Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 09, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	PDLB
Entity Registrant Name	PDL Community Bancorp
Entity Central Index Key	0001703489
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		18,227,905

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Cash and due from banks (Note 2):
Cash	$ 5,690	$ 45,225
Interest-bearing deposits in banks	35,877	24,553
Total cash and cash equivalents	41,567	69,778
Available-for-sale securities, at fair value (Note 3)	22,166	27,144
Loans receivable, net (Note 4)	925,099	918,509
Accrued interest receivable	3,735	3,795
Premises and equipment, net (Note 5)	31,777	31,135
Federal Home Loan Bank Stock (FHLB), at cost	2,915	2,915
Deferred tax assets (Note 8)	3,852	3,811
Other assets	2,485	2,814
Total assets	1,033,596	1,059,901
Liabilities:
Deposits (Note 6)	806,781	809,758
Accrued interest payable	75	63
Advance payments by borrowers for taxes and insurance	8,099	6,037
Advances from the Federal Home Loan Bank and others (Note 7)	44,404	69,404
Other liabilities	3,975	5,467
Total liabilities	863,334	890,729
Commitments and contingencies (Note 11)
Stockholders' Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued
Common stock, $0.01 par value; 50,000,000 shares authorized; 18,463,028 shares issued and 18,449,162 shares outstanding as of March 31, 2019 and 18,463,028 shares issued and outstanding as of December 31, 2018	185	185
Treasury stock, at cost; 13,866 shares as of March 31, 2019 and no shares as of December 31, 2018	(193)
Additional paid-in-capital	84,976	84,581
Retained earnings	99,481	98,813
Accumulated other comprehensive loss (Note 14)	(8,035)	(8,135)
Unearned compensation - ESOP; 615,188 shares as of March 31, 2019 and 627,251 shares as of December 31, 2018 (Note 9)	(6,152)	(6,272)
Total stockholders' equity	170,262	169,172
Total liabilities and stockholders' equity	$ 1,033,596	$ 1,059,901

Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares, issued	18,463,028	18,463,028
Common stock, shares, outstanding	18,449,162	18,463,028
Treasury stock,repurchased	13,866	0
Unearned compensation, ESOP shares	615,188	627,251

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and dividend income:
Interest on loans receivable	$ 12,095	$ 10,386
Interest and dividends on investment securities and FHLB stock	287	324
Total interest and dividend income	12,382	10,710
Interest expense:
Interest on certificates of deposit	1,956	1,750
Interest on other deposits	631	185
Interest on borrowings	333	98
Total interest expense	2,920	2,033
Net interest income	9,462	8,677
Provision for loan losses (Note 4)	149	94
Net interest income after provision for loan losses	9,313	8,583
Noninterest income:
Service charges and fees	230	223
Brokerage commissions	109	96
Late and prepayment charges	139	211
Other	275	355
Total noninterest income	753	885
Noninterest expense:
Compensation and benefits	5,014	4,458
Occupancy expense	1,911	1,491
Data processing expenses	353	408
Direct loan expenses	156	155
Insurance and surety bond premiums	83	89
Office supplies, telephone and postage	317	300
FDIC deposit insurance assessment	68	68
Professional fees	510	623
Marketing and promotional expenses	26	52
Directors fees	83	69
Regulatory dues	56	56
Other operating expenses	514	490
Total noninterest expense	9,091	8,259
Income before income taxes	975	1,209
Provision for income taxes (Note 8)	307	268
Net income	$ 668	$ 941
Earnings per share for the period (Note 10)
Basic	$ 0.04	$ 0.05
Diluted	$ 0.04	$ 0.05

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 668	$ 941
Net change in unrealized gains (losses) on securities available-for-sale:
Unrealized gains (losses)	171	(169)
Income tax effect	(37)	(10)
Unrealized gains (losses) on securities, net of tax	134	(179)
Pension benefit liability adjustment:
Net (loss)	(43)	(34)
Income tax effect	9	12
Pension liability adjustment, net of tax	(34)	(22)
Total other comprehensive income (loss), net of tax	100	(201)
Total comprehensive income	$ 768	$ 740

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock, At Cost	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Common Stock of ESOP
Balance at Dec. 31, 2017	$ 164,785	$ 185		$ 84,351	$ 94,855	$ (7,851)	$ (6,755)
Balance, Shares at Dec. 31, 2017		18,463,028
Net income	941				941
Other comprehensive income (loss), net of tax	(201)					(201)
ESOP shares committed to be released (12,063 shares)	189			68			121
Balance at Mar. 31, 2018	165,714	$ 185		84,419	95,796	(8,052)	(6,634)
Balance, Shares at Mar. 31, 2018		18,463,028
Balance at Dec. 31, 2018	169,172	$ 185		84,581	98,813	(8,135)	(6,272)
Balance, Shares at Dec. 31, 2018		18,463,028
Net income	668				668
Other comprehensive income (loss), net of tax	100					100
Treasury stock	(193)		$ (193)
Treasury stock, Shares		(13,866)
ESOP shares committed to be released (12,063 shares)	189			69			120
Restricted stock awards	300			300
Stock options	26			26
Balance at Mar. 31, 2019	$ 170,262	$ 185	$ (193)	$ 84,976	$ 99,481	$ (8,035)	$ (6,152)
Balance, Shares at Mar. 31, 2019		18,449,162

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Cash Flows From Operating Activities:
Net income	$ 668	$ 941
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums on securities, net	(1)	4
Gain (loss) on sale of loans, net	102	(142)
Provision for loan losses	149	94	$ 1,249
Depreciation and amortization	509	417
Deferred income taxes	(70)	109
ESOP compensation	203	189
Share-based compensation expense	326
Changes in assets and liabilities:
Decrease in accrued interest receivable	60	133
Decrease (increase) in other assets	329	(577)
Increase in accrued interest payable	12	19
Net increase in other liabilities	514	1,238
Net cash provided by operating activities	2,801	2,425
Cash Flows From Investing Activities:
Proceeds from redemption of FHLB Stock	3,015
Purchases of FHLB Stock	(3,015)	(162)
Proceeds from maturities, calls and principal repayments on available-for-sale securities	5,150	302
Proceeds from sales of loans	3,614	2,992
Net increase in loans	(10,455)	(27,255)
Purchases of premises and equipment	(1,151)	(929)
Net cash used in investing activities	(2,842)	(25,052)
Cash Flows From Financing Activities:
Net (decrease) increase in deposits	(2,977)	38,282
Repurchase of treasury stock	(193)
Proceeds from advances	172,016	3,600
Repayments of advances	(197,016)	(20,000)
Net cash (used in) provided by financing activities	(28,170)	21,882
Net (decrease) in cash and cash equivalents	(28,211)	(745)
Cash and Cash Equivalents:
Beginning	69,778	59,724	59,724
Ending	41,567	58,979	$ 69,778
Supplemental Disclosures:
Interest	2,908	2,012
Income taxes	$ 43	$ 225

Nature of Business and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Nature of Business and Summary of Significant Accounting Policies

Note 1.

Nature of Business and Summary of Significant Accounting Policies

Basis of Presentation and Consolidation:

The unaudited interim Consolidated Financial Statements of PDL Community Bancorp (the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by the U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results of the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December 31, 2018 included in the Company’s annual report on Form 10-K.

The unaudited interim Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiary Ponce Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries. The Bank’s subsidiaries consist of PFS Service Corp., which owns some of the Bank’s real property, and Ponce De Leon Mortgage Corp., which is a mortgage banking entity. All significant intercompany transactions and balances have been eliminated in consolidation.

Nature of Operations:

The Bank is a federally chartered savings association headquartered in the Bronx, New York. Ponce De Leon Federal Bank was originally chartered in 1960 as a federally chartered mutual savings and loan association under the name Ponce De Leon Federal Savings and Loan Association. In 1985, the Bank changed its name to “Ponce De Leon Federal Savings Bank.” In 1997, the Bank changed its name again to “Ponce De Leon Federal Bank.” Upon the completion of its reorganization into a mutual holding company (“the MHC”), the assets and liabilities of Ponce De Leon Federal Bank were transferred to and assumed by the Bank, a federally chartered stock savings association, owned 100% by PDL Community Bancorp and known as and conducting business under the name “Ponce Bank.” The Bank will continue to be subject to comprehensive regulation and examination by the Office of Comptroller of the Currency (the “OCC”).

The Bank’s business is conducted through the administrative office and 13 branch offices. The banking offices are located in the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches) and Brooklyn (3 branches), New York and Union City (1 branch), New Jersey. The primary market area currently consists of the New York City metropolitan area.

The Bank’s business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. The Bank also invests in securities, which have historically consisted of U.S. government and federal agency securities and securities issued by government-sponsored or owned enterprises, as well as, mortgage-backed securities and Federal Home Loan Bank stock. The Bank offers a variety of deposit accounts, including demand, savings, money markets and certificates of deposit accounts.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

The following is a summary of the Company’s significant accounting policies:

Use of Estimates: In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, as of the date of the consolidated statement of financial condition, and revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of loans held for sale, the valuation of deferred tax assets and investment securities, the determination of pension benefit obligations and the estimates relating to the valuation for share-based awards.

Interim Financial Statements: The interim consolidated financial statements at March 31, 2019, and for the three months ended March 31, 2019 and 2018 are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three months ended March 31, 2019, are not necessarily indicative of the results to be achieved for the remainder of the year ending December 31, 2019, or any other period.

Significant Group Concentrations of Credit Risk: Most of the Bank's activities are with customers located within New York City. Accordingly, the ultimate collectability of a substantial portion of the Bank's loan portfolio is susceptible to changes in the local market conditions. Note 3 discusses the types of securities that the Bank invests in. Notes 4 and 11 discuss the types of lending that the Bank engages in, and other concentrations.

Cash and Cash Equivalents: Cash and cash equivalents include cash on hand and amounts due from banks (including items in process of clearing). For purposes of reporting cash flows, the Bank considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash flows from loans originated by the Bank, interest-bearing deposits in financial institutions, and deposits are reported net.

Securities: Management determines the appropriate classification of securities at the date individual investment securities are acquired, and the appropriateness of such classification is reassessed at each statement of financial condition date.

Debt securities that management has the positive intent and ability to hold to maturity, if any, are classified as "held-to-maturity" and recorded at amortized cost. Trading securities, if any, are carried at fair value, with unrealized gains and losses recognized in earnings. Securities not classified as held-to-maturity or trading, are classified as "available-for-sale" and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), net of tax. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities.

Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the consolidated statement of income (loss) and (2) OTTI related to other factors, which is recognized in other comprehensive income (loss).

The credit loss is defined as the difference between the discounted present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings.

Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. The sale of a held-to-maturity security within three months of its maturity date or after collection of at least 85% of the principal outstanding at the time the security was acquired is considered a maturity for purposes of classification and disclosure.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Federal Home Loan Bank Stock: The Bank is a member of the Federal Home Loan Bank of New York (the “FHLB”). Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

Loans Receivable: Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at current unpaid principal balances, net of the allowance for loan losses and including net deferred loan origination fees and costs.

Interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments.

A loan is moved to nonaccrual status in accordance with the Bank’s policy typically after 90 days of non-payment. The accrual of interest on mortgage and commercial loans is generally discontinued at the time the loan becomes 90 days past due unless the loan is well-secured and in process of collection. Consumer loans are typically charged-off no later than 120 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off if collection of principal or interest is considered doubtful. All nonaccrual loans are considered impaired loans.

All interest accrued but not received for loans placed on nonaccrual are reversed against interest income. Interest received on such loans is accounted for on the cash basis or recorded against principal balances only, until qualifying for return to accrual. Cash basis interest recognition is only applied on nonaccrual loans with a sufficient collateral margin to ensure no doubt with respect to the collectability of principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and remain current for a period of time (typically six months) and future payments are reasonably assured.

Allowance for Loan Losses: The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions, and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off.

The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings (“TDRs”) and classified as impaired.

Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

Impaired loans are measured for impairment using the fair value of the collateral, present value of cash flows, or the observable market price of the note. Impairment measurement for all collateral dependent loans, excluding accruing TDRs, is based on the fair value of collateral, less costs to sell, if necessary. A loan is considered collateral dependent if repayment of the loan is expected to be provided solely by the sale or the operation of the underlying collateral.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

When the Bank modifies a loan to a TDR, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs, if repayment under the modified terms becomes doubtful.

The general component covers non‑impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced over a rolling 12 quarter average period. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations.

When establishing the allowance for loan losses, management categorizes loans into risk categories reflecting individual borrower earnings, liquidity, leverage and cash flow, as well as the nature of underlying collateral. These risk categories and relevant risk characteristics are as follows:

Residential and Multifamily Mortgage Loans: Residential and multifamily mortgage loans are secured by first mortgages. These loans are typically underwritten with loan-to-value ratios ranging from 65% to 90%. The primary risks involved in residential mortgages are the borrower’s loss of employment, or other significant event, that negatively impacts the source of repayment. Additionally, a serious decline in home values could jeopardize repayment in the event that the underlying collateral needs to be liquidated to pay off the loan.

Nonresidential Mortgage Loans: Nonresidential mortgage loans are primarily secured by commercial buildings, office and industrial buildings, warehouses, small retail shopping centers and various special purpose properties, including hotels, restaurants and nursing homes. These loans are typically underwritten at no more than 75% loan-to-value ratio. Although terms vary, commercial real estate loans generally have amortization periods of 15 to 30 years, as well as balloon payments of 10 to 15 years, and terms which provide that the interest rate is adjusted on a 5 year schedule.

Construction and Land Loans: Construction real estate loans consist of vacant land and property that is in the process of improvement. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that government approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Construction real estate loans generally have terms of six months to two years during the construction period with fixed rates or interest rates based on a designated index.

Business Loans: Business loans are loans for commercial, corporate and business purposes, including issuing letters of credit. These loans are secured by business assets or may be unsecured and repayment is directly dependent on the successful operation of the borrower’s business and the borrower’s ability to convert the assets to operating revenue. They possess greater risk than most other types of loans because the repayment capacity of the borrower may become inadequate. Business loans generally have terms of five to seven years or less and interest rates that float in accordance with a designated published index. Substantially, all such loans are backed by the personal guarantees of the owners of the business.

Consumer Loans: Consumer loans generally have higher interest rates than mortgage loans. The risk involved in consumer loans is the type and nature of the collateral and, in certain cases, the absence of collateral. Consumer loans include passbook loans and other secured and unsecured loans that have been made for a variety of consumer purposes.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Loans Held for Sale: Loan sales occur from time to time as part of strategic business or regulatory compliance initiatives. Loans held for sale, including deferred fees and costs, are reported at the lower of cost or fair value as determined by expected bid prices from potential investors. Loans are sold without recourse and servicing released. When a loan is transferred from portfolio to held-for-sale and the fair value is less than cost, a charge-off is recorded against the allowance for loan losses. Subsequent declines in fair value, if any, are charged against earnings.

Transfers of Financial Assets: Transfers of financial assets are accounted for as sales when all of the components meet the definition of a participating interest and when control over the assets has been surrendered. A participating interest generally represents (1) a proportionate (pro rata) ownership interest in an entire financial asset, (2) a relationship where from the date of transfer all cash flows received from the entire financial asset are divided proportionately among the participating interest holders in an amount equal to their share of ownership, (3) the priority of cash flows has certain characteristics, including no reduction in priority, subordination of interest, or recourse to the transferor other than standard representation or warranties, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to pledge or exchange the entire financial asset. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through either (a) an agreement to repurchase them before their maturity or (b) the ability to unilaterally cause the holder to return specific assets, other than through a clean-up call.

Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation.

Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows:

		Years
Building		39
Building improvements		15 - 39
Furniture, fixtures, and equipment		3 - 10

Leasehold improvements are amortized over the shorter of the improvements’ estimated economic lives or the related lease terms, including extensions expected to be exercised. Gains and losses on dispositions are recognized upon realization. Maintenance and repairs are expensed as incurred and improvements are capitalized. Leasehold improvements in process are not amortized until the assets are placed in operation.

Impairment of Long-Lived Assets: Long-lived assets, including premises and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If impairment is indicated by that review, the asset is written down to its estimated fair value through a charge to noninterest expense.

Other Real Estate Owned: Other Real Estate Owned (“OREO”) represents properties acquired through, or in lieu of, loan foreclosure or other proceedings. OREO is initially recorded at fair value, less estimated disposal costs, at the date of foreclosure, which establishes a new cost basis. After foreclosure, the properties are held for sale and are carried at the lower of cost or fair value, less estimated costs of disposal. Any write-down to fair value, at the time of transfer to OREO, is charged to the allowance for loan losses. Properties are evaluated regularly to ensure that the recorded amounts are supported by current fair values and charges against earnings are recorded as necessary to reduce the carrying amount to fair value, less estimated costs to dispose. Costs relating to the development and improvement of the property are capitalized, subject to the limit of fair value of the OREO, while costs relating to holding the property are expensed. Gains or losses are included in operations upon disposal.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Income Taxes: The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

Income tax returns filed for years before 2015 are no longer subject to income tax examinations by U.S. federal, state or local tax authorities.

Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income.

Related Party Transactions: Directors and officers of the Company and their affiliates have been customers of and have had transactions with the Company, and it is expected that such persons will continue to have such transactions in the future. Management believes that all deposit accounts, loans, services and commitments comprising such transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers who are not directors or officers. In the opinion of management, the transactions with related parties did not involve more than normal risk of collectability, nor favored treatment or terms, nor present other unfavorable features. Note 15 contains details regarding related party transactions.

Employee Benefit Plans: The Company maintains Ponce Bank’s 401(k) Plan, the noncontributory defined benefit plan, as well as the Supplemental Executive Retirement Plans (the “SERP”). The noncontributory defined benefit pension plan was effectively frozen on May 31, 2007. The funding policy is to contribute annually the amounts sufficient to meet the minimum funding standards established by the Employee Retirement Income Security Act (“ERISA”) and such additional amounts as determined by management based on actuary recommendations. The Company is in the process of terminating the noncontributory defined benefit pension plan.

