Severn Bancorp (SVBI) 10-Q 11 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
Document and Entity Information
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		12,812,976
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 1,989	$ 2,892
Federal funds sold and interest-bearing deposits in other banks	113,647	85,301
Cash and cash equivalents	115,636	88,193
Certificates of deposit held for investment	7,540	7,540
Securities available for sale, at fair value	18,842	12,906
Securities held to maturity (fair value of $23,457 and $26,158 at March 31, 2020 and December 31, 2019, respectively)	22,737	25,960
Mortgage loans held for sale, at fair value	21,996	10,910
Loans receivable	635,950	645,685
Allowance for loan losses	(7,918)	(7,138)
Loans, net	628,032	638,547
Real estate acquired through foreclosure	1,684	2,387
Restricted stock investments	2,299	2,431
Premises and equipment, net	21,731	22,144
Accrued interest receivable	2,275	2,458
Deferred income taxes	1,691	1,748
Bank owned life insurance	5,414	5,377
Goodwill	1,104	1,104
Other assets	6,374	5,214
Total assets	857,355	826,919
Deposits:
Noninterest bearing	165,090	122,901
Interest-bearing	525,122	538,148
Total deposits	690,212	661,049
Long-term borrowings	35,000	35,000
Subordinated debentures	20,619	20,619
Accrued expenses and other liabilities	5,803	4,779
Total liabilities	751,634	721,447
Stockholders' Equity:
Common stock, $0.01 par value, 20,000,000 shares authorized; 12,812,976 and 12,810,926 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	128	128
Additional paid-in capital	65,992	65,944
Retained earnings	39,497	39,445
Accumulated other comprehensive income (loss)	104	(45)
Total stockholders' equity	105,721	105,472
Total liabilities and stockholders' equity	$ 857,355	$ 826,919

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Securities held to maturity fair value	$ 23,457	$ 26,158
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)	12,812,976	12,810,926
Common stock, shares outstanding (in shares)	12,812,976	12,810,926

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans	$ 8,338	$ 9,167
Securities	219	259
Other earning assets	359	1,117
Total interest income	8,916	10,543
Interest expense:
Deposits	1,797	1,869
Borrowings and subordinated debentures	364	589
Total interest expense	2,161	2,458
Net interest income	6,755	8,085
Provision for loan losses	750
Net interest income after provision for loan losses	6,005	8,085
Noninterest income:
Mortgage-banking revenue	1,634	720
Real estate commissions	310	482
Real estate management fees	165	164
Deposit service charges	561	509
Title company revenue	238	217
Other noninterest income	117	168
Total noninterest income	3,025	2,260
Noninterest expense:
Compensation and related expenses	5,461	4,525
Occupancy	518	415
Legal fees	166	49
Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains	74	125
Federal Deposit Insurance Corporation insurance premiums		56
Professional fees	303	140
Advertising	220	187
Data processing	460	342
Credit report and appraisal fees	67	40
Licensing and software	218	182
Loss on disposal of premises and equipment	76
Other noninterest expense	689	689
Total noninterest expense	8,252	6,750
Net income before income tax provision	778	3,595
Income tax provision	213	986
Net income	$ 565	$ 2,609
Net income per common share - basic (in dollars per share)	$ 0.04	$ 0.20
Net income per common share - diluted (in dollars per share)	$ 0.04	$ 0.20

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 565	$ 2,609
Other comprehensive income item:
Unrealized holding gains on available-for-sale securities arising during the period (net of tax expense of $56 and $7)	149	24
Total other comprehensive income (loss)	149	24
Total comprehensive income	$ 714	$ 2,633

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other comprehensive income item:
Unrealized holding losses on available-for-sale securities arising during the period, income taxes	$ 56	$ 7

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Comprehensive Loss [Member]	Total
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			2,609		2,609
Stock-based compensation		43			43
Dividends paid on common stock			(382)		(382)
Exercise of stock options		81			$ 81
Exercise of stock options (in shares)	15,511				15,511
Other comprehensive income (loss)				24	$ 24
Ending balance at Mar. 31, 2019	$ 128	65,662	35,087	(49)	100,828
Balance (in shares) at Mar. 31, 2019	12,775,087
Beginning balance at Dec. 31, 2019	$ 128	65,944	39,445	(45)	105,472
Balance (in shares) at Dec. 31, 2019	12,810,926
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			565		565
Stock-based compensation		34			34
Dividends paid on common stock			(513)		(513)
Exercise of stock options		14			$ 14
Exercise of stock options (in shares)	2,050				2,050
Other comprehensive income (loss)				149	$ 149
Ending balance at Mar. 31, 2020	$ 128	$ 65,992	$ 39,497	$ 104	$ 105,721
Balance (in shares) at Mar. 31, 2020	12,812,976

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Dividend paid on common stock	$ 0.04	$ 0.03

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 565	$ 2,609
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	394	347
Amortization of deferred loan fees	(506)	(440)
Net (accretion) amortization of premiums and discounts on securities	(83)	42
Provision for loan losses	750
Write-downs and losses on real estate acquired through foreclosure, net of gains	80	107
Gain on sale of mortgage loans	(1,634)	(720)
Loss on disposal of property	76
Proceeds from sale of mortgage loans held for sale	33,764	22,536
Originations of loans held for sale	(43,216)	(19,438)
Stock-based compensation	34	43
Increase in cash surrender value of bank-owned life insurance	(37)	(39)
Deferred income taxes	1	193
Decrease in accrued interest receivable	183	216
Increase in other assets	(1,160)	(2,721)
Increase in accrued expenses and other liabilities	1,024	2,953
Net cash (used in) provided by operating activities	(9,765)	5,688
Cash flows from investing activities:
Loan principal repayments, net of (disbursements)	10,271	9,087
Redemption of restricted stock investments	132	910
Purchases of premises and equipment, net	(57)	(85)
Activity in securities held to maturity:
Maturities/calls/repayments	3,202	3,095
Activity in available-for-sale securities:
Purchases	(7,852)
Maturities/calls/repayments	2,225	1,000
Proceeds from sales of real estate acquired through foreclosure	623
Net cash provided by investing activities	8,544	14,007
Cash flows from financing activities:
Net (decrease) increase in deposits	29,163	(69,633)
Repayments of long-term borrowings		(25,000)
Common stock dividends	(513)	(382)
Exercise of stock options	14	81
Net cash provided by (used in) financing activities	28,664	(94,934)
Increase (decrease) in cash and cash equivalents	27,443	(75,239)
Cash and cash equivalents at beginning of period	88,193	188,340
Cash and cash equivalents at end of period	115,636	113,101
Supplemental Noncash Disclosures:
Interest paid on deposits and borrowed funds	2,170	2,490
Income taxes paid	$ 493
Real estate acquired in satisfaction of loans		171
Initial recognition of operating lease right-of-use asset		2,684
Initial recognition of operating lease liability		2,684
Transfers of loans held for sale to loan portfolio		$ 648

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020 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 2019 Annual Report on Form 10‑K as filed with the Securities and Exchange Commission (“SEC”). COVID-19 Risks and Uncertainties The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the U.S. and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to a target range of 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of COVID-19, economic uncertainties have arisen which are likely to negatively impact net interest income, noninterest income, credit quality, the allowance for loan losses (“Allowance”), and the provision for loan losses. Additionally, there could be a potential for goodwill impairment. Other financial impact could occur though such potential impact is unknown at this time. 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, the valuation of real estate acquired through foreclosure, and the valuation of deferred tax assets and liabilities. Cash Flows 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 Issued In September 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 was originally 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. In October, 2019, that proposal was finalized with the issuance of ASU 2019-05, Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief . ASU 2019-05 was issued to address concerns with the adoption of ASU 2016-13. ASU 2019-05 gives entities the ability to irrevocably elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-03. Financial assets that are eligible for this fair value election are those that qualify under Subtopic 825-10 and are within the scope of Subtopic 326-10, Financial Instruments - Credit Losses - Measured at Amortized Costs. An exception to this is held-to-maturity (“HTM”) debt securities, which do not qualify for this transition election. The effective date for the amendment is the same as the effective date in ASU 2016-03. In November 2019, FASB issued ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates . ASU 2019-10 was issued to defer the effective dates for certain guidance for certain entities. The amendments in this update amend the mandatory effective dates for ASC 326, Financial Instruments - Credit Losses , for entities eligible to be smaller reporting companies as defined by the SEC for fiscal years beginning after December 15, 2022, including interim reporting periods within that reporting period. 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 Bank has been updating the data and the process by which data will be transferred to the third party vendor, so that they have all of the information necessary for CECL calculations. This process is complete. The next stage in the process is to convert to the vendor’s incurred loss model, which must be completed prior to the final conversion to CECL. This process is almost complete. Management, in conjunction with the third party vendor, has also begun determining which economic factors are most directly responsible for Bank’s historical losses. The third party vendor has also started to recommend pools to be used for CECL calculations, and appropriate methods (as prescribed 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. Although the implementation of CECL has been delayed, the Bank is continuing with the implementation at a pace to ensure that we will 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. In November 2019, FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. ASU 2019-11 was issued to address issues raised by stakeholders during the implementation of ASU 2016-13. ASU 2019-11 provides transition relief when adjusting the effective interest rate for troubled debt restructure loans (“TDR” or “TDRs”) that exist as of the adoption date, extends the disclosure relief in ASU 2019-04 to disclose accrued interest receivable balances separately from the amortized cost basis to additional disclosures involving amortized cost basis, and provides clarification regarding application of the guidance in paragraph 326-20-35-6 for financial assets secured by collateral maintenance provisions that provide a practical expedient to measure the estimate of expected credit losses by comparing the amortized cost basis of a financial asset and the fair value of collateral securing the financial asset as of the reporting date. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. In December 2019, FASB issued ASU No. 2019-12, Simplifying the Accounting for Taxes , which simplifies the accounting for incomes taxes by removing certain exceptions in the current codification. The standard is effective for fiscal years beginning after December 15, 2020. The adoption of ASU No. 2019 12 is not expected to have a material impact on our financial position, results of operations, or cash flows. In January 2020, FASB issued ASU No. 2020-01, Investments – Equity securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) , which clarifies the interaction between the three Topics. The standard is effective for fiscal years beginning after December 15, 2020. The adoption of ASU No. 2020 01 is not expected to have a material impact on our financial position, results of operations, or cash flows.

