First Seacoast Bancorp (FSEA) 10-Q 26 Jun 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Jun. 26, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	First Seacoast Bancorp
Entity Central Index Key	0001769267
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Trading Symbol	FSEA
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 5,021	$ 5,889
Interest bearing time deposits with other banks	5,468	6,461
Securities available-for-sale, at fair value	42,728	39,443
Federal Home Loan Bank stock	3,807	3,718
Loans	327,063	321,422
Less allowance for loan losses	2,806	2,806
Net loans	324,257	318,616
Land, building and equipment, net	5,480	5,581
Bank-owned life insurance	4,185	4,156
Accrued interest receivable	1,289	1,164
Other assets	2,454	2,086
Total assets	394,689	387,114
Deposits:
Non-interest bearing deposits	40,190	42,262
Interest bearing deposits	233,206	232,184
Total deposits	273,396	274,446
Advances from Federal Home Loan Bank	81,642	75,737
Mortgagors' tax escrow	2,021	761
Deferred compensation liability	1,474	1,547
Other liabilities	2,708	1,896
Total liabilities	361,241	354,387
Equity capital:
Equity capital	33,370	33,192
Accumulated other comprehensive income (loss)	78	(465)
Total equity capital	33,448	32,727
Total liabilities and equity capital	$ 394,689	$ 387,114

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and dividend income:
Interest and fees on loans	$ 3,378	$ 3,106
Interest on debt securities:
Taxable	212	173
Non-taxable	115	57
Total interest on debt securities	327	230
Dividends	61	47
Total interest and dividend income	3,766	3,383
Interest expense:
Interest on deposits	514	350
Interest on Federal Home Loan Bank advances	515	278
Total interest expense	1,029	628
Net interest and dividend income	2,737	2,755
Provision for loan losses		40
Net interest income after provision for loan losses	2,737	2,715
Noninterest income:
Customer service fees	219	236
Gain on sale of loans	11	15
Securities losses, net	(8)
Income from bank-owned life insurance	29	29
Loan servicing fee (loss) income	(5)	70
Investment services fee	44	37
Other income	13	13
Total noninterest income	303	400
Noninterest expense:
Salaries and employee benefits	1,752	1,641
Director compensation	80	53
Occupancy expense	171	182
Equipment expense	132	137
Marketing	82	125
Data processing	219	258
Deposit insurance	55	57
Professional fees and assessments	130	134
Debit card fees	35	29
Employee travel and education expenses	51	57
Other expense	151	165
Total noninterest expense	2,858	2,838
Income before provision for income taxes	182	277
Provision for income taxes	4	55
Net income	$ 178	$ 222

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 178	$ 222
Other comprehensive income (loss), net of income taxes:
Unrealized holding gains (losses) on securities available-for-sale arising during the period net of income taxes of $194 and $(151) in periods ended March 31, 2019 and 2018, respectively	518	(402)
Reclassification adjustment for gains and losses and net amortization or accretion on securities available-for-sale included in net income net of income taxes of $9 and $8 in periods ended March 31, 2019 and 2018, respectively	25	20
Other comprehensive income (loss)	543	(382)
Comprehensive income (loss)	$ 721	$ (160)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unrealized holding gains (losses) on securities available-for-sale arising during the period net of income taxes	$ 194	$ (151)
Reclassification adjustment for gains and losses and net amortization or accretion on securities available-for-sale included in net income net of income taxes	$ 9	$ 8

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY CAPITAL - USD ($) $ in Thousands	Total	Equity Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2017	$ 31,898	$ 32,112	$ (214)
Net income	222	222
Other comprehensive income (loss)	(382)		(382)
Ending Balance at Mar. 31, 2018	31,738	32,334	(596)
Beginning Balance at Dec. 31, 2018	32,727	33,192	(465)
Net income	178	178
Other comprehensive income (loss)	543		543
Ending Balance at Mar. 31, 2019	$ 33,448	$ 33,370	$ 78

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 178	$ 222
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Depreciation	132	137
Net amortization of bond premium	26	28
Provision for loan losses		40
Gain on sale of loans	(11)	(15)
Securities losses, net	8
Proceeds from loans held for sale	879	1,142
Origination of loans held for sale	(868)	(1,127)
Increase in bank-owned life insurance	(29)	(29)
Increase in deferred fees on loans	(4)	(15)
Deferred tax benefit	(52)	(48)
Increase in accrued interest receivable	(125)	(21)
Increase in other assets	(519)	(228)
Decrease in deferred compensation liability	(73)	(25)
Increase (decrease) in other liabilities	812	(1,307)
Net cash provided (used) by operating activities	354	(1,246)
Cash flows from investing activities:
Proceeds from sales and maturities of securities available-for-sale	1,480	9
Purchase of securities available-for-sale	(4,044)	(4,522)
Purchase of property and equipment	(31)	(30)
Loan originations and principal collections, net	(5,637)	(5,774)
Purchase of Federal Home Loan Bank stock	(89)	(36)
Proceeds from sales of interest bearing time deposits with other banks	984
Purchase of interest bearing time deposits with other banks		(498)
Net cash used by investing activities	(7,337)	(10,851)
Cash flows from financing activities:
Net (decrease) increase in NOW, demand deposits, money market and savings accounts	(2,317)	8,215
Net (decrease) increase in certificates of deposit	1,267	(493)
Increase in mortgagors' escrow accounts	1,260	1,689
Proceeds from short-term FHLB advances	81,642	57,735
Payments on short-term FHLB advances	(75,737)	(51,500)
Decrease in repurchase agreements		(5,417)
Net cash provided by financing activities	6,115	10,229
Net change in cash and cash equivalents	(868)	(1,868)
Cash and cash equivalents at beginning of period	5,889	5,650
Cash and cash equivalents at end of period	5,021	3,782
Cash activities:
Cash paid for interest	1,040	645
Cash paid for income taxes
Effect of change in fair value of investments available for sale:
Investment securities available-for-sale	746	(525)
Deferred taxes	(203)	143
Other comprehensive income (loss)	$ 543	$ (382)

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of Federal Savings Bank and Subsidiary (the “Bank”) were prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim consolidated financial information, general practices within the banking industry and with instructions for Form 10-Q and Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotes required by GAAP for annual financial statements. However, in the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of these consolidated financial statements have been included. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results which may be expected for the entire year. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 and 2017, included in the definitive prospectus dated May 14, 2019 (the “Prospectus”), of First Seacoast Bancorp (the “Company”) as filed with the U.S. Securities and Exchange Commission (“SEC”) on May 23, 2019 relating to the Company’s initial public offering. The accompanying consolidated financial statements include the accounts of the Bank and its wholly-owned subsidiary, FSB Service Corporation, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. On February 28, 2019, the Bank’s Board of Directors adopted a Plan of Reorganization from Mutual Savings Bank to Mutual Holding Company and Stock Issuance Plan (the “Plan of Reorganization”). The Plan of Reorganization is subject to the approval of the Board of Governors of the Federal Reserve System and must be approved by the affirmative vote of at least a majority of the total votes eligible to be cast by the voting members of the Bank at a special meeting. Pursuant to the Plan of Reorganization, the Bank proposes to reorganize into the mutual holding company form of ownership. The Bank will convert to a stock savings bank and issue all of its outstanding stock to a new holding company, which will be named First Seacoast Bancorp. Pursuant to the Plan of Reorganization, the new holding company will sell common stock to the public, with the total offering value and number of shares of common stock determined based upon an independent appraiser’s valuation. The common stock will be priced at $10.00 per share. In addition, the Bank’s Board of Directors will adopt an employee stock ownership plan (“ESOP”), which will subscribe for up to 3.92% of the common stock of the new holding company to be outstanding upon the completion of the reorganization and stock issuance. The new holding company will be organized as a corporation under the laws of the United States and will offer 44% of its common stock to be outstanding for sale to the Bank’s eligible members, the ESOP, and certain other persons. In addition, the new holding company will issue a number of shares of common stock equal to 1% of the to-be-outstanding shares of common stock, and cash, to a newly formed charitable foundation. First Seacoast Bancorp, MHC will be organized as a mutual holding company under the laws of the United States and will own 55% of the common stock of the new holding company to be outstanding upon completion of the reorganization and stock issuance and the contribution to the charitable foundation. The costs of the reorganization and common stock issuance will be deferred and deducted from the sales proceeds of the offering. If the transaction is unsuccessful, all deferred costs will be charged to operations. Accounting Standards Adopted in 2019 As an “emerging growth company,” as defined in Title 1 of Jumpstart Our Business Startups (JOBS) Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, following the completion of the transactions contemplated by the Plan of Reorganization, the Company’s consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of March 31, 2019, there is no significant difference in the comparability of the Bank’s consolidated financial statements as a result of this extended transition period. The Company’s status as an “emerging growth company” will end on the earlier of: (i) the last day of the fiscal year of the company during which it had total annual gross revenues of $1.0 billion or more; (ii) the last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the company pursuant to an effective registration statement under the Securities Act of 1933; (iii) the date on which the issuer has, during the previous three-year period, issued more than $1.0 billion in non-convertible debt; or (iv) the date on which the issuer is deemed to be a “large accelerated filer” under Securities and Exchange Commission regulations (generally, at least $700 million of voting and non-voting equity held by non-affiliates). In May 2014, the Financial Accounting Standards Board (“FASB”) issued amendments to Accounting Standards Codification (“ASC”) section 606, “ Revenue from Contracts with Customers , ” “ Revenue from Contracts with Customers . ” “ Revenue from Contracts with Customers (Topic 606) . ” The Bank adopted this ASU as of January 1, 2019 utilizing the modified retrospective approach with no cumulative effect adjustment to opening equity capital deemed to be necessary. Our revenue is comprised of net interest income on financial assets and financial liabilities, which is explicitly excluded from the scope of ASU 2014-09, and non-interest income. This ASU did not materially impact the Bank’s consolidated financial statements. The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, letters of credit, investment securities, as well as revenue related to our mortgage servicing activities. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of non-interest income, are as follows: • Customer service fees—these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer, debit card transaction or ATM withdrawal). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. • Investment service fees—these represent fees for investment advisory services which are generally based on the market values of assets under management. Assets under management totaled approximately $ 41.8 39.1 In January 2016 the FASB issued ASU 2016-01, “ Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ” 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; however, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. 2. Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments of this ASU were adopted on January 1, 2019 and did not materially impact the Bank’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash.” In March 2017, the FASB issued ASU 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842).” Codification Improvements to Topic 842, Leases,” Leases (Topic 842) – Targeted Improvements,” In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” “Financial Instruments—Credit Losses, Topic 326.” In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.” In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20).”