Employee Stock Ownership Plan: Compensation expense is recorded as shares are committed to be released with a corresponding credit to unearned employee stock ownership plan (“ESOP”) equity account at the average fair value of the shares during the period and the shares become outstanding for earnings per share computations. Compensation expense is recognized ratably over the service period based upon management’s estimate of the number of shares expected to be allocated by the ESOP. The difference between the average fair value and the cost of the shares allocated by the ESOP is recorded as an adjustment to additional paid-in-capital. Unallocated common shares held by the Company’s ESOP are shown as a reduction in stockholders’ equity and are excluded from weighted-average common shares outstanding for both basic and diluted earnings per share calculations until they are committed to be released.

Stock Options: The Company recognizes the value of shared-based payment transactions as compensation costs in the financial statements over the period that an employee provides service in exchange for the award. The fair value of the share-based payments for stock options is estimated using the Black-Scholes option-pricing model. The Company accounts for forfeitures as they occur during the period.

Note 1.Nature of Business and Summary of Significant Accounting Policies (Continued)

Restricted Stock Units: The Company recognizes compensation costs related to restricted stock units based on the market price of the stock units at the grant date over the vesting period. The product of the number of units granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock units. The Company recognizes compensation expense for the fair value of the restricted stock units on a straight-line basis over the requisite service period.

Comprehensive Income (Loss): Comprehensive income (loss) consists of net income and other comprehensive income (loss), which are both recognized as separate components of equity. Other comprehensive income (loss) includes unrealized gains and losses on securities available-for-sale and unrecognized gains and losses on actuarial loss and prior service cost of the defined benefit plan.

Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the operations and financial position of the Company.

Fair Value of Financial Instruments: Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 12. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.

Segment Reporting: Although management monitors the revenue streams of the various products and services, the identifiable segments and operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregate in one reportable operating segment.

Loan Commitments and Related Financial Instruments: Financial instruments include off‑balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.

Earnings Per Share (“EPS”): Basic EPS represents net income attributable to common shareholders divided by the weighted-average number of common shares outstanding during the period less unallocated ESOP shares and Treasury shares. Diluted EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding, plus the effect of potential dilutive common stock equivalents outstanding during the period.

Treasury Stock: Shares repurchased under the Company’s share repurchase programs were purchased in open-market transactions and are held as treasury stock. All treasury stock is held at cost.

Reclassification of Prior Year Presentation: Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations and did not affect previously reported amounts in the Consolidated Statements of Income. No adjustment has been made to the Consolidated Statements of Income for the three months ended March 31, 2018.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Recent Accounting Pronouncements:

As an emerging growth company (“EGC”) as defined in Rule 12b-2 of the Exchange Act, the Company has elected to use the extended transition period to delay the adoption of new or reissued accounting pronouncements applicable to public business entities until such pronouncements are made applicable to nonpublic business entities. As of March 31, 2019, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period.

Accounting Guidance Adopted in 2018:

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606),” that amended guidance on revenue recognition from contracts with customers. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most contract revenue recognition guidance, including industry-specific guidance. The core principle of the amended guidance reportedly is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amended guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it adopted the amendments in this update for the annual reporting period beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. The Bank’s primary source of revenue is interest income on financial assets and income from mortgage banking activities, which are explicitly excluded from the scope of the new guidance. As a result, the adoption did not have a material impact on the Company’s consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718).” The reported objective of this ASU is to simplify accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the update, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period.

An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current accounting) or account for forfeitures when they occur. Within the statement of cash flows, excess tax benefits should be classified along with other income tax cash flows as an operating activity, and cash paid by an employer when directly withholding shares for tax-withholding purposes should be classified as a financing activity. The amendments in this ASU are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it adopted the amendments in this update for the annual period beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. The adoption of this update did not have a material impact on the Company’s consolidated financial statements.

In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718), Scope of Modification Accounting,” which clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The new guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The adoption of the standard did not have a material impact on the Company’s consolidated statements of financial condition and results of operations.

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Accounting Guidance Not Yet Adopted:

In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities.” The update requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. It addresses the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. The amendment eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. It requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Financial assets and financial liabilities are to be presented separately by measurement category and form of financial asset and the need for a valuation allowance on a deferred tax asset related to available-for-sale securities should be evaluated with the entity’s other deferred tax assets. The amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. The adoption of this update is not expected to have a material impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This ASU requires all lessees to recognize a lease liability and a right-of-use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that reporting period, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020.

The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. To date, the Company has identified its leased office spaces as within the scope of the guidance. The Company currently leases six branches and the new guidance will result in the establishment of a right to use asset and corresponding lease obligations. The Company continues to evaluate the impact of the guidance, including determining whether other contracts exist that are deemed to be in scope and subsequent related accounting standard updates. The Company has established a project committee and has initiated training on ASU 2016-02.

In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” This ASU reportedly significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard is to replace today’s “incurred loss” approach with an “expected loss” model. The new model, referred to as the current expected credit loss (“CECL”) model, is to apply to: (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments and financial guarantees. The CECL model does not apply to available-for-sale (“AFS”) debt securities. For AFS debt securities with unrealized losses, entities will measure credit losses in a manner similar to what they do today, except that the losses will be recognized as allowances rather than reductions in the amortized cost of the securities. As a result, entities will recognize improvements to estimated credit losses immediately in earnings rather than as interest income over time, as they do today. The ASU also reportedly simplifies the accounting model for purchased credit-impaired debt, securities and loans. ASU 2016-13 also expands the disclosure requirements regarding an entity’s assumptions, models and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. ASU No. 2016-13 is effective for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2020, including interim periods within fiscal years beginning after December 15, 2021. Entities have to apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach).

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Although early adoption is permitted, the Company does not expect to elect that option. The Company has begun its evaluation of the amended guidance including the potential impact on its consolidated financial statements. As a result of the required change in approach toward determining estimated credit losses from the current “incurred loss” model to one based on estimated cash flows over a loan’s contractual life, adjusted for prepayments (a “life of loan” model), the Company expects that the new guidance will result in an increase in the allowance for loan losses, particularly for longer duration loan portfolios. The Company also expects that the new guidance may result in an allowance for debt securities. The Company has selected the CECL model and has begun running scenarios. In both cases, the extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time.

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments.” This ASU reportedly is intended to reduce diversity in how certain cash receipts and cash payments are presented and classified in the statements of cash flows. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. A retrospective transition method should be applied to each period presented, unless it is impracticable to apply the amendments retrospectively for some of the issues, then the amendments for those issues would be applied prospectively as of the earliest date practicable. The adoption of this update is not expected to have a material impact on the Company’s consolidated financial statements.

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) - Restricted Cash.” The ASU amended the current standard to add or clarify guidance on the classification and presentation of restricted cash in the statement of cash flows. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years with early adoption permitted. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. The Company has not adopted this update and does not expect this update will have a material impact on the Company’s consolidated financial statements.

In March 2017, the FASB issued ASU 2017-07 “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The ASU requires that an employer report the service cost component with other compensation cost arising from services rendered by the pertinent employees during the period. The amendment also requires the components of net benefit cost to be presented separately in the income statement from the service cost component and not within income from operations. ASU 2017-07 is effective for interim and annual reporting for public business entities beginning after December 15, 2017. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. The adoption of this update is not expected to have a material impact on the Company’s consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08 “Receivables – Non-Refundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” The ASU requires premiums on callable debt securities to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. ASU 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018 for public business entities. Early adoption is permitted beginning after December 15, 2018, including interim periods within those fiscal years. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. ASU 2017-08 is not expected to have a material impact on the Company’s consolidated financial position, results of operations or disclosures.

In February 2018, the FASB issued ASU 2018-02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This amendment allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. This amendment is effective for years beginning after December 15, 2018 and interim periods within those fiscal years. The Company elected to early adopt this standard as of December 31, 2018 and reclassified $1,281 from accumulated other comprehensive income to retained earnings.

Note 1.Nature of Business and Summary of Significant Accounting Policies (Continued)

In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.” This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019, and early adoption is permitted. The adoption of this standard is not expected to have a material effect on the Company’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-14, “Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework –Changes to the Disclosure Requirements for Defined Benefit Plans.” The amendments in this update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans, including, but not limited to the removal of the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year. The update also added and clarified certain disclosure requirements. The amendments in this ASU are effective for fiscal years ending after December 15, 2020, for public business entities. As the Company is taking advantage of the extended transition period for complying with new or revised accounting standards assuming it remains an EGC, it will adopt the amendments in this update for fiscal years ending after December 15, 2021. The adoption of this standard is not expected to have a material impact on the Company’s consolidated statements of financial condition and results of operation.

Restrictions on Cash and Due From Banks

3 Months Ended

Mar. 31, 2019

Cash And Cash Equivalents [Abstract]

Restrictions on Cash and Due From Banks

Note 2.

Restrictions on Cash and Due From Banks

The Bank is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based on a percentage of deposits. The Bank had $5,176 and $44,717 in cash to cover its minimum reserve requirement of $5,055 and $4,375 at March 31, 2019, and December 31, 2018, respectively.

Available-for-Sale Securities

3 Months Ended

Mar. 31, 2019

Investments Debt And Equity Securities [Abstract]

Available-for-Sale Securities

Note 3.

Available-for-Sale Securities

The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
U.S. Government and Federal Agencies	$	20,925	$	—	$	(252	)	$	20,673
Mortgage-Backed Securities:
FNMA Certificates		703		—		(16	)		687
GNMA Certificates		793		13		—			806
	$	22,421	$	13	$	(268	)	$	22,166

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
U.S. Government and Federal Agencies	$	20,924	$	—	$	(409	)	$	20,515
U.S. Treasury		4,997				(2	)		4,995
Mortgage-Backed Securities:
FNMA Certificates		778		—		(19	)		759
GNMA Certificates		870		5		—			875
	$	27,569	$	5	$	(430	)	$	27,144

There were no investments classified as held-to-maturity as of March 31, 2019 and December 31, 2018. There were no sales for the three months ended March 31, 2019 and 2018.

Note 3.

Available-for-Sale Securities (Continued)

The following tables present the Company's securities gross unrealized losses and fair values, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2019 and at December 31, 2018:

	March 31, 2019
	Securities With Gross Unrealized Losses
	Less Than 12 Months				12 Months or More					Total		Total
	Fair		Unrealized		Fair		Unrealized			Fair		Unrealized
	Value		Loss		Value		Loss			Value		Loss
U.S. Government and Federal Agencies	$	—	$	—	$	20,673	$	(252	)	$	20,673	$	(252	)
Mortgage-Backed
FNMA Certificates		—		—		687		(16	)		687		(16	)
	$	—	$	—	$	21,360	$	(268	)	$	21,360	$	(268	)

	December 31, 2018
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More					Total		Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
U.S. Government and Federal Agencies	$	—	$	—		$	20,515	$	(409	)	$	20,515	$	(409	)
U.S. Treasury		4,995		(2	)		—		—			4,995		(2	)
Mortgage-Backed
FNMA Certificates		—		—			759		(19	)		759		(19	)
	$	4,995	$	(2	)	$	21,274	$	(428	)	$	26,269	$	(430	)

The Company’s investment portfolio had 11 investment securities at March 31, 2019 and 12 investment securities at December 31, 2018. At both March 31, 2019 and December 31, 2018, the Company had 10 and 11 securities, respectively, with gross unrealized loss positions. Management reviewed the financial condition of the entities underlying the securities at both March 31, 2019 and December 31, 2018 and determined that they are not other than temporarily impaired because the unrealized losses in those securities relate to market interest rate changes. The Company has the ability to hold them and does not have the intent to sell these securities, and it is not more likely than not that the Company will be required to sell these securities, before recovery of the cost basis. In addition, management also considers the issuers of the securities to be financially sound and believes the Company will receive all contractual principal and interest related to these investments.

Note 3.

Available-for-Sale Securities (Continued)

The following is a summary of maturities of securities at March 31, 2019 and December 31, 2018. Amounts are shown by contractual maturity. Because borrowers for mortgage-backed securities have the right to prepay obligations with or without prepayment penalties, at any time, these securities are included as a total within the table.

	March 31, 2019
	Available-for-Sale
	Amortized		Fair
	Cost		Value
U.S. Government and Federal Agency Securities:
Amounts maturing:
Three months or less	$	—	$	—
After three months through one year		6,555		6,500
After one year through five years		14,370		14,173
		20,925		20,673
Mortgage-Backed Securities		1,496		1,493
Total	$	22,421	$	22,166

	December 31, 2018
	Available-for-Sale
	Amortized		Fair
	Cost		Value
U.S. Government and Federal Agency Securities:
Amounts maturing:
Three months or less	$	4,997	$	4,995
After three months through one year		4,554		4,497
After one year through five years		16,370		16,018
		25,921		25,510
Mortgage-Backed Securities		1,648		1,634
Total	$	27,569	$	27,144

There were no securities pledged at March 31, 2019 and December 31, 2018.

Loans Receivable and Allowance for Loan Losses

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Loans Receivable and Allowance for Loan Losses

Note 4.

Loans Receivable and Allowance for Loan Losses

Loans at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31,			December 31,
	2019			2018
Mortgage loans:
1-4 family residences
Investor-Owned	$	304,650		$	303,197
Owner-Occupied		95,449			92,788
Multifamily residences		234,749			232,509
Nonresidential properties		199,903			196,917
Construction and land		84,844			87,572
Nonmortgage loans:
Business loans		15,101			15,710
Consumer loans		1,125			1,068
		935,821			929,761
Net deferred loan origination costs		1,727			1,407
Allowance for loan losses		(12,449	)		(12,659	)
Loans, net	$	925,099		$	918,509

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

The Company’s lending activities are conducted principally in New York City. The Company primarily grants loans secured by real estate to individuals and businesses pursuant to an established credit policy applicable to each type of lending activity in which it engages. Although collateral provides assurance as a secondary source of repayment, the Company ordinarily requires the primary source of repayment to be based on the borrowers’ ability to generate continuing cash flows. The Company also evaluates the collateral and creditworthiness of each customer. The credit policy provides that depending on the borrowers’ creditworthiness and type of collateral, credit may be extended up to predetermined percentages of the market value of the collateral. Real estate is the primary form of collateral. Other important forms of collateral are time deposits and marketable securities.

For disclosures related to the allowance for loan losses and credit quality, the Company does not have any disaggregated classes of loans below the segment level.

Credit-Quality Indicators: Internally assigned risk ratings are used as credit-quality indicators, which are reviewed by management on a quarterly basis.

The objectives of the Company’s risk-rating system are to provide the Board of Directors and senior management with an objective assessment of the overall quality of the loan portfolio, to promptly and accurately identify loans with well-defined credit weaknesses so that timely action can be taken to minimize credit loss, to identify relevant trends affecting the collectability of the loan portfolio, to isolate potential problem areas and to provide essential information for determining the adequacy of the allowance for loan losses.

Below are the definitions of the internally assigned risk ratings:

•

Strong Pass – Loans to a new or existing borrower collateralized at least 90 percent by an unimpaired deposit account at the Company.

•

Good Pass – Loans to a new or existing borrower in a well-established enterprise in excellent financial condition with strong liquidity and a history of consistently high level of earnings, cash flow and debt service capacity.

•

Satisfactory Pass – Loans to a new or existing borrower of average strength with acceptable financial condition, satisfactory record of earnings and sufficient historical and projected cash flow to service the debt.

•

Performance Pass – Existing loans that evidence strong payment history but document less than average strength, financial condition, record of earnings, or projected cash flows with which to service the debt.

•

Special Mention – Loans in this category are currently protected but show one or more potential weaknesses and risks which may inadequately protect collectability or borrower’s ability to meet repayment terms at some future date if the weakness or weaknesses are not monitored or remediated.

•

Substandard – Loans that are inadequately protected by the repayment capacity of the borrower or the current sound net worth of the collateral pledged, if any. Loans in this category have well defined weaknesses and risks that jeopardize the repayment. They are characterized by the distinct possibility that some loss will be sustained if the deficiencies are not remediated.

•

Doubtful – Loans that have all the weaknesses of loans classified as “Substandard” with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable.

Loans within the top four categories above are considered pass rated, as commonly defined. Risk ratings are assigned as necessary to differentiate risk within the portfolio. Risk ratings are reviewed on an ongoing basis and revised to reflect changes in the borrowers’ financial condition and outlook, debt service coverage capability, repayment performance, collateral value and coverage as well as other considerations.

