Severn Bancorp (SVBI) 10-Q 9 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	SEVERN BANCORP INC
Entity Central Index Key	0000868271
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		12,777,537
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 3,644	$ 2,880
Federal funds sold and interest-bearing deposits in other banks	73,693	185,460
Cash and cash equivalents	77,337	188,340
Certificates of deposit held for investment	7,540	8,780
Securities available for sale, at fair value	11,031	11,978
Securities held to maturity (fair value of $33,708 and $38,212 at June 30, 2019 and December 31, 2018, respectively)	33,562	38,912
Loans held for sale, at fair value	17,987	9,686
Loans receivable	679,573	682,349
Allowance for loan losses	(8,093)	(8,044)
Loans, net	671,480	674,305
Real estate acquired through foreclosure	1,430	1,537
Restricted stock investments	2,857	3,766
Premises and equipment, net	22,452	22,745
Accrued interest receivable	2,605	2,848
Deferred income taxes	2,167	2,363
Bank owned life insurance	5,303	5,225
Goodwill	1,104	1,104
Other assets	5,257	2,644
Total assets	862,112	974,233
Deposits:
Noninterest bearing	133,357	146,604
Interest-bearing	552,059	632,902
Total deposits	685,416	779,506
Long-term borrowings	48,500	73,500
Subordinated debentures	20,619	20,619
Accrued expenses and other liabilities	4,886	2,155
Total liabilities	759,421	875,780
Stockholders' Equity:
Common stock, $0.01 par value, 20,000,000 shares authorized; 12,775,137 and 12,759,576 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	128	128
Additional paid-in capital	65,696	65,538
Retained earnings	36,878	32,860
Accumulated other comprehensive loss	(11)	(73)
Total stockholders' equity	102,691	98,453
Total liabilities and stockholders' equity	$ 862,112	$ 974,233

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Securities held to maturity fair value	$ 33,708	$ 38,212
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	12,775,137	12,759,576
Common stock, shares outstanding (in shares)	12,775,137	12,759,576

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Loans	$ 9,226	$ 8,516	$ 18,393	$ 16,887
Securities	241	307	500	627
Other earning assets	757	178	1,874	364
Total interest income	10,224	9,001	20,767	17,878
Interest expense:
Deposits	1,898	1,274	3,767	2,407
Borrowings and subordinated debentures	481	800	1,070	1,560
Total interest expense	2,379	2,074	4,837	3,967
Net interest income	7,845	6,927	15,930	13,911
Net interest income after provision for loan losses	7,845	6,927	15,930	13,911
Noninterest income:
Mortgage-banking revenue	1,087	635	1,807	1,230
Real estate commissions	378	360	860	745
Real estate management fees	162	187	326	370
Deposit service charges	547	346	1,056	641
Title company revenue	262	293	479	435
Other noninterest income	179	247	347	440
Total noninterest income	2,615	2,068	4,875	3,861
Noninterest expense:
Compensation and related expenses	4,909	4,420	9,434	8,698
Occupancy	389	391	804	735
Legal fees	26	31	75	42
Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains	24	(18)	149	14
Federal Deposit Insurance Corporation insurance premiums	63	58	119	113
Professional fees	443	105	583	214
Advertising	213	216	400	449
Data processing	354	255	696	519
Credit report and appraisal fees	24	47	64	41
Licensing and software	293	157	475	278
Other noninterest expense	775	691	1,464	1,397
Total noninterest expense	7,513	6,353	14,263	12,500
Net income before income tax provision	2,947	2,642	6,542	5,272
Income tax provision	771	724	1,757	1,469
Net income	2,176	1,918	4,785	3,803
Dividends on preferred stock				(70)
Net income available to common stockholders	$ 2,176	$ 1,918	$ 4,785	$ 3,733
Net income per common share - basic (in dollars per share)	$ 0.17	$ 0.15	$ 0.37	$ 0.30
Net income per common share - diluted (in dollars per share)	$ 0.17	$ 0.15	$ 0.37	$ 0.30

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 2,176	$ 1,918	$ 4,785	$ 3,803
Other comprehensive income (loss) items:
Unrealized holding gains (losses) on available-for-sale securities arising during the period (net of tax expense (benefit) of $14, $(5), $21, and $(24)	38	(12)	62	(66)
Total other comprehensive income (loss)	38	(12)	62	(66)
Total comprehensive income	$ 2,214	$ 1,906	$ 4,847	$ 3,737

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other comprehensive income (loss) items:
Unrealized holding losses on available-for-sale securities arising during the period, income taxes	$ 14	$ (5)	$ 21	$ (24)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Comprehensive Loss [Member]	Total
Beginning balance at Dec. 31, 2017	$ 4	$ 122	$ 65,137	$ 25,872	$ (35)	$ 91,100
Balance (in shares) at Dec. 31, 2017	437,500	12,233,424
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				3,803		3,803
Stock-based compensation			113			113
Redemption of preferred stock	$ (4)	$ 4
Redemption of preferred stock (in shares)	(437,500)	437,500
Dividend declared				(70)		(70)
Dividends paid on common stock				(747)		(747)
Exercise of stock options		$ 1	96			$ 97
Exercise of stock options (in shares)		24,002				24,002
Other			(189)			$ (189)
Other comprehensive income (loss)					(66)	(66)
Ending balance at Jun. 30, 2018		$ 127	65,157	28,858	(101)	94,041
Balance (in shares) at Jun. 30, 2018		12,694,926
Beginning balance at Mar. 31, 2018	$ 4	$ 122	65,060	27,320	(89)	92,417
Balance (in shares) at Mar. 31, 2018	437,500	12,247,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,918		1,918
Stock-based compensation			57			57
Redemption of preferred stock	$ (4)	$ 4
Redemption of preferred stock (in shares)	(437,500)	437,500
Dividends paid on common stock				(380)		(380)
Exercise of stock options		$ 1	40			41
Exercise of stock options (in shares)		9,800
Other comprehensive income (loss)					(12)	(12)
Ending balance at Jun. 30, 2018		$ 127	65,157	28,858	(101)	94,041
Balance (in shares) at Jun. 30, 2018		12,694,926
Beginning balance at Dec. 31, 2018		$ 128	65,538	32,860	(73)	98,453
Balance (in shares) at Dec. 31, 2018		12,759,576
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				4,785		4,785
Stock-based compensation			77			77
Dividends paid on common stock				(767)		(767)
Exercise of stock options			81			$ 81
Exercise of stock options (in shares)		15,561				15,561
Other comprehensive income (loss)					62	$ 62
Ending balance at Jun. 30, 2019		$ 128	65,696	36,878	(11)	102,691
Balance (in shares) at Jun. 30, 2019		12,775,137
Beginning balance at Mar. 31, 2019		$ 128	65,662	35,087	(49)	100,828
Balance (in shares) at Mar. 31, 2019		12,775,087
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				2,176		2,176
Stock-based compensation			34	0		34
Dividends paid on common stock				(385)		(385)
Exercise of stock options (in shares)		50
Other comprehensive income (loss)					38	38
Ending balance at Jun. 30, 2019		$ 128	$ 65,696	$ 36,878	$ (11)	$ 102,691
Balance (in shares) at Jun. 30, 2019		12,775,137

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Dividend paid on common stock	$ 0.03	$ 0.03	$ 0.06	$ 0.06

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 4,785,000	$ 3,803,000
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	703,000	628,000
Amortization of deferred loan fees	(949,000)	(861,000)
Net amortization of premiums and discounts	80,000	(125,000)
Write-downs and losses on real estate acquired through foreclosure, net of gains	171,000	44,000
Gain on sale of mortgage loans	(1,807,000)	(1,230,000)
Proceeds from sale of mortgage loans held for sale	81,725,000	37,151,000
Originations of loans held for sale	(88,867,000)	(40,835,000)
Stock-based compensation	77,000	113,000
Increase in cash surrender value of bank-owned life insurance	(78,000)	(82,000)
Deferred income taxes	173,000	1,334,000
Decrease in accrued interest receivable	243,000	36,000
(Increase) decrease in other assets	(2,610,000)	163,000
Increase in accrued expenses and other liabilities	2,729,000	73,000
Net cash (used in) provided by operating activities	(3,625,000)	212,000
Cash flows from investing activities:
Redemption of certificates of deposit held for investment	1,240,000
Loan principal repayments, net of (disbursements)	4,252,000	(17,698,000)
Redemption of restricted stock investments	909,000	262,000
Purchases of premises and equipment, net	(410,000)	(548,000)
Activity in securities held to maturity:
Maturities/calls/repayments	5,300,000	7,745,000
Activity in available-for-sale securities:
Purchases		(2,000,000)
Maturities/calls/repayments	1,000,000	108,000
Proceeds from sales of real estate acquired through foreclosure	107,000	64,000
Net cash provided by (used in) investing activities	12,398,000	(12,067,000)
Cash flows from financing activities:
Net (decrease) increase in deposits	(94,090,000)	19,387,000
Net increase in short-term borrowings		8,500,000
Additional long-term borrowings		34,000,000
Repayments of long-term borrowings	(25,000,000)	(49,000,000)
Common stock dividends	(767,000)	(747,000)
Preferred stock dividends		(70,000)
Exercise of stock options	81,000	97,000
Net cash (used in) provided by financing activities	(119,776,000)	12,167,000
(Decrease) increase in cash and cash equivalents	(111,003,000)	312,000
Cash and cash equivalents at beginning of period	188,340,000	21,853,000
Cash and cash equivalents at end of period	77,337,000	22,165,000
Supplemental Noncash Disclosures:
Interest paid on deposits and borrowed funds	4,925,000	3,937,000
Income taxes paid	1,909,000	$ 91,000
Real estate acquired in satisfaction of loans	171,000
Initial recognition of operating lease right-of-use asset	2,684,000
Initial recognition of operating lease liability	2,684,000
Transfers of loans held for sale to loan portfolio	$ 648,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Basis of Presentation The accounting and reporting policies of Severn Bancorp, Inc. and subsidiaries (the “Company”) conform to accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 8‑01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. In the opinion of management, all adjustments (comprising only of those of a normal recurring nature) necessary for a fair presentation of the results of operations for the interim periods presented have been made. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 or any other interim or future period. Events occurring after the date of the financial statements up to the date the financial statements were available to be issued were considered in the preparation of the consolidated financial statements. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2018 Annual Report on Form 10‑K as filed with the Securities and Exchange Commission (“SEC”). Principles of Consolidation The unaudited consolidated financial statements include the accounts of Severn Bancorp, Inc., and its wholly-owned subsidiaries, Mid-Maryland Title Company, Inc., SBI Mortgage Company, and Severn Savings Bank, FSB (the “Bank”), along with the Bank’s subsidiaries, Louis Hyatt, Inc., Homeowners Title and Escrow Corporation, Severn Financial Services Corporation, SSB Realty Holdings, LLC, SSB Realty Holdings II, LLC, and HS West, LLC. Also included are the accounts of SBI Mortgage Company’s subsidiary, Crownsville Development Corporation, and its subsidiary, Crownsville Holdings I, LLC. All intercompany accounts and transactions have been eliminated in the accompanying consolidated financial statements. Use of Estimates The preparation of the financial statements requires management to exercise significant judgment or discretion or make significant assumptions and estimates based on the information available that have, or could have, a material impact on the carrying value of certain assets or on income. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the periods presented. The accounting policies we view as critical are those relating to the allowance for loan losses (“Allowance”), the valuation of securities, the valuation of real estate acquired through foreclosure, and the valuation of deferred tax assets and liabilities. Cash Flows We consider all highly liquid securities with original maturities of three months or less to be cash equivalents. For reporting purposes, assets grouped in the Consolidated Statements of Financial Condition under the captions “Cash and due from banks” and “Federal funds sold and interest-bearing deposits in other banks” are considered cash or cash equivalents. For financial statement purposes, these assets are carried at cost. Federal funds sold and interest-bearing deposits in other banks generally have overnight maturities and are in excess of amounts that would be recoverable under Federal Deposit Insurance Corporation (“FDIC”) insurance. Reclassifications Certain reclassifications have been made to amounts previously reported to conform to current period presentation. Recent Accounting Pronouncements Pronouncements Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016‑02, Leases , which requires a lessee to recognize the assets and liabilities that arise from all leases with a term greater than 12 months. The core principle requires the lessee to recognize a liability to make lease payments and a right-of-use (“ROU”) asset. The accounting applied by the lessor is relatively unchanged. The ASU also requires expanded qualitative and quantitative disclosures. For public business entities, the guidance was effective for interim and annual reporting periods beginning after December 15, 2018 and mandates a modified retrospective transition for all entities. We adopted this standard using the option to apply the transition provisions of the new standard at the adoption date instead of the earliest period presented as provided in ASU 2018-11. Additionally, we elected to apply all practical expedients as provided in ASU 2016-02, with the exception of the hindsight practical expedient which was not elected. As a result of the adoption of this standard, effective January 1, 2019, we recognized both an ROU asset and a lease liability of $2.7 million to be recorded in other assets and other liabilities, respectively, on the balance sheet. The lease liability represents the present value of the future payments on five leased properties and six leased pieces of equipment within the Company’s footprint, while the ROU asset reflects the lease liability adjusted for deferred rent balances of the respective properties as of the adoption date of January 1, 2019. The Company expects its regulatory capital ratios to remain above the thresholds necessary to be classified as a “well capitalized” institution. In March 2017, FASB issued ASU No. 2017‑08, Receivables - Nonrefundable Fees and Other costs, which provides guidance that called for the shortening of the amortization period for certain callable debt securities held at a premium. The standard was effective for interim and annual reporting periods beginning after December 15, 2018. The adoption of ASC No. 2017‑08 did not have a material impact on our financial position, results of operations, or cash flows. In February 2018, FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income , which allowed a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The ASU is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The adoption of ASU No. 2018-02 did not have a material impact on its financial position, results of operations, or cash flows. Pronouncements Issued In June 2016, FASB issued ASU No. 2016‑13, Financial Instruments – Credit Losses , which sets forth a current expected credit loss (“CECL”) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In July 2019, the FASB issued a proposal to delay the implementation for smaller reporting companies such as us until January 2023; however, that proposal is not final as of the filing of this Quarterly Report on Form 10-Q. We have contracted with a third party vendor to assist in the transition to CECL. The Bank has purchased the third party vendor’s CECL software and has separately contracted with their advisory services group to help with the installation and transition. As the Bank has been using other software of this specific vendor, they have access to the Bank’s historical data. The third party vendor has been analyzing the Bank’s data, and the Bank has been updating the data to provide the information necessary for CECL calculations. The third party vendor has also begun determining which economic factors are most directly responsible for losses. They have started to recommend pools to be used for CECL calculations, and appropriate methods (as proscribed by CECL) to calculate the reserve for the various pools. As the third party vendor has many financial institution clients, they will be able to provide peer group data to the extent the Bank’s data is not sufficient to make the many determinations required under CECL. The current plan is to be running the CECL and the incurred loss model in parallel during the fourth quarter of 2019 and be in position to completely transition to CECL by the required date. While we are currently in the process of evaluating the impact of the amended guidance on our Consolidated Financial Statements, it is quite possible that the Allowance will increase upon adoption given that the Allowance will be required to cover the full remaining expected life of the portfolio upon adoption, rather than the incurred loss model under current GAAP. The extent of this increase is still being evaluated and will depend on economic conditions and the composition of our loan and lease portfolio at the time of adoption.

