 30, 2019 June 30, 2019 June 30, 2019 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: One-to four-family $ 225,241 $ 227,030 $ — $ 225,605 $ 1,059 $ 227,511 $ 4,441 Home equity loans and lines of credit 46,080 46,080 — 46,080 668 47,043 1,408 Construction and land development 761,771 761,771 — 776,140 18,803 777,973 27,940 Nonresidential 2,092,072 2,478,956 — 2,099,470 16,537 2,106,982 32,869 With an allowance recorded: One-to four-family $ 168,623 $ 168,878 $ 45,744 $ 169,047 $ 1,253 $ 169,434 $ 3,011 Home equity loans and lines of credit 43,203 43,203 1,415 43,759 — 44,517 1,543 Construction and land development 86,728 86,728 6,074 86,728 — 86,728 — Total One-to four-family $ 393,864 $ 395,908 $ 45,744 $ 394,652 $ 2,312 $ 396,945 $ 7,452 Home equity loans and lines of credit 89,283 89,283 1,415 89,839 668 91,560 2,951 Construction and land development 848,499 848,499 6,074 862,868 18,803 864,701 27,940 Nonresidential 2,092,072 2,478,956 — 2,099,470 16,537 2,106,982 32,869 Three Months Ended Six Months Ended Impaired Loans at June 30, 2018 June 30, 2018 June 30, 2018 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: One-to four-family $ 549,886 $ 607,886 $ — $ 610,003 $ 7,919 $ 612,497 $ 17,260 Construction and land development 123,338 123,338 — 123,338 — 123,338 — With an allowance recorded: Home equity loans and lines of credit $ 65,785 $ 65,785 $ 20,162 $ 66,223 $ 997 $ 67,559 $ 2,226 Consumer 6,002 6,002 6,002 6,027 40 6,140 198 Total One-to four-family $ 549,886 $ 607,886 $ — $ 610,003 $ 7,919 $ 612,497 $ 17,260 Home equity loans and lines of credit 65,785 65,785 20,162 66,223 997 67,559 2,226 Construction and land development 123,338 123,338 — 123,338 — 123,338 — Consumer 6,002 6,002 6,002 6,027 40 6,140 198 December 31, 2018 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: One-to four-family $ 585,047 $ 650,982 $ — $ 622,738 $ 22,214 Home equity loans and lines of credit 84,965 84,965 — 86,032 3,197 Nonresidential 484,223 872,655 — 847,383 26,452 With an allowance recorded: Home equity loans and lines of credit $ 45,830 $ 45,869 $ 2,089 $ 47,459 $ 2,743 Construction and land development 86,728 86,728 6,074 87,542 3,916 Total One-to four-family $ 585,047 $ 650,982 $ — $ 622,738 $ 22,214 Home equity loans and lines of credit 130,795 130,834 2,089 133,491 5,940 Construction and land development 86,728 86,728 6,074 87,542 3,916 Nonresidential 484,223 872,655 — 847,383 26,452 Impaired loans also include certain loans that have been modified in a troubled debt restructuring (a “TDR”) to make concessions to help a borrower remain current on the loan and/or to avoid foreclosure. These concessions typically result from the Bank’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Generally nonaccrual loans that are modified and are considered TDRs are classified as nonperforming at the time of the restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. A summary of TDRs at June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 Number of Contracts Performing Nonperforming Total One-to — $ — $ — $ — Home equity loans and lines of credit 1 43,203 — 43,203 Construction and land development — — — — Nonresidential — — — — Commercial — — — — Consumer — — — — 1 $ 43,203 $ — $ 43,203 December 31, 2018 Number of Contracts Performing Nonperforming Total One-to 1 $ — $ 120,380 $ 120,380 Home equity loans and lines of credit 1 45,830 — 45,830 Construction and land development — — — — Nonresidential — — — — Commercial — — — — Consumer — — — — 2 $ 45,830 $ 120,380 $ 166,210 The Bank had one TDR at June 30, 2019 totaling $43,203 and two TDRs at December 31, 2018 totaling $166,210. The Bank has no commitments to loan additional funds to borrowers whose loans have been modified. There were no nonperforming TDRs reclassified to nonperforming loans during the three and six months ended June 30, 2019 and 2018. A default is considered to have occurred once the TDR is past due 90 days or more, or it has been placed on nonaccrual. If loans modified in a TDR subsequently default, the Bank evaluates the loan for possible further impairment. The allowance may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan.

Foreclosed Real Estate

Foreclosed Real Estate	6 Months Ended
Foreclosed Real Estate	Jun. 30, 2019
Foreclosed Real Estate	Note 5. Foreclosed Real Estate At June 30, 2019 and December 31, 2018, the Bank had $845,000 and $865,000 in foreclosed real estate. The Bank did not dispose of any foreclosed real estate during the three and six months ended June 30, 2019 and June 30, 2018 and the twelve months ended December 31, 2018. The following table summarizes changes in foreclosed real estate for the six months ended June 30, 2019 and 2018 and for the year ended December 31, 2018, which are measured on a nonrecurring basis using significant unobservable, Level 3, inputs: June 30, December 31, 2019 2018 2018 Balance, beginning of period $ 865,000 $ 865,000 $ 865,000 Transfer to foreclosed real estate — — — Proceeds from sale of foreclosed real estate — — — Gain (loss) on sale of foreclosed real estate — — — Write-down of foreclosed real estate 20,000 — — Balance, end of period $ 845,000 $ 865,000 $ 865,000 At June 30, 2019 there were no residential real estate loans in the process of foreclosure. At December 31, 2018 there were two residential real estate loans totaling $184,228 and one nonresidential real estate loan totaling $484,223 in the process of foreclosure. At June 30, 2019 and December 31, 2018, there were no residential real estate properties included in foreclosed real estate.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2019
Deposits	Note 6. Deposits Deposits are summarized as follows: June 30, December 31, 2019 2018 Noninterest-bearing demand $ 20,968,181 $ 18,111,318 Interest-bearing demand 25,056,330 23,354,687 Money market 10,535,514 11,775,372 Savings 24,146,591 24,881,515 Certificates of deposit 77,069,789 75,627,343 Total deposits $ 157,776,405 $ 153,750,235 Deposit accounts in the Bank are federally insured up to $250,000 per depositor. The aggregate amount of time deposits with balances of $250,000 or more totaled $10,889,063 and $11,415,706 at June 30, 2019 and December 31, 2018, respectively. At June 30, 2019 certificates of deposit and their remaining maturities were as follows: 2020 $ 29,875,663 2021 18,325,009 2022 14,524,576 2023 8,067,141 2024 6,277,400 $ 77,069,789 Deposit balances of officers and directors totaled $1,009,751 and $730,168 at June 30, 2019 and December 31, 2018, respectively.

Borrowings

Borrowings	6 Months Ended
Borrowings	Jun. 30, 2019
Borrowings	Note 7. Borrowings The Bank has an agreement with the Federal Home Loan Bank of Atlanta (“FHLB”) that allows it to obtain advances secured by assets owned by the Bank. Total advances are limited to 25% of the Bank’s total assets. As of June 30, 2019 and December 31, 2018, the Bank had availability of $54,300,000 and $54,400,000, respectively, with FHLB. As of June 30, 2019 and December 31, 2018, the Bank pledged a portion of its one-to The Bank also has a $2,000,000 secured federal funds line of credit available with another financial institution, for which no amounts were outstanding as of June 30, 2019 and December 31, 2018.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
Employee Stock Ownership Plan	Jun. 30, 2019
Employee Stock Ownership Plan	Note 8. Employee Stock Ownership Plan In connection with the Bank’s mutual to stock conversion in September 2018, the Bank established the Chesapeake Bank of Maryland Employee Stock Ownership Plan (“ESOP”) for all eligible employees. The ESOP purchased 338,560 shares of Company common stock in the Company’s initial public offering at $10.00 per share with the proceeds of a ten (10) year loan from the Company. The Bank intends to make annual contributions to the ESOP that at a minimum will permit the ESOP to repay the principal and interest due on the ESOP debt. However, the Bank may prepay the principal of the note, partially or in full and without penalty or premium at any time and from time to time without prior notice to the holder. Dividends declared on Company common stock held by the ESOP and not allocated to the account of a participant can be used to repay the loan. As the ESOP loan is repaid, shares of Company common stock pledged as collateral for the loan are released from the loan suspense account for allocation to Plan participants on the basis of each active participant’s proportional share of compensation. Participants vest 100% in their ESOP allocations after three years of service. In connection with the implementation of the ESOP, participants were given credit for past service with the Bank for vesting purposes. Participants will become fully vested upon age 65, death or disability, a change in control, or termination of the ESOP. Generally, participants will receive distributions from the ESOP upon separation from service. The plan reallocates any unvested shares of common stock forfeited upon termination of employment among the remaining participants in the plan. The ESOP compensation expense for the three and six months ended June 30, 2019 was $115,534 and $224,296, respectively. There was no ESOP compensation expense for the three and six months ended June 30, 2018. This amount represents the average fair market value of the shares of Company common stock allocated or committed to be released as of that date. The difference between the market price and the cost of shares committed to be released is recorded as an adjustment to additional paid-in

Stock Based Compensation

Stock Based Compensation	6 Months Ended
Stock Based Compensation	Jun. 30, 2019
Stock Based Compensation	Note 9. Stock Based Compensation On May 14, 2019, the Board of Directors adopted the 2019 Equity Incentive Plan (“2019 Plan”), which was approved at the Annual Meeting of Stockholders. The 2019 Plan allows for up to 169,280 shares to be issued to employees, executive officers or Directors in the form of restricted stock, and up to 423,200 shares to be issued to employees, executive officers or Directors in the form of stock options. At June 30, 2019, there were 161,320 restricted stock awards granted and 368,300 stock option awards granted under the 2019 Plan. Restricted Stock The specific terms of each restricted stock award are determined by the Compensation Committee at the date of the grant. Compensation expense is recognized over the vesting period of the awards based on the fair value of the stock at the date of the grant. Participants will vest in their share awards at a rate of 20% per year over a five year period, beginning on the date of the plan share award. If service to the Company is terminated for any reason other than death, disability or change in control, the unvested share awards will be forfeited. The 2019 Equity Incentive Plan Trust (“Trust”) has been established to acquire, hold, administer, invest and make distributions from the Trust in accordance with provisions of the Plan and Trust. The Company will contribute sufficient funds to the Trust so that the Trust can acquire 169,280 shares of common stock which will be held in the Trust subject to the restricted stock award vesting requirements. At June 30, 2019, there were 133,323 shares remaining to be purchased for the Trust. The Plan provides that grants to each employee and non-employee non-employee The following table presents a summary of the activity in the Company’s restricted stock for the six months ended June 30, 2019: Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2019 — $ — Granted 161,320 13.40 Vested — — Forfeited — — Nonvested at June 30, 2019 161,320 $ 13.40 Fair value of vested shares $ — The following table outlines the vesting schedule of the nonvested restricted stock awards as of June 30, 2019: Year Ending December 31, Number of Restricted Shares 2019 — 2020 32,264 2021 32,264 2022 32,264 2023 32,264 2024 32,264 161,320 The Company recorded compensation expense related to restricted stock awards of $56,855 during the three and six months ended June 30, 2019. No compensation expense was recorded for the three and six months ended June 30, 2018. As of June 30, 2019, there was $2,104,833 of total unrecognized compensation expense related to nonvested shares granted under the 2019 Plan. The cost is expected to be recognized over a weighted average period of 4.9 years. Stock Options Under the above 2019 Plan, stock options are granted to provide the Company’s directors and key employees with a proprietary interest in the Company as an as incentive to contribute to its success. The Board of Directors of the Company may grant options to eligible employees and non-employee below. Expected volatilities are based on historical data. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of the options granted represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury rate equal to the expected term of the option at the time of the grant. The fair value of options granted to date was determined using the following assumptions as of the grant date. Expected Stock Price Volatility 17.08 % Expected Dividend Yield 0.00 % Expected Term (In Years) 7.0 Risk-Free Rate 2.30 % Fair Value of Options Granted $ 3.35 The following tables summarize the Company’s stock option activity and related information for the six months ended June 30, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding at January 1, 2019 — $ — Granted 368,300 13.40 10.00 Vested — — Forfeited — — Outstanding at June 30, 2019 368,300 $ 13.40 10.00 Fair value of vested shares $ — The Company recorded compensation expense related to stock options of $32,451 during the three and six months ended June 30, 2019. No compensation expense was recorded for the three and six months ended June 30, 2018 relating to stock options. As of June 30, 2019, there was $1,201,354 of total unrecognized compensation expense related to nonvested stock options granted under the plan. The cost is expected to be recognized over a weighted average period of 4.9 years. The intrinsic value of a stock option is the amount that the market value of the underlying stock exceeds the exercise price of the option. Based upon a fair market value of $13.80 at June 30, 2019, the options outstanding had an intrinsic value of $147,320.