Securities Available-for-Sale

Securities Available-for-Sale	3 Months Ended
	Mar. 31, 2019
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale	2. Securities Available-for-Sale The amortized cost and fair value of securities available-for-sale, and the corresponding amounts of gross unrealized gains and losses, are as follows as of March 31, 2019 (unaudited) and December 31, 2018 (in thousands): March 31,2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government-sponsored enterprises obligations $ 23,724 $ 36 $ (185 ) $ 23,575 Residential mortgage backed securities 1,366 — (27 ) 1,339 Municipal bonds 17,532 298 (16 ) 17,814 $ 42,622 $ 334 $ (228 ) $ 42,728 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government-sponsored enterprises obligations $ 24,219 $ 8 $ (500 ) $ 23,727 Residential mortgage backed securities 1,374 — (47 ) 1,327 Municipal bonds 14,490 39 (140 ) 14,389 $ 40,083 $ 47 $ (687 ) $ 39,443 The amortized cost and fair values of available-for-sale securities at March 31, 2019 (unaudited) by contractual maturity are shown below (in thousands). Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value March 31, 2019 Due after one year through five years $ 11,263 $ 11,136 Due after five years through ten years 14,450 14,451 Due after ten years 15,543 15,802 Total U.S. Government-sponsored enterprises obligations and municipal bonds 41,256 41,389 Mortgage-backed securities 1,366 1,339 $ 42,622 $ 42,728 The following is a summary of gross unrealized losses and fair value for those investments with unrealized losses, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2019 (unaudited) and December 31, 2018 (dollars in thousands): Less than 12 Months More than 12 Months Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 U.S. Government -sponsored enterprises obligation — $ — $ — 13 $ 15,070 $ (185 ) $ 15,070 $ (185 ) Residential mortgage backed securities — — — 1 1,339 (27 ) 1,339 (27 ) Municipal bonds 1 507 (1 ) 9 2,210 (15 ) 2,717 (16 ) 1 $ 507 $ (1 ) 23 $ 18,619 $ (227 ) $ 19,126 $ (228 ) December 31, 2018 U.S. Government -sponsored enterprises obligation 4 $ 4,937 $ (32 ) 15 $ 16,781 $ (468 ) $ 21,718 $ (500 ) Residential mortgage backed securities 1 1,327 (47 ) — — — 1,327 (47 ) Municipal bonds 13 6,014 (63 ) 9 4,051 (77 ) 10,065 (140 ) 18 $ 12,278 $ (142 ) 24 $ 20,832 $ (545 ) $ 33,110 $ (687 ) In evaluating whether the investments have suffered an other-than-temporary decline, management evaluated the amount of the decline compared to cost, the length of time and extent to which fair value has been less than cost, the underlying creditworthiness of the issuer, the fair values exhibited during the year and estimated future fair values. In general, management concluded the declines are due to coupon rates compared to market rates and current economic conditions. The Bank does not intend to sell investments with unrealized losses and it is more likely than not that the Bank will not be required to sell these investments before recovery of their amortized cost basis. Based on evaluations of the underlying issuers’ financial condition, current trends and economic conditions, management does not believe any securities suffered an other-than-temporary decline in value as of March 31, 2019 Gross realized gains were $4 and $-0- and gross realized losses were $12 and $-0- for the three months ended March 31, 2019 and 2018 Proceeds related to the above gains and losses totaled $1,480 and $9 for the three months ended March 31, 2019 and 2018 As of March 31, 2019 (unaudited) or December 31, 2018, there were no holdings that were issued by a single state or political subdivision which comprised more than 10% of the total fair value of the Bank’s available-for-sale securities.

Loans

Loans	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans	3. Loans The Bank’s lending activities are primarily conducted in and around Dover, New Hampshire, and in the areas surrounding its branches. The Bank grants commercial real estate loans, multifamily 5+ dwelling unit loans, commercial and industrial loans, acquisition, development and land loans, 1–4 family residential loans, home equity line of credit loans and consumer loans. Most loans granted by the Bank are collateralized by real estate. The ability and willingness of real estate, commercial and construction loan borrowers to honor their repayment commitments is generally dependent on the health of the real estate sector in the borrowers’ geographic area and the general economy. Loans consisted of the following at March 31, 2019 (unaudited) and December 31, 2018 (in thousands): March 31, 2019 December, 2018 Commercial real estate (CRE) $ 64,636 $ 63,853 Multifamily (MF) 4,504 4,928 Commercial and industrial (C+I) 23,071 21,990 Acquisition, development, and land (ADL) 16,478 15,580 1-4 family residential (RES) 205,685 201,759 Home equity line of credit (HELOC) 10,565 11,151 Consumer (CON) 1,254 1,295 Total loans 326,193 320,556 Net deferred loan costs 870 866 Allowance for loan losses (2,806 ) (2,806 ) Total loans, net $ 324,257 $ 318,616 Transactions in the allowance for loan losses (“ALL”) for the three months ended March 31, 2019 and 2018 (unaudited) by portfolio segment are summarized as follows (in thousands): CRE MF C+I ADL RES HELOC CON Unallocated Total Balance, December 31, 2017 $ 367 $ 30 $ 169 $ 303 $ 1,629 $ 70 $ 11 $ 224 $ 2,803 Provision for loan losses 8 (1 ) (20 ) 24 153 3 1 (128 ) 40 Charge-offs — — — — — — — — — Recoveries — — — — — — 1 — 1 Balance, March 31, 2018 375 29 149 327 1,782 73 13 96 2,844 Balance, December 31, 2018 559 22 232 88 1,593 69 7 236 2,806 Provision for loan losses 84 (1 ) (12 ) 55 (8 ) (18 ) (2 ) (98 ) — Charge-offs — — — — — — — — — Recoveries — — — — — — — — — Balance, March 31, 2019 $ 643 $ 21 $ 220 $ 143 $ 1,585 $ 51 $ 5 $ 138 $ 2,806 As of March 31, 2019 (unaudited) and December 31, 2018, information about loans and the ALL by portfolio segment are summarized below (in thousands): CRE MF C+I ADL RES HELOC CON Unallocated Total March 31, 2019 Loan Balances Individually evaluated for impairment $ 115 $ — $ 1,219 $ — $ 316 $ — $ — $ — $ 1,650 Collectively evaluated for impairment 64,521 4,504 21,852 16,478 205,369 10,565 1,254 — 324,543 Total $ 64,636 $ 4,504 $ 23,071 $ 16,478 $ 205,685 $ 10,565 $ 1,254 $ — $ 326,193 ALL related to the loans Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 643 21 220 143 1,585 51 5 138 2,806 Total $ 643 $ 21 $ 220 $ 143 $ 1,585 $ 51 $ 5 $ 138 $ 2,806 December 31, 2018 Loan Balances Individually evaluated for impairment $ 244 $ — $ 1,267 $ — $ 68 $ — $ — $ — $ 1,579 Collectively evaluated for impairment 63,609 4,928 20,723 15,580 201,691 11,151 1,295 — 318,977 Total $ 63,853 $ 4,928 $ 21,990 $ 15,580 $ 201,759 $ 11,151 $ 1,295 $ — $ 320,556 ALL related to the loans Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 559 22 232 88 1,593 69 7 236 2,806 Total $ 559 $ 22 $ 232 $ 88 $ 1,593 $ 69 $ 7 $ 236 $ 2,806 The following is an aged analysis of past due loans by portfolio segment as of March 31, 2019 (unaudited) (in thousands): 30-59 Days 60-89 Days 90 + Days Total Past Due Current Total Loans Non-Accrual Loans CRE $ — $ — $ — $ — $ 64,636 $ 64,636 $ — MF — — — — 4,504 4,504 — C+I — — — — 23,071 23,071 — ADL 450 — — 450 16,028 16,478 — RES 21 — 316 337 205,348 205,685 316 HELOC — — — — 10,565 10,565 — CON — — — — 1,254 1,254 — $ 471 $ — $ 316 $ 787 $ 325,406 $ 326,193 $ 316 The following is an aged analysis of past due loans by portfolio segment as of December 31, 2018 (in thousands): 30-59 Days 60-89 Days 90 + Days Total Past Due Current Total Loans Non-Accrual Loans CRE $ 93 $ — $ — $ 93 $ 63,760 $ 63,853 $ — MF — — — — 4,928 4,928 — C+I — — — — 21,990 21,990 — ADL — — — — 15,580 15,580 — RES 256 — 68 324 201,435 201,759 68 HELOC 99 — — 99 11,052 11,151 — CON — — — — 1,295 1,295 — $ 448 $ — $ 68 $ 516 $ 320,040 $ 320,556 $ 68 There were no loans collateralized by residential real estate property in the process of foreclosure at March 31, 2019 (unaudited) and December 31, 2018. The following table provides information on impaired loans as of March 31, 2019 (unaudited) and December 31, 2018 (in thousands): Recorded Carrying Value Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 2019 With no related allowance recorded: CRE $ — $ — $ — $ — $ — MF — — — — — C+I — — — — — ADL — — — — — RES 316 316 — 367 6 HELOC — — — — — CON — — — — — Total impaired loans $ 316 $ 316 $ — $ 367 $ 6 December 31, 2018 With no related allowance recorded: CRE $ — $ — $ — $ 112 $ — MF — — — — — C+I — — — — — ADL — — — 470 — RES 68 68 — 34 3 HELOC — — — — — CON — — — — — Total impaired loans $ 68 $ 68 $ — $ 616 $ 3 Credit Quality Information The Bank utilizes a ten-grade internal loan rating system for its commercial real estate, multifamily, commercial and industrial and acquisition, development and land loans. Residential real estate, home equity line of credit and consumer loans are considered “pass” rated loans until they become delinquent. Once delinquent, loans can be rated an 8, 9 or 10 as applicable. Loans rated 1 through 6: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 7: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 8: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Bank will sustain some loss if the weakness is not corrected. Loans rated 9: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 10: Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted and should be charged off. On an annual basis, or more often if needed, the Bank formally reviews the ratings on its commercial and industrial, commercial real estate, and multifamily loans. On a periodic basis, the Bank engages an independent third party to review a significant portion of loans within these segments and to assess the credit risk management practices of its commercial lending department. Management uses the results of these reviews as part of its annual review process and overall credit risk administration. On a quarterly basis, the Bank formally reviews the ratings on its applicable residential real estate and home equity loans if they have become classified as non-accrual. Criteria used to determine ratings consist of loan-to-value ratios and days delinquent. The following presents the internal risk rating of loans by portfolio segment as of March 31, 2019 (unaudited) (in thousands): Pass Special Mention Substandard Total CRE $ 63,793 $ 728 $ 115 $ 64,636 MF 4,504 — — 4,504 C+I 21,815 37 1,219 23,071 ADL 16,478 — — 16,478 RES 205,369 — 316 205,685 HELOC 10,565 — — 10,565 CON 1,254 — — 1,254 Total $ 323,778 $ 765 $ 1,650 $ 326,193 The following presents the internal risk rating of loans by portfolio segment as of December 31, 2018 (in thousands): Pass Special Mention Substandard Total CRE $ 62,873 $ 736 $ 244 $ 63,853 MF 4,928 — — 4,928 C+I 20,700 23 1,267 21,990 ADL 15,580 — — 15,580 RES 201,435 256 68 201,759 HELOC 11,151 — — 11,151 CON 1,295 — — 1,295 Total $ 317,962 $ 1,015 $ 1,579 $ 320,556 Certain directors and executive officers of the Bank and companies in which they have significant ownership interests were customers of the Bank. Loans outstanding at March 31, 2019 (unaudited) and December 31, 2018 were $5,292 and $5,458, respectively (in thousands).

