First Financial Northwest (FFNW) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 03, 2016
Document and Entity Information
Entity Registrant Name	First Financial Northwest, Inc.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Entity Central Index Key	1,401,564
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		13,388,342
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

FIRST FINANCIAL NORTHWEST, INC.

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash on hand and in banks	$ 6,552	$ 5,713
Interest-earning deposits with banks	21,706	99,998
Investments available-for-sale, at fair value	135,133	129,565
Loans receivable, net of allowance of $9,471 and $9,463	717,483	685,072
Federal Home Loan Bank (FHLB) stock, at cost	4,831	6,137
Accrued interest receivable	3,114	2,968
Deferred tax assets, net	3,917	4,556
Other real estate owned (OREO)	3,405	3,663
Premises and equipment, net	18,166	17,707
Bank Owned Life Insurance	23,474	23,309
Prepaid expenses and other assets	1,462	1,225
Total assets	939,243	979,913
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	647,370	646,015
Interest-bearing deposits	21,186	29,392
Total deposits	668,556	675,407
Advances from the FHLB	91,500	125,500
Advance payments from borrowers for taxes and insurance	3,624	1,794
Accrued interest payable	106	135
Other liabilities	6,279	6,404
Total liabilities	$ 770,065	$ 809,240
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; authorized 10,000,000 shares; no shares issued or outstanding	$ 0	$ 0
Common stock, $0.01 par value; authorized 90,000,000 shares; issued and outstanding 13,510,400 shares at March 31, 2016, and 13,768,814 shares at December 31, 2015	135	138
Additional paid-in capital	132,564	136,338
Retained earnings, substantially restricted	43,954	42,892
Accumulated other comprehensive loss, net of tax	(140)	(1,077)
Unearned Employee Stock Ownership Plan (ESOP) shares	(7,335)	(7,618)
Total stockholders' equity	169,178	170,673
Total liabilities and stockholders' equity	$ 939,243	$ 979,913

FIRST FINANCIAL NORTHWEST, INC3

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Loans receivable allowance for loan losses	$ 9,471	$ 9,463
Stockholders' Equity
Preferred stock par value per share (in usd per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	10,000,000	10,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value per share (in usd per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	90,000,000	90,000,000
Common stock shares issued (in shares)	13,510,400	13,768,814
Common stock shares outstanding (in shares)	13,510,400	13,768,814

FIRST FINANCIAL NORTHWEST, INC4

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income
Loans, including fees	$ 8,727	$ 8,576
Investments available-for-sale	675	512
Interest-earning deposits	113	64
Dividends on FHLB stock	47	2
Total interest income	9,562	9,154
Interest expense
Deposits	1,483	1,314
FHLB advances	298	318
Total interest expense	1,781	1,632
Net interest income	7,781	7,522
(Recapture of provision) provision for loan losses	(100)	(100)
Net interest income after recapture of provision for loan losses	7,881	7,622
Noninterest income
Bank Owned Life Insurance Income	165	20
Other	315	71
Total noninterest income	480	91
Noninterest expense
Salaries and employee benefits	3,774	3,414
Occupancy and equipment	508	338
Professional fees	468	354
Data processing	190	160
Gain on sale of OREO property, net	(1)	(529)
OREO market value adjustments	258	50
OREO related reimbursements, net	(20)	(48)
Regulatory assessments	120	116
Insurance and bond premiums	88	92
Marketing	36	33
Other general and administrative	352	310
Total noninterest expense	5,773	4,290
Income before federal income tax provision	2,588	3,423
Federal income tax provision	763	1,194
Net income	$ 1,825	$ 2,229
Basic earnings per share (in dollars per share)	$ 0.14	$ 0.16
Diluted earnings per share (in dollars per share)	$ 0.14	$ 0.16
Weighted average number of common shares outstanding (in shares)	12,744,694	14,036,959
Weighted average number of diluted shares outstanding (in shares)	12,905,527	14,199,715

FIRST FINANCIAL NORTHWEST, INC5

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 1,825	$ 2,229
Other comprehensive income, before tax:
Unrealized holding gains on investments available-for-sale (net of tax provision of $506 and $169 for the first quarter of 2016 and 2015, respectively)	937	312
Other comprehensive income, net of tax	937	312
Total comprehensive income	$ 2,762	$ 2,541

FIRST FINANCIAL NORTHWEST, INC6

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Reclassification, tax benefit	$ 0	$ 0
Available for sale securities tax (benefit) provision	$ 506,000	$ 169,000

FIRST FINANCIAL NORTHWEST, INC7

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net of tax	Unearned ESOP Shares	Total Stockholders' Equity
Balances at beginning of period (in shares) at Dec. 31, 2014	15,167,381
Balances at beginning of period at Dec. 31, 2014		$ 151	$ 153,395	$ 36,969	$ (357)	$ (8,746)	$ 181,412
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income	$ 2,541	0	0	2,229	312	0	2,541
Cash dividend declared and paid		0	0	(843)	0	0	(843)
Exercise of stock options (in shares)	50,000
Exercise of stock options		1	488	0	0	0	489
Repurchase and retirement of common stock (in shares)	(268,300)
Repurchase and retirement of common stock		(2)	(3,227)	0	0	0	(3,229)
Compensation related to stock options and restricted stock awards	$ 109	0	109	0	0	0	109
Allocation of 28,213 ESOP shares		0	61	0	0	282	343
Balances at end of period (in shares) at Mar. 31, 2015	14,949,081
Balances at end of period at Mar. 31, 2015		150	150,826	38,355	(45)	(8,464)	180,822
Balances at beginning of period (in shares) at Dec. 31, 2015	13,768,814
Balances at beginning of period at Dec. 31, 2015	$ 170,673	138	136,338	42,892	(1,077)	(7,618)	170,673
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income	$ 2,762	0	0	1,825	937	0	2,762
Cash dividend declared and paid		0	0	(763)	0	0	(763)
Exercise of stock options (in shares)	55,673
Exercise of stock options		0	1,348	0	0	0	1,348
Repurchase and retirement of common stock (in shares)	(314,087)
Repurchase and retirement of common stock		(3)	(5,310)	0	0	0	(5,313)
Compensation related to stock options and restricted stock awards	$ 93	0	93	0	0	0	93
Allocation of 28,213 ESOP shares		0	95	0	0	283	378
Balances at end of period (in shares) at Mar. 31, 2016	13,510,400
Balances at end of period at Mar. 31, 2016	$ 169,178	$ 135	$ 132,564	$ 43,954	$ (140)	$ (7,335)	$ 169,178

FIRST FINANCIAL NORTHWEST, INC8

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMETNS OF STOCKHOLDERS' EQUITY (PARENTHETICALS) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.06	$ 0.06
Allocated shares	28,213	28,213

FIRST FINANCIAL NORTHWEST, INC9

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 1,825	$ 2,229
Adjustments to reconcile net income to net cash provided by operating activities:
Recapture of provision for loan losses	(100)	(100)
OREO market value adjustments	258	50
Gain on sale of OREO property, net	(1)	(529)
Depreciation of premises and equipment	251	182
Amortization of premiums and discounts on investments available-for-sale, net	250	299
Deferred federal income taxes	133	1,120
Allocation of ESOP shares	378	343
Stock compensation expense	93	109
Change in cash surrender value of BOLI	(165)	(20)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(237)	(4,360)
Net increase in advance payments from borrowers for taxes and insurance	1,830	1,368
Accrued interest receivable	(146)	159
Accrued interest payable	(29)	9
Other liabilities	(125)	343
Net cash provided by operating activities	4,215	1,202
Cash flows from investing activities:
Proceeds from sales of OREO properties	1	4,328
Proceeds from Sale and Maturity of Available-for-sale Securities	45	50
Principal repayments on investments available-for-sale	3,864	4,292
Purchases of investments available-for-sale	(8,285)	(1,897)
Net increase in loans receivable	(32,311)	(4,817)
FHLB stock redemption	1,306	73
Purchases of premises and equipment	(709)	(289)
Proceeds from Sale of Property, Plant, and Equipment	0	0
Net cash (used) provided by investing activities	(36,089)	1,740
Cash flows from financing activities:
Net increase (decrease) in deposits	(6,851)	16,877
Repayments of Federal Home Loan Bank Borrowings	(34,000)	0
Proceeds from stock options exercises	1,348	489
Repurchase and retirement of common stock	(5,313)	(3,229)
Dividends paid	(763)	(843)
Net cash (used) provided by financing activities	(45,579)	13,294
Cash and cash equivalents:
Net (decrease) increase in cash and cash equivalents	(77,453)	16,236
Cash and cash equivalents at beginning of quarter	105,711	104,050
Cash and cash equivalents at end of quarter	28,258	120,286
Cash paid during the period for:
Interest paid	1,810	1,623
Federal income taxes paid	500	76
Noncash transactions:
Loans transferred to OREO, net of deferred loan fees and allowance for loan losses	0	141
Change in unrealized loss on investments available for sale	$ 1,443	$ 481