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

The following tables present credit risk ratings by loan segment as of March 31, 2019 and December 31, 2018:

	March 31, 2019
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	388,378	$	233,674	$	198,484	$	63,566	$	14,446	$	1,121	$	899,669
Special mention		3,436		770		—		13,349		380		—		17,935
Substandard		8,285		305		1,419		7,929		275		4		18,217
Total	$	400,099	$	234,749	$	199,903	$	84,844	$	15,101	$	1,125	$	935,821

	December 31, 2018
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	383,123	$	231,422	$	195,327	$	71,438	$	14,324	$	1,068	$	896,702
Special mention		3,728		775		—		8,505		1,386		—		14,394
Substandard		9,134		312		1,590		7,629		—		—		18,665
Total	$	395,985	$	232,509	$	196,917	$	87,572	$	15,710	$	1,068	$	929,761

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

An aging analysis of loans, as of March 31, 2019 and December 31, 2018, is as follows:

	March 31, 2019
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	303,569	$	—	$	552	$	529	$	304,650	$	2,307	$	—
Owner-Occupied		94,693		132		—		624		95,449		2,905		—
Multifamily		234,736		—		13		—		234,749		13		—
Nonresidential properties		198,923		92		—		888		199,903		1,142		—
Construction and land		84,695		149		—		—		84,844		1,341		—
Nonmortgage Loans:
Business		14,421		405		—		275		15,101		275		—
Consumer		1,125		—		—		—		1,125		4		—
Total	$	932,162	$	778	$	565	$	2,316	$	935,821	$	7,987	$	—

	December 31, 2018
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	296,188	$	6,539	$	470	$	—	$	303,197	$	1,258	$	—
Owner-Occupied		89,610		1,609		574		995		92,788		3,079		—
Multifamily		231,514		995		—		—		232,509		16		—
Nonresidential properties		195,861		—		4		1,052		196,917		1,310		—
Construction and land		87,572		—		—		—		87,572		1,115		—
Nonmortgage Loans:
Business		15,418		292		—		—		15,710		—		—
Consumer		1,068		—		—		—		1,068		—		—
Total	$	917,231	$	9,435	$	1,048	$	2,047	$	929,761	$	6,778	$	—

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of March 31, 2019 and 2018, and December 31, 2018:

	For the Three Months Ended March 31, 2019
	Mortgage Loans																Nonmortgage Loans						Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily			Nonresidential				Construction and Land				Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of period	$	3,799		$	1,208		$	3,829			$	1,925		$	1,631			$	260		$	7		$	12,659
Provision charged to expense		(248	)		(40	)		(116	)			(2	)		(98	)			651			2			149
Losses charged-off		—			—			—				—			—				(377	)		—			(377	)
Recoveries		—			—			—				2			—				15			1			18
Balance, end of period	$	3,551		$	1,168		$	3,713			$	1,925		$	1,533			$	549		$	10		$	12,449
Ending balance: individually evaluated for impairment	$	344		$	214		$	—			$	125		$	—			$	275		$	4		$	962
Ending balance: collectively evaluated for impairment		3,207			954			3,713				1,800			1,533				274			6			11,487
Total	$	3,551		$	1,168		$	3,713			$	1,925		$	1,533			$	549		$	10		$	12,449
Loans:
Ending balance: individually evaluated for impairment	$	7,464		$	6,321		$	13			$	2,570		$	1,341			$	315		$	4		$	18,028
Ending balance: collectively evaluated for impairment		297,186			89,128			234,736				197,333			83,503				14,786			1,121			917,793
Total	$	304,650		$	95,449		$	234,749			$	199,903		$	84,844			$	15,101		$	1,125		$	935,821

Note 4.Loans Receivable and Allowance for Loan Losses (Continued)

	For the Three Months Ended March 31, 2018
	Mortgage Loans												Nonmortgage Loans						Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily		Nonresidential		Construction and Land		Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of period	$	3,716		$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	11,071
Provision charged to expense		(27	)		(205	)		276		90		7		(53	)		6			94
Losses charged-off		—			—			—		—		—		—			(5	)		(5	)
Recoveries		—			173			—		3		—		72			1			249
Balance, end of period	$	3,689		$	1,370		$	3,385	$	1,517	$	1,212	$	228		$	8		$	11,409
Ending balance: individually evaluated for impairment	$	424		$	364		$	—	$	37	$	—	$	8		$	—		$	833
Ending balance: collectively evaluated for impairment		3,265			1,006			3,385		1,480		1,212		220			8			10,576
Total	$	3,689		$	1,370		$	3,385	$	1,517	$	1,212	$	228		$	8		$	11,409
Loans:
Ending balance: individually evaluated for impairment	$	7,069		$	9,357		$	—	$	3,366	$	1,097	$	485		$	—		$	21,374
Ending balance: collectively evaluated for impairment		283,440			87,586			204,474		155,159		66,874		13,440			975			811,948
Total	$	290,509		$	96,943		$	204,474	$	158,525	$	67,971	$	13,925		$	975		$	833,322

	For the Year Ended December 31, 2018
	Mortgage Loans											Nonmortgage Loans						Total
	1-4 Family Investor Owned		1-4 Family Owner Occupied			Multifamily		Nonresidential		Construction and Land		Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of year	$	3,716	$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	11,071
Provision charged to expense		82		(444	)		720		492		426		(37	)		10			1,249
Losses charged-off		—		—			—		—		—		(34	)		(14	)		(48	)
Recoveries		1		250			—		9		—		122			5			387
Balance, end of year	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	12,659
Ending balance: individually evaluated for impairment	$	349	$	234		$	—	$	35	$	—	$	—		$	—		$	618
Ending balance: collectively evaluated for impairment		3,450		974			3,829		1,890		1,631		260			7			12,041
Total	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	12,659
Loans:
Ending balance: individually evaluated for impairment	$	6,452	$	6,525		$	16	$	2,750	$	1,108	$	374		$	—		$	17,225
Ending balance: collectively evaluated for impairment		296,745		86,263			232,493		194,167		86,464		15,336			1,068			912,536
Total	$	303,197	$	92,788		$	232,509	$	196,917	$	87,572	$	15,710		$	1,068		$	929,761

Note 4.Loans Receivable and Allowance for Loan Losses (Continued)

Loans are considered impaired when current information and events indicate all amounts due may not be collectable according to the contractual terms of the related loan agreements. Impaired loans, including TDRs, are identified by applying normal loan review procedures in accordance with the Allowance for Loan Loss methodology. Management periodically assesses loans to determine whether impairment exists. Any loan that is, or will potentially be, no longer performing in accordance with the terms of the original loan contract is evaluated to determine impairment.

The following information relates to impaired loans as of and for the three months ended March 31, 2019 and 2018 and for the year ended December 31, 2018:

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
For the Three Months Ended March 31, 2019	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	14,901	$	7,944	$	5,841	$	13,785	$	558	$	14,217	$	191
Multifamily		13		13		—		13		—		6		—
Nonresidential properties		2,766		2,094		476		2,570		125		2,698		37
Construction and land		1,615		1,341		—		1,341		—		1,153		1
Nonmortgage Loans:
Business		696		40		275		315		275		399		—
Consumer		4		—		4		4		4		1		—
Total	$	19,995	$	11,432	$	6,596	$	18,028	$	962	$	18,474	$	229

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
For the Three Months Ended March 31, 2018	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	17,720	$	9,277	$	7,149	$	16,426	$	788	$	17,772	$	182
Multifamily		—		—		—		—		—		104		—
Nonresidential properties		3,979		2,391		975		3,366		37		4,596		38
Construction and land		1,284		1,097		—		1,097		—		1,079		—
Nonmortgage Loans:
Business		528		467		18		485		8		542		5
Consumer		—		—		—		—		—		—		—
Total	$	23,511	$	13,232	$	8,142	$	21,374	$	833	$	24,093	$	225

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2018	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	12,985	$	7,080	$	5,898	$	12,978	$	583	$	15,163	$	758
Multifamily		16		16		—		16		—		36		3
Nonresidential properties		2,748		2,270		480		2,750		35		3,230		172
Construction and land		1,115		1,107		—		1,107		—		1,094		—
Nonmortgage Loans:
Business		374		374		—		374		—		454		22
Consumer		—		—		—		—		—		—		—
Total	$	17,238	$	10,847	$	6,378	$	17,225	$	618	$	19,977	$	955

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

The loan portfolio also includes certain loans that have been modified to TDRs. Under applicable standards, Loans are modified to TDRs when a creditor, for economic or legal reasons related to a debtor’s financial condition, grants a concession to the debtor that it would not otherwise consider, unless it results in a delay in payment that is insignificant. These concessions could include a reduction of interest rate on the loan, payment and maturity extensions, forbearance, or other actions intended to maximize collections. When a loan is modified to a TDR, management evaluates for any possible impairment using either the discounted cash flows method, where the value of the modified loan is based on the present value of expected cash flows, discounted at the contractual interest rate of the original loan agreement, or by using the fair value of the collateral less selling costs if repayment under the modified terms becomes doubtful. If management determines that the value of the modified loan in a TDR is less than the recorded investment in the loan, impairment is recognized through a specific allowance estimate or charge-off against the allowance for loan losses.

As of and for the three months ended March 31, 2019 and as of and for the year ended December 31, 2018, there were no loans restructured as a TDR.

Loans Restructured During

All TDRs with a payment default

within 12 months following the

Three Months Ended March 31, 2019

modification

Pre-

Post-

Balance

Modification

of Loans

Number

Recorded

Number

at the Time

of Loans

Balance

of Loans

of Default

Mortgages:

1-4 Family

—

Total

—

Combination of rate, maturity, other

—

Total

—

	Loans Restructured During						All TDRs with a payment default within 12 months following the
	Year Ended December 31, 2018						modification
			Pre-		Post-				Balance
			Modification		Modification				of Loans
	Number		Recorded		Recorded		Number		at the Time
	of Loans		Balance		Balance		of Loans		of Default
Mortgages:
1-4 Family		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176
Combination of rate, maturity, other		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176

At March 31, 2019, there were 40 troubled debt restructured loans, included in impaired loans, of $13,646. At December 31, 2018, there were 40 troubled debt restructured loans, included in impaired loans, of $14,104. There were no commitments to lend additional funds to borrowers whose loans have been modified in a troubled debt restructuring. The financial impact from the concessions made represents specific impairment reserves on these loans, which aggregated to $683 and $618 at March 31, 2019 and December 31, 2018, respectively.

Premises and Equipment

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Premises and Equipment

Note 5.

Premises and Equipment

A summary of premises and equipment at March 31, 2019 and December 31, 2018 is as follows:

	March 31,			December 31,
	2019			2018
Land	$	3,979		$	3,979
Buildings and improvements		16,556			16,423
Leasehold improvements		23,968			23,430
Furniture, fixtures and equipment		8,208			7,728
		52,711			51,560
Less accumulated depreciation and amortization		(20,934	)		(20,425	)
Total premises and equipment	$	31,777		$	31,135

Depreciation and amortization expense amounted to $509 and $417 for the three months ended March 31, 2019 and 2018, respectively, and are included in occupancy expense in the accompanying consolidated statements of income. Leasehold improvements increased by $538 to $23,968 at March 31, 2019 mainly due to the investments made in branches and other delivery services. Furniture, fixtures and equipment also increased by $480 to $8,208 at March 31, 2019, mainly as result of investments in new Teller Cash Recyclers (TCRs) that are being installed in the branches.

Deposits

3 Months Ended

Mar. 31, 2019

Banking And Thrift [Abstract]

Deposits

Note 6.

Deposits

Deposits at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31,		December 31,
	2019		2018
Demand	$	113,572	$	115,923
Interest-bearing deposits:
NOW/IOLA accounts		25,717		30,783
Money market accounts		144,346		116,175
Savings accounts		122,002		122,791
Total savings, NOW and money market		292,065		269,749
Certificates of deposit of $250K or more		82,675		90,195
All other certificates of deposit		318,469		333,891
Total certificates of deposit		401,144		424,086
Total interest-bearing deposits		693,209		693,835
Total deposits	$	806,781	$	809,758

At March 31, 2019 scheduled maturities of certificates of deposit were as follows:

March 31,
2020	$	185,837
2021		107,013
2022		61,436
2023		36,411
2024		10,447
	$	401,144

Overdrawn deposit accounts that have been reclassified to loans amounted to $113 and $241 as of March 31, 2019 and December 31, 2018, respectively.

Borrowings

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Borrowings

Note 7.

Borrowings

FHLB Advances: The Bank is a member of the FHLB. At March 31, 2019, the Bank had the ability to borrow from the FHLB based on a certain percentage of the value of the Bank's qualified collateral, as defined in the FHLB Statement of Credit Policy, at the time of the borrowing. In accordance with an agreement with the FHLB, the qualified collateral must be free and clear of liens, pledges and encumbrances.

The Bank had $44,404 of outstanding term advances from the FHLB at March 31, 2019 and December 31, 2018, respectively. Additionally, the Bank had an unsecured line of credit in the amount of $25,000 with a correspondent bank at March 31, 2019 and December 31, 2018, of which $0 and $25,000 were outstanding as of March 31, 2019 and December 31, 2018, respectively. The Bank also had a guarantee from the FHLB through a standby letter of credit of $7,639 at March 31, 2019 and December 31, 2018, respectively.

Borrowed funds at March 31, 2019 and December 31, 2018 consist of the following and are summarized by maturity and call date below:

	March 31,							December 31,
	2019							2018
	Scheduled Maturity		Redeemable at Call Date		Weighted Average Rate			Scheduled Maturity		Redeemable at Call Date		Weighted Average Rate
Correspondent Bank Overnight line of credit advance	$	—	$	—		—	%	$	25,000	$	25,000		2.64	%

FHLB Term advances ending:
2020		8,029		8,029		2.86			8,029		8,029		2.86
2021		3,000		3,000		1.84			3,000		3,000		1.84
2022		5,000		5,000		1.97			5,000		5,000		1.97
2023		28,375		28,375		2.82			28,375		28,375		2.82
	$	44,404	$	44,404		2.67	%	$	69,404	$	69,404		2.69	%

Interest expense on advances totaled $333 and $98 for the three months ended March 31, 2019 and 2018, respectively.

As of March 31, 2019 and December 31, 2018, the Bank had eligible collateral of approximately $288,869 and $280,457, respectively, in residential 1-4 and multifamily mortgage loans available to secure advances from the FHLB.

Income Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Note 8.

Income Taxes

The provision for income taxes for the three months ended March 31, 2019 and 2018 consist of the following:

	For the Three Months Ended March 31,
	2019			2018
Federal:
Current	$	274		$	85
Deferred		8			130
		282			215
State and local:
Current		101			73
Deferred		(289	)		(104	)
		(188	)		(31	)
Valuation Allowance		213			84
Provision for income taxes	$	307		$	268

Note 8.

Income Taxes (Continued)

Total income tax expense differed from the amounts computed by applying the U.S. federal income tax rate of 21% for the three months ended March 31, 2019 and 2018, respectively, to income before income taxes as a result of the following:

	For the Three Months Ended March 31,
	2019			2018
Income tax, at federal rate	$	205		$	254
State and local tax, net of federal taxes		(150	)		(25	)
Valuation allowance, net of the federal benefit		213			84
Other		39			(45	)
	$	307		$	268

On December 22, 2017, the U.S. Government signed into law the “Tax Cuts and Jobs Act” (the “Tax Act”) which, beginning in 2018, reduced the Company’s corporate income tax rate from 34% to 21%, but eliminated or increased certain permanent differences.

Management has determined that it is not required to establish a valuation allowance against any other deferred tax assets since it is more likely than not that the deferred tax assets will be fully utilized in future periods. In assessing the need for a valuation allowance, management considers the scheduled reversal of the deferred tax liabilities, the level of historical taxable income, and the projected future taxable income over the periods that the temporary differences comprising the deferred tax assets will be deductible.

At March 31, 2019 and December 31, 2018, the Company had no unrecognized tax benefits recorded related to uncertain tax positions. The Company does not expect that the total amount of unrecognized tax benefits will significantly increase in the next twelve months.

The Company is subject to U.S. federal income tax, New York State income tax, New Jersey income tax, and New York City income tax. The Company is no longer subject to examination by taxing authorities for years before 2015.

Note 8.

Income Taxes (Continued)

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2019 and December 31, 2018 are presented below:

	At March 31,		At December 31,
	2019		2018

Deferred tax assets:
Allowance for losses on loans	$	3,857	$	3,939
Pension obligations		2,110		2,102
Interest on nonaccrual loans		101		74
Unrealized loss on available-for-sale securities		54		91
Amortization of intangible assets		97		102
Deferred rent payable		116		153
Net operating losses		3,301		3,111
Charitable contribution carryforward		1,676		1,694
Other		373		235
Total gross deferred tax assets		11,685		11,501
Deferred tax liabilities:
Cumulative contribution in excess of net periodic benefit costs, net		3,067		3,120
Depreciation and amortization of premises and equipment		108		222
Deferred loan fees		535		438
Other		6		6
Total gross deferred tax liabilities		3,716		3,786
Valuation allowance		4,117		3,904
Net deferred tax assets	$	3,852	$	3,811

Compensation and Benefit Plans

3 Months Ended

Mar. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Compensation and Benefit Plans

Note 9.

Compensation and Benefit Plans

Defined Benefit Plan:

Effective January 1, 2007, the noncontributory defined benefit pension plan (the “Old Pension Plan”) of the Company was replaced with a qualified defined contribution plan (the “401(k) Plan”) as noted in more detail below. The Old Pension Plan covered substantially all employees. Employees were eligible to participate after one year of service. Normal retirement age was 65, with an early retirement provided for at age 55. The Old Pension Plan was effectively frozen on May 31, 2007 (the curtailment date) and this resulted in an actuarial reassessment of the Old Pension Plan’s future estimated obligations. All participants that are presently vested with the Old Pension Plan will remain in the Old Pension Plan and will receive the full accrued benefit, as defined, upon retirement, in accordance with the plan document.

The following table sets forth the Old Pension Plan’s funded status and amounts recognized in the consolidated statements of financial condition as of March 31, 2019 and December 31, 2018 using a measurement date as of March 31, 2019 and December 31, 2018, respectively:

	March 31, 2019			December 31, 2018
Projected benefit obligation	$	(14,223	)	$	(14,244	)
Fair value of plan assets		14,334			14,416
Funded status	$	111		$	172
Accumulated benefit obligation	$	(14,223	)	$	(14,244	)

	March 31, 2019			December 31, 2018
Changes in benefit obligation:
Beginning of period	$	14,244		$	15,883
Service cost		10			39
Interest Cost		147			542
Interest rate change		—			(1,691	)
Mortality change		—			(41	)
Loss on accumulated benefit obligations		3			243
Administrative cost		(10	)		(39	)
Benefits paid		(171	)		(692	)
End of period	$	14,223		$	14,244

	March 31, 2019			December 31, 2018
Changes in plan assets:
Fair value of plan assets, beginning of period	$	14,416		$	14,732
Actual return on plan assets		99			415
Employer contributions		—			—
Plan participant contributions		—			—
Benefits paid		(171	)		(692	)
Administrative expenses paid		(10	)		(39	)
Fair value of plan assets, end of period	$	14,334		$	14,416

Note 9.

Compensation and Benefit Plans (Continued)

Pretax amounts recognized in accumulated other comprehensive loss, which will be amortized into net periodic benefit cost over the coming years, were $9,900 and $9,856 at March 31, 2019 and December 31, 2018, respectively.

