Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Dec. 21, 2018 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | BCOW | |
Entity Registrant Name | 1895 Bancorp of Wisconsin, Inc. | |
Entity Central Index Key | 1,751,692 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Common Stock, Shares Outstanding | 0 |
Balance Sheets
Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 8,784 | $ 12,497 |
Fed funds sold | 172 | |
Cash and cash equivalents | 8,956 | 12,497 |
Available for sale securities, stated at fair value | 66,875 | 88,955 |
Loans held for sale | 901 | 217 |
Loans, net of allowance for loan and lease losses of $3,242 and $3,093, respectively | 369,973 | 331,206 |
Federal Home Loan Bank stock, at cost | 1,525 | 1,436 |
Premises and equipment, net | 7,851 | 7,661 |
Mortgage servicing rights, net | 2,137 | 2,270 |
Accrued interest receivable | 1,223 | 1,214 |
Cash value of life insurance | 13,302 | 13,732 |
Other assets | 10,101 | 9,173 |
TOTAL ASSETS | 482,844 | 468,361 |
Liabilities and Equity | ||
Deposits | 392,296 | 389,291 |
Advance payments by borrowers for taxes and insurance | 10,571 | 385 |
Federal Home Loan Bank advances | 36,668 | 34,693 |
Accrued interest payable | 343 | 340 |
Other liabilities | 5,217 | 4,658 |
Total liabilities | 445,095 | 429,367 |
Retained earnings | 39,705 | 39,782 |
Accumulated other comprehensive loss, net of income taxes | (1,956) | (788) |
Total equity | 37,749 | 38,994 |
TOTAL LIABILITIES AND EQUITY | $ 482,844 | $ 468,361 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||||||
Allowance for loan and lease losses | $ 3,242 | $ 3,092 | $ 3,093 | $ 3,069 | $ 3,048 | $ 3,008 |
Statements of Operations
Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest and dividend income: | ||||
Loans, including fees | $ 3,819 | $ 3,234 | $ 10,906 | $ 9,669 |
Securities | ||||
Taxable | 407 | 520 | 1,312 | 1,577 |
Other | 10 | 17 | 31 | 25 |
Total interest and dividend income | 4,236 | 3,771 | 12,249 | 11,271 |
Interest expense: | ||||
Interest-bearing deposits | 983 | 749 | 2,654 | 2,088 |
Borrowed funds | 117 | 101 | 394 | 353 |
Total interest expense | 1,100 | 850 | 3,048 | 2,441 |
Net interest income | 3,136 | 2,921 | 9,201 | 8,830 |
Provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | 3,136 | 2,921 | 9,201 | 8,830 |
Noninterest income: | ||||
Service charges and other fees | 217 | 216 | 632 | 660 |
Loan servicing | 189 | 187 | 521 | 602 |
Net gain on sale of loans | 137 | 221 | 574 | 584 |
Net gain on sale of securities | 67 | |||
Increase in cash surrender value of insurance | 106 | 101 | 305 | 309 |
Other | 145 | 15 | 178 | 50 |
Total noninterest income | 794 | 740 | 2,277 | 2,205 |
Noninterest expense: | ||||
Salaries and employee benefits | 2,233 | 1,876 | 7,182 | 5,769 |
Foreclosed assets, net | 6 | (1) | 7 | 6 |
Advertising and promotions | 36 | 33 | 89 | 77 |
Data processing | 187 | 283 | 546 | 829 |
Occupancy and equipment | 420 | 391 | 1,243 | 1,240 |
FDIC assessment | 127 | 63 | 290 | 192 |
Other | 668 | 745 | 2,385 | 2,213 |
Total noninterest expense | 3,677 | 3,390 | 11,742 | 10,326 |
Income (loss) before income taxes | 253 | 271 | (264) | 709 |
Provision (credit) for income taxes | 8 | 86 | (186) | (4,503) |
Net income (loss) | $ 245 | $ 185 | $ (78) | $ 5,212 |
Statements of Comprehensive Inc
Statements of Comprehensive Income/(Loss) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income (loss) | $ 245 | $ 185 | $ (78) | $ 5,212 |
Other comprehensive income (loss): | ||||
Unrealized holding gains (losses) arising during the period | (258) | (226) | (1,533) | 893 |
Reclassification adjustment for gains realized in net income | (67) | |||
Other comprehensive (loss) income before income tax effect | (258) | (226) | (1,600) | 893 |
Income tax effect of other comprehensive (loss) income items | (70) | (88) | (432) | 348 |
Other comprehensive (loss) income, net of income tax | (188) | (138) | (1,168) | 545 |
Comprehensive income (loss) | $ 57 | $ 47 | $ (1,246) | $ 5,757 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net (loss) income | $ (78) | $ 5,212 |
Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
Net amortization of investment securities | 695 | 106 |
Depreciation | 488 | 522 |
Write-down and loss on disposal of premises and equipment | 8 | |
Net gain on sale of investment securities | (67) | |
Deferred income tax benefit | (517) | (4,403) |
Originations of mortgage loans held for sale | (44,173) | (47,796) |
Proceeds from sales of mortgage loans held for sale | 44,074 | 48,859 |
Net gain on sale of mortgage loans held for sale | (585) | (584) |
Decrease (increase) in cash value of life insurance | 430 | (308) |
Changes in operating assets and liabilities: | ||
Mortgage servicing rights | 133 | 101 |
Accrued interest receivable and other assets | (419) | 2,021 |
Accrued interest payable and other liabilities | 562 | (2,412) |
Net cash provided by operating activities | 551 | 1,318 |
Cash Flows From Investing Activities | ||
Proceeds from sales of securities available for sale | 14,392 | |
Maturities, prepayments, and calls of securities available for sale | 5,892 | 9,468 |
Purchase of securities available for sale | (2,083) | |
Net increase in loans | (38,767) | (13,880) |
Capital expenditures for premises and equipment | (686) | (405) |
Net (increase) decrease in Federal Home Loan Bank stock | (89) | 733 |
Net cash used in investing activities | (19,258) | (6,167) |
Cash Flows From Financing Activities | ||
Net increase in deposits | 3,005 | 18,043 |
Net increase in advance payments by borrowers for taxes and insurance | 10,186 | 9,347 |
Proceeds from issuance of Federal Home Loan Bank advances | 2,000 | |
Principal payments on Federal Home Loan Bank advances | (25) | (13,523) |
Net cash provided by financing activities | 15,166 | 13,867 |
Net increase (decrease) in cash and cash equivalents | (3,541) | 9,018 |
Cash and cash equivalents at beginning of period | 12,497 | 7,779 |
Cash and cash equivalents at end of period | 8,956 | 16,797 |
Supplemental cash flow information: | ||
Cash paid during the year for interest | $ 3,045 | 2,410 |
Cash paid during the year for income taxes | $ 16 |
Nature of Operations and Basis
Nature of Operations and Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations and Basis of Presentation | NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION PyraMax Bank, FSB (the “Bank”) is chartered as a federal mutual savings bank. The Bank operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential and consumer loans, and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin area. The Bank is subject to competition from other financial institutions and nonfinancial institutions providing financial products. In addition, the Bank is subject to the regulations of certain regulatory agencies and undergoes periodic examination by those regulatory agencies. On September 5, 2018, the Board of Directors of the Bank adopted a Plan of Reorganization from a Mutual Savings Bank to a Mutual Holding Company and Stock Issuance Plan (the “Plan”). The Plan has been approved by the Board of Governors of the Federal Reserve System by letter dated October 17, 2018, by the Office of the Comptroller of the Currency by letter dated October 18, 2018, and by the Federal Deposit Insurance Corporation by letter dated October 31, 2018. The Plan must also be approved by the affirmative vote of at least a majority of the total votes eligible to be cast by the voting members of the Bank at a special meeting of members to be held on December 21, 2018. Pursuant to the Plan, the Bank proposes to reorganize into a mutual holding company form of ownership. The Bank will convert to a stock savings bank and issue all of its outstanding stock to a new holding company to be organized under the laws of the United States, which will be named 1895 Bancorp of Wisconsin, Inc (the “Company”). Pursuant to the Plan, the Company will sell stock to the public, with the total offering value and number of shares of common stock based upon an independent appraiser’s valuation. The stock will be priced at $10.00 per share. In addition, the Bank’s Board of Directors will adopt an employee stock ownership plan (the “ESOP”), which will subscribe for up to 3.92% of the common stock of the new holding company to be outstanding upon the completion of the reorganization and stock issuance. the Company will offer 45% of its to-be-outstanding to-be-outstanding The costs of the reorganization and the issuing of the common stock will be deferred and deducted from the sales proceeds of the offering. If the conversion is unsuccessful, all deferred costs will be charged to operations. As of September 30, 2018, the Bank had incurred deferred reorganization costs of $413. The accompanying unaudited interim financial statements and the notes thereto have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). In the opinion of management, the accompanying unaudited interim financial statements contain all normal recurring adjustments necessary to present fairly the financial positions results of operations, changes in equity and cash flows for the periods presented. The accompanying unaudited financial statements and related notes should be read in conjunction with the audited annual financial statements and the notes thereto included in the Company’s definitive prospectus, dated November 6, 2018 (the “Prospectus”), as filed with the Securities and Exchange Commission on November 15, 2018. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet, and reported amounts of revenues and expenses during the reporting period. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan and lease losses, the fair values of securities, financial instruments and mortgage servicing rights, and the valuation of deferred income tax assets. Actual results could differ from those estimates. On April 5, 2012, the Jumpstart Our Business Startups Act non-issuer Accordingly, the Company’s financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the following recent accounting standards reflect those that relate to non-issuer |
Recent Accounting Standards
Recent Accounting Standards | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Standards | NOTE 2 – RECENT ACCOUNTING STANDARDS The Bank recently adopted the following Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”): ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income re-measuring ASU 2017-08, Receivables – Non-Refundable 310-20): The following ASUs have been issued by the FASB and may impact the Bank’s financial statements in future reporting periods: ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) 2016-13 2016-13 ASU 2016-02, Leases (Topic 842) 2016-02 2016-02 ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): available-for-sale 2016-01 ASU 2014-09, Revenue from Contracts with Customers (Topic 606) No. 2014-09 |
Securities Available-for-sale