Stock Repurchases

Stock Repurchases	6 Months Ended
Stock Repurchases	Jun. 30, 2019
Stock Repurchases	Note 10. Stock Repurchases On May 14, 2019, the Board of Directors authorized the repurchase of up to 169,280 shares of the Company’s outstanding common stock for the Trust. The repurchase program is equal to the number of restricted stock shares eligible to be granted in the 2019 Plan. The following table sets forth information in connection with repurchases of the Company’s shares of common stock during the period listed. Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Maximum Number of Shares That May Yet Be Purchased Under the Plan May 14 – 31, 2019 2,822 $ 13.69 2,822 166,458 June 1 – 30, 2019 33,135 $ 13.85 35,957 133,323

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
Earnings Per Common Share	Jun. 30, 2019
Earnings Per Common Share	Note 11. Earnings Per Common Share Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to common stockholders is net income to the Company. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating earnings per share until they are committed to be released. Basic earnings per share excludes dilution and is computed by dividing net income by weighted average number of common shares outstanding during the period. Dilutive earnings per share reflects the potential dilution that could occur if stock options were exercised and is computed by dividing net income by the dilutive weighted average number of common shares outstanding during the period. Because the mutual to stock conversion was not completed until September 2018, the earnings per share data are not presented for the three and six months ended June 30, 2018. Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Net income $ 172,355 $ 444,378 Weighted average common shares outstanding - basic 3,927,296 3,927,296 Weighted average common shares outstanding - dilutive 3,937,971 3,937,971 Earnings per common share, basic and diluted $ 0.04 $ 0.11

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
Regulatory Capital Requirements	Jun. 30, 2019
Regulatory Capital Requirements	Note 12. Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s consolidated financial statements. These capital requirements were modified in 2013 with the Basel III capital rules, which establish a new comprehensive capital framework for U.S. banking organizations. The Bank became subject to the new rules on January 1, 2015, with a phase-in off-balance Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of Common Equity Tier 1 Capital, Tier 1 Capital, and Total Capital to Risk Weighted Assets and of Tier 1 Capital to Average Assets. Management believes, as of June 30, 2019 and December 31, 2018, all applicable capital adequacy requirements have been met. The most recent notification from the OCC categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based capital, Tier 1 capital to risk-weighted assets, and Tier 1 capital to adjusted total assets, ratios. There have been no conditions or events since that notification that management believes have changed the Bank’s category. The actual and required capital amounts and ratios of the Bank as of June 30, 2019 and December 31, 2018 were as follows (dollars in thousands): Actual Minimum Regulatory Capital Ratios under Basel III To Be Well Capitalized under Basel III Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of June 30, 2019: Common equity tier 1 capital $ 40,628 30.35 % $ 8,700 >6.50 % $ 8,700 >6.50 % Total risk-based capital 41,952 31.34 % 13,385 >10.0 % 13,385 >10.0 % Tier 1 capital (to risk-weighted assets) 40,628 30.35 % 10,708 >8.0 % 10,708 >8.0 % Tier 1 capital (to average assets) 40,628 18.56 % 8,757 >4.0 % 10,947 >5.0 % As of December 31, 2018: Common equity tier 1 capital $ 39,871 29.67 % $ 8,566 >6.375 % $ 8,734 >6.50 % Total risk-based capital 41,094 30.58 % 13,269 >9.875 % 13,437 >10.0 % Tier 1 capital (to risk-weighted assets) 39,871 29.67 % 10,581 >7.875 % 10,749 >8.0 % Tier 1 capital (to average assets) 39,871 18.45 % 8,643 >4.000 % 10,804 >5.0 %

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2019
Fair Value Measurements	Note 13. Fair Value Measurements ASC Topic 820 provides a framework for measuring and disclosing fair value under GAAP. ASC Topic 820 requires disclosures about the fair value of assets and liabilities recognized in the balance sheet in periods subsequent to initial recognition, whether the measurements are made on a recurring basis (for example, available-for-sale ASC Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Bank utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available-for-sale ASC Topic 820 establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy is as follows: Level 1 Level 2 Level 3 The following is a description of the valuation methods used for instruments measured at fair value as the general classification of such instruments pursuant to the applicable valuation method. Fair value measurements on a recurring basis Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2019 Securities available for sale: U.S. Government Agency and Federal Obligations $ — $ 16,572,662 $ — $ 16,572,662 Residential mortgage-backed securities 24,010,657 — 24,010,657 Municipal Securities — 1,536,745 — 1,536,745 December 31, 2018 Securities available for sale: U.S. Government Agency and Federal Obligations $ — $ 18,220,072 $ — $ 18,220,072 Residential mortgage-backed securities 17,744,986 — 17,744,986 Municipal Securities — 1,482,365 — 1,482,365 Fair value measurements on a nonrecurring basis Loans held for sale Impaired loans Foreclosed real estate Level 1 Level 2 Level 3 Total June 30, 2019 Loans held for sale $ — $ — $ — $ — Impaired loans — — 3,370,485 3,370,485 Foreclosed real estate — — 845,000 845,000 December 31, 2018 Loans held for sale $ — $ 211,107 $ — $ 211,107 Impaired loans — — 1,278,630 1,278,630 Foreclosed real estate — — 865,000 865,000 The following table presents quantitative information about Level 3 fair value measurements for selected financial instruments measured at fair value on a non-recurring Fair Value Value Technique(s) Unobservable Inputs Range or Rate June 30, 2019 Impaired loans $ 3,370,485 Appraised value Discount to reflect current market conditions 0.00%-48.96 % Discounted cash flows Discount rates 3.28 % Foreclosed real estate $ 845,000 Appraised value Discount to reflect current market conditions 10.11 % December 31, 2018 Impaired loans $ 1,278,630 Appraised value Discount to reflect current market conditions 0.00%-7.00 % Discounted cash flows Discount rates 4.55 % Foreclosed real estate $ 865,000 Appraised value Discount to reflect current market conditions 27.92 % The remaining financial assets and liabilities are not reported on the balance sheet at fair value on a recurring basis. The calculation of estimated fair values is based on market conditions at a specific point in time and may not reflect current or future fair values. The estimated fair values of the Bank’s financial instruments, whether carried at cost or fair value are as follows: Fair Value Measurements at June 30, 2019 Using Carrying Value Quoted (Level 1) Significant (Level 2) Significant (Level 3) Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents $ 16,575 $ 16,575 $ — $ — $ 16,575 Time deposits in other banks 9,426 — 9,531 — 9,531 Securities available for sale 42,120 — 42,120 — 42,120 Federal Home Loan Bank stock 279 — 279 — 279 Loans held for sale — — — — — Loans, net (1) 143,265 — — 144,974 144,974 Foreclosed real estate 845 — — 845 845 Accrued interest receivable 752 — 752 — 752 Financial liabilities: Deposits 157,776 — 140,749 — 140,749 (1) Carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01, Fair Value Measurements at December 31, 2018 Using Carrying Value Quoted (Level 1) Significant (Level 2) Significant (Level 3) Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents $ 18,847 $ 18,847 $ — $ — $ 18,847 Time deposits in other banks 6,944 — 6,867 — 6,867 Securities available for sale 37,447 — 37,447 — 37,447 Federal Home Loan Bank stock 245 — 245 — 245 Loans held for sale 211 — 211 — 211 Loans, net (1) 142,320 — — 141,563 141,563 Foreclosed real estate 865 — — 865 865 Accrued interest receivable 696 — 696 — 696 Financial liabilities: Deposits 153,750 — 136,090 — 136,090 (1) Carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01,

