First Financial Northwest (FFNW) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recent Accounting Pronouncements Adopted in 2020 In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820) - Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this ASU remove certain disclosure requirements regarding transfers between Level 1 and Level 2 of the fair value hierarchy and changes in unrealized gains and losses for recurring Level 3 fair value measurements. In addition, the amendments modified and added certain disclosure requirements for Level 3 fair value measurements. The Company adopted this ASU as of January 1, 2020, with no material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, was originally issued in June 2016 . This ASU replaces the existing incurred loss impairment methodology that recognizes credit losses when a probable loss has been incurred with new methodology where loss estimates are based upon lifetime expected credit losses. The amendments in this ASU require a financial asset that is measured at amortized cost to be presented at the net amount expected to be collected. The income statement would then reflect the measurement of credit losses for newly recognized financial assets as well as changes to the expected credit losses that have taken place during the reporting period. The measurement of expected credit losses will be based on historical information, current conditions, and reasonable and supportable forecasts that impact the collectability of the reported amount. Available-for-sale securities will bifurcate the fair value mark and establish an allowance for credit losses through the income statement for the credit portion of that mark. The interest portion will continue to be recognized through accumulated other comprehensive income or loss. The change in allowance recognized as a result of adoption will occur through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is adopted. This ASU is effective for smaller reporting companies, such as the Company, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating its current expected loss methodology on the loan and investment portfolios to identify the necessary modifications in accordance with this standard and expects a change in the processes and procedures to calculate the ALLL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to the ALLL or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings. ASU 2019-05 issued in April 2019 further provides that entities that have certain financial instruments measured at amortized cost that has credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective upon adoption of ASU 2016-13, and should be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. The Company is in the process of compiling historical and industry data that will be used to calculate expected credit losses on the loan portfolio to ensure that it is fully compliant with the ASU at the adoption date and is evaluating the potential impact adoption of this ASU will have on its consolidated financial statements. The Company intends to adopt ASU 2016-13 in the first quarter of 2023, and as a result, the ALLL may increase. Until the evaluation is complete, however, the magnitude of the increase will not be known. In April 2019, FASB issued ASU 2019-05, Financial Instruments--Credit Losses (Topic 326), Targeted Transition Relief. The amendments in this ASU provide entities that have certain financial instruments measured at amortized cost that have credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective when ASU 2016-13 is adopted, and will be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. Adoption of ASU 2019-05 is not expected to have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12). This ASU simplifies the accounting for income taxes by removing (i) the exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income or a gain from other items; (ii) the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, and (iii) the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company does not expect the adoption of ASU 2019-12 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting. This ASU applies to contracts, hedging relationships and other transactions that reference the London Inter-bank Offered Rate (“LIBOR”) or other rate references expected to be discontinued because of reference rate reform. The ASU permits an entity to make necessary modifications to eligible contracts or transactions without requiring contract remeasurement or reassessment of a previous accounting determination. For a cash flow hedge, a change in the method used to assess hedge effectiveness will not result in de-designation of the hedging relationship if certain criteria are met. This ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is party to cash flow hedge arrangements where the hedge effectiveness is based on LIBOR. The Company does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements.

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 04, 2020
Cover [Abstract]
Entity Registrant Name	FIRST FINANCIAL NORTHWEST, INC.
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Entity Central Index Key	0001401564
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,036,361
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
City Area Code	(425)
Local Phone Number	255-4400
Entity Address, Address Line One	201 Wells Avenue South
Entity Address, City or Town	Renton
Entity Address, Postal Zip Code	98057
Entity Address, State or Province	WA
Trading Symbol	FFNW
Document Transition Report	false
Document Quarterly Report	true
Title of 12(b) Security	Common Stock, $0.01 par value per share
Security Exchange Name	NASDAQ

FIRST FINANCIAL NORTHWEST, INC.