Securities Available-for-sale | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities Available-for-sale | NOTE 3 – SECURITIES AVAILABLE-FOR-SALE The amortized costs and fair values of securities available-for-sale September 30, 2018 Amortized Gross Gross Fair Value (in thousands) Obligations of states and political subdivisions $ 11,482 $ 17 $ (298 ) $ 11,201 Government-sponsored mortgage-backed securities 53,543 3 (2,410 ) 51,136 Corporate collateralized mortgage obligations 437 2 — 439 Asset-backed securities 3,844 9 — 3,853 Corporate bonds — — — — Certificates of deposit 249 — (3 ) 246 Total $ 69,555 $ 31 $ (2,711 ) $ 66,875 December 31, 2017 Amortized Gross Gross Fair Value (in thousands) Obligations of states and political subdivisions $ 20,545 $ 243 $ (158 ) $ 20,630 Government-sponsored mortgage-backed securities 61,218 41 (1,235 ) 60,024 Corporate collateralized mortgage obligations 696 6 — 702 Asset-backed securities 4,835 9 (12 ) 4,832 Corporate bonds 1,246 5 — 1,251 Certificates of deposit 1,495 21 — 1,516 Total $ 90,035 $ 325 $ (1,405 ) $ 88,955 The amortized costs and fair values of securities available-for-sale, September 30, 2018 Amortized Fair Value (in thousands) Debt and other securities: Due within one year $ 1,927 $ 1,925 Due within one year through five years 6,319 6,150 Due within five years through ten years 3,485 3,372 Due after ten years — — Mortgage-related securities 53,980 51,575 Asset-backed securities 3,844 3,853 Total $ 69,555 $ 66,875 Gross unrealized losses on securities available-for-sale September 30, 2018 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) Obligations of states and political subdivisions $ 2,112 $ (16 ) $ 6,289 $ (282 ) $ 8,401 $ (298 ) Government-sponsored mortgage-backed securities 11,801 (358 ) 39,145 (2,052 ) 50,946 (2,410 ) Corporate collateralized mortgage obligations 160 — 1 — 161 — Asset-backed securities 833 — — — 833 — Certificates of deposit 246 (3 ) — — 246 (3 ) Total $ 15,152 $ (377 ) $ 45,435 $ (2,334 ) $ 60,587 $ (2,711 ) December 31, 2017 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) Obligations of states and political subdivisions $ 1,435 $ (18 ) $ 5,866 $ (140 ) $ 7,301 $ (158 ) Government-sponsored mortgage-backed securities 18,507 (131 ) 36,176 (1,104 ) 54,683 (1,235 ) Corporate collateralized mortgage obligations 8 — — — 8 — Asset-backed securities — — 936 (12 ) 936 (12 ) Certificates of deposit 249 — — — 249 — Total $ 20,199 $ (149 ) $ 42,978 $ (1,256 ) $ 63,177 $ (1,405 ) At September 30, 2018 and December 31, 2017, respectively, the Bank had 56 and 48 debt securities with unrealized losses representing aggregate depreciation of approximately 4% and 2% from their respective amortized cost bases. These unrealized losses relate principally to changes in interest rates and were not caused by changes in the financial condition of the issuers, the quality of any underlying assets or applicable credit enhancements. In analyzing whether unrealized losses on debt securities are other-than-temporary, management considers whether the securities are issued by a government body or agency, whether a rating agency has downgraded the securities, industry analysts’ reports, the financial condition and performance of the issuer and the quality of any underlying assets or credit enhancements. As management has the intent and ability to hold these debt securities to projected recovery, none of these declines are deemed to be other-than-temporary. The following table provides a summary of the proceeds from sales of securities available-for-sale, Three Months ended Nine Months ended 2018 2017 2018 2017 (in thousands) Proceeds from sales of securities available-for-sale $ — $ — $ 14,392 $ — Gross realized gains — — 137 — Gross realized losses — — (70 ) — |
Loans
Loans | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Loans | NOTE 4 – LOANS Major classifications of loans are summarized as follows: September 30, December 31, (in thousands) Commercial: Real estate $ 184,953 $ 156,991 Land 2,169 2,687 Other 32,846 19,715 Residential real estate: First mortgages 108,061 106,120 Construction 4,785 3,358 Consumer: Home equity and lines of credit 37,850 42,344 Other 2,036 2,495 Subtotal 372,700 333,710 Net deferred loan fees 515 589 Allowance for loan and lease losses (3,242 ) (3,093 ) Loans, net $ 369,973 $ 331,206 The Bank provides several types of loans to its customers, including commercial, residential, construction and consumer loans. Significant loan concentrations are considered to exit for a financial institution when there are amounts loaned to one borrower or to multiple borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. While the Bank’s credit risks are geographically concentrated within the metropolitan Milwaukee, Wisconsin area, there are no concentrations with individual borrowers or groups of related borrowers. During the normal course of business, the Bank may transfer a portion of a loan as a participation loan to another financial institution in order to manage portfolio risk. In order to be eligible for sales treatment, all cash flows from the loan must be divided proportionately, and rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties, and no loan holder can have the right to pledge or exchange the entire loan. As of September 30, 2018 and December 31, 2017, respectively, the Bank had transferred $6,200 and $9,074 in participation loans to other financial institutions, all of which were being serviced by the Bank. An analysis of past due loans is presented below: September 30, 2018 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 184,953 $ 184,953 Land — 303 303 1,866 2,169 Other — — — 32,846 32,846 Residential real estate: First mortgages 277 414 691 107,370 108,061 Construction — — — 4,785 4,785 Consumer: Home equity and lines of credit 80 25 105 37,745 37,850 Other 3 — 3 2,033 2,036 Total $ 360 $ 742 $ 1,102 $ 371,598 $ 372,700 December 31, 2017 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ 6 $ — $ 6 $ 156,985 $ 156,991 Land — 303 303 2,384 2,687 Other — — — 19,715 19,715 Residential real estate: First mortgages 2,156 56 2,212 103,908 106,120 Construction — — — 3,358 3,358 Consumer: Home equity and lines of credit 526 124 650 41,694 42,344 Other 11 1 12 2,483 2,495 Total $ 2,699 $ 484 $ 3,183 $ 330,527 $ 333,710 There were no loans 90 days or more past due and accruing interest as of September 30, 2018 or December 31, 2017. A summary of activity in the allowance for loan and lease losses for the three and nine months ended September 30, 2018 and 2017 is presented below: Commercial Residential Consumer Total (in thousands) Three months ended September 30, 2018 Allowance for loan and lease losses Beginning balance $ 1,380 $ 1,250 $ 462 $ 3,092 Provision for loan and lease losses — — — — Loans charged-off — — (84 ) (84 ) Recoveries 49 — 185 234 Ending balance $ 1,429 $ 1,250 $ 563 $ 3,242 Three months ended September 30, 2017 Allowance for loan and lease losses Beginning balance $ 1,355 $ 1,230 $ 463 $ 3,048 Provision for loan and lease losses — — — — Loans charged-off — — (26 ) (26 ) Recoveries 5 5 37 47 Ending balance $ 1,360 $ 1,235 $ 474 $ 3,069 Nine months ended September 30, 2018 Allowance for loan and lease losses Beginning balance $ 1,368 $ 1,247 $ 478 $ 3,093 Provision for loan and lease losses — — — — Loans charged-off — — (118 ) (118 ) Recoveries 61 3 203 267 Ending balance $ 1,429 $ 1,250 $ 563 $ 3,242 Nine months ended September 30, 2017 Allowance for loan and lease losses Beginning balance $ 1,344 $ 1,225 $ 439 $ 3,008 Provision for loan and lease losses — — — — Loans charged-off — — (34 ) (34 ) Recoveries 16 10 69 95 Ending balance $ 1,360 $ 1,235 $ 474 $ 3,069 A summary of the allowance for loan and lease losses for loans evaluated individually and collectively for impairment is presented below: September 30, 2018 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 938 $ 1,322 $ — $ 2,260 Collectively evaluated for impairment 219,030 111,524 39,886 370,440 Total loans $ 219,968 $ 112,846 $ 39,886 $ 372,700 Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 12 $ — $ 12 Collectively evaluated for impairment 1,429 1,238 563 3,230 Total allowance for loan and lease losses $ 1,429 $ 1,250 $ 563 $ 3,242 December 31, 2017 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 2,529 $ 1,888 $ — $ 4,417 Collectively evaluated for impairment 176,864 107,590 44,839 329,293 Total loans $ 179,393 $ 109,478 $ 44,839 $ 333,710 Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 230 $ — $ 230 Collectively evaluated for impairment 1,368 1,017 478 2,863 Total allowance for loan and lease losses $ 1,368 $ 1,247 $ 478 $ 3,093 The Bank regularly evaluates various attributes of loans to determine the appropriateness of the allowance for loan and lease losses. The credit quality indicators monitored differ depending on the class of loan. Pass Watch and Special Mention Substandard A summary of the Bank’s internal risk ratings of loans is presented below: September 30, 2018 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 179,127 $ 4,423 $ 1,403 $ 184,953 Land 1,826 40 303 2,169 Other 27,971 4,707 168 32,846 Total $ 208,924 $ 9,170 $ 1,874 $ 219,968 December 31, 2017 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 144,763 $ 9,786 $ 2,442 $ 156,991 Land 2,384 — 303 2,687 Other 14,505 5,178 32 19,715 Total $ 161,652 $ 14,964 $ 2,777 $ 179,393 There were no loans rated Doubtful Loss Residential real estate and consumer loans are generally evaluated based on whether or not loans are performing in accordance with their contractual terms. Information regarding the credit quality indicators most closely monitored for residential real estate and consumer loans is presented below: September 30, 2018 Performing Non Total (in thousands) Residential real estate: First mortgages $ 106,941 $ 1,120 $ 108,061 Construction 4,785 — 4,785 Consumer: Home equity and lines of credit 37,661 189 37,850 Other 2,036 — 2,036 Total $ 151,423 $ 1,309 $ 152,732 December 31, 2017 Performing Non Total (in thousands) Residential real estate: First mortgages $ 105,083 $ 1,037 $ 106,120 Construction 3,358 — 3,358 Consumer: Home equity and lines of credit 41,819 525 42,344 Other 2,493 2 2,495 Total $ 152,753 $ 1,564 $ 154,317 Information regarding impaired loans is presented below: As and for the Nine Months Ended September 30, 2018 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land — — — — — Other — — — — — Residential real estate: First mortgages 97 97 12 72 — Construction — — — — — Consumer: Home equity and lines of credit — — — 11 — Other — — — 190 6 Total impaired loans with reserve $ 97 $ 97 $ 12 $ 272 $ 6 Impaired loans with no reserve: Commercial: Real estate $ 635 $ 635 $ N/A $ 665 $ 33 Land 303 303 N/A 303 — Other — — N/A 25 — Residential real estate: First mortgages 1,225 1,502 N/A 1,254 19 Construction — — N/A — — Consumer: Home equity and lines of credit — — N/A — — Other — — N/A — — Total impaired loans with no reserve $ 2,163 $ 2,440 $ N/A $ 2,247 $ 52 Total impaired loans $ 2,260 $ 2,537 $ 12 $ 2,319 $ 52 As and for the Year Ended December 31, 2017 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land — — — — — Other — — — — — Residential real estate: First mortgages 378 392 230 394 15 Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve $ 378 $ 392 $ 230 $ 394 $ 15 Impaired loans with no reserve: Commercial: Real estate $ 2,024 $ 2,024 $ — $ 2,192 $ 148 Land 303 303 — 303 — Other 202 202 — 138 3 Residential real estate: First mortgages 1,510 1,785 — 1,838 89 Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with no reserve $ 4,039 $ 4,314 $ — $ 4,471 $ 240 Total impaired loans $ 4,417 $ 4,706 $ 230 $ 4,865 $ 255 Management regularly monitors impaired loan relationships. In the event facts and circumstances change, additional reserves may be necessary. There were no additional funds committed to impaired loans as of September 30, 2018 and December 31, 2017. Information regarding troubled debt restructurings is presented below: September 30, 2018 Accruing Non-accruing Total Amount Number Amount Number Amount Number (in thousands) Commercial: Real estate $ — $ — $ — $ — $ — $ — Land — — — — — — Other — — — — — — Residential real estate: First mortgages 462 2 644 5 1,106 7 Construction — — — — — — Consumer: Home equity and lines of credit — — 32 1 32 1 Other — — — — — — Total $ 462 $ 2 $ 676 $ 6 $ 1,138 $ 8 December 31, 2017 Accruing Non-accruing Total Amount Number Amount Number Amount Number (in thousands) Commercial: Real estate $ — $ — $ — $ — $ — $ — Land — — — — — — Other — — — — — — Residential real estate: First mortgages 729 4 795 5 1,524 9 Construction — — — — — — Consumer: Home equity and lines of credit — — 34 1 34 1 Other — — — — — — Total $ 729 $ 4 $ 829 $ 6 $ 1,558 $ 10 There were no loans modified as troubled debt restructurings during the three or nine months ended September 30, 2018 and 2017. There were no troubled debt restructurings within the past twelve months for which there was a default during the three or nine months ended September 30, 2018 and 2017. The Bank considers a troubled debt restructuring in default if it becomes past due more than 90 days. Information on non-accrual September 30, December 31, (in thousands) Non-accrual Commercial: Real estate $ — $ — Land 303 303 Other 20 32 Residential real estate: First mortgages 1,120 1,128 Construction — — Consumer: Home equity and lines of credit 189 420 Other — 4 Total non-accrual $ 1,632 $ 1,887 Total non-accrual 0.44 % 0.57 % Total non-accrual 0.34 % 0.40 % |