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Description of Business	Description of Business First Financial Northwest, Inc. (“First Financial Northwest”), a Washington corporation, was formed on June 1, 2007 for the purpose of becoming the holding company for First Financial Northwest Bank (“the Bank”) in connection with the conversion from a mutual holding company structure to a stock holding company structure completed on October 9, 2007. First Financial Northwest's business activities generally are limited to passive investment activities and oversight of its investment in First Financial Northwest Bank. Accordingly, the information presented in the consolidated financial statements and accompanying data, relates primarily to First Financial Northwest Bank. First Financial Northwest is a bank holding company, having converted from a savings and loan holding company on March 31, 2015, and as a bank holding company is subject to regulation by the Federal Reserve Bank of San Francisco. First Financial Northwest Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Washington State Department of Financial Institutions (“DFI”). First Financial Northwest Bank is headquartered in Renton, Washington, where its main, full service retail branch is located. In addition, the Bank opened branches located in Mill Creek, Washington on September 1, 2015 and Edmonds, Washington on March 21, 2016. Regulatory approval has been received to open an additional branch at The Landing in Renton, Washington, which is expected to open in the second quarter of 2016. The Bank's primary market area consists of King, Snohomish, Pierce and Kitsap counties, Washington. The Bank is a portfolio lender, originating one-to-four family residential, multifamily, commercial real estate, construction/land development, business, and consumer loans. Loans are primarily funded by deposits from the general public, supplemented by borrowings from the Federal Home Loan Bank of Des Moines ("FHLB") and deposits raised in the national brokered deposit market. As used throughout this report, the terms "we," "our," "us," or the "Company" refer to First Financial Northwest, Inc. and its consolidated subsidiary First Financial Northwest Bank, unless the context otherwise requires.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles (“GAAP”) for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC. In our opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP have been included. All significant intercompany balances and transactions between the Company and its subsidiaries have been eliminated in consolidation. Operating results for the three months ended March 31, 2016 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan and lease losses ("ALLL"), the valuation of other real estate owned ("OREO") and the underlying collateral of impaired loans, deferred tax assets, and the fair value of financial instruments. The Company's activities are considered to be a single industry segment for financial reporting purposes. The Company is engaged in the business of attracting deposits from the general public and originating loans for its portfolio in its primary market area. Substantially all income is derived from a diverse base of commercial, multifamily, and residential real estate loans, consumer lending activities, and investments. Certain amounts in the unaudited interim consolidated financial statements for prior periods have been reclassified to conform to the current unaudited financial statement presentation with no effect on consolidated net income or stockholders' equity.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments--Overall, Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income. The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in instrument-specific credit risk. In addition, the ASU eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. The ASU also clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. The amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for fiscal years or interim periods that have not yet been issued if adopted at the beginning of the fiscal year. The adoption of ASU 2016-01 is not expected to have a material impact on the Company's consolidated financial statements. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 requires lessees to recognize on the balance sheet the assets and liabilities arising from operating leases. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendments in the ASU is permitted. The adoption of ASU 2016-02 is not expected to have a material impact on the Company's consolidated financial statements. In March 2016, FASB issued ASU No. 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The term novation refers to replacing one counterparty to a derivative instrument with another counterparty. The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has previously been designated as the hedging instrument does not require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. The amendments in ASU 2016-05 are effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. An entity has an option to apply the amendments in this ASU on either a prospective basis or a modified retrospective basis. The Company expects to adopt ASU 2016-05 on a prospective basis and the adoption of ASU 2016-05 is not expected to have a material impact on the Company's consolidated financial statements. In March 2016, FASB issued ASU No. 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments. Topic 815 requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including the “clearly and closely related” criterion. The amendments in this ASU clarify the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. An entity performing the assessment under the amendments is required to assess the embedded call (put) options solely in accordance with the four-step decision sequence. The amendments in this ASU apply to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. This ASU applies to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. The ASU is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Adoption of ASU 2016-06 is not expected to have a material impact on the Company's consolidated financial statements. In March 2016, FASB issued ASU No. 2016-09, Compensation--Stock Compensation (Topic 718). This ASU was issued as part of the FASB's Simplification Initiative and addresses accounting for share-based payment transactions, including income tax consequences and classification on the statement of cash flows. Under this ASU, all excess tax benefits and deficiencies should be recognized as income tax expense or benefit in the income statement. The tax effect of vested or exercised awards should be reported separately in the period in which they occur. In the statement of cash flows, excess tax benefits should be classified with other income tax cash flows as an operating activity. Entities have the option of accounting for forfeitures when they occur or to estimate the number of awards that are expected to vest. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. First Financial Northwest has adopted ASU 2016-09 with no material impact on the Company's consolidated financial statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Investments	Investments Investments available-for-sale are summarized as follows at the dates indicated: March 31, 2016 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 50,019 $ 778 $ (30 ) $ 50,767 Freddie Mac 25,065 530 (1 ) 25,594 Ginnie Mae 13,097 95 (84 ) 13,108 Municipal bonds 13,242 446 — 13,688 U.S. Government agencies 13,132 153 (23 ) 13,262 Corporate bonds 19,009 34 (329 ) 18,714 Total $ 133,564 $ 2,036 $ (467 ) $ 135,133 December 31, 2015 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 50,288 $ 260 $ (227 ) $ 50,321 Freddie Mac 26,011 243 (117 ) 26,137 Ginnie Mae 13,802 44 (114 ) 13,732 Municipal bonds 11,787 277 — 12,064 U.S. Government agencies 13,541 89 (88 ) 13,542 Corporate bonds 14,010 4 (245 ) 13,769 Total $ 129,439 $ 917 $ (791 ) $ 129,565 The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated. At both March 31, 2016 and December 31, 2015, we had no municipal bonds in an unrealized loss position. March 31, 2016 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (In thousands) Mortgage-backed investments: Fannie Mae $ 5,964 $ (30 ) $ — $ — $ 5,964 $ (30 ) Freddie Mac 1,603 (1 ) — — 1,603 (1 ) Ginnie Mae 1,011 (4 ) 3,056 (80 ) 4,067 (84 ) U.S. Government agencies 2,234 (23 ) — — 2,234 (23 ) Corporate bonds 10,678 (329 ) — — 10,678 (329 ) Total $ 21,490 $ (387 ) $ 3,056 $ (80 ) $ 24,546 $ (467 ) December 31, 2015 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (In thousands) Mortgage-backed investments: Fannie Mae $ 37,593 $ (227 ) $ — $ — $ 37,593 $ (227 ) Freddie Mac 12,115 (117 ) — — 12,115 (117 ) Ginnie Mae 5,508 (29 ) 3,233 (85 ) 8,741 (114 ) U.S. Government agencies 9,605 (88 ) — — 9,605 (88 ) Corporate bonds 10,263 (245 ) — — 10,263 (245 ) Total $ 75,084 $ (706 ) $ 3,233 $ (85 ) $ 78,317 $ (791 ) On a quarterly basis, management makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment, recent events specific to the issuer or industry, and for debt securities, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be an other-than-temporary impairment ("OTTI") are written down to fair value. If the Company intends to sell a debt security, or it is likely that the Company will be required to sell the debt security before recovering its cost basis, the entire impairment loss would be recognized in earnings as an OTTI. If the Company does not intend to sell the debt security and it is not likely that it will be required to sell the debt security but does not expect to recover the entire amortized cost basis of the debt security, only the portion of the impairment loss representing credit losses would be recognized in earnings. The credit loss on a debt security is measured as the difference between the amortized cost basis and the present value of the cash flows expected to be collected. Projected cash flows are discounted by the original or current effective interest rate depending on the nature of the debt security being measured for potential OTTI. The remaining impairment related to all other factors, the difference between the present value of the cash flows expected to be collected and fair value, is recognized as a charge to other comprehensive income (“OCI”). Impairment losses related to all other factors are presented as separate categories within OCI. At March 31, 2016 , the Company had 17 securities in an unrealized loss position, of which three have been in an unrealized loss position for 12 months or more. Management reviewed the financial condition of the entities issuing municipal or corporate bonds at March 31, 2016 and December 31, 2015 , and determined that an OTTI charge was not warranted. The amortized cost and estimated fair value of investments available-for-sale at March 31, 2016 , by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately. March 31, 2016 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 9,791 9,814 Due after five years through ten years 21,059 20,981 Due after ten years 14,533 14,869 45,383 45,664 Mortgage-backed investments 88,181 89,469 Total $ 133,564 $ 135,133 Under Washington state law, in order to participate in the public funds program the Company is required to pledge eligible securities as collateral in an amount equal to 100% of the public deposits held. Investment securities with market values of $16.9 million and $17.4 million were pledged as collateral for public deposits at March 31, 2016 and December 31, 2015 , respectively, both of which exceeded the collateral requirements established by the Washington Public Deposit Protection Commission. For the three months ended March 31, 2016, and March 31, 2015, we had calls on investment securities of $45,000 , and $50,000 , respectively, with no gains or losses. There were no sales of investment securities during the first quarter of 2016 or 2015. During the three months ended March 31, 2016, we purchased $8.3 million of investment securities, consisting of a $5.0 million variable rate corporate bond, $1.5 million of fixed rate municipal bonds, and a $1.8 million fixed rate mortgage backed security. During the three months ended March 31, 2015, we purchased fixed rate investment securities of $1.9 million consisting of a $1.6 million mortgage-backed security and a $280,000 municipal bond.

Loans Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans Receivable	Loans Receivable Loans receivable are summarized as follows at the dates indicated: March 31, 2016 December 31, 2015 (In thousands) One-to-four family residential: Permanent owner occupied $ 147,912 $ 147,229 Permanent non-owner occupied 108,905 106,543 256,817 253,772 Multifamily: Permanent 129,553 122,747 Construction (1) 21,115 21,115 150,668 143,862 Commercial real estate: Permanent 258,946 244,211 Land (2) 14,700 8,290 273,646 252,501 Construction/land development: One-to-four family residential (1) 50,770 52,233 Multifamily (1) 35,436 25,551 Land development (2) 7,513 8,768 93,719 86,552 Business 6,548 7,604 Consumer 5,972 6,979 Total loans 787,370 751,270 Less: Loans in process ("LIP") 58,172 53,854 Deferred loan fees, net 2,244 2,881 Allowance for loan and lease losses ("ALLL") 9,471 9,463 Loans receivable, net $ 717,483 $ 685,072 ___________ (1) Construction/land development excludes construction loans that will convert to permanent loans. The Company considers these loans to be "rollovers" in that one loan is originated for both the construction loan and permanent financing. These loans are classified according to the underlying collateral. At March 31, 2016 the Company had $21.1 million or 14.0% of its total multifamily portfolio in these rollover loans, as compared to $21.1 million or 14.7% at December 31, 2015. At March 31, 2016, and December 31, 2015, none of the Company's commercial real estate portfolio or one-to-four family residential portfolio included these rollover loans. (2) At March 31, 2016 , and December 31, 2015 , $14.7 million and $8.3 million , respectively, of commercial real estate loans were not included in the construction/land development category because the Company classifies raw land or buildable lots (where we do not intend to finance the construction) as commercial real estate land loans. ALLL . The Company maintains an ALLL as a reserve against probable and inherent risk of losses in its loan portfolios. The ALLL is comprised of a general reserve component for loans evaluated collectively for loss and a specific reserve component for loans evaluated individually. We continually monitor our loan portfolio for delinquent loans and changes in our borrower's financial condition. When an issue is identified and it is determined that the loan needs to be classified as nonperforming and/or impaired, an evaluation of the collateral is performed and, if necessary, an appraisal is ordered in accordance with our appraisal policy guidelines. Based on this evaluation, any additional provision for loan loss or charge-offs is recorded prior to the end of the financial reporting period. The following tables summarize changes in the ALLL and loan portfolio by loan type and impairment method at the dates and for the periods shown: At or For the Three Months Ended March 31, 2016 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,028 $ 1,298 $ 3,542 $ 941 $ 229 $ 425 $ 9,463 Charge-offs — — — — — (19 ) (19 ) Recoveries 22 — 104 — — 1 127 Provision (recapture) (210 ) 75 73 40 (32 ) (46 ) (100 ) Ending balance $ 2,840 $ 1,373 $ 3,719 $ 981 $ 197 $ 361 $ 9,471 ALLL by category: General reserve $ 2,389 $ 1,373 $ 3,549 $ 981 $ 197 $ 323 $ 8,812 Specific reserve 