Securities

Securities	6 Months Ended
	Jun. 30, 2019
Securities [Abstract]
Securities	Note 2 - Securities The amortized cost and fair values of our available-for-sale (“AFS”) securities portfolio were as follows: June 30, 2019 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. Treasury securities $ 1,997 $ — $ 2 $ 1,995 U.S. government agency notes 9,051 — 15 9,036 $ 11,048 $ — $ 17 $ 11,031 December 31, 2018 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. Treasury securities $ 1,992 $ — $ 11 $ 1,981 U.S. government agency notes 10,086 — 89 9,997 $ 12,078 $ — $ 100 $ 11,978 The amortized cost and fair values of our held-to-maturity (“HTM”) securities portfolio were as follows: June 30, 2019 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 1,992 $ 23 $ — $ 2,015 U.S. government agency notes 8,989 103 24 9,068 Mortgage-backed securities 22,581 83 39 22,625 $ 33,562 $ 209 $ 63 $ 33,708 December 31, 2018 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 1,991 $ 17 $ — $ 2,008 U.S. government agency notes 11,992 45 92 11,945 Mortgage-backed securities 24,929 6 676 24,259 $ 38,912 $ 68 $ 768 $ 38,212 Gross unrealized losses and fair value by length of time that the individual AFS securities have been in an unrealized loss position at the dates indicated are presented in the following tables: June 30, 2019 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. Treasury securities — $ — $ — 2 $ 1,995 $ 2 2 $ 1,995 $ 2 U.S. government agency notes — — — 7 9,036 15 7 9,036 15 — $ — $ — 9 $ 11,031 $ 17 9 $ 11,031 $ 17 December 31, 2018 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. Treasury securities 1 $ 990 $ 5 1 $ 991 $ 6 2 $ 1,981 $ 11 U.S. government agency notes — — — 8 9,997 89 8 9,997 89 1 $ 990 $ 5 9 $ 10,988 $ 95 10 $ 11,978 $ 100 Gross unrealized losses and fair value by length of time that the individual HTM securities have been in an unrealized loss position at the dates indicated are presented in the following tables: June 30, 2019 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. government agency notes — $ — $ — 7 $ 6,989 $ 24 7 $ 6,989 $ 24 Mortgage-backed securities — — — 6 7,643 39 6 7,643 39 — $ — $ — 13 $ 14,632 $ 63 13 $ 14,632 $ 63 December 31, 2018 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. government agency notes — $ — $ — 10 $ 9,927 $ 92 10 9,927 92 Mortgage-backed securities — — — 18 24,011 676 18 24,011 676 — $ — $ — 28 $ 33,938 $ 768 28 $ 33,938 $ 768 All of the securities that are currently in a gross unrealized loss position are so due to declines in fair values resulting from changes in interest rates or increased liquidity spreads since the time they were purchased. We have the intent and ability to hold these debt securities to maturity (including the AFS securities) and do not intend to sell, nor do we believe it will be more likely than not that we will be required to sell, any impaired securities prior to a recovery of amortized cost. We expect these securities will be repaid in full, with no losses realized. As such, management considers any impairment to be temporary. Contractual maturities of debt securities at June 30, 2019 are shown below. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. AFS Securities HTM Securities Amortized Fair Amortized Fair Cost Value Cost Value (dollars in thousands) Due in one year or less $ 10,033 $ 10,019 $ 7,004 $ 6,993 Due after one through five years 1,015 1,012 3,977 4,090 Mortgage-backed securities — — 22,581 22,625 $ 11,048 $ 11,031 $ 33,562 $ 33,708 We did not sell any securities during the three and six months ended June 30, 2019 or 2018. There were no securities pledged as collateral as of June 30, 2019 or December 31, 2018.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2019
Loans Receivable and Allowance for Loan Losses [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 3 - Loans Receivable and Allowance for Loan Losses Loans receivable are summarized as follows: June 30, 2019 December 31, 2018 (dollars in thousands) Residential mortgage $ 276,013 $ 276,389 Commercial 45,347 35,884 Commercial real estate 238,699 244,088 Construction, land acquisition, and development 108,182 114,540 Home equity/2nds 12,581 13,386 Consumer 1,621 1,087 Total loans receivable 682,443 685,374 Unearned loan fees (2,870) (3,025) Loans receivable $ 679,573 $ 682,349 Certain loans in the amount of $165.6 million have been pledged under a blanket floating lien to the Federal Home Loan Bank of Atlanta (“FHLB”) as collateral against advances at June 30, 2019. At June 30, 2019, the Bank was servicing $27.5 million in loans for the Federal National Mortgage Association (“FNMA”) and $14.0 million in loans for the Federal Home Loan Mortgage Corporation (“FHLMC”). At December 31, 2018, the Bank was servicing $29.4 million in loans for FNMA and $15.1 million in loans for FHLMC. Credit Quality An Allowance is provided through charges to income in an amount that management believes will be adequate to absorb losses on existing loans that may become uncollectible based on evaluations of the collectability of loans and prior loan loss experience. Management has an established methodology to determine the adequacy of the Allowance that assesses the risks and losses inherent in the loan portfolio. The methodology takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions that may affect the borrowers’ ability to pay. Determining the amount of the Allowance requires the use of estimates and assumptions. Actual results could differ significantly from those estimates. While management uses all available information to estimate losses on loans, future additions to the Allowance may be necessary based on changes in economic conditions and our actual loss experience. In addition, various regulatory agencies periodically review the Allowance as an integral part of their examination process. Such agencies may require us to recognize additions to the Allowance based on their judgments about information available to them at the time of their examination. Management believes the Allowance is adequate as of June 30, 2019 and December 31, 2018. At December 31, 2018, due to a re-evaluation of our qualitative factors, we changed our estimates of the Allowance relative to historical loss experience within specific loan portfolio segments in order to better align our qualitative factors with historical losses experienced over a longer period of time, relative to those specific loan segments. The result of this change in estimate did not result in a material increase in the Allowance compared to the year ended December 31, 2017, however there were material changes to the Allowance between loan segments. Due to the change in accounting estimate, Allowance allocated to commercial loans and ADC loans increased approximately $2.2 million and $1.1 million, respectively, while the Allowance allocated to residential mortgage loans and commercial real estate loans decreased approximately $600,000 and $2.7 million, respectively, as of December 31, 2018. This change in accounting estimate had no impact on earnings or diluted earnings per share. For purposes of determining the Allowance, we have segmented our loan portfolio by product type. Our portfolio loan segments are residential mortgage, commercial, commercial real estate, construction, land acquisition, and development (“ADC”), Home equity/2nds, and consumer. We have looked at all segments and have determined that no additional subcategorization is warranted based upon our consideration of risk. Our portfolio classes are the same as our portfolio segments. Inherent Credit Risks The inherent credit risks within the loan portfolio vary depending upon the loan class as follows: Residential mortgage - secured by one to four family dwelling units. The loans have limited risk as they are secured by first mortgages on the unit, which are generally the primary residence of the borrower, and are generally at a loan-to-value ratio (“LTV”) of 80% or less. Commercial - underwritten in accordance with our policies and include evaluating historical and projected profitability and cash flow to determine the borrower’s ability to repay the obligation as agreed. Commercial loans are made primarily based on the identified cash flow of the borrower and secondarily on the underlying collateral supporting the loan. Accordingly, the repayment of a commercial loan depends primarily on the creditworthiness of the borrower (and any guarantors), while liquidation of collateral is a secondary and often insufficient source of repayment. These loans are viewed primarily as cash flow dependent and, secondarily, as loans secured by real-estate and/or other assets. Repayment of these loans is generally dependent upon the principal business conducted on the property securing the loan. Line of credit loans may be adversely affected by conditions in the real estate markets or the economy in general. Management monitors and evaluates line of credit loans based on collateral and risk-rating criteria. Commercial real estate - subject to the underwriting standards and processes similar to commercial, in addition to those underwriting standards for real estate loans. These loans are viewed primarily as loans secured by real estate and secondarily as cash flow dependent. As repayment of these loans is generally dependent upon the successful operation of the property securing the loan, we look closely at the cash flows generated by the property securing the loan, although the primary underwriting criteria for these loan types is the sufficient value of the underlying collateral. Commercial real estate loans may be adversely affected by conditions in the real estate markets or the economy in general. Management monitors and evaluates commercial real estate loans based on collateral and risk-rating criteria. The Bank also utilizes third-party experts to provide environmental and market valuations. The nature of commercial real estate loans makes them more difficult to monitor and evaluate. ADC - underwritten in accordance with our underwriting policies which include a financial analysis of the developers, property owners, construction cost estimates, and independent appraisal valuations. These loans will rely on the value associated with the project upon completion. These cost and valuation estimates may be inaccurate. Construction loans generally involve the disbursement of substantial funds over a short period of time with repayment substantially dependent upon the success of the completed project rather than the ability of the borrower or guarantor to repay principal and interest. Additionally, land is underwritten according to our policies which include independent appraisal valuations as well as the estimated value associated with the land upon completion of development. These cost and valuation estimates may be inaccurate. The sources of repayment of these loans is typically permanent financing expected to be obtained upon completion or sales of developed property. These loans are closely monitored by onsite inspections and are considered to be of a higher risk than other real estate loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term financing, interest rate sensitivity, and governmental regulation of real property. If the Bank is forced to foreclose on a project prior to or at completion due to a default, there can be no assurance that the Bank will be able to recover all of the unpaid balance of the loan as well as related foreclosure and holding costs. In addition, the Bank may be required to fund additional amounts to complete the project and may have to hold the property for an unspecified period of time. Home equity/2nds - subject to the underwriting standards and processes similar to residential mortgages and secured by one to four family dwelling units. Home equity/2nds loans have greater risk than residential mortgages as a result of the Bank generally being in a second lien position. Consumer - consist of loans to individuals through the Bank’s retail network and typically unsecured or secured by personal property. Consumer loans have a greater credit risk than residential loans because of the lower value of the underlying collateral, if any. The following tables present, by portfolio segment, the changes in the Allowance and the recorded investment in loans: Three Months Ended June 30, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Charge-offs (20) — — — — (12) — (32) Recoveries 3 — 33 — 4 — — 40 Net (charge-offs) recoveries (17) — 33 — 4 (12) — 8 Provision for (reversal of) loan losses 11 (174) 47 104 (23) 11 24 — Ending Balance $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Three Months Ended June 30, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 3,301 $ 514 $ 2,995 $ 1,060 $ 297 $ 2 $ — $ 8,169 Charge-offs (37) — — — — — — (37) Recoveries 1 — 122 — 2 — — 125 Net (charge-offs) recoveries (36) — 122 — 2 — — 88 (Reversal of) provision for loan losses (303) (100) (526) 1,000 (70) (1) — — Ending Balance $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Six Months Ended June 30, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,224 $ 2,736 $ 457 $ 2,239 $ 222 $ 1 $ 165 $ 8,044 Charge-offs (20) — — — — (12) — (32) Recoveries 8 — 67 — 6 — — 81 Net (charge-offs) recoveries (12) — 67 — 6 (12) — 49 Provision for (reversal of) loan losses 354 (1,170) 268 444 (5) 11 98 — Ending Balance $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Ending balance - individually evaluated for impairment $ 889 $ — $ 67 $ 32 $ 24 $ — $ — $ 1,012 Ending balance - collectively evaluated for impairment 1,677 1,566 725 2,651 199 — 263 7,081 $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Ending loan balance -individually evaluated for impairment $ 13,205 $ — $ 1,889 $ 1,119 $ 859 $ 72 $ 17,144 Ending loan balance -collectively evaluated for impairment 261,269 45,347 235,479 107,063 11,722 1,549 662,429 $ 274,474 $ 45,347 $ 237,368 $ 108,182 $ 12,581 $ 1,621 $ 679,573 December 31, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Ending balance - individually evaluated for impairment $ 927 $ 430 $ 142 $ 32 $ 2 $ — $ — $ 1,533 Ending balance - collectively evaluated for impairment 1,297 2,306 315 2,207 220 1 165 6,511 $ 2,224 $ 2,736 $ 457 $ 2,239 $ 222 $ 1 $ 165 $ 8,044 Ending loan balance - individually evaluated for impairment $ 12,579 $ 430 $ 1,992 $ 1,278 $ 871 $ 76 $ 17,226 Ending loan balance - collectively evaluated for impairment 262,180 35,454 240,701 113,262 12,515 1,011 665,123 $ 274,759 $ 35,884 $ 242,693 $ 114,540 $ 13,386 $ 1,087 $ 682,349 Six Months Ended June 30, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 3,099 $ 527 $ 2,805 $ 1,236 $ 386 $ 2 $ — $ 8,055 Charge-offs (360) — — (13) — — — (373) Recoveries 222 — 333 — 20 — — 575 Net (charge-offs) recoveries (138) — 333 (13) 20 — — 202 Provision for (reversal of) loan losses 1 (113) (547) 837 (177) (1) — — Ending Balance $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Ending balance - individually evaluated for impairment $ 1,295 $ — $ 153 $ 1,002 $ 2 $ 1 $ — $ 2,453 Ending balance - collectively evaluated for impairment 1,667 414 2,438 1,058 227 — — 5,804 $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Ending loan balance - individually evaluated for impairment $ 15,926 $ 300 $ 2,003 $ 3,046 $ 1,461 $ 80 $ 22,816 Ending loan balance - collectively evaluated for impairment 273,503 42,318 230,835 104,518 11,976 946 664,096 $ 289,429 $ 42,618 $ 232,838 $ 107,564 $ 13,437 $ 1,026 $ 686,912 The following tables present the credit quality breakdown of our loan portfolio by class: June 30, 2019 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 270,573 $ — $ 3,901 $ 274,474 Commercial 44,139 1,208 — 45,347 Commercial real estate 232,597 3,088 1,683 237,368 ADC 107,351 — 831 108,182 Home equity/2nds 11,990 418 173 12,581 Consumer 1,621 — — 1,621 $ 668,271 $ 4,714 $ 6,588 $ 679,573 December 31, 2018 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 270,727 $ 827 $ 3,205 $ 274,759 Commercial 35,435 19 430 35,884 Commercial real estate 237,387 3,523 1,783 242,693 ADC 113,072 — 1,468 114,540 Home equity/2nds 12,536 434 416 13,386 Consumer 1,087 — — 1,087 $ 670,244 $ 4,803 $ 7,302 $ 682,349 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans: June 30, 2019 30-59 60-89 90+ Days Days Days Total Non- Past Due Past Due Past Due Past Due Current Total Accrual (dollars in thousands) Residential mortgage $ 531 $ — $ 2,148 $ 2,679 $ 271,795 $ 274,474 $ 3,288 Commercial — — — — 45,347 45,347 — Commercial real estate — — 452 452 236,916 237,368 779 ADC — — 388 388 107,794 108,182 388 Home equity/2nds — — 173 173 12,408 12,581 429 Consumer 16 — 3 19 1,602 1,621 3 $ 547 $ — $ 3,164 $ 3,711 $ 675,862 $ 679,573 $ 4,887 December 31, 2018 30-59 60-89 90+ Days Days Days Total Non- Past Due Past Due Past Due Past Due Current Total Accrual (dollars in thousands) Residential mortgage $ 1,060 $ — $ 1,794 $ 2,854 $ 271,905 $ 274,759 $ 2,580 Commercial — — 430 430 35,454 35,884 430 Commercial real estate 137 — 660 797 241,896 242,693 660 ADC 255 — 387 642 113,898 114,540 558 Home equity/2nds 96 — 428 524 12,862 13,386 428 Consumer 13 — — 13 1,074 1,087 — $ 1,561 $ — $ 3,699 $ 5,260 $ 677,089 $ 682,349 $ 4,656 We did not have any loans greater than 90 days past due and still accruing as of June 30, 2019 or December 31, 2018. The interest which would have been recorded on the above nonaccrual loans if those loans had been performing in accordance with their contractual terms was approximately $382,000 and $1.1 million for the six months ended June 30, 2019 and 2018, respectively. The actual interest income recorded on those loans was approximately $82,000 and $208,000 for the six months ended June 30, 2019 and 2018, respectively. The following tables summarize impaired loans: June 30, 2019 December 31, 2018 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 7,740 $ 7,513 $ — $ 7,054 $ 6,808 $ — Commercial — — — — — — Commercial real estate 1,365 1,325 — 1,244 1,206 — ADC 988 987 — 1,142 1,143 — Home equity/2nds 1,308 825 — 1,290 859 — Consumer 69 68 — 76 76 — With a related Allowance: Residential mortgage 5,812 5,692 889 5,888 5,771 927 Commercial — — — 476 430 430 Commercial real estate 564 564 67 795 786 142 ADC 132 132 32 135 135 32 Home equity/2nds 35 34 24 13 12 2 Consumer 4 4 — — — — Totals: Residential mortgage 13,552 13,205 889 12,942 12,579 927 Commercial — — — 476 430 430 Commercial real estate 1,929 1,889 67 2,039 1,992 142 ADC 1,120 1,119 32 1,277 1,278 32 Home equity/2nds 1,343 859 24 1,303 871 2 Consumer 73 72 — 76 76 — Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 7,197 $ 81 $ 7,867 $ 88 $ 6,950 $ 160 $ 9,824 $ 174 Commercial — — 457 13 — — 78 20 Commercial real estate 1,327 17 1,326 14 1,245 37 1,350 30 ADC 977 7 397 4 1,034 15 555 9 Home equity/2nds 834 17 1,285 12 844 30 483 20 Consumer 224 1 — — 46 2 — — With a related Allowance: Residential mortgage 5,706 80 7,439 75 5,731 160 7,184 152 Commercial — — — — 143 — — — Commercial real estate 567 11 751 8 694 20 1,276 14 ADC 132 2 344 6 134 4 1,117 11 Home equity/2nds 34 — 13 — 19 1 4 — Consumer 4 — 80 1 28 — 82 — Totals: Residential mortgage 12,903 161 15,306 163 12,681 320 17,008 326 Commercial — — 457 13 143 — 78 20 Commercial real estate 1,894 28 2,077 22 1,939 57 2,626 44 ADC 1,109 9 741 10 1,168 19 1,672 20 Home equity/2nds 868 17 1,298 12 863 31 487 20 Consumer 228 1 80 1 74 2 82 — There were $1.3 million and $1.4 million in consumer mortgage properties included in real estate acquired through foreclosure at June 30, 2019 and December 31, 2018, respectively. Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction totaled $2.3 million as of June 30, 2019 and $1.9 million as of December 31, 2018. Troubled Debt Restructure Loans (“TDR” or “TDRs”) Our portfolio of TDRs was accounted for under the following methods: June 30, 2019 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 35 $ 9,332 3 $ 422 38 $ 9,754 Commercial real estate 2 1,000 — — 2 1,000 ADC 1 132 — — 1 132 Consumer 3 73 — — 3 73 41 $ 10,537 3 $ 422 44 $ 10,959 December 31, 2018 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 36 $ 9,469 3 $ 446 39 $ 9,915 Commercial real estate 2 1,019 — — 2 1,019 ADC 1 134 — — 1 134 Consumer 3 76 — — 3 76 42 $ 10,698 3 $ 446 45 $ 11,144 There were no TDRs that defaulted during the three and six months ended June 30, 2019 or 2018 which were modified during the previous 12 month period. We did not modify any loans during the three and six months ended June 30, 2019 or 2018.