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2019
Basis of Presentation	Basis of Presentation Pursuant to the terms and conditions of a plan of conversion and reorganization, adopted by its Board of Directors and approved by its members, Banks of the Chesapeake, M.H.C. converted from the mutual holding company corporate structure to the public stock holding company structure as follows: CBM Bancorp, Inc. (“CBM Bancorp” or “Company”) was incorporated on May 22, 2018 to serve as the successor holding company for Chesapeake Bank of Maryland (“Bank”),which was at that time the wholly owned subsidiary of Banks of the Chesapeake, M.H.C. On September 27, 2018, in accordance with the plan of conversion and reorganization, CBM Bancorp became the parent holding company for the Bank and Banks of the Chesapeake, M.H.C. merged with and into CBM Bancorp, with the Company as the surviving corporation. Upon consummation of the merger, Banks of the Chesapeake, M.H.C. ceased to exist. The conversion and reorganization was accomplished through the sale and issuance of 4,232,000 shares of common stock at a price of $10.00 per share, through which the Company received proceeds of approximately $40.9 million, net of offering expenses of approximately $1.4 million. Approximately 50% of the net proceeds of the offering, or $20.5 million was contributed by the Company to the Bank in return for 100% of the issued and outstanding shares of common stock of the Bank. In connection with the conversion and reorganization, the Bank’s Board of Directors adopted an employee stock ownership plan (the “ESOP”) which subscribed for 8% of the sum of the number of shares, or 338,560 shares of common stock sold in the offering. The plan of conversion and reorganization provided for the establishment of a liquidation account by CBM Bancorp for the benefit of eligible account holders in an amount equal to the value of the net assets of Banks of the Chesapeake, M.H.C. as of the date of the latest statement of financial condition of Banks of the Chesapeake, M.H.C. prior to the consummation of the conversion and reorganization. The plan of conversion and reorganization also provided for the establishment of a parallel liquidation account in the Bank to support the CBM Bancorp liquidation account in the event CBM Bancorp does not have sufficient assets to fund its obligations under the CBM Bancorp liquidation account. In the unlikely event that the Bank were to liquidate after the conversion and reorganization, all claims of creditors, including those of depositors, would be paid first. However, except with respect to the liquidation account to be established in CBM Bancorp, depositors’ claims would be solely for the principal amount of their deposit accounts plus accrued interest. Depositors generally would not have an interest in the value of the assets of the Bank or CBM Bancorp above that amount. Pursuant to the plan of conversion and reorganization, after two years from the date of conversion and reorganization, and upon the written request of the Federal Reserve Board, CBM Bancorp will transfer, or upon the prior written approval of the Federal Reserve Board, CBM Bancorp may transfer, the liquidation account and the depositors’ interests in such account to the Bank, and the liquidation account shall thereupon be subsumed into the liquidation account of the Bank. The Company may not pay a dividend on, or repurchase any of, its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements. In addition, the Company is subject to certain other regulations restricting the payment of dividends on, and the repurchase of, its capital stock. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q S-X 10-K
Nature of Operations	Nature of Operations CBM Bancorp, Inc.’s primary business is the ownership and operation of the Bank, a community-oriented federal stock savings bank regulated by the Office of the Comptroller of the Currency. The Bank’s primary business activity is the acceptance of deposits from the general public and using the proceeds for loan originations and investments. The Bank is subject to competition from other financial institutions. The Bank is subject to the regulations of certain federal agencies and undergoes periodic examinations by the regulatory authorities. The accounting and reporting policies of CBM Bancorp, Inc. and Chesapeake Bank of Maryland conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and to general practices in the banking industry. The more significant policies follow:
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of CBM Bancorp, Inc. and the Bank, its wholly owned subsidiary. Material intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and the valuation of deferred tax assets. In connection with the determination of the allowances for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks, interest-bearing deposits in other banks and federal funds sold. Generally federal funds are sold as overnight investments.
Time Deposits in Other Banks	Time Deposits in Other Banks The Bank uses financial instruments to supplement the investment securities portfolio. Interest income is recognized as earned. Purchase premiums and discounts are recognized as part of interest income using the interest method over the terms of the investments. Realized gains and losses on the sale of time deposits in other banks are included in earnings based on the trade date and are determined using the specific identification method. Time deposits in other banks are not marked to market.
Investment Securities	Investment Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates Securities classified as available for sale are carried at fair value and are those securities that the Bank intends to hold for an indefinite period of time but not necessarily to maturity. Unrealized gains and losses are reported as increases or decreases in other comprehensive income. Realized gains and losses, determined on the basis of the cost of the specific securities sold, are included in earnings on a trade date basis. Premiums and discounts are recognized in interest income using a method which approximates the interest method over the terms of the securities. Declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary, if any, are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock Federal Home Loan Bank of Atlanta (“FHLB”) stock is an equity interest in the FHLB, which does not have a readily determinable fair value for purposes of Generally Accepted Accounting Standards related to Accounting for Certain Investments in Debt and Equity Securities,
Loans Held for Sale	Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value. Fair value is derived from secondary market quotations for similar instruments. Gains and losses on loan sales are recorded in non-interest non-interest The Bank enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e., rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between the issuance of a loan commitment and closing and sale of the loan generally ranges from 30 to 90 days. The Bank protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the investor commits to purchase a loan at a price representing a premium on the day the borrower commits to an interest rate with the intent that they buyer/investor has assumed the interest rate risk on the loan. As a result, the Bank is not generally exposed to losses on loans sold utilizing best efforts, nor will it realize gains related to rate lock commitments due to changes in interest rates. Loans held for sale that are not ultimately sold, but instead are placed into the Bank’s portfolio, are reclassified as loans held for investment and recorded at fair value.
Loans	Loans Loans are generally carried at the amount of unpaid principal, less the allowance for loan losses and adjusted for deferred loan origination fees and costs, which are recognized over the term of the loan as an adjustment to yield using a method that approximates the interest method. Interest on loans is accrued based on the principal amounts outstanding. It is the Bank’s policy to discontinue the accrual of interest when the principal or interest is delinquent for 90 days or more, or if collection of principal and interest in full is in doubt. A loan is considered impaired when, based on current information and events, it is probable that the Bank 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. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The carrying value of impaired loans is based on the present value of the loan’s expected future cash flows or, alternatively, the observable market price of the loan or the fair value of the collateral. Impaired loans also include certain loans that have been modified in a troubled debt restructuring (“TDR”) to make concessions to help a borrower remain current on the loan and/or to avoid foreclosure. These concessions typically result from the Bank’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Generally nonaccrual loans that are modified and are considered TDRs are classified as nonperforming at the time of the restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to earnings. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Bank maintains the allowance at a level believed, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. The evaluation process by portfolio segment includes, among other things, an analysis of delinquency trends, non-performing The establishment of the allowance for loan losses is significantly affected by management’s judgment and uncertainties, and there is likelihood that different amounts would be reported under different conditions or assumptions. The Office of the Comptroller of the Currency as an integral part of its examination process periodically reviews the allowance for loan losses and may require the Bank to make additional provisions for estimated loan losses based upon judgments different from those of management. The Bank’s policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. An asset is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard assets include those assets characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. Assets classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Assets (or portions of assets) classified as loss, are those considered uncollectible and of such little value that their recognition as assets is not justified. Assets that do not expose us to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as special mention. While the Bank utilizes available information to recognize losses on loans, future additions to the allowances for loan losses may be necessary based on changes in economic conditions, particularly in its’ market area primarily in the state of Maryland. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses. Such agencies may require the Bank to recognize additions to the allowance for loan losses based on their judgments about information available to them at the time of their examination. Actual loan losses may be significantly more than the allowance for loan and lease losses the Bank has established, which could have a material negative effect on our consolidated financial statements.
Bank-Owned Life Insurance ("BOLI")	Bank-Owned Life Insurance (“BOLI”) The Bank maintains life insurance policies on certain present and former directors. These policies are split-dollar or director insurance policies. Under the split-dollar insurance policies, the Bank pays the premiums and upon the death of the insured, the Bank will receive an amount equal to the premiums paid on the policy from the policy date to the date of death. Any remaining proceeds will be paid to the beneficiary. If the policy is surrendered before the date of death, the Bank will receive the lesser of the cash surrender value or the sum of the premiums paid on the policy from the policy date to the date of surrender. Under the director insurance policies, the Bank receives the cash surrender value if the policy is surrendered, or receives all benefits payable upon the death of the insured. As of June 30, 2019, and December 31, 2018, $122,627 and $129,775, respectively, was included in other liabilities related to the split-dollar insurance policies.
Premises and Equipment	Premises and Equipment Land is carried at cost. Property and equipment is carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method over estimated useful lives of assets. Amortization of leasehold improvements is recognized on a straight-line basis over the term of the lease or the life of the improvement, whichever is shorter. The cost of maintenance and repairs is charged to expense as incurred whereas improvements are capitalized. The range of estimated useful lives for premises and equipment are as follows: Buildings and land improvements 5 - 50 years Leasehold improvements 10 - 15 years Furniture, fixtures and equipment 3 – 10 years Automobile 5 years
Foreclosed Real Estate	Foreclosed Real Estate Real estate acquired through foreclosure or other means is recorded at the fair value of the related real estate collateral at the transfer date less estimated selling costs. Losses incurred at the time of the acquisition of the property are charged to the allowance for loan losses. Subsequent reductions in the estimated fair value of the property are included in noninterest expense. Costs to maintain foreclosed real estate are expensed as incurred.
Employee Stock Ownership Plan ("ESOP")	Employee Stock Ownership Plan (“ESOP”) Compensation expense is recognized based on the current market price of shares committed to be released to employees. All shares released and committed to be released are deemed outstanding for purposes of earnings per share calculations. Dividends declared and paid on allocated shares held by the ESOP are charged to retained earnings. The value of unearned shares to be allocated to ESOP participants for future services not yet performed is reflected as a reduction of stockholders’ equity. Dividends declared on unallocated shares held by the ESOP are recorded as a reduction of the ESOP’s loan payment to the Company.
Stock-Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards (“RRP”) issued to employees and directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for RRPs. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Income Taxes	Income Taxes The provision for income taxes includes taxes payable for the current year and deferred income taxes. Deferred income taxes are provided for the temporary differences between financial and taxable income. Deferred income taxes and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management it is more likely than not that some portion of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted through earnings for the effects of changes in tax laws and rates on the date of enactment.
Earnings per Common Share	Earnings per Common Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Weighted average shares include allocated ESOP shares but exclude unallocated ESOP shares. Diluted earnings per share includes additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.
Off-Balance Sheet Financial Instruments	Off-Balance In the ordinary course of business, the Bank has entered into off-balance The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for loan commitments is represented by the contractual amount of these instruments. The Bank uses the same credit policies for these instruments as it does for the on-balance
Concentrations of Credit Risk	Concentrations of Credit Risk The Bank had approximately $1,171,000 and approximately $128,000 in deposits in other financial institutions in excess of amounts insured by the FDIC, as of June 30, 2019 and December 31, 2018, respectively. The Bank’s management considers this a normal business risk. The Bank also maintains accounts with brokerage firms containing securities. These balances are insured up to $500,000 by the Securities Investor Protection Corporation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ASU 2016-02, ASU 2016-13, off-balance

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
Significant Accounting Policies (Tables)	Jun. 30, 2019
Schedule of Range of Estimated Useful Lives for Premises and Equipment	The range of estimated useful lives for premises and equipment are as follows: Buildings and land improvements 5 - 50 years Leasehold improvements 10 - 15 years Furniture, fixtures and equipment 3 – 10 years Automobile 5 years

Securities (Tables)

Securities (Tables)	6 Months Ended
Securities (Tables)	Jun. 30, 2019
Amortized Cost and Estimated Fair Value of Securities Classified as Available for Sale and Held to Maturity	The amortized cost and estimated fair value of securities classified as available for sale at June 30, 2019 and December 31, 2018, are as follows: June 30, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale U.S. Government and Federal Agency obligations $ 16,444,956 $ 145,043 $ 17,337 $ 16,572,662 Residential mortgage-backed securities 23,439,645 574,685 3,673 24,010,657 Municipal securities 1,505,317 31,428 — 1,536,745 $ 41,389,918 $ 751,156 $ 21,010 $ 42,120,064 December 31, 2018 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale U.S. Government and Federal Agency obligations $ 18,264,805 $ 45,850 $ 90,583 $ 18,220,072 Residential mortgage-backed securities 17,637,729 111,837 4,580 17,744,986 Municipal securities 1,505,962 — 23,597 1,482,365 $ 37,408,496 $ 157,687 $ 118,760 $ 37,447,423
Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity	The amortized cost and estimated fair value of securities as of June 30, 2019 and December 31, 2018, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2019 Securities Available for Sale Amortized Fair Value Due in one year or less $ 6,995,734 $ 7,015,726 Due after one year through five years 9,468,881 9,571,691 Due five years to ten years 1,485,658 1,521,990 Due after ten years — — Mortgage-backed, in monthly installments 23,439,645 24,010,657 $ 41,389,918 $ 42,120,064 December 31, 2018 Securities Available for Sale Amortized Fair Value Due in one year or less $ 1,000,000 $ 989,119 Due after one year through five years 14,453,375 14,391,553 Due five years to ten years 4,317,392 4,321,765 Due after ten years — — Mortgage-backed, in monthly installments 17,637,729 17,744,986 $ 37,408,496 $ 37,447,423
Securities with Gross Unrealized Losses	Securities with gross unrealized losses at June 30, 2019 and December 31, 2018 aggregated by investment category and length of time that individual securities have been in a continuous loss position are as follows: June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Securities Available for Sale U.S. Government and Federal Agency obligations $ — $ — $ 2,982,663 $ 17,337 $ 2,982,663 $ 17,337 Residential mortgage-backed securities 1,547,600 3,673 — — 1,547,600 3,673 $ 1,547,600 $ 3,673 $ 2,982,663 $ 17,337 $ 4,530,263 $ 21,010 December 31, 2018 Less than 12 Months 12 Months or Greater Total Fair Value Gross Fair Value Gross Fair Value Gross Securities Available for Sale U.S. Government and Federal Agency obligations $ 963,945 $ 63 $ 4,408,553 $ 90,520 $ 5,372,498 $ 90,583 Residential mortgage-backed securities 2,838,108 4,580 — — 2,838,108 4,580 Municipal obligations — — 1,482,365 23,597 1,482,365 23,597 $ 3,802,053 $ 4,643 $ 5,890,918 $ 114,117 $ 9,692,971 $ 118,760

Loans (Tables)

Loans (Tables)	6 Months Ended
Loans (Tables)	Jun. 30, 2019
Summary of Principal Loan Portfolio Segment	The Bank makes loans to customers primarily in the Baltimore Metropolitan Area and its surrounding counties. The principal loan portfolio segment balances at June 30, 2019 and December 31, 2018 were as follows: June 30, 2019 December 31, Real estate loans One-to $ 69,923,494 $ 70,197,875 Home equity loans and lines of credit 7,133,802 7,547,195 Construction and land development 8,762,381 8,232,067 Nonresidential 51,522,997 51,904,782 Total real estate loans 137,342,674 137,881,919 Other loans Commercial 6,884,895 5,250,815 Consumer 504,247 529,283 Total other loans 7,389,142 5,780,098 Total loans 144,731,816 143,662,017 Net deferred loan origination fees (178,339 ) (153,204 ) Allowance for loan losses (1,288,516 ) (1,188,352 ) Total loans, net $ 143,264,961 $ 142,320,461