451 — 170 — — 38 659 Loans: (1) Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 Loans with general (2) 223,549 139,648 268,682 44,980 6,548 5,785 689,192 Loans with specific (3) 33,268 1,587 4,964 — — 187 40,006 ____________ (1) Net of LIP. (2) Loans collectively evaluated for general reserves. (3) Loans individually evaluated for specific reserves. At or For the Three Months Ended March 31, 2015 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,694 $ 1,646 $ 4,597 $ 355 $ 47 $ 152 $ 10,491 Charge-offs (25 ) (281 ) — — — (34 ) (340 ) Recoveries 173 — — — 3 281 457 Provision (recapture) (154 ) (342 ) 38 386 4 (32 ) (100 ) Ending balance $ 3,688 $ 1,023 $ 4,635 $ 741 $ 54 $ 367 $ 10,508 ALLL by category: General reserve $ 3,027 $ 1,002 $ 4,242 $ 741 $ 54 $ 323 $ 9,389 Specific reserve 661 21 393 — — 44 1,119 Loans: (1) Total loans 265,822 121,715 249,398 32,868 5,313 6,716 681,832 Loans with general (2) 224,385 117,869 240,732 32,868 5,313 6,520 627,687 Loans with specific (3) 41,437 3,846 8,666 — — 196 54,145 _____________ (1) Net of LIP. (2) Loans collectively evaluated for general reserves. (3) Loans individually evaluated for specific reserves. Past Due Loans. Loans are considered past due if a scheduled principal or interest payment is due and unpaid for 30 days or more. At March 31, 2016 , total past due loans comprised 0.19% of total loans receivable, net of LIP, as compared to 0.18% at December 31, 2015 . The following tables represent a summary of the aging of loans by type at the dates indicated: Loans Past Due as of March 31, 2016 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (2) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 481 $ 331 $ 475 $ 1,287 $ 146,625 $ 147,912 Non-owner occupied — — — — 108,905 108,905 Multifamily — — — — 141,235 141,235 Commercial real estate — — — — 273,646 273,646 Construction/land development — — — — 44,980 44,980 Total real estate 481 331 475 1,287 715,391 716,678 Business — — — — 6,548 6,548 Consumer 53 69 — 122 5,850 5,972 Total loans $ 534 $ 400 $ 475 $ 1,409 $ 727,789 $ 729,198 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at March 31, 2016 . (2) Net of LIP. Loans Past Due as of December 31, 2015 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (2) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 678 $ 483 $ — $ 1,161 $ 146,068 $ 147,229 Non-owner occupied — — — — 106,543 106,543 Multifamily — — — — 133,388 133,388 Commercial real estate — — — — 252,501 252,501 Construction/land development — — — — 43,172 43,172 Total real estate 678 483 — 1,161 681,672 682,833 Business — — — — 7,604 7,604 Consumer — 78 19 97 6,882 6,979 Total loans $ 678 $ 561 $ 19 $ 1,258 $ 696,158 $ 697,416 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2015 . (2) Net of LIP. Nonaccrual Loans. Loans are placed on nonaccrual when they are 90 days delinquent or when, in management's opinion, the borrower is unable to meet scheduled payment obligations. In order to return a nonaccrual loan to accrual status, the Company evaluates the borrower's financial condition to ensure that future loan payments are reasonably assured. The Company also takes into consideration the borrower's willingness and ability to make the loan payments, as well as historical repayment performance. The Company requires the borrower to make loan payments consistently for a period of at least six months as agreed to under the terms of the loan agreement before the Company will consider reclassifying the loan to accrual status. The following table is a summary of nonaccrual loans by loan type at the dates indicated: March 31, 2016 December 31, 2015 (In thousands) One-to-four family residential $ 985 $ 996 Consumer 69 89 Total nonaccrual loans $ 1,054 $ 1,085 During the three months ended March 31, 2016, interest income that would have been recognized had these nonaccrual loans been performing in accordance with their original terms was $14,000 . For the three months ended March 31, 2015, foregone interest on nonaccrual loans was $26,000 . The following tables summarize the loan portfolio by type and payment status at the dates indicated: March 31, 2016 One-to-Four Multifamily Commercial Construction / Business Consumer Total (1) (In thousands) Performing (2) $ 255,832 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,903 $ 728,144 Nonperforming (3) 985 — — — — 69 1,054 Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 _____________ (1) Net of LIP. (2) There were $146.9 million of owner-occupied one-to-four family residential loans and $108.9 million of non-owner occupied one-to-four family residential loans classified as performing. (3) There were $985,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming. December 31, 2015 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (1) (In thousands) Performing (2) $ 252,776 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,890 $ 696,331 Nonperforming (3) 996 — — — — 89 1,085 Total loans $ 253,772 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,979 $ 697,416 _____________ (1) Net of LIP. (2) There were $146.2 million of owner-occupied one-to-four family residential loans and $106.5 million of non-owner occupied one-to-four family residential loans classified as performing. (3) There were $996,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming. Impaired Loans. A loan is considered impaired when we have determined that we may be unable to collect payments of principal or interest when due under the terms of the original loan document. When identifying loans as impaired, management takes into consideration factors which include payment history and status, collateral value, financial condition of the borrower, and the probability of collecting scheduled payments in the future. Minor payment delays and insignificant payment shortfalls typically do not result in a loan being classified as impaired. The significance of payment delays and shortfalls is considered by management on a case-by-case basis after taking into consideration the circumstances surrounding the loan and the borrower, including payment history and the amounts of any payment shortfall, length and reason for delay and the likelihood of a return to stable performance. Impairment is measured on a loan-by-loan basis for all loans in the portfolio. We obtain annual updated appraisals for impaired collateral dependent loans that exceed $1.0 million. There were no funds committed to be advanced in connection with impaired loans at either March 31, 2016 , or December 31, 2015 . The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: March 31, 2016 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 2,575 $ 2,856 $ — Non-owner occupied 22,930 22,948 — Multifamily 1,587 1,587 — Commercial real estate 2,257 2,335 — Consumer 112 164 — Total 29,461 29,890 — Loans with an allowance: One-to-four family residential: Owner occupied 2,111 2,181 76 Non-owner occupied 5,652 5,704 375 Commercial real estate 2,707 2,707 170 Consumer 75 75 38 Total 10,545 10,667 659 Total impaired loans: One-to-four family residential: Owner occupied 4,686 5,037 76 Non-owner occupied 28,582 28,652 375 Multifamily 1,587 1,587 — Commercial real estate 4,964 5,042 170 Consumer 187 239 38 Total $ 40,006 $ 40,557 $ 659 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2015 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 3,169 $ 3,441 $ — Non-owner occupied 23,285 23,310 — Multifamily 415 414 — Commercial real estate 2,675 2,857 — Consumer 132 183 — Total 29,676 30,205 — Loans with an allowance: One-to-four family residential: Owner occupied 2,120 2,189 85 Non-owner occupied 7,521 7,573 427 Multifamily 1,180 1,180 3 Commercial real estate 2,716 2,717 178 Consumer 76 76 39 Total 13,613 13,735 732 Total impaired loans: One-to-four family residential: Owner occupied 5,289 5,630 85 Non-owner occupied 30,806 30,883 427 Multifamily 1,595 1,594 3 Commercial real estate 5,391 5,574 178 Consumer 208 259 39 Total $ 43,289 $ 43,940 $ 732 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 2,872 $ 60 $ 3,315 $ 47 Non-owner occupied 23,108 321 28,527 430 Multifamily 1,001 27 842 — Commercial real estate 2,466 39 4,543 70 Consumer 122 2 118 1 Total 29,569 449 37,345 548 Loans with an allowance: One-to-four family residential: Owner occupied 2,116 29 2,349 30 Non-owner occupied 6,587 78 8,397 119 Multifamily 590 — 2,167 33 Commercial real estate 2,712 40 4,566 58 Consumer 76 1 79 1 Total 12,081 148 17,558 241 Total impaired loans: One-to-four family residential: Owner occupied 4,988 89 5,664 77 Non-owner occupied 29,695 399 36,924 549 Multifamily 1,591 27 3,009 33 Commercial real estate 5,178 79 9,109 128 Consumer 198 3 197 2 Total $ 41,650 $ 597 $ 54,903 $ 789 Troubled Debt Restructurings. Certain loan modifications are accounted for as troubled debt restructured loans ("TDRs"). In general, the modification or restructuring of a debt is considered a TDR if, for economic or legal reasons related to the borrower's financial difficulties, a concession is granted to the borrower that the Company would not otherwise consider. Once the loan is restructured, a current, well-documented credit evaluation of the borrower's financial condition and prospects for repayment are performed to assess the likelihood that all principal and interest payments required under the terms of the modified agreement will be collected in full. A loan that is classified as a TDR is generally reported as a TDR until the loan is paid in full or otherwise settled, sold, or charged-off. The accrual status of a loan may change after it has been classified as a TDR. Management considers the following in determining the accrual status of restructured loans: (1) if the loan was on accrual status prior to the restructuring, the borrower has demonstrated performance under the previous terms, and a credit evaluation shows the borrower's capacity to continue to perform under the restructured terms (both principal and interest payments), the loan will remain on accrual at the time of the restructuring; (2) if the loan was on nonaccrual status before the restructuring, and the Company's credit evaluation shows the borrower's capacity to meet the restructured terms, the loan would remain as nonaccrual for a minimum of six months after restructuring until the borrower has demonstrated a reasonable period of sustained repayment performance, thereby providing reasonable assurance as to the ultimate collection of principal and interest in full under the modified terms. At March 31, 2016 and December 31, 2015 , the TDR portfolio totaled $39.0 million and $42.3 million , respectively, of which one loan of $131,000 was not performing in accordance with the terms of its restructure and was on nonaccrual status. The following table presents loans that were modified as TDRs within the periods indicated, and their recorded investment both prior to and after the modification: Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Number of Loans Pre-Modification Outstanding Post-Modification Outstanding Number of Loans Pre-Modification Outstanding Post-Modification Outstanding (Dollars in thousands) One-to-four family Principal and interest with interest rate concession 1 $ 558 $ 558 — $ — $ — Advancement of maturity date — — — 2 248 248 Commercial real estate: Interest-only payments with interest rate concession and advancement of maturity date 1 495 495 — — — Advancement of maturity date — — — 1 454 454 Interest-only payments with advancement of maturity date — — — 1 2,004 2,004 Total 2 $ 1,053 $ 1,053 4 $ 2,706 $ 2,706 At March 31, 2016 , the Company had no commitments to extend additional credit to borrowers whose loan terms have been modified in TDRs. All TDRs are also classified as impaired loans and are included in the loans individually evaluated for impairment in the calculation of the ALLL. The TDRs that occurred during the three months ended March 31, 2016 and 2015 , were the result of granting the borrower interest rate concessions and/or interest-only payments and advancing the maturity date for a period of time ranging from one to three years. The impaired portion of the loan with an interest rate concession and/or interest-only payments for a specific period of time are calculated based on the present value of expected future cash flows discounted at the loan’s effective interest rate. The effective interest rate is the rate of return implicit on the original loan. This impaired amount increases the ALLL and is expensed to earnings. As loan payments are received in future periods, the impairment is amortized over the life of the concession, reducing ALLL and recapturing provision expense. No loans accounted for as a TDR were charged-off to the ALLL for the three months ended March 31, 2016 and 2015 . TDRs that default after they have been modified are typically evaluated individually on a collateral basis. Any additional impairment is charged to the ALLL. For the three months ended March 31, 2016 and 2015, one commercial loan of $495,000 that had been modified with an interest rate concession and advancement of maturity date within the previous 12 months missed one payment, but was current as of March 31, 2016. Credit Quality Indicators . The Company utilizes a nine-category risk rating system and assigns a risk rating for all credit exposures. The risk rating system is designed to define the basic characteristics and identify risk elements of each credit extension. Credits risk rated 1 through 5 are considered to be “pass” credits. Pass credits include assets, such as cash secured loans with funds on deposit with the Bank, where there is virtually no credit risk. Pass credits also include credits that are on the Company's watch list, where the borrower exhibits potential weaknesses, which may, if not checked or corrected, negatively affect the borrower’s financial capacity and threaten their ability to fulfill debt obligations in the future. Credits classified as special mention are risk rated 6 and possess weaknesses that deserve management’s close attention. Special mention assets do not expose the Company to sufficient risk to warrant adverse classification in the substandard, doubtful or loss categories. Substandard credits are risk rated 7 . An asset is considered substandard if it is inadequately protected by the current net worth and payment capacity of the borrower or of any collateral pledged. Substandard assets include those characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Assets classified as doubtful are risk rated 8 and have all the weaknesses inherent in those credits classified as substandard with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values. Assets classified as loss are risk rated 9 and are considered uncollectible and cannot be justified as a viable asset for the Company. There were no loans classified as doubtful or loss at March 31, 2016 and December 31, 2015 . The following tables represent a summary of loans by type and risk category at the dates indicated: March 31, 2016 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (1) (In thousands) Risk Rating: Pass $ 250,241 $ 141,235 $ 269,359 $ 44,980 $ 6,548 $ 5,715 $ 718,078 Special mention 3,903 — 3,791 — — 188 7,882 Substandard 2,673 — 496 — — 69 3,238 Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 _____________ (1) Net of LIP. December 31, 2015 One-to-Four Family Residential Multifamily Commercial Real Estate Construction / Land Development Business Consumer Total (1) (In thousands) Risk Rating: Pass $ 247,239 $ 133,388 $ 248,196 $ 43,172 $ 7,604 $ 6,702 $ 686,301 Special mention 3,840 — 3,809 — — 188 7,837 Substandard 2,693 — 496 — — 89 3,278 Total loans $ 253,772 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,979 $ 697,416 _____________ (1) Net of LIP.