Regulatory Matters

Regulatory Matters	6 Months Ended
	Jun. 30, 2019
Regulatory Matters [Abstract]
Regulatory Matters	Note 4 - Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on our financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. In July 2013, federal bank regulatory agencies issued final results to revise their risk-based capital requirements and the method for calculating risk-weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act (“Basel III”). On January 1, 2015, the Basel III rules became effective and included transition provisions which implement certain portions of the rules through January 1, 2019. Under the final rules, the effects of certain accumulated other comprehensive income items are not excluded, however, banking organizations like us that are not considered “advanced approaches” banking organizations may make a one-time permanent election to continue to exclude these items. With the submission of the Call Report for the first quarter of 2015, we made this election in order to avoid significant variations in the level of capital that can be caused by interest rate fluctuations on the fair value of the Bank’s AFS securities portfolio. The Basel III rules also establish a “capital conservation buffer” of 2.5% above the regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 capital. An institution would be subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses to executive officers if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies are required to develop a “Community Bank Leverage Ratio” (the ratio of a bank’s tangible equity capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies may consider a financial institution’s risk profile when evaluating whether it qualifies as a community bank for purposes of the capital ratio requirement. The federal banking agencies must set the minimum capital for the new Community Bank Leverage Ratio at not less than 8% and not more than 10%. A financial institution can elect to be subject to this new definition. The federal banking agencies have proposed the Community Bank Leverage Ratio be set at 9%. However, until the federal banking agencies finalize the proposed rule, the Basel III rules remain in effect. As of the date of the last regulatory exam, the Bank was considered “well capitalized” and as of June 30, 2019, the Bank continued to meet the requirements to be considered “well capitalized” based on applicable U.S. regulatory capital ratio requirements. The Bank’s regulatory capital amounts and ratios were as follows: Minimum Minimum To be Well Requirements Requirements Capitalized Under for Capital Adequacy with Capital Prompt Corrective Actual Purposes Conservation Buffer Action Provision Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2019 (dollars in thousands) Common Equity Tier 1 Capital (to risk-weighted assets) $ 118,722 18.0 % $ 29,725 4.5 % $ 46,238 7.0 % $ 42,936 6.5 % Total capital (to risk-weighted assets) 126,919 19.2 % 52,844 8.0 % 69,358 10.5 % 66,055 10.0 % Tier 1 capital (to risk-weighted assets) 118,722 18.0 % 39,633 6.0 % 56,147 8.5 % 52,844 8.0 % Tier 1 capital (to average quarterly assets) 118,722 13.1 % 36,246 4.0 % 58,900 6.5 % 45,307 5.0 % December 31, 2018 Common Equity Tier 1 Capital (to risk-weighted assets) $ 114,749 17.4 % $ 29,651 4.5 % $ 42,006 6.4 % $ 42,830 6.5 % Total capital (to risk-weighted assets) 122,889 18.7 % 52,713 8.0 % 65,068 9.9 % 65,892 10.0 % Tier 1 capital (to risk-weighted assets) 114,749 17.4 % 39,535 6.0 % 51,890 7.9 % 52,713 8.0 % Tier 1 capital (to average quarterly assets) 114,749 13.5 % 33,932 4.0 % 49,838 5.9 % 42,415 5.0 %

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 5 - Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding for each period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options, warrants, and convertible preferred stock, and are determined using the treasury stock method. Not included in the diluted earnings per share calculation because they were anti-dilutive were 22,000 and 24,000 shares of common stock issuable upon exercise of outstanding stock options for the three and six months ended June 30, 2018, respectively, as well as an additional 437,500 shares of common stock that was issuable upon conversion of the Company’s Series A Preferred Stock. There were no anti-dilutive shares for the three or six months ended June 30, 2019. On April 2, 2018, the Company exercised its option to convert all 437,500 outstanding shares of Series A Preferred Stock into shares of the Company’s common stock. The conversion ratio was one share of Series A Preferred Stock for one share of common stock. As of April 2, 2018, the Series A Preferred Stock was no longer deemed outstanding and all rights with respect to such stock ceased and terminated. Information relating to the calculations of our income per common share is summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,775,123 12,684,711 12,774,191 12,463,132 Dilution 87,168 96,326 85,789 95,937 Weighted-average share outstanding - diluted 12,862,291 12,781,037 12,859,980 12,559,069 Net income available to common stockholders $ 2,176 $ 1,918 $ 4,785 $ 3,733 Net income per share - basic $ 0.17 $ 0.15 $ 0.37 $ 0.30 Net income per share - diluted $ 0.17 $ 0.15 $ 0.37 $ 0.30