Mortgage Servicing RightsI
Mortgage Servicing RightsI | 9 Months Ended |
Sep. 30, 2018 | |
Transfers and Servicing [Abstract] | |
Mortgage Servicing RightsI | NOTE 5 – MORTGAGE SERVICING RIGHTS Loans serviced for others are not included in the balance sheets. The unpaid principal balance of mortgage loans serviced for others was $337,911 and $355,616 as of September 30, 2018 and December 31, 2017, respectively. A summary of activity in the Bank’s mortgage servicing rights is presented below: Nine Months Ended September 30, 2018 2017 (in thousands) Mortgage servicing rights beginning balance $ 2,270 $ 2,421 Additions 131 168 Amortization (264 ) (269 ) Sales — — Mortgage servicing rights ending balance 2,137 2,320 Valuation allowance — — Mortgage servicing rights ending balance, net $ 2,137 $ 2,320 The estimated fair value of mortgage servicing rights was determined using a valuation model that calculates the present value of expected future servicing and ancillary income, net of expected servicing costs. The model incorporates various assumptions such as discount rates, prepayment speeds and ancillary income and servicing costs. At September 30, 2018 and December 31, 2017, the model used discount rates ranging from 10% to 15%, respectively, and prepayment speeds ranging from 9% to 36%, respectively, both of which were based on market data from independent organizations. The following table summarizes the estimated future amortization expense for mortgage servicing rights for the periods indicated. The projections of amortization expense are based on existing asset balances as of September 30, 2018. The actual amortization expense the Bank recognizes in any given period may vary significantly depending on changes in interest rates, market conditions and regulatory requirements. (in thousands) Estimated future amortization as of September 30, 2018: 2018 $ 187 2019 412 2020 386 2021 360 2022 335 Thereafter 457 Total $ 2,137 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Deposits | NOTE 6 – DEPOSITS The composition of deposits is summarized below: September 30, December 31, (in thousands) Non-interest $ 59,973 $ 62,817 Interest bearing checking 26,755 26,649 Money market 61,485 55,016 Statement savings 56,559 58,566 Certificates of deposit 187,524 186,243 Total $ 392,296 $ 389,291 The Bank held $11,455 and $14,892 in certificates of deposit which met or exceeded the FDIC insurance limit of $250 as of September 30, 2018 and December 31, 2017, respectively. The scheduled maturities of certificates of deposit are presented below: September 30, (in thousands) 2018 $ 30,731 2019 83,331 2020 58,984 2021 12,567 2022 1,432 Thereafter 479 Total $ 187,524 |
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances | 9 Months Ended |
Sep. 30, 2018 | |
Federal Home Loan Banks [Abstract] | |
Federal Home Loan Bank Advances | NOTE 7 – FEDERAL HOME LOAN BANK ADVANCES Federal Home Loan Bank advances consist of the following: September 30, 2018 December 31, 2017 Rate Amount Rate Amount (dollars in thousands) Open line of credit 2.39% $ 12,000 0.88% $ 10,000 Fixed rate, fixed term advances 1.13% - 1.50% 24,000 1.13% - 1.50% 24,000 Advance structured note, payments due monthly, maturing February 2030 7.47% 668 7.47% 693 Total $ 36,668 $ 34,693 The scheduled maturities of Federal Home Loan Bank advances are presented below: September 30, 2018 Weighted Amount (dollars in thousands) 2018 2.39 % $ 12,009 2019 1.25 % 17,036 2020 7.47 % 39 2021 1.45 % 7,042 2022 7.47 % 46 Thereafter 7.47 % 496 Total $ 36,668 Actual maturities may differ from scheduled maturities due to call options on various Federal Home Loan Bank advances. The Bank maintains a master contract agreement with the Federal Home Loan Bank, which provides for borrowing up to the lesser of 22.22 times the Federal Home Loan Bank stock owned, a determined percentage of the book value of the Bank’s qualifying real estate loans, or a determined percentage of the Bank’s assets. The Federal Home Loan Bank provides both fixed and floating rate advances. Floating rates are tied to short-term market rates of interest such as the London InterBank Offered Rate, federal funds or Treasury bill rates. Federal Home Loan Bank advances are subject to a prepayment penalty if they are repaid prior to maturity. The Bank has pledged approximately $129,076 and $137,400 of qualifying loans as collateral for Federal Home Loan Bank advances as of September 30, 2018 and December 31, 2017, respectively. Federal Home Loan Bank advances are also secured by approximately $1,525 and $1,436 of Federal Home Loan Bank stock held by the Bank as of September 30, 2018 and December 31, 2017, respectively. There were no available and unused funds under this borrowing agreement as of September 30, 2018 and December 31, 2017 due to the level of the Bank’s holdings of Federal Home Loan Bank stock. |
Employee Benefit Plans
Employee Benefit Plans | 9 Months Ended |
Sep. 30, 2018 | |
Retirement Benefits [Abstract] | |
Employee Benefit Plans | NOTE 8 – EMPLOYEE BENEFIT PLANS The Bank sponsors a 401(k) profit sharing covering substantially all employees certain age and minimum service requirements. The Bank may then match a discretionary percentage of each eligible participant’s contribution. Matching contributions were $245 and $257 for the nine months ended September 30, 2018 and 2017, respectively. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 9 – INCOME TAXES Deferred tax assets are deferred tax consequences attributable to deductible temporary differences and carryforwards. After the deferred tax asset has been measured using the applicable enacted tax rate and provisions of the enacted tax law, it is then necessary to assess the need for a valuation allowance. A valuation allowance is needed when, based on the weight of the available evidence, it is more likely than not that some portion of the deferred asset will not be realized. As required by generally accepted accounting principles, available evidence is weighted heavily on cumulative losses, with less weight placed on future projected profitability. Realization of the deferred tax asset is dependent on whether there will be sufficient future taxable income of the appropriate character in the period during which deductible temporary differences reverse or within the carryforward periods available under tax law. Management determined there was enough reasonable evidence under current tax laws to reverse the December 31, 2016 valuation allowance of $4,757 in 2017. Income tax benefit decreased $4,317, or 95.9%, to ($186) for the nine months ended September 30, 2018, compared to ($4,503) during the nine months ended September 30, 2017. Income tax benefit was recognized on the statement of operations during the nine months ended September 30, 2018, at an effective rate of 70.5% of pretax income, compared to an effective rate of (635.1)% during the nine months ended September 30, 2017. The increase in the effective rate primarily resulted from the federal tax rate decrease from 35% to 21% as a result of the Tax Cuts and Jobs Act that was enacted into law on December 31, 2017. Income tax expense decreased $78, or 90.7%, to $8 during the three months ended September 30, 2018, compared to $86 during the three months ended September 30, 2017. Income tax expense was recognized on the statement of operations during the three months ended September 30, 2018, at an effective rate of 3.1% of pretax income, compared to an effective rate of 31.7% during the three months ended September 30, 2017. The decrease in the effective rate primarily resulted from tax exempt cash surrender value of bank-owned life insurance policies, and a tax benefit from death benefits received from these policies during the three months ended September 30, 2018. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 10 – COMMITMENTS AND CONTINGENCIES In the normal course of business, the Bank may be involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material adverse effect on the Bank’s financial statements. No material legal proceedings existed at September 30, 2018. In the normal course of business, the Bank is party to financial instruments with off-balance-sheet The Bank’s exposure to credit losses is represented by the contractual, or notional, amount of these commitments. The Bank follows the same credit policies in making commitments as it does for on-balance-sheet The contractual amounts of off-balance-sheet September 30, 2018 Fixed Variable Total (in thousands) Commitments to extend credit $ 16,235 $ 49,367 $ 65,602 Standby letters of credit, variable — 33 33 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 738 — 738 Commitments to sell loans — — — Overdraft protection program commitments 4,205 — 4,205 Total $ 21,178 $ 49,400 $ 70,578 December 31, 2018 Fixed Variable Total (in thousands) Commitments to extend credit $ 8,563 $ 41,204 $ 49,767 Standby letters of credit, variable — 353 353 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 695 — 695 Commitments to sell loans 7,328 — 7,328 Overdraft protection program commitments 4,331 — 4,331 Total $ 20,917 $ 41,557 $ 62,474 Commitments to extend credit and commitments to sell loans are agreements to lend to a customer at fixed or variable rates, as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The amount of collateral obtained upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable; inventory; property, plant and equipment; real estate; and stocks and bonds. Standby letters of credit are conditional lending commitments issued by the Bank to guarantee the performance of a customer to a third party. Generally, all standby letters of credit have expiration dates within one year. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank generally holds collateral supporting these commitments. Standby letters of credit are not reflected in the financial statements, since recording the fair value of these guarantees would not have a significant impact on the financial statements. The Bank participates in the Federal Home Loan Bank of Chicago Mortgage Partnership Finance Program (the “Program). In addition to entering into forward commitments to sell mortgage loans to a secondary market agency, the Bank enters into firm commitments to deliver loans to the Federal Home Loan Bank of Chicago through the Program. Under the Program, loans are funded by the Federal Home Loan Bank of Chicago, and the Bank receives an agency fee reported as a component of gain on sale of loans. The Bank had $165 of commitments to deliver loans through the Program as of September 30, 2018, and no firm commitments outstanding to deliver loans through the Program at December 31, 2017. Once delivered to the Program, the Bank provides a contractually agreed-upon credit enhancement and performs servicing of the loans. Under the credit enhancement, the Bank is liable for losses on loans delivered through the Program after application of any mortgage insurance and a contractually agreed-upon credit enhancement provided by the Program, subject to an agreed-upon maximum. The Bank receives a fee for this credit enhancement. The Bank records a liability for expected losses in excess of anticipated credit enhancement fees. As of September 30, 2018 and December 31, 2017, the Bank had no liability outstanding related to the Program. Unfunded commitments under overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit may or may not require collateral and may or may not contain a specific maturity date. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 11 – RELATED PARTY TRANSACTIONS A summary of loans to directors, executive officers and their affiliates is presented below: September 30, December 31, (in thousands) Beginning balance $ 1,477 $ 2,004 New loans 62 202 Repayments (202 ) (729 ) Ending balance $ 1,337 $ 1,477 Deposits from directors, executive officers and their affiliates were $1,025 and $926 as of September 30, 2018 and December 31, 2017, respectively. The Bank utilizes the services of law firms in which certain of the Bank’s directors are partners. Fees paid to the firms for these firms were $12 and $10 for the three months ended September 30, 2018 and 2017, respectively, and $33 and $52 for the nine months ended September 30, 2018 and 2017, respectively. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | NOTE 12 – FAIR VALUE MEASUREMENTS ASC Topic 820, Fair Value Measurements and Disclosures The fair value hierarchy prioritizes inputs used to measure fair value into three broad levels. Level 1 inputs – In general, fair values determined by Level 1 inputs use quoted market prices in active markets for identical assets or liabilities that we have the ability to access. Level 2 inputs – Fair values determined by Level 2 inputs use inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets where there are few transactions and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Level 3 inputs are unobservable inputs for the asset or liability and include situations where there is little, if any, market activity for the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Bank’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Some assets and liabilities, such as securities available-for-sale, Following is a description of the Bank’s valuation methodology and significant inputs used for each asset and liability measured at fair value on a recurring or nonrecurring basis. Securities available-for-sale available-for-sale Impaired loans Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value. Recurring Fair Value September 30, 2018 Level 1 Level 2 Level 3 (in thousands) Securities available-for-sale: Obligations of states and political subdivisions $ 11,201 $ — $ 11,201 $ — Government-sponsored mortgage-backed securities 51,136 — 51,136 — Corporate collateralized mortgage obligations 439 — 439 — Asset-backed securities 3,853 — 3,853 — Corporate bonds — — — — Certificates of deposit 246 — 246 — Recurring Fair Value December 31, 2017 Level 1 Level 2 Level 3 (in thousands) Securities available-for-sale: Obligations of states and political subdivisions $ 20,630 $ — $ 20,630 $ — Government-sponsored mortgage-backed securities 60,024 — 60,024 — Corporate collateralized mortgage obligations 702 — 702 — Asset-backed securities 4,832 — 4,832 — Corporate bonds 1,251 — 1,251 — Certificates of deposit 1,516 — 1,516 — Assets measured at fair value on a nonrecurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value. Recurring Fair Value September 30, 2018 Level 1 Level 2 Level 3 (in thousands) Loans $ 85 $ — $ — $ 85 Recurring Fair Value December 31, 2017 Level 1 Level 2 Level 3 (in thousands) Loans $ 148 $ — $ — $ 148 Loans with a carrying amount of $97 were considered impaired and written down to their estimated fair value of $85 as of September 30, 2018. As a result, the Bank recognized a specific valuation allowance against these impaired loans totaling $12 as of September 30, 2018. Loans with a carrying amount of $378 were considered impaired and were written down to their estimated fair value of $148 as of December 31, 2017. As a result, the Bank recognized a specific valuation allowance against these impaired loans totaling $230 as of December 31, 2017. The following table presents quantitative information about nonrecurring Level 3 fair value measurements: September 30, 2018 Fair Value Valuation Unobservable Range/Weighted (dollars in thousands) Impaired loans $ 85 Market and/or Management 10-20% December 31, 2017 Fair Valuation Unobservable Range/Weighted (dollars in thousands) Impaired loans $ 148 Market and/or Management 10-20% The Bank estimates fair values for all financial instruments, regardless of whether such instruments are measured at fair value. The following methods and assumptions were used by the Bank to estimate fair value of financial instruments not previously discussed. Cash and cash equivalents Loans held-for-sale Loans Accrued interest receivable and payable Cash surrender value of bank-owned life insurance Federal Home Loan Bank stock Deposits and advance payments by borrowers for taxes and insurance Federal Home Loan Bank advances Commitments The carrying values and estimated fair values of financial instruments are presented below: September 30, 2018 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 8,956 $ 8,956 $ — $ — Securities available-for-sale 66,875 — 66,875 — Loans held-for-sale 901 — 901 — Loans 369,973 — — 363,923 Accrued interest receivable 1,223 1,223 — — Cash surrender value of bank-owned life insurance 13,302 — — 13,302 Federal Home Loan Bank stock 1,525 — — 1,525 Financial liabilities: Deposits 392,296 204,772 — 185,493 Advance payments made to borrowers for taxes and insurance 10,571 10,571 — — Federal Home Loan Bank advances 36,668 — — 36,119 Accrued interest payable 343 343 — — December 31, 2017 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 12,497 $ 12,497 $ — $ — Securities available-for-sale 88,955 — 88,955 — Loans held-for-sale 217 — 217 — Loans 331,206 — — 328,526 Accrued interest receivable 1,214 1,214 — — Cash surrender value of bank-owned life insurance 13,732 — — 13,732 Federal Home Loan Bank stock 1,436 — — 1,436 Financial liabilities: Deposits 389,291 203,048 — 185,758 Advance payments made to borrowers for taxes and insurance 385 385 — — Federal Home Loan Bank advances 34,693 — — 34,229 Accrued interest payable 340 340 — — The fair value of a financial instrument is the current amount that would be exchanged between market participants, other than in a forced liquidation. Fair value is best determined based on quoted market prices. However, in many instances, there are no quoted market prices for the Bank’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Bank. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates to not reflect any premium or discount that could result from offering for sale at one time the Bank’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Bank’s 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 that could affect the estimates. Fair value estimates are based on existing on- off-balance-sheet Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts, nor is it recorded as an intangible assets on the balance sheets. In addition, the tax ramifications related to the realization of unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. |
Equity and Regulatory Matters
Equity and Regulatory Matters | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Equity and Regulatory Matters | NOTE 13 – EQUITY AND REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. 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 Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1, Tier 1 and Total capital to risk-weighted assets, and of Tier 1 capital to average assets. It is management’s opinion that the Bank met all applicable capital adequacy requirements as of September 30, 2018 and December 31, 2017. As of September 30, 2018 and December 31, 2017, the Bank is categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum regulatory capital ratios as set forth in the table below. There are no conditions or events since September 30, 2018 and December 31, 2017 that management believes have changed this category. The Bank’s actual and required capital amounts and ratios are presented below: September 30, 2018 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Leverage (Tier 1) $ 35,310 7.4 % $ 19,049 4.0 % $ 23,811 5.0 % Risk-based: Common Tier 1 35,310 9.6 % 16,510 4.5 % 23,847 6.5 % Tier 1 35,310 9.6 % 22,013 6.0 % 29,351 8.0 % Total 38,522 10.5 % 29,351 8.0 % 36,688 10.0 % December 31, 2017 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Leverage (Tier 1) $ 34,868 7.4 % $ 18,975 4.0 % $ 23,719 5.0 % Risk-based: Common Tier 1 34,868 11.1 % 14,174 4.5 % 20,473 6.5 % Tier 1 34,868 11.1 % 18,898 6.0 % 25,197 8.0 % Total 37,961 12.1 % 25,197 8.0 % 31,497 10.0 % |
Securities Available-for-sale (
Securities Available-for-sale (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Amortized Costs and Fair Value of Securities Available for Sale | The amortized costs and fair values of securities available-for-sale September 30, 2018 Amortized Gross Gross Fair Value (in thousands) Obligations of states and political subdivisions $ 11,482 $ 17 $ (298 ) $ 11,201 Government-sponsored mortgage-backed securities 53,543 3 (2,410 ) 51,136 Corporate collateralized mortgage obligations 437 2 — 439 Asset-backed securities 3,844 9 — 3,853 Corporate bonds — — — — Certificates of deposit 249 — (3 ) 246 Total $ 69,555 $ 31 $ (2,711 ) $ 66,875 December 31, 2017 Amortized Gross Gross Fair Value (in thousands) Obligations of states and political subdivisions $ 20,545 $ 243 $ (158 ) $ 20,630 Government-sponsored mortgage-backed securities 61,218 41 (1,235 ) 60,024 Corporate collateralized mortgage obligations 696 6 — 702 Asset-backed securities 4,835 9 (12 ) 4,832 Corporate bonds 1,246 5 — 1,251 Certificates of deposit 1,495 21 — 1,516 Total $ 90,035 $ 325 $ (1,405 ) $ 88,955 |
Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity | The amortized costs and fair values of securities available-for-sale, September 30, 2018 Amortized Fair Value (in thousands) Debt and other securities: Due within one year $ 1,927 $ 1,925 Due within one year through five years 6,319 6,150 Due within five years through ten years 3,485 3,372 Due after ten years — — Mortgage-related securities 53,980 51,575 Asset-backed securities 3,844 3,853 Total $ 69,555 $ 66,875 |
Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values, Aggregated by Investment category and Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position | Gross unrealized losses on securities available-for-sale September 30, 2018 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) Obligations of states and political subdivisions $ 2,112 $ (16 ) $ 6,289 $ (282 ) $ 8,401 $ (298 ) Government-sponsored mortgage-backed securities 11,801 (358 ) 39,145 (2,052 ) 50,946 (2,410 ) Corporate collateralized mortgage obligations 160 — 1 — 161 — Asset-backed securities 833 — — — 833 — Certificates of deposit 246 (3 ) — — 246 (3 ) Total $ 15,152 $ (377 ) $ 45,435 $ (2,334 ) $ 60,587 $ (2,711 ) December 31, 2017 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) Obligations of states and political subdivisions $ 1,435 $ (18 ) $ 5,866 $ (140 ) $ 7,301 $ (158 ) Government-sponsored mortgage-backed securities 18,507 (131 ) 36,176 (1,104 ) 54,683 (1,235 ) Corporate collateralized mortgage obligations 8 — — — 8 — Asset-backed securities — — 936 (12 ) 936 (12 ) Certificates of deposit 249 — — — 249 — Total $ 20,199 $ (149 ) $ 42,978 $ (1,256 ) $ 63,177 $ (1,405 ) |
Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses | The following table provides a summary of the proceeds from sales of securities available-for-sale, Three Months ended Nine Months ended 2018 2017 2018 2017 (in thousands) Proceeds from sales of securities available-for-sale $ — $ — $ 14,392 $ — Gross realized gains — — 137 — Gross realized losses — — (70 ) — |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Summary of Major Classifications of Loans | Major classifications of loans are summarized as follows: September 30, December 31, (in thousands) Commercial: Real estate $ 184,953 $ 156,991 Land 2,169 2,687 Other 32,846 19,715 Residential real estate: First mortgages 108,061 106,120 Construction 4,785 3,358 Consumer: Home equity and lines of credit 37,850 42,344 Other 2,036 2,495 Subtotal 372,700 333,710 Net deferred loan fees 515 589 Allowance for loan and lease losses (3,242 ) (3,093 ) Loans, net $ 369,973 $ 331,206 |
Schedule of Analysis of Past due Loans | An analysis of past due loans is presented below: September 30, 2018 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 184,953 $ 184,953 Land — 303 303 1,866 2,169 Other — — — 32,846 32,846 Residential real estate: First mortgages 277 414 691 107,370 108,061 Construction — — — 4,785 4,785 Consumer: Home equity and lines of credit 80 25 105 37,745 37,850 Other 3 — 3 2,033 2,036 Total $ 360 $ 742 $ 1,102 $ 371,598 $ 372,700 December 31, 2017 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ 6 $ — $ 6 $ 156,985 $ 156,991 Land — 303 303 2,384 2,687 Other — — — 19,715 19,715 Residential real estate: First mortgages 2,156 56 2,212 103,908 106,120 Construction — — — 3,358 3,358 Consumer: Home equity and lines of credit 526 124 650 41,694 42,344 Other 11 1 12 2,483 2,495 Total $ 2,699 $ 484 $ 3,183 $ 330,527 $ 333,710 |