Credit Quality of Loans and t_2

Credit Quality of Loans and the Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Summary of Allowance for Loan Losses and Loans Receivable by Loan Portfolio Class and Impairment Method	The following tables summarize the activity in the allowance for losses for the three and six months ended June 30, 2019 and 2018 and for the year ended December 31, 2018 and the distribution of the allowance for loan losses and loans receivable by loan portfolio class and impairment method as of June 30, 2019, June 30, 2018 and December 31, 2018. As of June 30, 2019 One –to Four-Family Home Equity Construction and Land Nonresidential Commercial Consumer Unallocated Total Allowance for loans losses: Beginning Balance – April 1, 2019 $ 306,044 $ 61,722 $ 218,995 $ 631,099 $ 29,649 $ 6,300 $ 24,543 $ 1,278,352 Charge-offs (49,836 ) — — — — — — (49,836 ) Recoveries — — — — — — — — Provision 84,429 (1,133 ) (53,061 ) (47,814 ) 25,430 104 52,045 60,000 Ending Balance – June 30, 2019 $ 340,637 $ 60,589 $ 165,934 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,288,516 Beginning Balance – January 1, 2019 $ 244,781 $ 68,837 $ 185,170 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,188,352 Charge-offs (49,836 ) — — — — — — (49,836 ) Recoveries — — — — — — — — Provision 145,692 (8,248 ) (19,236 ) (42,746 ) 26,200 (265 ) 48,603 150,000 Ending Balance – June 30, 2019 $ 340,637 $ 60,589 $ 165,934 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,288,516 Ending balance: individually evaluated for impairment $ 45,744 $ 1,415 $ 6,074 $ — $ — $ — $ — $ 53,233 Ending balance: collectively evaluated for impairment $ 294,893 $ 59,174 $ 159,860 $ 583,285 $ 55,079 $ 6,404 $ 76,588 $ 1,235,283 Loans: Ending balance $ 69,923,494 $ 7,133,802 $ 8,762,381 $ 51,522,997 $ 6,884,895 $ 504,247 $ 144,731,816 Ending balance: individually evaluated for impairment $ 393,864 $ 89,283 $ 848,499 $ 2,092,072 $ — $ — $ 3,423,718 Ending balance: collectively evaluated for impairment $ 69,529,630 $ 7,044,519 $ 7,913,882 $ 49,430,925 $ 6,884,895 $ 504,247 $ 141,308,098 As of June 30, 2018 One –to Four-Family Home Equity Loans and Lines Construction and Land Development Nonresidential Commercial Consumer Unallocated Total Allowance for loans losses: Beginning Balance – April 1, 2018 $ 259,219 $ 74,611 $ 186,406 $ 481,381 $ 26,524 $ 16,183 $ 47,380 $ 1,091,704 Charge-offs (58,000 ) — — — — — — (58,000 ) Recoveries 7,563 — — — — — — 7,563 Provision (6,325 ) (4,283 ) (15,102 ) 109,808 3,613 618 (13,329 ) 75,000 Ending Balance – June 30, 2018 $ 202,457 $ 70,328 $ 171,304 $ 591,189 $ 30,137 $ 16,801 $ 34,051 $ 1,116,267 Beginning Balance – January 1, 2018 $ 238,148 $ 83,129 $ 173,167 $ 446,576 $ 44,199 $ 15,933 $ 37,253 $ 1,038,405 Charge-offs (88,000 ) — — — — — — (88,000 ) Recoveries 7,563 — 8,299 — — — — 15,862 Provision 44,746 (12,801 ) (10,162 ) 144,613 (14,062 ) 868 (3,202 ) 150,000 Ending Balance – June 30, 2018 $ 202,457 $ 70,328 $ 171,304 $ 591,189 $ 30,137 $ 16,801 $ 34,051 $ 1,116,267 Ending balance: individually evaluated for impairment $ — $ 20,162 $ — $ — $ — $ 6,002 $ — $ 26,164 Ending balance: collectively evaluated for impairment $ 202,457 $ 50,166 $ 171,304 $ 591,189 $ 30,137 $ 10,799 $ 34,051 $ 1,090,103 Loans: Ending balance $ 67,766,766 $ 8,784,758 $ 8,222,573 $ 49,572,669 $ 5,479,510 $ 556,852 $ 140,383,128 Ending balance: individually evaluated for impairment $ 549,886 $ 65,785 $ 123,338 $ — $ — $ 6,002 $ 745,011 Ending balance: collectively evaluated for impairment $ 67,216,880 $ 8,718,973 $ 8,099,235 $ 49,572,669 $ 5,479,510 $ 550,850 $ 139,638,117 As of December 31, 2018 One –to Four-Family Home Equity Loans and Lines of Credit Construction and Land Nonresidential Commercial Consumer Unallocated Total Beginning Balance $ 238,148 $ 83,129 $ 173,167 $ 446,576 $ 44,199 $ 15,933 $ 37,253 $ 1,038,405 Charge-offs (88,000 ) (12,013 ) — (335,000 ) — (5,901 ) — (440,914 ) Recoveries 7,562 — 8,299 — — — — 15,861 Provision 87,071 (2,279 ) 3,704 514,455 (15,320 ) (3,363 ) (9,268 ) 575,000 Ending Balance $ 244,781 $ 68,837 $ 185,170 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,188,352 Ending balance: individually evaluated for impairment $ — $ 2,089 $ 6,074 $ — $ — $ — $ — $ 8,163 Ending balance: collectively evaluated for impairment $ 244,781 $ 66,748 $ 179,096 $ 626,031 $ 28,879 $ 6,669 $ 27,985 $ 1,180,189 Loans: Ending balance $ 70,197,875 $ 7,547,195 $ 8,232,067 $ 51,904,782 $ 5,250,815 $ 529,283 $ 143,662,017 Ending balance: individually evaluated for impairment $ 585,047 $ 130,795 $ 86,728 $ 484,223 $ — $ — $ 1,286,793 Ending balance: collectively evaluated for impairment $ 69,612,828 $ 7,416,400 $ 8,145,339 $ 51,420,559 $ 5,250,815 $ 529,283 $ 142,375,224
Summary of Loan Portfolio Quality Indicators by Loan Class Recorded Investment	The following table is a summary of the loan portfolio quality indicators by loan class recorded investment as of June 30, 2019 and December 31, 2018: June 30, 2019 One-to Four-Family Home Equity Loans and Lines of Credit Construction Nonresidential Grade: Pass $ 69,242,780 $ 7,087,722 $ 7,913,882 $ 49,430,925 Special Mention 286,850 — — — Substandard 393,864 46,080 848,499 2,092,072 Doubtful — — — — $ 69,923,494 $ 7,133,802 $ 8,762,381 $ 51,522,997 Commercial Consumer Totals Grade: Pass $ 6,884,895 $ 504,247 $ 141,064,451 Special Mention — — 286,850 Substandard — — 3,380,515 Doubtful — — — $ 6,884,895 $ 504,247 $ 144,731,816 December 31, 2018 One-to Four-Family Home Equity Loans and Lines of Credit Construction Nonresidential Grade: Pass $ 69,499,216 $ 7,462,230 $ 7,351,165 $ 49,781,890 Special Mention 113,612 — 794,174 1,638,669 Substandard 585,047 84,965 86,728 484,223 Doubtful — — — — $ 70,197,875 $ 7,547,195 $ 8,232,067 $ 51,904,782 Commercial Consumer Totals Grade: Pass $ 5,250,815 $ 529,283 $ 139,874,599 Special Mention — — 2,546,455 Substandard — — 1,240,963 Doubtful — — — $ 5,250,815 $ 529,283 $ 143,662,017
Summary of Loan Portfolio Delinquencies	The following table sets forth certain information with respect to our loan portfolio delinquencies by loan class and amount as of June 30, 2019 and December 31, 2018: June 30, 2019 Loans 30-59 Days Loans 60-89 Days Loans 90 or More Days Past Due Total Past Current Loans Total Loans Recorded Nonaccrual Real estate loans: One-to $ 225,916 $ 81,974 $ 156,276 $ 464,166 $ 69,459,328 $ 69,923,494 $ — $ 311,890 Home equity loans and lines of credit — — 46,080 46,080 7,087,722 7,133,802 — 46,080 Construction and land development 546,209 — 86,728 632,937 8,129,444 8,762,381 — 86,728 Nonresidential — — 484,223 484,223 51,038,774 51,522,997 — 484,223 Other loans: Commercial — — — — 6,884,895 6,884,895 — — Consumer 3,000 — — 3,000 501,247 504,247 — — Total loans $ 775,125 $ 81,974 $ 773,307 $ 1,630,406 $ 143,101,410 $ 144,731,816 $ — $ 928,921 December 31, 2018 Loans 30-59 Days Loans 60-89 Days Loans 90 or More Days Past Due Total Past Current Loans Total Loans Recorded Nonaccrual Real estate loans: One-to $ 101,183 $ 158,134 $ 343,651 $ 602,968 $ 69,594,907 $ 70,197,875 $ — $ 585,047 Home equity loans and lines of credit 35,606 — 48,005 83,611 7,463,584 7,547,195 — 84,965 Construction and land development 86,728 — — 86,728 8,145,339 8,232,067 — 86,728 Nonresidential — — 484,223 484,223 51,420,559 51,904,782 — 484,223 Other loans: Commercial — — — — 5,250,815 5,250,815 — — Consumer 233 — — 233 529,050 529,283 — — Total loans $ 223,750 $ 158,134 $ 875,879 $ 1,257,763 $ 142,404,254 $ 143,662,017 $ — $ 1,240,963
Summary of Impaired Loans	The following table is a summary of impaired loans for the three and six months ended June 30, 2019 and 2018 and the year ended and December 31, 2018: Three Months Ended Six Months Ended Impaired Loans at June 30, 2019 June 30, 2019 June 30, 2019 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: One-to four-family $ 225,241 $ 227,030 $ — $ 225,605 $ 1,059 $ 227,511 $ 4,441 Home equity loans and lines of credit 46,080 46,080 — 46,080 668 47,043 1,408 Construction and land development 761,771 761,771 — 776,140 18,803 777,973 27,940 Nonresidential 2,092,072 2,478,956 — 2,099,470 16,537 2,106,982 32,869 With an allowance recorded: One-to four-family $ 168,623 $ 168,878 $ 45,744 $ 169,047 $ 1,253 $ 169,434 $ 3,011 Home equity loans and lines of credit 43,203 43,203 1,415 43,759 — 44,517 1,543 Construction and land development 86,728 86,728 6,074 86,728 — 86,728 — Total One-to four-family $ 393,864 $ 395,908 $ 45,744 $ 394,652 $ 2,312 $ 396,945 $ 7,452 Home equity loans and lines of credit 89,283 89,283 1,415 89,839 668 91,560 2,951 Construction and land development 848,499 848,499 6,074 862,868 18,803 864,701 27,940 Nonresidential 2,092,072 2,478,956 — 2,099,470 16,537 2,106,982 32,869 Three Months Ended Six Months Ended Impaired Loans at June 30, 2018 June 30, 2018 June 30, 2018 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: One-to four-family $ 549,886 $ 607,886 $ — $ 610,003 $ 7,919 $ 612,497 $ 17,260 Construction and land development 123,338 123,338 — 123,338 — 123,338 — With an allowance recorded: Home equity loans and lines of credit $ 65,785 $ 65,785 $ 20,162 $ 66,223 $ 997 $ 67,559 $ 2,226 Consumer 6,002 6,002 6,002 6,027 40 6,140 198 Total One-to four-family $ 549,886 $ 607,886 $ — $ 610,003 $ 7,919 $ 612,497 $ 17,260 Home equity loans and lines of credit 65,785 65,785 20,162 66,223 997 67,559 2,226 Construction and land development 123,338 123,338 — 123,338 — 123,338 — Consumer 6,002 6,002 6,002 6,027 40 6,140 198 December 31, 2018 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: One-to four-family $ 585,047 $ 650,982 $ — $ 622,738 $ 22,214 Home equity loans and lines of credit 84,965 84,965 — 86,032 3,197 Nonresidential 484,223 872,655 — 847,383 26,452 With an allowance recorded: Home equity loans and lines of credit $ 45,830 $ 45,869 $ 2,089 $ 47,459 $ 2,743 Construction and land development 86,728 86,728 6,074 87,542 3,916 Total One-to four-family $ 585,047 $ 650,982 $ — $ 622,738 $ 22,214 Home equity loans and lines of credit 130,795 130,834 2,089 133,491 5,940 Construction and land development 86,728 86,728 6,074 87,542 3,916 Nonresidential 484,223 872,655 — 847,383 26,452
Summary of Troubled Debt Restructuring	A summary of TDRs at June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 Number of Contracts Performing Nonperforming Total One-to — $ — $ — $ — Home equity loans and lines of credit 1 43,203 — 43,203 Construction and land development — — — — Nonresidential — — — — Commercial — — — — Consumer — — — — 1 $ 43,203 $ — $ 43,203 December 31, 2018 Number of Contracts Performing Nonperforming Total One-to 1 $ — $ 120,380 $ 120,380 Home equity loans and lines of credit 1 45,830 — 45,830 Construction and land development — — — — Nonresidential — — — — Commercial — — — — Consumer — — — — 2 $ 45,830 $ 120,380 $ 166,210