Securities

Securities	3 Months Ended
	Mar. 31, 2020
Securities [Abstract]
Securities	Note 2 - Securities The amortized cost and fair values of our available-for-sale (“AFS”) securities portfolio were as follows: March 31, 2020 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. government agency notes $ 5,020 $ 11 $ — $ 5,031 Corporate obligations 2,000 — — 2,000 Mortgage-backed securities 11,679 172 40 11,811 $ 18,699 $ 183 $ 40 $ 18,842 December 31, 2019 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. government agency notes $ 5,017 $ 2 $ — $ 5,019 Mortgage-backed securities 7,951 — 64 7,887 $ 12,968 $ 2 $ 64 $ 12,906 The amortized cost and fair values of our HTM securities portfolio were as follows: March 31, 2020 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 996 $ 19 $ — $ 1,015 U.S. government agency notes 2,985 156 — 3,141 Mortgage-backed securities 18,756 548 3 19,301 $ 22,737 $ 723 $ 3 $ 23,457 December 31, 2019 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 994 $ 14 $ — $ 1,008 U.S. government agency notes 4,986 100 5 5,081 Mortgage-backed securities 19,980 114 25 20,069 $ 25,960 $ 228 $ 30 $ 26,158 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: March 31, 2020 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) Mortgage-backed securities 2 $ 2,121 $ 40 — $ — $ — 2 $ 2,121 $ 40 2 $ 2,121 $ 40 — $ — $ — 2 $ 2,121 $ 40 December 31, 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) Mortgage-backed securities 7 $ 7,887 $ 64 — $ — $ — 7 $ 7,887 $ 64 7 $ 7,887 $ 64 — $ — $ — 7 $ 7,887 $ 64 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: March 31, 2020 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) Mortgage-backed securities 1 $ 148 $ 3 — $ — $ — 1 $ 148 $ 3 1 $ 148 $ 3 — $ — $ — 1 $ 148 $ 3 December 31, 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 — $ — $ — 3 $ 3,003 $ 5 3 3,003 5 Mortgage-backed securities 2 2,544 17 2 1,238 8 4 3,782 25 2 $ 2,544 $ 17 5 $ 4,241 $ 13 7 $ 6,785 $ 30 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 March 31, 2020 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 $ 3,005 $ 3,016 $ 2,000 $ 2,024 Due after one through five years — — 1,981 2,132 Due after five years through ten years 4,015 4,015 — — Mortgage-backed securities 11,679 11,811 18,756 19,301 $ 18,699 $ 18,842 $ 22,737 $ 23,457 We did not sell any securities during the three months ended March 31, 2020 or 2019. There were no securities pledged as collateral as of March 31, 2020 or December 31, 2019.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 (dollars in thousands) Residential mortgage $ 260,981 $ 269,654 Commercial 43,490 43,127 Commercial real estate 220,654 229,257 Construction, land acquisition, and development 99,861 92,822 Home equity/2nds 12,199 12,031 Consumer 1,474 1,541 Total loans receivable 638,659 648,432 Unearned loan fees (2,709) (2,747) Loans receivable $ 635,950 $ 645,685 Certain loans in the amount of $151.8 million have been pledged under a blanket floating lien to the Federal Home Loan Bank of Atlanta (“FHLB”) as collateral against advances at March 31, 2020. At March 31, 2020, the Bank was servicing $25.5 million in loans for the Federal National Mortgage Association (“FNMA”) and $12.6 million in loans for the Federal Home Loan Mortgage Corporation (“FHLMC”). At December 31, 2019, the Bank was servicing $25.9 million in loans for FNMA and $13.0 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 March 31, 2020 and December 31, 2019. 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 generally 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. U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) - We are participating in the PPP and began origination of such loans that are expected to be 100% guaranteed by the SBA early in the second quarter of 2020. This loan program should be able to assist our commercial customers in remaining operational during this time of uncertainty surrounding the COVID-19 pandemic. 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. COVID-19 The COVID-19 pandemic has created additional risk for all loan segments due to the economic downturn, both nationally and locally. Many business have been temporarily shut down and many people are unemployed during the national and local “stay at home” orders in place in many areas. During this time of economic uncertainty, borrowers could face an extended period of unemployment and may not be able to meet their loan obligations. Additionally, real estate collateral values could significantly decline and full repayment of loans could be in doubt. We have adjusted some of our economic qualitative factors that affect our Allowance calculation to reflect our best estimate of these risks. Management will continue to evaluate the adequacy of the Allowance as more economic data becomes available and as changes within our portfolio are known. The effects of the pandemic may require us to fund additional increases in the Allowance in future periods. Section 4013 of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) provides that a qualified loan modification is exempt by law from classification as a TDR pursuant to U.S. GAAP in certain circumstances. In addition, OCC Bulletin 2020-35 provides more limited circumstances in which a loan modification is not subject to classification as a TDR. CARES Act Section 4013 and OCC Bulletin 2020-35 forbearance agreements are available to both qualified commercial and consumer loan borrowers. Due to the widespread impact of COVID-19 and the State of Maryland “Stay At Home” Order, we expect that some loan borrowers will seek loan forbearance or loan modification agreements in the second quarter of 2020. The following tables present, by portfolio segment, the changes in the Allowance and the recorded investment in loans: Three Months Ended March 31, 2020 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,264 $ 1,421 $ 984 $ 2,286 $ 134 $ — $ 49 $ 7,138 Charge-offs — — — — — (15) — (15) Recoveries 3 5 32 — 2 3 — 45 Net recoveries (charge-offs) 3 5 32 — 2 (12) — 30 Provision for loan losses 217 139 24 329 15 12 14 750 Ending Balance $ 2,484 $ 1,565 $ 1,040 $ 2,615 $ 151 $ — $ 63 $ 7,918 Ending balance - individually evaluated for impairment $ 742 $ — $ 62 $ 29 $ — $ — $ — $ 833 Ending balance - collectively evaluated for impairment 1,742 1,565 978 2,586 151 — 63 7,085 $ 2,484 $ 1,565 $ 1,040 $ 2,615 $ 151 $ — $ 63 $ 7,918 Ending loan balance -individually evaluated for impairment $ 14,385 $ — $ 1,208 $ 428 $ 548 $ 68 $ 16,637 Ending loan balance -collectively evaluated for impairment 246,596 43,490 219,446 99,433 11,651 1,406 622,022 $ 260,981 $ 43,490 $ 220,654 $ 99,861 $ 12,199 $ 1,474 $ 638,659 December 31, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Ending balance - individually evaluated for impairment $ 752 $ — $ 64 $ 32 $ 2 $ — $ — $ 850 Ending balance - collectively evaluated for impairment 1,512 1,421 920 2,254 132 — 49 6,288 $ 2,264 $ 1,421 $ 984 $ 2,286 $ 134 $ — $ 49 $ 7,138 Ending loan