The components of net periodic benefit cost are as follows for the three months ended March 31, 2019 and 2018:

	For the Three Months Ended March 31,
	2019			2018
Service cost	$	10		$	10
Interest cost		147			135
Expected return on plan assets		(210	)		(215	)
Amortization of prior service cost		6			6
Amortization of loss		65			75
Net periodic benefit cost	$	18		$	11

Weighted-average assumptions used to determine the net benefit obligations consisted of the following as of March 31, 2019 and December 31, 2018:

	March 31,			December 31,
	2019			2018
Discount rate		4.25	%		4.25	%
Rate of compensation increase		0.00	%		0.00	%

Weighted-average assumptions used to determine the net benefit cost consisted of the following for three months ended March 31, 2019 and 2018:

	For the Three Months Ended March 31,
	2019			2018
Discount rate		4.25	%		3.50	%
Rate of compensation increase		0.00	%		0.00	%
Expected long-term rate of return on assets		6.00	%		6.00	%

The expected rate of return on plan assets is estimated based on the plan’s historical performance of return on assets.

The investment policy for plan assets is to manage the portfolio to preserve principal and liquidity while maximizing the return on the plan’s investment portfolio through the full investment of available funds. Plan assets are currently maintained in a guaranteed deposit account with Prudential Retirement Insurance and Annuity Company, earning interest at rates that are determined at the beginning of each year.

Note 9.

Compensation and Benefit Plans (Continued)

Pension assets consist solely of funds on deposit in a guaranteed deposit account. The fair value of the pension plan assets at March 31, 2019 and December 31, 2018 was $14,334 and $14,416, respectively.

The guaranteed deposit account is valued at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the creditworthiness of the issuer. Such fair value measurement is considered a Level 3 measurement.

Employer contributions and benefit payments for the three months ended March 31, 2019 and 2018 are as follows:

	For the Three Months Ended March 31,
	2019		2018
Employer contribution	$	—	$	—
Benefits paid	$	171	$	187

Employee benefit payments expected to be paid in the future are as follows:

As of March 31,
2019	$	714
2020		706
2021		700
2022		718
2023		700
Thereafter		3,569
	$	7,107

401(k) Plan:

The Company also provides a qualified defined contribution retirement plan under Section 401(k) of the Internal Revenue Code was adopted. The 401(k) Plan also qualifies under the Internal Revenue Service safe harbor provisions, as defined. Employees are eligible to participate in the 401(k) Plan after completing one year of service. The 401(k) Plan provides for elective employee/participant deferrals of income. Discretionary matching, profit-sharing, and safe harbor contributions, not to exceed 4% of employee compensation and profit-sharing contributions may be provided. 401(k) expenses recorded in the consolidated statements of income amounted to $90 and $82 for the three months ended March 31, 2019 and 2018, respectively.

Employee Stock Ownership Plan:

In connection with the reorganization, the Company established an ESOP for the exclusive benefit of eligible employees. The ESOP borrowed $7,238 from the Company sufficient to purchase 723,751 shares (approximately 3.92% of the common stock sold in the stock offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal. The loan is expected to be repaid over a period of 15 years. Shares purchased with the loan proceeds are held by the trustee in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants, subject to applicable regulations.

Note 9.

Compensation and Benefit Plans (Continued)

Contributions to the ESOP are to be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, compensation expense equal to the average market price of the shares for the respective periods are recognized, and the shares become outstanding for earnings per share computations.

A summary of the ESOP shares as of March 31, 2019 and December 31, 2018 are as follows:

	For the Quarter Ended		For the Year Ended
	March 31, 2019		December 31, 2018
Shares committed-to-be released		12,063		48,250
Shares to be allocated to participants		96,500		48,250
Unallocated shares		615,188		627,251
Total		723,751		723,751
Fair value of unearned shares	$	8,582	$	7,991

At March 31, 2019 and December 31, 2018, the Company had $6,308 outstanding of funds borrowed for the ESOP. The Company recognized $203 and $189 in ESOP related compensation expense for the three months ended March 31, 2019 and 2018, respectively.

Supplemental Executive Retirement Plan:

The Company maintains a non-qualified supplemental executive retirement plan (“SERP”) for the benefit of one key executive. The SERP expenses recognized for the three months ended March 31, 2019 and 2018 was $17 and $12, respectively.

2018 Incentive Plan

The Company’s stockholders approved the PDL Community Bancorp 2018 Long-Term Incentive Plan (the “2018 Incentive Plan”) at the Special Meeting of Stockholders on October 30, 2018. The maximum number of shares of common stock which can be issued under the 2018 Incentive Plan is 1,248,469. Of the 1,248,469 shares, the maximum number of shares that may be awarded under the 2018 Incentive Plan pursuant to the exercise of stock options or stock appreciation rights (“SARs”) is 891,764 shares (all of which may be granted as incentive stock options), and the number of shares of common stock that may be issued as restricted stock awards or restricted stock units is 356,705 shares. However, the 2018 Incentive Plan contains a flex feature that provides that awards of restricted stock and restricted stock units in excess of the 356,705 share limitation may be granted but each share of stock covered by such excess award shall reduce the 891,764 share limitation for awards of stock options and SARs by 3.0 shares of common stock. The Company converted 462,522 awards of stock options into 154,174 restricted stock units in 2018.

Under the 2018 Incentive Plan, the Company made grants equal to 674,645 shares on December 4, 2018 which include 119,176 incentive options to executive officers, 44,590 non-qualified options to outside directors, 40,000 restricted stock units to officers, 322,254 restricted stock units to executive officers and 148,625 shares of restricted stock units to outside directors. Awards to directors generally vest 20% annually beginning with the first anniversary of the date of grant. However, awards to a director with fewer than ten years of service as a director at the time of grant vest at a slower rate. In addition, awards to a director with fewer than five years of service at the time of grant vest over a longer period and will not become fully vested until the director has completed ten years of service. Awards to the executive officer who is not a director vest 20% annually beginning on December 4, 2020. These awards vest at the earliest on December 4, 2019, and at the latest on December 4, 2025. As of March 31, 2019 and December 31, 2018, the maximum number of stock options and SARs and the maximum number of shares of common stock that may be issued as restricted stock or restricted stock units remaining to be awarded under the Incentive Plan for both periods were 265,476 and 0, respectively. If the 2018 Incentive Plan’s flex feature described above were fully utilized, the maximum number of shares of common stock that may be awarded as restricted stock or restricted stock units would be 88,492, but would eliminate the availability of stock options and SARs available for award.

Note 9. Compensation and Benefit Plans (Continued)

The product of the number of units granted and the grant date market price of the Company’s common stock determine the fair value of restricted stock units under the Company’s 2018 Incentive Plan. Management recognizes compensation expense for the fair value of restricted stock units on a straight-line basis over the requisite service period for the entire award.

A summary of the Company’s restricted stock units awards activity and related information for the three months ended March 31, 2019 and year ended December 31, 2018 are as follows:

	March 31, 2019
	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Non-vested, beginning of year		510,879		$	12.77
Granted		29,725			12.93
Forfeited		(29,725	)		12.77
Non-vested at March 31		510,879		$	12.78

	December 31, 2018
	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Non-vested, beginning of year		—		$	—
Granted		510,879			12.77
Forfeited		—			—
Non-vested at December 31		510,879		$	12.77

Compensation expense relating to restricted stock units for the three months ended March 31, 2019, was $300.

Note 9. Compensation and Benefit Plans (Continued)

A summary of the Company’s stock option awards activity and related information for the three months ended March 31, 2019 and year ended December 31, 2018 are as follows:

	March 31, 2019
	Options			Weighted- Average Exercise Price Per Share		Average Intrinsic Value
Outstanding, beginning of year		163,766		$	12.77	$	—
Granted		8,918			12.93		—
Exercised		—			—		—
Forfeited		(8,918	)		12.77		—
Outstanding at March 31		163,766		$	12.78	$	—
Exercisable at March 31		—		$	12.78	$	—

	December 31, 2018
	Options			Weighted- Average Exercise Price Per Share		Average Intrinsic Value
Outstanding, beginning of year		—		$	—		—
Granted		163,766			12.77		—
Exercised		—			—		—
Forfeited		—			—		—
Outstanding at December 31		163,766		$	12.77	$	—
Exercisable at December 31		—		$	12.77	$	—

The weighted-average exercise price for the options as of March 31, 2019 was $12.78 per share. The weighted average remaining contractual life is 9.7 years. There were no shares exercisable as of March 31, 2019 and December 31, 2018. Total compensation cost related to stock options recognized was $26 for the three months ended March 31, 2019. The weighted average period over which it is expected to be recognized is 6.5 years.

The fair value of each option grant is estimated on the date of grant using Black-Scholes option pricing model with the following weighted average assumptions:

The expected volatility is based on blended rate of the trading history of the Company’s stock price in 2019. The expected life is an estimate based in management’s review of the various factors and calculated using the simplified method for plain vanilla options. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts.

Treasury Stock:

The Company adopted a share repurchase program effective March 25, 2019. Under the program, the Company may repurchase up to 923,151 shares of the Company’s stock, or approximately 5% of the Company’s then current issued and outstanding shares. As of March 31, 2019, the Company had repurchased 13,866 shares which is reported as treasury stock in the consolidated statement of financial condition.

Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 10.

Earnings Per Share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

	For the Three Months Ended March 31,
	2019		2018
Net income for the period	$	668	$	941

Shares Outstanding for basic EPS:
Weighted average shares outstanding		18,462,412		18,463,028
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares		627,117		675,367
Basic weighted shares outstanding		17,835,295		17,787,661
Basic earnings per share	$	0.04	$	0.05
Potential dilutive common shares:
Add: Dilutive effect of restricted stock awards and stock options		30,059		—
Diluted weighted average shares outstanding		17,865,354		17,787,661
Diluted earnings per share	$	0.04	$	0.05

Commitments, Contingencies and Credit Risk

3 Months Ended

Mar. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments, Contingencies and Credit Risk

Note 11.

Commitments, Contingencies and Credit Risk

Financial Instruments With Off-Balance-Sheet Risk: In the normal course of business, financial instruments with off-balance-sheet risk may be used to meet the financing needs of customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amounts recognized on the consolidated statements of financial condition. The contractual amounts of these instruments reflect the extent of involvement in particular classes of financial instruments.

The contractual amounts of commitments to extend credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless. The same credit policies are used in making commitments and contractual obligations as for on-balance-sheet instruments. Financial instruments whose contractual amounts represent credit risk at March 31, 2019 and December 31, 2018 are as follows:

	March 31,		December 31,
	2019		2018
Commitments to grant mortgage loans	$	49,507	$	52,017
Unfunded commitments under lines of credit		42,012		44,752
Standby letters of credit		7,759		7,759
	$	99,278	$	104,528

Commitments to Grant Mortgage Loans: Commitments to grant mortgage loans are agreements to lend to a customer as long as all terms and conditions are met as established in the contract. Commitments generally have fixed expiration dates or other termination clauses, and may require payment of a fee by the borrower. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property and equipment, residential real estate and income-producing commercial properties. Material losses are not anticipated as a result of these transactions.

Unfunded Commitments Under Lines of Credit: Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extension of credit to existing customers. These lines of credit are uncollateralized and usually do not contain a specified maturity date and, ultimately, may not be drawn upon to the total extent to which the Company is committed.

Note 11.

Commitments, Contingencies and Credit Risk (Continued)

Standby Letters of Credit: Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. These guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Standby letters of credit are largely cash secured.

Concentration by Geographic Location: Loans, commitments to extend credit and standby letters of credit have been granted to customers who are located primarily in New York City. Generally, such loans most often are secured by one-to-four family residences. The loans are expected to be repaid from the borrowers' cash flows.

Lease Commitments: At March 31, 2019, there are noncancelable operating leases for office space that expire on various dates through 2034. One such lease contains an escalation clause providing for increased rental based primarily on increases in real estate taxes. Rental expenses under operating leases, included in occupancy expense, totaled $354 and $405 for the three months ended March 31, 2019 and 2018, respectively.

The projected minimum rental payments under the terms of the leases at March 31, 2019 are as follows:

	March 31, 2019
Remainder of 2019	$	981
2020		1,345
2021		1,382
2022		1,294
2023		1,279
2024		1,316
Thereafter		5,660
	$	13,257

Legal Matters: The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company’s financial condition or results of operations.

Fair Value

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value

Note 12.

Fair Value

The following fair value hierarchy is used based on the lowest level of input significant to the fair value measurement. There are three levels of inputs that may be used to measure fair values:

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The Company used the following methods and significant assumptions to estimate fair value:

Cash and Cash Equivalents, Accrued Interest Receivable, Advance Payments by Borrowers for Taxes and Insurance, and Accrued Interest Payable: The carrying amount is a reasonable estimate of fair value. These assets and liabilities were not recorded at fair value on a recurring basis.

Note 12.

Fair Value (Continued)

Available-for-Sale Securities: These financial instruments are recorded at fair value in the consolidated financial statements on a recurring basis. Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted prices are not available, then fair values are estimated by using pricing models (e.g., matrix pricing) or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. Examples of such instruments include government agency bonds and mortgage-backed securities. Level 3 securities are securities for which significant unobservable inputs are utilized. There were no changes in valuation techniques used to measure similar assets during the period.

FHLB Stock: The carrying value of FHLB stock approximates fair value since the Bank can redeem such stock with FHLB at cost. As a member of the FHLB, we are required to purchase this stock, which we carry at cost and classify as restricted equity securities.

Loans: For variable rate loans, which reprice frequently and have no significant change in credit risk, carrying values are a reasonable estimate of fair values, adjusted for credit losses inherent in the portfolios. The fair value of fixed rate loans is estimated by discounting the future cash flows using estimated market rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, adjusted for credit losses inherent in the portfolios. Impaired loans are valued using a present value discounted cash flow method, or the fair value of the collateral. Loans are not recorded at fair value on a recurring basis.

Loans Held for Sale: Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is determined from actual bids from bona fide investors. These assets are classified as Level 2.

Other Real Estate Owned: Other real estate owned represents real estate acquired through foreclosure, and is recorded at fair value less estimated disposal costs on a nonrecurring basis. Fair value is based upon independent market prices, appraised values of the collateral or management's estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the asset is classified as Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the asset is classified as Level 3.

Deposits: The fair values of demand deposits, savings, NOW and money market accounts equal their carrying amounts, which represent the amounts payable on demand at the reporting date. Fair values for fixed-term, fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates on certificates of deposit to a schedule of aggregated expected monthly maturities on such deposits. Deposits are not recorded at fair value on a recurring basis.

Advances From the Federal Home Loan Bank: The fair value of the advances is estimated using a discounted cash flow calculation that applies current market-based FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. These borrowings are not recorded at fair value on a recurring basis.

Off-Balance-Sheet Instruments: Fair values for off-balance-sheet instruments (lending commitments and standby letters of credit) are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standing. Off-balance-sheet instruments are not recorded at fair value on a recurring basis.

Pension Plan Assets: The pension plan asset for the defined benefit plan represents the guaranteed deposit account on the Old Pension Plan. The guaranteed deposit account is valued at fair value by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the credit worthiness of the issuer. Such fair value measurement is considered a Level 3 measurement.

Note 12.

Fair Value (Continued)

The following tables detail the assets that are carried at fair value and measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018, and indicate the level within the fair value hierarchy utilized to determine the fair value:

			March 31, 2019
Description	Total		Level 1		Level 2		Level 3
Available-for-Sale Securities:
U.S. government and federal agencies	$	20,673	$	—	$	20,673	$	—
Mortgage-Backed Securities:
FNMA Certificates		687		—		687		—
GNMA Certificates		806		—		806		—
	$	22,166	$	—	$	22,166	$	—

			December 31, 2018
Description	Total		Level 1		Level 2		Level 3
Available-for-Sale Securities:
U.S. government and federal agencies	$	20,515	$	—	$	20,515	$	—
U.S. Treasury		4,995		4,995		—
Mortgage-Backed Securities:
FNMA Certificates		759		—		759		—
GNMA Certificates		875		—		875		—
	$	27,144	$	4,995	$	22,149	$	—

Management’s assessment and classification of an investment within a level can change over time based upon maturity or liquidity of the investment and would be reflected at the beginning of the quarter in which the change occurred.

The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 and indicate the fair value hierarchy utilized to determine the fair value:

	March 31, 2019
	Total		Level 1		Level 2		Level 3
Impaired loans	$	18,028	$	—	$	—	$	18,028

	December 31, 2018
	Total		Level 1		Level 2		Level 3
Impaired loans	$	17,225	$	—	$	—	$	17,225

Losses on assets carried at fair value on a nonrecurring basis were de minimis for the three months ended March 31, 2019 and 2018, respectively.

The fair value information about financial instruments are disclosed, whether or not recognized in the consolidated statements of financial condition, for which it is practicable to estimate that value. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts for 2019 and 2018 have been measured as of their respective period-ends and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each period.

Note 12.

Fair Value (Continued)

The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company's assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other banks may not be meaningful.

As of March 31, 2019 and December 31, 2018, the book balances and estimated fair values of the Company's financial instruments were as follows:

	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3		Total
March 31, 2019
Financial assets:
Cash and cash equivalents	$	41,567	$	41,567	$	—	$	—	$	41,567
Investment securities		22,166		—		22,166		—		22,166
Loans receivable, net		925,099		—		—		936,200		936,200
Accrued interest receivable		3,735		—		3,735		—		3,735
FHLB stock		2,915		2,915		—		—		2,915
Financial liabilities:
Deposits:
Demand deposits		113,572		113,572		—		—		113,572
Interest-bearing deposits		292,065		292,065		—		—		292,065
Certificates of deposit		401,144		—		401,989		—		401,989

Advance payments by borrowers for taxes and insurance		8,099		—		8,099		—		8,099
Advances from FHLB		44,404		44,404		—		—		44,404
Accrued interest payable		75		—		75		—		75

December 31, 2018
Financial assets:
Cash and cash equivalents	$	69,778	$	69,778	$	—	$	—	$	69,778
Investment securities		27,144		4,995		22,149		—		27,144
Loans receivable, net		918,509		—		—		926,867		926,867
Accrued interest receivable		3,795		—		3,795		—		3,795
FHLB stock		2,915		2,915		—		—		2,915
Financial liabilities:
Deposits:
Demand deposits		115,923		115,923		—		—		115,923
Interest-bearing deposits		269,749		269,749		—		—		269,749
Certificates of deposit		424,086		—		425,564		—		425,564
Advance payments by borrowers for taxes and insurance		6,037		—		6,037		—		6,037
Advances from FHLB		69,404		69,404		—		—		69,404
Accrued interest payable		63		—		63		—		63

Off-Balance-Sheet Instruments: Loan commitments on which the committed interest rate is less than the current market rate are insignificant at March 31, 2019 and December 31, 2018.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Regulatory Capital Requirements

3 Months Ended

Mar. 31, 2019

Banking And Thrift [Abstract]

Regulatory Capital Requirements

Note 13.