Loan Servicing

Loan Servicing	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
Loan Servicing	4. Loan Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of such loans were $49.1 million and $49.2 million at March 31, 2019 (unaudited) and December 31, 2018, respectively. Substantially all of these loans were originated by the Bank and sold to third parties on a non-recourse basis with servicing rights retained. These retained servicing rights are recorded as a servicing asset and are initially recorded at fair value (see Note The Bank’s mortgage servicing activities include collecting principal, interest, and escrow payments from borrowers; making tax and insurance payments on behalf of borrowers; monitoring delinquencies and executing foreclosure proceedings; and accounting for and remitting principal and interest payments to investors. Loan servicing fee income (loss), including late and ancillary fees, was $(5) and $70 The following summarizes activity in mortgage servicing rights for the three months ended March 31, 2019 and 2018 (unaudited) (in thousands): March 31, 2019 March 31, 2018 Balance, beginning of period $ 479 $ 473 Change in fair value due to change in assumptions (35 ) 38 Balance, end of period $ 444 $ 511 Fair value at March 31, 2019 (unaudited) was determined using a discount rate of 9.50%, prepayment speed of 8.58% and a weighted average default rate of 3.00%. Fair value at 9.50%, prepayment speed of 9.90% and a weighted average default rate of 3.13%. Mortgage servicing rights are included in other assets on the accompanying consolidated balance sheets.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2019
Deposits [Abstract]
Deposits	5. Deposits Deposits consisted of the following at March 31,2019 (unaudited) and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 NOW and demand deposits $ 107,270 $ 109,580 Money market deposits 61,375 60,952 Regular and other savings deposits 40,864 41,294 Time deposits of $250,000 and greater 14,280 13,325 Time deposits less than $250,000 49,607 49,295 $ 273,396 $ 274,446 At March 31, 2019 (unaudited), the scheduled maturities of time deposits were as follows (in thousands): 2019 $ 29,065 2020 26,666 2021 4,951 2022 2,789 2023 416 $ 63,887 There were no brokered deposits included in time deposits at March 31, 2019 (unaudited) and December 31, 2018.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Borrowings	6. Borrowings Federal Home Loan Bank (FHLB ) A summary of borrowings from the FHLB are as follows (dollars in thousands): March 31, 2019 (unaudited) Principal Amounts Maturity Dates Interest Rates $ 79,380 2019 2.62% to 2.69 % – fixed 2,262 2022 0.00% to 0.00% – fixed $ 81,642 December 31, 2018 Principal Amounts Maturity Dates Interest Rates $ 73,475 2019 2.54% to 2.68% – fixed 2,262 2022 0.00% to 0.00% – fixed $ 75,737 All borrowings from the FHLB are secured by a blanket security agreement on qualified collateral, principally residential mortgage loans and certain U.S. government sponsored mortgage-backed securities in an aggregate amount equal to outstanding advances. The Bank’s unused remaining available borrowing capacity at the FHLB was approximately $62.5 million and $72.1 million at March 31, 2019 (unaudited) and December 31, 2018, respectively. At March 31, 2019 (unaudited) and December 31, 2018, the Bank had sufficient collateral at the FHLB to support its obligations and was in compliance with the FHLB’s collateral pledging program. The Bank has an overnight line of credit with the FHLB that may be drawn up to $3.0 million. Additionally, the Bank has a total of $5.0 million of unsecured Fed Funds borrowing lines of credit with two correspondent banks. The entire balance of all these credit facilities was available at March 31, 2019 (unaudited).

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Employee Benefits	7. Employee Benefits 401(k) Plan During the year ended December 31, 2018, the Bank sponsored two 401(k) defined contribution plans for substantially all employees pursuant to which employees of the Bank could elect to make contributions to the plans subject to Internal Revenue Service limits. The Bank also made matching and profit-sharing contributions to eligible participants in accordance with the plans’ provisions. As of December 31, 2018, these plans were combined into one defined contribution plan. The Bank’s contributions for the three months ended March 31, 2019 and 2018 (unaudited) were $34 and $32 Pension Plan The Bank participates in the Pentegra Defined Benefit Plan for Financial Institutions (The Pentegra DB Plan), a tax-qualified defined benefit pension plan. The Pentegra DB Plan’s Employer Identification Number is 13-5645888 and the Plan Number is 333. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 The funded status (fair value of plan assets divided by funding target) as of July 1, 2018 is as follows: 2018 Valuation Report 91.32 % (1) (1) Fair value of plan assets reflects any contributions received through June 30, 2018. Based upon the funded status of the Pentegra DB Plan as of July 1, 2018, no funding improvement plan or rehabilitation plan has been implemented or is pending as of March 31, 2019 (unaudited). Total pension plan expense for the three months ended March 31, 2019 and 2018 (unaudited) was $87 and $102 The Bank enacted a “hard freeze” for the Pentegra DB Plan as of December 31, 2018, eliminating all future service-related accruals for participants. Prior to this enactment the Bank maintained a “soft freeze” status that continued service-related accruals for its active participants with no new participants permitted into the Pentegra DB Plan. The Bank estimates a contribution amount of approximately $346 Supplemental Executive Retirement Plans Salary Continuation Plan The Bank maintains a nonqualified supplemental retirement plan for its current and former President. The plan provides supplemental retirement benefits payable in installments over a period of years upon retirement or death. The recorded liability at March 31, 2019 (unaudited) and December 31, 2018 relating to this supplemental retirement plan was $527 and $565 was 5.00%. The projected rate of salary increase for its current President was 5% was $23 and $35 (in thousands), respectively. The Bank maintained a nonqualified supplemental retirement plan for its former President. The plan was terminated in May 2018 with the balance paid out in full upon the former President’s retirement. The recorded liability at March 31, 2019 (unaudited) and December 31, 2018 relating to this supplemental retirement plan was $-0-. For the three months ended March 31, 2019 and 2018 (unaudited), the expense of this salary retirement plan was $-0- and $15 Executive Supplemental Retirement Plan The recorded liability at March 31, 2019 (unaudited) and December 31, 2018 relating to the supplemental retirement plan for the Bank’s former President was $207 (in thousands). The discount rate used to determine the Bank’s obligation was 6.25% at March 31, 2019 (unaudited) and December 31, 2018. Endorsement Method Split Dollar Plan The Bank has an endorsement method split dollar plan for a former President/Director. The recorded liability at March 31, 2019 (unaudited) and December 31, 2018 relating to this supplemental executive benefit agreement was $52 and $58 $(6) and $(5) (in thousands), respectively. Deferred Directors Supplemental Retirement Plan The Bank has a supplemental retirement plan for eligible directors that provides for monthly benefits based upon years of service to the Bank, subject to certain limitations as set forth in the agreements. The present value of these future payments is being accrued over the estimated period of service. The estimated liability at March 31, 2019 (unaudited) and December 31, 2018 relating to this plan was $533 and $562 The discount rate used to determine the Bank’s obligation was 6.25% at March 31, 2019 (unaudited) and December 31, 2018. Total supplemental retirement plan expense amounted to $32 and $14 Additionally, the Bank has a deferred director’s fee plan which allows members of the board of directors to defer the receipt of fees that otherwise would be paid to them. At March 31, 2019 (unaudited) and December 31, 2018, the total deferred director’s fees amounted to $154 (in

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Disclosure of Other Comprehensive Income Loss [Abstract]
Other Comprehensive Income (Loss)	8. Other Comprehensive Income (Loss) The Bank reports certain items as “other comprehensive income (loss)” and reflects total comprehensive income in the consolidated financial statements for all periods containing elements of other comprehensive income (loss). A summary of the reclassification adjustments out of accumulated other comprehensive (loss) income for the three months ended March 31, 2019 and 2018 (unaudited) are as follows (in thousands): Reclassification Adjustment March 31, March 31, Affected Line Item Losses on securities available for sale $ 8 $ — Securities losses, net Tax effect (2 ) — Provision for income taxes $ 6 $ — Net income Net amortization of premium on securities $ 26 $ 28 Interest and dividends on investments Tax effect (7 ) (8 ) Provision for income taxes $ 19 $ 20 Net income

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2019
Disclosure of Regulatory Matters [Abstract]
Regulatory Matters	9. Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below). Management believes that, as of March 31, 2019 (unaudited) and December 31, 2018, the Bank met all capital adequacy requirements to which it is subject, including the capital conservation buffer, at those dates. As fully phased in on January 1, 2019, the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“Basel III Capital Rules”) require the Bank to maintain (i) a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (effectively resulting in a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 7.0%), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the capital conservation buffer (effectively resulting in a minimum Tier 1 capital ratio of 8.5%), (iii) a minimum ratio of Total capital (that is, Tier 1 plus Tier 2) to risk-weighted assets of at least 8.0%, plus the capital conservation buffer (effectively resulting in a minimum total capital ratio of 10.5%) and (iv) a minimum leverage ratio of 4.0%, calculated as the ratio of Tier 1 capital to average quarterly assets. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets below the effective minimum will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The following table presents actual and required capital ratios as of March , (unaudited) and December , for the Bank under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of March , (unaudited) and December , based on the phase-in provisions of the Basel III Capital Rules and the minimum required capital levels as of January , when the Basel III Capital Rules have been fully phased-in. Minimum Capital Minimum Capital Required For Capital Adequacy Plus Capital Conservation Buffer Actual Requirement Fully Phased-In Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of March 31, 2019 Total Capital (to risk- weighted assets) $ 36,218 14.33 % $ 20,219 8.0 % $ 26,538 10.5 % Tier I Capital (to risk- weighted assets) 33,371 13.20 15,169 6.0 21,489 8.5 Tier I Capital (to average assets) 33,371 8.55 15,612 4.0 15,612 4.0 Common Equity Tier 1 (to risk-weighted assets) 33,371 13.20 11,376 4.5 17,697 7.0 Minimum Capital Minimum To Be Well Capitalized Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2018 Total Capital (to risk-weighted assets) $ 36,044 14.41 % $ 20,011 8.0 % $ 25,012 10.0 % Tier I Capital (to risk-weighted assets) 33,192 13.27 15,008 6.0 20,009 8.0 Tier I Capital (to average assets) 33,192 8.68 15,296 4.0 19,118 5.0 Common Equity Tier 1 (to risk-weighted assets) 33,192 13.27 11,256 4.5 16,258 6.5 Minimum Capital Required For Capital Adequacy Plus Capital Conservation Buffer Minimum Capital Required For Capital Adequacy Plus Capital Basel III Phase-In Conservation Buffer Actual Schedule Fully Phased-In Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2018 Total Capital (to risk- weighted assets) $ 36,044 14.41 % $ 24,701 9.875 % $ 26,264 10.5 % Tier I Capital (to risk- weighted assets) 33,192 13.27 19,698 7.875 21,261 8.5 Tier I Capital (to average assets) 33,192 8.68 15,296 4.000 15,296 4.0 Common Equity Tier 1 (to risk-weighted assets) 33,192 13.27 15,946 6.375 17,509 7.0