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 6 - Stock-Based Compensation We have maintained a stock-based compensation plan for directors, officers, and other key employees of the Company. The aggregate number of shares of common stock that could be issued with respect to the awards granted under the plan was 500,000 plus any shares forfeited under the Company’s old stock-based compensation plan. Under the terms of the stock-based compensation plan, the Company had the ability to grant various stock compensation incentives, including stock options, stock appreciation rights, and restricted stock. The stock-based compensation was granted under terms and conditions determined by the Compensation Committee of the Board of Directors. Under the stock-based compensation plan, stock options generally had a maximum term of ten years, and were granted with an exercise price at least equal to the fair market value of the common stock on the date the options were granted. Generally, options granted to directors, officers, and employees of the Company vested over a five-year period, although the Compensation Committee had the authority to provide for different vesting schedules. The ability to grant new options from this plan expired in March of 2018. A new plan, with the same provisions and number of shares available for grant as the old plan was approved at the stockholders’ meeting in May of 2019. No shares have been granted from this plan as of June 30, 2019. We account for stock-based compensation in accordance with FASB ASC Topic 718, Compensation – Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense in the statement of operations at fair value. Additionally, we are required to recognize the expense of employee services received in share-based payment transactions and measure the expense based on the grant date fair value of the award. The expense is recognized over the period during which an employee is required to provide service in exchange for the award . Stock-based compensation expense included in the consolidated statements of operations for the three months ended June 30, 2019 and 2018 totaled $34,000 and $57,000, respectively. Stock-based compensation expense included in the consolidated statements of operations for the six months ended June 30, 2019 and 2018 totaled $77,000 and $113,000, respectively. Information regarding our stock-based compensation plan is as follows as of and for the six months ended June 30: 2019 2018 Weighted- Weighted- Weighted- Average Aggregate Weighted- Average Aggregate Average Remaining Intrinsic Average Remaining Intrinsic Number Exercise Contractual Value Number Exercise Contractual Value of Shares Price Term (in years) (in thousands) of Shares Price Term (in years) (in thousands) Outstanding at beginning of period 349,023 $ 6.32 434,025 $ 5.87 Granted — — 6,500 7.41 Exercised (15,561) 5.25 (24,002) 4.00 Forfeited (38,500) 6.41 (1,750) 5.26 Outstanding at end of period 294,962 $ 6.37 3.0 $ 684 414,773 $ 6.01 6.0 $ 1,096 Exercisable at end of period 179,200 $ 5.95 2.3 $ 492 209,998 $ 5.18 5.9 $ 730 The cash received from the exercise of stock options amounted to $41,000 for the three months ended June 30, 2018 and $81,000 and $97,000 for the six months ended June 30, 2019 and 2018, respectively. The stock-based compensation expense amounts and fair values of options at the time of the grants were derived using the Black-Scholes option-pricing model. The following weighted average assumptions were used to value options granted for the six months ended June 30, 2018. There were no options granted in 2019. Expected life 5.5 years Risk-free interest rate 2.67 % Expected volatility 32.20 % Expected dividend yield — Weighted average per share fair value of options granted $ 2.57 As of June 30, 2019, there was $353,000 of total unrecognized stock-based compensation expense related to nonvested stock options, which is expected to be recognized over the next 51 months.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 7 - Commitments and Contingencies Off-Balance Sheet Instruments The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financial needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit, which involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated statements of financial condition. The contract amounts of these instruments express the extent of involvement we have in each class of financial instruments. Our exposure to credit loss from nonperformance by the other party to the above mentioned financial instruments is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Unless otherwise noted, we require collateral or other security to support financial instruments with off-balance sheet credit risk. June 30, December 31, 2019 2018 (dollars in thousands) Standby letters of credit $ 3,398 $ 3,321 Home equity lines of credit 17,364 17,015 Unadvanced construction commitments 77,251 75,326 Mortgage loan commitments 829 1,649 Lines of credit 21,321 20,990 Loans sold and serviced with limited repurchase provisions 43,839 49,623 Standby letters of credit are conditional commitments issued by the Bank guaranteeing performance by a customer to various municipalities. These guarantees are issued primarily to support performance arrangements and are limited to real estate transactions. The majority of these standby letters of credit expire within twelve months, with automatic one year renewals. The Bank has the option to stop any automatic renewal. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending other loan commitments. The Bank requires collateral supporting these letters of credit as deemed necessary. Management believes, except for certain standby letters of credit, that the proceeds obtained through a liquidation of such collateral would be sufficient to cover the maximum potential amount of future payments required under the corresponding guarantees. The current amount of the liability as of June 30, 2019 and December 31, 2018 for guarantees under standby letters of credit issued was $36,000 and $42,000, respectively. Home equity lines of credit are loan commitments to individuals as long as there is no violation of any condition established in the contract. Commitments under home equity lines expire ten years after the date the loan closes and are secured by real estate. We evaluate each customer’s credit worthiness on a case-by-case basis. Unadvanced construction commitments are loan commitments made to borrowers for both residential and commercial projects that are either in process or are expected to begin construction shortly. Residential mortgage loan commitments at June 30, 2019 consisted of three loans totaling $829,000 . Such commitments at December 31, 2018 consisted of three loans totaling $1.6 million. Lines of credit are loan commitments to individuals and companies as long as there is no violation of any condition established in the contract. Lines of credit have a fixed expiration date. The Bank evaluates each customer’s credit worthiness on a case-by-case basis. The Bank has entered into several agreements to sell mortgage loans to third parties. These agreements contain limited provisions that require the Bank to repurchase a loan if the loan becomes delinquent within a period ranging generally from 120 to 180 days after the sale date depending on the investor agreement. The credit risk involved in these financial instruments is essentially the same as that involved in extending loan facilities to customers. We established a reserve for potential repurchases for these loans, which amounted to $106,000 at June 30, 2019 and $91,000 at December 31, 2018. We did not repurchase any loans during the six months ended June 30, 2019 or 2018. Other Contingencies The Company provides banking services to customers who do business in the medical-use cannabis industry. While the growing, processing, and sales of medical-use cannabis is legal in the state of Maryland, the business currently violates Federal law. The Company may be deemed to be aiding and abetting illegal activities through the services that it provides to these customers. The strict enforcement of Federal laws regarding medical-use cannabis would likely result in the Company’s inability to continue to provide banking services to these customers and the Company could have legal action taken against it by the Federal government, including imprisonment and fines. There is an uncertainty of the potential impact to the Company’s consolidated financial statements if the Federal government takes actions against the Company. As of June 30, 2019, the Company has not accrued an amount for the potential impact of any such actions. Following is a summary of the level of business activities with our medical-use cannabis customers: • Deposit and loan balances at June 30, 2019 were approximately $27.1 million, or 4.0% of total deposits, and $15.0 million, or 2.2% of total loans, respectively. Deposit and loan balances at December 31, 2018 were approximately $17.0 million, or 2.2% of total deposits, and $14.1 million, or 2.1% of total loans, respectively. • • • six months ended June 30, 2019 was approximately $56.6 million and $106.1 million, respectively. The volume of deposits in the accounts of medical-use cannabis customers for the three and six months ended June 30, 2018 was approximately $11.4 million and $29.3 million, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 8 - Fair Value of Financial Instruments A fair value hierarchy that prioritizes the inputs to valuation methods is used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair market hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. We record transfers between levels at the end of the reporting period in which the change in significant inputs occurs. Assets Measured on a Recurring Basis The following table presents fair value measurements for assets that are measured at fair value on a recurring basis as of and for the six months ended June 30, 2019: Significant Other Significant Total Changes Quoted Observable Unobservable In Fair Values Carrying Prices Inputs Inputs Included In Value (Level 1) (Level 2) (Level 3) Period Income Assets: (dollars in thousands) AFS Securities - U.S. Treasury notes $ 1,995 $ 1,995 $ — $ — $ — AFS Securities - U.S. government agency notes 9,036 — 9,036 — — Loans held for sale ("LHFS") 17,987 — 17,987 — 278 Mortgage servicing rights ("MSRs") 343 — — 343 (94) Interest-rate lock commitments ("IRLCs") 345 — — 345 245 Best efforts forward contracts 39 — 39 — 39 Liabilities: Mandatory forward contracts 36 — 36 — (20) The following table presents fair value measurements for assets and liabilities that are measured at fair value on a recurring basis as of and for the year ended December 31, 2018: Significant Other Significant Total Changes Quoted Observable Unobservable In Fair Values Carrying Prices Inputs Inputs Included In Value (Level 1) (Level 2) (Level 3) Period Income Assets: (dollars in thousands) AFS Securities - U.S. Treasury notes $ 1,981 $ 1,981 $ — $ — $ — AFS Securities - U.S. government agency notes 9,997 — 9,997 — — LHFS 9,686 — 9,686 — 192 MSRs 437 — — 437 (40) IRLCs 100 — — 100 78 Liabilities: Mandatory forward contracts 16 — 16 — (30) Best efforts forward contracts — — — — (3) The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value: Fair Value Valuation Unobservable Range Estimate Technique Input (Weighted-Average) June 30, 2019: (dollars in thousands) MSRs $ 343 Market Approach Weighted average prepayment speed 12.90 % IRLCs 345 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 83 % December 31, 2018: MSRs $ 437 Market Approach Weighted average prepayment speed 9.80 % IRLCs 100 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 84 % The following table shows the activity in the MSRs: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 400 $ 499 $ 437 $ 477 Valuation adjustment (57) 2 (94) 24 Ending balance $ 343 $ 501 $ 343 $ 501 The following table shows the activity in the IRLCs: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 335 $ 184 $ 100 $ 22 Valuation adjustment 10 (16) 245 146 Ending balance $ 345 $ 168 $ 345 $ 168 AFS Securities The estimated fair values of AFS debt securities are obtained from a nationally-recognized pricing service. This pricing service develops estimated fair values by analyzing like securities and applying available market information through processes such as benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing to prepare valuations. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the bond’s terms and conditions, among other things, and are based on market data obtained from sources independent from the Bank. U.S Treasury Securities are considered Level 1 and all of our other securities are considered Level 2. The Level 2 investments in the Bank’s portfolio are priced using those inputs that, based on the analysis prepared by the pricing service, reflect the assumptions that market participants would use to price the assets. The Bank has determined that the Level 2 designation is appropriate for these securities because, as with most fixed-income securities, those in the Bank’s portfolio are not exchange-traded, and such nonexchange-traded fixed income securities are typically priced by correlation to observed market data. LHFS LHFS are carried at fair value, which is determined based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements or third party pricing models. MSRs The fair value of MSRs is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a monthly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. IRLCs We utilize a third party specialist model to estimate the fair value of our IRLCs, which are valued based upon mandatory pricing quotes from correspondent lenders less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower. Forward Contracts To avoid interest rate risk, we enter into best efforts forward sales commitments with investors at the time we make an IRLC to a borrower. Once a loan has been closed and funded, the best efforts commitments convert to mandatory forward sales commitments. The mandatory commitments are derivatives, and the bank measures and reports them at fair value. Fair value is based on the gain or loss that would occur if we were to pair-off the transaction with the investor at the measurement date. This is a level 2 input. We have elected to measure and report best efforts commitments at fair value using a valuation methodology similar to that used for our mandatory commitments. Assets Measured on a Nonrecurring Basis We may be required, from time to time, to measure certain other assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from application of lower-of-cost-or-market value (“LCM”) accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of assets: June 30, 2019 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (dollars in thousands) Impaired loans $ 5,538 $ — $ — $ 5,538 0% - 15% 7 % Real estate acquired through foreclosure 625 — — 625 0% - 16% 16 % (1) Discount based on current market conditions and estimated selling costs December 31, 2018 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (dollars in thousands) Impaired loans $ 5,678 $ — $ — $ 5,678 0% - 16% 6.7 % (1) Discount based on current market conditions and estimated selling costs Impaired Loans Impaired loans are those for which we have measured impairment based on the present value of expected future cash flows or on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. If it is determined that the repayment of the loan will be provided solely by the underlying collateral, and there are no other available and reliable sources of repayment, the loan is considered collateral dependent. Impaired loans that are considered collateral dependent are carried at LCM. Collateral may be in the form of real estate or business assets including equipment, inventory, and/or accounts receivable. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and impaired loans are therefore classified within level 3 of the fair value hierarchy. For such loans that are classified as impaired, an Allowance is established when the present value of the expected future cash flows of the impaired loan is lower than the carrying value of that loan. For such impaired loans that are classified as collateral dependent, an Allowance is established when the current market value of the underlying collateral less its estimated disposal costs has not been finalized, but management determines that it is likely that the value is lower than the carrying value of that loan. Once the net collateral value has been determined, a charge-off is taken for the difference between the net collateral value and the carrying value of the loan. Real Estate Acquired Through Foreclosure We record foreclosed real estate assets at the fair value less estimated selling costs on their acquisition dates and at the lower of such initial amount or estimated fair value less estimated selling costs thereafter. We generally obtain certified external appraisals of real estate acquired through foreclosure and estimate fair value using those appraisals. Other valuation sources may be used, including broker price opinions, letters of intent, and executed sale agreements. Fair Value of All Financial Instruments The carrying value and fair value of all financial instruments are summarized in the following tables: June 30, 2019 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 77,337 $ 77,337 $ — $ — $ 77,337 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 11,031 1,995 9,036 — 11,031 HTM securities 33,562 2,015 31,693 — 33,708 LHFS 17,987 — 17,987 — 17,987 Loans receivable, net 671,480 — — 679,488 679,488 Restricted stock investments 2,857 — 2,857 — 2,857 Accrued interest receivable 2,605 — 2,605 — 2,605 ROU asset 2,494 — 2,494 — 2,494 MSRs 343 — — 343 343 IRLCs 345 — — 345 345 Best effort forward contracts 39 — 39 — 39 Liabilities: Deposits 685,416 — 683,846 — 683,846 Accrued interest payable 350 — 350 — 350 Borrowings 48,500 — 44,886 — 44,886 Subordinated debentures 20,619 — — 20,619 20,619 Lease liability 2,528 — 2,528 — 2,528 Mandatory forward contracts 36 — 36 — 36 December 31, 2018 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 188,340 $ 188,340 $ — $ — $ 188,340 Certificates of deposit held for investment 8,780 8,780 — — 8,780 AFS securities 11,978 1,981 9,997 — 11,978 HTM securities 38,912 2,008 36,204 — 38,212 LHFS 9,686 — 9,686 — 9,686 Loans receivable, net 674,305 — — 670,512 670,512 Restricted stock investments 3,766 — 3,766 — 3,766 Accrued interest receivable 2,848 — 2,848 — 2,848 MSRs 437 — — 437 437 IRLCs 100 — — 100 100 Liabilities: Deposits 779,506 — 778,313 — 778,313 Accrued interest payable 419 — 419 — 419 Borrowings 73,500 — 69,210 — 69,210 Subordinated debentures 20,619 — — 20,619 20,619 Mandatory forward contracts 16 — 16 — 16 At June 30, 2019 and December 31, 2018 the Bank had loan funding commitments of $116.8 million and $115.0 million, respectively, and standby letters of credit outstanding of $3.4 million and $3.3 million, respectively. The fair value of these commitments is nominal. Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about financial instruments. These estimates do not reflect any premium or discount that could result from a one-time sale of our total holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect estimates. The above information should not be interpreted as an estimate of the fair value of the Company since a fair value calculation is only provided for a limited portion of our assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between our disclosures and those of other companies may not be meaningful. There were no transfers between any of Levels 1, 2 and 3 for the six months ended June 30, 2019 or 2018 or for the year ended December 31, 2018.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases
Leases	Note 9 - Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, we adopted ASU No. 2016-02 “Leases” (“Topic 842”) and all subsequent ASUs that modified Topic 842. For us, Topic 842 primarily affected the accounting treatment for operating lease agreements in which we are the lessee. Substantially all of the leases in which we are the lessee are comprised of real estate property for branches, ATM locations, office equipment, and office space with terms extending through 2035. All of our leases are classified as operating leases, and therefore, were previously not recognized on the our consolidated statements of financial condition. With the adoption of Topic 842, operating lease agreements are required to be recognized on the consolidated statements of financial condition as an ROU asset and a corresponding lease liability. The following table represents the consolidated statements of financial condition classification of our ROU assets and lease liabilities, included in other assets and other liabilities, respectively. We elected not to include short-term leases (i.e., leases with initial terms of twelve months or less) on the consolidated statements of financial condition. June 30, 2019 (dollars in thousands) Lease ROU assets $ 2,494 Lease liabilities 2,528 The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. Our lease agreements often include one or more options to renew at our discretion. If at lease inception, we consider the exercising of a renewal option to be reasonably certain we will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, we utilize our incremental borrowing rate at lease inception over a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. The weighted-average remaining lease term was 11.8 years and the weighted-average discount rate was 3.25% as of June 30, 2019. The following table represents lease costs and other lease information. As we elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance and utilities. Variable lease cost also includes payments for ATM location leases in which payments are based on a percentage of ATM transactions (i.e., ATM surcharge fees), rather than a fixed amount. Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 (dollars in thousands) Operating lease costs $ 106 $ 213 Variable lease cost — — Total lease cost 106 213 Cash paid on operating lease liabilities amounted to $79,000 and $159,000 for the three and six months ended June 30, 2019 and 2018, respectively. Future minimum payments for finance leases and operating leases with initial or remaining terms of one year or more were as follows: June 30, 2019 Lease payments due: (dollars in thousands) June 30, 2020 $ 351 June 30, 2021 315 June 30, 2022 293 June 30, 2023 269 June 30, 2024 223 Thereafter 1,682 Total future minimum lease payments 3,133 Amounts representing interest (605) Present value of net future minimum lease payments 2,528