Regulatory Capital Requirements

The Company and the Bank are subject to various regulatory capital requirements administered by the Federal Reserve Board and the OCC, respectively. 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 Company’s operations and financial statements. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company's assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation require the maintenance of minimum amounts and ratios (set forth in the table below) of total risk-based and Tier 1 capital to risk-weighted assets (as defined), common equity Tier 1 capital (as defined), and Tier 1 capital to adjusted total assets (as defined) adjusted total assets (as defined). As of March 31, 2019 and December 31, 2018, all applicable capital adequacy requirements have been met.

The below minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer is being phased in from 0% for 2015 to 2.5% by 2019. The applicable capital buffer was 11.2% at March 31, 2019 and 11.4% at December 31, 2018.

The most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Company and the Bank must maintain minimum total risk-based, common equity risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There were no conditions or events since then that have changed the Bank's category.

The Company's and the Bank’s actual capital amounts and ratios as of March 31, 2019 and December 31, 2018 as compared to regulatory requirements are as follows:

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
	Actual					Adequacy Purposes					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
March 31, 2019
PDL Community Bancorp
Total Capital to Risk-Weighted Assets	$	187,773		24.12	%	$	62,269		8.00	%	$	77,836		10.00	%
Tier 1 Capital to Risk-Weighted Assets		178,297		22.91	%		46,702		6.00	%		62,269		8.00	%
Common Equity Tier 1 Capital Ratio		178,297		22.91	%		35,026		4.50	%		50,594		6.50	%
Tier 1 Capital to Total Assets		178,297		17.22	%		41,428		4.00	%		51,785		5.00	%
Ponce Bank
Total Capital to Risk-Weighted Assets	$	150,050		19.32	%	$	62,144		8.00	%	$	77,680		10.00	%
Tier 1 Capital to Risk-Weighted Assets		140,302		18.06	%		46,608		6.00	%		62,144		8.00	%
Common Equity Tier 1 Capital Ratio		140,302		18.06	%		34,956		4.50	%		50,492		6.50	%
Tier 1 Capital to Total Assets		140,302		13.56	%		41,379		4.00	%		51,724		5.00	%

Note 13.

Regulatory Capital Requirements (Continued)

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
	Actual					Adequacy Purposes					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
December 31, 2018
PDL Community Bancorp
Total Capital to Risk-Weighted Assets	$	186,940		24.36	%	$	61,385		8.00	%	$	76,731		10.00	%
Tier 1 Capital to Risk-Weighted Assets		177,307		23.11	%		46,038		6.00	%		61,385		8.00	%
Common Equity Tier 1 Capital Ratio		177,307		23.11	%		34,529		4.50	%		49,875		6.50	%
Tier 1 Capital to Total Assets		177,307		18.13	%		39,114		4.00	%		48,892		5.00	%
Ponce Bank
Total Capital to Risk-Weighted Assets	$	148,486		19.39	%	$	61,261		8.00	%	$	76,577		10.00	%
Tier 1 Capital to Risk-Weighted Assets		138,872		18.14	%		45,946		6.00	%		61,261		8.00	%
Common Equity Tier 1 Capital Ratio		138,872		18.14	%		34,459		4.50	%		49,775		6.50	%
Tier 1 Capital to Total Assets		138,872		13.66	%		40,652		4.00	%		50,815		5.00	%

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1E
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826

+ Details

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 14.

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) are as follows:

	March 31, 2019
	December 31, 2018			Change			March 31, 2019
Unrealized gains (losses) on securities available-for-sale, net	$	(291	)	$	134		$	(157	)
Unrealized losses on pension benefits, net		(7,844	)		(34	)		(7,878	)
Total	$	(8,135	)	$	100		$	(8,035	)

	December 31, 2018
	December 31, 2017			Change			December 31, 2018
Unrealized (losses) on securities available-for-sale, net	$	(221	)	$	(70	)	$	(291	)
Unrealized (losses) on pension benefits, net		(7,630	)		(214	)		(7,844	)
Total	$	(7,851	)	$	(284	)	$	(8,135	)

Transactions With Related Parties

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Transactions With Related Parties

Note 15.Transactions With Related Parties

Directors and officers of the Company have been customers of and have had transactions with the Bank, and it is expected that such persons will continue to have such transactions in the future. Aggregate loan transactions with related parties for the three months ended March 31, 2019 and 2018 were as follows:

	For the Three Months Ended March 31,
	2019			2018
Beginning balance	$	1,278		$	1,351
Originations		—			11
Payments		(23	)		(33	)
Ending balance	$	1,255		$	1,329

The Company held deposits in the amount of $9,192 and $6,943 from officers and directors at March 31, 2019 and December 31, 2018, respectively.

Nature of Business and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Financial Statement Presentation

Basis of Presentation and Consolidation:

Nature of Operations

Nature of Operations:

Use of Estimates

Interim Financial Statements

Significant Group Concentrations of Credit Risk

Cash and Cash Equivalents

Securities

Federal Home Loan Bank Stock

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Loans Receivable

Allowance for Loan Losses

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Residential and Multifamily Mortgage Loans

Nonresidential Mortgage Loans

Construction and Land Loans

Business Loans

Consumer Loans

Loans Held for Sale

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Transfers of Financial Assets

Premises and Equipment

Premises and Equipment: Premises and equipment are stated at cost, less accumulated depreciation.

Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows:

		Years
Building		39
Building improvements		15 - 39
Furniture, fixtures, and equipment		3 - 10

Impairment of Long-Lived Assets

Other Real Estate Owned

Income Taxes

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Income tax returns filed for years before 2015 are no longer subject to income tax examinations by U.S. federal, state or local tax authorities.

Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional provision for income taxes in the consolidated statements of income.

Related Party Transactions

Employee Benefit Plans

Employee Stock Ownership Plan

Stock Options

Restricted Stock Units

Comprehensive Income (Loss)

Loss Contingencies

Fair Value of Financial Instruments

Segment Reporting

Loan Commitments and Related Financial Instruments

Earnings Per Share ("EPS")

Treasury Stock

Treasury Stock: Shares repurchased under the Company’s share repurchase programs were purchased in open-market transactions and are held as treasury stock. All treasury stock is held at cost.

Reclassification of Prior Year Presentation

Recent Accounting Pronouncements

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Recent Accounting Pronouncements:

Accounting Guidance Adopted in 2018:

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Accounting Guidance Not Yet Adopted:

Note 1.

Nature of Business and Summary of Significant Accounting Policies (Continued)

Note 1.Nature of Business and Summary of Significant Accounting Policies (Continued)

Nature of Business and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Estimated Useful Lives of Assets

Depreciation is computed and charged to operations using the straight-line method over the estimated useful lives of the respective assets as follows:

		Years
Building		39
Building improvements		15 - 39
Furniture, fixtures, and equipment		3 - 10

Available-for-Sale Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investments Debt And Equity Securities [Abstract]

Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities

The amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
U.S. Government and Federal Agencies	$	20,925	$	—	$	(252	)	$	20,673
Mortgage-Backed Securities:
FNMA Certificates		703		—		(16	)		687
GNMA Certificates		793		13		—			806
	$	22,421	$	13	$	(268	)	$	22,166

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
U.S. Government and Federal Agencies	$	20,924	$	—	$	(409	)	$	20,515
U.S. Treasury		4,997				(2	)		4,995
Mortgage-Backed Securities:
FNMA Certificates		778		—		(19	)		759
GNMA Certificates		870		5		—			875
	$	27,569	$	5	$	(430	)	$	27,144

There were no investments classified as held-to-maturity as of March 31, 2019 and December 31, 2018. There were no sales for the three months ended March 31, 2019 and 2018.

Note 3.

Available-for-Sale Securities (Continued)

Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position

	March 31, 2019
	Securities With Gross Unrealized Losses
	Less Than 12 Months				12 Months or More					Total		Total
	Fair		Unrealized		Fair		Unrealized			Fair		Unrealized
	Value		Loss		Value		Loss			Value		Loss
U.S. Government and Federal Agencies	$	—	$	—	$	20,673	$	(252	)	$	20,673	$	(252	)
Mortgage-Backed
FNMA Certificates		—		—		687		(16	)		687		(16	)
	$	—	$	—	$	21,360	$	(268	)	$	21,360	$	(268	)

	December 31, 2018
	Securities With Gross Unrealized Losses
	Less Than 12 Months					12 Months or More					Total		Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
U.S. Government and Federal Agencies	$	—	$	—		$	20,515	$	(409	)	$	20,515	$	(409	)
U.S. Treasury		4,995		(2	)		—		—			4,995		(2	)
Mortgage-Backed
FNMA Certificates		—		—			759		(19	)		759		(19	)
	$	4,995	$	(2	)	$	21,274	$	(428	)	$	26,269	$	(430	)

Summary of Maturities of Securities

	March 31, 2019
	Available-for-Sale
	Amortized		Fair
	Cost		Value
U.S. Government and Federal Agency Securities:
Amounts maturing:
Three months or less	$	—	$	—
After three months through one year		6,555		6,500
After one year through five years		14,370		14,173
		20,925		20,673
Mortgage-Backed Securities		1,496		1,493
Total	$	22,421	$	22,166

	December 31, 2018
	Available-for-Sale
	Amortized		Fair
	Cost		Value
U.S. Government and Federal Agency Securities:
Amounts maturing:
Three months or less	$	4,997	$	4,995
After three months through one year		4,554		4,497
After one year through five years		16,370		16,018
		25,921		25,510
Mortgage-Backed Securities		1,648		1,634
Total	$	27,569	$	27,144

Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Summary of Loans

Loans at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31,			December 31,
	2019			2018
Mortgage loans:
1-4 family residences
Investor-Owned	$	304,650		$	303,197
Owner-Occupied		95,449			92,788
Multifamily residences		234,749			232,509
Nonresidential properties		199,903			196,917
Construction and land		84,844			87,572
Nonmortgage loans:
Business loans		15,101			15,710
Consumer loans		1,125			1,068
		935,821			929,761
Net deferred loan origination costs		1,727			1,407
Allowance for loan losses		(12,449	)		(12,659	)
Loans, net	$	925,099		$	918,509

Schedule of Credit Risk Ratings by Loan Segment

Note 4.

Loans Receivable and Allowance for Loan Losses (Continued)

The following tables present credit risk ratings by loan segment as of March 31, 2019 and December 31, 2018:

	March 31, 2019
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	388,378	$	233,674	$	198,484	$	63,566	$	14,446	$	1,121	$	899,669
Special mention		3,436		770		—		13,349		380		—		17,935
Substandard		8,285		305		1,419		7,929		275		4		18,217
Total	$	400,099	$	234,749	$	199,903	$	84,844	$	15,101	$	1,125	$	935,821

	December 31, 2018
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	383,123	$	231,422	$	195,327	$	71,438	$	14,324	$	1,068	$	896,702
Special mention		3,728		775		—		8,505		1,386		—		14,394
Substandard		9,134		312		1,590		7,629		—		—		18,665
Total	$	395,985	$	232,509	$	196,917	$	87,572	$	15,710	$	1,068	$	929,761

Schedule of Aging Analysis of Loans

An aging analysis of loans, as of March 31, 2019 and December 31, 2018, is as follows:

	March 31, 2019
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	303,569	$	—	$	552	$	529	$	304,650	$	2,307	$	—
Owner-Occupied		94,693		132		—		624		95,449		2,905		—
Multifamily		234,736		—		13		—		234,749		13		—
Nonresidential properties		198,923		92		—		888		199,903		1,142		—
Construction and land		84,695		149		—		—		84,844		1,341		—
Nonmortgage Loans:
Business		14,421		405		—		275		15,101		275		—
Consumer		1,125		—		—		—		1,125		4		—
Total	$	932,162	$	778	$	565	$	2,316	$	935,821	$	7,987	$	—

	December 31, 2018
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	296,188	$	6,539	$	470	$	—	$	303,197	$	1,258	$	—
Owner-Occupied		89,610		1,609		574		995		92,788		3,079		—
Multifamily		231,514		995		—		—		232,509		16		—
Nonresidential properties		195,861		—		4		1,052		196,917		1,310		—
Construction and land		87,572		—		—		—		87,572		1,115		—
Nonmortgage Loans:
Business		15,418		292		—		—		15,710		—		—
Consumer		1,068		—		—		—		1,068		—		—
Total	$	917,231	$	9,435	$	1,048	$	2,047	$	929,761	$	6,778	$	—

Schedule of Composition of Allowance for Loan Losses and Related Recorded Investment

The following schedules detail the composition of the allowance for loan losses and the related recorded investment in loans as of March 31, 2019 and 2018, and December 31, 2018:

	For the Three Months Ended March 31, 2019
	Mortgage Loans																Nonmortgage Loans						Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily			Nonresidential				Construction and Land				Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of period	$	3,799		$	1,208		$	3,829			$	1,925		$	1,631			$	260		$	7		$	12,659
Provision charged to expense		(248	)		(40	)		(116	)			(2	)		(98	)			651			2			149
Losses charged-off		—			—			—				—			—				(377	)		—			(377	)
Recoveries		—			—			—				2			—				15			1			18
Balance, end of period	$	3,551		$	1,168		$	3,713			$	1,925		$	1,533			$	549		$	10		$	12,449
Ending balance: individually evaluated for impairment	$	344		$	214		$	—			$	125		$	—			$	275		$	4		$	962
Ending balance: collectively evaluated for impairment		3,207			954			3,713				1,800			1,533				274			6			11,487
Total	$	3,551		$	1,168		$	3,713			$	1,925		$	1,533			$	549		$	10		$	12,449
Loans:
Ending balance: individually evaluated for impairment	$	7,464		$	6,321		$	13			$	2,570		$	1,341			$	315		$	4		$	18,028
Ending balance: collectively evaluated for impairment		297,186			89,128			234,736				197,333			83,503				14,786			1,121			917,793
Total	$	304,650		$	95,449		$	234,749			$	199,903		$	84,844			$	15,101		$	1,125		$	935,821

Note 4.Loans Receivable and Allowance for Loan Losses (Continued)

	For the Three Months Ended March 31, 2018
	Mortgage Loans												Nonmortgage Loans						Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily		Nonresidential		Construction and Land		Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of period	$	3,716		$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	11,071
Provision charged to expense		(27	)		(205	)		276		90		7		(53	)		6			94
Losses charged-off		—			—			—		—		—		—			(5	)		(5	)
Recoveries		—			173			—		3		—		72			1			249
Balance, end of period	$	3,689		$	1,370		$	3,385	$	1,517	$	1,212	$	228		$	8		$	11,409
Ending balance: individually evaluated for impairment	$	424		$	364		$	—	$	37	$	—	$	8		$	—		$	833
Ending balance: collectively evaluated for impairment		3,265			1,006			3,385		1,480		1,212		220			8			10,576
Total	$	3,689		$	1,370		$	3,385	$	1,517	$	1,212	$	228		$	8		$	11,409
Loans:
Ending balance: individually evaluated for impairment	$	7,069		$	9,357		$	—	$	3,366	$	1,097	$	485		$	—		$	21,374
Ending balance: collectively evaluated for impairment		283,440			87,586			204,474		155,159		66,874		13,440			975			811,948
Total	$	290,509		$	96,943		$	204,474	$	158,525	$	67,971	$	13,925		$	975		$	833,322

	For the Year Ended December 31, 2018
	Mortgage Loans											Nonmortgage Loans						Total
	1-4 Family Investor Owned		1-4 Family Owner Occupied			Multifamily		Nonresidential		Construction and Land		Business			Consumer			For the Period
Allowances for loan losses:
Balance, beginning of year	$	3,716	$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	11,071
Provision charged to expense		82		(444	)		720		492		426		(37	)		10			1,249
Losses charged-off		—		—			—		—		—		(34	)		(14	)		(48	)
Recoveries		1		250			—		9		—		122			5			387
Balance, end of year	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	12,659
Ending balance: individually evaluated for impairment	$	349	$	234		$	—	$	35	$	—	$	—		$	—		$	618
Ending balance: collectively evaluated for impairment		3,450		974			3,829		1,890		1,631		260			7			12,041
Total	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	12,659
Loans:
Ending balance: individually evaluated for impairment	$	6,452	$	6,525		$	16	$	2,750	$	1,108	$	374		$	—		$	17,225
Ending balance: collectively evaluated for impairment		296,745		86,263			232,493		194,167		86,464		15,336			1,068			912,536
Total	$	303,197	$	92,788		$	232,509	$	196,917	$	87,572	$	15,710		$	1,068		$	929,761

Schedule of Information Relates to Impaired Loans

The following information relates to impaired loans as of and for the three months ended March 31, 2019 and 2018 and for the year ended December 31, 2018:

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
For the Three Months Ended March 31, 2019	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	14,901	$	7,944	$	5,841	$	13,785	$	558	$	14,217	$	191
Multifamily		13		13		—		13		—		6		—
Nonresidential properties		2,766		2,094		476		2,570		125		2,698		37
Construction and land		1,615		1,341		—		1,341		—		1,153		1
Nonmortgage Loans:
Business		696		40		275		315		275		399		—
Consumer		4		—		4		4		4		1		—
Total	$	19,995	$	11,432	$	6,596	$	18,028	$	962	$	18,474	$	229

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
For the Three Months Ended March 31, 2018	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	17,720	$	9,277	$	7,149	$	16,426	$	788	$	17,772	$	182
Multifamily		—		—		—		—		—		104		—
Nonresidential properties		3,979		2,391		975		3,366		37		4,596		38
Construction and land		1,284		1,097		—		1,097		—		1,079		—
Nonmortgage Loans:
Business		528		467		18		485		8		542		5
Consumer		—		—		—		—		—		—		—
Total	$	23,511	$	13,232	$	8,142	$	21,374	$	833	$	24,093	$	225

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2018	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	12,985	$	7,080	$	5,898	$	12,978	$	583	$	15,163	$	758
Multifamily		16		16		—		16		—		36		3
Nonresidential properties		2,748		2,270		480		2,750		35		3,230		172
Construction and land		1,115		1,107		—		1,107		—		1,094		—
Nonmortgage Loans:
Business		374		374		—		374		—		454		22
Consumer		—		—		—		—		—		—		—
Total	$	17,238	$	10,847	$	6,378	$	17,225	$	618	$	19,977	$	955

Schedule of Troubled Debt Restructuring

As of and for the three months ended March 31, 2019 and as of and for the year ended December 31, 2018, there were no loans restructured as a TDR.