balance - individually evaluated for impairment $ 11,517 $ — $ 1,221 $ 880 $ 563 $ 69 $ 14,250 Ending loan balance - collectively evaluated for impairment 258,137 43,127 228,036 91,942 11,468 1,472 634,182 $ 269,654 $ 43,127 $ 229,257 $ 92,822 $ 12,031 $ 1,541 $ 648,432 Three Months Ended March 31, 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 — — — — — — — — Recoveries 5 — 34 — 2 — — 41 Net recoveries 5 — 34 — 2 — — 41 Provision for (reversal of) loan losses 343 (996) 221 340 18 — 74 — Ending Balance $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Ending balance - individually evaluated for impairment $ 905 $ — $ 91 $ 32 $ 2 $ — $ — $ 1,030 Ending balance - collectively evaluated for impairment 1,667 1,740 621 2,547 240 1 239 7,055 $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Ending loan balance - individually evaluated for impairment $ 12,259 $ — $ 1,934 $ 1,106 $ 859 $ 74 $ 16,232 Ending loan balance - collectively evaluated for impairment 258,720 44,725 236,684 107,827 11,855 1,072 660,883 $ 270,979 $ 44,725 $ 238,618 $ 108,933 $ 12,714 $ 1,146 $ 677,115 The following tables present the credit quality breakdown of our loan portfolio by class: March 31, 2020 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 260,609 $ — $ 372 $ 260,981 Commercial 42,290 1,200 — 43,490 Commercial real estate 217,509 2,331 814 220,654 ADC 99,563 — 298 99,861 Home equity/2nds 11,807 392 — 12,199 Consumer 1,474 — — 1,474 $ 633,252 $ 3,923 $ 1,484 $ 638,659 December 31, 2019 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 265,510 $ — $ 4,144 $ 269,654 Commercial 41,927 1,200 — 43,127 Commercial real estate 225,363 2,835 1,059 229,257 ADC 92,304 — 518 92,822 Home equity/2nds 11,490 402 139 12,031 Consumer 1,541 — — 1,541 $ 638,135 $ 4,437 $ 5,860 $ 648,432 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: March 31, 2020 Past Due 30-59 60-89 90+ Non- Days Days Days Total Current Total Accrual (dollars in thousands) Residential mortgage $ 2,176 $ 85 $ 5,016 $ 7,277 $ 253,704 $ 260,981 $ 6,696 Commercial — — — — 43,490 43,490 — Commercial real estate 299 — 126 425 220,229 220,654 234 ADC 652 — — 652 99,209 99,861 173 Home equity/2nds — — 133 133 12,066 12,199 143 Consumer 161 — — 161 1,313 1,474 — $ 3,288 $ 85 $ 5,275 $ 8,648 $ 630,011 $ 638,659 $ 7,246 December 31, 2019 Past Due 30-59 60-89 90+ Non- Days Days Days Total Current Total Accrual (dollars in thousands) Residential mortgage $ 3,183 $ 81 $ 2,200 $ 5,464 $ 264,190 $ 269,654 $ 3,766 Commercial — — — — 43,127 43,127 — Commercial real estate — — 126 126 229,131 229,257 237 ADC — 89 — 89 92,733 92,822 89 Home equity/2nds — — 139 139 11,892 12,031 150 Consumer — 15 — 15 1,526 1,541 — $ 3,183 $ 185 $ 2,465 $ 5,833 $ 642,599 $ 648,432 $ 4,242 We did not have any loans greater than 90 days past due and still accruing as of March 31, 2020 or December 31, 2019. 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 $467,000 and $412,000 for the three months ended March 31, 2020 and 2019, respectively. The actual interest income recorded on those loans was approximately $60,000 and $22,000 for the three months ended March 31, 2020 and 2019, respectively. The following tables summarize impaired loans: March 31, 2020 December 31, 2019 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 10,086 $ 9,825 $ — $ 7,258 $ 7,035 $ — Commercial — — — — — — Commercial real estate 905 661 — 908 668 — ADC 328 324 — 752 752 — Home equity/2nds 956 548 — 996 553 — Consumer 66 66 — 69 69 — With a related Allowance: Residential mortgage 4,682 4,560 742 4,604 4,482 752 Commercial — — — — — — Commercial real estate 547 547 62 553 553 64 ADC 104 104 29 128 128 32 Home equity/2nds — — — 12 10 2 Consumer 2 2 — — — — Totals: Residential mortgage 14,768 14,385 742 11,862 11,517 752 Commercial — — — — — — Commercial real estate 1,452 1,208 62 1,461 1,221 64 ADC 432 428 29 880 880 32 Home equity/2nds 956 548 — 1,008 563 2 Consumer 68 68 — 69 69 — Three Months Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 9,648 $ 89 $ 6,668 $ 69 Commercial — — — — Commercial real estate 664 15 1,204 17 ADC 235 5 1,058 7 Home equity/2nds 553 6 853 13 Consumer 82 1 35 1 With a related Allowance: Residential mortgage 4,571 57 5,751 81 Commercial — — 215 — Commercial real estate 549 8 758 8 ADC 104 1 134 2 Home equity/2nds — — 12 — Consumer 2 1 40 — Totals: Residential mortgage 14,219 146 12,419 150 Commercial — — 215 — Commercial real estate 1,213 23 1,962 25 ADC 339 6 1,192 9 Home equity/2nds 553 6 865 13 Consumer 84 2 75 1 There were $674,000 and $1.4 million in consumer mortgage properties included in real estate acquired through foreclosure at March 31, 2020 and December 31, 2019, 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 $5.1 million as of March 31, 2020 and $2.3 million as of December 31, 2019. TDRs See discussion above in this Note regarding the CARES Act relating to loan modifications during the COVID-19 pandemic. Our portfolio of TDRs was accounted for under the following methods: March 31, 2020 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 31 $ 7,615 1 $ 85 32 $ 7,700 Commercial real estate 2 974 — — 2 974 ADC 1 129 — — 1 129 Consumer 2 68 — — 2 68 36 $ 8,786 1 $ 85 37 $ 8,871 December 31, 2019 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 31 $ 7,675 1 $ 85 32 $ 7,760 Commercial real estate 2 984 — — 2 984 ADC 1 130 — — 1 130 Consumer 2 69 — — 2 69 36 $ 8,858 1 $ 85 37 $ 8,943 There were no TDRs that defaulted during the three months ended March 31, 2020 or 2019 which were modified during the previous 12 month period. We did not modify any loans that would qualify as TDRs during the three months ended March 31, 2020 or 2019.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2020
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 rules 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 have developed a “Community Bank Leverage Ratio” (the ratio of a bank’s tier 1 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 have set the Community Bank Leverage Ratio at 9%. A financial institution can elect to be subject to this new definition, which we did on January 1, 2020. The CARES Act temporarily lowered this ratio to 8% beginning in the second quarter of 2020. The ratio would then rise to 8.5% for 2021 until it re-establishes at the 9% on January 1, 2022. As of the date of our last regulatory exam, the Bank was considered “well capitalized” and as of March 31, 2020, 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 March 31, 2020 (dollars in thousands) Community bank leverage ratio $ 117,632 14.1 % N/A N/A N/A N/A $ 75,221 9.0 % December 31, 2019 Common Equity Tier 1 Capital (to risk-weighted assets) $ 117,492 18.5 % $ 28,617 4.5 % $ 44,515 7.0 % $ 41,336 6.5 % Total capital (to risk-weighted assets) 124,619 19.6 % 50,875 8.0 % 66,773 10.5 % 63,593 10.0 % Tier 1 capital (to risk-weighted assets) 117,492 18.5 % 38,156 6.0 % 54,054 8.5 % 50,875 8.0 % Tier 1 capital (to average quarterly assets) 117,492 13.4 % 34,995 4.0 % 56,867 6.5 % 43,744 5.0 %