Other Real Estate Owned

Other Real Estate Owned	3 Months Ended
	Mar. 31, 2016
Other Real Estate [Abstract]
Other Real Estate Owned	Other Real Estate Owned OREO includes properties acquired by the Company through foreclosure and deed in lieu of foreclosure. The following table is a summary of OREO activity during the periods shown: Three Months Ended March 31, 2016 2015 (In thousands) Balance at beginning of period $ 3,663 $ 9,283 Loans transferred to OREO — 141 Gross proceeds from sale of OREO (1 ) (4,328 ) Gain on sale of OREO 1 529 Market value adjustments (258 ) (50 ) Balance at end of period $ 3,405 $ 5,575 There were no sales of OREO property during the first quarter of 2016 . However, there was a $1,000 refund of selling costs for an OREO property sold in a previous quarter. Market valuation adjustments were made on two properties based on appraisals or other market data. A contract was entered in to sell one commercial real estate property that supported a write down of $248,000. OREO at March 31, 2016 consisted of $3.2 million in commercial real estate properties and $164,000 in construction and land development projects.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company determines the fair values of its financial instruments based on the fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair values. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect its estimate for market assumptions. Valuation inputs refer to the assumptions market participants would use in pricing a given asset or liability using one of the three valuation techniques. Inputs can be observable or unobservable. Observable inputs are those assumptions that market participants would use in pricing the particular asset or liability. These inputs are based on market data and are obtained from an independent source. Unobservable inputs are assumptions based on the Company's own information or estimate of assumptions used by market participants in pricing the asset or liability. Unobservable inputs are based on the best and most current information available on the measurement date. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable. • Level 3 - Instruments whose significant value drivers are unobservable. The tables below present the balances of assets measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at the dates indicated: Fair Value Measurements at March 31, 2016 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 50,767 $ — $ 50,767 $ — Freddie Mac 25,594 — 25,594 — Ginnie Mae 13,108 — 13,108 — Municipal bonds 13,688 — 13,688 — U.S. Government agencies 13,262 — 13,262 — Corporate bonds 18,714 — 18,714 — Total $ 135,133 $ — $ 135,133 $ — Fair Value Measurements at December 31, 2015 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 50,321 $ — $ 50,321 $ — Freddie Mac 26,137 — 26,137 — Ginnie Mae 13,732 — 13,732 — Municipal bonds 12,064 — 12,064 — U.S. Government agencies 13,542 — 13,542 — Corporate bonds 13,769 — 13,769 — Total $ 129,565 $ — $ 129,565 $ — The estimated fair value of Level 2 investments is based on quoted prices for similar investments in active markets, identical or similar investments in markets that are not active and model-derived valuations whose inputs are observable. The tables below present the balances of assets measured at fair value on a nonrecurring basis at March 31, 2016 and December 31, 2015 . Fair Value Measurements at March 31, 2016 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans (1) $ 39,347 $ — $ — $ 39,347 OREO 3,405 — — 3,405 Total $ 42,752 $ — $ — $ 42,752 _____________ (1) Total fair value of impaired loans is net of $659,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2015 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans (1) $ 42,557 $ — $ — $ 42,557 OREO 3,663 — — 3,663 Total $ 46,220 $ — $ — $ 46,220 _____________ (1) Total fair value of impaired loans is net of $732,000 of specific reserves on performing TDRs. The fair value of impaired loans is calculated using the collateral value method or on a discounted cash flow basis. Inputs used in the collateral value method include appraised values, less estimated costs to sell. Some of these inputs may not be observable in the marketplace. Appraised values may be discounted based on management's knowledge of the marketplace, subsequent changes in market conditions, or management's knowledge of the borrower. OREO properties are measured at the lower of their carrying amount or fair value, less estimated costs to sell. Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less estimated costs to sell, an impairment loss is recognized. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2016 and December 31, 2015 . March 31, 2016 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 39,347 Market approach Appraised value discounted by market or borrower conditions 0%-3.1% OREO $ 3,405 Market approach Appraised value less selling costs 0% - 32.9% December 31, 2015 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 42,557 Market approach Appraised value discounted by market or borrower conditions 0% - 2.1% (0.3%) OREO $ 3,663 Market approach Appraised value less selling costs 0% - 13.6% (1.0%) The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: March 31, 2016 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 6,552 $ 6,552 $ 6,552 $ — $ — Interest-earning deposits 21,706 21,706 21,706 — — Investments available-for-sale 135,133 135,133 — 135,133 — Loans receivable, net 717,483 736,420 — — 736,420 FHLB stock 4,831 4,831 — 4,831 — Accrued interest receivable 3,114 3,114 — 3,114 — Financial Liabilities: Deposits 278,748 278,748 278,748 — — Certificates of deposit, retail 324,196 326,315 — 326,315 — Certificates of deposit, brokered 65,612 66,670 — 66,670 — Advances from the FHLB 91,500 91,830 — 91,830 — Accrued interest payable 106 106 — 106 — December 31, 2015 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 5,713 $ 5,713 $ 5,713 $ — $ — Interest-earning deposits 99,998 99,998 99,998 — — Investments available-for-sale 129,565 129,565 — 129,565 — Loans receivable, net 685,072 693,480 — — 693,480 FHLB stock 6,137 6,137 — 6,137 — Accrued interest receivable 2,968 2,968 — 2,968 — Financial Liabilities: Deposits 285,416 285,416 285,416 — — Certificates of deposit, retail 323,840 324,135 — 324,135 — Certificates of deposit, brokered 66,151 66,947 — 66,947 — Advances from the FHLB 125,500 125,466 — 125,466 — Accrued interest payable 135 135 — 135 — Fair value estimates, methods, and assumptions are set forth below for the Company's financial instruments: • Financial instruments with book value equal to fair value: The fair value of financial instruments that are short-term or reprice frequently and that have little or no risk are considered to have a fair value equal to book value. These instruments include cash on hand and in banks, interest-earning deposits, FHLB stock, accrued interest receivable, accrued interest payable, and investment transactions payable. FHLB stock is not publicly-traded, however it may be redeemed on a dollar-for-dollar basis, for any amount the Bank is not required to hold, subject to the FHLB’s discretion. The fair value is therefore equal to the book value. • Investments available-for-sale: The fair value of all investments, excluding FHLB stock, was based upon quoted market prices for similar investments in active markets, identical or similar investments in markets that are not active and model-derived valuations whose inputs are observable. • Loans receivable: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair value of fixed-rate loans is estimated using discounted cash flow analysis, utilizing interest rates that would be offered for loans with similar terms to borrowers of similar credit quality. As a result of current market conditions, cash flow estimates have been further discounted to include a credit factor. The fair value of nonperforming loans is estimated using the fair value of the underlying collateral. • Liabilities: The fair value of deposits with no stated maturity, such as statement savings, NOW and money market accounts, is equal to the amount payable on demand. The fair value of certificates of deposit is based on the discounted value of contractual cash flows using current interest rates for certificates of deposit with similar remaining maturities. The fair value of FHLB advances is estimated based on discounting the future cash flows using current interest rates for debt with similar remaining maturities. • Off balance sheet commitments: No fair value adjustment is necessary for commitments made to extend credit, which represents commitments for loan originations or for outstanding commitments to purchase loans. These commitments are at variable rates, are for loans with terms of less than one year and have interest rates which approximate prevailing market rates, or are set at the time of loan closing. Fair value estimates are based on existing balance sheet financial instruments without attempting to estimate the value of anticipated future business. The fair value has not been estimated for assets and liabilities that are not considered financial instruments.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation In June 2008, First Financial Northwest's shareholders approved the First Financial Northwest, Inc. 2008 Equity Incentive Plan (“Plan”). The Plan provides for the grant of stock options, restricted stock and stock appreciation rights. For the three months ended March 31, 2016 and 2015 , total compensation expense for the Plan was $93,000 and $109,000 , respectively, and the related income tax benefit was $32,000 and $38,000 , respectively. Stock Options The Plan authorizes the grant of stock options totaling 2,285,280 shares to Company directors, advisory directors, officers and employees. Option awards are granted with an exercise price equal to the market price of First Financial Northwest's common stock at the grant date. These option awards have a vesting period of five years, with 20% vesting on the anniversary date of each grant date, and a contractual life of 10 years. Any unexercised stock options will expire ten years after the grant date or sooner in the event of the award recipient’s death, disability or termination of service with the Company or the Bank. First Financial Northwest has a policy of issuing new shares from authorized but unissued common stock upon the exercise of stock options. At March 31, 2016 , remaining options for 611,756 shares of common stock were available for grant under the Plan. The fair value of each option award is estimated on the grant date using a Black-Scholes model that uses the following assumptions. The dividend yield is based on the current quarterly dividend in effect at the time of the grant. Historical employment data is used to estimate the forfeiture rate. The historical volatility of the Company's stock price over a specified period of time is used for the expected volatility assumption. First Financial Northwest bases the risk-free interest rate on the U.S. Treasury Constant Maturity Indices in effect on the date of the grant. First Financial Northwest elected to use the “Share-Based Payments” method permitted by the SEC to calculate the expected term. This method uses the vesting term of an option along with the contractual term, setting the expected life at the midpoint. A summary of the Company’s stock option plan awards and activity for the three months ended March 31, 2016 , follows: For the Three Months Ended March 31, 2016 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Outstanding at January 1, 2016 884,260 $ 10.11 Exercised (137,940 ) 9.78 Forfeited or expired (20,000 ) 12.05 Outstanding at March 31, 2016 726,320 10.12 5.03 2,227,725 Vested and expecting to vest assuming a 3% forfeiture 719,060 10.11 5.00 2,211,308 Exercisable at March 31, 2016 484,320 9.70 3.49 1,680,485 As of March 31, 2016 , there was $789,455 of total unrecognized compensation cost related to nonvested stock options granted under the Plan. The cost is expected to be recognized over the remaining weighted-average vesting period of 3.37 years. There were no stock options granted during the three months ended March 31, 2016 . Restricted Stock Awards The Plan authorizes the grant of restricted stock awards amounting to 914,112 shares to directors, advisory directors, officers and employees. Compensation expense is recognized over the vesting period of the awards based on the fair value of the stock at the grant date. The restricted stock awards’ fair value is equal to the stock price on the grant date. Shares awarded as restricted stock vest ratably over a five -year period beginning at the grant date with 20% vesting on the anniversary date of each grant date. At March 31, 2016 , remaining restricted stock awards for 74,478 shares were available to be awarded. Shares that have been awarded but have not yet vested are held in a reserve account until they are vested. A summary of changes in nonvested restricted stock awards for the three months ended March 31, 2016 , follows: For the Three Months Ended March 31, 2016 Shares Weighted-Average Nonvested at January 1, 2016 47,800 $ 8.95 Granted — Vested — Nonvested at March 31, 2016 47,800 8.95 Expected to vest assuming a 3% forfeiture rate over the vesting term 46,366 As of March 31, 2016 , there was $312,970 of total unrecognized compensation costs related to nonvested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of 1.81 years.

Federal Income Taxes

Federal Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Federal Income Taxes	Federal Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. 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. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. Under GAAP, a valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax asset will not be realized. Our policy is to evaluate our deferred tax assets on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. At March 31, 2016 , it was determined that the full deferred tax asset would be realized in future periods and no valuation allowance was required. Our effective tax rate for the first three months of 2016 wa s 29.5% partiall y as a result of permanent tax exclusions of the noninterest income from BOLI and an additional tax benefit as a result of the exercise of certain stock options. Estimated compensation expense is accrued to the deferred tax asset over the vesting period of the options. When these options were exercised, the actual stock price for our common stock was higher than previously estimated, resulting in an increase to actual compensation expense above the amount previously accrued and recognition of a tax benefit. The Company has prepared federal tax returns through December 31, 2015 , at which time the Company has an alternative minimum tax credit carryforward totaling $1.4 million which has no expiration date.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Per the provisions of FASB ASC 260, Earnings Per Share , nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are participating securities and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. ESOP shares are considered outstanding for basic and diluted earnings per share when the shares are committed to be released. Certain of the Company's nonvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method, based on their rights to receive dividends, participate in earnings, or absorb losses. Basic earnings per common shares is computed by dividing net earnings available to common shareholders by the weighted-average number of common shares outstanding during the period, excluding participating nonvested restricted shares. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended March 31, 2016 2015 (Dollars in thousands, except share data) Net income $ 1,825 $ 2,229 Less: Earnings allocated to participating (6 ) (11 ) Earnings allocated to common shareholders $ 1,819 $ 2,218 Basic weighted average common shares 12,744,694 14,036,959 Dilutive stock options 144,521 139,817 Dilutive restricted stock grants 16,312 22,939 Diluted weighted average common shares 12,905,527 14,199,715 Basic earnings per share $ 0.14 $ 0.16 Diluted earnings per share $ 0.14 $ 0.16 Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. For the three months ended March 31, 2016, options to purchase an additional 60,000 shares of common stock were not included in the computation of diluted earnings per share because the incremental shares under the treasury stock method of calculation resulted in them being anti-dilutive. For the three months ended March 31, 2015, options to purchase an additional 225,000 were excluded as their effect would be anti-dilutive.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Available-for-sale Securities	Investments available-for-sale are summarized as follows at the dates indicated: March 31, 2016 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 50,019 $ 778 $ (30 ) $ 50,767 Freddie Mac 25,065 530 (1 ) 25,594 Ginnie Mae 13,097 95 (84 ) 13,108 Municipal bonds 13,242 446 — 13,688 U.S. Government agencies 13,132 153 (23 ) 13,262 Corporate bonds 19,009 34 (329 ) 18,714 Total $ 133,564 $ 2,036 $ (467 ) $ 135,133 December 31, 2015 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 50,288 $ 260 $ (227 ) $ 50,321 Freddie Mac 26,011 243 (117 ) 26,137 Ginnie Mae 13,802 44 (114 ) 13,732 Municipal bonds 11,787 277 — 12,064 U.S. Government agencies 13,541 89 (88 ) 13,542 Corporate bonds 14,010 4 (245 ) 13,769 Total $ 129,439 $ 917 $ (791 ) $ 129,565
Schedule of Available for sale Securities in Continuous Unrealized Loss positions	The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated. At both March 31, 2016 and December 31, 2015, we had no municipal bonds in an unrealized loss position. March 31, 2016 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (In thousands) Mortgage-backed investments: Fannie Mae $ 5,964 $ (30 ) $ — $ — $ 5,964 $ (30 ) Freddie Mac 1,603 (1 ) — — 1,603 (1 ) Ginnie Mae 1,011 (4 ) 3,056 (80 ) 4,067 (84 ) U.S. Government agencies 2,234 (23 ) — — 2,234 (23 ) Corporate bonds 10,678 (329 ) — — 10,678 (329 ) Total $ 21,490 $ (387 ) $ 3,056 $ (80 ) $ 24,546 $ (467 ) December 31, 2015 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (In thousands) Mortgage-backed investments: Fannie Mae $ 37,593 $ (227 ) $ — $ — $ 37,593 $ (227 ) Freddie Mac 12,115 (117 ) — — 12,115 (117 ) Ginnie Mae 5,508 (29 ) 3,233 (85 ) 8,741 (114 ) U.S. Government agencies 9,605 (88 ) — — 9,605 (88 ) Corporate bonds 10,263 (245 ) — — 10,263 (245 ) Total $ 75,084 $ (706 ) $ 3,233 $ (85 ) $ 78,317 $ (791 )
Schedule of Available for sale Securities, Debt Maturities	March 31, 2016 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 9,791 9,814 Due after five years through ten years 21,059 20,981 Due after ten years 14,533 14,869 45,383 45,664 Mortgage-backed investments 88,181 89,469 Total $ 133,564 $ 135,133