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Disclosure of Fair Values of Assets and Liabilities [Abstract]
Fair Values of Assets and Liabilities	10. Fair Values of Assets and Liabilities Determination of Fair Value The fair value of an asset or liability is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Bank uses prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from one level to another. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Bank’s various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value of cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The Bank groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability and reliability of the assumptions used to determine fair value. Level 1 - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 - Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Level 3 inputs are unobservable inputs for the asset or liability. For assets and liabilities, fair value is based upon the lowest level of observable input that is significant to the fair value measurement. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon models that primarily use, as inputs, observable market-based parameters. The Bank’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Bank’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein. A more detailed description of the valuation methodologies used for assets and liabilities measured at fair value is set forth below. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Bank’s financial assets and financial liabilities carried at fair value for March 31, 2019 (unaudited) and December 31, 2018. There were no significant transfers between levels of the fair value hierarchy during the three months ended March 31, 2019 and 2018 (unaudited). Financial Assets and Financial Liabilities: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities Available-for-Sale : The Bank’s investment in U.S. Government-sponsored entities bonds, mortgage-backed securities and other municipal bonds is generally classified within Level 2 of the fair value hierarchy. For these securities, the Bank obtains fair value measurements from independent pricing services. The fair value measurements consider observable data that may include reported trades, dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions. Mortgage Servicing Rights : Fair value is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model utilizes interest rate, prepayment speed, and default rate assumptions that market participants would use in estimating future net servicing income and that can be validated against available market data (see Note 4, Loan Servicing, for more information). The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2019 (unaudited) and December 31, 2018, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Total Level 1 Level 2 Level 3 March 31, 2019 Mortgage servicing rights $ 444 $ — $ — $ 444 Securities available-for-sale: U.S. Government-sponsored enterprises obligations 23,575 — 23,575 — Mortgage-backed securities 1,339 — 1,339 — Municipal bonds 17,814 — 17,814 — $ 43,172 $ — $ 42,728 $ 444 Total Level 1 Level 2 Level 3 December 31, 2018 Mortgage servicing rights $ 479 $ — $ — $ 479 Securities available-for-sale: U.S. Government-sponsored enterprises obligations 23,727 — 23,727 — Mortgage-backed securities 1,327 — 1,327 — Municipal bonds 14,389 — 14,389 — $ 39,922 $ — $ 39,443 $ 479 See Note 4, Loan Servicing, for a rollforward of our Level 3 item and related inputs and assumptions used to determine fair value at March 31, 2019 (unaudited). Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial assets measured at fair value on a non-recurring basis during the reported periods may include certain impaired loans reported at the fair value of the underlying collateral. Fair value is measured using appraised values of collateral and adjusted as necessary by management based on unobservable inputs for specific properties. However, the choice of observable data is subject to significant judgment, and there are often adjustments based on judgment in order to make observable data comparable and to consider the impact of time, the condition of properties, interest rates, and other market factors on current values. Additionally, commercial real estate appraisals frequently involve discounting of projected cash flows, which relies inherently on unobservable data. Therefore, real estate collateral related nonrecurring fair value measurement adjustments have generally been classified as Level 3. Estimates of fair value used for other collateral supporting commercial loans generally are based on assumptions not observable in the marketplace and therefore such valuations have been classified as Level 3. Financial assets measured at fair value on a non-recurring basis during the reported periods also include loans held for sale. Residential mortgage loans held for sale are recorded at the lower of cost or fair value and are therefore measured at fair value on a non-recurring basis. The fair values for loans held for sale are estimated There were no impaired loans that were remeasured and reported at fair value through either a charge off or a specific valuation allowance based upon the fair value of the underlying collateral or loans held for sale at March 31, 2019 (unaudited) and December 31, 2018. Non-Financial Assets and Non-Financial Liabilities: The Bank has no non-financial assets or non-financial liabilities measured at fair value on a recurring basis. Non-financial assets measured at fair value on a non-recurring basis generally include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for loan losses and certain foreclosed assets which, subsequent to their initial recognition, are remeasured at fair value through a write-down included in other non-interest expense. There were no foreclosed assets at March 31, 2019 (unaudited) and December 31, 2018. ASC Topic 825, “Financial Instruments,” Summary of Fair Values of Financial Instruments not Carried at Fair Value The estimated fair values, and related carrying or notional amounts, of the Bank’s financial instruments at March 31, 2019 (unaudited) and December 31, 2018 are as follows: Carrying Amount Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2019 Financial Assets: Cash and due from banks $ 5,021 $ 5,021 $ 5,021 $ — $ — Interest-bearing time deposits with other banks 5,468 5,468 — 5,468 — Federal Home Loan Bank stock 3,807 3,807 — 3,807 — Bank-owned life insurance 4,185 4,185 — 4,185 — Loans, net 324,257 314,116 — — 314,116 Accrued interest receivable 1,289 1,289 1,289 — — Financial Liabilities: Deposits $ 273,396 $ 273,018 $ 209,509 $ 63,509 $ — Advances from Federal Home Loan Bank 81,642 81,485 — 81,485 — Mortgagors’ tax escrow 2,021 2,021 — 2,021 — December 31, 2018 Financial Assets: Cash and due from banks $ 5,889 $ 5,889 $ 5,889 $ — $ — Interest-bearing time deposits with other banks 6,461 6,461 — 6,461 — Federal Home Loan Bank stock 3,718 3,718 — 3,718 — Bank-owned life insurance 4,156 4,156 — 4,156 — Loans, net 318,616 307,582 — — 307,582 Accrued interest receivable 1,164 1,164 1,164 — — Financial Liabilities: Deposits $ 274,446 $ 258,446 $ 196,481 $ 61,965 $ — Advances from Federal Home Loan Bank 75,737 75,541 — 75,541 — Mortgagors’ tax escrow 761 761 — 761 —

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of Federal Savings Bank and Subsidiary (the “Bank”) were prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim consolidated financial information, general practices within the banking industry and with instructions for Form 10-Q and Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotes required by GAAP for annual financial statements. However, in the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of these consolidated financial statements have been included. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results which may be expected for the entire year. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2018 and 2017, included in the definitive prospectus dated May 14, 2019 (the “Prospectus”), of First Seacoast Bancorp (the “Company”) as filed with the U.S. Securities and Exchange Commission (“SEC”) on May 23, 2019 relating to the Company’s initial public offering. The accompanying consolidated financial statements include the accounts of the Bank and its wholly-owned subsidiary, FSB Service Corporation, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. On February 28, 2019, the Bank’s Board of Directors adopted a Plan of Reorganization from Mutual Savings Bank to Mutual Holding Company and Stock Issuance Plan (the “Plan of Reorganization”). The Plan of Reorganization is subject to the approval of the Board of Governors of the Federal Reserve System and must be approved by the affirmative vote of at least a majority of the total votes eligible to be cast by the voting members of the Bank at a special meeting. Pursuant to the Plan of Reorganization, the Bank proposes to reorganize into the mutual holding company form of ownership. The Bank will convert to a stock savings bank and issue all of its outstanding stock to a new holding company, which will be named First Seacoast Bancorp. Pursuant to the Plan of Reorganization, the new holding company will sell common stock to the public, with the total offering value and number of shares of common stock determined based upon an independent appraiser’s valuation. The common stock will be priced at $10.00 per share. In addition, the Bank’s Board of Directors will adopt an employee stock ownership plan (“ESOP”), which will subscribe for up to 3.92% of the common stock of the new holding company to be outstanding upon the completion of the reorganization and stock issuance. The new holding company will be organized as a corporation under the laws of the United States and will offer 44% of its common stock to be outstanding for sale to the Bank’s eligible members, the ESOP, and certain other persons. In addition, the new holding company will issue a number of shares of common stock equal to 1% of the to-be-outstanding shares of common stock, and cash, to a newly formed charitable foundation. First Seacoast Bancorp, MHC will be organized as a mutual holding company under the laws of the United States and will own 55% of the common stock of the new holding company to be outstanding upon completion of the reorganization and stock issuance and the contribution to the charitable foundation. The costs of the reorganization and common stock issuance will be deferred and deducted from the sales proceeds of the offering. If the transaction is unsuccessful, all deferred costs will be charged to operations.
Accounting Standards Adopted in 2019	Accounting Standards Adopted in 2019 As an “emerging growth company,” as defined in Title 1 of Jumpstart Our Business Startups (JOBS) Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, following the completion of the transactions contemplated by the Plan of Reorganization, the Company’s consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of March 31, 2019, there is no significant difference in the comparability of the Bank’s consolidated financial statements as a result of this extended transition period. The Company’s status as an “emerging growth company” will end on the earlier of: (i) the last day of the fiscal year of the company during which it had total annual gross revenues of $1.0 billion or more; (ii) the last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the company pursuant to an effective registration statement under the Securities Act of 1933; (iii) the date on which the issuer has, during the previous three-year period, issued more than $1.0 billion in non-convertible debt; or (iv) the date on which the issuer is deemed to be a “large accelerated filer” under Securities and Exchange Commission regulations (generally, at least $700 million of voting and non-voting equity held by non-affiliates). In May 2014, the Financial Accounting Standards Board (“FASB”) issued amendments to Accounting Standards Codification (“ASC”) section 606, “ Revenue from Contracts with Customers , ” “ Revenue from Contracts with Customers . ” “ Revenue from Contracts with Customers (Topic 606) . ” The Bank adopted this ASU as of January 1, 2019 utilizing the modified retrospective approach with no cumulative effect adjustment to opening equity capital deemed to be necessary. Our revenue is comprised of net interest income on financial assets and financial liabilities, which is explicitly excluded from the scope of ASU 2014-09, and non-interest income. This ASU did not materially impact the Bank’s consolidated financial statements. The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, letters of credit, investment securities, as well as revenue related to our mortgage servicing activities. Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of non-interest income, are as follows: • Customer service fees—these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer, debit card transaction or ATM withdrawal). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. • Investment service fees—these represent fees for investment advisory services which are generally based on the market values of assets under management. Assets under management totaled approximately $ 41.8 39.1 In January 2016 the FASB issued ASU 2016-01, “ Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ” 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; however, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. 2. Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments of this ASU were adopted on January 1, 2019 and did not materially impact the Bank’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash.” In March 2017, the FASB issued ASU 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.”
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842).” Codification Improvements to Topic 842, Leases,” Leases (Topic 842) – Targeted Improvements,” In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” “Financial Instruments—Credit Losses, Topic 326.” In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.” In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20).”