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of Severn Bancorp, Inc. and subsidiaries (the “Company”) conform to accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 8‑01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. In the opinion of management, all adjustments (comprising only of those of a normal recurring nature) necessary for a fair presentation of the results of operations for the interim periods presented have been made. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 or any other interim or future period. Events occurring after the date of the financial statements up to the date the financial statements were available to be issued were considered in the preparation of the consolidated financial statements. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2018 Annual Report on Form 10‑K as filed with the Securities and Exchange Commission (“SEC”).
Principles of Consolidation	Principles of Consolidation The unaudited consolidated financial statements include the accounts of Severn Bancorp, Inc., and its wholly-owned subsidiaries, Mid-Maryland Title Company, Inc., SBI Mortgage Company, and Severn Savings Bank, FSB (the “Bank”), along with the Bank’s subsidiaries, Louis Hyatt, Inc., Homeowners Title and Escrow Corporation, Severn Financial Services Corporation, SSB Realty Holdings, LLC, SSB Realty Holdings II, LLC, and HS West, LLC. Also included are the accounts of SBI Mortgage Company’s subsidiary, Crownsville Development Corporation, and its subsidiary, Crownsville Holdings I, LLC. All intercompany accounts and transactions have been eliminated in the accompanying consolidated financial statements.
Cash Flows	Cash Flows We consider all highly liquid securities with original maturities of three months or less to be cash equivalents. For reporting purposes, assets grouped in the Consolidated Statements of Financial Condition under the captions “Cash and due from banks” and “Federal funds sold and interest-bearing deposits in other banks” are considered cash or cash equivalents. For financial statement purposes, these assets are carried at cost. Federal funds sold and interest-bearing deposits in other banks generally have overnight maturities and are in excess of amounts that would be recoverable under Federal Deposit Insurance Corporation (“FDIC”) insurance.
Reclassifications	Reclassifications Certain reclassifications have been made to amounts previously reported to conform to current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncements Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016‑02, Leases , which requires a lessee to recognize the assets and liabilities that arise from all leases with a term greater than 12 months. The core principle requires the lessee to recognize a liability to make lease payments and a right-of-use (“ROU”) asset. The accounting applied by the lessor is relatively unchanged. The ASU also requires expanded qualitative and quantitative disclosures. For public business entities, the guidance was effective for interim and annual reporting periods beginning after December 15, 2018 and mandates a modified retrospective transition for all entities. We adopted this standard using the option to apply the transition provisions of the new standard at the adoption date instead of the earliest period presented as provided in ASU 2018-11. Additionally, we elected to apply all practical expedients as provided in ASU 2016-02, with the exception of the hindsight practical expedient which was not elected. As a result of the adoption of this standard, effective January 1, 2019, we recognized both an ROU asset and a lease liability of $2.7 million to be recorded in other assets and other liabilities, respectively, on the balance sheet. The lease liability represents the present value of the future payments on five leased properties and six leased pieces of equipment within the Company’s footprint, while the ROU asset reflects the lease liability adjusted for deferred rent balances of the respective properties as of the adoption date of January 1, 2019. The Company expects its regulatory capital ratios to remain above the thresholds necessary to be classified as a “well capitalized” institution. In March 2017, FASB issued ASU No. 2017‑08, Receivables - Nonrefundable Fees and Other costs, which provides guidance that called for the shortening of the amortization period for certain callable debt securities held at a premium. The standard was effective for interim and annual reporting periods beginning after December 15, 2018. The adoption of ASC No. 2017‑08 did not have a material impact on our financial position, results of operations, or cash flows. In February 2018, FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income , which allowed a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The ASU is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The adoption of ASU No. 2018-02 did not have a material impact on its financial position, results of operations, or cash flows. Pronouncements Issued In June 2016, FASB issued ASU No. 2016‑13, Financial Instruments – Credit Losses , which sets forth a current expected credit loss (“CECL”) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In July 2019, the FASB issued a proposal to delay the implementation for smaller reporting companies such as us until January 2023; however, that proposal is not final as of the filing of this Quarterly Report on Form 10-Q. We have contracted with a third party vendor to assist in the transition to CECL. The Bank has purchased the third party vendor’s CECL software and has separately contracted with their advisory services group to help with the installation and transition. As the Bank has been using other software of this specific vendor, they have access to the Bank’s historical data. The third party vendor has been analyzing the Bank’s data, and the Bank has been updating the data to provide the information necessary for CECL calculations. The third party vendor has also begun determining which economic factors are most directly responsible for losses. They have started to recommend pools to be used for CECL calculations, and appropriate methods (as proscribed by CECL) to calculate the reserve for the various pools. As the third party vendor has many financial institution clients, they will be able to provide peer group data to the extent the Bank’s data is not sufficient to make the many determinations required under CECL. The current plan is to be running the CECL and the incurred loss model in parallel during the fourth quarter of 2019 and be in position to completely transition to CECL by the required date. While we are currently in the process of evaluating the impact of the amended guidance on our Consolidated Financial Statements, it is quite possible that the Allowance will increase upon adoption given that the Allowance will be required to cover the full remaining expected life of the portfolio upon adoption, rather than the incurred loss model under current GAAP. The extent of this increase is still being evaluated and will depend on economic conditions and the composition of our loan and lease portfolio at the time of adoption.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Securities [Abstract]
Amortized cost and fair value of investment securities AFS	The amortized cost and fair values of our available-for-sale (“AFS”) securities portfolio were as follows: June 30, 2019 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. Treasury securities $ 1,997 $ — $ 2 $ 1,995 U.S. government agency notes 9,051 — 15 9,036 $ 11,048 $ — $ 17 $ 11,031 December 31, 2018 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. Treasury securities $ 1,992 $ — $ 11 $ 1,981 U.S. government agency notes 10,086 — 89 9,997 $ 12,078 $ — $ 100 $ 11,978
Amortized cost and fair value of investment securities held to maturity	The amortized cost and fair values of our held-to-maturity (“HTM”) securities portfolio were as follows: June 30, 2019 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 1,992 $ 23 $ — $ 2,015 U.S. government agency notes 8,989 103 24 9,068 Mortgage-backed securities 22,581 83 39 22,625 $ 33,562 $ 209 $ 63 $ 33,708 December 31, 2018 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 1,991 $ 17 $ — $ 2,008 U.S. government agency notes 11,992 45 92 11,945 Mortgage-backed securities 24,929 6 676 24,259 $ 38,912 $ 68 $ 768 $ 38,212
Schedule of AFS securities in an unrealized loss position	Gross unrealized losses and fair value by length of time that the individual AFS securities have been in an unrealized loss position at the dates indicated are presented in the following tables: June 30, 2019 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. Treasury securities — $ — $ — 2 $ 1,995 $ 2 2 $ 1,995 $ 2 U.S. government agency notes — — — 7 9,036 15 7 9,036 15 — $ — $ — 9 $ 11,031 $ 17 9 $ 11,031 $ 17 December 31, 2018 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. Treasury securities 1 $ 990 $ 5 1 $ 991 $ 6 2 $ 1,981 $ 11 U.S. government agency notes — — — 8 9,997 89 8 9,997 89 1 $ 990 $ 5 9 $ 10,988 $ 95 10 $ 11,978 $ 100
Schedule of temporary impairment losses	Gross unrealized losses and fair value by length of time that the individual HTM securities have been in an unrealized loss position at the dates indicated are presented in the following tables: June 30, 2019 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. government agency notes — $ — $ — 7 $ 6,989 $ 24 7 $ 6,989 $ 24 Mortgage-backed securities — — — 6 7,643 39 6 7,643 39 — $ — $ — 13 $ 14,632 $ 63 13 $ 14,632 $ 63 December 31, 2018 Less than 12 months 12 months or more Total # of Fair Unrealized # of Fair Unrealized # of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses (dollars in thousands) U.S. government agency notes — $ — $ — 10 $ 9,927 $ 92 10 9,927 92 Mortgage-backed securities — — — 18 24,011 676 18 24,011 676 — $ — $ — 28 $ 33,938 $ 768 28 $ 33,938 $ 768
Amortized cost and estimated fair value of debt securities	Contractual maturities of debt securities at June 30, 2019 are shown below. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. AFS Securities HTM Securities Amortized Fair Amortized Fair Cost Value Cost Value (dollars in thousands) Due in one year or less $ 10,033 $ 10,019 $ 7,004 $ 6,993 Due after one through five years 1,015 1,012 3,977 4,090 Mortgage-backed securities — — 22,581 22,625 $ 11,048 $ 11,031 $ 33,562 $ 33,708

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Loans Receivable and Allowance for Loan Losses [Abstract]
Summary of loans receivable	Loans receivable are summarized as follows: June 30, 2019 December 31, 2018 (dollars in thousands) Residential mortgage $ 276,013 $ 276,389 Commercial 45,347 35,884 Commercial real estate 238,699 244,088 Construction, land acquisition, and development 108,182 114,540 Home equity/2nds 12,581 13,386 Consumer 1,621 1,087 Total loans receivable 682,443 685,374 Unearned loan fees (2,870) (3,025) Loans receivable $ 679,573 $ 682,349
Changes in allowance for loan losses and recorded investment	The following tables present, by portfolio segment, the changes in the Allowance and the recorded investment in loans: Three Months Ended June 30, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Charge-offs (20) — — — — (12) — (32) Recoveries 3 — 33 — 4 — — 40 Net (charge-offs) recoveries (17) — 33 — 4 (12) — 8 Provision for (reversal of) loan losses 11 (174) 47 104 (23) 11 24 — Ending Balance $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Three Months Ended June 30, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 3,301 $ 514 $ 2,995 $ 1,060 $ 297 $ 2 $ — $ 8,169 Charge-offs (37) — — — — — — (37) Recoveries 1 — 122 — 2 — — 125 Net (charge-offs) recoveries (36) — 122 — 2 — — 88 (Reversal of) provision for loan losses (303) (100) (526) 1,000 (70) (1) — — Ending Balance $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Six Months Ended June 30, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,224 $ 2,736 $ 457 $ 2,239 $ 222 $ 1 $ 165 $ 8,044 Charge-offs (20) — — — — (12) — (32) Recoveries 8 — 67 — 6 — — 81 Net (charge-offs) recoveries (12) — 67 — 6 (12) — 49 Provision for (reversal of) loan losses 354 (1,170) 268 444 (5) 11 98 — Ending Balance $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Ending balance - individually evaluated for impairment $ 889 $ — $ 67 $ 32 $ 24 $ — $ — $ 1,012 Ending balance - collectively evaluated for impairment 1,677 1,566 725 2,651 199 — 263 7,081 $ 2,566 $ 1,566 $ 792 $ 2,683 $ 223 $ — $ 263 $ 8,093 Ending loan balance -individually evaluated for impairment $ 13,205 $ — $ 1,889 $ 1,119 $ 859 $ 72 $ 17,144 Ending loan balance -collectively evaluated for impairment 261,269 45,347 235,479 107,063 11,722 1,549 662,429 $ 274,474 $ 45,347 $ 237,368 $ 108,182 $ 12,581 $ 1,621 $ 679,573 December 31, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Ending balance - individually evaluated for impairment $ 927 $ 430 $ 142 $ 32 $ 2 $ — $ — $ 1,533 Ending balance - collectively evaluated for impairment 1,297 2,306 315 2,207 220 1 165 6,511 $ 2,224 $ 2,736 $ 457 $ 2,239 $ 222 $ 1 $ 165 $ 8,044 Ending loan balance - individually evaluated for impairment $ 12,579 $ 430 $ 1,992 $ 1,278 $ 871 $ 76 $ 17,226 Ending loan balance - collectively evaluated for impairment 262,180 35,454 240,701 113,262 12,515 1,011 665,123 $ 274,759 $ 35,884 $ 242,693 $ 114,540 $ 13,386 $ 1,087 $ 682,349 Six Months Ended June 30, 2018 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 3,099 $ 527 $ 2,805 $ 1,236 $ 386 $ 2 $ — $ 8,055 Charge-offs (360) — — (13) — — — (373) Recoveries 222 — 333 — 20 — — 575 Net (charge-offs) recoveries (138) — 333 (13) 20 — — 202 Provision for (reversal of) loan losses 1 (113) (547) 837 (177) (1) — — Ending Balance $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Ending balance - individually evaluated for impairment $ 1,295 $ — $ 153 $ 1,002 $ 2 $ 1 $ — $ 2,453 Ending balance - collectively evaluated for impairment 1,667 414 2,438 1,058 227 — — 5,804 $ 2,962 $ 414 $ 2,591 $ 2,060 $ 229 $ 1 $ — $ 8,257 Ending loan balance - individually evaluated for impairment $ 15,926 $ 300 $ 2,003 $ 3,046 $ 1,461 $ 80 $ 22,816 Ending loan balance - collectively evaluated for impairment 273,503 42,318 230,835 104,518 11,976 946 664,096 $ 289,429 $ 42,618 $ 232,838 $ 107,564 $ 13,437 $ 1,026 $ 686,912
Credit quality breakdown of loan portfolio by class	The following tables present the credit quality breakdown of our loan portfolio by class: June 30, 2019 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 270,573 $ — $ 3,901 $ 274,474 Commercial 44,139 1,208 — 45,347 Commercial real estate 232,597 3,088 1,683 237,368 ADC 107,351 — 831 108,182 Home equity/2nds 11,990 418 173 12,581 Consumer 1,621 — — 1,621 $ 668,271 $ 4,714 $ 6,588 $ 679,573 December 31, 2018 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 270,727 $ 827 $ 3,205 $ 274,759 Commercial 35,435 19 430 35,884 Commercial real estate 237,387 3,523 1,783 242,693 ADC 113,072 — 1,468 114,540 Home equity/2nds 12,536 434 416 13,386 Consumer 1,087 — — 1,087 $ 670,244 $ 4,803 $ 7,302 $ 682,349
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans: June 30, 2019 30-59 60-89 90+ Days Days Days Total Non- Past Due Past Due Past Due Past Due Current Total Accrual (dollars in thousands) Residential mortgage $ 531 $ — $ 2,148 $ 2,679 $ 271,795 $ 274,474 $ 3,288 Commercial — — — — 45,347 45,347 — Commercial real estate — — 452 452 236,916 237,368 779 ADC — — 388 388 107,794 108,182 388 Home equity/2nds — — 173 173 12,408 12,581 429 Consumer 16 — 3 19 1,602 1,621 3 $ 547 $ — $ 3,164 $ 3,711 $ 675,862 $ 679,573 $ 4,887 December 31, 2018 30-59 60-89 90+ Days Days Days Total Non- Past Due Past Due Past Due Past Due Current Total Accrual (dollars in thousands) Residential mortgage $ 1,060 $ — $ 1,794 $ 2,854 $ 271,905 $ 274,759 $ 2,580 Commercial — — 430 430 35,454 35,884 430 Commercial real estate 137 — 660 797 241,896 242,693 660 ADC 255 — 387 642 113,898 114,540 558 Home equity/2nds 96 — 428 524 12,862 13,386 428 Consumer 13 — — 13 1,074 1,087 — $ 1,561 $ — $ 3,699 $ 5,260 $ 677,089 $ 682,349 $ 4,656
Summary of Impaired loans	The following tables summarize impaired loans: June 30, 2019 December 31, 2018 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 7,740 $ 7,513 $ — $ 7,054 $ 6,808 $ — Commercial — — — — — — Commercial real estate 1,365 1,325 — 1,244 1,206 — ADC 988 987 — 1,142 1,143 — Home equity/2nds 1,308 825 — 1,290 859 — Consumer 69 68 — 76 76 — With a related Allowance: Residential mortgage 5,812 5,692 889 5,888 5,771 927 Commercial — — — 476 430 430 Commercial real estate 564 564 67 795 786 142 ADC 132 132 32 135 135 32 Home equity/2nds 35 34 24 13 12 2 Consumer 4 4 — — — — Totals: Residential mortgage 13,552 13,205 889 12,942 12,579 927 Commercial — — — 476 430 430 Commercial real estate 1,929 1,889 67 2,039 1,992 142 ADC 1,120 1,119 32 1,277 1,278 32 Home equity/2nds 1,343 859 24 1,303 871 2 Consumer 73 72 — 76 76 — Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 7,197 $ 81 $ 7,867 $ 88 $ 6,950 $ 160 $ 9,824 $ 174 Commercial — — 457 13 — — 78 20 Commercial real estate 1,327 17 1,326 14 1,245 37 1,350 30 ADC 977 7 397 4 1,034 15 555 9 Home equity/2nds 834 17 1,285 12 844 30 483 20 Consumer 224 1 — — 46 2 — — With a related Allowance: Residential mortgage 5,706 80 7,439 75 5,731 160 7,184 152 Commercial — — — — 143 — — — Commercial real estate 567 11 751 8 694 20 1,276 14 ADC 132 2 344 6 134 4 1,117 11 Home equity/2nds 34 — 13 — 19 1 4 — Consumer 4 — 80 1 28 — 82 — Totals: Residential mortgage 12,903 161 15,306 163 12,681 320 17,008 326 Commercial — — 457 13 143 — 78 20 Commercial real estate 1,894 28 2,077 22 1,939 57 2,626 44 ADC 1,109 9 741 10 1,168 19 1,672 20 Home equity/2nds 868 17 1,298 12 863 31 487 20 Consumer 228 1 80 1 74 2 82 —
Schedule of Troubled Debt Restructure Loans	June 30, 2019 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 35 $ 9,332 3 $ 422 38 $ 9,754 Commercial real estate 2 1,000 — — 2 1,000 ADC 1 132 — — 1 132 Consumer 3 73 — — 3 73 41 $ 10,537 3 $ 422 44 $ 10,959 December 31, 2018 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 36 $ 9,469 3 $ 446 39 $ 9,915 Commercial real estate 2 1,019 — — 2 1,019 ADC 1 134 — — 1 134 Consumer 3 76 — — 3 76 42 $ 10,698 3 $ 446 45 $ 11,144