Loans Receivable_ Schedule of A

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable are summarized as follows at the dates indicated: March 31, 2016 December 31, 2015 (In thousands) One-to-four family residential: Permanent owner occupied $ 147,912 $ 147,229 Permanent non-owner occupied 108,905 106,543 256,817 253,772 Multifamily: Permanent 129,553 122,747 Construction (1) 21,115 21,115 150,668 143,862 Commercial real estate: Permanent 258,946 244,211 Land (2) 14,700 8,290 273,646 252,501 Construction/land development: One-to-four family residential (1) 50,770 52,233 Multifamily (1) 35,436 25,551 Land development (2) 7,513 8,768 93,719 86,552 Business 6,548 7,604 Consumer 5,972 6,979 Total loans 787,370 751,270 Less: Loans in process ("LIP") 58,172 53,854 Deferred loan fees, net 2,244 2,881 Allowance for loan and lease losses ("ALLL") 9,471 9,463 Loans receivable, net $ 717,483 $ 685,072 ___________ (1) Construction/land development excludes construction loans that will convert to permanent loans. The Company considers these loans to be "rollovers" in that one loan is originated for both the construction loan and permanent financing. These loans are classified according to the underlying collateral. At March 31, 2016 the Company had $21.1 million or 14.0% of its total multifamily portfolio in these rollover loans, as compared to $21.1 million or 14.7% at December 31, 2015. At March 31, 2016, and December 31, 2015, none of the Company's commercial real estate portfolio or one-to-four family residential portfolio included these rollover loans. (2) At March 31, 2016 , and December 31, 2015 , $14.7 million and $8.3 million , respectively, of commercial real estate loans were not included in the construction/land development category because the Company classifies raw land or buildable lots (where we do not intend to finance the construction) as commercial real estate land loans.
Schedule of Allowance for Loan and Lease Losses, Roll Forward	The following tables summarize changes in the ALLL and loan portfolio by loan type and impairment method at the dates and for the periods shown: At or For the Three Months Ended March 31, 2016 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,028 $ 1,298 $ 3,542 $ 941 $ 229 $ 425 $ 9,463 Charge-offs — — — — — (19 ) (19 ) Recoveries 22 — 104 — — 1 127 Provision (recapture) (210 ) 75 73 40 (32 ) (46 ) (100 ) Ending balance $ 2,840 $ 1,373 $ 3,719 $ 981 $ 197 $ 361 $ 9,471 ALLL by category: General reserve $ 2,389 $ 1,373 $ 3,549 $ 981 $ 197 $ 323 $ 8,812 Specific reserve 451 — 170 — — 38 659 Loans: (1) Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 Loans with general (2) 223,549 139,648 268,682 44,980 6,548 5,785 689,192 Loans with specific (3) 33,268 1,587 4,964 — — 187 40,006 ____________ (1) Net of LIP. (2) Loans collectively evaluated for general reserves. (3) Loans individually evaluated for specific reserves. At or For the Three Months Ended March 31, 2015 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,694 $ 1,646 $ 4,597 $ 355 $ 47 $ 152 $ 10,491 Charge-offs (25 ) (281 ) — — — (34 ) (340 ) Recoveries 173 — — — 3 281 457 Provision (recapture) (154 ) (342 ) 38 386 4 (32 ) (100 ) Ending balance $ 3,688 $ 1,023 $ 4,635 $ 741 $ 54 $ 367 $ 10,508 ALLL by category: General reserve $ 3,027 $ 1,002 $ 4,242 $ 741 $ 54 $ 323 $ 9,389 Specific reserve 661 21 393 — — 44 1,119 Loans: (1) Total loans 265,822 121,715 249,398 32,868 5,313 6,716 681,832 Loans with general (2) 224,385 117,869 240,732 32,868 5,313 6,520 627,687 Loans with specific (3) 41,437 3,846 8,666 — — 196 54,145 _____________ (1) Net of LIP. (2) Loans collectively evaluated for general reserves. (3) Loans individually evaluated for specific reserves.
Financing Receivables, Aging of loans	The following tables represent a summary of the aging of loans by type at the dates indicated: Loans Past Due as of March 31, 2016 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (2) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 481 $ 331 $ 475 $ 1,287 $ 146,625 $ 147,912 Non-owner occupied — — — — 108,905 108,905 Multifamily — — — — 141,235 141,235 Commercial real estate — — — — 273,646 273,646 Construction/land development — — — — 44,980 44,980 Total real estate 481 331 475 1,287 715,391 716,678 Business — — — — 6,548 6,548 Consumer 53 69 — 122 5,850 5,972 Total loans $ 534 $ 400 $ 475 $ 1,409 $ 727,789 $ 729,198 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at March 31, 2016 . (2) Net of LIP. Loans Past Due as of December 31, 2015 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (2) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 678 $ 483 $ — $ 1,161 $ 146,068 $ 147,229 Non-owner occupied — — — — 106,543 106,543 Multifamily — — — — 133,388 133,388 Commercial real estate — — — — 252,501 252,501 Construction/land development — — — — 43,172 43,172 Total real estate 678 483 — 1,161 681,672 682,833 Business — — — — 7,604 7,604 Consumer — 78 19 97 6,882 6,979 Total loans $ 678 $ 561 $ 19 $ 1,258 $ 696,158 $ 697,416 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2015 . (2) Net of LIP.
Schedule of non-accrual loans	The following table is a summary of nonaccrual loans by loan type at the dates indicated: March 31, 2016 December 31, 2015 (In thousands) One-to-four family residential $ 985 $ 996 Consumer 69 89 Total nonaccrual loans $ 1,054 $ 1,085
Financing Receivables, Summary of loans by type and payment activity	The following tables summarize the loan portfolio by type and payment status at the dates indicated: March 31, 2016 One-to-Four Multifamily Commercial Construction / Business Consumer Total (1) (In thousands) Performing (2) $ 255,832 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,903 $ 728,144 Nonperforming (3) 985 — — — — 69 1,054 Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 _____________ (1) Net of LIP. (2) There were $146.9 million of owner-occupied one-to-four family residential loans and $108.9 million of non-owner occupied one-to-four family residential loans classified as performing. (3) There were $985,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming. December 31, 2015 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (1) (In thousands) Performing (2) $ 252,776 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,890 $ 696,331 Nonperforming (3) 996 — — — — 89 1,085 Total loans $ 253,772 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,979 $ 697,416 _____________ (1) Net of LIP. (2) There were $146.2 million of owner-occupied one-to-four family residential loans and $106.5 million of non-owner occupied one-to-four family residential loans classified as performing. (3) There were $996,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming.
Schedule Of Impaired Financing Receivables	The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: March 31, 2016 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 2,575 $ 2,856 $ — Non-owner occupied 22,930 22,948 — Multifamily 1,587 1,587 — Commercial real estate 2,257 2,335 — Consumer 112 164 — Total 29,461 29,890 — Loans with an allowance: One-to-four family residential: Owner occupied 2,111 2,181 76 Non-owner occupied 5,652 5,704 375 Commercial real estate 2,707 2,707 170 Consumer 75 75 38 Total 10,545 10,667 659 Total impaired loans: One-to-four family residential: Owner occupied 4,686 5,037 76 Non-owner occupied 28,582 28,652 375 Multifamily 1,587 1,587 — Commercial real estate 4,964 5,042 170 Consumer 187 239 38 Total $ 40,006 $ 40,557 $ 659 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2015 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 3,169 $ 3,441 $ — Non-owner occupied 23,285 23,310 — Multifamily 415 414 — Commercial real estate 2,675 2,857 — Consumer 132 183 — Total 29,676 30,205 — Loans with an allowance: One-to-four family residential: Owner occupied 2,120 2,189 85 Non-owner occupied 7,521 7,573 427 Multifamily 1,180 1,180 3 Commercial real estate 2,716 2,717 178 Consumer 76 76 39 Total 13,613 13,735 732 Total impaired loans: One-to-four family residential: Owner occupied 5,289 5,630 85 Non-owner occupied 30,806 30,883 427 Multifamily 1,595 1,594 3 Commercial real estate 5,391 5,574 178 Consumer 208 259 39 Total $ 43,289 $ 43,940 $ 732 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance.
Schedule of Impaired Financing Receivables, Average Recorded Investment and Interest Income	The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 2,872 $ 60 $ 3,315 $ 47 Non-owner occupied 23,108 321 28,527 430 Multifamily 1,001 27 842 — Commercial real estate 2,466 39 4,543 70 Consumer 122 2 118 1 Total 29,569 449 37,345 548 Loans with an allowance: One-to-four family residential: Owner occupied 2,116 29 2,349 30 Non-owner occupied 6,587 78 8,397 119 Multifamily 590 — 2,167 33 Commercial real estate 2,712 40 4,566 58 Consumer 76 1 79 1 Total 12,081 148 17,558 241 Total impaired loans: One-to-four family residential: Owner occupied 4,988 89 5,664 77 Non-owner occupied 29,695 399 36,924 549 Multifamily 1,591 27 3,009 33 Commercial real estate 5,178 79 9,109 128 Consumer 198 3 197 2 Total $ 41,650 $ 597 $ 54,903 $ 789
Troubled Debt Restructurings on Financing Receivables	The following table presents loans that were modified as TDRs within the periods indicated, and their recorded investment both prior to and after the modification: Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Number of Loans Pre-Modification Outstanding Post-Modification Outstanding Number of Loans Pre-Modification Outstanding Post-Modification Outstanding (Dollars in thousands) One-to-four family Principal and interest with interest rate concession 1 $ 558 $ 558 — $ — $ — Advancement of maturity date — — — 2 248 248 Commercial real estate: Interest-only payments with interest rate concession and advancement of maturity date 1 495 495 — — — Advancement of maturity date — — — 1 454 454 Interest-only payments with advancement of maturity date — — — 1 2,004 2,004 Total 2 $ 1,053 $ 1,053 4 $ 2,706 $ 2,706
Financing Receivables, Summary of loans by type and risk category	The following tables represent a summary of loans by type and risk category at the dates indicated: March 31, 2016 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (1) (In thousands) Risk Rating: Pass $ 250,241 $ 141,235 $ 269,359 $ 44,980 $ 6,548 $ 5,715 $ 718,078 Special mention 3,903 — 3,791 — — 188 7,882 Substandard 2,673 — 496 — — 69 3,238 Total loans $ 256,817 $ 141,235 $ 273,646 $ 44,980 $ 6,548 $ 5,972 $ 729,198 _____________ (1) Net of LIP. December 31, 2015 One-to-Four Family Residential Multifamily Commercial Real Estate Construction / Land Development Business Consumer Total (1) (In thousands) Risk Rating: Pass $ 247,239 $ 133,388 $ 248,196 $ 43,172 $ 7,604 $ 6,702 $ 686,301 Special mention 3,840 — 3,809 — — 188 7,837 Substandard 2,693 — 496 — — 89 3,278 Total loans $ 253,772 $ 133,388 $ 252,501 $ 43,172 $ 7,604 $ 6,979 $ 697,416 _____________ (1) Net of LIP.

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2016
Other Real Estate [Abstract]
Other Real Estate, Roll Forward	The following table is a summary of OREO activity during the periods shown: Three Months Ended March 31, 2016 2015 (In thousands) Balance at beginning of period $ 3,663 $ 9,283 Loans transferred to OREO — 141 Gross proceeds from sale of OREO (1 ) (4,328 ) Gain on sale of OREO 1 529 Market value adjustments (258 ) (50 ) Balance at end of period $ 3,405 $ 5,575

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	e tables below present the balances of assets measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at the dates indicated: Fair Value Measurements at March 31, 2016 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 50,767 $ — $ 50,767 $ — Freddie Mac 25,594 — 25,594 — Ginnie Mae 13,108 — 13,108 — Municipal bonds 13,688 — 13,688 — U.S. Government agencies 13,262 — 13,262 — Corporate bonds 18,714 — 18,714 — Total $ 135,133 $ — $ 135,133 $ — Fair Value Measurements at December 31, 2015 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 50,321 $ — $ 50,321 $ — Freddie Mac 26,137 — 26,137 — Ginnie Mae 13,732 — 13,732 — Municipal bonds 12,064 — 12,064 — U.S. Government agencies 13,542 — 13,542 — Corporate bonds 13,769 — 13,769 — Total $ 129,565 $ — $ 129,565 $ —
Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis	e tables below present the balances of assets measured at fair value on a nonrecurring basis at March 31, 2016 and December 31, 2015 . Fair Value Measurements at March 31, 2016 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans (1) $ 39,347 $ — $ — $ 39,347 OREO 3,405 — — 3,405 Total $ 42,752 $ — $ — $ 42,752 _____________ (1) Total fair value of impaired loans is net of $659,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2015 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans (1) $ 42,557 $ — $ — $ 42,557 OREO 3,663 — — 3,663 Total $ 46,220 $ — $ — $ 46,220 _____________ (1) Total fair value of impaired loans is net of $732,000 of specific reserves on performing TDRs.
Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis	e following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2016 and December 31, 2015 . March 31, 2016 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 39,347 Market approach Appraised value discounted by market or borrower conditions 0%-3.1% OREO $ 3,405 Market approach Appraised value less selling costs 0% - 32.9% December 31, 2015 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 42,557 Market approach Appraised value discounted by market or borrower conditions 0% - 2.1% (0.3%) OREO $ 3,663 Market approach Appraised value less selling costs 0% - 13.6% (1.0%)
Fair Value, by Balance Sheet Grouping	e carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: March 31, 2016 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 6,552 $ 6,552 $ 6,552 $ — $ — Interest-earning deposits 21,706 21,706 21,706 — — Investments available-for-sale 135,133 135,133 — 135,133 — Loans receivable, net 717,483 736,420 — — 736,420 FHLB stock 4,831 4,831 — 4,831 — Accrued interest receivable 3,114 3,114 — 3,114 — Financial Liabilities: Deposits 278,748 278,748 278,748 — — Certificates of deposit, retail 324,196 326,315 — 326,315 — Certificates of deposit, brokered 65,612 66,670 — 66,670 — Advances from the FHLB 91,500 91,830 — 91,830 — Accrued interest payable 106 106 — 106 — December 31, 2015 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 5,713 $ 5,713 $ 5,713 $ — $ — Interest-earning deposits 99,998 99,998 99,998 — — Investments available-for-sale 129,565 129,565 — 129,565 — Loans receivable, net 685,072 693,480 — — 693,480 FHLB stock 6,137 6,137 — 6,137 — Accrued interest receivable 2,968 2,968 — 2,968 — Financial Liabilities: Deposits 285,416 285,416 285,416 — — Certificates of deposit, retail 323,840 324,135 — 324,135 — Certificates of deposit, brokered 66,151 66,947 — 66,947 — Advances from the FHLB 125,500 125,466 — 125,466 — Accrued interest payable 135 135 — 135 —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	A summary of changes in nonvested restricted stock awards for the three months ended March 31, 2016 , follows: For the Three Months Ended March 31, 2016 Shares Weighted-Average Nonvested at January 1, 2016 47,800 $ 8.95 Granted — Vested — Nonvested at March 31, 2016 47,800 8.95 Expected to vest assuming a 3% forfeiture rate over the vesting term 46,366 A summary of the Company’s stock option plan awards and activity for the three months ended March 31, 2016 , follows: For the Three Months Ended March 31, 2016 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Outstanding at January 1, 2016 884,260 $ 10.11 Exercised (137,940 ) 9.78 Forfeited or expired (20,000 ) 12.05 Outstanding at March 31, 2016 726,320 10.12 5.03 2,227,725 Vested and expecting to vest assuming a 3% forfeiture 719,060 10.11 5.00 2,211,308 Exercisable at March 31, 2016 484,320 9.70 3.49 1,680,485

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended March 31, 2016 2015 (Dollars in thousands, except share data) Net income $ 1,825 $ 2,229 Less: Earnings allocated to participating (6 ) (11 ) Earnings allocated to common shareholders $ 1,819 $ 2,218 Basic weighted average common shares 12,744,694 14,036,959 Dilutive stock options 144,521 139,817 Dilutive restricted stock grants 16,312 22,939 Diluted weighted average common shares 12,905,527 14,199,715 Basic earnings per share $ 0.14 $ 0.16 Diluted earnings per share $ 0.14 $ 0.16