Loans Restructured During

All TDRs with a payment default

within 12 months following the

Three Months Ended March 31, 2019

modification

Pre-

Post-

Balance

Modification

of Loans

Number

Recorded

Number

at the Time

of Loans

Balance

of Loans

of Default

Mortgages:

1-4 Family

—

Total

—

Combination of rate, maturity, other

—

Total

—

	Loans Restructured During						All TDRs with a payment default within 12 months following the
	Year Ended December 31, 2018						modification
			Pre-		Post-				Balance
			Modification		Modification				of Loans
	Number		Recorded		Recorded		Number		at the Time
	of Loans		Balance		Balance		of Loans		of Default
Mortgages:
1-4 Family		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176
Combination of rate, maturity, other		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176

Premises and Equipment (Tables)

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Summary of Premises and Equipment

A summary of premises and equipment at March 31, 2019 and December 31, 2018 is as follows:

	March 31,			December 31,
	2019			2018
Land	$	3,979		$	3,979
Buildings and improvements		16,556			16,423
Leasehold improvements		23,968			23,430
Furniture, fixtures and equipment		8,208			7,728
		52,711			51,560
Less accumulated depreciation and amortization		(20,934	)		(20,425	)
Total premises and equipment	$	31,777		$	31,135

Deposits (Tables)

3 Months Ended

Mar. 31, 2019

Banking And Thrift [Abstract]

Summarized Deposits

Deposits at March 31, 2019 and December 31, 2018 are summarized as follows:

	March 31,		December 31,
	2019		2018
Demand	$	113,572	$	115,923
Interest-bearing deposits:
NOW/IOLA accounts		25,717		30,783
Money market accounts		144,346		116,175
Savings accounts		122,002		122,791
Total savings, NOW and money market		292,065		269,749
Certificates of deposit of $250K or more		82,675		90,195
All other certificates of deposit		318,469		333,891
Total certificates of deposit		401,144		424,086
Total interest-bearing deposits		693,209		693,835
Total deposits	$	806,781	$	809,758

Scheduled Maturities of Certificates of Deposit

At March 31, 2019 scheduled maturities of certificates of deposit were as follows:

March 31,
2020	$	185,837
2021		107,013
2022		61,436
2023		36,411
2024		10,447
	$	401,144

Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Borrowed Funds FHLB and Correspondent Bank Advances Maturity and Call Date

Borrowed funds at March 31, 2019 and December 31, 2018 consist of the following and are summarized by maturity and call date below:

	March 31,							December 31,
	2019							2018
	Scheduled Maturity		Redeemable at Call Date		Weighted Average Rate			Scheduled Maturity		Redeemable at Call Date		Weighted Average Rate
Correspondent Bank Overnight line of credit advance	$	—	$	—		—	%	$	25,000	$	25,000		2.64	%

FHLB Term advances ending:
2020		8,029		8,029		2.86			8,029		8,029		2.86
2021		3,000		3,000		1.84			3,000		3,000		1.84
2022		5,000		5,000		1.97			5,000		5,000		1.97
2023		28,375		28,375		2.82			28,375		28,375		2.82
	$	44,404	$	44,404		2.67	%	$	69,404	$	69,404		2.69	%

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the three months ended March 31, 2019 and 2018 consist of the following:

	For the Three Months Ended March 31,
	2019			2018
Federal:
Current	$	274		$	85
Deferred		8			130
		282			215
State and local:
Current		101			73
Deferred		(289	)		(104	)
		(188	)		(31	)
Valuation Allowance		213			84
Provision for income taxes	$	307		$	268

Schedule of Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense

	For the Three Months Ended March 31,
	2019			2018
Income tax, at federal rate	$	205		$	254
State and local tax, net of federal taxes		(150	)		(25	)
Valuation allowance, net of the federal benefit		213			84
Other		39			(45	)
	$	307		$	268

Schedule of Significant Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, 2019 and December 31, 2018 are presented below:

	At March 31,		At December 31,
	2019		2018

Deferred tax assets:
Allowance for losses on loans	$	3,857	$	3,939
Pension obligations		2,110		2,102
Interest on nonaccrual loans		101		74
Unrealized loss on available-for-sale securities		54		91
Amortization of intangible assets		97		102
Deferred rent payable		116		153
Net operating losses		3,301		3,111
Charitable contribution carryforward		1,676		1,694
Other		373		235
Total gross deferred tax assets		11,685		11,501
Deferred tax liabilities:
Cumulative contribution in excess of net periodic benefit costs, net		3,067		3,120
Depreciation and amortization of premises and equipment		108		222
Deferred loan fees		535		438
Other		6		6
Total gross deferred tax liabilities		3,716		3,786
Valuation allowance		4,117		3,904
Net deferred tax assets	$	3,852	$	3,811

Compensation and Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Summary Of Pension Plan Funded Status and Amounts Recognized in Financial Condition Statements

	March 31, 2019			December 31, 2018
Projected benefit obligation	$	(14,223	)	$	(14,244	)
Fair value of plan assets		14,334			14,416
Funded status	$	111		$	172
Accumulated benefit obligation	$	(14,223	)	$	(14,244	)

	March 31, 2019			December 31, 2018
Changes in benefit obligation:
Beginning of period	$	14,244		$	15,883
Service cost		10			39
Interest Cost		147			542
Interest rate change		—			(1,691	)
Mortality change		—			(41	)
Loss on accumulated benefit obligations		3			243
Administrative cost		(10	)		(39	)
Benefits paid		(171	)		(692	)
End of period	$	14,223		$	14,244

	March 31, 2019			December 31, 2018
Changes in plan assets:
Fair value of plan assets, beginning of period	$	14,416		$	14,732
Actual return on plan assets		99			415
Employer contributions		—			—
Plan participant contributions		—			—
Benefits paid		(171	)		(692	)
Administrative expenses paid		(10	)		(39	)
Fair value of plan assets, end of period	$	14,334		$	14,416

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost are as follows for the three months ended March 31, 2019 and 2018:

	For the Three Months Ended March 31,
	2019			2018
Service cost	$	10		$	10
Interest cost		147			135
Expected return on plan assets		(210	)		(215	)
Amortization of prior service cost		6			6
Amortization of loss		65			75
Net periodic benefit cost	$	18		$	11

Weighted Average Assumptions Used to Determine Net Benefit Obligations

Weighted-average assumptions used to determine the net benefit obligations consisted of the following as of March 31, 2019 and December 31, 2018:

	March 31,			December 31,
	2019			2018
Discount rate		4.25	%		4.25	%
Rate of compensation increase		0.00	%		0.00	%

Weighted Average Assumptions Used to Determine Net Benefit Cost

Weighted-average assumptions used to determine the net benefit cost consisted of the following for three months ended March 31, 2019 and 2018:

	For the Three Months Ended March 31,
	2019			2018
Discount rate		4.25	%		3.50	%
Rate of compensation increase		0.00	%		0.00	%
Expected long-term rate of return on assets		6.00	%		6.00	%

Employer Contributions and Benefit Payments

Employer contributions and benefit payments for the three months ended March 31, 2019 and 2018 are as follows:

	For the Three Months Ended March 31,
	2019		2018
Employer contribution	$	—	$	—
Benefits paid	$	171	$	187

Expected Employee Benefit Payments

Employee benefit payments expected to be paid in the future are as follows:

As of March 31,
2019	$	714
2020		706
2021		700
2022		718
2023		700
Thereafter		3,569
	$	7,107

Summary of ESOP Shares

A summary of the ESOP shares as of March 31, 2019 and December 31, 2018 are as follows:

	For the Quarter Ended		For the Year Ended
	March 31, 2019		December 31, 2018
Shares committed-to-be released		12,063		48,250
Shares to be allocated to participants		96,500		48,250
Unallocated shares		615,188		627,251
Total		723,751		723,751
Fair value of unearned shares	$	8,582	$	7,991

Schedule of Restricted Stock Awards Activity and Related Information

A summary of the Company’s restricted stock units awards activity and related information for the three months ended March 31, 2019 and year ended December 31, 2018 are as follows:

	March 31, 2019
	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Non-vested, beginning of year		510,879		$	12.77
Granted		29,725			12.93
Forfeited		(29,725	)		12.77
Non-vested at March 31		510,879		$	12.78

	December 31, 2018
	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Non-vested, beginning of year		—		$	—
Granted		510,879			12.77
Forfeited		—			—
Non-vested at December 31		510,879		$	12.77

Schedule of Stock Option Awards Activity and Related Information

A summary of the Company’s stock option awards activity and related information for the three months ended March 31, 2019 and year ended December 31, 2018 are as follows:

	March 31, 2019
	Options			Weighted- Average Exercise Price Per Share		Average Intrinsic Value
Outstanding, beginning of year		163,766		$	12.77	$	—
Granted		8,918			12.93		—
Exercised		—			—		—
Forfeited		(8,918	)		12.77		—
Outstanding at March 31		163,766		$	12.78	$	—
Exercisable at March 31		—		$	12.78	$	—

	December 31, 2018
	Options			Weighted- Average Exercise Price Per Share		Average Intrinsic Value
Outstanding, beginning of year		—		$	—		—
Granted		163,766			12.77		—
Exercised		—			—		—
Forfeited		—			—		—
Outstanding at December 31		163,766		$	12.77	$	—
Exercisable at December 31		—		$	12.77	$	—

Schedule of Fair Value of Option Grant Using Black-Scholes Option Pricing Model With Weighted Average Assumptions

The fair value of each option grant is estimated on the date of grant using Black-Scholes option pricing model with the following weighted average assumptions:

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common Share

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

	For the Three Months Ended March 31,
	2019		2018
Net income for the period	$	668	$	941

Shares Outstanding for basic EPS:
Weighted average shares outstanding		18,462,412		18,463,028
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares		627,117		675,367
Basic weighted shares outstanding		17,835,295		17,787,661
Basic earnings per share	$	0.04	$	0.05
Potential dilutive common shares:
Add: Dilutive effect of restricted stock awards and stock options		30,059		—
Diluted weighted average shares outstanding		17,865,354		17,787,661
Diluted earnings per share	$	0.04	$	0.05

Commitments, Contingencies and Credit Risk (Tables)

3 Months Ended

Mar. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Financial Instruments Whose Contractual Amounts Represent Credit Risk

Financial instruments whose contractual amounts represent credit risk at March 31, 2019 and December 31, 2018 are as follows:

	March 31,		December 31,
	2019		2018
Commitments to grant mortgage loans	$	49,507	$	52,017
Unfunded commitments under lines of credit		42,012		44,752
Standby letters of credit		7,759		7,759
	$	99,278	$	104,528

Projected Minimum Rental Payments under Terms of Leases

The projected minimum rental payments under the terms of the leases at March 31, 2019 are as follows:

	March 31, 2019
Remainder of 2019	$	981
2020		1,345
2021		1,382
2022		1,294
2023		1,279
2024		1,316
Thereafter		5,660
	$	13,257

- Definition

Tabular disclosure of all significant concentrations of risk, including credit risk and market risk, arising from all financial instruments (as defined), whether from an individual counterparty or groups of counterparties. The disclosure concerning concentrations of risk may consist of the following information: (1) for concentrations of credit risk disclosure may include: (a) information about the (shared) activity, region, or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity, (c) the policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into master netting arrangements to mitigate the credit risk of financial instruments, information about the arrangements for which the entity is a party, and a brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk and (2) for disclosure of quantitative information about the market risks of financial instruments that is consistent with the way the company manages or adjusts those risks, disclosure may include: (a) more details about current positions and perhaps activity during the period, (b) the hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices, (c) a gap analysis of interest rate re-pricing or maturity dates, (d) the duration of the financial instruments, (e) the entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year, or (f) other ways of reporting quantitative information as internally developed.

+ References + Details

Fair Value (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on Recurring Basis

			March 31, 2019
Description	Total		Level 1		Level 2		Level 3
Available-for-Sale Securities:
U.S. government and federal agencies	$	20,673	$	—	$	20,673	$	—
Mortgage-Backed Securities:
FNMA Certificates		687		—		687		—
GNMA Certificates		806		—		806		—
	$	22,166	$	—	$	22,166	$	—

			December 31, 2018
Description	Total		Level 1		Level 2		Level 3
Available-for-Sale Securities:
U.S. government and federal agencies	$	20,515	$	—	$	20,515	$	—
U.S. Treasury		4,995		4,995		—
Mortgage-Backed Securities:
FNMA Certificates		759		—		759		—
GNMA Certificates		875		—		875		—
	$	27,144	$	4,995	$	22,149	$	—

Assets Measured at Fair Value on Nonrecurring Basis

	March 31, 2019
	Total		Level 1		Level 2		Level 3
Impaired loans	$	18,028	$	—	$	—	$	18,028

	December 31, 2018
	Total		Level 1		Level 2		Level 3
Impaired loans	$	17,225	$	—	$	—	$	17,225

Estimated Fair Values of Financial Instruments

As of March 31, 2019 and December 31, 2018, the book balances and estimated fair values of the Company's financial instruments were as follows:

	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3		Total
March 31, 2019
Financial assets:
Cash and cash equivalents	$	41,567	$	41,567	$	—	$	—	$	41,567
Investment securities		22,166		—		22,166		—		22,166
Loans receivable, net		925,099		—		—		936,200		936,200
Accrued interest receivable		3,735		—		3,735		—		3,735
FHLB stock		2,915		2,915		—		—		2,915
Financial liabilities:
Deposits:
Demand deposits		113,572		113,572		—		—		113,572
Interest-bearing deposits		292,065		292,065		—		—		292,065
Certificates of deposit		401,144		—		401,989		—		401,989

Advance payments by borrowers for taxes and insurance		8,099		—		8,099		—		8,099
Advances from FHLB		44,404		44,404		—		—		44,404
Accrued interest payable		75		—		75		—		75

December 31, 2018
Financial assets:
Cash and cash equivalents	$	69,778	$	69,778	$	—	$	—	$	69,778
Investment securities		27,144		4,995		22,149		—		27,144
Loans receivable, net		918,509		—		—		926,867		926,867
Accrued interest receivable		3,795		—		3,795		—		3,795
FHLB stock		2,915		2,915		—		—		2,915
Financial liabilities:
Deposits:
Demand deposits		115,923		115,923		—		—		115,923
Interest-bearing deposits		269,749		269,749		—		—		269,749
Certificates of deposit		424,086		—		425,564		—		425,564
Advance payments by borrowers for taxes and insurance		6,037		—		6,037		—		6,037
Advances from FHLB		69,404		69,404		—		—		69,404
Accrued interest payable		63		—		63		—		63

Regulatory Capital Requirements (Tables)

3 Months Ended

Mar. 31, 2019

Banking And Thrift [Abstract]

Summary of Bank's Actual Capital Amounts and Ratios As Compared to Regulatory Requirements

The Company's and the Bank’s actual capital amounts and ratios as of March 31, 2019 and December 31, 2018 as compared to regulatory requirements are as follows:

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
	Actual					Adequacy Purposes					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
March 31, 2019
PDL Community Bancorp
Total Capital to Risk-Weighted Assets	$	187,773		24.12	%	$	62,269		8.00	%	$	77,836		10.00	%
Tier 1 Capital to Risk-Weighted Assets		178,297		22.91	%		46,702		6.00	%		62,269		8.00	%
Common Equity Tier 1 Capital Ratio		178,297		22.91	%		35,026		4.50	%		50,594		6.50	%
Tier 1 Capital to Total Assets		178,297		17.22	%		41,428		4.00	%		51,785		5.00	%
Ponce Bank
Total Capital to Risk-Weighted Assets	$	150,050		19.32	%	$	62,144		8.00	%	$	77,680		10.00	%
Tier 1 Capital to Risk-Weighted Assets		140,302		18.06	%		46,608		6.00	%		62,144		8.00	%
Common Equity Tier 1 Capital Ratio		140,302		18.06	%		34,956		4.50	%		50,492		6.50	%
Tier 1 Capital to Total Assets		140,302		13.56	%		41,379		4.00	%		51,724		5.00	%

Note 13.