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
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 and are determined using the treasury stock method. There were 10,500 shares that were anti-dilutive for the three months ended March 31, 2020. There were no shares that were anti-dilutive for the three months ended March 31, 2019 . Information relating to the calculations of our income per common share is summarized as follows: Three Months Ended March 31, 2020 2019 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,812,642 12,773,259 Dilution 37,499 84,384 Weighted-average share outstanding - diluted 12,850,141 12,857,643 Net income $ 565 $ 2,609 Net income per share - basic $ 0.04 $ 0.20 Net income per share - diluted $ 0.04 $ 0.20

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
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 2008 plan was 500,000 plus any shares forfeited under the Company’s old stock-based compensation plan. Under the terms of the 2008 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 2008 stock-based compensation was granted under terms and conditions determined by the Compensation Committee of the Board of Directors. Under the 2008 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 the 2008 plan expired in March of 2018. The 2019 Equity Incentive Plan, with similar provisions as the 2008 plan and 500,000 shares available for grant was approved at the stockholders’ meeting in May of 2019. We account for stock-based compensation in accordance with FASB Accounting Standards Codification (“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 Income 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 Income for the three months ended March 31, 2020 and 2019 totaled $34,000 and $43,000, respectively. Information regarding our stock-based compensation plan is as follows as of and for the three months ended March 31: 2020 2019 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 234,173 $ 6.60 349,023 $ 6.32 Granted 10,500 8.26 — — Exercised (2,050) 6.78 (15,511) 5.24 Forfeited — — (11,500) 5.46 Outstanding at end of period 242,623 $ 6.67 2.7 $ 69 322,012 $ 6.41 3.3 $ 989 Exercisable at end of period 159,884 $ 6.37 2.3 $ 69 175,189 $ 5.96 2.6 $ 617 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 three months ended March 31, 2020. There were no options granted in 2019. Expected life 5.5 years Risk-free interest rate 0.95 % Expected volatility 27.83 % Expected dividend yield $ 1.95 Weighted average per share fair value of options granted $ 1.75 As of March 31, 2020, there was $242,000 of total unrecognized stock-based compensation expense related to nonvested stock options, which is expected to be recognized over the next 72 months.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
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. March 31, December 31, 2020 2019 (dollars in thousands) Standby letters of credit $ 2,741 $ 3,325 Home equity lines of credit 16,011 16,917 Unadvanced construction commitments 74,975 79,378 Mortgage loan commitments - 701 Lines of credit 19,344 16,501 Loans sold and serviced with limited repurchase provisions 55,271 76,536 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 March 31, 2020 and December 31, 2019 for guarantees under standby letters of credit issued was $9,000 and $14,000, 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 December 31, 2019 not reflected in the accompanying statements of financial condition included three loans totaling $701,000. No such commitments existed at March 31, 2020. 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 did not repurchase any loans during the three months ended March 31, 2020 or 2019. 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 March 31, 2020, 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 March 31, 2020 were approximately $31.0 million, or 4.5% of total deposits, and $18.6 million, or 2.9% of total loans, respectively. Deposit and loan balances at December 31, 2019 were approximately $22.8 million, or 3.4% of total deposits, and $14.0 million, or 2.2% of total loans, respectively. • • three months ended March 31, 2020 was approximately $100.8 million. The volume of deposits in the accounts of medical-use cannabis customers for the three months ended March 31, 2019 was approximately $49.5 million.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 8 - Fair Value Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. 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 three months ended March 31, 2020: 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. government agency notes $ 5,031 $ — $ 5,031 $ — $ — AFS Securities - corporate obligations 2,000 — 2,000 — — AFS Securities - mortgage-backed securities 11,811 — 11,811 — — Loans held for sale ("LHFS") 21,996 — 21,996 — (200) Mortgage servicing rights ("MSRs") 240 — — 240 (83) Interest-rate lock commitments ("IRLCs") 344 — — 344 165 Best efforts forward contracts 835 — 835 — 812 Mandatory forward contracts 584 — 584 — 561 Liabilities: IRLCs 405 — — 405 (405) Best efforts forward contracts 18 — 18 — (18) 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, 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. government agency notes $ 5,019 $ — $ 5,019 $ — $ — AFS Securities - mortgage-backed securities 7,887 — 7,887 — — LHFS 10,910 — 10,910 — (5) MSRs 323 — — 323 (114) IRLCs 179 — — 179 79 Mandatory forward contracts 23 — 23 — 39 Best efforts forward contracts 23 — 23 — 23 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) March 31, 2020: (dollars in thousands) MSRs (1) $ 240 Market Approach Weighted average prepayment speed 16.70 % IRLCs - net liability 61 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 87 % December 31, 2019: MSRs (1) $ 323 Market Approach Weighted average prepayment speed 11.10 % IRLCs - asset 179 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 83 % (1) The weighted average was calculated with reference to the principle balance of the underlying mortgages. The following table shows the activity in the MSRs: Three Months Ended March 31, 2020 2019 (dollars in thousands) Beginning balance $ 323 $ 437 Valuation adjustment (83) (37) Ending balance $ 240 $ 400 The following table shows the activity in the IRLCs: Three Months Ended March 31, 2020 2019 (dollars in thousands) Beginning balance $ 179 $ 100 Valuation adjustment (240) 235 Ending balance $ (61) $ 335 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: March 31, 2020 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (2) (dollars in thousands) Impaired loans $ 4,378 $ — $ — $ 4,378 0% - 15% 7 % Real estate acquired through foreclosure 471 — — 471 0% - 17% 17 % (1) Discount based on current market conditions and estimated selling costs (2) Inputs are weighted based on the relative fair values of the instruments. December 31, 2019 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (2) (dollars in thousands) Impaired loans $ 4,437 $ — $ — $ 4,437 0% - 160% 8 % Real estate acquired through foreclosure 1,174 — — 1,174 0% - 16% 10 % (1) Discount based on current market conditions and estimated selling costs (2) Inputs are weighted based on the relative fair values of the instruments 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: March 31, 2020 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 115,636 $ 115,636 $ — $ — $ 115,636 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 18,842 — 18,842 — 18,842 HTM securities 22,737 1,015 22,442 — 23,457 LHFS 21,996 — 21,996 — 21,996 Loans receivable, net 628,032 — — 616,259 616,259 Restricted stock investments 2,299 — 2,299 — 2,299 Accrued interest receivable 2,275 — 2,275 — 2,275 MSRs 240 — — 240 240 IRLCs 344 — — 344 344 Mandatory forward contracts 584 — 584 — 584 Best effort forward contracts 835 — 835 — 835 Liabilities: Deposits 690,212 — 694,660 — 694,660 Accrued interest payable 308 — 308 — 308 Borrowings 35,000 — 35,495 — 35,495 Subordinated debentures 20,619 — — 18,846 18,846 IRLCs 405 — — 405 405 Best effort forward contracts 18 — 18 — 18 December 31, 2019 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 88,193 $ 88,193 $ — $ — $ 88,193 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 12,906 — 12,906 — 12,906 HTM securities 25,960 1,008 25,150 — 26,158 LHFS 10,910 — 10,910 — 10,910 Loans receivable, net 638,547 — — 647,238 647,238 Restricted stock investments 2,431 — 2,431 — 2,431 Accrued interest receivable 2,458 — 2,458 — 2,458 MSRs 323 — — 323 323 IRLCs 179 — — 179 179 Mandatory forward contracts 23 — 23 — 23 Best effort forward contracts 23 — 23 — 23 Liabilities: Deposits 661,049 — 662,418 — 662,418 Accrued interest payable 317 — 317 — 317 Borrowings 35,000 — 35,063 — 35,063 Subordinated debentures 20,619 — — 16,754 16,754 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 three months ended March 31, 2020 or 2019 or for the year ended December 31, 2019.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020 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 2019 Annual Report on Form 10‑K as filed with the Securities and Exchange Commission (“SEC”). COVID-19 Risks and Uncertainties The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the U.S. and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to a target range of 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of COVID-19, economic uncertainties have arisen which are likely to negatively impact net interest income, noninterest income, credit quality, the allowance for loan losses (“Allowance”), and the provision for loan losses. Additionally, there could be a potential for goodwill impairment. Other financial impact could occur though such potential impact is unknown at this time.
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.
Use of Estimates	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, the valuation of real estate acquired through foreclosure, and the valuation of deferred tax assets and liabilities.
Cash and Cash Equivalents	Cash Flows 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 Issued In September 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 was originally 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. In October, 2019, that proposal was finalized with the issuance of ASU 2019-05, Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief . ASU 2019-05 was issued to address concerns with the adoption of ASU 2016-13. ASU 2019-05 gives entities the ability to irrevocably elect the fair value option in Subtopic 825-10 for certain existing financial assets upon transition to ASU 2016-03. Financial assets that are eligible for this fair value election are those that qualify under Subtopic 825-10 and are within the scope of Subtopic 326-10, Financial Instruments - Credit Losses - Measured at Amortized Costs. An exception to this is held-to-maturity (“HTM”) debt securities, which do not qualify for this transition election. The effective date for the amendment is the same as the effective date in ASU 2016-03. In November 2019, FASB issued ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates . ASU 2019-10 was issued to defer the effective dates for certain guidance for certain entities. The amendments in this update amend the mandatory effective dates for ASC 326, Financial Instruments - Credit Losses , for entities eligible to be smaller reporting companies as defined by the SEC for fiscal years beginning after December 15, 2022, including interim reporting periods within that reporting period. 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 Bank has been updating the data and the process by which data will be transferred to the third party vendor, so that they have all of the information necessary for CECL calculations. This process is complete. The next stage in the process is to convert to the vendor’s incurred loss model, which must be completed prior to the final conversion to CECL. This process is almost complete. Management, in conjunction with the third party vendor, has also begun determining which economic factors are most directly responsible for Bank’s historical losses. The third party vendor has also started to recommend pools to be used for CECL calculations, and appropriate methods (as prescribed 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. Although the implementation of CECL has been delayed, the Bank is continuing with the implementation at a pace to ensure that we will 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. In November 2019, FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. ASU 2019-11 was issued to address issues raised by stakeholders during the implementation of ASU 2016-13. ASU 2019-11 provides transition relief when adjusting the effective interest rate for troubled debt restructure loans (“TDR” or “TDRs”) that exist as of the adoption date, extends the disclosure relief in ASU 2019-04 to disclose accrued interest receivable balances separately from the amortized cost basis to additional disclosures involving amortized cost basis, and provides clarification regarding application of the guidance in paragraph 326-20-35-6 for financial assets secured by collateral maintenance provisions that provide a practical expedient to measure the estimate of expected credit losses by comparing the amortized cost basis of a financial asset and the fair value of collateral securing the financial asset as of the reporting date. The effective date and transition requirements for the amendment are the same as the effective date and transition requirements in ASU 2016-13. In December 2019, FASB issued ASU No. 2019-12, Simplifying the Accounting for Taxes , which simplifies the accounting for incomes taxes by removing certain exceptions in the current codification. The standard is effective for fiscal years beginning after December 15, 2020. The adoption of ASU No. 2019 12 is not expected to have a material impact on our financial position, results of operations, or cash flows. In January 2020, FASB issued ASU No. 2020-01, Investments – Equity securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) , which clarifies the interaction between the three Topics. The standard is effective for fiscal years beginning after December 15, 2020. The adoption of ASU No. 2020 01 is not expected to have a material impact on our financial position, results of operations, or cash flows.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. government agency notes $ 5,020 $ 11 $ — $ 5,031 Corporate obligations 2,000 — — 2,000 Mortgage-backed securities 11,679 172 40 11,811 $ 18,699 $ 183 $ 40 $ 18,842 December 31, 2019 Amortized Unrealized Unrealized Cost Gains Losses Fair Value (dollars in thousands) U.S. government agency notes $ 5,017 $ 2 $ — $ 5,019 Mortgage-backed securities 7,951 — 64 7,887 $ 12,968 $ 2 $ 64 $ 12,906
Amortized cost and fair value of investment securities held to maturity	The amortized cost and fair values of our HTM securities portfolio were as follows: March 31, 2020 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 996 $ 19 $ — $ 1,015 U.S. government agency notes 2,985 156 — 3,141 Mortgage-backed securities 18,756 548 3 19,301 $ 22,737 $ 723 $ 3 $ 23,457 December 31, 2019 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (dollars in thousands) U.S. Treasury securities $ 994 $ 14 $ — $ 1,008 U.S. government agency notes 4,986 100 5 5,081 Mortgage-backed securities 19,980 114 25 20,069 $ 25,960 $ 228 $ 30 $ 26,158
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: March 31, 2020 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) Mortgage-backed securities 2 $ 2,121 $ 40 — $ — $ — 2 $ 2,121 $ 40 2 $ 2,121 $ 40 — $ — $ — 2 $ 2,121 $ 40 December 31, 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) Mortgage-backed securities 7 $ 7,887 $ 64 — $ — $ — 7 $ 7,887 $ 64 7 $ 7,887 $ 64 — $ — $ — 7 $ 7,887 $ 64
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: March 31, 2020 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) Mortgage-backed securities 1 $ 148 $ 3 — $ — $ — 1 $ 148 $ 3 1 $ 148 $ 3 — $ — $ — 1 $ 148 $ 3 December 31, 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 — $ — $ — 3 $ 3,003 $ 5 3 3,003 5 Mortgage-backed securities 2 2,544 17 2 1,238 8 4 3,782 25 2 $ 2,544 $ 17 5 $ 4,241 $ 13 7 $ 6,785 $ 30
Amortized cost and estimated fair value of debt securities	Contractual maturities of debt securities at March 31, 2020 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 $ 3,005 $ 3,016 $ 2,000 $ 2,024 Due after one through five years — — 1,981 2,132 Due after five years through ten years 4,015 4,015 — — Mortgage-backed securities 11,679 11,811 18,756 19,301 $ 18,699 $ 18,842 $ 22,737 $ 23,457