Summary of Activity in Allowance for Loan and Lease Losses | A summary of activity in the allowance for loan and lease losses for the three and nine months ended September 30, 2018 and 2017 is presented below: Commercial Residential Consumer Total (in thousands) Three months ended September 30, 2018 Allowance for loan and lease losses Beginning balance $ 1,380 $ 1,250 $ 462 $ 3,092 Provision for loan and lease losses — — — — Loans charged-off — — (84 ) (84 ) Recoveries 49 — 185 234 Ending balance $ 1,429 $ 1,250 $ 563 $ 3,242 Three months ended September 30, 2017 Allowance for loan and lease losses Beginning balance $ 1,355 $ 1,230 $ 463 $ 3,048 Provision for loan and lease losses — — — — Loans charged-off — — (26 ) (26 ) Recoveries 5 5 37 47 Ending balance $ 1,360 $ 1,235 $ 474 $ 3,069 Nine months ended September 30, 2018 Allowance for loan and lease losses Beginning balance $ 1,368 $ 1,247 $ 478 $ 3,093 Provision for loan and lease losses — — — — Loans charged-off — — (118 ) (118 ) Recoveries 61 3 203 267 Ending balance $ 1,429 $ 1,250 $ 563 $ 3,242 Nine months ended September 30, 2017 Allowance for loan and lease losses Beginning balance $ 1,344 $ 1,225 $ 439 $ 3,008 Provision for loan and lease losses — — — — Loans charged-off — — (34 ) (34 ) Recoveries 16 10 69 95 Ending balance $ 1,360 $ 1,235 $ 474 $ 3,069 |
Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment | A summary of the allowance for loan and lease losses for loans evaluated individually and collectively for impairment is presented below: September 30, 2018 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 938 $ 1,322 $ — $ 2,260 Collectively evaluated for impairment 219,030 111,524 39,886 370,440 Total loans $ 219,968 $ 112,846 $ 39,886 $ 372,700 Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 12 $ — $ 12 Collectively evaluated for impairment 1,429 1,238 563 3,230 Total allowance for loan and lease losses $ 1,429 $ 1,250 $ 563 $ 3,242 December 31, 2017 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 2,529 $ 1,888 $ — $ 4,417 Collectively evaluated for impairment 176,864 107,590 44,839 329,293 Total loans $ 179,393 $ 109,478 $ 44,839 $ 333,710 Allowance for loan and lease losses: Individually evaluated for impairment $ — $ 230 $ — $ 230 Collectively evaluated for impairment 1,368 1,017 478 2,863 Total allowance for loan and lease losses $ 1,368 $ 1,247 $ 478 $ 3,093 |
Summary of Internal Risk Ratings of Loans | A summary of the Bank’s internal risk ratings of loans is presented below: September 30, 2018 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 179,127 $ 4,423 $ 1,403 $ 184,953 Land 1,826 40 303 2,169 Other 27,971 4,707 168 32,846 Total $ 208,924 $ 9,170 $ 1,874 $ 219,968 December 31, 2017 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 144,763 $ 9,786 $ 2,442 $ 156,991 Land 2,384 — 303 2,687 Other 14,505 5,178 32 19,715 Total $ 161,652 $ 14,964 $ 2,777 $ 179,393 |
Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans | Information regarding the credit quality indicators most closely monitored for residential real estate and consumer loans is presented below: September 30, 2018 Performing Non Total (in thousands) Residential real estate: First mortgages $ 106,941 $ 1,120 $ 108,061 Construction 4,785 — 4,785 Consumer: Home equity and lines of credit 37,661 189 37,850 Other 2,036 — 2,036 Total $ 151,423 $ 1,309 $ 152,732 December 31, 2017 Performing Non Total (in thousands) Residential real estate: First mortgages $ 105,083 $ 1,037 $ 106,120 Construction 3,358 — 3,358 Consumer: Home equity and lines of credit 41,819 525 42,344 Other 2,493 2 2,495 Total $ 152,753 $ 1,564 $ 154,317 |
Summary of Information Regarding Impaired Loans | Information regarding impaired loans is presented below: As and for the Nine Months Ended September 30, 2018 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land — — — — — Other — — — — — Residential real estate: First mortgages 97 97 12 72 — Construction — — — — — Consumer: Home equity and lines of credit — — — 11 — Other — — — 190 6 Total impaired loans with reserve $ 97 $ 97 $ 12 $ 272 $ 6 Impaired loans with no reserve: Commercial: Real estate $ 635 $ 635 $ N/A $ 665 $ 33 Land 303 303 N/A 303 — Other — — N/A 25 — Residential real estate: First mortgages 1,225 1,502 N/A 1,254 19 Construction — — N/A — — Consumer: Home equity and lines of credit — — N/A — — Other — — N/A — — Total impaired loans with no reserve $ 2,163 $ 2,440 $ N/A $ 2,247 $ 52 Total impaired loans $ 2,260 $ 2,537 $ 12 $ 2,319 $ 52 As and for the Year Ended December 31, 2017 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land — — — — — Other — — — — — Residential real estate: First mortgages 378 392 230 394 15 Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve $ 378 $ 392 $ 230 $ 394 $ 15 Impaired loans with no reserve: Commercial: Real estate $ 2,024 $ 2,024 $ — $ 2,192 $ 148 Land 303 303 — 303 — Other 202 202 — 138 3 Residential real estate: First mortgages 1,510 1,785 — 1,838 89 Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with no reserve $ 4,039 $ 4,314 $ — $ 4,471 $ 240 Total impaired loans $ 4,417 $ 4,706 $ 230 $ 4,865 $ 255 |
Summary of Information Regarding Non-accrual Loans | Information regarding troubled debt restructurings is presented below: September 30, 2018 Accruing Non-accruing Total Amount Number Amount Number Amount Number (in thousands) Commercial: Real estate $ — $ — $ — $ — $ — $ — Land — — — — — — Other — — — — — — Residential real estate: First mortgages 462 2 644 5 1,106 7 Construction — — — — — — Consumer: Home equity and lines of credit — — 32 1 32 1 Other — — — — — — Total $ 462 $ 2 $ 676 $ 6 $ 1,138 $ 8 December 31, 2017 Accruing Non-accruing Total Amount Number Amount Number Amount Number (in thousands) Commercial: Real estate $ — $ — $ — $ — $ — $ — Land — — — — — — Other — — — — — — Residential real estate: First mortgages 729 4 795 5 1,524 9 Construction — — — — — — Consumer: Home equity and lines of credit — — 34 1 34 1 Other — — — — — — Total $ 729 $ 4 $ 829 $ 6 $ 1,558 $ 10 |
Summary of Information on Non-accrual Loans | Information on non-accrual September 30, December 31, (in thousands) Non-accrual Commercial: Real estate $ — $ — Land 303 303 Other 20 32 Residential real estate: First mortgages 1,120 1,128 Construction — — Consumer: Home equity and lines of credit 189 420 Other — 4 Total non-accrual $ 1,632 $ 1,887 Total non-accrual 0.44 % 0.57 % Total non-accrual 0.34 % 0.40 % |
Mortgage Servicing RightsI (Tab
Mortgage Servicing RightsI (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Transfers and Servicing [Abstract] | |
Summary of Activity in Mortgage Servicing Rights | A summary of activity in the Bank’s mortgage servicing rights is presented below: Nine Months Ended September 30, 2018 2017 (in thousands) Mortgage servicing rights beginning balance $ 2,270 $ 2,421 Additions 131 168 Amortization (264 ) (269 ) Sales — — Mortgage servicing rights ending balance 2,137 2,320 Valuation allowance — — Mortgage servicing rights ending balance, net $ 2,137 $ 2,320 |
Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights | The following table summarizes the estimated future amortization expense for mortgage servicing rights for the periods indicated. The projections of amortization expense are based on existing asset balances as of September 30, 2018. The actual amortization expense the Bank recognizes in any given period may vary significantly depending on changes in interest rates, market conditions and regulatory requirements. (in thousands) Estimated future amortization as of September 30, 2018: 2018 $ 187 2019 412 2020 386 2021 360 2022 335 Thereafter 457 Total $ 2,137 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Composition of Deposits | The composition of deposits is summarized below: September 30, December 31, (in thousands) Non-interest $ 59,973 $ 62,817 Interest bearing checking 26,755 26,649 Money market 61,485 55,016 Statement savings 56,559 58,566 Certificates of deposit 187,524 186,243 Total $ 392,296 $ 389,291 |
Scheduled Maturities of Certificates of Deposit | The scheduled maturities of certificates of deposit are presented below: September 30, (in thousands) 2018 $ 30,731 2019 83,331 2020 58,984 2021 12,567 2022 1,432 Thereafter 479 Total $ 187,524 |
Federal Home Loan Bank Advanc_2
Federal Home Loan Bank Advances (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Federal Home Loan Banks [Abstract] | |
Summary of Federal Home Loan Bank Advances | Federal Home Loan Bank advances consist of the following: September 30, 2018 December 31, 2017 Rate Amount Rate Amount (dollars in thousands) Open line of credit 2.39% $ 12,000 0.88% $ 10,000 Fixed rate, fixed term advances 1.13% - 1.50% 24,000 1.13% - 1.50% 24,000 Advance structured note, payments due monthly, maturing February 2030 7.47% 668 7.47% 693 Total $ 36,668 $ 34,693 |
Schedule of Maturities of Federal Home Loan Bank Advances | The scheduled maturities of Federal Home Loan Bank advances are presented below: September 30, 2018 Weighted Amount (dollars in thousands) 2018 2.39 % $ 12,009 2019 1.25 % 17,036 2020 7.47 % 39 2021 1.45 % 7,042 2022 7.47 % 46 Thereafter 7.47 % 496 Total $ 36,668 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Contractual Amounts of Off-balance-sheet Credit-related Financial Instruments | The contractual amounts of off-balance-sheet September 30, 2018 Fixed Variable Total (in thousands) Commitments to extend credit $ 16,235 $ 49,367 $ 65,602 Standby letters of credit, variable — 33 33 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 738 — 738 Commitments to sell loans — — — Overdraft protection program commitments 4,205 — 4,205 Total $ 21,178 $ 49,400 $ 70,578 December 31, 2018 Fixed Variable Total (in thousands) Commitments to extend credit $ 8,563 $ 41,204 $ 49,767 Standby letters of credit, variable — 353 353 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 695 — 695 Commitments to sell loans 7,328 — 7,328 Overdraft protection program commitments 4,331 — 4,331 Total $ 20,917 $ 41,557 $ 62,474 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Summary of Loans to Directors, Executive Officers and Affiliates | A summary of loans to directors, executive officers and their affiliates is presented below: September 30, December 31, (in thousands) Beginning balance $ 1,477 $ 2,004 New loans 62 202 Repayments (202 ) (729 ) Ending balance $ 1,337 $ 1,477 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Summary of Assets Measured at Fair Value on a Recurring Basis | Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value. Recurring Fair Value September 30, 2018 Level 1 Level 2 Level 3 (in thousands) Securities available-for-sale: Obligations of states and political subdivisions $ 11,201 $ — $ 11,201 $ — Government-sponsored mortgage-backed securities 51,136 — 51,136 — Corporate collateralized mortgage obligations 439 — 439 — Asset-backed securities 3,853 — 3,853 — Corporate bonds — — — — Certificates of deposit 246 — 246 — Recurring Fair Value December 31, 2017 Level 1 Level 2 Level 3 (in thousands) Securities available-for-sale: Obligations of states and political subdivisions $ 20,630 $ — $ 20,630 $ — Government-sponsored mortgage-backed securities 60,024 — 60,024 — Corporate collateralized mortgage obligations 702 — 702 — Asset-backed securities 4,832 — 4,832 — Corporate bonds 1,251 — 1,251 — Certificates of deposit 1,516 — 1,516 — |
Summary of Assets Measured at Fair Value on a Nonrecurring Basis | Assets measured at fair value on a nonrecurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value. Recurring Fair Value September 30, 2018 Level 1 Level 2 Level 3 (in thousands) Loans $ 85 $ — $ — $ 85 Recurring Fair Value December 31, 2017 Level 1 Level 2 Level 3 (in thousands) Loans $ 148 $ — $ — $ 148 |
Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about nonrecurring Level 3 fair value measurements: September 30, 2018 Fair Value Valuation Unobservable Range/Weighted (dollars in thousands) Impaired loans $ 85 Market and/or Management 10-20% December 31, 2017 Fair Valuation Unobservable Range/Weighted (dollars in thousands) Impaired loans $ 148 Market and/or Management 10-20% |
Summary of Carrying Values and Estimated Fair Values of Financial Instruments | The carrying values and estimated fair values of financial instruments are presented below: September 30, 2018 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 8,956 $ 8,956 $ — $ — Securities available-for-sale 66,875 — 66,875 — Loans held-for-sale 901 — 901 — Loans 369,973 — — 363,923 Accrued interest receivable 1,223 1,223 — — Cash surrender value of bank-owned life insurance 13,302 — — 13,302 Federal Home Loan Bank stock 1,525 — — 1,525 Financial liabilities: Deposits 392,296 204,772 — 185,493 Advance payments made to borrowers for taxes and insurance 10,571 10,571 — — Federal Home Loan Bank advances 36,668 — — 36,119 Accrued interest payable 343 343 — — December 31, 2017 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 12,497 $ 12,497 $ — $ — Securities available-for-sale 88,955 — 88,955 — Loans held-for-sale 217 — 217 — Loans 331,206 — — 328,526 Accrued interest receivable 1,214 1,214 — — Cash surrender value of bank-owned life insurance 13,732 — — 13,732 Federal Home Loan Bank stock 1,436 — — 1,436 Financial liabilities: Deposits 389,291 203,048 — 185,758 Advance payments made to borrowers for taxes and insurance 385 385 — — Federal Home Loan Bank advances 34,693 — — 34,229 Accrued interest payable 340 340 — — |
Equity and Regulatory Matters (
Equity and Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Schedule of Banks Actual and Required Capital Amounts and Ratios | The Bank’s actual and required capital amounts and ratios are presented below: September 30, 2018 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Leverage (Tier 1) $ 35,310 7.4 % $ 19,049 4.0 % $ 23,811 5.0 % Risk-based: Common Tier 1 35,310 9.6 % 16,510 4.5 % 23,847 6.5 % Tier 1 35,310 9.6 % 22,013 6.0 % 29,351 8.0 % Total 38,522 10.5 % 29,351 8.0 % 36,688 10.0 % December 31, 2017 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Leverage (Tier 1) $ 34,868 7.4 % $ 18,975 4.0 % $ 23,719 5.0 % Risk-based: Common Tier 1 34,868 11.1 % 14,174 4.5 % 20,473 6.5 % Tier 1 34,868 11.1 % 18,898 6.0 % 25,197 8.0 % Total 37,961 12.1 % 25,197 8.0 % 31,497 10.0 % |
Nature of Operations and Basi_2
Nature of Operations and Basis of Presentation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | Sep. 30, 2018 | Sep. 05, 2018 |
Nature Of Operations [Abstract] | ||
Sale and issuance of common stock, per share | $ 10 | |
Number of shares sold under ESOP, as percentage | 3.92% | |
Percent of outstanding common shares eligible to employee stock ownership plan | 45.00% | |
Percent of outstanding common stock | 55.00% | |
Deferred reorganization costs | $ 413 |
Recent Accounting Standards - A
Recent Accounting Standards - Additional Information (Detail) $ in Thousands | Dec. 31, 2017USD ($) |
Retained Earnings [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from accumulated other comprehensive loss | $ 130 |
AOCI Attributable to Parent [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from accumulated other comprehensive loss | $ (130) |
Securities Available-for-sale -
Securities Available-for-sale - Summary of Amortized Costs and Fair Value of Securities Available-for-sale (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 69,555 | $ 90,035 |
Securities Available for Sale, Gross Unrealized Gains | 31 | 325 |
Securities Available for Sale, Gross Unrealized Losses | (2,711) | (1,405) |
Securities Available for Sale, Fair Value | 66,875 | 88,955 |
Obligations of States and Political Subdivisions [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 11,482 | 20,545 |
Securities Available for Sale, Gross Unrealized Gains | 17 | 243 |
Securities Available for Sale, Gross Unrealized Losses | (298) | (158) |
Securities Available for Sale, Fair Value | 11,201 | 20,630 |
Government-sponsored Mortgage-backed Securities [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 53,543 | 61,218 |
Securities Available for Sale, Gross Unrealized Gains | 3 | 41 |
Securities Available for Sale, Gross Unrealized Losses | (2,410) | (1,235) |
Securities Available for Sale, Fair Value | 51,136 | 60,024 |
Corporate Collateralized Mortgage Obligations [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 437 | 696 |
Securities Available for Sale, Gross Unrealized Gains | 2 | 6 |
Securities Available for Sale, Fair Value | 439 | 702 |
Asset-backed Securities [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 3,844 | 4,835 |
Securities Available for Sale, Gross Unrealized Gains | 9 | 9 |
Securities Available for Sale, Gross Unrealized Losses | (12) | |
Securities Available for Sale, Fair Value | 3,853 | 4,832 |
Corporate Bond [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 1,246 | |
Securities Available for Sale, Gross Unrealized Gains | 5 | |
Securities Available for Sale, Fair Value | 1,251 | |
Certificates of Deposit [Member] | ||
Marketable Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 249 | 1,495 |
Securities Available for Sale, Gross Unrealized Gains | 21 | |
Securities Available for Sale, Gross Unrealized Losses | (3) | |
Securities Available for Sale, Fair Value | $ 246 | $ 1,516 |
Securities Available for Sale -
Securities Available for Sale - Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity (Detail) $ in Thousands | Sep. 30, 2018USD ($) |
Debt Securities, Available-for-sale [Line Items] | |
Due within one year | $ 1,925 |
Due within one year through five years | 6,150 |
Due within five years through ten years | 3,372 |
Due after ten years | 0 |
Total | 66,875 |
Due within one year | 1,927 |
Due within one year through five years | 6,319 |
Due within five years through ten years | 3,485 |
Due after ten years | 0 |
Total | 69,555 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |
Debt Securities, Available-for-sale [Line Items] | |
Fair Value | 51,575 |
Amortized Cost | 53,980 |
Asset-backed Securities [Member] | |
Debt Securities, Available-for-sale [Line Items] | |
Fair Value | 3,853 |
Amortized Cost | $ 3,844 |
Securities Available for Sale_2
Securities Available for Sale - Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values, Aggregated by Investment category and Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | $ 15,152 | $ 20,199 |
Unrealized Loss | (377) | (149) |
Fair Value | 45,435 | 42,978 |
Unrealized Loss | (2,334) | (1,256) |
Fair Value | 60,587 | 63,177 |
Unrealized Loss | (2,711) | (1,405) |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | 2,112 | 1,435 |
Unrealized Loss | (16) | (18) |
Fair Value | 6,289 | 5,866 |
Unrealized Loss | (282) | (140) |
Fair Value | 8,401 | 7,301 |
Unrealized Loss | (298) | (158) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | 11,801 | 18,507 |
Unrealized Loss | (358) | (131) |
Fair Value | 39,145 | 36,176 |
Unrealized Loss | (2,052) | (1,104) |
Fair Value | 50,946 | 54,683 |
Unrealized Loss | (2,410) | (1,235) |
Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | 160 | 8 |
Fair Value | 1 | |
Fair Value | 161 | 8 |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | 833 | |
Fair Value | 936 | |
Unrealized Loss | (12) | |
Fair Value | 833 | 936 |
Unrealized Loss | (12) | |
Certificates of Deposit [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value | 246 | 249 |
Unrealized Loss | (3) | |
Fair Value | 246 | $ 249 |
Unrealized Loss | $ (3) |
Securities Available for Sale_3
Securities Available for Sale - Additional Information (Detail) - Debt_Instrument | Sep. 30, 2018 | Dec. 31, 2017 |
Investments, Debt and Equity Securities [Abstract] | ||
Number of debt securities with unrealized losses | 56 | 48 |
Percentage of depreciation from amortized cost bases | 4.00% | 2.00% |
Securities Available for Sale_4
Securities Available for Sale - Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |
Proceeds from sales of securities available-for-sale | $ 14,392 |
Gross realized gains | 137 |
Gross realized losses | $ (70) |
Loans - Summary of Major Classi
Loans - Summary of Major Classifications of Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | $ 372,700 | $ 333,710 | ||||
Net deferred loan fees | 515 | 589 | ||||
Allowance for loan and lease losses | (3,242) | $ (3,092) | (3,093) | $ (3,069) | $ (3,048) | $ (3,008) |
Loans, net | 369,973 | 331,206 | ||||
Commercial [Member] | Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 184,953 | 156,991 | ||||
Commercial [Member] | Land [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 2,169 | 2,687 | ||||
Commercial [Member] | Other Commercial Loan [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 32,846 | 19,715 | ||||
Residential Real Estate [Member] | First Mortgage [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 108,061 | 106,120 | ||||
Residential Real Estate [Member] | Construction Loans [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 4,785 | 3,358 | ||||
Consumer [Member] | Home Equity Lines Of Credit [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | 37,850 | 42,344 | ||||
Consumer [Member] | Other Consumer Loan [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Loans, gross | $ 2,036 | $ 2,495 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans 90 days or more past due and accruing interest | $ 0 | $ 0 | $ 0 | ||
Internal risk ratings of loans | 372,700,000 | 372,700,000 | 333,710,000 | ||
Additional committed impared loans | 0 | 0 | 0 | ||
Loans modified as troubled debt restructurings | 0 | $ 0 | 0 | $ 0 | |
Troubled debt restructurings within past twelve months for which there was a default | 0 | $ 0 | 0 | 0 | |
Doubtful [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Internal risk ratings of loans | $ 0 | 0 | $ 0 | ||
Other Financial Institutions [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Participation loans transferred | $ 6,200,000 | $ 9,074,000 |
Loans - Schedule of Analysis of
Loans - Schedule of Analysis of Past due Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | $ 1,102 | $ 3,183 |
Current | 371,598 | 330,527 |
Total Loans | 372,700 | 333,710 |
Commercial Real Estate [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 6 | |
Current | 184,953 | 156,985 |
Total Loans | 184,953 | 156,991 |
Commercial Land [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 303 | 303 |
Current | 1,866 | 2,384 |
Total Loans | 2,169 | 2,687 |
Commercial Other [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Current | 32,846 | 19,715 |
Total Loans | 32,846 | 19,715 |
Residential Real Estate First Mortgages [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 691 | 2,212 |
Current | 107,370 | 103,908 |
Total Loans | 108,061 | 106,120 |
Residential Real Estate Construction [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Current | 4,785 | 3,358 |
Total Loans | 4,785 | 3,358 |
Consumer Home Equity and Lines of Credit [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 105 | 650 |
Current | 37,745 | 41,694 |
Total Loans | 37,850 | 42,344 |
Consumer Other [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 3 | 12 |
Current | 2,033 | 2,483 |
Total Loans | 2,036 | 2,495 |
30-89 Days Past Due [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 360 | 2,699 |
30-89 Days Past Due [Member] | Commercial Real Estate [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 6 | |
30-89 Days Past Due [Member] | Residential Real Estate First Mortgages [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 277 | 2,156 |
30-89 Days Past Due [Member] | Consumer Home Equity and Lines of Credit [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 80 | 526 |
30-89 Days Past Due [Member] | Consumer Other [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 3 | 11 |
90 Days or More Past Due [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 742 | 484 |
90 Days or More Past Due [Member] | Commercial Land [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 303 | 303 |