Investments_ Available-for-sale

Investments: Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Amortized Cost	$ 133,564		$ 129,439
Gross Unrealized Gains	2,036		917
Gross Unrealized Losses	(467)		(791)
Fair Value	135,133		129,565
Payments to Acquire Marketable Securities	8,285	$ 1,897
Mortgage-backed investments, Fannie Mae
Amortized Cost	50,019		50,288
Gross Unrealized Gains	778		260
Gross Unrealized Losses	(30)		(227)
Fair Value	50,767		50,321
Mortgage-backed investments, Freddie Mac
Amortized Cost	25,065		26,011
Gross Unrealized Gains	530		243
Gross Unrealized Losses	(1)		(117)
Fair Value	25,594		26,137
Mortgage-backed investments, Ginnie Mae
Amortized Cost	13,097		13,802
Gross Unrealized Gains	95		44
Gross Unrealized Losses	(84)		(114)
Fair Value	13,108		13,732
Municipal Bonds
Amortized Cost	13,242		11,787
Gross Unrealized Gains	446		277
Gross Unrealized Losses	0		0
Fair Value	13,688		12,064
US Government agencies
Amortized Cost	13,132		13,541
Gross Unrealized Gains	153		89
Gross Unrealized Losses	(23)		(88)
Fair Value	13,262		13,542
Corporate Bonds
Amortized Cost	19,009		14,010
Gross Unrealized Gains	34		4
Gross Unrealized Losses	(329)		(245)
Fair Value	$ 18,714		$ 13,769
Call Option [Member]
Gain (Loss) on Sale of Investments		$ 0

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value	$ 21,490	$ 75,084
Unrealized Loss	(387)	(706)
Fair Value	3,056	3,233
Unrealized Loss	(80)	(85)
Fair Value	24,546	78,317
Unrealized Loss	(467)	(791)
Mortgage-backed investments, Fannie Mae
Fair Value	5,964	37,593
Unrealized Loss	(30)	(227)
Fair Value	0	0
Unrealized Loss	0	0
Fair Value	5,964	37,593
Unrealized Loss	(30)	(227)
Mortgage-backed investments, Freddie Mac
Fair Value	1,603	12,115
Unrealized Loss	(1)	(117)
Fair Value	0	0
Unrealized Loss	0	0
Fair Value	1,603	12,115
Unrealized Loss	(1)	(117)
Mortgage backed investments Ginnie Mae
Fair Value	1,011	5,508
Unrealized Loss	(4)	(29)
Fair Value	3,056	3,233
Unrealized Loss	(80)	(85)
Fair Value	4,067	8,741
Unrealized Loss	(84)	(114)
Municipal Bonds
Unrealized Loss	0	0
US Government agencies
Fair Value	2,234	9,605
Unrealized Loss	(23)	(88)
Fair Value	0	0
Unrealized Loss	0	0
Fair Value	2,234	9,605
Unrealized Loss	(23)	(88)
Corporate Bonds
Fair Value	10,678	10,263
Unrealized Loss	(329)	(245)
Fair Value	0	0
Unrealized Loss	0	0
Fair Value	10,678	10,263
Unrealized Loss	$ (329)	$ (245)

Investments_ Narrative (Details

Investments: Narrative (Details)	3 Months Ended
	Mar. 31, 2016USD ($)securities	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 24,546,000		$ 78,317,000
Unrealized Loss	$ 467,000		791,000
Investments pledged as collateral for FHLB advances	100.00%
Investments pledged as collateral for public deposits	$ 16,900,000		$ 17,400,000
Principal repayments on investments available-for-sale	45,000
Proceeds from Maturities, Prepayments and Calls of Other Investments		$ 50,000
Payments to Acquire Marketable Securities	$ 8,285,000	1,897,000
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities	3
Call Option [Member]
Schedule of Available-for-sale Securities [Line Items]
Net gain (loss) on sale of investments		$ 0

Investments_ Schedule of Avai29

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investments [Abstract]
Due within one year, Amortized Cost	$ 0
Due after one year through five years, Amortized Cost	9,791
Due after five years through ten years, Amortized Cost	21,059
Due after ten years, Amortized Cost	14,533
Debt maturities, Amortized Cost	45,383
Mortgage-backed investments, Amortized Cost	88,181
Amortized Cost	133,564	$ 129,439
Due within one year, Fair Value	0
Due after one year through five years, Fair Value	9,814
Due after five years through ten years, Fair Value	20,981
Due after ten years, Fair Value	14,869
Debt maturities, Fair Value	45,664
Mortgage-backed investments, Fair Value	89,469
Fair Value	$ 135,133

Loans Receivable_ Schedule of30

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Loans receivable		$ 787,370	$ 751,270
Loans in process (LIP)		58,172	53,854
Deferred loan fees, net		2,244	2,881
ALLL		9,471	9,463
Loans receivable, net		717,483	685,072
One-to-four family, residential, owner occupied
Loans receivable		147,912	147,229
One to four family residential non owner occupied
Loans receivable		108,905	106,543
One to Four Family
Loans receivable		256,817	253,772
Multifamily Permanent
Loans receivable		129,553	122,747
Multifamily Construction
Loans receivable		21,115	21,115
Loans excluded from category		$ 21,100
Loans and Notes receivable, category as percent of total		14.00%
One to four family residential
ALLL		$ 2,840	3,028	$ 3,688	$ 3,694
Multifamily
Loans receivable		150,668	143,862
ALLL		1,373	1,298	1,023	1,646
Commercial Real Estate Permanent
Loans receivable		258,946	244,211
Commercial Real Estate Land
Loans receivable		14,700	8,290
Commercial Real Estate
Loans receivable		273,646	252,501
ALLL		3,719	3,542	4,635	4,597
Construction/Land Development One-to-four family residential
Loans receivable	[1]	50,770	52,233
Construction Land Development Multifamily
Loans receivable	[1]	35,436	25,551
Construction Land Development Commercial
Loans excluded from category		14,700	8,300
Construction Land Development Land Development
Loans receivable	[1]	7,513	8,768
Construction Land Development
Loans receivable	[1]	93,719	86,552
ALLL		981	941	741	355
Business
Loans receivable		6,548	7,604
ALLL		197	229	54	47
Consumer
Loans receivable		5,972	6,979
ALLL		361	425	367	152
Property total
ALLL		$ 9,471	$ 9,463	$ 10,508	$ 10,491
[1]	xcludes construction loans that will convert to permanent loans. The Company considers these loans to be "rollovers" in that one loan is originated for both the construction loan and permanent financing. These loans are classified according to the underlying collateral. At March 31, 2016 the Company had $21.1 million or 14.0% of its total multifamily portfolio in these rollover loans, as compared to $21.1 million or 14.7% at December 31, 2015. At March 31, 2016, and December 31, 2015, none of the Company's commercial real estate portfolio or one-to-four family residential portfolio included these rollover loans. (2)At March 31, 2016, and December 31, 2015, $14.7 million and $8.3 million, respectively, of commercial real estate loans were not included in the construction/land development category because the Company classifies raw land or buildable lots (where we do not intend to finance the construction) as commercial real estate land loans.

Loans Receivable_ Schedule of31

Loans Receivable: Schedule of Allowance for Loan and Lease Losses, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Loans receivable allowance for loan losses	$ 9,463		$ 9,471	$ 9,463
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	9,463
Provision (recapture)	(100)	$ (100)
Loans and Leases Receivable, Allowance, Ending Balance	9,471
One to four family residential
Impaired Financing Receivable, Related Allowance			451		$ 661
Loans receivable allowance for loan losses	3,028	3,694	2,840	3,028	3,688
Total Loans			256,817		265,822
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	3,028	3,694
Charge-offs	0	(25)
Recoveries	22	173
Provision (recapture)	(210)	(154)
Loans and Leases Receivable, Allowance, Ending Balance	2,840	3,688
Financing Receivable, Collectively Evaluated for Impairment			223,549		224,385
Financing Receivable, Individually Evaluated for Impairment			33,268		41,437
One to four family residential | General Reserve
Loans receivable allowance for loan losses	2,389	3,027	2,389		3,027
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	2,389	3,027
Multifamily
Impaired Financing Receivable, Related Allowance			0	3	21
Loans receivable allowance for loan losses	1,298	1,646	1,373	1,298	1,023
Total Loans			141,235		121,715
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,298	1,646
Charge-offs	0	(281)
Recoveries	0	0
Provision (recapture)	75	(342)
Loans and Leases Receivable, Allowance, Ending Balance	1,373	1,023
Financing Receivable, Collectively Evaluated for Impairment			139,648		117,869
Financing Receivable, Individually Evaluated for Impairment			1,587		3,846
Multifamily | General Reserve
Loans receivable allowance for loan losses	1,373	1,002	1,373		1,002
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,373	1,002
Commercial Real Estate
Impaired Financing Receivable, Related Allowance			170	178	393
Loans receivable allowance for loan losses	3,542	4,597	3,719	3,542	4,635
Total Loans			273,646		249,398
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	3,542	4,597
Charge-offs	0	0
Recoveries	104	0
Provision (recapture)	73	38
Loans and Leases Receivable, Allowance, Ending Balance	3,719	4,635
Financing Receivable, Collectively Evaluated for Impairment			268,682		240,732
Financing Receivable, Individually Evaluated for Impairment			4,964		8,666
Commercial Real Estate | General Reserve
Loans receivable allowance for loan losses	3,549	4,242	3,549		4,242
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	3,549	4,242
Construction Land Development
Impaired Financing Receivable, Related Allowance			0		0
Loans receivable allowance for loan losses	941	355	981	941	741
Total Loans			44,980		32,868
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	941	355
Charge-offs	0	0
Recoveries	0	0
Provision (recapture)	40	386
Loans and Leases Receivable, Allowance, Ending Balance	981	741
Financing Receivable, Collectively Evaluated for Impairment			44,980		32,868
Financing Receivable, Individually Evaluated for Impairment			0		0
Construction Land Development | General Reserve
Loans receivable allowance for loan losses	981	741	981		741
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	981	741
Business
Impaired Financing Receivable, Related Allowance			0		0
Loans receivable allowance for loan losses	229	47	197	229	54
Total Loans			6,548		5,313
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	229	47
Charge-offs	0	0
Recoveries	0	3
Provision (recapture)	(32)	4
Loans and Leases Receivable, Allowance, Ending Balance	197	54
Financing Receivable, Collectively Evaluated for Impairment			6,548		5,313
Financing Receivable, Individually Evaluated for Impairment			0		0
Business | General Reserve
Loans receivable allowance for loan losses	197	54	197		54
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	197	54
Consumer
Impaired Financing Receivable, Related Allowance			38		44
Loans receivable allowance for loan losses	425	152	361	425	367
Total Loans			5,972		6,716
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	425	152
Charge-offs	(19)	(34)
Recoveries	1	281
Provision (recapture)	(46)	(32)
Loans and Leases Receivable, Allowance, Ending Balance	361	367
Financing Receivable, Collectively Evaluated for Impairment			5,785		6,520
Financing Receivable, Individually Evaluated for Impairment			187		196
Consumer | General Reserve
Loans receivable allowance for loan losses	323	323	323		323
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	323	323
Property total
Impaired Financing Receivable, Related Allowance			659	732	1,119
Loans receivable allowance for loan losses	9,463	10,491	9,471	$ 9,463	10,508
Total Loans			729,198		681,832
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	9,463	10,491
Charge-offs	(19)	(340)
Recoveries	127	457
Provision (recapture)	(100)	(100)
Loans and Leases Receivable, Allowance, Ending Balance	9,471	10,508
Financing Receivable, Collectively Evaluated for Impairment			689,192		627,687
Financing Receivable, Individually Evaluated for Impairment			40,006		54,145
Property total | General Reserve
Loans receivable allowance for loan losses	8,812	9,389	$ 8,812		$ 9,389
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	$ 8,812	$ 9,389

Loans Receivable_ Narratives (D

Loans Receivable: Narratives (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 14,000	$ 26,000
Loans and Leases Receivable, Ratio of Nonperforming Loans to All Loans	0.19%		0.18%
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0
Troubled Debt Restructuring Loans	39,000,000		$ 42,300,000
Troubled Debt Restructuring Commitment To Extend Additional Credit	0	0
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 495,000	$ 1
Minimum
Troubled Debt Restructuring, Interest Rate Concession Period	1 year	1 year	1 year
Maximum
Troubled Debt Restructuring, Interest Rate Concession Period	3 years	3 years	3 years