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2020
Loans Receivable and Allowance for Loan Losses [Abstract]
Summary of loans receivable	Loans receivable are summarized as follows: March 31, 2020 December 31, 2019 (dollars in thousands) Residential mortgage $ 260,981 $ 269,654 Commercial 43,490 43,127 Commercial real estate 220,654 229,257 Construction, land acquisition, and development 99,861 92,822 Home equity/2nds 12,199 12,031 Consumer 1,474 1,541 Total loans receivable 638,659 648,432 Unearned loan fees (2,709) (2,747) Loans receivable $ 635,950 $ 645,685
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 March 31, 2020 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Beginning Balance $ 2,264 $ 1,421 $ 984 $ 2,286 $ 134 $ — $ 49 $ 7,138 Charge-offs — — — — — (15) — (15) Recoveries 3 5 32 — 2 3 — 45 Net recoveries (charge-offs) 3 5 32 — 2 (12) — 30 Provision for loan losses 217 139 24 329 15 12 14 750 Ending Balance $ 2,484 $ 1,565 $ 1,040 $ 2,615 $ 151 $ — $ 63 $ 7,918 Ending balance - individually evaluated for impairment $ 742 $ — $ 62 $ 29 $ — $ — $ — $ 833 Ending balance - collectively evaluated for impairment 1,742 1,565 978 2,586 151 — 63 7,085 $ 2,484 $ 1,565 $ 1,040 $ 2,615 $ 151 $ — $ 63 $ 7,918 Ending loan balance -individually evaluated for impairment $ 14,385 $ — $ 1,208 $ 428 $ 548 $ 68 $ 16,637 Ending loan balance -collectively evaluated for impairment 246,596 43,490 219,446 99,433 11,651 1,406 622,022 $ 260,981 $ 43,490 $ 220,654 $ 99,861 $ 12,199 $ 1,474 $ 638,659 December 31, 2019 Residential Commercial Home Equity/ Mortgage Commercial Real Estate ADC 2nds Consumer Unallocated Total (dollars in thousands) Ending balance - individually evaluated for impairment $ 752 $ — $ 64 $ 32 $ 2 $ — $ — $ 850 Ending balance - collectively evaluated for impairment 1,512 1,421 920 2,254 132 — 49 6,288 $ 2,264 $ 1,421 $ 984 $ 2,286 $ 134 $ — $ 49 $ 7,138 Ending loan balance - individually evaluated for impairment $ 11,517 $ — $ 1,221 $ 880 $ 563 $ 69 $ 14,250 Ending loan balance - collectively evaluated for impairment 258,137 43,127 228,036 91,942 11,468 1,472 634,182 $ 269,654 $ 43,127 $ 229,257 $ 92,822 $ 12,031 $ 1,541 $ 648,432 Three Months Ended March 31, 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 — — — — — — — — Recoveries 5 — 34 — 2 — — 41 Net recoveries 5 — 34 — 2 — — 41 Provision for (reversal of) loan losses 343 (996) 221 340 18 — 74 — Ending Balance $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Ending balance - individually evaluated for impairment $ 905 $ — $ 91 $ 32 $ 2 $ — $ — $ 1,030 Ending balance - collectively evaluated for impairment 1,667 1,740 621 2,547 240 1 239 7,055 $ 2,572 $ 1,740 $ 712 $ 2,579 $ 242 $ 1 $ 239 $ 8,085 Ending loan balance - individually evaluated for impairment $ 12,259 $ — $ 1,934 $ 1,106 $ 859 $ 74 $ 16,232 Ending loan balance - collectively evaluated for impairment 258,720 44,725 236,684 107,827 11,855 1,072 660,883 $ 270,979 $ 44,725 $ 238,618 $ 108,933 $ 12,714 $ 1,146 $ 677,115
Credit quality breakdown of loan portfolio by class	The following tables present the credit quality breakdown of our loan portfolio by class: March 31, 2020 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 260,609 $ — $ 372 $ 260,981 Commercial 42,290 1,200 — 43,490 Commercial real estate 217,509 2,331 814 220,654 ADC 99,563 — 298 99,861 Home equity/2nds 11,807 392 — 12,199 Consumer 1,474 — — 1,474 $ 633,252 $ 3,923 $ 1,484 $ 638,659 December 31, 2019 Special Pass Mention Substandard Total (dollars in thousands) Residential mortgage $ 265,510 $ — $ 4,144 $ 269,654 Commercial 41,927 1,200 — 43,127 Commercial real estate 225,363 2,835 1,059 229,257 ADC 92,304 — 518 92,822 Home equity/2nds 11,490 402 139 12,031 Consumer 1,541 — — 1,541 $ 638,135 $ 4,437 $ 5,860 $ 648,432
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: March 31, 2020 Past Due 30-59 60-89 90+ Non- Days Days Days Total Current Total Accrual (dollars in thousands) Residential mortgage $ 2,176 $ 85 $ 5,016 $ 7,277 $ 253,704 $ 260,981 $ 6,696 Commercial — — — — 43,490 43,490 — Commercial real estate 299 — 126 425 220,229 220,654 234 ADC 652 — — 652 99,209 99,861 173 Home equity/2nds — — 133 133 12,066 12,199 143 Consumer 161 — — 161 1,313 1,474 — $ 3,288 $ 85 $ 5,275 $ 8,648 $ 630,011 $ 638,659 $ 7,246 December 31, 2019 Past Due 30-59 60-89 90+ Non- Days Days Days Total Current Total Accrual (dollars in thousands) Residential mortgage $ 3,183 $ 81 $ 2,200 $ 5,464 $ 264,190 $ 269,654 $ 3,766 Commercial — — — — 43,127 43,127 — Commercial real estate — — 126 126 229,131 229,257 237 ADC — 89 — 89 92,733 92,822 89 Home equity/2nds — — 139 139 11,892 12,031 150 Consumer — 15 — 15 1,526 1,541 — $ 3,183 $ 185 $ 2,465 $ 5,833 $ 642,599 $ 648,432 $ 4,242
Summary of Impaired loans	The following tables summarize impaired loans: March 31, 2020 December 31, 2019 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 10,086 $ 9,825 $ — $ 7,258 $ 7,035 $ — Commercial — — — — — — Commercial real estate 905 661 — 908 668 — ADC 328 324 — 752 752 — Home equity/2nds 956 548 — 996 553 — Consumer 66 66 — 69 69 — With a related Allowance: Residential mortgage 4,682 4,560 742 4,604 4,482 752 Commercial — — — — — — Commercial real estate 547 547 62 553 553 64 ADC 104 104 29 128 128 32 Home equity/2nds — — — 12 10 2 Consumer 2 2 — — — — Totals: Residential mortgage 14,768 14,385 742 11,862 11,517 752 Commercial — — — — — — Commercial real estate 1,452 1,208 62 1,461 1,221 64 ADC 432 428 29 880 880 32 Home equity/2nds 956 548 — 1,008 563 2 Consumer 68 68 — 69 69 — Three Months Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 9,648 $ 89 $ 6,668 $ 69 Commercial — — — — Commercial real estate 664 15 1,204 17 ADC 235 5 1,058 7 Home equity/2nds 553 6 853 13 Consumer 82 1 35 1 With a related Allowance: Residential mortgage 4,571 57 5,751 81 Commercial — — 215 — Commercial real estate 549 8 758 8 ADC 104 1 134 2 Home equity/2nds — — 12 — Consumer 2 1 40 — Totals: Residential mortgage 14,219 146 12,419 150 Commercial — — 215 — Commercial real estate 1,213 23 1,962 25 ADC 339 6 1,192 9 Home equity/2nds 553 6 865 13 Consumer 84 2 75 1
Schedule of Troubled Debt Restructure Loans	March 31, 2020 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 31 $ 7,615 1 $ 85 32 $ 7,700 Commercial real estate 2 974 — — 2 974 ADC 1 129 — — 1 129 Consumer 2 68 — — 2 68 36 $ 8,786 1 $ 85 37 $ 8,871 December 31, 2019 Total Total Number of Accrual Number of Nonaccrual Number of Balance of Modifications Status Modifications Status Modifications Modifications (dollars in thousands) Residential mortgage 31 $ 7,675 1 $ 85 32 $ 7,760 Commercial real estate 2 984 — — 2 984 ADC 1 130 — — 1 130 Consumer 2 69 — — 2 69 36 $ 8,858 1 $ 85 37 $ 8,943

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 (dollars in thousands) Community bank leverage ratio $ 117,632 14.1 % N/A N/A N/A N/A $ 75,221 9.0 % December 31, 2019 Common Equity Tier 1 Capital (to risk-weighted assets) $ 117,492 18.5 % $ 28,617 4.5 % $ 44,515 7.0 % $ 41,336 6.5 % Total capital (to risk-weighted assets) 124,619 19.6 % 50,875 8.0 % 66,773 10.5 % 63,593 10.0 % Tier 1 capital (to risk-weighted assets) 117,492 18.5 % 38,156 6.0 % 54,054 8.5 % 50,875 8.0 % Tier 1 capital (to average quarterly assets) 117,492 13.4 % 34,995 4.0 % 56,867 6.5 % 43,744 5.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,812,642 12,773,259 Dilution 37,499 84,384 Weighted-average share outstanding - diluted 12,850,141 12,857,643 Net income $ 565 $ 2,609 Net income per share - basic $ 0.04 $ 0.20 Net income per share - diluted $ 0.04 $ 0.20

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Information regarding stock option plan	Information regarding our stock-based compensation plan is as follows as of and for the three months ended March 31: 2020 2019 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 234,173 $ 6.60 349,023 $ 6.32 Granted 10,500 8.26 — — Exercised (2,050) 6.78 (15,511) 5.24 Forfeited — — (11,500) 5.46 Outstanding at end of period 242,623 $ 6.67 2.7 $ 69 322,012 $ 6.41 3.3 $ 989 Exercisable at end of period 159,884 $ 6.37 2.3 $ 69 175,189 $ 5.96 2.6 $ 617
Stock options valuation assumptions	Expected life 5.5 years Risk-free interest rate 0.95 % Expected volatility 27.83 % Expected dividend yield $ 1.95 Weighted average per share fair value of options granted $ 1.75

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies [Abstract]
Schedule of commitments and guarantees	March 31, December 31, 2020 2019 (dollars in thousands) Standby letters of credit $ 2,741 $ 3,325 Home equity lines of credit 16,011 16,917 Unadvanced construction commitments 74,975 79,378 Mortgage loan commitments - 701 Lines of credit 19,344 16,501 Loans sold and serviced with limited repurchase provisions 55,271 76,536