Foreclosed Real Estate (Tables)

Foreclosed Real Estate (Tables)	6 Months Ended
Foreclosed Real Estate (Tables)	Jun. 30, 2019
Schedule of Changes in Foreclosed Real Estate	The following table summarizes changes in foreclosed real estate for the six months ended June 30, 2019 and 2018 and for the year ended December 31, 2018, which are measured on a nonrecurring basis using significant unobservable, Level 3, inputs: June 30, December 31, 2019 2018 2018 Balance, beginning of period $ 865,000 $ 865,000 $ 865,000 Transfer to foreclosed real estate — — — Proceeds from sale of foreclosed real estate — — — Gain (loss) on sale of foreclosed real estate — — — Write-down of foreclosed real estate 20,000 — — Balance, end of period $ 845,000 $ 865,000 $ 865,000

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2019
Schedule of Deposits	Deposits are summarized as follows: June 30, December 31, 2019 2018 Noninterest-bearing demand $ 20,968,181 $ 18,111,318 Interest-bearing demand 25,056,330 23,354,687 Money market 10,535,514 11,775,372 Savings 24,146,591 24,881,515 Certificates of deposit 77,069,789 75,627,343 Total deposits $ 157,776,405 $ 153,750,235
Schedule of Certificates of Deposit and Remaining Maturities	At June 30, 2019 certificates of deposit and their remaining maturities were as follows: 2020 $ 29,875,663 2021 18,325,009 2022 14,524,576 2023 8,067,141 2024 6,277,400 $ 77,069,789

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
Stock Based Compensation (Tables)	Jun. 30, 2019
Summary of the Activity in the Company's Restricted Stock	The following table presents a summary of the activity in the Company’s restricted stock for the six months ended June 30, 2019: Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2019 — $ — Granted 161,320 13.40 Vested — — Forfeited — — Nonvested at June 30, 2019 161,320 $ 13.40 Fair value of vested shares $ —
Vesting Schedule of the Nonvested Restricted Stock Awards	The following table outlines the vesting schedule of the nonvested restricted stock awards as of June 30, 2019: Year Ending December 31, Number of Restricted Shares 2019 — 2020 32,264 2021 32,264 2022 32,264 2023 32,264 2024 32,264 161,320
Share Based Payment Award Stock Options Valuation Assumptions	The fair value of options granted to date was determined using the following assumptions as of the grant date. Expected Stock Price Volatility 17.08 % Expected Dividend Yield 0.00 % Expected Term (In Years) 7.0 Risk-Free Rate 2.30 % Fair Value of Options Granted $ 3.35
Schedule Of Share Based Compensation Stock Options Activity	The following tables summarize the Company’s stock option activity and related information for the six months ended June 30, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding at January 1, 2019 — $ — Granted 368,300 13.40 10.00 Vested — — Forfeited — — Outstanding at June 30, 2019 368,300 $ 13.40 10.00 Fair value of vested shares $ —

Stock Repurchases (Tables)

Stock Repurchases (Tables)	6 Months Ended
Stock Repurchases (Tables)	Jun. 30, 2019
Schedule of Share Repurchase Program	The following table sets forth information in connection with repurchases of the Company’s shares of common stock during the period listed. Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Maximum Number of Shares That May Yet Be Purchased Under the Plan May 14 – 31, 2019 2,822 $ 13.69 2,822 166,458 June 1 – 30, 2019 33,135 $ 13.85 35,957 133,323

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
Earnings Per Common Share (Tables)	Jun. 30, 2019
Schedule of Earnings Per Share	Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Net income $ 172,355 $ 444,378 Weighted average common shares outstanding - basic 3,927,296 3,927,296 Weighted average common shares outstanding - dilutive 3,937,971 3,937,971 Earnings per common share, basic and diluted $ 0.04 $ 0.11

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
Regulatory Capital Requirements (Tables)	Jun. 30, 2019
Schedule of Actual and Required Capital Amounts and Ratios of the Bank	The actual and required capital amounts and ratios of the Bank as of June 30, 2019 and December 31, 2018 were as follows (dollars in thousands): Actual Minimum Regulatory Capital Ratios under Basel III To Be Well Capitalized under Basel III Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of June 30, 2019: Common equity tier 1 capital $ 40,628 30.35 % $ 8,700 >6.50 % $ 8,700 >6.50 % Total risk-based capital 41,952 31.34 % 13,385 >10.0 % 13,385 >10.0 % Tier 1 capital (to risk-weighted assets) 40,628 30.35 % 10,708 >8.0 % 10,708 >8.0 % Tier 1 capital (to average assets) 40,628 18.56 % 8,757 >4.0 % 10,947 >5.0 % As of December 31, 2018: Common equity tier 1 capital $ 39,871 29.67 % $ 8,566 >6.375 % $ 8,734 >6.50 % Total risk-based capital 41,094 30.58 % 13,269 >9.875 % 13,437 >10.0 % Tier 1 capital (to risk-weighted assets) 39,871 29.67 % 10,581 >7.875 % 10,749 >8.0 % Tier 1 capital (to average assets) 39,871 18.45 % 8,643 >4.000 % 10,804 >5.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2019
Schedule of Investment Securities Available for Sale	Fair value measurements on a recurring basis Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2019 Securities available for sale: U.S. Government Agency and Federal Obligations $ — $ 16,572,662 $ — $ 16,572,662 Residential mortgage-backed securities 24,010,657 — 24,010,657 Municipal Securities — 1,536,745 — 1,536,745 December 31, 2018 Securities available for sale: U.S. Government Agency and Federal Obligations $ — $ 18,220,072 $ — $ 18,220,072 Residential mortgage-backed securities 17,744,986 — 17,744,986 Municipal Securities — 1,482,365 — 1,482,365
Schedule of Foreclosed Real Estate	The Bank has categorized its foreclosed real estate as Level 3. Level 1 Level 2 Level 3 Total June 30, 2019 Loans held for sale $ — $ — $ — $ — Impaired loans — — 3,370,485 3,370,485 Foreclosed real estate — — 845,000 845,000 December 31, 2018 Loans held for sale $ — $ 211,107 $ — $ 211,107 Impaired loans — — 1,278,630 1,278,630 Foreclosed real estate — — 865,000 865,000
Schedule of Financial Instruments Measured at Fair Value on Non-Recurring Basis	The following table presents quantitative information about Level 3 fair value measurements for selected financial instruments measured at fair value on a non-recurring Fair Value Value Technique(s) Unobservable Inputs Range or Rate June 30, 2019 Impaired loans $ 3,370,485 Appraised value Discount to reflect current market conditions 0.00%-48.96 % Discounted cash flows Discount rates 3.28 % Foreclosed real estate $ 845,000 Appraised value Discount to reflect current market conditions 10.11 % December 31, 2018 Impaired loans $ 1,278,630 Appraised value Discount to reflect current market conditions 0.00%-7.00 % Discounted cash flows Discount rates 4.55 % Foreclosed real estate $ 865,000 Appraised value Discount to reflect current market conditions 27.92 %
Schedule of Estimated Fair Values of the Bank's Financial Instruments	The estimated fair values of the Bank’s financial instruments, whether carried at cost or fair value are as follows: Fair Value Measurements at June 30, 2019 Using Carrying Value Quoted (Level 1) Significant (Level 2) Significant (Level 3) Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents $ 16,575 $ 16,575 $ — $ — $ 16,575 Time deposits in other banks 9,426 — 9,531 — 9,531 Securities available for sale 42,120 — 42,120 — 42,120 Federal Home Loan Bank stock 279 — 279 — 279 Loans held for sale — — — — — Loans, net (1) 143,265 — — 144,974 144,974 Foreclosed real estate 845 — — 845 845 Accrued interest receivable 752 — 752 — 752 Financial liabilities: Deposits 157,776 — 140,749 — 140,749 (1) Carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01, Fair Value Measurements at December 31, 2018 Using Carrying Value Quoted (Level 1) Significant (Level 2) Significant (Level 3) Fair Value (dollars in thousands) Financial assets: Cash and cash equivalents $ 18,847 $ 18,847 $ — $ — $ 18,847 Time deposits in other banks 6,944 — 6,867 — 6,867 Securities available for sale 37,447 — 37,447 — 37,447 Federal Home Loan Bank stock 245 — 245 — 245 Loans held for sale 211 — 211 — 211 Loans, net (1) 142,320 — — 141,563 141,563 Foreclosed real estate 865 — — 865 865 Accrued interest receivable 696 — 696 — 696 Financial liabilities: Deposits 153,750 — 136,090 — 136,090 (1) Carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01,

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($)	Sep. 27, 2018	Jun. 30, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Repurchase par value of common stock, per share		$ 100
Federal Home Loan Bank stock, at cost		$ 279,100	$ 245,200
Loans, number of days in delinquency for interest accrual to discontinue		90 days
Deposits in other financial institutions in excess of amounts insured by the Federal Deposit Insurance Corporation ("FDIC")		$ 1,171,000	128,000
Balances in brokerage firms, insured		$ 500,000
Fixed Rate Residential Mortgage [Member] \| Minimum
Summary Of Significant Accounting Policies [Line Items]
Loan, time period between issuance of loan commitment and closing and sale of the loan		30 days
Fixed Rate Residential Mortgage [Member] \| Maximum
Summary Of Significant Accounting Policies [Line Items]
Loan, time period between issuance of loan commitment and closing and sale of the loan		90 days
CBM Bancorp, Inc. [Member]
Summary Of Significant Accounting Policies [Line Items]
Sale and issuance of common stock	4,232,000
Sale and issuance of common stock, per share	$ 10
Proceeds from sale and issuance of common stock	$ 40,900,000
Offering expenses	1,400,000
Proceeds from offerings	$ 20,500,000
Proceeds from offerings, Percent	50.00%
Percent of issued and outstanding common stock	100.00%
Number of shares sold under ESOP	338,560
Number of shares sold under ESOP, as percentage	8.00%
Other Liabilities
Summary Of Significant Accounting Policies [Line Items]
Bank owned life insurance ("BOLI")		$ 122,627	$ 129,775

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Range of Estimated Useful Lives for Premises and Equipment (Detail)	6 Months Ended
	Jun. 30, 2019
Buildings and land improvements [Member] \| Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	5 years
Buildings and land improvements [Member] \| Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	50 years
Leasehold Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	10 years
Leasehold Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	15 years
Furniture, fixtures and equipment [Member] \| Minimum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	3 years
Furniture, fixtures and equipment [Member] \| Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	10 years
Automobiles \| Maximum
Property, Plant and Equipment [Line Items]
Property Plant And Equipment	5 years