Loans Receivable_ Financing Rec

Loans Receivable: Financing Receivables, Aging of loans (Details) - USD ($)	Mar. 31, 2016		Dec. 31, 2015
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 0		$ 0
One-to-four family, residential, owner occupied
Total	1,287,000		1,161,000
Current	146,625,000		146,068,000
Total Loans	147,912,000	[1],[2]	147,229,000	[3],[4]
One to four family residential non owner occupied
Total	0		0
Current	108,905,000		106,543,000
Total Loans	108,905,000	[1],[2]	106,543,000	[3],[4]
Multifamily
Total	0		0
Current	141,235,000		133,388,000
Total Loans	141,235,000	[1],[2]	133,388,000	[3],[4]
Commercial Real Estate
Total	0		0
Current	273,646,000		252,501,000
Total Loans	273,646,000	[1],[2]	252,501,000	[3],[4]
Construction Land Development
Total	0		0
Current	44,980,000		43,172,000
Total Loans	44,980,000	[1],[2]	43,172,000	[3],[4]
Real Estate, Total
Total	1,287,000		1,161,000
Current	715,391,000		681,672,000
Total Loans	716,678,000	[1],[2]	682,833,000	[3],[4]
Business
Total	0		0
Current	6,548,000		7,604,000
Total Loans	6,548,000	[1],[2]	7,604,000	[3],[4]
Consumer
Total	122,000		97,000
Current	5,850,000		6,882,000
Total Loans	5,972,000	[1],[2]	6,979,000	[3],[4]
Property total
Total	1,409,000		1,258,000
Current	727,789,000		696,158,000
Total Loans	729,198,000	[1],[2],[5],[6]	697,416,000	[3],[4],[7],[8]
Financing Receivables, 30 to 59 Days Past Due [Member] | One-to-four family, residential, owner occupied
Total	481,000		678,000
Financing Receivables, 30 to 59 Days Past Due [Member] | One to four family residential non owner occupied
Total	0		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily
Total	0		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate
Total	0		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Land Development
Total	0		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate, Total
Total	481,000		678,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Business
Total	0		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer
Total	53,000		0
Financing Receivables, 30 to 59 Days Past Due [Member] | Property total
Total	534,000		678,000
Financing Receivables, 60 to 89 Days Past Due [Member] | One-to-four family, residential, owner occupied
Total	331,000		483,000
Financing Receivables, 60 to 89 Days Past Due [Member] | One to four family residential non owner occupied
Total	0		0
Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily
Total	0		0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate
Total	0		0
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Land Development
Total	0		0
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate, Total
Total	331,000		483,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Business
Total	0		0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer
Total	69,000		78,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Property total
Total	400,000		561,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One-to-four family, residential, owner occupied
Total	475,000		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One to four family residential non owner occupied
Total	0		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily
Total	0		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate
Total	0		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Land Development
Total	0		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate, Total
Total	475,000		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Business
Total	0		0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer
Total	0		19,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Property total
Total	$ 475,000		$ 19,000
[1]	Net of LIP.
[2]	There were no loans 90 days and greater past due and still accruing interest at March 31, 2016.
[3]	Net of LIP.
[4]	There were no loans 90 days and greater past due and still accruing interest at December 31, 2015.
[5]	Net of LIP.
[6]	Net of LIP.
[7]	Net of LIP.
[8]	Net of LIP.

Loans Receivable Loans Receivab

Loans Receivable Loans Receivable: Schedule of non accrual loans by type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 41,650	$ 54,903
Nonaccrual Loans, total	1,054		$ 1,085
One to Four Family
Nonaccrual Loans, total	985		996
Consumer
Nonaccrual Loans, total	$ 69		$ 89

Loans Receivable_ Financing R35

Loans Receivable: Financing Receivables, Summary of loans by type and risk category (Details) - USD ($)	Mar. 31, 2016		Dec. 31, 2015
One to four family residential
Financing Receivable, Net	$ 256,817,000		$ 253,772,000
Multifamily
Financing Receivable, Net	141,235,000	[1],[2]	133,388,000	[3],[4]
Commercial Real Estate
Financing Receivable, Net	273,646,000	[1],[2]	252,501,000	[3],[4]
Construction Land Development
Financing Receivable, Net	44,980,000	[1],[2]	43,172,000	[3],[4]
Business
Financing Receivable, Net	6,548,000	[1],[2]	7,604,000	[3],[4]
Consumer
Financing Receivable, Net	5,972,000	[1],[2]	6,979,000	[3],[4]
Property total
Financing Receivable, Net	729,198,000	[1],[2],[5],[6]	697,416,000	[3],[4],[7],[8]
One-to-four family, residential, owner occupied
Financing Receivable, Net	147,912,000	[1],[2]	147,229,000	[3],[4]
One to four family residential non owner occupied
Financing Receivable, Net	108,905,000	[1],[2]	106,543,000	[3],[4]
Performing Financing Receivable | One to four family residential
Financing Receivable, Net	255,832,000	[9]	252,776,000	[10]
Performing Financing Receivable | Multifamily
Financing Receivable, Net	141,235,000	[9]	133,388,000	[10]
Performing Financing Receivable | Commercial Real Estate
Financing Receivable, Net	273,646,000	[9]	252,501,000	[10]
Performing Financing Receivable | Construction Land Development
Financing Receivable, Net	44,980,000	[9]	43,172,000	[10]
Performing Financing Receivable | Business
Financing Receivable, Net	6,548,000	[9]	7,604,000	[10]
Performing Financing Receivable | Consumer
Financing Receivable, Net	5,903,000	[9]	6,890,000	[10]
Performing Financing Receivable | Property total
Financing Receivable, Net	728,144,000	[5],[9]	696,331,000	[8],[10]
Performing Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, Net	146,900,000		146,200,000
Performing Financing Receivable | One to four family residential non owner occupied
Financing Receivable, Net	108,900,000		106,500,000
Nonperforming Financing Receivable | One to four family residential
Financing Receivable, Net	985,000	[11]	996,000	[12]
Nonperforming Financing Receivable | Multifamily
Financing Receivable, Net	0	[11]	0	[12]
Nonperforming Financing Receivable | Commercial Real Estate
Financing Receivable, Net	0	[11]	0	[12]
Nonperforming Financing Receivable | Construction Land Development
Financing Receivable, Net	0	[11]	0	[12]
Nonperforming Financing Receivable | Business
Financing Receivable, Net	0	[11]	0	[12]
Nonperforming Financing Receivable | Consumer
Financing Receivable, Net	69,000	[11]	89,000	[12]
Nonperforming Financing Receivable | Property total
Financing Receivable, Net	1,054,000	[5],[11]	1,085,000	[8],[12]
Nonperforming Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, Net	985,000		996,000
Nonperforming Financing Receivable | One to four family residential non owner occupied
Financing Receivable, Net			0
Pass | One to four family residential
Financing Receivable, Net	250,241,000		247,239,000
Pass | Multifamily
Financing Receivable, Net	141,235,000		133,388,000
Pass | Commercial Real Estate
Financing Receivable, Net	269,359,000		248,196,000
Pass | Construction Land Development
Financing Receivable, Net	44,980,000		43,172,000
Pass | Business
Financing Receivable, Net	6,548,000		7,604,000
Pass | Consumer
Financing Receivable, Net	5,715,000		6,702,000
Pass | Property total
Financing Receivable, Net	718,078,000	[6]	686,301,000	[7]
Special Mention | One to four family residential
Financing Receivable, Net	3,903,000		3,840,000
Special Mention | Multifamily
Financing Receivable, Net	0		0
Special Mention | Commercial Real Estate
Financing Receivable, Net	3,791,000		3,809,000
Special Mention | Construction Land Development
Financing Receivable, Net	0		0
Special Mention | Business
Financing Receivable, Net	0		0
Special Mention | Consumer
Financing Receivable, Net	188,000		188,000
Special Mention | Property total
Financing Receivable, Net	7,882,000	[6]	7,837,000	[7]
Substandard | One to four family residential
Financing Receivable, Net	2,673,000		2,693,000
Substandard | Multifamily
Financing Receivable, Net	0		0
Substandard | Commercial Real Estate
Financing Receivable, Net	496,000		496,000
Substandard | Construction Land Development
Financing Receivable, Net	0		0
Substandard | Business
Financing Receivable, Net	0		0
Substandard | Consumer
Financing Receivable, Net	69,000		89,000
Substandard | Property total
Financing Receivable, Net	$ 3,238,000	[6]	$ 3,278,000	[7]
[1]	Net of LIP.
[2]	There were no loans 90 days and greater past due and still accruing interest at March 31, 2016.
[3]	Net of LIP.
[4]	There were no loans 90 days and greater past due and still accruing interest at December 31, 2015.
[5]	Net of LIP.
[6]	Net of LIP.
[7]	Net of LIP.
[8]	Net of LIP.
[9]	There were $146.9 million of owner-occupied one-to-four family residential loans and $108.9 million of non-owner occupied one-to-four family residential loans classified as performing.
[10]	There were $146.2 million of owner-occupied one-to-four family residential loans and $106.5 million of non-owner occupied one-to-four family residential loans classified as performing.
[11]	There were $985,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming.
[12]	There were $996,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming.

Loans Receivable_ Schedule of I

Loans Receivable: Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands		Mar. 31, 2016		Dec. 31, 2015		Mar. 31, 2015
Impaired Financing Receivable, Recorded Investment		$ 39,347	[1]	$ 42,557	[2]
One-to-four family, residential, owner occupied
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		2,575	[3]	3,169	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		2,856	[5]	3,441	[6]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		2,111	[3]	2,120	[4]
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		2,181	[5]	2,189	[6]
Impaired Financing Receivable, Related Allowance		76		85
Impaired Financing Receivable, Recorded Investment		4,686	[3]	5,289	[4]
Impaired Financing Receivable, Unpaid Principal Balance		5,037	[5]	5,630	[6]
One to four family residential non owner occupied
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		22,930	[3]	23,285	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		22,948	[5]	23,310	[6]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		5,652	[3]	7,521	[4]
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		5,704	[5]	7,573	[6]
Impaired Financing Receivable, Related Allowance		375		427
Impaired Financing Receivable, Recorded Investment		28,582	[3]	30,806	[4]
Impaired Financing Receivable, Unpaid Principal Balance		28,652	[5]	30,883	[6]
Multifamily
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		1,587		415	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		1,587		414	[4]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	[4]			1,180
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	[6]			1,180
Impaired Financing Receivable, Related Allowance		0		3		$ 21
Impaired Financing Receivable, Recorded Investment		1,587	[3]	1,595	[4]
Impaired Financing Receivable, Unpaid Principal Balance		1,587	[5]	1,594	[6]
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		2,257	[3]	2,675	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		2,335	[5]	2,857	[6]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		2,707	[3]	2,716	[4]
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		2,707	[5]	2,717	[6]
Impaired Financing Receivable, Related Allowance		170		178		393
Impaired Financing Receivable, Recorded Investment		4,964	[3]	5,391	[4]
Impaired Financing Receivable, Unpaid Principal Balance		5,042	[5]	5,574	[6]
Consumer
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		112	[3]	132	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		164	[5]	183	[6]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		75	[3]	76	[4]
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		75	[5]	76	[6]
Impaired Financing Receivable, Related Allowance		38		39
Impaired Financing Receivable, Recorded Investment		187	[3]	208	[4]
Impaired Financing Receivable, Unpaid Principal Balance		239	[5]	259	[6]
Construction Land Development
Impaired Financing Receivable, Related Allowance		0				0
Property total
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		29,461	[3]	29,676	[4]
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		29,890	[5]	30,205	[6]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		10,545	[3]	13,613	[4]
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		10,667	[5]	13,735	[6]
Impaired Financing Receivable, Related Allowance		659		732		$ 1,119
Impaired Financing Receivable, Recorded Investment		40,006	[3]	43,289	[4]
Impaired Financing Receivable, Unpaid Principal Balance		$ 40,557	[5]	$ 43,940	[6]
[1]	tal fair value of impaired loans is net of $659,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2015 Fair ValueMeasurements Quoted Prices inActive Marketsfor IdenticalAssets (Level 1) SignificantOtherObservableInputs (Level 2) SignificantUnobservableInputs(Level 3) (In thousands)Impaired loans (included in loans receivable, net) (1)$42,557 $— $— $42,557OREO 3,663 — — 3,663Total$46,220 $— $— $46,220
[2]	tal fair value of impaired loans is net of $732,000 of specific reserves on performing TDRs.
[3]	Represents the loan balance less charge-offs.
[4]	Represents the loan balance less charge-offs.
[5]	Contractual loan principal balance.
[6]	Contractual loan principal balance.