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2019
Regulatory Matters [Abstract]
Bank's actual capital amounts and ratios	The Bank’s regulatory capital amounts and ratios were as follows: Minimum Minimum To be Well Requirements Requirements Capitalized Under for Capital Adequacy with Capital Prompt Corrective Actual Purposes Conservation Buffer Action Provision Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2019 (dollars in thousands) Common Equity Tier 1 Capital (to risk-weighted assets) $ 118,722 18.0 % $ 29,725 4.5 % $ 46,238 7.0 % $ 42,936 6.5 % Total capital (to risk-weighted assets) 126,919 19.2 % 52,844 8.0 % 69,358 10.5 % 66,055 10.0 % Tier 1 capital (to risk-weighted assets) 118,722 18.0 % 39,633 6.0 % 56,147 8.5 % 52,844 8.0 % Tier 1 capital (to average quarterly assets) 118,722 13.1 % 36,246 4.0 % 58,900 6.5 % 45,307 5.0 % December 31, 2018 Common Equity Tier 1 Capital (to risk-weighted assets) $ 114,749 17.4 % $ 29,651 4.5 % $ 42,006 6.4 % $ 42,830 6.5 % Total capital (to risk-weighted assets) 122,889 18.7 % 52,713 8.0 % 65,068 9.9 % 65,892 10.0 % Tier 1 capital (to risk-weighted assets) 114,749 17.4 % 39,535 6.0 % 51,890 7.9 % 52,713 8.0 % Tier 1 capital (to average quarterly assets) 114,749 13.5 % 33,932 4.0 % 49,838 5.9 % 42,415 5.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings per share reconciliation	Information relating to the calculations of our income per common share is summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,775,123 12,684,711 12,774,191 12,463,132 Dilution 87,168 96,326 85,789 95,937 Weighted-average share outstanding - diluted 12,862,291 12,781,037 12,859,980 12,559,069 Net income available to common stockholders $ 2,176 $ 1,918 $ 4,785 $ 3,733 Net income per share - basic $ 0.17 $ 0.15 $ 0.37 $ 0.30 Net income per share - diluted $ 0.17 $ 0.15 $ 0.37 $ 0.30

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation [Abstract]
Information regarding stock option plan	Information regarding our stock-based compensation plan is as follows as of and for the six months ended June 30: 2019 2018 Weighted- Weighted- Weighted- Average Aggregate Weighted- Average Aggregate Average Remaining Intrinsic Average Remaining Intrinsic Number Exercise Contractual Value Number Exercise Contractual Value of Shares Price Term (in years) (in thousands) of Shares Price Term (in years) (in thousands) Outstanding at beginning of period 349,023 $ 6.32 434,025 $ 5.87 Granted — — 6,500 7.41 Exercised (15,561) 5.25 (24,002) 4.00 Forfeited (38,500) 6.41 (1,750) 5.26 Outstanding at end of period 294,962 $ 6.37 3.0 $ 684 414,773 $ 6.01 6.0 $ 1,096 Exercisable at end of period 179,200 $ 5.95 2.3 $ 492 209,998 $ 5.18 5.9 $ 730
Stock options valuation assumptions	Expected life 5.5 years Risk-free interest rate 2.67 % Expected volatility 32.20 % Expected dividend yield — Weighted average per share fair value of options granted $ 2.57

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies [Abstract]
Schedule of commitments and guarantees	June 30, December 31, 2019 2018 (dollars in thousands) Standby letters of credit $ 3,398 $ 3,321 Home equity lines of credit 17,364 17,015 Unadvanced construction commitments 77,251 75,326 Mortgage loan commitments 829 1,649 Lines of credit 21,321 20,990 Loans sold and serviced with limited repurchase provisions 43,839 49,623

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value of Financial Instruments [Abstract]
Schedule of fair value measurements for assets and liabilities on a recurring basis	The following table presents fair value measurements for assets that are measured at fair value on a recurring basis as of and for the six months ended June 30, 2019: Significant Other Significant Total Changes Quoted Observable Unobservable In Fair Values Carrying Prices Inputs Inputs Included In Value (Level 1) (Level 2) (Level 3) Period Income Assets: (dollars in thousands) AFS Securities - U.S. Treasury notes $ 1,995 $ 1,995 $ — $ — $ — AFS Securities - U.S. government agency notes 9,036 — 9,036 — — Loans held for sale ("LHFS") 17,987 — 17,987 — 278 Mortgage servicing rights ("MSRs") 343 — — 343 (94) Interest-rate lock commitments ("IRLCs") 345 — — 345 245 Best efforts forward contracts 39 — 39 — 39 Liabilities: Mandatory forward contracts 36 — 36 — (20) The following table presents fair value measurements for assets and liabilities that are measured at fair value on a recurring basis as of and for the year ended December 31, 2018: Significant Other Significant Total Changes Quoted Observable Unobservable In Fair Values Carrying Prices Inputs Inputs Included In Value (Level 1) (Level 2) (Level 3) Period Income Assets: (dollars in thousands) AFS Securities - U.S. Treasury notes $ 1,981 $ 1,981 $ — $ — $ — AFS Securities - U.S. government agency notes 9,997 — 9,997 — — LHFS 9,686 — 9,686 — 192 MSRs 437 — — 437 (40) IRLCs 100 — — 100 78 Liabilities: Mandatory forward contracts 16 — 16 — (30) Best efforts forward contracts — — — — (3)
Schedule of additional quantitative information about assets measured at fair value on a recurring basis	The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value: Fair Value Valuation Unobservable Range Estimate Technique Input (Weighted-Average) June 30, 2019: (dollars in thousands) MSRs $ 343 Market Approach Weighted average prepayment speed 12.90 % IRLCs 345 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 83 % December 31, 2018: MSRs $ 437 Market Approach Weighted average prepayment speed 9.80 % IRLCs 100 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 84 %
Schedule of activity of servicing assets at fair value	The following table shows the activity in the MSRs: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 400 $ 499 $ 437 $ 477 Valuation adjustment (57) 2 (94) 24 Ending balance $ 343 $ 501 $ 343 $ 501 The following table shows the activity in the IRLCs: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (dollars in thousands) Beginning balance $ 335 $ 184 $ 100 $ 22 Valuation adjustment 10 (16) 245 146 Ending balance $ 345 $ 168 $ 345 $ 168
Schedule of assets measured at fair value on a nonrecurring basis	For assets measured at fair value on a nonrecurring basis, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of assets: June 30, 2019 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (dollars in thousands) Impaired loans $ 5,538 $ — $ — $ 5,538 0% - 15% 7 % Real estate acquired through foreclosure 625 — — 625 0% - 16% 16 % (1) Discount based on current market conditions and estimated selling costs December 31, 2018 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (dollars in thousands) Impaired loans $ 5,678 $ — $ — $ 5,678 0% - 16% 6.7 % (1) Discount based on current market conditions and estimated selling costs
Estimated fair values of financial instruments	The carrying value and fair value of all financial instruments are summarized in the following tables: June 30, 2019 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 77,337 $ 77,337 $ — $ — $ 77,337 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 11,031 1,995 9,036 — 11,031 HTM securities 33,562 2,015 31,693 — 33,708 LHFS 17,987 — 17,987 — 17,987 Loans receivable, net 671,480 — — 679,488 679,488 Restricted stock investments 2,857 — 2,857 — 2,857 Accrued interest receivable 2,605 — 2,605 — 2,605 ROU asset 2,494 — 2,494 — 2,494 MSRs 343 — — 343 343 IRLCs 345 — — 345 345 Best effort forward contracts 39 — 39 — 39 Liabilities: Deposits 685,416 — 683,846 — 683,846 Accrued interest payable 350 — 350 — 350 Borrowings 48,500 — 44,886 — 44,886 Subordinated debentures 20,619 — — 20,619 20,619 Lease liability 2,528 — 2,528 — 2,528 Mandatory forward contracts 36 — 36 — 36 December 31, 2018 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 188,340 $ 188,340 $ — $ — $ 188,340 Certificates of deposit held for investment 8,780 8,780 — — 8,780 AFS securities 11,978 1,981 9,997 — 11,978 HTM securities 38,912 2,008 36,204 — 38,212 LHFS 9,686 — 9,686 — 9,686 Loans receivable, net 674,305 — — 670,512 670,512 Restricted stock investments 3,766 — 3,766 — 3,766 Accrued interest receivable 2,848 — 2,848 — 2,848 MSRs 437 — — 437 437 IRLCs 100 — — 100 100 Liabilities: Deposits 779,506 — 778,313 — 778,313 Accrued interest payable 419 — 419 — 419 Borrowings 73,500 — 69,210 — 69,210 Subordinated debentures 20,619 — — 20,619 20,619 Mandatory forward contracts 16 — 16 — 16

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases
Summary of consolidated statements of financial condition classification of our ROU assets and lease liabilities	June 30, 2019 (dollars in thousands) Lease ROU assets $ 2,494 Lease liabilities 2,528
Summary of lease cost	Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 (dollars in thousands) Operating lease costs $ 106 $ 213 Variable lease cost — — Total lease cost 106 213
Summary of future minimum payments for finance leases and operating leases	June 30, 2019 Lease payments due: (dollars in thousands) June 30, 2020 $ 351 June 30, 2021 315 June 30, 2022 293 June 30, 2023 269 June 30, 2024 223 Thereafter 1,682 Total future minimum lease payments 3,133 Amounts representing interest (605) Present value of net future minimum lease payments 2,528

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)	Jan. 01, 2019USD ($)item
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease, Practical Expedients, Package [true false]	true
Lease, Practical Expedient, Use of Hindsight [true false]	false
Right-of use assets for operating leases	$ 2,494
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets
Lease liabilities for operating leases	$ 2,528
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Other Accrued Liabilities
Number of leased properties | item		5
Number of leased pieces of equipment | item		6
ASU 2016‑02 | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of use assets for operating leases		$ 2,700
Lease liabilities for operating leases		$ 2,700

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	$ 11,048	$ 12,078
Unrealized Losses	17	100
Securities available for sale, at fair value	11,031	11,978
U.S. Treasury Securities [Member]
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	1,997	1,992
Unrealized Losses	2	11
Securities available for sale, at fair value	1,995	1,981
U.S. Government Agency Notes [Member]
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	9,051	10,086
Unrealized Losses	15	89
Securities available for sale, at fair value	$ 9,036	$ 9,997

Securities, Held-to-maturity Se

Securities, Held-to-maturity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	$ 33,562	$ 38,912
Unrealized Gains	209	68
Unrealized Losses	63	768
Fair Value	$ 33,708	$ 38,212
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
12 Months or Longer Securities	13	28
Total Securities	13	28
Fair Value [Abstract]
12 Months or More, Fair Value	$ 14,632	$ 33,938
Total, Estimated Fair Value	14,632	33,938
Unrealized Losses [Abstract]
12 Months or More, Unrealized Losses	63	768
Total, Unrealized Losses	63	768
U.S. Treasury Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	1,992	1,991
Unrealized Gains	23	17
Fair Value	2,015	2,008
U.S. Government Agency Notes [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	8,989	11,992
Unrealized Gains	103	45
Unrealized Losses	24	92
Fair Value	$ 9,068	$ 11,945
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
12 Months or Longer Securities	7	10
Total Securities	7	10
Fair Value [Abstract]
12 Months or More, Fair Value	$ 6,989	$ 9,927
Total, Estimated Fair Value	6,989	9,927
Unrealized Losses [Abstract]
12 Months or More, Unrealized Losses	24	92
Total, Unrealized Losses	24	92
Mortgage-backed Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	22,581	24,929
Unrealized Gains	83	6
Unrealized Losses	39	676
Fair Value	$ 22,625	$ 24,259
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
12 Months or Longer Securities	6	18
Total Securities	6	18
Fair Value [Abstract]
12 Months or More, Fair Value	$ 7,643	$ 24,011
Total, Estimated Fair Value	7,643	24,011
Unrealized Losses [Abstract]
12 Months or More, Unrealized Losses	39	676
Total, Unrealized Losses	$ 39	$ 676

Securities, Available-for-sale

Securities, Available-for-sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Less than 12 months Securities		1
12 months or more securities	9	9
Total Securities	9	10
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value		$ 990
12 Months or More, Fair Value	$ 11,031	10,988
Total, Estimated Fair Value	11,031	11,978
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Losses		5
12 Months or More, Unrealized Losses	17	95
Total, Unrealized Losses	$ 17	$ 100
U.S. Treasury Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Less than 12 months Securities		1
12 months or more securities	2	1
Total Securities	2	2
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value		$ 990
12 Months or More, Fair Value	$ 1,995	991
Total, Estimated Fair Value	1,995	1,981
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Losses		5
12 Months or More, Unrealized Losses	2	6
Total, Unrealized Losses	$ 2	$ 11
U.S. Government Agency Notes [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
12 months or more securities	7	8
Total Securities	7	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
12 Months or More, Fair Value	$ 9,036	$ 9,997
Total, Estimated Fair Value	9,036	9,997
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
12 Months or More, Unrealized Losses	15	89
Total, Unrealized Losses	$ 15	$ 89

Securities, Available For Sale

Securities, Available For Sale securities and Held-to-maturity Securities (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)security	Jun. 30, 2018security	Jun. 30, 2019USD ($)security	Jun. 30, 2018security	Dec. 31, 2018USD ($)
Amortized Cost [Abstract]
Due in one year or less	$ 10,033		$ 10,033
Due after one through five years	1,015		1,015
Amortized Cost	11,048		11,048		$ 12,078
Estimated Fair Value [Abstract]
Due in one year or less	10,019		10,019
Due after one through five years	1,012		1,012
Fair Value	11,031		11,031		11,978
Amortized Cost [Abstract]
Due in one year or less	7,004		7,004
Due after one through five years	3,977		3,977
Mortgage-backed securities	22,581		22,581
Amortized Cost	33,562		33,562		38,912
Estimated Fair Value [Abstract]
Due in one year or less	6,993		6,993
Due after one through five years	4,090		4,090
Mortgage-backed securities	22,625		22,625
Fair Value	$ 33,708		$ 33,708		38,212
Number of securities sold during the period | security	0	0	0	0
Collateral Pledged
Estimated Fair Value [Abstract]
Securities pledged as collateral for borrowings	$ 0		$ 0		$ 0