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020: 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. government agency notes $ 5,031 $ — $ 5,031 $ — $ — AFS Securities - corporate obligations 2,000 — 2,000 — — AFS Securities - mortgage-backed securities 11,811 — 11,811 — — Loans held for sale ("LHFS") 21,996 — 21,996 — (200) Mortgage servicing rights ("MSRs") 240 — — 240 (83) Interest-rate lock commitments ("IRLCs") 344 — — 344 165 Best efforts forward contracts 835 — 835 — 812 Mandatory forward contracts 584 — 584 — 561 Liabilities: IRLCs 405 — — 405 (405) Best efforts forward contracts 18 — 18 — (18) 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, 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. government agency notes $ 5,019 $ — $ 5,019 $ — $ — AFS Securities - mortgage-backed securities 7,887 — 7,887 — — LHFS 10,910 — 10,910 — (5) MSRs 323 — — 323 (114) IRLCs 179 — — 179 79 Mandatory forward contracts 23 — 23 — 39 Best efforts forward contracts 23 — 23 — 23
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) March 31, 2020: (dollars in thousands) MSRs (1) $ 240 Market Approach Weighted average prepayment speed 16.70 % IRLCs - net liability 61 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 87 % December 31, 2019: MSRs (1) $ 323 Market Approach Weighted average prepayment speed 11.10 % IRLCs - asset 179 Market Approach Range of pull through rate 70% - 95 % Average pull through rate 83 %
Schedule of activity of servicing assets at fair value	The following table shows the activity in the MSRs: Three Months Ended March 31, 2020 2019 (dollars in thousands) Beginning balance $ 323 $ 437 Valuation adjustment (83) (37) Ending balance $ 240 $ 400 The following table shows the activity in the IRLCs: Three Months Ended March 31, 2020 2019 (dollars in thousands) Beginning balance $ 179 $ 100 Valuation adjustment (240) 235 Ending balance $ (61) $ 335
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: March 31, 2020 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (2) (dollars in thousands) Impaired loans $ 4,378 $ — $ — $ 4,378 0% - 15% 7 % Real estate acquired through foreclosure 471 — — 471 0% - 17% 17 % (1) Discount based on current market conditions and estimated selling costs (2) Inputs are weighted based on the relative fair values of the instruments. December 31, 2019 Significant Other Significant Quoted Observable Unobservable Carrying Prices Inputs Inputs Range of Weighted Value (Level 1) (Level 2) (Level 3) Discount (1) Average (2) (dollars in thousands) Impaired loans $ 4,437 $ — $ — $ 4,437 0% - 160% 8 % Real estate acquired through foreclosure 1,174 — — 1,174 0% - 16% 10 % (1) Discount based on current market conditions and estimated selling costs (2) Inputs are weighted based on the relative fair values of the instruments
Estimated fair values of financial instruments	The carrying value and fair value of all financial instruments are summarized in the following tables: March 31, 2020 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 115,636 $ 115,636 $ — $ — $ 115,636 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 18,842 — 18,842 — 18,842 HTM securities 22,737 1,015 22,442 — 23,457 LHFS 21,996 — 21,996 — 21,996 Loans receivable, net 628,032 — — 616,259 616,259 Restricted stock investments 2,299 — 2,299 — 2,299 Accrued interest receivable 2,275 — 2,275 — 2,275 MSRs 240 — — 240 240 IRLCs 344 — — 344 344 Mandatory forward contracts 584 — 584 — 584 Best effort forward contracts 835 — 835 — 835 Liabilities: Deposits 690,212 — 694,660 — 694,660 Accrued interest payable 308 — 308 — 308 Borrowings 35,000 — 35,495 — 35,495 Subordinated debentures 20,619 — — 18,846 18,846 IRLCs 405 — — 405 405 Best effort forward contracts 18 — 18 — 18 December 31, 2019 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 88,193 $ 88,193 $ — $ — $ 88,193 Certificates of deposit held for investment 7,540 7,540 — — 7,540 AFS securities 12,906 — 12,906 — 12,906 HTM securities 25,960 1,008 25,150 — 26,158 LHFS 10,910 — 10,910 — 10,910 Loans receivable, net 638,547 — — 647,238 647,238 Restricted stock investments 2,431 — 2,431 — 2,431 Accrued interest receivable 2,458 — 2,458 — 2,458 MSRs 323 — — 323 323 IRLCs 179 — — 179 179 Mandatory forward contracts 23 — 23 — 23 Best effort forward contracts 23 — 23 — 23 Liabilities: Deposits 661,049 — 662,418 — 662,418 Accrued interest payable 317 — 317 — 317 Borrowings 35,000 — 35,063 — 35,063 Subordinated debentures 20,619 — — 16,754 16,754

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Increase in mortgage banking revenue	$ 1,634	$ 720

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	$ 18,699	$ 12,968
Unrealized Gains	183	2
Unrealized Losses	40	64
Securities available for sale, at fair value	18,842	12,906
U.S. Government Agency Notes [Member]
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	5,020	5,017
Unrealized Gains	11	2
Securities available for sale, at fair value	5,031	5,019
Corporate obligations
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	2,000
Securities available for sale, at fair value	2,000
Mortgage-backed Securities [Member]
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	11,679	7,951
Unrealized Gains	172
Unrealized Losses	40	64
Securities available for sale, at fair value	$ 11,811	$ 7,887

Securities, Held-to-maturity Se

Securities, Held-to-maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	$ 22,737	$ 25,960
Unrealized Gains	723	228
Unrealized Losses	3	30
Fair Value	$ 23,457	$ 26,158
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
Less than 12 Months Securities	1	2
12 Months or Longer Securities		5
Total Securities	1	7
Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 148	$ 2,544
12 Months or More, Fair Value		4,241
Total, Estimated Fair Value	148	6,785
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses	3	17
12 Months or More, Unrealized Losses		13
Total, Unrealized Losses	3	30
U.S. Treasury Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	996	994
Unrealized Gains	19	14
Fair Value	1,015	1,008
U.S. Government Agency Notes [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	2,985	4,986
Unrealized Gains	156	100
Unrealized Losses		5
Fair Value	$ 3,141	$ 5,081
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
Less than 12 Months Securities	1
12 Months or Longer Securities		3
Total Securities	1	3
Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 148
12 Months or More, Fair Value		$ 3,003
Total, Estimated Fair Value	148	3,003
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses	3
12 Months or More, Unrealized Losses		5
Total, Unrealized Losses	3	5
Mortgage-backed Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	18,756	19,980
Unrealized Gains	548	114
Unrealized Losses	3	25
Fair Value	$ 19,301	$ 20,069
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Number Of Position[Abstract]
Less than 12 Months Securities		2
12 Months or Longer Securities		2
Total Securities		4
Fair Value [Abstract]
Less than 12 Months, Fair Value		$ 2,544
12 Months or More, Fair Value		1,238
Total, Estimated Fair Value		3,782
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses		17
12 Months or More, Unrealized Losses		8
Total, Unrealized Losses		$ 25

Securities, Available-for-sale

Securities, Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Less than 12 months Securities	2	7
Total Securities	2	7
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 2,121	$ 7,887
Total, Estimated Fair Value	2,121	7,887
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Losses	40	64
Total, Unrealized Losses	$ 40	$ 64
U.S. Government Agency Notes [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Less than 12 months Securities	2	7
Total Securities	2	7
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months, Fair Value	$ 2,121	$ 7,887
Total, Estimated Fair Value	2,121	7,887
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than 12 Months, Unrealized Losses	40	64
Total, Unrealized Losses	$ 40	$ 64

Securities, Available For Sale

Securities, Available For Sale securities and Held-to-maturity Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)security	Mar. 31, 2019security	Dec. 31, 2019USD ($)
Amortized Cost [Abstract]
Due in one year or less	$ 3,005
Due after five years through ten years	4,015
Mortgage-backed securities	11,679
Amortized Cost	18,699		$ 12,968
Estimated Fair Value [Abstract]
Due in one year or less	3,016
Due after five years through ten years	4,015
Mortgage-backed securities	11,811
Fair Value	18,842		12,906
Amortized Cost [Abstract]
Due in one year or less	2,000
Due after one through five years	1,981
Mortgage-backed securities	18,756
Amortized Cost	22,737		25,960
Estimated Fair Value [Abstract]
Due in one year or less	2,024
Due after one through five years	2,132
Mortgage-backed securities	19,301
Fair Value	$ 23,457		26,158
Number of securities sold during the period | security	0	0
Collateral Pledged
Estimated Fair Value [Abstract]
Securities pledged as collateral for borrowings	$ 0		$ 0

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses, Summary of Loans Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)item	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Summary of loans receivable [Abstract]
Total loans receivable	$ 638,659	$ 648,432	$ 677,115
Unearned loan fees	(2,709)	(2,747)
Loans receivable	635,950	645,685
Loans pledged as collateral	151,800
Federal National Mortgage Association [Member]
Summary of loans receivable [Abstract]
Mortgage loans serviced	25,500	25,900
Federal Home Loan Mortgage Corporation
Summary of loans receivable [Abstract]
Mortgage loans serviced	12,600	13,000
Residential Mortgage [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 260,981	269,654	270,979
Loan to value ratio	80.00%
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	$ 43,490	43,127	44,725
Commercial Real Estate [Member]
Summary of loans receivable [Abstract]
Total loans receivable	220,654	229,257	238,618
ADC [Member]
Summary of loans receivable [Abstract]
Total loans receivable	99,861	92,822	108,933
Home Equity/2nds [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 12,199	12,031	12,714
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	$ 1,474	$ 1,541	$ 1,146