90 Days or More Past Due [Member] | Residential Real Estate First Mortgages [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | 414 | 56 |
90 Days or More Past Due [Member] | Consumer Home Equity and Lines of Credit [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | $ 25 | 124 |
90 Days or More Past Due [Member] | Consumer Other [Member] | ||
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items] | ||
Past Due | $ 1 |
Loans - Summary of Activity in
Loans - Summary of Activity in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loans and Leases Receivable Disclosure [Line Items] | ||||
Beginning balance | $ 3,092 | $ 3,048 | $ 3,093 | $ 3,008 |
Provision for loan and lease losses | 0 | 0 | 0 | 0 |
Loans charged-off | (84) | (26) | (118) | (34) |
Recoveries | 234 | 47 | 267 | 95 |
Ending balance | 3,242 | 3,069 | 3,242 | 3,069 |
Commercial [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Beginning balance | 1,380 | 1,355 | 1,368 | 1,344 |
Provision for loan and lease losses | 0 | 0 | 0 | 0 |
Recoveries | 49 | 5 | 61 | 16 |
Ending balance | 1,429 | 1,360 | 1,429 | 1,360 |
Residential [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Beginning balance | 1,250 | 1,230 | 1,247 | 1,225 |
Provision for loan and lease losses | 0 | 0 | 0 | 0 |
Recoveries | 5 | 3 | 10 | |
Ending balance | 1,250 | 1,235 | 1,250 | 1,235 |
Consumer [Member] | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Beginning balance | 462 | 463 | 478 | 439 |
Provision for loan and lease losses | 0 | 0 | 0 | 0 |
Loans charged-off | (84) | (26) | (118) | (34) |
Recoveries | 185 | 37 | 203 | 69 |
Ending balance | $ 563 | $ 474 | $ 563 | $ 474 |
Loans - Summary of Allowance fo
Loans - Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Individually evaluated for impairment | $ 2,260 | $ 4,417 | ||||
Collectively evaluated for impairment | 370,440 | 329,293 | ||||
Total loans | 372,700 | 333,710 | ||||
Individually evaluated for impairment | 12 | 230 | ||||
Collectively evaluated for impairment | 3,230 | 2,863 | ||||
Total allowance for loan and lease losses | 3,242 | $ 3,092 | 3,093 | $ 3,069 | $ 3,048 | $ 3,008 |
Commercial [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Individually evaluated for impairment | 938 | 2,529 | ||||
Collectively evaluated for impairment | 219,030 | 176,864 | ||||
Total loans | 219,968 | 179,393 | ||||
Collectively evaluated for impairment | 1,429 | 1,368 | ||||
Total allowance for loan and lease losses | 1,429 | 1,380 | 1,368 | 1,360 | 1,355 | 1,344 |
Residential [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Individually evaluated for impairment | 1,322 | 1,888 | ||||
Collectively evaluated for impairment | 111,524 | 107,590 | ||||
Total loans | 112,846 | 109,478 | ||||
Individually evaluated for impairment | 12 | 230 | ||||
Collectively evaluated for impairment | 1,238 | 1,017 | ||||
Total allowance for loan and lease losses | 1,250 | 1,250 | 1,247 | 1,235 | 1,230 | 1,225 |
Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Collectively evaluated for impairment | 39,886 | 44,839 | ||||
Total loans | 39,886 | 44,839 | ||||
Collectively evaluated for impairment | 563 | 478 | ||||
Total allowance for loan and lease losses | $ 563 | $ 462 | $ 478 | $ 474 | $ 463 | $ 439 |
Loans - Summary of Internal Ris
Loans - Summary of Internal Risk Ratings of Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | $ 372,700 | $ 333,710 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 184,953 | 156,991 |
Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 2,169 | 2,687 |
Commercial Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 32,846 | 19,715 |
Internal Credit Risk Rating [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 219,968 | 179,393 |
Internal Credit Risk Rating [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 184,953 | 156,991 |
Internal Credit Risk Rating [Member] | Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 2,169 | 2,687 |
Internal Credit Risk Rating [Member] | Commercial Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 32,846 | 19,715 |
Pass [Member] | Internal Credit Risk Rating [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 208,924 | 161,652 |
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 179,127 | 144,763 |
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 1,826 | 2,384 |
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 27,971 | 14,505 |
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 9,170 | 14,964 |
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 4,423 | 9,786 |
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 40 | |
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 4,707 | 5,178 |
Substandard [Member] | Internal Credit Risk Rating [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 1,874 | 2,777 |
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 1,403 | 2,442 |
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 303 | 303 |
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | $ 168 | $ 32 |
Loans - Summary of Information
Loans - Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | $ 372,700 | $ 333,710 |
Credit Quality [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 152,732 | 154,317 |
Credit Quality [Member] | Residential First Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 108,061 | 106,120 |
Credit Quality [Member] | Residential Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 4,785 | 3,358 |
Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 37,850 | 42,344 |
Credit Quality [Member] | Consumer Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 2,036 | 2,495 |
Performing [Member] | Credit Quality [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 151,423 | 152,753 |
Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 106,941 | 105,083 |
Performing [Member] | Credit Quality [Member] | Residential Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 4,785 | 3,358 |
Performing [Member] | Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 37,661 | 41,819 |
Performing [Member] | Credit Quality [Member] | Consumer Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 2,036 | 2,493 |
Non Performing [Member] | Credit Quality [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 1,309 | 1,564 |
Non Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | 1,120 | 1,037 |
Non Performing [Member] | Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | $ 189 | 525 |
Non Performing [Member] | Credit Quality [Member] | Consumer Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable gross carrying amount | $ 2 |
Loans - Summary of Informatio_2
Loans - Summary of Information Regarding Impaired Loans (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | $ 97 | $ 378 |
Recorded Investment | 2,260 | 4,417 |
Unpaid Principal | 97 | 392 |
Unpaid Principal | 2,537 | 4,706 |
Reserve | 12 | 230 |
Average Investment | 272 | 394 |
Average Investment | 2,319 | 4,865 |
Interest Recognized | 6 | 15 |
Interest Recognized | 52 | 255 |
Recorded Investment | 2,163 | 4,039 |
Unpaid Principal | 2,440 | 4,314 |
Reserve | 0 | 0 |
Average Investment | 2,247 | 4,471 |
Interest Recognized | 52 | 240 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 635 | 2,024 |
Unpaid Principal | 635 | 2,024 |
Reserve | 0 | 0 |
Average Investment | 665 | 2,192 |
Interest Recognized | 33 | 148 |
Commercial Land [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 303 | 303 |
Unpaid Principal | 303 | 303 |
Reserve | 0 | 0 |
Average Investment | 303 | 303 |
Commercial Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 202 | |
Unpaid Principal | 202 | |
Reserve | 0 | 0 |
Average Investment | 25 | 138 |
Interest Recognized | 3 | |
Residential Real Estate First Mortgages [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 97 | 378 |
Unpaid Principal | 97 | 392 |
Reserve | 12 | 230 |
Average Investment | 72 | 394 |
Interest Recognized | 15 | |
Recorded Investment | 1,225 | 1,510 |
Unpaid Principal | 1,502 | 1,785 |
Reserve | 0 | 0 |
Average Investment | 1,254 | 1,838 |
Interest Recognized | 19 | 89 |
Residential Real Estate Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Reserve | 0 | 0 |
Consumer Home Equity and Lines of Credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Investment | 11 | |
Reserve | 0 | 0 |
Consumer Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Investment | 190 | |
Interest Recognized | 6 | |
Reserve | $ 0 | $ 0 |
Loans - Summary of Informatio_3
Loans - Summary of Information Regarding Non-accrual Loans (Detail) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($)Contract | Dec. 31, 2017USD ($)Contract | |
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 1,138 | $ 1,558 |
Number | Contract | 8 | 10 |
Accruing Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 462 | $ 729 |
Number | Contract | 2 | 4 |
Non Accruing Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 676 | $ 829 |
Number | Contract | 6 | 6 |
Residential Real Estate First Mortgages [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 1,106 | $ 1,524 |
Number | Contract | 7 | 9 |
Residential Real Estate First Mortgages [Member] | Accruing Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 462 | $ 729 |
Number | Contract | 2 | 4 |
Residential Real Estate First Mortgages [Member] | Non Accruing Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 644 | $ 795 |
Number | Contract | 5 | 5 |
Consumer Home Equity and Lines of Credit [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 32 | $ 34 |
Number | Contract | 1 | 1 |
Consumer Home Equity and Lines of Credit [Member] | Non Accruing Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Amount | $ | $ 32 | $ 34 |
Number | Contract | 1 | 1 |
Loans - Summary of Informatio_4
Loans - Summary of Information on Non-accrual Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Non Performing Loans [Line Items] | ||
Total non-accrual loans | $ 1,632 | $ 1,887 |
Total non-accrual loans to total loans | 0.44% | 0.57% |
Total non-accrual loans to total assets | 0.34% | 0.40% |
Commercial Land [Member] | ||
Non Performing Loans [Line Items] | ||
Total non-accrual loans | $ 303 | $ 303 |
Commercial Loan Other [Member] | ||
Non Performing Loans [Line Items] | ||
Total non-accrual loans | 20 | 32 |
Residential Real Estate First Mortgages [Member] | ||
Non Performing Loans [Line Items] | ||
Total non-accrual loans | 1,120 | 1,128 |
Consumer Home Equity and Lines of Credit [Member] | ||
Non Performing Loans [Line Items] | ||
Total non-accrual loans | $ 189 | 420 |
Consumer Other [Member] | ||
Non Performing Loans [Line Items] | ||
Total non-accrual loans | $ 4 |
Mortgage Servicing Rights - Add
Mortgage Servicing Rights - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items] | ||
Unpaid principal balance of mortgage loans serviced for others | $ 337,911 | $ 355,616 |
Minimum [Member] | ||
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items] | ||
Discount rates used in valuation model | 10.00% | 10.00% |
Prepayment speeds used in valuation model | 9.00% | 9.00% |
Maximum [Member] | ||
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items] | ||
Discount rates used in valuation model | 15.00% | 15.00% |
Prepayment speeds used in valuation model | 36.00% | 36.00% |
Mortgage Servicing Rights - Sum
Mortgage Servicing Rights - Summary of Activity in Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Servicing Asset at Amortized Cost, Balance [Roll Forward] | ||
Mortgage servicing rights beginning balance | $ 2,270 | $ 2,421 |
Additions | 131 | 168 |
Amortization | (264) | (269) |
Sales | 0 | 0 |
Mortgage servicing rights ending balance | 2,137 | 2,320 |
Valuation allowance | 0 | 0 |
Mortgage servicing rights ending balance, net | $ 2,137 | $ 2,320 |
Mortgage Servicing Rights - S_2
Mortgage Servicing Rights - Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights (Detail) $ in Thousands | Sep. 30, 2018USD ($) |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |
2,018 | $ 187 |
2,019 | 412 |
2,020 | 386 |
2,021 | 360 |
2,022 | 335 |
Thereafter | 457 |
Total | $ 2,137 |
Deposits - Composition of Depos
Deposits - Composition of Deposits (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Banking and Thrift [Abstract] | ||