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses, Summary of Loans Receivable (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)item	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)
Summary of loans receivable [Abstract]
Total loans receivable	$ 682,443	$ 685,374
Unearned loan fees	(2,870)	(3,025)
Loans receivable	679,573	682,349	$ 686,912
Loans pledged as collateral	165,600
Federal National Mortgage Association [Member]
Summary of loans receivable [Abstract]
Mortgage loans serviced	27,500	29,400
Federal Home Loan Mortgage Corporation
Summary of loans receivable [Abstract]
Mortgage loans serviced	14,000	15,100
Residential Mortgage [Member]
Summary of loans receivable [Abstract]
Total loans receivable	276,013	276,389
Loans receivable	$ 274,474	274,759	289,429
Loan to value ratio	80.00%
Residential Mortgage [Member] | Change in Accounting Estimate [Member]
Summary of loans receivable [Abstract]
Allowance allocated increased (decreased)		(600)
Residential Mortgage [Member] | Minimum [Member]
Summary of loans receivable [Abstract]
Number of dwelling units | item	1
Residential Mortgage [Member] | Maximum [Member]
Summary of loans receivable [Abstract]
Number of dwelling units | item	4
Commercial [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 45,347	35,884
Loans receivable	45,347	35,884	42,618
Commercial [Member] | Change in Accounting Estimate [Member]
Summary of loans receivable [Abstract]
Allowance allocated increased (decreased)		2,200
Commercial Real Estate [Member]
Summary of loans receivable [Abstract]
Total loans receivable	238,699	244,088
Loans receivable	237,368	242,693	232,838
Commercial Real Estate [Member] | Change in Accounting Estimate [Member]
Summary of loans receivable [Abstract]
Allowance allocated increased (decreased)		(2,700)
ADC [Member]
Summary of loans receivable [Abstract]
Total loans receivable	108,182	114,540
Loans receivable	108,182	114,540	107,564
ADC [Member] | Change in Accounting Estimate [Member]
Summary of loans receivable [Abstract]
Allowance allocated increased (decreased)		1,100
Home Equity/2nds [Member]
Summary of loans receivable [Abstract]
Total loans receivable	12,581	13,386
Loans receivable	$ 12,581	13,386	13,437
Home Equity/2nds [Member] | Minimum [Member]
Summary of loans receivable [Abstract]
Number of dwelling units | item	1
Home Equity/2nds [Member] | Maximum [Member]
Summary of loans receivable [Abstract]
Number of dwelling units | item	4
Consumer [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 1,621	1,087
Loans receivable	$ 1,621	$ 1,087	$ 1,026

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Loan Losses, Changes in Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Allowance for Loan losses [Roll Forward]
Beginning Balance	$ 8,085	$ 8,169	$ 8,044	$ 8,055
Charge-offs	(32)	(37)	(32)	(373)
Recoveries	40	125	81	575
Net (charge-offs) recoveries	8	88	49	202
Ending Balance	8,093	8,257	8,093	8,257
Ending balance - individually evaluated for impairment					$ 1,012	$ 1,533	$ 2,453
Ending balance - collectively evaluated for impairment					7,081	6,511	5,804
Ending balance	8,085	8,169	8,044	8,055	8,093	8,044	8,257
Ending loan balance - individually evaluated for impairment					17,144	17,226	22,816
Ending loan balance - collectively evaluated for impairment					662,429	665,123	664,096
Ending loan balance					679,573	682,349	686,912
Residential Mortgage [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	2,572	3,301	2,224	3,099
Charge-offs	(20)	(37)	(20)	(360)
Recoveries	3	1	8	222
Net (charge-offs) recoveries	(17)	(36)	(12)	(138)
Provision for (reversal of) loan losses	11	(303)	354	1
Ending Balance	2,566	2,962	2,566	2,962
Ending balance - individually evaluated for impairment					889	927	1,295
Ending balance - collectively evaluated for impairment					1,677	1,297	1,667
Ending balance	2,572	3,301	2,224	3,099	2,566	2,224	2,962
Ending loan balance - individually evaluated for impairment					13,205	12,579	15,926
Ending loan balance - collectively evaluated for impairment					261,269	262,180	273,503
Ending loan balance					274,474	274,759	289,429
Commercial [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	1,740	514	2,736	527
Provision for (reversal of) loan losses	(174)	(100)	(1,170)	(113)
Ending Balance	1,566	414	1,566	414
Ending balance - individually evaluated for impairment						430
Ending balance - collectively evaluated for impairment					1,566	2,306	414
Ending balance	1,740	514	2,736	527	1,566	2,736	414
Ending loan balance - individually evaluated for impairment						430	300
Ending loan balance - collectively evaluated for impairment					45,347	35,454	42,318
Ending loan balance					45,347	35,884	42,618
Commercial Real Estate [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	712	2,995	457	2,805
Recoveries	33	122	67	333
Net (charge-offs) recoveries	33	122	67	333
Provision for (reversal of) loan losses	47	(526)	268	(547)
Ending Balance	792	2,591	792	2,591
Ending balance - individually evaluated for impairment					67	142	153
Ending balance - collectively evaluated for impairment					725	315	2,438
Ending balance	712	2,995	457	2,805	792	457	2,591
Ending loan balance - individually evaluated for impairment					1,889	1,992	2,003
Ending loan balance - collectively evaluated for impairment					235,479	240,701	230,835
Ending loan balance					237,368	242,693	232,838
ADC [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	2,579	1,060	2,239	1,236
Charge-offs				(13)
Net (charge-offs) recoveries				(13)
Provision for (reversal of) loan losses	104	1,000	444	837
Ending Balance	2,683	2,060	2,683	2,060
Ending balance - individually evaluated for impairment					32	32	1,002
Ending balance - collectively evaluated for impairment					2,651	2,207	1,058
Ending balance	2,579	1,060	2,239	1,236	2,683	2,239	2,060
Ending loan balance - individually evaluated for impairment					1,119	1,278	3,046
Ending loan balance - collectively evaluated for impairment					107,063	113,262	104,518
Ending loan balance					108,182	114,540	107,564
Home Equity/2nds [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	242	297	222	386
Recoveries	4	2	6	20
Net (charge-offs) recoveries	4	2	6	20
Provision for (reversal of) loan losses	(23)	(70)	(5)	(177)
Ending Balance	223	229	223	229
Ending balance - individually evaluated for impairment					24	2	2
Ending balance - collectively evaluated for impairment					199	220	227
Ending balance	242	297	222	386	223	222	229
Ending loan balance - individually evaluated for impairment					859	871	1,461
Ending loan balance - collectively evaluated for impairment					11,722	12,515	11,976
Ending loan balance					12,581	13,386	13,437
Consumer [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	1	2	1	2
Charge-offs	(12)		(12)
Net (charge-offs) recoveries	(12)		(12)
Provision for (reversal of) loan losses	11	(1)	11	(1)
Ending Balance		1		1
Ending balance - individually evaluated for impairment							1
Ending balance - collectively evaluated for impairment						1
Ending balance	1	$ 2	1	$ 2		1	1
Ending loan balance - individually evaluated for impairment					72	76	80
Ending loan balance - collectively evaluated for impairment					1,549	1,011	946
Ending loan balance					1,621	1,087	$ 1,026
Unallocated
Allowance for Loan losses [Roll Forward]
Beginning Balance	239		165
Provision for (reversal of) loan losses	24		98
Ending Balance	263		263
Ending balance - collectively evaluated for impairment					263	165
Ending balance	$ 239		$ 165		$ 263	$ 165

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses, Credit Quality Breakdown of Loan Portfolio by Class (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 679,573	$ 682,349	$ 686,912
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	668,271	670,244
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	4,714	4,803
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	6,588	7,302
Residential Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	274,474	274,759	289,429
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	270,573	270,727
Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income		827
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,901	3,205
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	45,347	35,884	42,618
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	44,139	35,435
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,208	19
Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income		430
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	237,368	242,693	232,838
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	232,597	237,387
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,088	3,523
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,683	1,783
ADC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	108,182	114,540	107,564
ADC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	107,351	113,072
ADC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	831	1,468
Home Equity/2nds [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	12,581	13,386	13,437
Home Equity/2nds [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	11,990	12,536
Home Equity/2nds [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	418	434
Home Equity/2nds [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	173	416
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,621	1,087	$ 1,026
Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 1,621	$ 1,087

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Loan Losses, Classes of Loan Portfolio by Aging Categories of Performing and Nonaccrual Loans (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	$ 3,711,000		$ 5,260,000
Current	675,862,000		677,089,000
Loans receivable	679,573,000	$ 686,912,000	682,349,000
Non-accrual	4,887,000		4,656,000
Interest which would have been recorded on the loans in nonaccrual status	382,000	1,100,000
Actual interest income recorded on nonaccrual loans	82,000	208,000
30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	547,000		1,561,000
90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	3,164,000		3,699,000
Residential Mortgage [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	2,679,000		2,854,000
Current	271,795,000		271,905,000
Loans receivable	274,474,000	289,429,000	274,759,000
Non-accrual	3,288,000		2,580,000
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	531,000		1,060,000
Residential Mortgage [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	2,148,000		1,794,000
Commercial [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			430,000
Current	45,347,000		35,454,000
Loans receivable	45,347,000	42,618,000	35,884,000
Non-accrual			430,000
Commercial [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			430,000
Commercial Real Estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	452,000		797,000
Current	236,916,000		241,896,000
Loans receivable	237,368,000	232,838,000	242,693,000
Non-accrual	779,000		660,000
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			137,000
Commercial Real Estate [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	452,000		660,000
ADC [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	388,000		642,000
Current	107,794,000		113,898,000
Loans receivable	108,182,000	107,564,000	114,540,000
Non-accrual	388,000		558,000
ADC [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			255,000
ADC [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	388,000		387,000
Home Equity/2nds [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	173,000		524,000
Current	12,408,000		12,862,000
Loans receivable	12,581,000	13,437,000	13,386,000
Non-accrual	429,000		428,000
Home Equity/2nds [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			96,000
Home Equity/2nds [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	173,000		428,000
Consumer [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	19,000		13,000
Current	1,602,000		1,074,000
Loans receivable	1,621,000	$ 1,026,000	1,087,000
Non-accrual	3,000
Consumer [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	16,000		$ 13,000
Consumer [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	$ 3,000

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Loan Losses, Summary of Impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Interest income recognized [Abstract]
Real estate acquired through foreclosure	$ 1,430		$ 1,430		$ 1,537
Residential Mortgage [Member]
Unpaid principal balance [Abstract]
With no related allowance	7,740		7,740		7,054
With a related allowance	5,812		5,812		5,888
Total	13,552		13,552		12,942
Recorded investment [Abstract]
With no related allowance	7,513		7,513		6,808
With a related allowance	5,692		5,692		5,771
Total	13,205		13,205		12,579
Related allowance	889		889		927
Average recorded investment [Abstract]
With no related allowance	7,197	$ 7,867	6,950	$ 9,824
With a related allowance	5,706	7,439	5,731	7,184
Total	12,903	15,306	12,681	17,008
Interest income recognized [Abstract]
With no related allowance	81	88	160	174
With a related allowance	80	75	160	152
Total	161	163	320	326
Commercial [Member]
Unpaid principal balance [Abstract]
With a related allowance					476
Total					476
Recorded investment [Abstract]
With a related allowance					430
Total					430
Related allowance					430
Average recorded investment [Abstract]
With no related allowance		457		78
With a related allowance			143
Total		457	143	78
Interest income recognized [Abstract]
With no related allowance		13		20
Total		13		20
Commercial Real Estate [Member]
Unpaid principal balance [Abstract]
With no related allowance	1,365		1,365		1,244
With a related allowance	564		564		795
Total	1,929		1,929		2,039
Recorded investment [Abstract]
With no related allowance	1,325		1,325		1,206
With a related allowance	564		564		786
Total	1,889		1,889		1,992
Related allowance	67		67		142
Average recorded investment [Abstract]
With no related allowance	1,327	1,326	1,245	1,350
With a related allowance	567	751	694	1,276
Total	1,894	2,077	1,939	2,626
Interest income recognized [Abstract]
With no related allowance	17	14	37	30
With a related allowance	11	8	20	14
Total	28	22	57	44
ADC [Member]
Unpaid principal balance [Abstract]
With no related allowance	988		988		1,142
With a related allowance	132		132		135
Total	1,120		1,120		1,277
Recorded investment [Abstract]
With no related allowance	987		987		1,143
With a related allowance	132		132		135
Total	1,119		1,119		1,278
Related allowance	32		32		32
Average recorded investment [Abstract]
With no related allowance	977	397	1,034	555
With a related allowance	132	344	134	1,117
Total	1,109	741	1,168	1,672
Interest income recognized [Abstract]
With no related allowance	7	4	15	9
With a related allowance	2	6	4	11
Total	9	10	19	20
Home Equity/2nds [Member]
Unpaid principal balance [Abstract]
With no related allowance	1,308		1,308		1,290
With a related allowance	35		35		13
Total	1,343		1,343		1,303
Recorded investment [Abstract]
With no related allowance	825		825		859
With a related allowance	34		34		12
Total	859		859		871
Related allowance	24		24		2
Average recorded investment [Abstract]
With no related allowance	834	1,285	844	483
With a related allowance	34	13	19	4
Total	868	1,298	863	487
Interest income recognized [Abstract]
With no related allowance	17	12	30	20
With a related allowance			1
Total	17	12	31	20
Consumer [Member]
Unpaid principal balance [Abstract]
With no related allowance	69		69		76
With a related allowance	4		4
Total	73		73		76
Recorded investment [Abstract]
With no related allowance	68		68		76
With a related allowance	4		4
Total	72		72		76
Average recorded investment [Abstract]
With no related allowance	224		46
With a related allowance	4	80	28	82
Total	228	80	74	$ 82
Interest income recognized [Abstract]
With no related allowance	1		2
With a related allowance		1
Total	1	$ 1	2
Real estate acquired through foreclosure	1,300		1,300		1,400
Residential Properties [Member]
Interest income recognized [Abstract]
Residential mortgage loans secured by residential real estate properties in formal foreclosure proceedings	$ 2,300		$ 2,300		$ 1,900

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses, Loans modified as TDRs (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loancontract	Jun. 30, 2018loancontract	Jun. 30, 2019USD ($)loancontract	Jun. 30, 2018loancontract	Dec. 31, 2018USD ($)contract
Loans modified [Abstract]
Number of modifications | loan	0	0	0	0
TDRs loans accounted under method [Abstract]
Number of modifications	41		41		42
Accrual status | $	$ 10,537		$ 10,537		$ 10,698
Number of modifications	3		3		3
Nonaccrual status | $	$ 422		$ 422		$ 446
Total number of modifications	44		44		45
Total balance of modifications | $	$ 10,959		$ 10,959		$ 11,144
Number of contract, subsequent defaults	0	0	0	0
Residential Mortgage [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	35		35		36
Accrual status | $	$ 9,332		$ 9,332		$ 9,469
Number of modifications	3		3		3
Nonaccrual status | $	$ 422		$ 422		$ 446
Total number of modifications	38		38		39
Total balance of modifications | $	$ 9,754		$ 9,754		$ 9,915
Commercial Real Estate [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	2		2		2
Accrual status | $	$ 1,000		$ 1,000		$ 1,019
Total number of modifications	2		2		2
Total balance of modifications | $	$ 1,000		$ 1,000		$ 1,019
ADC [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	1		1		1
Accrual status | $	$ 132		$ 132		$ 134
Total number of modifications	1		1		1
Total balance of modifications | $	$ 132		$ 132		$ 134
Consumer [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	3		3		3
Accrual status | $	$ 73		$ 73		$ 76
Total number of modifications	3		3		3
Total balance of modifications | $	$ 73		$ 73		$ 76