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
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Allowance for Loan losses [Roll Forward]
Beginning Balance	$ 7,138	$ 8,044
Charge-offs	(15)
Recoveries	45	41
Net (charge-offs) recoveries	30	41
Provision for loan losses	750
Ending Balance	7,918	8,085
Ending balance - individually evaluated for impairment			$ 833	$ 850	$ 1,030
Ending balance - collectively evaluated for impairment			7,085	6,288	7,055
Ending balance	7,918	8,085	7,918	7,138	8,085
Ending loan balance - individually evaluated for impairment			16,637	14,250	16,232
Ending loan balance - collectively evaluated for impairment			622,022	634,182	660,883
Total loans receivable			638,659	648,432	677,115
Residential Mortgage [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	2,264	2,224
Recoveries	3	5
Net (charge-offs) recoveries	3	5
Provision for loan losses	217	343
Ending Balance	2,484	2,572
Ending balance - individually evaluated for impairment			742	752	905
Ending balance - collectively evaluated for impairment			1,742	1,512	1,667
Ending balance	2,484	2,572	2,484	2,264	2,572
Ending loan balance - individually evaluated for impairment			14,385	11,517	12,259
Ending loan balance - collectively evaluated for impairment			246,596	258,137	258,720
Total loans receivable			260,981	269,654	270,979
Commercial [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	1,421	2,736
Recoveries	5
Net (charge-offs) recoveries	5
Provision for loan losses	139	(996)
Ending Balance	1,565	1,740
Ending balance - collectively evaluated for impairment			1,565	1,421	1,740
Ending balance	1,565	1,740	1,565	1,421	1,740
Ending loan balance - collectively evaluated for impairment			43,490	43,127	44,725
Total loans receivable			43,490	43,127	44,725
Commercial Real Estate [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	984	457
Recoveries	32	34
Net (charge-offs) recoveries	32	34
Provision for loan losses	24	221
Ending Balance	1,040	712
Ending balance - individually evaluated for impairment			62	64	91
Ending balance - collectively evaluated for impairment			978	920	621
Ending balance	1,040	712	1,040	984	712
Ending loan balance - individually evaluated for impairment			1,208	1,221	1,934
Ending loan balance - collectively evaluated for impairment			219,446	228,036	236,684
Total loans receivable			220,654	229,257	238,618
ADC [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	2,286	2,239
Provision for loan losses	329	340
Ending Balance	2,615	2,579
Ending balance - individually evaluated for impairment			29	32	32
Ending balance - collectively evaluated for impairment			2,586	2,254	2,547
Ending balance	2,615	2,579	2,615	2,286	2,579
Ending loan balance - individually evaluated for impairment			428	880	1,106
Ending loan balance - collectively evaluated for impairment			99,433	91,942	107,827
Total loans receivable			99,861	92,822	108,933
Home Equity/2nds [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	134	222
Recoveries	2	2
Net (charge-offs) recoveries	2	2
Provision for loan losses	15	18
Ending Balance	151	242
Ending balance - individually evaluated for impairment				2	2
Ending balance - collectively evaluated for impairment			151	132	240
Ending balance	151	242	151	134	242
Ending loan balance - individually evaluated for impairment			548	563	859
Ending loan balance - collectively evaluated for impairment			11,651	11,468	11,855
Total loans receivable			12,199	12,031	12,714
Consumer [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance		1
Charge-offs	(15)
Recoveries	3
Net (charge-offs) recoveries	(12)
Provision for loan losses	12
Ending Balance		1
Ending balance - collectively evaluated for impairment					1
Ending balance		1			1
Ending loan balance - individually evaluated for impairment			68	69	74
Ending loan balance - collectively evaluated for impairment			1,406	1,472	1,072
Total loans receivable			1,474	1,541	1,146
Unallocated
Allowance for Loan losses [Roll Forward]
Beginning Balance	49	165
Provision for loan losses	14	74
Ending Balance	63	239
Ending balance - collectively evaluated for impairment			63	49	239
Ending balance	$ 63	$ 239	$ 63	$ 49	$ 239

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses, Credit Quality Breakdown of Loan Portfolio by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	$ 638,659	$ 648,432	$ 677,115
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	633,252	638,135
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	3,923	4,437
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,484	5,860
Residential Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	260,981	269,654	270,979
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	260,609	265,510
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	372	4,144
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	43,490	43,127	44,725
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	42,290	41,927
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,200	1,200
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	220,654	229,257	238,618
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	217,509	225,363
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,331	2,835
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	814	1,059
ADC [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	99,861	92,822	108,933
ADC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	99,563	92,304
ADC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	298	518
Home Equity/2nds [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	12,199	12,031	12,714
Home Equity/2nds [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	11,807	11,490
Home Equity/2nds [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	392	402
Home Equity/2nds [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		139
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,474	1,541	$ 1,146
Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	$ 1,474	$ 1,541

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 ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	$ 8,648		$ 5,833
Current	630,011		642,599
Total loans	638,659	$ 677,115	648,432
Non-accrual	7,246		4,242
Interest which would have been recorded on the loans in nonaccrual status	467	412
Actual interest income recorded on nonaccrual loans	60	22
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	3,288		3,183
60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	85		185
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	5,275		2,465
Residential Mortgage [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	7,277		5,464
Current	253,704		264,190
Total loans	260,981	270,979	269,654
Non-accrual	6,696		3,766
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	2,176		3,183
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	85		81
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	5,016		2,200
Commercial [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Current	43,490		43,127
Total loans	43,490	44,725	43,127
Commercial Real Estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	425		126
Current	220,229		229,131
Total loans	220,654	238,618	229,257
Non-accrual	234		237
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	299
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	126		126
ADC [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	652		89
Current	99,209		92,733
Total loans	99,861	108,933	92,822
Non-accrual	173		89
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	652
ADC [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			89
Home Equity/2nds [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	133		139
Current	12,066		11,892
Total loans	12,199	12,714	12,031
Non-accrual	143		150
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	133		139
Consumer [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	161		15
Current	1,313		1,526
Total loans	1,474	$ 1,146	1,541
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	$ 161
Consumer [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due			$ 15

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Loan Losses, Summary of Impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Interest income recognized [Abstract]
Real estate acquired through foreclosure	$ 1,684		$ 2,387
Residential Mortgage [Member]
Unpaid principal balance [Abstract]
With no related allowance	10,086		7,258
With a related allowance	4,682		4,604
Total	14,768		11,862
Recorded investment [Abstract]
With no related allowance	9,825		7,035
With a related allowance	4,560		4,482
Total	14,385		11,517
Related allowance	742		752
Average recorded investment [Abstract]
With no related allowance	9,648	$ 6,668
With a related allowance	4,571	5,751
Total	14,219	12,419
Interest income recognized [Abstract]
With no related allowance	89	69
With a related allowance	57	81
Total	146	150
Commercial [Member]
Average recorded investment [Abstract]
With a related allowance		215
Total		215
Commercial Real Estate [Member]
Unpaid principal balance [Abstract]
With no related allowance	905		908
With a related allowance	547		553
Total	1,452		1,461
Recorded investment [Abstract]
With no related allowance	661		668
With a related allowance	547		553
Total	1,208		1,221
Related allowance	62		64
Average recorded investment [Abstract]
With no related allowance	664	1,204
With a related allowance	549	758
Total	1,213	1,962
Interest income recognized [Abstract]
With no related allowance	15	17
With a related allowance	8	8
Total	23	25
ADC [Member]
Unpaid principal balance [Abstract]
With no related allowance	328		752
With a related allowance	104		128
Total	432		880
Recorded investment [Abstract]
With no related allowance	324		752
With a related allowance	104		128
Total	428		880
Related allowance	29		32
Average recorded investment [Abstract]
With no related allowance	235	1,058
With a related allowance	104	134
Total	339	1,192
Interest income recognized [Abstract]
With no related allowance	5	7
With a related allowance	1	2
Total	6	9
Home Equity/2nds [Member]
Unpaid principal balance [Abstract]
With no related allowance	956		996
With a related allowance			12
Total	956		1,008
Recorded investment [Abstract]
With no related allowance	548		553
With a related allowance			10
Total	548		563
Related allowance			2
Average recorded investment [Abstract]
With no related allowance	553	853
With a related allowance		12
Total	553	865
Interest income recognized [Abstract]
With no related allowance	6	13
Total	6	13
Consumer [Member]
Unpaid principal balance [Abstract]
With no related allowance	66		69
With a related allowance	2
Total	68		69
Recorded investment [Abstract]
With no related allowance	66		69
With a related allowance	2
Total	68		69
Average recorded investment [Abstract]
With no related allowance	82	35
With a related allowance	2	40
Total	84	75
Interest income recognized [Abstract]
With no related allowance	1	1
With a related allowance	1
Total	2	$ 1
Real estate acquired through foreclosure	674,000,000		1,400
Residential mortgage loans secured by residential real estate properties in formal foreclosure proceedings	$ 5,100		$ 2,300

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses, Loans modified as TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loancontract	Mar. 31, 2019loancontract	Dec. 31, 2019USD ($)contract
Loans modified [Abstract]
Number of modifications | loan	0	0
TDRs loans accounted under method [Abstract]
Number of modifications	36		36
Accrual status | $	$ 8,786		$ 8,858
Number of modifications	1		1
Nonaccrual status | $	$ 85		$ 85
Total number of modifications	37		37
Total balance of modifications | $	$ 8,871		$ 8,943
Number of contract, subsequent defaults	0	0
Residential Mortgage [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	31		31
Accrual status | $	$ 7,615		$ 7,675
Number of modifications	1		1
Nonaccrual status | $	$ 85		$ 85
Total number of modifications	32		32
Total balance of modifications | $	$ 7,700		$ 7,760
Commercial Real Estate [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	2		2
Accrual status | $	$ 974		$ 984
Total number of modifications	2		2
Total balance of modifications | $	$ 974		$ 984
ADC [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	1		1
Accrual status | $	$ 129		$ 130
Total number of modifications	1		1
Total balance of modifications | $	$ 129		$ 130
Consumer [Member]
TDRs loans accounted under method [Abstract]
Number of modifications	2		2
Accrual status | $	$ 68		$ 69
Total number of modifications	2		2
Total balance of modifications | $	$ 68		$ 69

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
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	$ 117,632	$ 117,492
Common Equity Tier I Capital, Ratio	14.10%	18.50%
Common Equity Tier I Capital for Capital Adequacy Purposes, Amount		$ 28,617
Common Equity Tier I Capital for Capital Adequacy Purposes, Ratio		4.50%
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Amount		$ 44,515
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Ratio		7.00%
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Amount	$ 75,221	$ 41,336
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	9.00%	6.50%
Total capital (to risk-weighted assets) [Abstract]
Total Capital, Actual Amount		$ 124,619
Total Capital, Ratio		19.60%
Total For Capital Adequacy Purposes, Amount		$ 50,875
Total For Capital Adequacy Purposes, Ratio		8.00%
Total For Capital Adequacy with Capital Buffer, Amount		$ 66,773
Total For Capital Adequacy with Capital Buffer, Ratio		10.50%
Total To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount		$ 63,593
Total Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio		10.00%
Tier 1 capital (to risk-weighted assets) [Abstract]
Tier I Capital, Actual Amount		$ 117,492
Tier I Capital, Ratio		18.50%
Tier I Capital for Capital Adequacy Purposes, Amount		$ 38,156
Tier I Capital for Capital Adequacy Purposes, Ratio		6.00%
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Amount		$ 54,054
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Ratio		8.50%
Tier I Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount		$ 50,875
Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio		8.00%
Tier 1 capital (to average quarterly assets) [Abstract]
Tier I Capital average, Actual Amount		$ 117,492
Tier I Capital average, Ratio		13.40%
Tier I Capital average for Capital Adequacy Purposes, Amount		$ 34,995
Tier I Capital average for Capital Adequacy Purposes, Ratio		4.00%
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Amount		$ 56,867
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Ratio		6.50%
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount		$ 43,744
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Provisions, Ratio		5.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	10,500	0
Weighted average number of shares outstanding reconciliation [Abstract]
Weighted-average shares outstanding - basic (in shares)	12,812,642	12,773,259
Dilution (in shares)	37,499	84,384
Weighted-average share outstanding - diluted (in shares)	12,850,141	12,857,643
Net income available to common stockholders	$ 565	$ 2,609
Net income per common share - basic (in dollars per share)	$ 0.04	$ 0.20
Net income per common share - diluted (in dollars per share)	$ 0.04	$ 0.20