Regulatory Capital Requirements (Continued)

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
	Actual					Adequacy Purposes					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
December 31, 2018
PDL Community Bancorp
Total Capital to Risk-Weighted Assets	$	186,940		24.36	%	$	61,385		8.00	%	$	76,731		10.00	%
Tier 1 Capital to Risk-Weighted Assets		177,307		23.11	%		46,038		6.00	%		61,385		8.00	%
Common Equity Tier 1 Capital Ratio		177,307		23.11	%		34,529		4.50	%		49,875		6.50	%
Tier 1 Capital to Total Assets		177,307		18.13	%		39,114		4.00	%		48,892		5.00	%
Ponce Bank
Total Capital to Risk-Weighted Assets	$	148,486		19.39	%	$	61,261		8.00	%	$	76,577		10.00	%
Tier 1 Capital to Risk-Weighted Assets		138,872		18.14	%		45,946		6.00	%		61,261		8.00	%
Common Equity Tier 1 Capital Ratio		138,872		18.14	%		34,459		4.50	%		49,775		6.50	%
Tier 1 Capital to Total Assets		138,872		13.66	%		40,652		4.00	%		50,815		5.00	%

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) are as follows:

	March 31, 2019
	December 31, 2018			Change			March 31, 2019
Unrealized gains (losses) on securities available-for-sale, net	$	(291	)	$	134		$	(157	)
Unrealized losses on pension benefits, net		(7,844	)		(34	)		(7,878	)
Total	$	(8,135	)	$	100		$	(8,035	)

	December 31, 2018
	December 31, 2017			Change			December 31, 2018
Unrealized (losses) on securities available-for-sale, net	$	(221	)	$	(70	)	$	(291	)
Unrealized (losses) on pension benefits, net		(7,630	)		(214	)		(7,844	)
Total	$	(7,851	)	$	(284	)	$	(8,135	)

Transactions With Related Parties (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of Aggregate Loan Transactions with Related Parties

Aggregate loan transactions with related parties for the three months ended March 31, 2019 and 2018 were as follows:

	For the Three Months Ended March 31,
	2019			2018
Beginning balance	$	1,278		$	1,351
Originations		—			11
Payments		(23	)		(33	)
Ending balance	$	1,255		$	1,329

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) BranchOffice Segment BranchLease
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	13
Minimum collection percentage of securities required to be considered as a maturity	85.00%
Period of historical loss experience to estimate allowance for loan losses	36 months
Percentage of largest amount of tax benefits likely to realize	50.00%
Number of reportable operating segment \| Segment	1
Number of leases branches \| BranchLease	6
Reclassification of certain income tax effects from accumulated other comprehensive income \| $	$ 1,281
Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Period on which interest rate is adjusted	5 years
Minimum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	65.00%
Minimum \| Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	6 months
Minimum \| Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan amortization period	15 years
Balloon payments period of loan	10 years
Minimum \| Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	5 years
Maximum
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	90.00%
Maximum \| Construction Loans
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	2 years
Maximum \| Commercial Real Estate Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Percentage of loan to value ratio	75.00%
Loan amortization period	30 years
Balloon payments period of loan	15 years
Maximum \| Commercial Portfolio Segment
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Loan term	7 years
Bronx
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	4
Manhattan
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	2
Queens
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	3
Brooklyn
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	3
New York and Union City
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Number of branch offices	1
Ponce De Leon Federal Bank
Nature Of Business And Summary Of Significant Accounting Policies Table Of Statement [Line Items]
Ownership percentage	100.00%

Nature of Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	3 Months Ended
	Mar. 31, 2019
Building
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Minimum \| Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Minimum \| Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Maximum \| Building Improvements
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	39 years
Maximum \| Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Estimated useful lives of assets	10 years

Restrictions on Cash and Due From Banks - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Cash And Cash Equivalents [Abstract]
Restricted cash	$ 5,176	$ 44,717
Required reserve balances in cash or on deposit with the Federal Reserve Bank	$ 5,055	$ 4,375

Available-for-Sale Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 22,421	$ 27,569
Gross Unrealized Gains	13	5
Gross Unrealized Losses	(268)	(430)
Fair Value	22,166	27,144
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	20,925	20,924
Gross Unrealized Losses	(252)	(409)
Fair Value	20,673	20,515
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	703	778
Gross Unrealized Losses	(16)	(19)
Fair Value	687	759
GNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	793	870
Gross Unrealized Gains	13	5
Fair Value	$ 806	875
US Treasury
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost		4,997
Gross Unrealized Losses		(2)
Fair Value		$ 4,995

Available-for-Sale Securities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019 USD ($) Investment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($) Investment
Investments Debt And Equity Securities [Abstract]
Held to maturity	$ 0		$ 0
Sale of available-for-sale securities	$ 0	$ 0
Number of investment securities \| Investment	11		12
Number of investment securities not other than temporary \| Investment	10		11
Securities pledged	$ 0		$ 0

Available-for-Sale Securities - Company's Securities' Gross Unrealized Losses and Fair Values, Aggregated by Length of Time Individual Securities Have Been in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		$ 4,995
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss		(2)
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	$ 21,360	21,274
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(268)	(428)
Securities With Gross Unrealized Losses, Total Fair Value	21,360	26,269
Securities With Gross Unrealized Losses, Total Unrealized Loss	(268)	(430)
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	20,673	20,515
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(252)	(409)
Securities With Gross Unrealized Losses, Total Fair Value	20,673	20,515
Securities With Gross Unrealized Losses, Total Unrealized Loss	(252)	(409)
FNMA Certificates
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses 12 Months or More, Fair Value	687	759
Securities With Gross Unrealized Losses 12 Months or More, Unrealized Loss	(16)	(19)
Securities With Gross Unrealized Losses, Total Fair Value	687	759
Securities With Gross Unrealized Losses, Total Unrealized Loss	$ (16)	(19)
US Treasury
Schedule Of Available For Sale Securities [Line Items]
Securities With Gross Unrealized Losses Less Than 12 Months, Fair Value		4,995
Securities With Gross Unrealized Losses Less Than 12 Months, Unrealized Loss		(2)
Securities With Gross Unrealized Losses, Total Fair Value		4,995
Securities With Gross Unrealized Losses, Total Unrealized Loss		$ (2)

Available-for-Sale Securities - Summary of Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 22,421	$ 27,569
Available-for-sale securities, at fair value (Note 3)	22,166	27,144
U.S. Government and Federal Agencies
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities Three months or less, Amortized Cost		4,997
Available-for-Sale Securities After three months through one year, Amortized Cost	6,555	4,554
Available-for-Sale Securities After one year through five years, Amortized Cost	14,370	16,370
Available-for-Sale Securities, Amortized Cost	20,925	25,921
Available-for-Sale Securities Three months or less, Fair Value		4,995
Available-for-Sale Securities After three months through one year, Fair Value	6,500	4,497
Available-for-Sale Securities After one year through five years, Fair Value	14,173	16,018
Available-for-sale securities, at fair value (Note 3)	20,673	25,510
Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	1,496	1,648
Available-for-sale securities, at fair value (Note 3)	$ 1,493	$ 1,634

Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 935,821	$ 929,761
Net deferred loan origination costs	1,727	1,407
Allowance for loan losses	(12,449)	(12,659)
Loans, net	925,099	918,509
1-4 Family Residences Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	304,650	303,197
1-4 Family Residences Owner-Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	95,449	92,788
Multifamily Residences
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	234,749	232,509
Nonresidential Properties
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	199,903	196,917
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	84,844	87,572
Commercial Portfolio Segment
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	15,101	15,710
Consumer Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Loans before net deferred loan origination cost and allowance for losses on loan	$ 1,125	$ 1,068

Loans Receivable and Allowance for Loan Losses - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019 USD ($) Loan	Dec. 31, 2018 USD ($) Loan	Mar. 31, 2018 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Restructured loans \| Loan	0	0
Number of troubled debt restructured loans, included in impaired loans \| Loan	40	40
Impaired loans	$ 18,028	$ 17,225	$ 21,374
Impairment reserves	962	618	$ 833
Troubled Debt Restructured Loans
Accounts Notes And Loans Receivable [Line Items]
Impaired loans	13,646	14,104
Impairment reserves	$ 683	$ 618
Minimum
Accounts Notes And Loans Receivable [Line Items]
Strong Pass Loans to new or existing borrowers collateralized percentage	90.00%

Aging Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable Recorded Investment Past Due [Line Items]
Current	$ 932,162	$ 917,231
Total Past Due	935,821	929,761
Nonaccrual Loans	7,987	6,778
1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Current	303,569	296,188
Total Past Due	304,650	303,197
Nonaccrual Loans	2,307	1,258
1-4 Family Owner Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Current	94,693	89,610
Total Past Due	95,449	92,788
Nonaccrual Loans	2,905	3,079
Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Current	234,736	231,514
Total Past Due	234,749	232,509
Nonaccrual Loans	13	16
Nonresidential
Financing Receivable Recorded Investment Past Due [Line Items]
Current	198,923	195,861
Total Past Due	199,903	196,917
Nonaccrual Loans	1,142	1,310
Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Current	84,695	87,572
Total Past Due	84,844	87,572
Nonaccrual Loans	1,341	1,115
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	778	9,435
Financing Receivables, 30 to 59 Days Past Due \| 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		6,539
Financing Receivables, 30 to 59 Days Past Due \| 1-4 Family Owner Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	132	1,609
Financing Receivables, 30 to 59 Days Past Due \| Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		995
Financing Receivables, 30 to 59 Days Past Due \| Nonresidential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	92
Financing Receivables, 30 to 59 Days Past Due \| Construction and Land
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	149
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	565	1,048
Financing Receivables, 60 to 89 Days Past Due \| 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	552	470
Financing Receivables, 60 to 89 Days Past Due \| 1-4 Family Owner Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		574
Financing Receivables, 60 to 89 Days Past Due \| Multifamily
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	13
Financing Receivables, 60 to 89 Days Past Due \| Nonresidential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		4
Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2,316	2,047
Financing Receivables, Over 90 Days Past Due \| 1-4 Family Investor Owned
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	529
Financing Receivables, Over 90 Days Past Due \| 1-4 Family Owner Occupied
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	624	995
Financing Receivables, Over 90 Days Past Due \| Nonresidential
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	888	1,052
Business
Financing Receivable Recorded Investment Past Due [Line Items]
Current	14,421	15,418
Total Past Due	15,101	15,710
Nonaccrual Loans	275
Business \| Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	405	292
Business \| Financing Receivables, Over 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	275
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Current	1,125	1,068
Total Past Due	1,125	$ 1,068
Nonaccrual Loans	$ 4

Composition of Allowance for Loan Losses and Related Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	$ 12,659	$ 11,071	$ 11,071
Provision charged to expense	149	94	1,249
Losses charged-off	(377)	(5)	(48)
Recoveries	18	249	387
Balance, end of period	12,449	11,409	12,659
Ending balance: individually evaluated for impairment	962	833	618
Ending balance: collectively evaluated for impairment	11,487	10,576	12,041
Ending balance: individually evaluated for impairment	18,028	21,374	17,225
Ending balance: collectively evaluated for impairment	917,793	811,948	912,536
Total	935,821	833,322	929,761
1-4 Family Investor Owned
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,799	3,716	3,716
Provision charged to expense	(248)	(27)	82
Recoveries			1
Balance, end of period	3,551	3,689	3,799
Ending balance: individually evaluated for impairment	344	424	349
Ending balance: collectively evaluated for impairment	3,207	3,265	3,450
Ending balance: individually evaluated for impairment	7,464	7,069	6,452
Ending balance: collectively evaluated for impairment	297,186	283,440	296,745
Total	304,650	290,509	303,197
1-4 Family Owner Occupied
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,208	1,402	1,402
Provision charged to expense	(40)	(205)	(444)
Recoveries		173	250
Balance, end of period	1,168	1,370	1,208
Ending balance: individually evaluated for impairment	214	364	234
Ending balance: collectively evaluated for impairment	954	1,006	974
Ending balance: individually evaluated for impairment	6,321	9,357	6,525
Ending balance: collectively evaluated for impairment	89,128	87,586	86,263
Total	95,449	96,943	92,788
Multifamily
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	3,829	3,109	3,109
Provision charged to expense	(116)	276	720
Balance, end of period	3,713	3,385	3,829
Ending balance: collectively evaluated for impairment	3,713	3,385	3,829
Ending balance: individually evaluated for impairment	13		16
Ending balance: collectively evaluated for impairment	234,736	204,474	232,493
Total	234,749	204,474	232,509
Nonresidential
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,925	1,424	1,424
Provision charged to expense	(2)	90	492
Recoveries	2	3	9
Balance, end of period	1,925	1,517	1,925
Ending balance: individually evaluated for impairment	125	37	35
Ending balance: collectively evaluated for impairment	1,800	1,480	1,890
Ending balance: individually evaluated for impairment	2,570	3,366	2,750
Ending balance: collectively evaluated for impairment	197,333	155,159	194,167
Total	199,903	158,525	196,917
Construction and Land
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	1,631	1,205	1,205
Provision charged to expense	(98)	7	426
Balance, end of period	1,533	1,212	1,631
Ending balance: collectively evaluated for impairment	1,533	1,212	1,631
Ending balance: individually evaluated for impairment	1,341	1,097	1,108
Ending balance: collectively evaluated for impairment	83,503	66,874	86,464
Total	84,844	67,971	87,572
Business
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	260	209	209
Provision charged to expense	651	(53)	(37)
Losses charged-off	(377)		(34)
Recoveries	15	72	122
Balance, end of period	549	228	260
Ending balance: individually evaluated for impairment	275	8
Ending balance: collectively evaluated for impairment	274	220	260
Ending balance: individually evaluated for impairment	315	485	374
Ending balance: collectively evaluated for impairment	14,786	13,440	15,336
Total	15,101	13,925	15,710
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Balance, beginning of period	7	6	6
Provision charged to expense	2	6	10
Losses charged-off		(5)	(14)
Recoveries	1	1	5
Balance, end of period	10	8	7
Ending balance: individually evaluated for impairment	4
Ending balance: collectively evaluated for impairment	6	8	7
Ending balance: individually evaluated for impairment	4
Ending balance: collectively evaluated for impairment	1,121	975	1,068
Total	$ 1,125	$ 975	$ 1,068

Information Relates to Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 19,995	$ 23,511	$ 17,238
Recorded Investment With No Allowance	11,432	13,232	10,847
Recorded Investment With Allowance	6,596	8,142	6,378
Total Recorded Investment	18,028	21,374	17,225
Related Allowance	962	833	618
Average Recorded Investment	18,474	24,093	19,977
Interest Income Recognized on Cash Basis	229	225	955
1-4 Family
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	14,901	17,720	12,985
Recorded Investment With No Allowance	7,944	9,277	7,080
Recorded Investment With Allowance	5,841	7,149	5,898
Total Recorded Investment	13,785	16,426	12,978
Related Allowance	558	788	583
Average Recorded Investment	14,217	17,772	15,163
Interest Income Recognized on Cash Basis	191	182	758
Multifamily
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	13		16
Recorded Investment With No Allowance	13		16
Total Recorded Investment	13		16
Average Recorded Investment	6	104	36
Interest Income Recognized on Cash Basis			3
Nonresidential Properties
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	2,766	3,979	2,748
Recorded Investment With No Allowance	2,094	2,391	2,270
Recorded Investment With Allowance	476	975	480
Total Recorded Investment	2,570	3,366	2,750
Related Allowance	125	37	35
Average Recorded Investment	2,698	4,596	3,230
Interest Income Recognized on Cash Basis	37	38	172
Construction and Land
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	1,615	1,284	1,115
Recorded Investment With No Allowance	1,341	1,097	1,107
Total Recorded Investment	1,341	1,097	1,107
Average Recorded Investment	1,153	1,079	1,094
Interest Income Recognized on Cash Basis	1
Business
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	696	528	374
Recorded Investment With No Allowance	40	467	374
Recorded Investment With Allowance	275	18
Total Recorded Investment	315	485	374
Related Allowance	275	8
Average Recorded Investment	399	542	454
Interest Income Recognized on Cash Basis		$ 5	$ 22
Consumer
Financing Receivable Impaired [Line Items]
Unpaid Contractual Principal Balance	4
Recorded Investment With Allowance	4
Total Recorded Investment	4
Related Allowance	4
Average Recorded Investment	$ 1

Schedule of Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019 Loan	Dec. 31, 2018 USD ($) Loan
Financing Receivable Modifications [Line Items]
Loans Restructured, Number of Loans	0	0
All TDRs with a payment default within 12 months following modification, Number of Loans		1
All TDRs with a paymentdefault within 12 months following modification, Balance of Loans at the Time of Default \| $		$ 176
Mortgage Loans
Financing Receivable Modifications [Line Items]
All TDRs with a payment default within 12 months following modification, Number of Loans		1
All TDRs with a paymentdefault within 12 months following modification, Balance of Loans at the Time of Default \| $		$ 176
Mortgage Loans \| 1-4 Family
Financing Receivable Modifications [Line Items]
All TDRs with a payment default within 12 months following modification, Number of Loans		1
All TDRs with a paymentdefault within 12 months following modification, Balance of Loans at the Time of Default \| $		$ 176
Combination of Rate, Maturity, Other
Financing Receivable Modifications [Line Items]
All TDRs with a payment default within 12 months following modification, Number of Loans		1
All TDRs with a paymentdefault within 12 months following modification, Balance of Loans at the Time of Default \| $		$ 176

Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 52,711	$ 51,560
Less accumulated depreciation and amortization	(20,934)	(20,425)
Total premises and equipment	31,777	31,135
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,979	3,979
Building Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	16,556	16,423
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	23,968	23,430
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 8,208	$ 7,728

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 509	$ 417
Property, plant and equipment, gross	52,711		$ 51,560
Leasehold Improvements
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	538
Property, plant and equipment, gross	23,968		23,430
Furniture, Fixtures and Equipment
Property Plant And Equipment [Line Items]
Increase (decrease) in property, plant and equipment	480
Property, plant and equipment, gross	$ 8,208		$ 7,728

Deposits - Summarized Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
Demand	$ 113,572	$ 115,923
NOW/IOLA accounts	25,717	30,783
Money market accounts	144,346	116,175
Savings accounts	122,002	122,791
Total savings, NOW and money market	292,065	269,749
Certificates of deposit of $250K or more	82,675	90,195
All other certificates of deposit	318,469	333,891
Total certificates of deposit	401,144	424,086
Total interest-bearing deposits	693,209	693,835
Total deposits	$ 806,781	$ 809,758

Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
2020	$ 185,837
2021	107,013
2022	61,436
2023	36,411
2024	10,447
Total certificates of deposit	$ 401,144	$ 424,086

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Disclosure [Abstract]
Advance from the Federal Home Loan Bank	$ 44,404		$ 44,404
Guarantee from the FHLB through a standby letter of credit	7,639		7,639
Unsecured line of credit amount	25,000		25,000
Unsecured fed fund line amount outstanding	0		25,000
Interest expense on FHLB advances	333	$ 98
Collateral in residential 1-4 and multifamily mortgage loans available to secure advances from the FHLB	$ 288,869		$ 280,457