Securities - Amortized Cost and

Securities - Amortized Cost and Estimated Fair Value of Securities Classified as Available for Sale and Held to Maturity (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 41,389,918	$ 37,408,496
Securities Available for Sale, Gross Unrealized Gains	751,156	157,687
Securities Available for Sale, Gross Unrealized Losses	21,010	118,760
Securities Available for Sale, Fair Value	42,120,064	37,447,423
U.S. Government Agency and Federal Obligations
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	16,444,956	18,264,805
Securities Available for Sale, Gross Unrealized Gains	145,043	45,850
Securities Available for Sale, Gross Unrealized Losses	17,337	90,583
Securities Available for Sale, Fair Value	16,572,662	18,220,072
Residential Mortgage-Backed Securities
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	23,439,645	17,637,729
Securities Available for Sale, Gross Unrealized Gains	574,685	111,837
Securities Available for Sale, Gross Unrealized Losses	3,673	4,580
Securities Available for Sale, Fair Value	24,010,657	17,744,986
Municipal Securities
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	1,505,317	1,505,962
Securities Available for Sale, Gross Unrealized Gains	31,428
Securities Available for Sale, Gross Unrealized Losses		23,597
Securities Available for Sale, Fair Value	$ 1,536,745	$ 1,482,365

Securities - Amortized Cost a_2

Securities - Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Due in one year or less, Amortized Cost	$ 6,995,734	$ 1,000,000
Due after one year through five years, Amortized Cost	9,468,881	14,453,375
Due five years to ten years, Amortized Cost	1,485,658	4,317,392
Securities Available for Sale, Amortized Cost	41,389,918	37,408,496
Due in one year or less, Fair Value	7,015,726	989,119
Due after one year through five years, Fair Value	9,571,691	14,391,553
Due five years to ten years, Fair Value	1,521,990	4,321,765
Securities Available for Sale, Fair Value	42,120,064	37,447,423
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Securities Available for Sale, Amortized Cost	23,439,645	17,637,729
Securities Available for Sale, Fair Value	$ 24,010,657	$ 17,744,986

Securities - Securities with Gr

Securities - Securities with Gross Unrealized Losses (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 1,547,600	$ 3,802,053
Gross Unrealized Losses, Less than 12 Months	3,673	4,643
Fair Value, 12 Months or Greater	2,982,663	5,890,918
Gross Unrealized Losses, 12 Months or Greater	17,337	114,117
Securities Available for Sale, Fair Value	4,530,263	9,692,971
Securities Available for Sale, Gross Unrealized Losses	21,010	118,760
U.S. Government and Federal Agency obligations
Marketable Securities [Line Items]
Fair Value, Less than 12 Months		963,945
Gross Unrealized Losses, Less than 12 Months		63
Fair Value, 12 Months or Greater	2,982,663	4,408,553
Gross Unrealized Losses, 12 Months or Greater	17,337	90,520
Securities Available for Sale, Fair Value	2,982,663	5,372,498
Securities Available for Sale, Gross Unrealized Losses	17,337	90,583
Residential Mortgage-Backed Securities
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	1,547,600	2,838,108
Gross Unrealized Losses, Less than 12 Months	3,673	4,580
Securities Available for Sale, Fair Value	1,547,600	2,838,108
Securities Available for Sale, Gross Unrealized Losses	$ 3,673	4,580
Municipal Securities
Marketable Securities [Line Items]
Fair Value, 12 Months or Greater		1,482,365
Gross Unrealized Losses, 12 Months or Greater		23,597
Securities Available for Sale, Fair Value		1,482,365
Securities Available for Sale, Gross Unrealized Losses		$ 23,597

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
Securities - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Transfer of held to maturity securities to available for sale, at fair value	$ 56,276
Gross unrealized losses	21,010	$ 118,760
Securities pledged	0	$ 0
Residential Mortgage-Backed Securities
Marketable Securities [Line Items]
Transfer of held to maturity securities to available for sale, at fair value	$ 2,923,932

Loans - Summary of Principal Lo

Loans - Summary of Principal Loan Portfolio Segment (Detail) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Lease and Investment Commitments [Line Items]
Total loans	$ 144,731,816		$ 143,662,017	$ 140,383,128
Net deferred loan origination fees	(178,339)		(153,204)
Allowance for loan losses	(1,288,516)	$ (1,278,352)	(1,188,352)	$ (1,116,267)	$ (1,091,704)	$ (1,038,405)
Net loans	143,264,961		142,320,461
Real Estate Loan
Lease and Investment Commitments [Line Items]
Total loans	137,342,674		137,881,919
Real Estate Loan \| One-to Four-Family
Lease and Investment Commitments [Line Items]
Total loans	69,923,494		70,197,875
Real Estate Loan \| Home Equity Loans and Lines of Credit
Lease and Investment Commitments [Line Items]
Total loans	7,133,802		7,547,195
Real Estate Loan \| Construction and Land Development
Lease and Investment Commitments [Line Items]
Total loans	8,762,381		8,232,067
Real Estate Loan \| Nonresidential
Lease and Investment Commitments [Line Items]
Total loans	51,522,997		51,904,782
Other Loans
Lease and Investment Commitments [Line Items]
Total loans	7,389,142		5,780,098
Other Loans \| Commercial
Lease and Investment Commitments [Line Items]
Total loans	6,884,895		5,250,815
Other Loans \| Consumer
Lease and Investment Commitments [Line Items]
Total loans	$ 504,247		$ 529,283

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Lease and Investment Commitments [Line Items]
Total loans	$ 144,731,816	$ 143,662,017	$ 140,383,128
Overdraft Consumer Loan
Lease and Investment Commitments [Line Items]
Total loans	$ 1,377	$ 7,824

Credit Quality of Loans and t_3

Credit Quality of Loans and the Allowance for Loan Losses - Summary of Allowance for Loan Losses and Loans Receivable by Loan Portfolio Class and Impairment Method (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	$ 1,278,352	$ 1,091,704	$ 1,188,352	$ 1,038,405	$ 1,038,405
Charge-offs	(49,836)	(58,000)	(49,836)	(88,000)	(440,914)
Recoveries		7,563		15,862	15,861
Provision	60,000	75,000	150,000	150,000	575,000
Ending Balance	1,288,516	1,116,267	1,288,516	1,116,267	1,188,352
Ending balance: individually evaluated for impairment	53,233	26,164	53,233	26,164	8,163
Ending balance: collectively evaluated for impairment	1,235,283	1,090,103	1,235,283	1,090,103	1,180,189
Ending balance	144,731,816	140,383,128	144,731,816	140,383,128	143,662,017
Ending balance: individually evaluated for impairment	3,423,718	745,011	3,423,718	745,011	1,286,793
Ending balance: collectively evaluated for impairment	141,308,098	139,638,117	141,308,098	139,638,117	142,375,224
One-to-Four-Family
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	306,044	259,219	244,781	238,148	238,148
Charge-offs	(49,836)	(58,000)	(49,836)	(88,000)	(88,000)
Recoveries		7,563		7,563	7,562
Provision	84,429	(6,325)	145,692	44,746	87,071
Ending Balance	340,637	202,457	340,637	202,457	244,781
Ending balance: individually evaluated for impairment	45,744		45,744
Ending balance: collectively evaluated for impairment	294,893	202,457	294,893	202,457	244,781
Ending balance	69,923,494	67,766,766	69,923,494	67,766,766	70,197,875
Ending balance: individually evaluated for impairment	393,864	549,886	393,864	549,886	585,047
Ending balance: collectively evaluated for impairment	69,529,630	67,216,880	69,529,630	67,216,880	69,612,828
Home Equity Loans and Lines of Credit
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	61,722	74,611	68,837	83,129	83,129
Charge-offs					(12,013)
Provision	(1,133)	(4,283)	(8,248)	(12,801)	(2,279)
Ending Balance	60,589	70,328	60,589	70,328	68,837
Ending balance: individually evaluated for impairment	1,415	20,162	1,415	20,162	2,089
Ending balance: collectively evaluated for impairment	59,174	50,166	59,174	50,166	66,748
Ending balance	7,133,802	8,784,758	7,133,802	8,784,758	7,547,195
Ending balance: individually evaluated for impairment	89,283	65,785	89,283	65,785	130,795
Ending balance: collectively evaluated for impairment	7,044,519	8,718,973	7,044,519	8,718,973	7,416,400
Construction and Land Development
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	218,995	186,406	185,170	173,167	173,167
Recoveries				8,299	8,299
Provision	(53,061)	(15,102)	(19,236)	(10,162)	3,704
Ending Balance	165,934	171,304	165,934	171,304	185,170
Ending balance: individually evaluated for impairment	6,074		6,074		6,074
Ending balance: collectively evaluated for impairment	159,860	171,304	159,860	171,304	179,096
Ending balance	8,762,381	8,222,573	8,762,381	8,222,573	8,232,067
Ending balance: individually evaluated for impairment	848,499	123,338	848,499	123,338	86,728
Ending balance: collectively evaluated for impairment	7,913,882	8,099,235	7,913,882	8,099,235	8,145,339
Nonresidential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	631,099	481,381	626,031	446,576	446,576
Charge-offs					(335,000)
Provision	(47,814)	109,808	(42,746)	144,613	514,455
Ending Balance	583,285	591,189	583,285	591,189	626,031
Ending balance: collectively evaluated for impairment	583,285	591,189	583,285	591,189	626,031
Ending balance	51,522,997	49,572,669	51,522,997	49,572,669	51,904,782
Ending balance: individually evaluated for impairment	2,092,072		2,092,072		484,223
Ending balance: collectively evaluated for impairment	49,430,925	49,572,669	49,430,925	49,572,669	51,420,559
Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	29,649	26,524	28,879	44,199	44,199
Provision	25,430	3,613	26,200	(14,062)	(15,320)
Ending Balance	55,079	30,137	55,079	30,137	28,879
Ending balance: collectively evaluated for impairment	55,079	30,137	55,079	30,137	28,879
Ending balance	6,884,895	5,479,510	6,884,895	5,479,510	5,250,815
Ending balance: collectively evaluated for impairment	6,884,895	5,479,510	6,884,895	5,479,510	5,250,815
Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	6,300	16,183	6,669	15,933	15,933
Charge-offs					(5,901)
Provision	104	618	(265)	868	(3,363)
Ending Balance	6,404	16,801	6,404	16,801	6,669
Ending balance: individually evaluated for impairment		6,002		6,002
Ending balance: collectively evaluated for impairment	6,404	10,799	6,404	10,799	6,669
Ending balance	504,247	556,852	504,247	556,852	529,283
Ending balance: individually evaluated for impairment		6,002		6,002
Ending balance: collectively evaluated for impairment	504,247	550,850	504,247	550,850	529,283
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	24,543	47,380	27,985	37,253	37,253
Provision	52,045	(13,329)	48,603	(3,202)	(9,268)
Ending Balance	76,588	34,051	76,588	34,051	27,985
Ending balance: collectively evaluated for impairment	$ 76,588	$ 34,051	$ 76,588	$ 34,051	$ 27,985