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	May 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan (in shares)	500,000
Number of shares available for grant				500,000
Stock-based compensation expense	$ 34,000	$ 43,000
Shares [Roll Forward]
Outstanding at beginning of period (in shares)	234,173	349,023	349,023
Granted (in shares)	10,500	0	0
Exercised (in shares)	(2,050)	(15,511)
Forfeited (in shares)		(11,500)
Outstanding at end of period (in shares)	242,623	322,012	234,173
Exercisable at end of period (in shares)	159,884	175,189
Weighted Average Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)	$ 6.60	$ 6.32	$ 6.32
Granted (in dollars per share)	8.26	0
Exercised (in dollars per share)	6.78	5.24
Forfeited (in dollars per share)		5.46
Outstanding at end of period (in dollars per share)	6.67	6.41	$ 6.60
Exercisable at end of period (in dollars per share)	$ 6.37	$ 5.96
Weighted Average Remaining Life [Abstract]
Weighted-average remaining contractual term, outstanding	2 years 8 months 12 days	3 years 3 months 18 days
Weighted-average remaining contractual term, exercisable	2 years 3 months 18 days	2 years 7 months 6 days
Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value of the options outstanding	$ 69,000	$ 989,000
Aggregate intrinsic value of the options exercisable	$ 69,000	617,000
Fair value assumptions for options granted [Abstract]
Expected life	5 years 6 months
Risk-free interest rate	0.95%
Expected volatility	27.83%
Dividend yield	1.95%
Weighted average per share fair value of options granted (in dollars per share)	$ 1.75
Proceeds from exercise of stock options	$ 14,000	$ 81,000
Unrecognized stock-based compensation expense	$ 242,000
Unrecognized stock-based compensation expected to be recognized period	72 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		12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)item
Financial instruments whose contract amount represents credit risk [Abstract]
Deposits	$ 690,212,000		$ 661,049,000
Interest income	6,755,000	$ 8,085,000
Noninterest Income	3,025,000	2,260,000
Standby Letters of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	$ 2,741,000		3,325,000
Letters of credit expiry period	12 months
Letters of credit renewal period	1 year
Current liability for guarantees	$ 9,000		14,000
Home Equity Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	$ 16,011,000		16,917,000
Loan expiry period	10 years
Unadvanced Construction Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	$ 74,975,000		79,378,000
Mortgage Loan Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk			$ 701,000
Number of mortgage loan commitments at fixed interest rate | item			3
Residential mortgage loan commitments	0		$ 701,000
Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	19,344,000		16,501,000
Loans Sold and Serviced with Limited Repurchase Provisions [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	55,271,000		76,536,000
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	$ 31,000,000		22,800,000
Loan balances	$ 18,600,000		$ 14,000,000
Percentage of deposits in total deposits	4.50%		3.40%
Percentage of loans in total loans	2.90%		2.20%
Interest income	$ 155,000	195,000
Noninterest Income	519,000	450,000
Volume of deposits accepted	$ 100,800,000	$ 49,500,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	$ 18,842	$ 12,906
U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	5,031	5,019
Mortgage-backed Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	11,811	7,887
Level 2 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	18,842	12,906
Loans held for sale ("LHFS")	21,996	10,910
Best efforts forward contracts	835	23
Level 3 [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	240	323
Interest rate lock commitments ("IRLCs")	344	179
Interest-rate lock commitments ("IRLCs")	405
Carrying Value [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	18,842	12,906
Loans held for sale ("LHFS")	21,996	10,910
Mortgage servicing rights ("MSRs")	240	323
Interest rate lock commitments ("IRLCs")	344	179
Best efforts forward contracts	835	23
Interest-rate lock commitments ("IRLCs")	405
Recurring [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(18)
Recurring [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(200)	(5)
Recurring [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(83)	(114)
Recurring [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	165	79
Recurring [Member] | IRLCs [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	(405)
Recurring [Member] | Mandatory Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	561	39
Recurring [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Total changes in fair values included in period income	812	23
Recurring [Member] | Level 2 [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	18
Recurring [Member] | Level 2 [Member] | U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	5,031	5,019
Recurring [Member] | Level 2 [Member] | Corporate obligations
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	2,000
Recurring [Member] | Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	11,811	7,887
Recurring [Member] | Level 2 [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Loans held for sale ("LHFS")	21,996	10,910
Recurring [Member] | Level 2 [Member] | Mandatory Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mandatory forward contracts	584	23
Recurring [Member] | Level 2 [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	835	23
Recurring [Member] | Level 3 [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	240	323
Recurring [Member] | Level 3 [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest rate lock commitments ("IRLCs")	344	179
Recurring [Member] | Level 3 [Member] | IRLCs [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest-rate lock commitments ("IRLCs")	405
Recurring [Member] | Carrying Value [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	18
Recurring [Member] | Carrying Value [Member] | U.S. Government Agency Notes [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	5,031	5,019
Recurring [Member] | Carrying Value [Member] | Corporate obligations
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	2,000
Recurring [Member] | Carrying Value [Member] | Collateralized Mortgage Backed Securities [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
AFS Securities	11,811	7,887
Recurring [Member] | Carrying Value [Member] | LHFS [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Loans held for sale ("LHFS")	21,996	10,910
Recurring [Member] | Carrying Value [Member] | MSRs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mortgage servicing rights ("MSRs")	240	323
Recurring [Member] | Carrying Value [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest rate lock commitments ("IRLCs")	344	179
Recurring [Member] | Carrying Value [Member] | IRLCs [Member] | IRLCs [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Interest-rate lock commitments ("IRLCs")	405
Recurring [Member] | Carrying Value [Member] | Mandatory Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Mandatory forward contracts	584	23
Recurring [Member] | Carrying Value [Member] | Best Effort Forward Contracts [Member]
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Best efforts forward contracts	$ 835	$ 23

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
	Mar. 31, 2020USD ($)item	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)
MSRs [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	$ 240	$ 400	$ 323	$ 437
Valuation adjustment	$ (83)	(37)
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	0.167		0.111
IRLCs [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets		335	$ 179	$ 100
Fair value estimate, liabilities	$ 61
Valuation adjustment	$ (240)	$ 235
Impaired loans [Member] | Nonrecurring [Member] | Minimum [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Impaired loan, measurement input	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	0.15		1.60
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		0.080
Impaired loans [Member] | Nonrecurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	$ 4,378		$ 4,437
Impaired loans [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	$ 4,378		$ 4,437
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
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	0.17		16
Foreclosed real estate [Member] | Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Discount Rate
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Impaired loan, measurement input | item			10
Real estate acquired through foreclosure, measurement input | item	17
Foreclosed real estate [Member] | Nonrecurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	$ 471		$ 1,174
Foreclosed real estate [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	471		1,174
Market Approach [Member] | MSRs [Member] | Recurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets	240		323
Market Approach [Member] | IRLCs [Member] | Recurring [Member] | Level 3 [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate, assets			$ 179
Fair value estimate, liabilities	$ 61
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
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
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	0.87		0.83

Fair Value of Financial Instr_5

Fair Value of Financial Instruments, Assets, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Assets [Abstract]
AFS Securities	$ 18,842		$ 12,906
HTM securities	23,457		26,158
Liabilities [Abstract]
Assets or liabilities transferred between levels 1, 2 and 3	0	$ 0	0
Carrying Value [Member]
Assets [Abstract]
Cash and cash equivalents	115,636		88,193
Certificates of deposit held as investment	7,540		7,540
AFS Securities	18,842		12,906
HTM securities	22,737		25,960
LHFS	21,996		10,910
Loans receivable, net	628,032		638,547
Restricted stock investments	2,299		2,431
Accrued interest receivable	2,275		2,458
MSRs	240		323
IRLCs	344		179
Best effort forward contracts	835		23
Mandatory forward contracts	584		23
Liabilities [Abstract]
Deposits	690,212		661,049
Accrued interest payable	308		317
Borrowings	35,000		35,000
Subordinated debentures	20,619		20,619
Interest-rate lock commitments ("IRLCs")	405
Best effort forward contracts	18
Total [Member]
Assets [Abstract]
Cash and cash equivalents	115,636		88,193
Certificates of deposit held as investment	7,540		7,540
AFS Securities	18,842		12,906
HTM securities	23,457		26,158
LHFS	21,996		10,910
Loans receivable, net	616,259		647,238
Restricted stock investments	2,299		2,431
Accrued interest receivable	2,275		2,458
MSRs	240		323
IRLCs	344		179
Best effort forward contracts	835		23
Mandatory forward contracts	584		23
Liabilities [Abstract]
Deposits	694,660		662,418
Accrued interest payable	308		317
Borrowings	35,495		35,063
Subordinated debentures	18,846		16,754
Interest-rate lock commitments ("IRLCs")	405
Best effort forward contracts	18
Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents	115,636		88,193
Certificates of deposit held as investment	7,540		7,540
HTM securities	1,015		1,008
Level 2 [Member]
Assets [Abstract]
AFS Securities	18,842		12,906
HTM securities	22,442		25,150
LHFS	21,996		10,910
Restricted stock investments	2,299		2,431
Accrued interest receivable	2,275		2,458
Best effort forward contracts	835		23
Mandatory forward contracts	584		23
Liabilities [Abstract]
Deposits	694,660		662,418
Accrued interest payable	308		317
Borrowings	35,495		35,063
Best effort forward contracts	18
Level 3 [Member]
Assets [Abstract]
Loans receivable, net	616,259		647,238
MSRs	240		323
IRLCs	344		179
Liabilities [Abstract]
Subordinated debentures	18,846		$ 16,754
Interest-rate lock commitments ("IRLCs")	$ 405