Securities Available-for-Sale (

Securities Available-for-Sale (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Securities, Available-for-sale [Abstract]
Schedule of amortized cost and fair value of securities available-for-sale (Detail)	The amortized cost and fair value of securities available-for-sale, and the corresponding amounts of gross unrealized gains and losses, are as follows as of March 31, 2019 (unaudited) and December 31, 2018 (in thousands): March 31,2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government-sponsored enterprises obligations $ 23,724 $ 36 $ (185 ) $ 23,575 Residential mortgage backed securities 1,366 — (27 ) 1,339 Municipal bonds 17,532 298 (16 ) 17,814 $ 42,622 $ 334 $ (228 ) $ 42,728 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government-sponsored enterprises obligations $ 24,219 $ 8 $ (500 ) $ 23,727 Residential mortgage backed securities 1,374 — (47 ) 1,327 Municipal bonds 14,490 39 (140 ) 14,389 $ 40,083 $ 47 $ (687 ) $ 39,443
Schedule of amortized cost and fair values of available-for-sale securities by contractual maturity	The amortized cost and fair values of available-for-sale securities at March 31, 2019 (unaudited) by contractual maturity are shown below (in thousands). Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value March 31, 2019 Due after one year through five years $ 11,263 $ 11,136 Due after five years through ten years 14,450 14,451 Due after ten years 15,543 15,802 Total U.S. Government-sponsored enterprises obligations and municipal bonds 41,256 41,389 Mortgage-backed securities 1,366 1,339 $ 42,622 $ 42,728
Summary of gross unrealized losses and fair value for those investments with unrealized losses	The following is a summary of gross unrealized losses and fair value for those investments with unrealized losses, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2019 (unaudited) and December 31, 2018 (dollars in thousands): Less than 12 Months More than 12 Months Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 U.S. Government -sponsored enterprises obligation — $ — $ — 13 $ 15,070 $ (185 ) $ 15,070 $ (185 ) Residential mortgage backed securities — — — 1 1,339 (27 ) 1,339 (27 ) Municipal bonds 1 507 (1 ) 9 2,210 (15 ) 2,717 (16 ) 1 $ 507 $ (1 ) 23 $ 18,619 $ (227 ) $ 19,126 $ (228 ) December 31, 2018 U.S. Government -sponsored enterprises obligation 4 $ 4,937 $ (32 ) 15 $ 16,781 $ (468 ) $ 21,718 $ (500 ) Residential mortgage backed securities 1 1,327 (47 ) — — — 1,327 (47 ) Municipal bonds 13 6,014 (63 ) 9 4,051 (77 ) 10,065 (140 ) 18 $ 12,278 $ (142 ) 24 $ 20,832 $ (545 ) $ 33,110 $ (687 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans consisted of the following at March 31, 2019 (unaudited) and December 31, 2018 (in thousands): March 31, 2019 December, 2018 Commercial real estate (CRE) $ 64,636 $ 63,853 Multifamily (MF) 4,504 4,928 Commercial and industrial (C+I) 23,071 21,990 Acquisition, development, and land (ADL) 16,478 15,580 1-4 family residential (RES) 205,685 201,759 Home equity line of credit (HELOC) 10,565 11,151 Consumer (CON) 1,254 1,295 Total loans 326,193 320,556 Net deferred loan costs 870 866 Allowance for loan losses (2,806 ) (2,806 ) Total loans, net $ 324,257 $ 318,616
Schedule Of Allowance For Loans And Leases Receivable Classification	Transactions in the allowance for loan losses (“ALL”) for the three months ended March 31, 2019 and 2018 (unaudited) by portfolio segment are summarized as follows (in thousands): CRE MF C+I ADL RES HELOC CON Unallocated Total Balance, December 31, 2017 $ 367 $ 30 $ 169 $ 303 $ 1,629 $ 70 $ 11 $ 224 $ 2,803 Provision for loan losses 8 (1 ) (20 ) 24 153 3 1 (128 ) 40 Charge-offs — — — — — — — — — Recoveries — — — — — — 1 — 1 Balance, March 31, 2018 375 29 149 327 1,782 73 13 96 2,844 Balance, December 31, 2018 559 22 232 88 1,593 69 7 236 2,806 Provision for loan losses 84 (1 ) (12 ) 55 (8 ) (18 ) (2 ) (98 ) — Charge-offs — — — — — — — — — Recoveries — — — — — — — — — Balance, March 31, 2019 $ 643 $ 21 $ 220 $ 143 $ 1,585 $ 51 $ 5 $ 138 $ 2,806 As of March 31, 2019 (unaudited) and December 31, 2018, information about loans and the ALL by portfolio segment are summarized below (in thousands): CRE MF C+I ADL RES HELOC CON Unallocated Total March 31, 2019 Loan Balances Individually evaluated for impairment $ 115 $ — $ 1,219 $ — $ 316 $ — $ — $ — $ 1,650 Collectively evaluated for impairment 64,521 4,504 21,852 16,478 205,369 10,565 1,254 — 324,543 Total $ 64,636 $ 4,504 $ 23,071 $ 16,478 $ 205,685 $ 10,565 $ 1,254 $ — $ 326,193 ALL related to the loans Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 643 21 220 143 1,585 51 5 138 2,806 Total $ 643 $ 21 $ 220 $ 143 $ 1,585 $ 51 $ 5 $ 138 $ 2,806 December 31, 2018 Loan Balances Individually evaluated for impairment $ 244 $ — $ 1,267 $ — $ 68 $ — $ — $ — $ 1,579 Collectively evaluated for impairment 63,609 4,928 20,723 15,580 201,691 11,151 1,295 — 318,977 Total $ 63,853 $ 4,928 $ 21,990 $ 15,580 $ 201,759 $ 11,151 $ 1,295 $ — $ 320,556 ALL related to the loans Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 559 22 232 88 1,593 69 7 236 2,806 Total $ 559 $ 22 $ 232 $ 88 $ 1,593 $ 69 $ 7 $ 236 $ 2,806
Past Due Financing Receivables	The following is an aged analysis of past due loans by portfolio segment as of March 31, 2019 (unaudited) (in thousands): 30-59 Days 60-89 Days 90 + Days Total Past Due Current Total Loans Non-Accrual Loans CRE $ — $ — $ — $ — $ 64,636 $ 64,636 $ — MF — — — — 4,504 4,504 — C+I — — — — 23,071 23,071 — ADL 450 — — 450 16,028 16,478 — RES 21 — 316 337 205,348 205,685 316 HELOC — — — — 10,565 10,565 — CON — — — — 1,254 1,254 — $ 471 $ — $ 316 $ 787 $ 325,406 $ 326,193 $ 316 The following is an aged analysis of past due loans by portfolio segment as of December 31, 2018 (in thousands): 30-59 Days 60-89 Days 90 + Days Total Past Due Current Total Loans Non-Accrual Loans CRE $ 93 $ — $ — $ 93 $ 63,760 $ 63,853 $ — MF — — — — 4,928 4,928 — C+I — — — — 21,990 21,990 — ADL — — — — 15,580 15,580 — RES 256 — 68 324 201,435 201,759 68 HELOC 99 — — 99 11,052 11,151 — CON — — — — 1,295 1,295 — $ 448 $ — $ 68 $ 516 $ 320,040 $ 320,556 $ 68
Impaired Financing Receivables	The following table provides information on impaired loans as of March 31, 2019 (unaudited) and December 31, 2018 (in thousands): Recorded Carrying Value Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 2019 With no related allowance recorded: CRE $ — $ — $ — $ — $ — MF — — — — — C+I — — — — — ADL — — — — — RES 316 316 — 367 6 HELOC — — — — — CON — — — — — Total impaired loans $ 316 $ 316 $ — $ 367 $ 6 December 31, 2018 With no related allowance recorded: CRE $ — $ — $ — $ 112 $ — MF — — — — — C+I — — — — — ADL — — — 470 — RES 68 68 — 34 3 HELOC — — — — — CON — — — — — Total impaired loans $ 68 $ 68 $ — $ 616 $ 3
Financing Receivble Credit Quality Indicators	The following presents the internal risk rating of loans by portfolio segment as of March 31, 2019 (unaudited) (in thousands): Pass Special Mention Substandard Total CRE $ 63,793 $ 728 $ 115 $ 64,636 MF 4,504 — — 4,504 C+I 21,815 37 1,219 23,071 ADL 16,478 — — 16,478 RES 205,369 — 316 205,685 HELOC 10,565 — — 10,565 CON 1,254 — — 1,254 Total $ 323,778 $ 765 $ 1,650 $ 326,193 The following presents the internal risk rating of loans by portfolio segment as of December 31, 2018 (in thousands): Pass Special Mention Substandard Total CRE $ 62,873 $ 736 $ 244 $ 63,853 MF 4,928 — — 4,928 C+I 20,700 23 1,267 21,990 ADL 15,580 — — 15,580 RES 201,435 256 68 201,759 HELOC 11,151 — — 11,151 CON 1,295 — — 1,295 Total $ 317,962 $ 1,015 $ 1,579 $ 320,556

Loan Servicing (Tables)

Loan Servicing (Tables)	3 Months Ended
	Mar. 31, 2019
Transfers and Servicing [Abstract]
Schedule of Servicing Assets at Fair Value	The following summarizes activity in mortgage servicing rights for the three months ended March 31, 2019 and 2018 (unaudited) (in thousands): March 31, 2019 March 31, 2018 Balance, beginning of period $ 479 $ 473 Change in fair value due to change in assumptions (35 ) 38 Balance, end of period $ 444 $ 511