Loans Receivable_ Average Recor

Loans Receivable: Average Recorded Investment and Interest Income Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	$ 29,569	$ 37,345
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	449	548
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	12,081	17,558
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	148	241
Impaired Financing Receivable, Average Recorded Investment	41,650	54,903
Impaired Financing Receivable, Interest Income, Accrual Method	597	789
One-to-four family, residential, owner occupied
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,872	3,315
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	60	47
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	2,116	2,349
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	29	30
Impaired Financing Receivable, Average Recorded Investment	4,988	5,664
Impaired Financing Receivable, Interest Income, Accrual Method	89	77
One to four family residential non owner occupied
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	23,108	28,527
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	321	430
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	6,587	8,397
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	78	119
Impaired Financing Receivable, Average Recorded Investment	29,695	36,924
Impaired Financing Receivable, Interest Income, Accrual Method	399	549
Multifamily
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,001	842
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	27	0
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	590	2,167
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	0	33
Impaired Financing Receivable, Average Recorded Investment	1,591	3,009
Impaired Financing Receivable, Interest Income, Accrual Method	27	33
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,466	4,543
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	39	70
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	2,712	4,566
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	40	58
Impaired Financing Receivable, Average Recorded Investment	5,178	9,109
Impaired Financing Receivable, Interest Income, Accrual Method	79	128
Consumer Loan
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	122	118
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	2	1
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	76	79
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	1	1
Impaired Financing Receivable, Average Recorded Investment	198	197
Impaired Financing Receivable, Interest Income, Accrual Method	$ 3	$ 2

Loans Receivable_ Troubled Debt

Loans Receivable: Troubled Debt Restructurings on Financing Receivables (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)loan	Mar. 31, 2015USD ($)loan	Dec. 31, 2015USD ($)
Financing Receivable, Modifications, Recorded Investment	$ 39,000,000		$ 42,300,000
Troubled Debt Restructuring Commitment To Extend Additional Credit	$ 0	$ 0
Number of Loans | loan	2	4
Pre-Modifications Outstanding Recorded Investment	$ 1,053,000	$ 2,706,000
Post-Modifications Outstanding Recorded Investment	1,053,000	2,706,000
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$ 495,000	$ 1
One to four family residential [Member] | Principal and interest with interest rate concession and advancement of maturity date
Number of Loans | loan	1	0
Pre-Modifications Outstanding Recorded Investment	$ 558,000	$ 0
Post-Modifications Outstanding Recorded Investment	$ 558,000	$ 0
One to four family residential [Member] | Advancement of maturity date
Number of Loans | loan	0	2
Pre-Modifications Outstanding Recorded Investment	$ 0	$ 248,000
Post-Modifications Outstanding Recorded Investment	$ 0	$ 248,000
Commercial Real Estate | Interest-only payments with no interest rate concession
Number of Loans | loan	0	1
Pre-Modifications Outstanding Recorded Investment	$ 0	$ 2,004,000
Post-Modifications Outstanding Recorded Investment	$ 0	$ 2,004,000
Commercial Real Estate | Advancement of maturity date
Number of Loans | loan	0	1
Pre-Modifications Outstanding Recorded Investment	$ 0	$ 454,000
Post-Modifications Outstanding Recorded Investment	$ 0	$ 454,000
Commercial Real Estate | Advancement of maturity date
Number of Loans | loan	1	0
Pre-Modifications Outstanding Recorded Investment	$ 495,000	$ 0
Post-Modifications Outstanding Recorded Investment	$ 495,000	$ 0
Minimum [Member]
Troubled Debt Restructuring, Interest Rate Concession Period	1 year	1 year	1 year
Maximum [Member]
Troubled Debt Restructuring, Interest Rate Concession Period	3 years	3 years	3 years

Other Real Estate Owned - Other

Other Real Estate Owned - Other Real Estate, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 3,663	$ 9,283
Loans transferred to OREO	0	141
Gross proceeds from sale of OREO	(1)	(4,328)
(Gain) loss on sale of OREO property, net	1	529
Market value adjustments	(258)	(50)
Balance at end of period	$ 3,405	$ 5,575

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)property	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Dispositions of OREO, net	$ 1	$ 4,328
Other Real Estate Disposal Properties | property	1
Proceeds from sales of OREO properties	$ 1	4,328
Other Real Estate	3,405	$ 5,575	$ 3,663	$ 9,283
Commercial Real Estate
Other Real Estate	3,200
Construction Land Development
Other Real Estate	$ 164

Fair Value (Details)

Fair Value (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Specific reserves on performing TDRs	$ 659,000	$ 732,000
Loans Receivable
Fair value, option, methodology and assumptions	The fair value of impaired loans is calculated using the collateral value method or on a discounted cash flow basis. Inputs used in the collateral value method include appraised values, less estimated costs to sell. Some of these inputs may not be observable in the marketplace.

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investments, fair value disclosure	$ 135,133	$ 129,565
Mortgage-backed investments, Fannie Mae
Investments, fair value disclosure	50,767	50,321
Mortgage-backed investments, Freddie Mac
Investments, fair value disclosure	25,594	26,137
Mortgage-backed investments, Ginnie Mae
Investments, fair value disclosure	13,108	13,732
Municipal Bonds
Investments, fair value disclosure	13,688	12,064
US Government agencies
Investments, fair value disclosure	13,262	13,542
Corporate Bonds
Investments, fair value disclosure	18,714	13,769
Quoted Prices in Active Markets for Identical Assets (Level 1)
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Fannie Mae
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Freddie Mac
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Ginnie Mae
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal Bonds
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | US Government agencies
Investments, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate Bonds
Investments, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2)
Investments, fair value disclosure	135,133	129,565
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Fannie Mae
Investments, fair value disclosure	50,767	50,321
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Freddie Mac
Investments, fair value disclosure	25,594	26,137
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Ginnie Mae
Investments, fair value disclosure	13,108	13,732
Significant Other Observable Inputs (Level 2) | Municipal Bonds
Investments, fair value disclosure	13,688	12,064
Significant Other Observable Inputs (Level 2) | US Government agencies
Investments, fair value disclosure	13,262	13,542
Significant Other Observable Inputs (Level 2) | Corporate Bonds
Investments, fair value disclosure	18,714	13,769
Significant Unobservable Inputs (Level 3)
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Fannie Mae
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Freddie Mac
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Ginnie Mae
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Municipal Bonds
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | US Government agencies
Investments, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Corporate Bonds
Investments, fair value disclosure	$ 0	$ 0

Fair Value_ Schedule of balance

Fair Value: Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015		Mar. 31, 2015	Dec. 31, 2014
Impaired loans (included in loans receivable, net)	$ 39,347	[1]	$ 42,557	[2]
OREO	3,405		3,663		$ 5,575	$ 9,283
Total, Fair Value	42,752		46,220
Quoted Prices in Active Markets for Identical Assets (Level 1)
Impaired loans (included in loans receivable, net)	0	[1]	0	[2]
OREO	0		0
Total, Fair Value	0		0
Significant Other Observable Inputs (Level 2)
Impaired loans (included in loans receivable, net)	0	[1]	0	[2]
OREO	0		0
Total, Fair Value	0		0
Significant Unobservable Inputs (Level 3)
Impaired loans (included in loans receivable, net)	39,347	[1]	42,557	[2]
OREO	3,405		3,663
Total, Fair Value	$ 42,752		$ 46,220
[1]	tal fair value of impaired loans is net of $659,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2015 Fair ValueMeasurements Quoted Prices inActive Marketsfor IdenticalAssets (Level 1) SignificantOtherObservableInputs (Level 2) SignificantUnobservableInputs(Level 3) (In thousands)Impaired loans (included in loans receivable, net) (1)$42,557 $— $— $42,557OREO 3,663 — — 3,663Total$46,220 $— $— $46,220
[2]	tal fair value of impaired loans is net of $732,000 of specific reserves on performing TDRs.

Fair Value_ Schedule of quantit

Fair Value: Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis (Details) - Level 3 - Market Approach Valuation Technique - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Loans Receivable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value	$ 39,347	$ 42,557
Fair Value Measurements, Valuation Techniques	Market approach	Market approach
Unobservable Input(s)	Appraised value discounted by market or borrower conditions	Appraised value discounted by market or borrower conditions
Loans Receivable | Minimum
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Loans Receivable | Maximum
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	3.10%	2.10%
Loans Receivable | Weighted Average
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.02%	0.30%
Other Real Estate Owned
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value	$ 3,405	$ 3,663
Fair Value Measurements, Valuation Techniques	Market approach	Market approach
Unobservable Input(s)	Appraised value less selling costs	Appraised value less selling costs
Other Real Estate Owned | Minimum
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Other Real Estate Owned | Maximum
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	32.90%	13.60%
Other Real Estate Owned | Weighted Average
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	7.00%	1.00%

Fair Value_ Balance Sheet Group

Fair Value: Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investments available-for-sale	$ 135,133	$ 129,565
FHLB stock	4,831	6,137
Level 1
Cash on hand and in banks	6,552	5,713
Interest-earning deposits	21,706	99,998
Investments available-for-sale	0	0
Loans receivable, net	0	0
FHLB stock	0	0
Accrued interest receivable	0	0
Deposits	278,748	285,416
Certificates of deposit, retail	0	0
Certificates of deposit, brokered	0	0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Level 2
Cash on hand and in banks	0	0
Interest-earning deposits	0	0
Investments available-for-sale	135,133	129,565
Loans receivable, net	0	0
FHLB stock	4,831	6,137
Accrued interest receivable	3,114	2,968
Deposits	0	0
Certificates of deposit, retail	326,315	324,135
Certificates of deposit, brokered	66,670	66,947
Advances from the FHLB	91,830	125,466
Accrued interest payable	106	135
Level 3
Cash on hand and in banks	0	0
Interest-earning deposits	0	0
Investments available-for-sale	0	0
Loans receivable, net	736,420	693,480
FHLB stock	0	0
Accrued interest receivable	0	0
Deposits	0	0
Certificates of deposit, retail	0	0
Certificates of deposit, brokered	0	0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Carrying Value
Cash on hand and in banks	6,552	5,713
Interest-earning deposits	21,706	99,998
Investments available-for-sale	135,133	129,565
Loans receivable, net	717,483	685,072
FHLB stock	4,831	6,137
Accrued interest receivable	3,114	2,968
Deposits	278,748	285,416
Certificates of deposit, retail	324,196	323,840
Certificates of deposit, brokered	65,612	66,151
Advances from the FHLB	91,500	125,500
Accrued interest payable	106	135
Fair Value
Cash on hand and in banks	6,552	5,713
Interest-earning deposits	21,706	99,998
Investments available-for-sale	135,133	129,565
Loans receivable, net	736,420	693,480
FHLB stock	4,831	6,137
Accrued interest receivable	3,114	2,968
Deposits	278,748	285,416
Certificates of deposit, retail	326,315	324,135
Certificates of deposit, brokered	66,670	66,947
Advances from the FHLB	91,830	125,466
Accrued interest payable	$ 106	$ 135

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Total compensation expense	$ 93,000	$ 109,000
Compensation expense, related tax benefit	$ 32,000	$ 38,000
Number of shares remaining for grant	611,756
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Stock Options
Stock options granted (shares)	2,285,280
Award vesting period	5 years
Percentage vesting per annum	20.00%
Contractual life	10 years
Unrecognized compensation cost	$ 789,455
Unrecognized compensation cost recognition period	3 years 4 months 14 days
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Stock options granted (shares)	914,112
Award vesting period	5 years
Percentage vesting per annum	20.00%
Number of shares remaining for grant	74,478
Unrecognized compensation cost	$ 312,970
Unrecognized compensation cost recognition period	1 year 9 months 23 days
Restricted stock	0
Weighted average fair value for restricted stock granted

Stock-Based Compensation Disclo

Stock-Based Compensation Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding Beginning Balance, Shares | shares	884,260
Exercised, Shares | shares	(137,940)
Forfeited or expired, Shares | shares	(20,000)
Outstanding Ending Balance, Shares | shares	726,320	884,260
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding Beginning Balance, Weighted Average Exercise Price | $ / shares	$ 10.11
Exercised, Weighted Average Exercise Price | $ / shares	9.78
Forfeited or expired, Weighted Average Exercise Price | $ / shares	12.05
Outstanding Ending Balance, Weighted Average Exercise Price | $ / shares	$ 10.12	$ 10.11
Share-based Compensations Arrangement by Share-based Payment Award, Options Outstanding, Weighted Average Remaining Contractual Term [Roll Forward]
Outstanding Beginning Balance, Weighted Average Remaining Contractual Term	5 years 10 days
Outstanding Ending Balance, Weighted Average Remaining Contractual Term	5 years 10 days
Share-based Compensation Arrangement by Share-based Payment Award, Options Outstanding, Aggregate Intrinsic [Roll Forward]
Outstanding Beginning Balance, Aggregate Intrinsic Value | $
Exercised, Aggregate Intrinsic Value | $
Forfeited, Aggregate Intrinsic Value | $
Outstanding Ending Balance, Aggregate Intrinsic Value | $	$ 2,227,725
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vest, Shares | shares	719,060
Expected to Vest, Weighted Average Exercise Price | $ / shares	$ 10.11
Expected to Vest, Weighted Average Remaining Contractual Term in Years	5 years
Expected to Vest, Aggregate Intrinsic Value | $	$ 2,211,308
Exercisable at end of period, Shares | shares	484,320
Exercisable at end of period, Weighted Average Exercise Price | $ / shares	9.70
Exercisable at end of period, Weighted Average Remaining Contractual Term in Years	3 years 5 months 28 days
Exercisable at end of period, Aggregate Intrinsic Value | $	$ 1,680,485
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Estimated Forfeiture Rate	3.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Estimated Forfeiture Rate	3.00%
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Beginning Balance | shares	47,800
Granted, Shares | shares	0
Vested, Shares | shares	0
Nonvested Ending Balance | shares	47,800	47,800
Expected to vest assuming a 3% forfeiture rate over the vesting term, Shares | shares	46,366
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 8.95
Granted, Weighted Average Grant Date Fair Value | $ / shares
Vested, Weighted-Average Grant Date Fair Value | $ / shares
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 8.95	$ 8.95

Federal Income Taxes (Details)

Federal Income Taxes (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	29.50%
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	$ 1.4

Earnings Per Share_ Schedule 49

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 1,825	$ 2,229
Less: Earnings allocated to participating securities	(6)	(11)
Earnings allocated to common shareholders	$ 1,819	$ 2,218
Basic weighted average common shares outstanding	12,744,694	14,036,959
Dilutive stock options	144,521	139,817
Dilutive restricted stock grants	16,312	22,939
Diluted weighted average common shares outstanding	12,905,527	14,199,715
Basic earnings (loss) per share (in dollars per share)	$ 0.14	$ 0.16
Diluted earnings (loss) per share (in dollars per share)	$ 0.14	$ 0.16

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	60,000	225,000