Credit Quality of Loans and t_4

Credit Quality of Loans and the Allowance for Loan Losses - Summary of Loan Portfolio Quality Indicators by Loan Class Recorded Investment (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 144,731,816	$ 143,662,017	$ 140,383,128
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	141,064,451	139,874,599
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	286,850	2,546,455
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,380,515	1,240,963
One-to-Four-Family
Financing Receivable, Recorded Investment [Line Items]
Total loans	69,923,494	70,197,875	67,766,766
One-to-Four-Family \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	69,242,780	69,499,216
One-to-Four-Family \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	286,850	113,612
One-to-Four-Family \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	393,864	585,047
Home Equity Loans and Lines of Credit
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,133,802	7,547,195	8,784,758
Home Equity Loans and Lines of Credit \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,087,722	7,462,230
Home Equity Loans and Lines of Credit \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	46,080	84,965
Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,762,381	8,232,067	8,222,573
Construction and Land Development \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,913,882	7,351,165
Construction and Land Development \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		794,174
Construction and Land Development \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	848,499	86,728
Nonresidential
Financing Receivable, Recorded Investment [Line Items]
Total loans	51,522,997	51,904,782	49,572,669
Nonresidential \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	49,430,925	49,781,890
Nonresidential \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,638,669
Nonresidential \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,092,072	484,223
Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,884,895	5,250,815	5,479,510
Commercial \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,884,895	5,250,815
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	504,247	529,283	$ 556,852
Consumer \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 504,247	$ 529,283

Credit Quality of Loans and t_5

Credit Quality of Loans and the Allowance for Loan Losses - Summary of Loan Portfolio Delinquencies (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	$ 1,630,406	$ 1,257,763
Current Loans	143,101,410	142,404,254
Total Loans	144,731,816	143,662,017
Nonaccrual Loans	928,921	1,240,963
One-to-Four-Family
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	464,166	602,968
Current Loans	69,459,328	69,594,907
Total Loans	69,923,494	70,197,875
Nonaccrual Loans	311,890	585,047
Home Equity Loans and Lines of Credit
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	46,080	83,611
Current Loans	7,087,722	7,463,584
Total Loans	7,133,802	7,547,195
Nonaccrual Loans	46,080	84,965
Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	632,937	86,728
Current Loans	8,129,444	8,145,339
Total Loans	8,762,381	8,232,067
Nonaccrual Loans	86,728	86,728
Nonresidential
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	484,223	484,223
Current Loans	51,038,774	51,420,559
Total Loans	51,522,997	51,904,782
Nonaccrual Loans	484,223	484,223
Commercial
Financing Receivable, Recorded Investment [Line Items]
Current Loans	6,884,895	5,250,815
Total Loans	6,884,895	5,250,815
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	3,000	233
Current Loans	501,247	529,050
Total Loans	504,247	529,283
Loans 30-59 Days Past Due
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	775,125	223,750
Loans 30-59 Days Past Due \| One-to-Four-Family
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	225,916	101,183
Loans 30-59 Days Past Due \| Home Equity Loans and Lines of Credit
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans		35,606
Loans 30-59 Days Past Due \| Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	546,209	86,728
Loans 30-59 Days Past Due \| Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	3,000	233
Loans 60-89 Days Past Due
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	81,974	158,134
Loans 60-89 Days Past Due \| One-to-Four-Family
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	81,974	158,134
Loans 90 or More Days Past Due
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	773,307	875,879
Loans 90 or More Days Past Due \| One-to-Four-Family
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	156,276	343,651
Loans 90 or More Days Past Due \| Home Equity Loans and Lines of Credit
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	46,080	48,005
Loans 90 or More Days Past Due \| Construction and Land Development
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	86,728
Loans 90 or More Days Past Due \| Nonresidential
Financing Receivable, Recorded Investment [Line Items]
Total Past Due Loans	$ 484,223	$ 484,223

Credit Quality of Loans and t_6

Credit Quality of Loans and the Allowance for Loan Losses - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)LoansTDR	Dec. 31, 2018USD ($)LoansTDR
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans past due and still accruing interest period	90 days	90 days
Number of loans on non accrual of interest status \| Loans	6	10
Financing receivable recorded investment non accrual status, forgone interest \| $	$ 40,505	$ 36,054
Recorded investment 90 days and accruing interest \| Loans	0	0
Number of TDR \| TDR	1	2
Financing receivable modifications recorded investment \| $	$ 43,203	$ 166,210

Credit Quality of Loans and t_7

Credit Quality of Loans and the Allowance for Loan Losses - Summary Of Impaired Loans (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Home Equity Loans and Lines of Credit
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 46,080		$ 46,080		$ 84,965
Unpaid Principal Balance	46,080		46,080		84,965
Average Recorded Investment	46,080		47,043		86,032
Interest Income Recognized	668		1,408		3,197
Recorded Investment	43,203	$ 65,785	43,203	$ 65,785	45,830
Unpaid Principal Balance	43,203	65,785	43,203	65,785	45,869
Related Allowance	1,415	20,162	1,415	20,162	2,089
Average Recorded Investment	43,759	66,223	44,517	67,559	47,459
Interest Income Recognized		997	1,543	2,226	2,743
Recorded Investment	89,283	65,785	89,283	65,785	130,795
Unpaid Principal Balance	89,283	65,785	89,283	65,785	130,834
Related Allowance	1,415	20,162	1,415	20,162	2,089
Average Recorded Investment	89,839	66,223	91,560	67,559	133,491
Interest Income Recognized	668	997	2,951	2,226	5,940
Nonresidential
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,092,072		2,092,072		484,223
Unpaid Principal Balance	2,478,956		2,478,956		872,655
Average Recorded Investment	2,099,470		2,106,982		847,383
Interest Income Recognized	16,537		32,869		26,452
Recorded Investment	2,092,072		2,092,072		484,223
Unpaid Principal Balance	2,478,956		2,478,956		872,655
Average Recorded Investment	2,099,470		2,106,982		847,383
Interest Income Recognized	16,537		32,869		26,452
One-to-Four-Family
Financing Receivable, Impaired [Line Items]
Recorded Investment	225,241	549,886	225,241	549,886	585,047
Unpaid Principal Balance	227,030	607,886	227,030	607,886	650,982
Average Recorded Investment	225,605	610,003	227,511	612,497	622,738
Interest Income Recognized	1,059	7,919	4,441	17,260	22,214
Recorded Investment	168,623		168,623
Unpaid Principal Balance	168,878		168,878
Related Allowance	45,744		45,744
Average Recorded Investment	169,047		169,434
Interest Income Recognized	1,253		3,011
Recorded Investment	393,864	549,886	393,864	549,886	585,047
Unpaid Principal Balance	395,908	607,886	395,908	607,886	650,982
Related Allowance	45,744		45,744
Average Recorded Investment	394,652	610,003	396,945	612,497	622,738
Interest Income Recognized	2,312	7,919	7,452	17,260	22,214
Consumer
Financing Receivable, Impaired [Line Items]
Related Allowance		6,002		6,002
Recorded Investment		6,002		6,002
Unpaid Principal Balance		6,002		6,002
Related Allowance		6,002		6,002
Average Recorded Investment		6,027		6,140
Interest Income Recognized		40		198
Recorded Investment		6,002		6,002
Unpaid Principal Balance		6,002		6,002
Related Allowance		6,002		6,002
Average Recorded Investment		6,027		6,140
Interest Income Recognized		40		198
Construction and Land Development
Financing Receivable, Impaired [Line Items]
Recorded Investment	761,771	123,338	761,771	123,338
Unpaid Principal Balance	761,771	123,338	761,771	123,338
Average Recorded Investment	776,140	123,338	777,973	123,338
Interest Income Recognized	18,803		27,940
Recorded Investment	86,728		86,728		86,728
Unpaid Principal Balance	86,728		86,728		86,728
Related Allowance	6,074		6,074		6,074
Average Recorded Investment	86,728		86,728		87,542
Interest Income Recognized					3,916
Recorded Investment	848,499	123,338	848,499	123,338	86,728
Unpaid Principal Balance	848,499	123,338	848,499	123,338	86,728
Related Allowance	6,074		6,074		6,074
Average Recorded Investment	862,868	$ 123,338	864,701	$ 123,338	87,542
Interest Income Recognized	$ 18,803		$ 27,940		$ 3,916

Credit Quality of Loans and t_8

Credit Quality of Loans and the Allowance for Loan Losses - Summary Of Troubled Debt Restructuring (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)TDR	Dec. 31, 2018USD ($)TDR
Financing Receivable, Modifications [Line Items]
Number of Contracts \| TDR	1	2
Performing	$ 43,203	$ 45,830
Nonperforming		120,380
Total	$ 43,203	$ 166,210
One-to-Four-Family
Financing Receivable, Modifications [Line Items]
Number of Contracts \| TDR		1
Nonperforming		$ 120,380
Total		$ 120,380
Home Equity Loans and Lines of Credit
Financing Receivable, Modifications [Line Items]
Number of Contracts \| TDR	1	1
Performing	$ 43,203	$ 45,830
Total	$ 43,203	$ 45,830

Foreclosed Real Estate - Additi

Foreclosed Real Estate - Additional Information (Detail)	6 Months Ended	12 Months Ended
Foreclosed Real Estate - Additional Information (Detail)	Jun. 30, 2019USD ($)Loans	Dec. 31, 2018USD ($)Loans	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Real Estate [Line Items]
Foreclosed real estate amount \| $	$ 845,000	$ 865,000	$ 865,000	$ 865,000
Residential Real Estate
Real Estate [Line Items]
Number of loans in the process of foreclosure \| Loans	0	2
Number of properties included in foreclosed real estate \| Loans	0	0
Residential First Mortgage
Real Estate [Line Items]
Loan in process of foreclosure \| $		$ 184,228
Non Residential Mortgage Loan
Real Estate [Line Items]
Loan in process of foreclosure \| $		$ 484,223
Number of loans in the process of foreclosure \| Loans		1

Foreclosed Real Estate - Schedu

Foreclosed Real Estate - Schedule of Changes in Foreclosed Real Estate (Detail)	6 Months Ended
	Jun. 30, 2019USD ($)
Real Estate [Line Items]
Balance, beginning of period	$ 865,000
Write-down of foreclosed real estate	20,000
Balance, end of period	$ 845,000

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Deposits [Line Items]
Noninterest-bearing demand	$ 20,968,181	$ 18,111,318
Interest-bearing demand	25,056,330	23,354,687
Money market	10,535,514	11,775,372
Savings	24,146,591	24,881,515
Certificates of deposit	77,069,789	75,627,343
Total deposits	$ 157,776,405	$ 153,750,235

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Deposit accounts, federally insured	$ 250,000
Time deposits with balances of $250,000 or more	10,889,063	$ 11,415,706
Deposit balances	157,776,405	153,750,235
Officers and Directors
Deposit balances	$ 1,009,751	$ 730,168

Deposits - Schedule of Certific

Deposits - Schedule of Certificates of Deposit and Remaining Maturities (Detail)	Jun. 30, 2019USD ($)
Schedule of Maturities of Time Deposits [Line Items]
Certificate of deposit, maturities in year 1	$ 29,875,663
Certificate of deposit, maturities in year 2	18,325,009
Certificate of deposit, maturities in year 3	14,524,576
Certificate of deposit, maturities in year 4	8,067,141
Certificate of deposit, maturities in year 5	6,277,400
Certificate of deposit	$ 77,069,789

Borrowings - Additional informa

Borrowings - Additional information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Federal Home Loan Bank, advances limit as percentage of total assets	25.00%
Federal Home Loan Bank, available amount	$ 54,300,000	$ 54,400,000
Federal home loan bank advances eligible amount to pledge as collateral	52,700,000	50,320,000
Federal Home Loan Bank, advances outstanding	0	0
Line of credit facility, maximum borrowing capacity	2,000,000	2,000,000
Line of credit outstanding	$ 0	$ 0

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Common stock per share	$ 0.01		$ 0.01		$ 0.01
ESOP compensation expense			$ 224,296
ESOP
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock issued during period purchased shares, ESOP			338,560
Common stock per share	$ 10		$ 10
Employee stock ownership plan, loan period description			The Company's initial public offering at $10.00 per share with the proceeds of a ten (10) year loan from the Company.
Employee stock ownership plan, vesting period			3 years
Employee stock ownership plan, vesting percentage			100.00%
ESOP compensation expense	$ 115,534	$ 0	$ 224,296	$ 0
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	304,704		304,704
Employee stock ownership plan (ESOP), number of suspense value	$ 4,204,915		$ 4,204,915