Non-interest bearing checking | $ 59,973 | $ 62,817 |
Interest bearing checking | 26,755 | 26,649 |
Money market | 61,485 | 55,016 |
Statement savings | 56,559 | 58,566 |
Certificates of deposit | 187,524 | 186,243 |
Total | $ 392,296 | $ 389,291 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Banking and Thrift [Abstract] | ||
Certificates of deposit federally insured | $ 250 | $ 250 |
Certificates of deposit with balances of $250 or more | $ 11,455 | $ 14,892 |
Deposits - Scheduled Maturities
Deposits - Scheduled Maturities of Certificates of Deposit (Detail) $ in Thousands | Sep. 30, 2018USD ($) |
Time Deposits, Fiscal Year Maturity [Abstract] | |
2,018 | $ 30,731 |
2,019 | 83,331 |
2,020 | 58,984 |
2,021 | 12,567 |
2,022 | 1,432 |
Thereafter | 479 |
Total | $ 187,524 |
Federal Home Loan Bank Advanc_3
Federal Home Loan Bank Advances - Summary of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank, Advances [Line Items] | ||
Federal Home Loan Bank Advances total | $ 36,668 | $ 34,693 |
Open Line of Credit [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Advance structured note, payments due monthly, maturing February 2030 | 2.39% | 0.88% |
Federal Home Loan Bank Advances total | $ 12,000 | $ 10,000 |
Fixed Rate Fixed Term Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Federal Home Loan Bank Advances total | $ 24,000 | $ 24,000 |
Advance Structured Note [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Advance structured note, payments due monthly, maturing February 2030 | 7.47% | 7.47% |
Federal Home Loan Bank Advances total | $ 668 | $ 693 |
Minimum [Member] | Fixed Rate Fixed Term Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Advance structured note, payments due monthly, maturing February 2030 | 1.13% | 1.13% |
Maximum [Member] | Fixed Rate Fixed Term Advances [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Advance structured note, payments due monthly, maturing February 2030 | 1.50% | 1.50% |
Federal Home Loan Bank Advanc_4
Federal Home Loan Bank Advances - Summary of Federal Home Loan Bank Advances (Parenthetical) (Detail) | 9 Months Ended |
Sep. 30, 2018 | |
Federal Home Loan Banks [Abstract] | |
Advance structured note, payments due monthly, maturity | 2030-02 |
Federal Home Loan Bank Advanc_5
Federal Home Loan Bank Advances - Schedule of Maturities of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank, Advances, Maturity, Rolling Year, Par Value [Abstract] | ||
2,018 | 2.39% | |
2,019 | 1.25% | |
2,020 | 7.47% | |
2,021 | 1.45% | |
2,022 | 7.47% | |
Thereafter | 7.47% | |
Total | 0.00% | |
2,018 | $ 12,009 | |
2,019 | 17,036 | |
2,020 | 39 | |
2,021 | 7,042 | |
2,022 | 46 | |
Thereafter | 496 | |
Total | $ 36,668 | $ 34,693 |
Federal Home Loan Bank Advanc_6
Federal Home Loan Bank Advances - Additional Information (Detail) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Federal Home Loan Banks [Abstract] | ||
Federal Home Loan Bank stock to maximum borrowing capacity | The Bank maintains a master contract agreement with the Federal Home Loan Bank, which provides for borrowing up to the lesser of 22.22 times the Federal Home Loan Bank stock owned, a determined percentage of the book value of the Bank's qualifying real estate loans, or a determined percentage of the Bank's assets. | |
Qualifying loans pledged as collateral | $ 129,076,000 | $ 137,400,000 |
Federal Home Loan Bank stock held | 1,525,000 | 1,436,000 |
Available and unused funds under borrowing agreement | $ 0 | $ 0 |
Employee Benefit Plans - Additi
Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Retirement Benefits [Abstract] | ||
Matching contributions | $ 245 | $ 257 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |||||
Valuation allowance | $ 4,757 | ||||
Income tax benefit | $ 8 | $ 86 | $ (186) | $ (4,503) | |
Income tax benefit decrease | $ 78 | $ 4,317 | |||
Income tax expense benefit percentage | 90.70% | 95.90% | |||
Percentage of pretax income | 3.10% | 31.70% | 70.50% | (635.10%) | |
Federal statutory rate | 21.00% | 35.00% |
Commitments and Contingencies -
Commitments and Contingencies - Summary of Contractual Amounts of Off-balance Sheet Credit Related Financial Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2018 | Sep. 30, 2018 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | $ 62,474 | $ 70,578 |
Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 49,767 | 65,602 |
Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 695 | 738 |
Commitments to Sell Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 7,328 | |
Overdraft Protection Program Commitments [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 4,331 | 4,205 |
Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 353 | 33 |
Fixed Rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 20,917 | 21,178 |
Fixed Rate [Member] | Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 8,563 | 16,235 |
Fixed Rate [Member] | Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 695 | 738 |
Fixed Rate [Member] | Commitments to Sell Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 7,328 | |
Fixed Rate [Member] | Overdraft Protection Program Commitments [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 4,331 | 4,205 |
Variable Rate [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 41,557 | 49,400 |
Variable Rate [Member] | Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 41,204 | 49,367 |
Variable Rate [Member] | Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | $ 353 | $ 33 |
Commitments and Contingencies_2
Commitments and Contingencies - Additional Information (Detail) - Mortgage Partnership Finance Program [Member] - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Loss Contingencies [Line Items] | ||
Commitments | $ 165,000 | $ 0 |
Other commitments | $ 0 | $ 0 |
Related Party Transactions - Su
Related Party Transactions - Summary of Loans to Directors, Executive Officers and Affiliates (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Related Party Transactions [Abstract] | ||
Beginning balance | $ 1,477 | $ 2,004 |
New loans | 62 | 202 |
Repayments | (202) | (729) |
Ending balance | $ 1,337 | $ 1,477 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Related Party Transaction [Line Items] | |||||
Fees paid to law firms | $ 12 | $ 10 | $ 33 | $ 52 | |
Directors, Executive Officers and Affiliates [Member] | |||||
Related Party Transaction [Line Items] | |||||
Deposits from directors, executive officers and affiliates | $ 1,025 | $ 1,025 | $ 926 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 66,875 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 11,201 | $ 20,630 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 51,136 | 60,024 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 439 | 702 |
Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 3,853 | 4,832 |
Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 1,251 | |
Certificates of Deposit [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 246 | 1,516 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 11,201 | 20,630 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 51,136 | 60,024 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 439 | 702 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 3,853 | 4,832 |
Fair Value, Measurements, Recurring [Member] | Corporate Bond [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 1,251 | |
Fair Value, Measurements, Recurring [Member] | Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 246 | $ 1,516 |
Fair Value Measurements - Sum_2
Fair Value Measurements - Summary of Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | $ 85 | $ 148 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | $ 85 | $ 148 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | ||
Impaired loans | $ 97 | $ 378 |
Recognition of valuation allowance against impaired loans | 85 | 148 |
Valuation allowance against impaired loans | $ 12 | $ 230 |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 85 | $ 148 |
Appraisals [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rates | 0.10 | 0.10 |
Appraisals [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Discount rates | 0.20 | 0.20 |
Fair Value Measurements - Sum_3
Fair Value Measurements - Summary of Carrying Values and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial assets: | ||
Securities available-for-sale | $ 66,875 | $ 88,955 |
Loans | 369,973 | 331,206 |
Accrued interest receivable | 1,223 | 1,214 |
Cash surrender value of bank-owned life insurance | 13,302 | 13,732 |
Federal Home Loan Bank stock | 1,525 | 1,436 |
Financial liabilities: | ||
Deposits | 392,296 | 389,291 |
Advance payments made to borrowers for taxes and insurance | 10,571 | 385 |
Federal Home Loan Bank advances | 36,668 | 34,693 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 8,956 | 12,497 |
Accrued interest receivable | 1,223 | 1,214 |
Financial liabilities: | ||
Deposits | 204,772 | 203,048 |
Advance payments made to borrowers for taxes and insurance | 10,571 | 385 |
Accrued interest payable | 343 | 340 |
Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Securities available-for-sale | 66,875 | 88,955 |
Loans held-for-sale | 901 | 217 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Loans | 363,923 | 328,526 |
Cash surrender value of bank-owned life insurance | 13,302 | 13,732 |
Federal Home Loan Bank stock | 1,525 | 1,436 |
Financial liabilities: | ||
Deposits | 185,493 | 185,758 |
Federal Home Loan Bank advances | 36,119 | 34,229 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 8,956 | 12,497 |
Securities available-for-sale | 66,875 | 88,955 |
Loans held-for-sale | 901 | 217 |
Loans | 369,973 | 331,206 |
Accrued interest receivable | 1,223 | 1,214 |
Cash surrender value of bank-owned life insurance | 13,302 | 13,732 |
Federal Home Loan Bank stock | 1,525 | 1,436 |
Financial liabilities: | ||
Deposits | 392,296 | 389,291 |
Advance payments made to borrowers for taxes and insurance | 10,571 | 385 |
Federal Home Loan Bank advances | 36,668 | 34,693 |
Accrued interest payable | $ 343 | $ 340 |
Equity and Regulatory Matters -
Equity and Regulatory Matters - Schedule of Banks Actual and Required Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Banking and Thrift [Abstract] | ||
Leverage tier 1 capital actual amount | $ 35,310 | $ 34,868 |
Common Tier 1 risk based capital actual amount | 35,310 | 34,868 |
Tier 1 risk based capital actual amount | 35,310 | 34,868 |
Total risk based capital actual amount | $ 38,522 | $ 37,961 |
Leverage tier 1 capital actual ratio | 7.40% | 7.40% |
Common Tier 1 risk based capital actual ratio | 9.60% | 11.10% |
Tier 1 risk based capital actual ratio | 9.60% | 11.10% |
Total risk based capital actual ratio | 10.50% | 12.10% |
Leverage tier 1 capital for capital adequacy purposes amount | $ 19,049 | $ 18,975 |
Common tier 1 risk based capital for capital adequacy purposes amount | 16,510 | 14,174 |
Tier 1 risk based capital for capital adequacy purposes amount | 22,013 | 18,898 |
Total risk based capital for capital adequacy purposes amount | $ 29,351 | $ 25,197 |
Leverage tier 1 capital for capital adequacy purposes ratio | 4.00% | 4.00% |
Common tier 1 risk based capital for capital adequacy purposes ratio | 4.50% | 4.50% |
Tier 1 risk based capital for capital adequacy purposes ratio | 6.00% | 6.00% |
Total risk based capital for capital adequacy purposes ratio | 8.00% | 8.00% |
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions amount | $ 23,811 | $ 23,719 |
Common tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount | 23,847 | 20,473 |
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount | 29,351 | 25,197 |
Total risk based capital to be well capitalized under prompt corrective action provisions amount | $ 36,688 | $ 31,497 |
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |
Common tier 1 risk based capital to be well capitalized under prompt corrective action provisions ratio | 6.50% | 6.50% |
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions ratio | 8.00% | 8.00% |
Total risk based capital to be well capitalized under prompt corrective action provisions ratio | 10.00% | 10.00% |