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Borrowings - Schedule of Borrowed Funds FHLB and Correspondent Bank Advances Maturity and Call Date (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Line Of Credit Facility [Line Items]
2020	$ 8,029	$ 8,029
2021	3,000	3,000
2022	5,000	5,000
2023	28,375	28,375
Total	44,404	69,404
2020	8,029	8,029
2021	3,000	3,000
2022	5,000	5,000
2023	28,375	28,375
Total	$ 44,404	$ 69,404
2020	2.86%	2.86%
2021	1.84%	1.84%
2022	1.97%	1.97%
2023	2.82%	2.82%
Total	2.67%	2.69%
Correspondent Bank
Line Of Credit Facility [Line Items]
Correspondent Bank Overnight line of credit advance		$ 25,000
Correspondent Bank Overnight line of credit advance		$ 25,000
Correspondent Bank Overnight line of credit advance		2.64%

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Federal:
Current	$ 274	$ 85
Deferred	8	130
Federal income tax provision (benefit)	282	215
State and local:
Current	101	73
Deferred	(289)	(104)
State and local income tax provision (benefit)	(188)	(31)
Valuation Allowance	213	84
Provision for income taxes	$ 307	$ 268

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Income Taxes [Line Items]
Federal income tax rate	21.00%	21.00%	34.00%
Increased in valuation allowance	$ (213,000)	$ (84,000)
NEW YORK
Income Taxes [Line Items]
Increased in valuation allowance	213,000	$ 84,000
Unrecognized tax benefits related to uncertain tax positions	$ 0			$ 0

Income Taxes - Reconciliation of Differences Between Federal Income Tax Rate and Total Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract]
Income tax, at federal rate	$ 205	$ 254
State and local tax, net of federal taxes	(150)	(25)
Valuation allowance, net of the federal benefit	213	84
Other	39	(45)
Provision for income taxes	$ 307	$ 268

Income Taxes - Significant Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for losses on loans	$ 3,857	$ 3,939
Pension obligations	2,110	2,102
Interest on nonaccrual loans	101	74
Unrealized loss on available-for-sale securities	54	91
Amortization of intangible assets	97	102
Deferred rent payable	116	153
Net operating losses	3,301	3,111
Charitable contribution carryforward	1,676	1,694
Other	373	235
Total gross deferred tax assets	11,685	11,501
Deferred tax liabilities:
Cumulative contribution in excess of net periodic benefit costs, net	3,067	3,120
Depreciation and amortization of premises and equipment	108	222
Deferred loan fees	535	438
Other	6	6
Total gross deferred tax liabilities	3,716	3,786
Valuation allowance	4,117	3,904
Net deferred tax assets	$ 3,852	$ 3,811

Compensation and Benefit Plans - Summary Of Pension Plan Funded Status and Amounts Recognized in Financial Condition Statements (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]
Projected benefit obligation	$ (14,223)	$ (15,883)	$ (14,244)	$ (14,223)	$ (14,244)
Fair value of plan assets	14,334	14,732	14,416	14,334	14,416
Funded status				111	172
Accumulated benefit obligation				$ (14,223)	$ (14,244)
Changes in benefit obligation:
Beginning of period	14,244	15,883	15,883
Service cost	10	10	39
Interest Cost	147	135	542
Interest rate change			(1,691)
Mortality change			(41)
Loss on accumulated benefit obligations	3		243
Administrative cost	(10)		(39)
Benefits paid	(171)		(692)
End of period	14,223		14,244
Changes in plan assets:
Fair value of plan assets, beginning of period	14,416	14,732	14,732
Actual return on plan assets	99		415
Benefits paid	(171)	$ (187)	(692)
Administrative expenses paid	(10)		(39)
Fair value of plan assets, end of period	$ 14,334		$ 14,416

Compensation and Benefit Plans - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($) Executive $ / shares shares	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($) $ / shares shares	Dec. 31, 2017 USD ($)
Compensation And Benefit Plans Disclosure [Line Items]
Pretax amounts recognized in accumulated other comprehensive loss \| $	$ 9,900		$ 9,856
Fair value of pension plan assets \| $	$ 14,334		$ 14,416	$ 14,732
Maximum employer matching contribution percentage	4.00%	4.00%
Expenses recognized \| $	$ 90	$ 82
ESOP related compensation expense \| $	$ 203	189
Number of option grants	8,918		163,766
Weighted-average exercise price for options \| $ / shares	$ 12.78		$ 12.77
Weighted average remaining contractual life	9 years 8 months 12 days
Numbre of shares exercisable	0		0
Common Stock
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, percentage of shares repurchase	5.00%
Stock repurchase program, number of shares repurchase	13,866
Common Stock \| Maximum
Compensation And Benefit Plans Disclosure [Line Items]
Stock repurchase program, number of shares repurchase	923,151
Restricted Stock Units
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants	29,725		510,879
Compensation expense \| $	$ 300
Stock Options
Compensation And Benefit Plans Disclosure [Line Items]
Compensation expense \| $	$ 26
Weighted average period expected to be recognized	6 years 6 months
2018 Long-Term Incentive Plan
Compensation And Benefit Plans Disclosure [Line Items]
Equity incentive plans, maximum number of shares issuable	1,248,469
Common stock reserved for future issuance	1,248,469
Conversion of issuable stock options to issuable restricted stock ratio	3.0
Number of issuable stock options converted into restricted stock units	462,522
Number of restricted stock units converted from issuable stock options	154,174
Number of grants	674,645
Conversion of issuable stock options to issuable restricted stock	88,492
2018 Long-Term Incentive Plan \| Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage	20.00%
2018 Long-Term Incentive Plan \| Directors
Compensation And Benefit Plans Disclosure [Line Items]
Vesting percentage	20.00%
Vesting period	10 years
2018 Long-Term Incentive Plan \| Stock Options or Stock Appreciation Rights
Compensation And Benefit Plans Disclosure [Line Items]
Common stock reserved for future issuance	891,764
2018 Long-Term Incentive Plan \| Restricted Stock Units
Compensation And Benefit Plans Disclosure [Line Items]
Common stock reserved for future issuance	356,705
Shares available for future awards	0		0
2018 Long-Term Incentive Plan \| Restricted Stock Units \| Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants	322,254
2018 Long-Term Incentive Plan \| Restricted Stock Units \| Outside Directors
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants	148,625
2018 Long-Term Incentive Plan \| Restricted Stock Units \| Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of stock grants	40,000
2018 Long-Term Incentive Plan \| Incentive Options \| Executive Officers
Compensation And Benefit Plans Disclosure [Line Items]
Number of option grants	119,176
2018 Long-Term Incentive Plan \| Non-qualified Options \| Outside Directors
Compensation And Benefit Plans Disclosure [Line Items]
Number of option grants	44,590
2018 Long-Term Incentive Plan \| Stock Options
Compensation And Benefit Plans Disclosure [Line Items]
Shares available for future awards	265,476		265,476
Supplemental Executive Retirement Plan
Compensation And Benefit Plans Disclosure [Line Items]
Number of key executive under retirement plan \| Executive	1
Expenses recognized \| $	$ 17	$ 12
Employee Stock Ownership Plan
Compensation And Benefit Plans Disclosure [Line Items]
ESOP borrowed amount \| $	$ 7,238
Number of ESOP shares purchased	723,751
ESOP shares purchased expressed as percentage of common stock issued in stock offering	3.92%
Expected period of loan repaid	15 years
Loan receivable - ESOP \| $	$ 6,308		$ 6,308
Fair Value Measurements
Compensation And Benefit Plans Disclosure [Line Items]
Fair value of pension plan assets \| $	$ 14,334		$ 14,416

Compensation and Benefit Plans - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax [Abstract]
Service cost	$ 10	$ 10	$ 39
Interest cost	147	135	$ 542
Expected return on plan assets	(210)	(215)
Amortization of prior service cost	6	6
Amortization of loss	65	75
Net periodic benefit cost	$ 18	$ 11

Compensation and Benefit Plans - Weighted Average Assumptions Used to Determine Net Benefit Obligations (Detail)	Mar. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Weighted Average Assumptions Used In Calculating Benefit Obligation [Abstract]
Discount rate	4.25%	4.25%
Rate of compensation increase	0.00%	0.00%

Compensation and Benefit Plans - Weighted Average Assumptions Used to Determine Net Benefit Cost (Detail)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Weighted Average Assumptions Used In Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.25%	3.50%
Rate of compensation increase	0.00%	0.00%
Expected long-term rate of return on assets	6.00%	6.00%

Compensation and Benefit Plans - Employer Contributions and Benefit Payments (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]
Benefits paid	$ 171	$ 187	$ 692

Compensation and Benefit Plans - Expected Employee Benefit Payments (Detail) $ in Thousands	Mar. 31, 2019 USD ($)
Defined Benefit Plan Estimated Future Benefit Payments [Abstract]
2019	$ 714
2020	706
2021	700
2022	718
2023	700
Thereafter	3,569
Total expected employee benefit payments	$ 7,107

Compensation and Benefit Plans - Summary of ESOP Shares (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares committed-to-be released	12,063	48,250	12,063
Shares to be allocated to participants	96,500	48,250
Unallocated shares	615,188	627,251
Total	723,751	723,751
Fair value of unearned shares	$ 8,582	$ 7,991

Compensation and Benefit Plans - Schedule of Restricted Stock Awards Activity and Related Information (Detail) - Restricted Stock Units - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Non-vested, beginning of year	510,879
Number of Shares, Granted	29,725	510,879
Number of Shares, Forfeited	(29,725)
Number of Shares, Non-vested, ending of year	510,879	510,879
Weighted-Average Grant Date Fair Value Per Share, Non-vested, beginning of year	$ 12.77
Weighted-Average Grant Date Fair Value Per Share, Granted	12.93	$ 12.77
Weighted-Average Grant Date Fair Value Per Share, Forfeited	12.77
Weighted-Average Grant Date Fair Value Per Share, Non-vested, ending of year	$ 12.78	$ 12.77

Compensation and Benefit Plans - Schedule of Stock Option Awards Activity and Related Information (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, beginning of year	163,766
Options, Granted	8,918	163,766
Options, Forfeited	(8,918)
Options, Outstanding, end of year	163,766	163,766
Options, Exercisable, end of year	0	0
Weighted-Average Exercise Price Per Share, Outstanding, beginning of year	$ 12.77
Weighted-Average Exercise Price Per Share, Granted	12.93	$ 12.77
Weighted-Average Exercise Price Per Share, Forfeited	12.77
Weighted-Average Exercise Price Per Share, Outstanding, end of year	12.78	12.77
Weighted-Average Exercise Price Per Share, Exercisable, end of year	$ 12.78	$ 12.77

Compensation and Benefit Plans - Schedule of Fair Value of Option Grant Using Black-Scholes Option Pricing Model With Weighted Average Assumptions (Detail) - Stock Options	3 Months Ended
	Mar. 31, 2019 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield	0.00%
Expected life	6 years 6 months
Expected volatility	16.94%
Risk-free interest rate	2.51%
Weighted average grant date fair value	$ 4.01

Earnings Per Share - Schedule of Reconciliation of Number of Shares Used in Calculation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income for the period	$ 668	$ 941
Shares Outstanding for basic EPS:
Weighted average shares outstanding	18,462,412	18,463,028
Less: Weighted average unallocated Employee Stock Ownership Plan (ESOP) shares	627,117	675,367
Basic weighted shares outstanding	17,835,295	17,787,661
Basic earnings per share	$ 0.04	$ 0.05
Potential dilutive common shares:
Add: Dilutive effect of restricted stock awards and stock options	30,059
Diluted weighted average shares outstanding	17,865,354	17,787,661
Diluted earnings per share	$ 0.04	$ 0.05

Commitments, Contingencies and Credit Risk - Financial Instruments Whose Contractual Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 99,278	$ 104,528
Commitments to Grant Mortgage Loans
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	49,507	52,017
Unfunded Commitments Under Lines of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	42,012	44,752
Standby Letters of Credit
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Contractual amounts represent credit risk	$ 7,759	$ 7,759

Commitments, Contingencies and Credit Risk - Projected Minimum Rental Payments under Terms of Leases (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
Remainder of 2019	$ 981
2020	1,345
2021	1,382
2022	1,294
2023	1,279
2024	1,316
Thereafter	5,660
Projected minimum rental payments	$ 13,257

Fair Value - Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measurement Recurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 22,166	$ 27,144
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		4,995
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	22,166	22,149
U.S. Government and Federal Agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	20,673	20,515
U.S. Government and Federal Agencies \| Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	20,673	20,515
U S Treasury
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		4,995
U S Treasury \| Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis		4,995
FNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	687	759
FNMA Certificates \| Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	687	759
GNMA Certificates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	806	875
GNMA Certificates \| Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities measure at fair value on recurring basis	$ 806	$ 875

Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Impaired Loans - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 18,028	$ 17,225
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on nonrecurring basis	$ 18,028	$ 17,225

Fair Value - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 41,567	$ 69,778
Investment securities	22,166	27,144
Loans receivable, net	925,099	918,509
Accrued interest receivable	3,735	3,795
FHLB stock	2,915	2,915
Demand deposits	113,572	115,923
Interest-bearing deposits	292,065	269,749
Certificates of deposit	401,144	424,086
Advance payments by borrowers for taxes and insurance	8,099	6,037
Advances from FHLB	44,404	69,404
Accrued interest payable	75	63
Fair Value Measurements
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	41,567	69,778
Investment securities	22,166	27,144
Loans receivable, net	936,200	926,867
Accrued interest receivable	3,735	3,795
FHLB stock	2,915	2,915
Demand deposits	113,572	115,923
Interest-bearing deposits	292,065	269,749
Certificates of deposit	401,989	425,564
Advance payments by borrowers for taxes and insurance	8,099	6,037
Advances from FHLB	44,404	69,404
Accrued interest payable	75	63
Fair Value Measurements \| Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	41,567	69,778
Investment securities		4,995
FHLB stock	2,915	2,915
Demand deposits	113,572	115,923
Interest-bearing deposits	292,065	269,749
Advances from FHLB	44,404	69,404
Fair Value Measurements \| Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment securities	22,166	22,149
Accrued interest receivable	3,735	3,795
Certificates of deposit	401,989	425,564
Advance payments by borrowers for taxes and insurance	8,099	6,037
Accrued interest payable	75	63
Fair Value Measurements \| Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans receivable, net	$ 936,200	$ 926,867

Regulatory Capital Requirements - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2015	Mar. 31, 2019	Dec. 31, 2018
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital buffer			11.20%	11.40%
Minimum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer		0.00%
Maximum \| Scenario Forecast
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Percentage of capital conservation buffer	2.50%

Regulatory Capital Requirements - Summary of Actual Capital Amounts and Ratios As Compared to Regulatory Requirements (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
PDL Community Bancorp
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 187,773	$ 186,940
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	178,297	177,307
Common Equity Tier 1 Capital Ratio, Actual Amount	178,297	177,307
Tier 1 Capital to Total Assets, Actual Amount	$ 178,297	$ 177,307
Total Capital to Risk-Weighted Assets, Actual Ratio	24.12%	24.36%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	22.91%	23.11%
Common Equity Tier 1 Capital Ratio, Actual Ratio	22.91%	23.11%
Tier 1 Capital to Total Assets, Actual Ratio	17.22%	18.13%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 62,269	$ 61,385
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	46,702	46,038
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	35,026	34,529
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 41,428	$ 39,114
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 77,836	$ 76,731
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	62,269	61,385
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	50,594	49,875
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 51,785	$ 48,892
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Ponce Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Capital to Risk-Weighted Assets, Actual Amount	$ 150,050	$ 148,486
Tier 1 Capital to Risk-Weighted Assets, Actual Amount	140,302	138,872
Common Equity Tier 1 Capital Ratio, Actual Amount	140,302	138,872
Tier 1 Capital to Total Assets, Actual Amount	$ 140,302	$ 138,872
Total Capital to Risk-Weighted Assets, Actual Ratio	19.32%	19.39%
Tier 1 Capital to Risk-Weighted Assets, Actual Ratio	18.06%	18.14%
Common Equity Tier 1 Capital Ratio, Actual Ratio	18.06%	18.14%
Tier 1 Capital to Total Assets, Actual Ratio	13.56%	13.66%
Total Capital to Risk-Weighted Assets, For Capital Adequacy Amount	$ 62,144	$ 61,261
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Amount	46,608	45,946
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Amount	34,956	34,459
Tier 1 Capital to Total Assets, For Capital Adequacy Amount	$ 41,379	$ 40,652
Total Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	8.00%	8.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio	4.50%	4.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio	4.00%	4.00%
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 77,680	$ 76,577
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	62,144	61,261
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	50,492	49,775
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 51,724	$ 50,815
Total Capital to Risk-Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 Capital to Risk-Weighted Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 Capital Ratio, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital to Total Assets, For Capital Adequacy Ratio, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive loss, net of tax	$ 100	$ (284)
Unrealized gains (losses) on securities available for sale,net
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss beginning balance	(291)	(221)
Other comprehensive loss, net of tax	134	(70)
Accumulated other comprehensive loss ending balance	(157)	(291)
Unrealized (losses) on pension benefits
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss beginning balance	(7,844)	(7,630)
Other comprehensive loss, net of tax	(34)	(214)
Accumulated other comprehensive loss ending balance	(7,878)	(7,844)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss beginning balance	(8,135)	(7,851)
Accumulated other comprehensive loss ending balance	$ (8,035)	$ (8,135)

Aggregate Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Receivables [Abstract]
Beginning balance	$ 1,278	$ 1,351
Originations		11
Payments	(23)	(33)
Ending balance	$ 1,255	$ 1,329

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - shares	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Statement Of Stockholders Equity [Abstract]
Number of ESOP shares committed to be released	12,063	48,250	12,063

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
Overdrawn deposit reclassified to loans amounted	$ 113	$ 241

Transactions With Related Parties - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Deposits from officers and directors	$ 9,192	$ 6,943

Quarter Ended March 31, 2019

Dividend yield

Expected life

Expected volatility

Risk-free interest rate

Weighted average grant date fair value