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2019
Deposits [Abstract]
Deposit Liabilities	Deposits consisted of the following at March 31,2019 (unaudited) and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 NOW and demand deposits $ 107,270 $ 109,580 Money market deposits 61,375 60,952 Regular and other savings deposits 40,864 41,294 Time deposits of $250,000 and greater 14,280 13,325 Time deposits less than $250,000 49,607 49,295 $ 273,396 $ 274,446
Maturities of Time Deposits	At March 31, 2019 (unaudited), the scheduled maturities of time deposits were as follows (in thousands): 2019 $ 29,065 2020 26,666 2021 4,951 2022 2,789 2023 416 $ 63,887

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank	A summary of borrowings from the FHLB are as follows (dollars in thousands): March 31, 2019 (unaudited) Principal Amounts Maturity Dates Interest Rates $ 79,380 2019 2.62% to 2.69 % – fixed 2,262 2022 0.00% to 0.00% – fixed $ 81,642 December 31, 2018 Principal Amounts Maturity Dates Interest Rates $ 73,475 2019 2.54% to 2.68% – fixed 2,262 2022 0.00% to 0.00% – fixed $ 75,737

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Schedule of Funded Status Valuation Report Percentage	The funded status (fair value of plan assets divided by funding target) as of July 1, 2018 is as follows: 2018 Valuation Report 91.32 % (1)

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Other Comprehensive Income Loss [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	A summary of the reclassification adjustments out of accumulated other comprehensive (loss) income for the three months ended March 31, 2019 and 2018 (unaudited) are as follows (in thousands): Reclassification Adjustment March 31, March 31, Affected Line Item Losses on securities available for sale $ 8 $ — Securities losses, net Tax effect (2 ) — Provision for income taxes $ 6 $ — Net income Net amortization of premium on securities $ 26 $ 28 Interest and dividends on investments Tax effect (7 ) (8 ) Provision for income taxes $ 19 $ 20 Net income

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Regulatory Matters [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Minimum Capital Minimum Capital Required For Capital Adequacy Plus Capital Conservation Buffer Actual Requirement Fully Phased-In Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of March 31, 2019 Total Capital (to risk- weighted assets) $ 36,218 14.33 % $ 20,219 8.0 % $ 26,538 10.5 % Tier I Capital (to risk- weighted assets) 33,371 13.20 15,169 6.0 21,489 8.5 Tier I Capital (to average assets) 33,371 8.55 15,612 4.0 15,612 4.0 Common Equity Tier 1 (to risk-weighted assets) 33,371 13.20 11,376 4.5 17,697 7.0 Minimum Capital Minimum To Be Well Capitalized Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2018 Total Capital (to risk-weighted assets) $ 36,044 14.41 % $ 20,011 8.0 % $ 25,012 10.0 % Tier I Capital (to risk-weighted assets) 33,192 13.27 15,008 6.0 20,009 8.0 Tier I Capital (to average assets) 33,192 8.68 15,296 4.0 19,118 5.0 Common Equity Tier 1 (to risk-weighted assets) 33,192 13.27 11,256 4.5 16,258 6.5 Minimum Capital Required For Capital Adequacy Plus Capital Conservation Buffer Minimum Capital Required For Capital Adequacy Plus Capital Basel III Phase-In Conservation Buffer Actual Schedule Fully Phased-In Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2018 Total Capital (to risk- weighted assets) $ 36,044 14.41 % $ 24,701 9.875 % $ 26,264 10.5 % Tier I Capital (to risk- weighted assets) 33,192 13.27 19,698 7.875 21,261 8.5 Tier I Capital (to average assets) 33,192 8.68 15,296 4.000 15,296 4.0 Common Equity Tier 1 (to risk-weighted assets) 33,192 13.27 15,946 6.375 17,509 7.0

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Fair Values of Assets and Liabilities [Abstract]
Fair Value, by Balance Sheet Grouping	The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2019 (unaudited) and December 31, 2018, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands): Total Level 1 Level 2 Level 3 March 31, 2019 Mortgage servicing rights $ 444 $ — $ — $ 444 Securities available-for-sale: U.S. Government-sponsored enterprises obligations 23,575 — 23,575 — Mortgage-backed securities 1,339 — 1,339 — Municipal bonds 17,814 — 17,814 — $ 43,172 $ — $ 42,728 $ 444 Total Level 1 Level 2 Level 3 December 31, 2018 Mortgage servicing rights $ 479 $ — $ — $ 479 Securities available-for-sale: U.S. Government-sponsored enterprises obligations 23,727 — 23,727 — Mortgage-backed securities 1,327 — 1,327 — Municipal bonds 14,389 — 14,389 — $ 39,922 $ — $ 39,443 $ 479
Fair Value Measurements, Recurring and Nonrecurring	The estimated fair values, and related carrying or notional amounts, of the Bank’s financial instruments at March 31, 2019 (unaudited) and December 31, 2018 are as follows: Carrying Amount Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2019 Financial Assets: Cash and due from banks $ 5,021 $ 5,021 $ 5,021 $ — $ — Interest-bearing time deposits with other banks 5,468 5,468 — 5,468 — Federal Home Loan Bank stock 3,807 3,807 — 3,807 — Bank-owned life insurance 4,185 4,185 — 4,185 — Loans, net 324,257 314,116 — — 314,116 Accrued interest receivable 1,289 1,289 1,289 — — Financial Liabilities: Deposits $ 273,396 $ 273,018 $ 209,509 $ 63,509 $ — Advances from Federal Home Loan Bank 81,642 81,485 — 81,485 — Mortgagors’ tax escrow 2,021 2,021 — 2,021 — December 31, 2018 Financial Assets: Cash and due from banks $ 5,889 $ 5,889 $ 5,889 $ — $ — Interest-bearing time deposits with other banks 6,461 6,461 — 6,461 — Federal Home Loan Bank stock 3,718 3,718 — 3,718 — Bank-owned life insurance 4,156 4,156 — 4,156 — Loans, net 318,616 307,582 — — 307,582 Accrued interest receivable 1,164 1,164 1,164 — — Financial Liabilities: Deposits $ 274,446 $ 258,446 $ 196,481 $ 61,965 $ — Advances from Federal Home Loan Bank 75,737 75,541 — 75,541 — Mortgagors’ tax escrow 761 761 — 761 —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2019	Mar. 31, 2019	Dec. 31, 2018
Common Stock Par Value	$ 10
Employee stock ownership plan subscription percentage	3.92%
Percentage Of Common Stock Shares offered to eligible members	44.00%
Percentage Of Common Stock Shares offered to Charitable Foundation	1.00%
Equity Method Investment Ownership Percentage	55.00%
Assets Under Management		$ 41.8	$ 39.1
Emerging Growth of Company Status		(i) the last day of the fiscal year of the company during which it had total annual gross revenues of $1.0 billion or more; (ii) the last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the company pursuant to an effective registration statement under the Securities Act of 1933; (iii) the date on which the issuer has, during the previous three-year period, issued more than $1.0 billion in non-convertible debt; or (iv) the date on which the issuer is deemed to be a "large accelerated filer" under Securities and Exchange Commission regulations (generally, at least $700 million of voting and non-voting equity held by non-affiliates).

Securities Available-for-Sale -

Securities Available-for-Sale - Schedule of amortized cost and fair value of securities available-for-sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Amortized Cost	$ 42,622	$ 40,083
Gross Unrealized Gains	334	47
Gross Unrealized Losses	(228)	(687)
Fair Value	42,728	39,443
U.S. Government-sponsored enterprises obligations [Member]
Amortized Cost	23,724	24,219
Gross Unrealized Gains	36	8
Gross Unrealized Losses	(185)	(500)
Fair Value	23,575	23,727
Residential mortgage backed securities [Member]
Amortized Cost	1,366	1,374
Gross Unrealized Losses	(27)	(47)
Fair Value	1,339	1,327
Municipal bonds [Member]
Amortized Cost	17,532	14,490
Gross Unrealized Gains	298	39
Gross Unrealized Losses	(16)	(140)
Fair Value	$ 17,814	$ 14,389

Securities Available-for-Sale_2

Securities Available-for-Sale - Schedule of amortized cost and fair values of available-for-sale securities by contractual maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Due after one year through five years, Amortized Cost	$ 11,263
Due after five years through ten years, Amortized Cost	14,450
Due after ten years, Amortized Cost	15,543
Total U.S. Government-sponsored enterprises obligations and municipal bonds, Amortized Cost	41,256
Mortgage-backed securities, Amortized Cost	42,622	$ 40,083
Due after one year through five years, Fair Value	11,136
Due after five years through ten years, Fair Value	14,451
Due after ten years, Fair Value	15,802
Total U.S. Government-sponsored enterprises obligations and municipal bonds, Fair Value	41,389
Mortgage-backed securities, Fair Value	42,728	39,443
Residential mortgage backed securities
Mortgage-backed securities, Amortized Cost	1,366	1,374
Mortgage-backed securities, Fair Value	$ 1,339	$ 1,327

Securities Available-for-Sale_3

Securities Available-for-Sale - Summary of gross unrealized losses and fair value for those investments with unrealized losses (Detail) $ in Thousands	Mar. 31, 2019USD ($)Number	Dec. 31, 2018USD ($)Number
Less than 12 Months, Number of Securities | Number	1	18
Less than 12 Months, Fair Value	$ 507	$ 12,278
Less than 12 Months, Unrealized Losses	$ (1)	$ (142)
More than 12 Months, Number of Securities | Number	23	24
More than 12 Months, Fair Value	$ 18,619	$ 20,832
More than 12 Months, Unrealized Losses	(227)	(545)
Total, Fair Value	19,126	33,110
Total, Unrealized Losses	$ (228)	$ (687)
U.S. Government-sponsored enterprises obligation
Less than 12 Months, Number of Securities | Number	0	4
Less than 12 Months, Fair Value	$ 0	$ 4,937
Less than 12 Months, Unrealized Losses		$ (32)
More than 12 Months, Number of Securities | Number	13	15
More than 12 Months, Fair Value	$ 15,070	$ 16,781
More than 12 Months, Unrealized Losses	(185)	(468)
Total, Fair Value	15,070	21,718
Total, Unrealized Losses	$ (185)	$ (500)
Residential mortgage backed securities
Less than 12 Months, Number of Securities | Number		1
Less than 12 Months, Fair Value		$ 1,327
Less than 12 Months, Unrealized Losses		(47)
More than 12 Months, Number of Securities | Number	1
More than 12 Months, Fair Value	$ 1,339
More than 12 Months, Unrealized Losses	(27)
Total, Fair Value	1,339	1,327
Total, Unrealized Losses	$ (27)	$ (47)
Municipal bonds
Less than 12 Months, Number of Securities | Number	1	13
Less than 12 Months, Fair Value	$ 507	$ 6,014
Less than 12 Months, Unrealized Losses	$ (1)	$ (63)
More than 12 Months, Number of Securities | Number	9	9
More than 12 Months, Fair Value	$ 2,210	$ 4,051
More than 12 Months, Unrealized Losses	(15)	(77)
Total, Fair Value	2,717	10,065
Total, Unrealized Losses	$ (16)	$ (140)