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Regulatory Matters [Abstract]
Capital conservation buffer	2.50%
Proposed leverage ratio	9.00%
Common Equity Tier 1 Capital (to risk-weighted assets) [Abstract]
Common Equity Tier I Capital Actual, Amount	$ 118,722	$ 114,749
Common Equity Tier I Capital, Ratio	18.00%	17.40%
Common Equity Tier I Capital for Capital Adequacy Purposes, Amount	$ 29,725	$ 29,651
Common Equity Tier I Capital for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Amount	$ 46,238	$ 42,006
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Ratio	7.00%	6.40%
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Amount	$ 42,936	$ 42,830
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	6.50%	6.50%
Total capital (to risk-weighted assets) [Abstract]
Total Capital, Actual Amount	$ 126,919	$ 122,889
Total Capital, Ratio	19.20%	18.70%
Total For Capital Adequacy Purposes, Amount	$ 52,844	$ 52,713
Total For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total For Capital Adequacy with Capital Buffer, Amount	$ 69,358	$ 65,068
Total For Capital Adequacy with Capital Buffer, Ratio	10.50%	9.90%
Total To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 66,055	$ 65,892
Total Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets) [Abstract]
Tier I Capital, Actual Amount	$ 118,722	$ 114,749
Tier I Capital, Ratio	18.00%	17.40%
Tier I Capital for Capital Adequacy Purposes, Amount	$ 39,633	$ 39,535
Tier I Capital for Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Amount	$ 56,147	$ 51,890
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Ratio	8.50%	7.90%
Tier I Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 52,844	$ 52,713
Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	8.00%	8.00%
Tier 1 capital (to average quarterly assets) [Abstract]
Tier I Capital average, Actual Amount	$ 118,722	$ 114,749
Tier I Capital average, Ratio	13.10%	13.50%
Tier I Capital average for Capital Adequacy Purposes, Amount	$ 36,246	$ 33,932
Tier I Capital average for Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Amount	$ 58,900	$ 49,838
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Ratio	6.50%	5.90%
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 45,307	$ 42,415
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	5.00%	5.00%

Earnings Per Share (Details)

Earnings Per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares	Apr. 02, 2018securityshares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0		0
Common stock issued upon conversion of preferred stock					437,500
Preferred stock conversion ratio | security					1
Preferred stock, shares outstanding (in shares)					0
Weighted average number of shares outstanding reconciliation [Abstract]
Weighted-average shares outstanding - basic (in shares)	12,775,123	12,684,711	12,774,191	12,463,132
Dilution (in shares)	87,168	96,326	85,789	95,937
Weighted-average share outstanding - diluted (in shares)	12,862,291	12,781,037	12,859,980	12,559,069
Net income available to common stockholders | $	$ 2,176	$ 1,918	$ 4,785	$ 3,733
Net income per common share - basic (in dollars per share) | $ / shares	$ 0.17	$ 0.15	$ 0.37	$ 0.30
Net income per common share - diluted (in dollars per share) | $ / shares	$ 0.17	$ 0.15	$ 0.37	$ 0.30
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		22,000		24,000
Series A Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)				437,500

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan (in shares)	500,000		500,000
Stock-based compensation expense	$ 34,000	$ 57,000	$ 77,000	$ 113,000
Shares [Roll Forward]
Outstanding at beginning of period (in shares)			349,023	434,025
Granted (in shares)			0	6,500
Exercised (in shares)			(15,561)	(24,002)
Forfeited (in shares)			(38,500)	(1,750)
Outstanding at end of period (in shares)	294,962	414,773	294,962	414,773
Exercisable at end of period (in shares)	179,200	209,998	179,200	209,998
Weighted Average Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)			$ 6.32	$ 5.87
Granted (in dollars per share)				7.41
Exercised (in dollars per share)			5.25	4
Forfeited (in dollars per share)			6.41	5.26
Outstanding at end of period (in dollars per share)	$ 6.37	$ 6.01	6.37	6.01
Exercisable at end of period (in dollars per share)	$ 5.95	$ 5.18	$ 5.95	$ 5.18
Weighted Average Remaining Life [Abstract]
Weighted-average remaining contractual term, outstanding			3 years	6 years
Weighted-average remaining contractual term, exercisable			2 years 3 months 18 days	5 years 10 months 24 days
Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value of the options outstanding	$ 684,000	$ 1,096,000	$ 684,000	$ 1,096,000
Aggregate intrinsic value of the options exercisable	$ 492,000	730,000	$ 492,000	730,000
Fair value assumptions for options granted [Abstract]
Expected life			5 years 6 months
Risk-free interest rate			2.67%
Expected volatility			32.20%
Weighted average per share fair value of options granted (in dollars per share)	$ 2.57		$ 2.57
Proceeds from exercise of stock options		$ 41,000	$ 81,000	$ 97,000
Unrecognized stock-based compensation expense	$ 353,000		$ 353,000
Unrecognized stock-based compensation expected to be recognized period			51 months
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period			5 years
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiry period			10 years

Commitments and Contingencies_2

Commitments and Contingencies (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)loan	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)loan
Financial instruments whose contract amount represents credit risk [Abstract]
Deposits	$ 685,416,000		$ 685,416,000		$ 779,506,000
Interest income	7,845,000	$ 6,927,000	15,930,000	$ 13,911,000
Noninterest Income	2,615,000	2,068,000	4,875,000	3,861,000
Standby Letters of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	3,398,000		$ 3,398,000		3,321,000
Letters of credit expiry period			12 months
Letters of credit renewal period			1 year
Current liability for guarantees	36,000		$ 36,000		42,000
Home Equity Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	17,364,000		$ 17,364,000		17,015,000
Loan expiry period			10 years
Unadvanced Construction Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	77,251,000		$ 77,251,000		75,326,000
Mortgage Loan Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	829,000		829,000		1,649,000
Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	21,321,000		$ 21,321,000		$ 20,990,000
Residential Mortgage [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Number of residential mortgage loan commitments | loan			3		3
Residential mortgage loan commitments	829,000		$ 829,000		$ 1,600,000
Loans Sold and Serviced with Limited Repurchase Provisions [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	43,839,000		43,839,000		49,623,000
Reserve for obligation to re-purchase mortgage loans previously sold	106,000		106,000		91,000
Repurchases of loans previously sold			$ 0	0
Loans Sold and Serviced with Limited Repurchase Provisions [Member] | Minimum [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Period of delinquency under repurchase agreement			120 days
Loans Sold and Serviced with Limited Repurchase Provisions [Member] | Maximum [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Period of delinquency under repurchase agreement			180 days
Business activities with medical-use cannabis customers [Member] | Cannabis Customers [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Deposits	27,100,000		$ 27,100,000		17,000,000
Loan balances	$ 15,000,000		$ 15,000,000		$ 14,100,000
Percentage of deposits in total deposits	4.00%		4.00%		2.20%
Percentage of loans in total loans	2.20%		2.20%		2.10%
Interest income	$ 233,000	134,000	$ 428,000	310,000
Noninterest Income	491,000	315,000	941,000	545,000
Volume of deposits accepted	$ 56,600,000	$ 11,400,000	$ 106,100,000	$ 29,300,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	$ 11,031	$ 11,978
U.S. Treasury Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	1,995	1,981
U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	9,036	9,997
Level 1 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	1,995	1,981
Level 2 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	9,036	9,997
Loans held for sale ("LHFS")	17,987	9,686
Best efforts forward contracts	39
Level 3 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	343	437
Interest rate lock commitments ("IRLCs")	345	100
Carrying Value [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	11,031	11,978
Loans held for sale ("LHFS")	17,987	9,686
Mortgage servicing rights ("MSRs")	343	437
Interest rate lock commitments ("IRLCs")	345	100
Best efforts forward contracts	39
Recurring [Member] | Mandatory Forward Contract Liability
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(20)	(30)
Recurring [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income		(3)
Recurring [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	278	192
Recurring [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(94)	(40)
Recurring [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	245	78
Recurring [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	39
Recurring [Member] | Level 1 [Member] | U.S. Treasury Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	1,995	1,981
Recurring [Member] | Level 2 [Member] | Mandatory Forward Contract Liability
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mandatory forward contracts	36	16
Recurring [Member] | Level 2 [Member] | U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	9,036	9,997
Recurring [Member] | Level 2 [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Loans held for sale ("LHFS")	17,987	9,686
Recurring [Member] | Level 2 [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	39
Recurring [Member] | Level 3 [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	343	437
Recurring [Member] | Level 3 [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest rate lock commitments ("IRLCs")	345	100
Recurring [Member] | Carrying Value [Member] | Mandatory Forward Contract Liability
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mandatory forward contracts	36	16
Recurring [Member] | Carrying Value [Member] | U.S. Treasury Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	1,995	1,981
Recurring [Member] | Carrying Value [Member] | U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	9,036	9,997
Recurring [Member] | Carrying Value [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Loans held for sale ("LHFS")	17,987	9,686
Recurring [Member] | Carrying Value [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	343	437
Recurring [Member] | Carrying Value [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest rate lock commitments ("IRLCs")	345	$ 100
Recurring [Member] | Carrying Value [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	$ 39

Fair Value of Financial Instr_4

Fair Value of Financial Instruments, Fair Values of Financial Instruments, Assets, Quantitative Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)item	Jun. 30, 2018USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)item	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
MSRs [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 343	$ 501	$ 343	$ 501	$ 400	$ 437	$ 499	$ 477
Valuation adjustment	$ (57)	2	$ (94)	24
MSRs [Member] | Recurring [Member] | Level 3 [Member] | Weighted Average [Member] | Measurement Input, Constant Prepayment Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
MSRs, Measurement input | item	0.129		0.129			0.098
IRLCs [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 345	168	$ 345	168	$ 335	$ 100	$ 184	$ 22
Valuation adjustment	$ 10	$ (16)	$ 245	$ 146
Impaired loans [Member] | Nonrecurring [Member] | Minimum [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Impaired loan, measurement input | item	0		0
Impaired loans [Member] | Nonrecurring [Member] | Maximum [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Impaired loan, measurement input | item	0.15		0.15
Impaired loans [Member] | Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Impaired loan, measurement input | item	0.07		0.07			0.067
Impaired loans [Member] | Nonrecurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 5,538		$ 5,538			$ 5,678
Impaired loans [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 5,538		$ 5,538			$ 5,678
Foreclosed real estate [Member] | Nonrecurring [Member] | Minimum [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Real estate acquired through foreclosure, measurement input	0		0			0
Foreclosed real estate [Member] | Nonrecurring [Member] | Maximum [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Real estate acquired through foreclosure, measurement input	0.16		0.16			0.16
Foreclosed real estate [Member] | Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Real estate acquired through foreclosure, measurement input | item	0.16		0.16
Foreclosed real estate [Member] | Nonrecurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 625		$ 625
Foreclosed real estate [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	625		625
Market Approach [Member] | MSRs [Member] | Recurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	343		343			$ 437
Market Approach [Member] | IRLCs [Member] | Recurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 345		$ 345			$ 100
Market Approach [Member] | IRLCs [Member] | Recurring [Member] | Level 3 [Member] | Minimum [Member] | Measurement Input, Pull Through Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Interest-rate lock commitments, measurement input | item	0.7		0.7			0.7
Market Approach [Member] | IRLCs [Member] | Recurring [Member] | Level 3 [Member] | Maximum [Member] | Measurement Input, Pull Through Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Interest-rate lock commitments, measurement input | item	0.950		0.950			0.950
Market Approach [Member] | IRLCs [Member] | Recurring [Member] | Level 3 [Member] | Weighted Average [Member] | Measurement Input, Pull Through Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Interest-rate lock commitments, measurement input | item	0.83		0.83			0.84

Fair Value of Financial Instr_5

Fair Value of Financial Instruments, Assets, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Assets [Abstract]
AFS Securities	$ 11,031		$ 11,978
HTM securities	33,708		38,212
Right-of use assets for operating leases	2,494
Liabilities [Abstract]
Lease liabilities	2,528
Assets or liabilities transferred between levels 1, 2 and 3	0	$ 0	0
Bank Commitments [Member]
Liabilities [Abstract]
Loan funding commitments	116,800		115,000
Standby Letters of Credit [Member]
Liabilities [Abstract]
Loan funding commitments	3,400		3,300
Carrying Value [Member]
Assets [Abstract]
Cash and cash equivalents	77,337		188,340
Certificates of deposit held as investment	7,540		8,780
AFS Securities	11,031		11,978
HTM securities	33,562		38,912
LHFS	17,987		9,686
Loans receivable, net	671,480		674,305
Restricted stock investments	2,857		3,766
Accrued interest receivable	2,605		2,848
Right-of use assets for operating leases	2,494
MSRs	343		437
IRLCs	345		100
Best effort forward contracts	39
Liabilities [Abstract]
Deposits	685,416		779,506
Accrued interest payable	350		419
Borrowings	48,500		73,500
Subordinated debentures	20,619		20,619
Lease liabilities	2,528
Mandatory forward contracts	36		16
Total [Member]
Assets [Abstract]
Cash and cash equivalents	77,337		188,340
Certificates of deposit held as investment	7,540		8,780
AFS Securities	11,031		11,978
HTM securities	33,708		38,212
LHFS	17,987		9,686
Loans receivable, net	679,488		670,512
Restricted stock investments	2,857		3,766
Accrued interest receivable	2,605		2,848
Right-of use assets for operating leases	2,494
MSRs	343		437
IRLCs	345		100
Best effort forward contracts	39
Liabilities [Abstract]
Deposits	683,846		778,313
Accrued interest payable	350		419
Borrowings	44,886		69,210
Subordinated debentures	20,619		20,619
Lease liabilities	2,528
Mandatory forward contracts	36		16
Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents	77,337		188,340
Certificates of deposit held as investment	7,540		8,780
AFS Securities	1,995		1,981
HTM securities	2,015		2,008
Level 2 [Member]
Assets [Abstract]
AFS Securities	9,036		9,997
HTM securities	31,693		36,204
LHFS	17,987		9,686
Restricted stock investments	2,857		3,766
Accrued interest receivable	2,605		2,848
Right-of use assets for operating leases	2,494
Best effort forward contracts	39
Liabilities [Abstract]
Deposits	683,846		778,313
Accrued interest payable	350		419
Borrowings	44,886		69,210
Lease liabilities	2,528
Mandatory forward contracts	36		16
Level 3 [Member]
Assets [Abstract]
Loans receivable, net	679,488		670,512
MSRs	343		437
IRLCs	345		100
Liabilities [Abstract]
Subordinated debentures	$ 20,619		$ 20,619

Leases (Details)

Leases (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Consolidated statements of financial condition classification of our ROU assets and lease liabilities.
Lease ROU assets	$ 2,494
Lease liabilities	$ 2,528
Options to renew	true
Weighted-average remaining lease term	11 years 9 months 18 days
Weighted-average discount rate	3.25%

Leases - Lease cost and other l

Leases - Lease cost and other lease information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lease cost
Operating lease costs	$ 106,000	$ 213,000
Total lease cost	106,000	213,000
Cash paid on lease liabilities	$ 79,000	$ 159,000

Leases - Future minimum payment

Leases - Future minimum payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Future minimum payments for finance leases and operating leases
June 30, 2020	$ 351
June 30, 2021	315
June 30, 2022	293
June 30, 2023	269
June 30, 2024	223
Thereafter	1,682
Total future minimum lease payments	3,133
Amounts representing interest	(605)
Lease liabilities for operating leases	$ 2,528