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($)	May 14, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share Based Payment Award Options Granted				368,300
Share Based Payment Award Options Granted Weighted Average Grant Date Fair Value				$ 3.35
2019 Equity Incentive Plan Trust
Number Of Shares Available to Acquired Subject To Vesting Of Restricted Shares	169,280
Number Of Shares Available For Purchase				133,323
Share Based Payments Awards Maximum Grants Percentage Description				The Plan provides that grants to each employee and non-employee director shall not exceed 25% and 5% of the shares available under the Plan, respectively. Shares awarded to non-employee directors in the aggregate shall not exceed 30% of the shares available under the Plan.
Restricted Stock
Share based Payment Award Vesting Rights Percentage	20.00%
Restricted Stock \| 2019 Equity Incentive Plan Trust
Share Based Payment Award Number Of Shares Authorized	169,280
Share Based Payment Award Equity Instruments Other Than Options Granted				161,320
Employee Stock Option
Share Based Compensation Expense		$ 32,451	$ 0	$ 32,451	$ 0
Unrecognized compensation expense related to nonvested shares granted		1,201,354		$ 1,201,354
Compensation Cost Not Yet Recognized Period For Recognition				4 years 10 months 24 days
Share Based Payment Award Options Granted Weighted Average Grant Date Fair Value				$ 13.80
Share Based Payment Award Options Outstanding Intrinsic Value		147,320		$ 147,320
Employee Stock Option \| 2019 Equity Incentive Plan Trust
Share Based Payment Award Number Of Shares Authorized	423,200
Share Based Payment Award Options Granted				368,300
Share based Payment Award Vesting Rights Percentage	20.00%
Restricted Stock Units (RSUs)
Share Based Payment Award Equity Instruments Other Than Options Granted				161,320
Share Based Compensation Expense		56,855	$ 0	$ 56,855	$ 0
Unrecognized compensation expense related to nonvested shares granted		$ 2,104,833		$ 2,104,833
Compensation Cost Not Yet Recognized Period For Recognition				4 years 10 months 24 days

Stock Based Compensation - Summ

Stock Based Compensation - Summary of the Activity in the Company's Restricted Stock (Detail) - Restricted Stock Units (RSUs)	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Nonvested beginning balance, Shares \| shares	0
Granted, Shares \| shares	161,320
Vested, Shares \| shares	0
Forfeited, Shares \| shares	0
Nonvested ending balance, Shares \| shares	161,320
Fair value of vested shares \| $	$ 0
Nonvested beginning balance, Weighted Average Grant Date Fair Value \| $ / shares	$ 0
Granted, Weighted Average Grant Date Fair Value \| $ / shares	13.40
Vested, Weighted Average Grant Date Fair Value \| $ / shares	0
Forfeited, Weighted Average Grant Date Fair Value \| $ / shares	0
Nonvested ending balance, Weighted Average Grant Date Fair Value \| $ / shares	$ 13.40

Stock Based Compensation - Vest

Stock Based Compensation - Vesting Schedule of the Nonvested Restricted Stock Awards (Detail) - Restricted Stock Units (RSUs)	6 Months Ended
	Jun. 30, 2019shares
Nonvested restricted stock awards	0
2019
Nonvested restricted stock awards	0
2020
Nonvested restricted stock awards	32,264
2021
Nonvested restricted stock awards	32,264
2022
Nonvested restricted stock awards	32,264
2023
Nonvested restricted stock awards	32,264
2024
Nonvested restricted stock awards	32,264

Stock Based Compensation - Shar

Stock Based Compensation - Share Based Payment Award Stock Options Valuation Assumptions (Detail)	6 Months Ended
	Jun. 30, 2019$ / shares
Expected Stock Price Volatility	17.08%
Expected Dividend Yield	0.00%
Expected Term (In Years)	7 years
Risk-Free Rate	2.30%
Fair Value of Options Granted	$ 3.35

Stock Based Compensation - Sche

Stock Based Compensation - Schedule Of Share Based Compensation Stock Options Activity (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Granted, Shares	368,300
Outstanding, Shares at Ending	368,300
Granted, Weighted Average Exercise Price	$ 13.40
Outstanding, Weighted Average Exercise Price at Ending	$ 13.40
Oustanding, Weighted Average Remaining Contractual Term	10 years	0 years
Granted, Weighted Average Remaining Contractual Term	10 years

Stock Repurchases - Additional

Stock Repurchases - Additional information (Detail)	May 14, 2019shares
Number of Shares Authorized to Repurchase	169,280

Stock Repurchases - Schedule of

Stock Repurchases - Schedule of Share Repurchase program (Detail) - $ / shares	1 Months Ended
	Jun. 30, 2019	May 31, 2019
Total Number of Shares Purchased	33,135	2,822
Average Price Paid per Share	$ 13.85	$ 13.69
2019 Equity Incentive Plan Trust
Total Number of Shares Purchased	35,957	2,822
Maximum Number of Shares That May Yet Be Purchased Under the Plan	133,323	166,458

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Earnings Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income	$ 172,355	$ 216,611	$ 444,378	$ 472,616
Weighted average common shares outstanding - basic	3,927,296		3,927,296
Weighted average common shares outstanding - dilutive	3,937,971		3,937,971
Earnings per common share, basic and diluted	$ 0.04		$ 0.11

Regulatory Capital Requiremen_3

Regulatory Capital Requirements - Schedule of Actual and Required Capital Amounts and Ratios of the Bank (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital (to risk-weighted assets), actual amount	$ 40,628	$ 39,871
Total risk-based capital (to risk-weighted assets), actual amount	41,952	41,094
Tier 1 capital (to risk-weighted assets), actual amount	40,628	39,871
Tier 1 capital (to average assets), actual amount	$ 40,628	$ 39,871
Common equity tier 1 capital (to risk-weighted assets), actual ratio	30.35%	29.67%
Total risk-based capital (to risk-weighted assets), actual ratio	31.34%	30.58%
Tier 1 capital (to risk-weighted assets), actual ratio	30.35%	29.67%
Tier 1 capital (to average assets), actual ratio	18.56%	18.45%
Common equity tier 1 capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III amount	$ 8,700	$ 8,566
Total risk-based capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III amount	13,385	13,269
Tier 1 capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III amount	10,708	10,581
Tier 1 capital (to average assets), minimum regulatory capital ratios under Basel III amount	$ 8,757	$ 8,643
Common equity tier 1 capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III ratio	6.50%	6.375%
Total risk-based capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III ratio	10.00%	9.875%
Tier 1 capital (to risk-weighted assets), minimum regulatory capital ratios under Basel III ratio	8.00%	7.875%
Tier 1 capital (to average assets), minimum regulatory capital ratios under Basel III ratio	4.00%	4.00%
Common equity tier 1 capital (to risk-weighted assets), to be well capitalized under Basel III	$ 8,700	$ 8,734
Total risk-based capital (to risk-weighted assets), to be well capitalized under Basel III	13,385	13,437
Tier 1 capital (to risk-weighted assets), to be well capitalized under Basel III	10,708	10,749
Tier 1 capital (to average assets), to be well capitalized under Basel III	$ 10,947	$ 10,804
Common equity tier 1 capital (to risk-weighted assets), to be well capitalized under Basel III ratio	6.50%	6.50%
Total risk-based capital (to risk-weighted assets), to be well capitalized under Basel III ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), to be well capitalized under Basel III ratio	8.00%	8.00%
Tier 1 capital (to average assets), to be well capitalized under Basel III ratio	5.00%	5.00%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Investment Securities Available for Sale (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 42,120,064	$ 37,447,423
U.S. Government Agency and Federal Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,572,662	18,220,072
Residential Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	24,010,657	17,744,986
Fair Value Measurements on Recurring Basis \| U.S. Government Agency and Federal Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,572,662	18,220,072
Fair Value Measurements on Recurring Basis \| Residential Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	24,010,657	17,744,986
Fair Value Measurements on Recurring Basis \| Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,536,745	1,482,365
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	42,120,000	37,447,000
Level 2 \| Fair Value Measurements on Recurring Basis \| U.S. Government Agency and Federal Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	16,572,662	18,220,072
Level 2 \| Fair Value Measurements on Recurring Basis \| Residential Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	24,010,657	17,744,986
Level 2 \| Fair Value Measurements on Recurring Basis \| Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 1,536,745	$ 1,482,365

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair value of loan balance	$ 3,423,718	$ 1,286,793	$ 745,011
Written down value of loan balance	53,233	8,163	26,164
Foreclosed real estate	$ 845,000	$ 865,000	$ 865,000	$ 865,000

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Foreclosed Real Estate (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 845,000	$ 865,000	$ 865,000	$ 865,000
Fair Value Measurements on Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale		211,107
Impaired loans	3,370,485	1,278,630
Foreclosed real estate	845,000	865,000
Level 2 \| Fair Value Measurements on Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale		211,107
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	845,000	865,000
Level 3 \| Fair Value Measurements on Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	3,370,485	1,278,630
Foreclosed real estate	$ 845,000	$ 865,000

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Financial Instruments Measured at Fair Value on Non-Recurring Basis (Detail)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed real estate	$ 845,000	$ 865,000	$ 865,000	$ 865,000
Fair Value Measurements on Non-Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	3,370,485	1,278,630
Foreclosed real estate	$ 845,000	$ 865,000
Fair Value Measurements on Non-Recurring Basis \| Measurement Input, Discount Rate \| Appraised Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	10.11	27.92
Fair Value Measurements on Non-Recurring Basis \| Measurement Input, Discount Rate \| Discounted Cash Flows
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	3.28	4.55
Fair Value Measurements on Non-Recurring Basis \| Minimum \| Measurement Input, Discount Rate \| Appraised Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	0	0
Fair Value Measurements on Non-Recurring Basis \| Maximum \| Measurement Input, Discount Rate \| Appraised Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	48.96	7

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Estimated Fair Values of the Bank's Financial Instruments (Detail) - USD ($)		Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Financial assets:
Cash and cash equivalents		$ 16,575,193	$ 18,846,760	$ 18,993,765	$ 12,030,272
Time deposits in other banks		9,425,759	6,944,000
Securities available for sale		42,120,064	37,447,423
Federal Home Loan Bank stock		279,100	245,200
Loans held for sale			211,107
Loans, net		143,264,961	142,320,461
Foreclosed real estate		845,000	865,000	$ 865,000	$ 865,000
Accrued interest receivable		751,881	695,928
Financial liabilities:
Deposits		157,776,405	153,750,235
Level 1
Financial assets:
Cash and cash equivalents		16,575,000	18,847,000
Level 2
Financial assets:
Time deposits in other banks		9,531,000	6,867,000
Securities available for sale		42,120,000	37,447,000
Federal Home Loan Bank stock		279,000	245,000
Loans held for sale			211,000
Accrued interest receivable		752,000	696,000
Financial liabilities:
Deposits		140,749,000	136,090,000
Level 3
Financial assets:
Loans, net	[1]	144,974,000	141,563,000
Foreclosed real estate		845,000	865,000
Carrying Value
Financial assets:
Cash and cash equivalents		16,575,000	18,847,000
Time deposits in other banks		9,426,000	6,944,000
Securities available for sale		42,120,000	37,447,000
Federal Home Loan Bank stock		279,000	245,000
Loans held for sale			211,000
Loans, net	[1]	143,265,000	142,320,000
Foreclosed real estate		845,000	865,000
Accrued interest receivable		752,000	696,000
Financial liabilities:
Deposits		157,776,000	153,750,000
Fair Value
Financial assets:
Cash and cash equivalents		16,575,000	18,847,000
Time deposits in other banks		9,531,000	6,867,000
Securities available for sale		42,120,000	37,447,000
Federal Home Loan Bank stock		279,000	245,000
Loans held for sale			211,000
Loans, net	[1]	144,974,000	141,563,000
Foreclosed real estate		845,000	865,000
Accrued interest receivable		752,000	696,000
Financial liabilities:
Deposits		$ 140,749,000	$ 136,090,000

[1]	Carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans was measured using an exit price notion.