Securities Available-for-Sale_4

Securities Available-for-Sale - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)Number	Mar. 31, 2018USD ($)	Dec. 31, 2018
Gross realized gains on securities available for sale	$ 4	$ 0
Gross realized losses on securities available for sale	12	0
Proceeds from realized gains and losses on sale of available for sale securities	$ 1,480	$ 9
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Number of debt securities held | Number	0
Concentration risk percentage of available for sale of securities	10.00%		10.00%

Loans - Loans Consisted (Detail

Loans - Loans Consisted (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Total Loans	$ 326,193	$ 320,556
Net deferred loan costs	870	866
Allowance for loan losses	(2,806)	(2,806)	$ (2,844)	$ (2,803)
Net loans	324,257	318,616
CRE [Member]
Total Loans	64,636	63,853
Allowance for loan losses	(643)	(559)	(375)	(367)
MF [Member]
Total Loans	4,504	4,928
Allowance for loan losses	(21)	(22)	(29)	(30)
C+I [Member]
Total Loans	23,071	21,990
Allowance for loan losses	(220)	(232)	(149)	(169)
ADL [Member]
Total Loans	16,478	15,580
Allowance for loan losses	(143)	(88)	(327)	(303)
RES [Member]
Total Loans	205,685	201,759
Allowance for loan losses	(1,585)	(1,593)	(1,782)	(1,629)
HELOC [Member]
Total Loans	10,565	11,151
Allowance for loan losses	(51)	(69)	(73)	(70)
CON [Member]
Total Loans	1,254	1,295
Allowance for loan losses	$ (5)	$ (7)	$ (13)	$ (11)

Loans - Transactions In The All

Loans - Transactions In The Allowance For Loan Losses ("ALL") (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Balance	$ 2,806	$ 2,803
Provision for loan losses		40
Recoveries		1
Balance	2,806	2,844
CRE [Member]
Balance	559	367
Provision for loan losses	84	8
Balance	643	375
MF [Member]
Balance	22	30
Provision for loan losses	(1)	(1)
Balance	21	29
C+I [Member]
Balance	232	169
Provision for loan losses	(12)	(20)
Balance	220	149
ADL [Member]
Balance	88	303
Provision for loan losses	55	24
Balance	143	327
RES [Member]
Balance	1,593	1,629
Provision for loan losses	(8)	153
Balance	1,585	1,782
HELOC [Member]
Balance	69	70
Provision for loan losses	(18)	3
Balance	51	73
CON [Member]
Balance	7	11
Provision for loan losses	(2)	1
Recoveries		1
Balance	5	13
Unallocated [Member]
Balance	236	224
Provision for loan losses	(98)	(128)
Balance	$ 138	$ 96

Loans - Information About Loans

Loans - Information About Loans And The ALL By Portfolio Segment Are Summarized (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Individually evaluated for impairment	$ 1,650	$ 1,579
Collectively evaluated for impairment	324,543	318,977
Total	326,193	320,556
Collectively evaluated for impairment	2,806	2,806
Total	2,806	2,806	$ 2,844	$ 2,803
CRE [Member]
Individually evaluated for impairment	115	244
Collectively evaluated for impairment	64,521	63,609
Total	64,636	63,853
Collectively evaluated for impairment	643	559
Total	643	559	375	367
MF [Member]
Collectively evaluated for impairment	4,504	4,928
Total	4,504	4,928
Collectively evaluated for impairment	21	22
Total	21	22	29	30
C+I [Member]
Individually evaluated for impairment	1,219	1,267
Collectively evaluated for impairment	21,852	20,723
Total	23,071	21,990
Collectively evaluated for impairment	220	232
Total	220	232	149	169
ADL [Member]
Collectively evaluated for impairment	16,478	15,580
Total	16,478	15,580
Collectively evaluated for impairment	143	88
Total	143	88	327	303
RES [Member]
Individually evaluated for impairment	316	68
Collectively evaluated for impairment	205,369	201,691
Total	205,685	201,759
Collectively evaluated for impairment	1,585	1,593
Total	1,585	1,593	1,782	1,629
HELOC [Member]
Collectively evaluated for impairment	10,565	11,151
Total	10,565	11,151
Collectively evaluated for impairment	51	69
Total	51	69	73	70
CON [Member]
Collectively evaluated for impairment	1,254	1,295
Total	1,254	1,295
Collectively evaluated for impairment	5	7
Total	5	7	13	11
Unallocated [Member]
Collectively evaluated for impairment	138	236
Total	$ 138	$ 236	$ 96	$ 224

Loans - Analysis Of Past Due Lo

Loans - Analysis Of Past Due Loans By Portfolio Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total Past Due	$ 787	$ 516
Total Current	325,406	320,040
Total Loans	326,193	320,556
Non-Accrual Loans	316	68
30-59 Days Past Due [Member]
Total Past Due	471	448
Greater than 90 Days [Member]
Total Past Due	316	68
CRE [Member]
Total Past Due		93
Total Current	64,636	63,760
Total Loans	64,636	63,853
CRE [Member] | 30-59 Days Past Due [Member]
Total Past Due		93
MF [Member]
Total Current	4,504	4,928
Total Loans	4,504	4,928
C+I [Member]
Total Current	23,071	21,990
Total Loans	23,071	21,990
ADL [Member]
Total Past Due	450
Total Current	16,028	15,580
Total Loans	16,478	15,580
ADL [Member] | 30-59 Days Past Due [Member]
Total Past Due	450
RES [Member]
Total Past Due	337	324
Total Current	205,348	201,435
Total Loans	205,685	201,759
Non-Accrual Loans	316	68
RES [Member] | 30-59 Days Past Due [Member]
Total Past Due	21	256
RES [Member] | Greater than 90 Days [Member]
Total Past Due	316	68
HELOC [Member]
Total Past Due		99
Total Current	10,565	11,052
Total Loans	10,565	11,151
HELOC [Member] | 30-59 Days Past Due [Member]
Total Past Due		99
CON [Member]
Total Current	1,254	1,295
Total Loans	$ 1,254	$ 1,295

Loans - Provides Information On

Loans - Provides Information On Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Recorded Carrying Value	$ 316	$ 68
Unpaid Principal Balance	316	68
Average Recorded Investment	367	616
Interest Income Recognized	6	3
CRE [Member]
Average Recorded Investment		112
ADL [Member]
Average Recorded Investment		470
RES [Member]
Recorded Carrying Value	316	68
Unpaid Principal Balance	316	68
Average Recorded Investment	367	34
Interest Income Recognized	$ 6	$ 3

Loans - Internal Risk Rating Of

Loans - Internal Risk Rating Of Loans By Portfolio Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total Loans	$ 326,193	$ 320,556
Pass [Member]
Total Loans	323,778	317,962
Special Mention [Member]
Total Loans	765	1,015
Substandard [Member]
Total Loans	1,650	1,579
CRE [Member]
Total Loans	64,636	63,853
CRE [Member] | Pass [Member]
Total Loans	63,793	62,873
CRE [Member] | Special Mention [Member]
Total Loans	728	736
CRE [Member] | Substandard [Member]
Total Loans	115	244
MF [Member]
Total Loans	4,504	4,928
MF [Member] | Pass [Member]
Total Loans	4,504	4,928
C+I [Member]
Total Loans	23,071	21,990
C+I [Member] | Pass [Member]
Total Loans	21,815	20,700
C+I [Member] | Special Mention [Member]
Total Loans	37	23
C+I [Member] | Substandard [Member]
Total Loans	1,219	1,267
ADL [Member]
Total Loans	16,478	15,580
ADL [Member] | Pass [Member]
Total Loans	16,478	15,580
RES [Member]
Total Loans	205,685	201,759
RES [Member] | Pass [Member]
Total Loans	205,369	201,435
RES [Member] | Special Mention [Member]
Total Loans		256
RES [Member] | Substandard [Member]
Total Loans	316	68
HELOC [Member]
Total Loans	10,565	11,151
HELOC [Member] | Pass [Member]
Total Loans	10,565	11,151
CON [Member]
Total Loans	1,254	1,295
CON [Member] | Pass [Member]
Total Loans	$ 1,254	$ 1,295

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans Outstanding	$ 5,292	$ 5,458

Loan Servicing - Additional Inf

Loan Servicing - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Transferred Financial Assets Principal Amount Outstanding	$ 49,100		$ 49,200
Loan servicing fee income (loss)	$ (5)	$ 70
Servicing Assets and Servicing Liabilities at Fair Value Discount Rate	9.50%	9.50%
Servicing Assets and Servicing Liabilities at Fair Value prepayment speed	8.58%	9.90%
Servicing Assets and Servicing Liabilities at Fair Value weighted average default rate	3.00%	3.13%

Loan Servicing - Summary Of Act

Loan Servicing - Summary Of Activity In Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Balance, beginning of period	$ 479	$ 473
Change in fair value due to change in assumptions	(35)	38
Balance, end of period	$ 444	$ 511

Deposits - Deposit Liabilities

Deposits - Deposit Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
NOW and demand deposits	$ 107,270	$ 109,580
Money market deposits	61,375	60,952
Regular and other savings deposits	40,864	41,294
Time deposits of $250,000 and greater	14,280	13,325
Time deposits less than $250,000	49,607	49,295
Total deposits	$ 273,396	$ 274,446

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Detail) $ in Thousands	Mar. 31, 2019USD ($)
2019	$ 29,065
2020	26,666
2021	4,951
2022	2,789
2023	416
Total	$ 63,887

Borrowings - Schedule Of Federa

Borrowings - Schedule Of Federal Home Loan Bank Advances By Branch Of FHLB Bank (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Principal Amounts	$ 81,642	$ 75,737
Federal Home Loan Bank Advances One [Member]
Principal Amounts	$ 79,380	$ 73,475
Maturity Dates	2019	2019
Federal Home Loan Bank Advances Two [Member]
Principal Amounts	$ 2,262	$ 2,262
Maturity Dates	2022	2022
Minimum [Member] | Federal Home Loan Bank Advances One [Member]
Interest Rates	2.62%	2.54%
Minimum [Member] | Federal Home Loan Bank Advances Two [Member]
Interest Rates	0.00%	0.00%
Maximum [Member] | Federal Home Loan Bank Advances One [Member]
Interest Rates	2.69%	2.68%
Maximum [Member] | Federal Home Loan Bank Advances Two [Member]
Interest Rates	0.00%	0.00%

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Banks unused remaining borrowing capacity	$ 62.5	$ 72.1
Federal home loan bank maximum borrowing capacity	3
Fed Funds borrowing [Member]
Fed funds borrowing capacity	$ 5

Employee Benefits - fair value

Employee Benefits - fair value of plan assets divided by funding target (Detail)	Jul. 01, 2018
Pension Plan [Member]
Percentage of funding status	91.32%	[1]
[1]	Fair value of plan assets reflects any contributions received through June 30, 2018.

Employee Benefits - Additional

Employee Benefits - Additional information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 34	$ 32
Deferred Compensation Liability, Current and Noncurrent	1,474			$ 1,547
Scenario, Forecast [Member]
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant			$ 346
Pentegra DB Plan [Member]
Pension Cost (Reversal of Cost)	87	$ 102
Salary Continuation Plan [Member] | Supplemental Employee Retirement Plan [Member]
Liability, Defined Benefit Plan	$ 527			565
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	5.00%	5.00%
Employee salary incremental percent	5.00%
Defined Contribution Plan, Cost	$ 23	$ 35
Salary Continuation Plan [Member] | Former Employee [Member] | Supplemental Employee Retirement Plan [Member]
Pension Cost (Reversal of Cost)	0	15
Liability, Defined Benefit Plan	0			$ 0
Executive Supplemental Retirement Plan [Member] | Supplemental Employee Retirement Plan [Member]
Liability, Defined Benefit Plan	$ 207
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	6.25%			6.25%
Endorsement Method Split Dollar Plan [Member] | Supplemental Employee Retirement Plan [Member]
Pension Cost (Reversal of Cost)	$ (6)	(5)
Liability, Defined Benefit Plan	52			$ 58
Deferred Directors Supplemental Retirement Plan [Member] | Supplemental Employee Retirement Plan [Member]
Liability, Defined Benefit Plan	$ 533			$ 562
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	6.25%			6.25%
Defined Contribution Plan, Cost	$ 32	$ 14
Deferred Compensation Liability, Current and Noncurrent	$ 154

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disclosure of Other Comprehensive Income Loss [Abstract]
Losses on securities available for sale	$ 8
Tax effect	(2)
Net income	6
Net amortization of premium on securities	26	$ 28
Tax effect	(7)	(8)
Net income	$ 19	$ 20

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Regulatory Capital Requirements (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Actual, Total Capital (to risk- weighted assets)	$ 36,218		$ 36,044
Actual, Tier I Capital (to risk- weighted assets)	33,371		33,192
Actual, Tier I Capital (to average assets)	33,371		33,192
Actual, Common Equity Tier 1 (to risk-weighted assets)	$ 33,371		$ 33,192
Actual Ratio, Total Capital (to risk- weighted assets)	14.33%		14.41%
Actual Ratio, Tier I Capital (to risk- weighted assets)	13.20%		13.27%
Actual Ratio, Tier I Capital (to average assets)	8.55%		8.68%
Actual Ratio, Common Equity Tier 1 (to risk-weighted assets)	13.20%		13.27%
Minimum Capital Requirement, Total Capital (to risk-weighted assets)	$ 20,219		$ 20,011
Minimum Capital Requirement, Tier I Capital (to risk-weighted assets)	15,169		15,008
Minimum Capital Requirement, Tier I Capital (to average assets)	15,612		15,296
Minimum Capital Requirement, Common Equity Tier 1 (to risk-weighted assets)	$ 11,376		$ 11,256
Minimum Capital Requirement Ratio, Total Capital (to risk-weighted assets)	8.00%	8.00%	8.00%
Minimum Capital Requirement Ratio, Tier I Capital (to risk-weighted assets)	6.00%	6.00%	6.00%
Minimum Capital Requirement Ratio, Tier I Capital (to average assets)	4.00%	4.00%	4.00%
Minimum Capital Requirement Ratio, Common Equity Tier 1 (to risk-weighted assets)	4.50%	4.50%	4.50%
Minimum To Be Well Capitalized Under Prompt Corrective, Total Capital (to risk-weighted assets)			$ 25,012
Minimum To Be Well Capitalized Under Prompt Corrective, Tier I Capital (to risk-weighted assets)			20,009
Minimum To Be Well Capitalized Under Prompt Corrective, Tier I Capital (to average assets)			19,118
Minimum To Be Well Capitalized Under Prompt Corrective, Common Equity Tier 1 (to risk-weighted assets)			$ 16,258
Minimum To Be Well Capitalized Under Prompt Corrective Ratio, Total Capital (to risk-weighted assets)			10.00%
Minimum To Be Well Capitalized Under Prompt Corrective Ratio, Tier I Capital (to risk-weighted assets)			8.00%
Minimum To Be Well Capitalized Under Prompt Corrective Ratio, Tier I Capital (to average assets)			5.00%
Minimum To Be Well Capitalized Under Prompt Corrective Ratio, Common Equity Tier 1 (to risk-weighted assets)			6.50%
Fully Phased-In
Minimum Capital Requirement, Total Capital (to risk-weighted assets)	$ 26,538		$ 26,264
Minimum Capital Requirement, Tier I Capital (to risk-weighted assets)	21,489		21,261
Minimum Capital Requirement, Tier I Capital (to average assets)	15,612		15,296
Minimum Capital Requirement, Common Equity Tier 1 (to risk-weighted assets)	$ 17,697		$ 17,509
Minimum Capital Requirement Ratio, Total Capital (to risk-weighted assets)	10.50%	10.50%	10.50%
Minimum Capital Requirement Ratio, Tier I Capital (to risk-weighted assets)	8.50%	8.50%	8.50%
Minimum Capital Requirement Ratio, Tier I Capital (to average assets)	4.00%		4.00%
Minimum Capital Requirement Ratio, Common Equity Tier 1 (to risk-weighted assets)	7.00%	7.00%	7.00%
Basel III Phase-In Schedule
Minimum Capital Requirement, Total Capital (to risk-weighted assets)			$ 24,701
Minimum Capital Requirement, Tier I Capital (to risk-weighted assets)			19,698
Minimum Capital Requirement, Tier I Capital (to average assets)			15,296
Minimum Capital Requirement, Common Equity Tier 1 (to risk-weighted assets)			$ 15,946
Minimum Capital Requirement Ratio, Total Capital (to risk-weighted assets)			9.875%
Minimum Capital Requirement Ratio, Tier I Capital (to risk-weighted assets)			7.875%
Minimum Capital Requirement Ratio, Tier I Capital (to average assets)			4.00%
Minimum Capital Requirement Ratio, Common Equity Tier 1 (to risk-weighted assets)			6.375%

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Detail)	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Total Capital (to risk-weighted assets)	8.00%	8.00%	8.00%
Tier I Capital (to risk-weighted assets)	6.00%	6.00%	6.00%
Tier I Capital (to average assets)	4.00%	4.00%	4.00%
Common Equity Tier 1 (to risk-weighted assets)	4.50%	4.50%	4.50%
Capital Conservation Buffer Ratio		2.50%
Fully Phased In [Member]
Total Capital (to risk-weighted assets)	10.50%	10.50%	10.50%
Tier I Capital (to risk-weighted assets)	8.50%	8.50%	8.50%
Tier I Capital (to average assets)	4.00%		4.00%
Common Equity Tier 1 (to risk-weighted assets)	7.00%	7.00%	7.00%

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Fair Value, by Balance Sheet Grouping (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale:
Debt Securities, Available-for-sale	$ 42,728	$ 39,443
U.S. Government-sponsored enterprises obligations [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	23,575	23,727
Municipal bonds [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	17,814	14,389
Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	43,172	39,922
Fair Value, Measurements, Recurring [Member] | U.S. Government-sponsored enterprises obligations [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	23,575	23,727
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	1,339	1,327
Fair Value, Measurements, Recurring [Member] | Municipal bonds [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	17,814	14,389
Fair Value, Measurements, Recurring [Member] | Mortgage servicing rights [member]
Assets, Fair Value Disclosure	444	479
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure	42,728	39,443
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government-sponsored enterprises obligations [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	23,575	23,727
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed securities [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	1,339	1,327
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal bonds [Member]
Securities available-for-sale:
Debt Securities, Available-for-sale	17,814	14,389
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure	444	479
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage servicing rights [member]
Assets, Fair Value Disclosure	$ 444	$ 479

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Fair Value Measurements, Recurring and Nonrecurring (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial Assets:
Cash and due from banks	$ 5,021	$ 5,889
Interest-bearing time deposits with other banks	5,468	6,461
Federal Home Loan Bank stock	3,807	3,718
Bank-owned life insurance	4,185	4,156
Loans, net	324,257	318,616
Accrued interest receivable	1,289	1,164
Financial Liabilities:
Deposits	273,396	274,446
Advances from Federal Home Loan Bank	81,642	75,737
Mortgagors' tax escrow	2,021	761
Deposits [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	273,018	258,446
Deposits [Member] | Fair Value, Inputs, Level 1 [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	209,509	196,481
Deposits [Member] | Fair Value, Inputs, Level 2 [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	63,509	61,965
Federal Home Loan Bank Borrowings [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	81,485	75,541
Federal Home Loan Bank Borrowings [Member] | Fair Value, Inputs, Level 2 [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	81,485	75,541
Mortgagors' tax escrow [member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	2,021	761
Mortgagors' tax escrow [member] | Fair Value, Inputs, Level 2 [Member]
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Liabilities Fair Value Disclosure	2,021	761
Cash and due from banks [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	5,021	5,889
Cash and due from banks [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	5,021	5,889
Interest-bearing time deposits with other banks [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	5,468	6,461
Interest-bearing time deposits with other banks [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	5,468	6,461
Federal Home Loan Bank stock [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	3,807	3,718
Federal Home Loan Bank stock [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	3,807	3,718
Bank-owned life insurance [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	4,185	4,156
Bank-owned life insurance [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	4,185	4,156
Loans, net [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	314,116	307,582
Loans, net [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	314,116	307,582
Accrued interest receivable [member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	1,289	1,164
Accrued interest receivable [member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Assets, Fair Value Disclosure	$ 1,289	$ 1,164