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash on hand and in banks	$ 7,688,000	$ 10,094,000
Interest-earning deposits	66,250,000	12,896,000
Investments available-for-sale, at fair value	128,874,000	136,601,000
Investments held-to-maturity	2,395,000	0
Loans receivable, net of allowance of $13,836 and $13,218	1,138,243,000	1,108,462,000
Federal Home Loan Bank ("FHLB") stock, at cost	6,410,000	7,009,000
Accrued interest receivable	4,981,000	4,138,000
Deferred tax assets, net	2,007,000	1,501,000
Other real estate owned ("OREO")	454,000	454,000
Premises and equipment, net	22,222,000	22,466,000
Bank owned life insurance ("BOLI"), net	32,561,000	31,982,000
Prepaid expenses and other assets	1,513,000	2,216,000
Right of use asset (“ROU”)	2,972,000	2,209,000
Goodwill	889,000	889,000
Core deposit intangible	896,000	968,000
Total assets	1,418,355,000	1,341,885,000
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	91,593,000	52,849,000
Interest-bearing deposits	1,034,575,000	980,685,000
Total deposits	1,126,168,000	1,033,534,000
FHLB advances	120,000,000	137,700,000
Advance payments from borrowers for taxes and insurance	2,475,000	2,921,000
Lease liability	3,070,000	2,279,000
Accrued interest payable	218,000	285,000
Other liabilities	12,448,000	8,847,000
Total liabilities	1,264,379,000	1,185,566,000
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 10,048,961 shares at June 30, 2020, and 10,252,953 shares at December 31, 2019	100,000	103,000
Additional paid-in capital	85,119,000	87,370,000
Retained earnings	75,181,000	73,321,000
Accumulated other comprehensive loss, net of tax	(3,885,000)	(1,371,000)
Unearned Employee Stock Ownership Plan ("ESOP") shares	(2,539,000)	(3,104,000)
Total stockholders' equity	153,976,000	156,319,000
Total liabilities and stockholders' equity	$ 1,418,355,000	$ 1,341,885,000
Preferred stock par value per share (in usd per share)	$ 0.01	$ 0.01
Loans receivable allowance for loan losses	$ 13,836,000	$ 13,218,000
Preferred stock shares authorized (in shares)	10,000,000	10,000,000
Preferred stock shares outstanding (in shares)	0	0
Preferred stock shares issued (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 outstanding (in shares)	10,048,961	10,252,953

FIRST FINANCIAL NORTHWEST, IN_2

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Loans receivable allowance for loan losses	$ 13,836	$ 13,218
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)	10,048,961	10,252,953
Common stock shares outstanding (in shares)	10,048,961	10,252,953

FIRST FINANCIAL NORTHWEST, IN_3

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Loans, including fees	$ 13,183,000	$ 13,606,000	$ 26,657,000	$ 26,887,000
Investments available-for-sale	796,000	1,109,000	1,715,000	2,268,000
Interest-earning deposits	8,000	48,000	37,000	88,000
Dividends on FHLB stock	81,000	102,000	157,000	193,000
Total interest income	14,077,000	14,865,000	28,577,000	29,436,000
Interest expense
Deposits	3,666,000	4,330,000	8,032,000	8,152,000
Borrowings	344,000	829,000	814,000	1,726,000
Total interest expense	4,010,000	5,159,000	8,846,000	9,878,000
Net interest income	10,067,000	9,706,000	19,731,000	19,558,000
Provision (recapture of provision) for loan losses	300,000	(800,000)	600,000	(400,000)
Net interest income after provision (recapture of provision) for loan losses	9,767,000	10,506,000	19,131,000	19,958,000
Noninterest income
(Gain) loss on sale of investments available-for-sale	69,000	0	69,000	(8,000)
BOLI income	254,000	189,000	509,000	458,000
Wealth management revenue	183,000	261,000	348,000	457,000
Deposit related fees	184,000	205,000	359,000	376,000
Loan related fees	97,000	209,000	489,000	272,000
Other	2,000	15,000	4,000	24,000
Total noninterest income	789,000	879,000	1,778,000	1,579,000
Noninterest expense
Salaries and employee benefits	4,801,000	4,734,000	10,013,000	9,734,000
Occupancy and equipment	1,031,000	898,000	2,103,000	1,764,000
Professional fees	455,000	326,000	885,000	822,000
Data processing	687,000	397,000	1,381,000	915,000
OREO related expenses, net	5,000	1,000	6,000	32,000
Regulatory assessments	127,000	136,000	271,000	273,000
Insurance and bond premiums	103,000	88,000	223,000	193,000
Marketing	29,000	76,000	93,000	162,000
Other general and administrative	706,000	627,000	1,236,000	1,097,000
Total noninterest expense	7,944,000	7,283,000	16,211,000	14,992,000
Income before federal income tax provision	2,612,000	4,102,000	4,698,000	6,545,000
Federal income tax provision	469,000	798,000	871,000	1,296,000
Net income	$ 2,143,000	$ 3,304,000	$ 3,827,000	$ 5,249,000
Earnings per common share
Basic earnings per share (in dollars per share)	$ 0.22	$ 0.33	$ 0.39	$ 0.52
Diluted earnings per share (in dollars per share)	$ 0.22	$ 0.33	$ 0.39	$ 0.52
Weighted average number of common shares outstanding
Basic shares outstanding (in shares)	9,808,854	9,952,419	9,852,544	10,034,895
Diluted shares outstanding (in shares)	9,819,664	10,046,355	9,890,239	10,132,107
Investments held-to-maturity	$ 2,395,000		$ 2,395,000
Interest Income, Debt Securities, Held-to-maturity	$ 9,000	$ 0	$ 11,000	$ 0

FIRST FINANCIAL NORTHWEST, IN_4

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 2,143	$ 3,304	$ 3,827	$ 5,249
Other comprehensive income (loss), before tax:
Unrealized holding gains on investments available-for-sale	1,821	1,423	1,494	2,399
Tax effect	(382)	(299)	(314)	(504)
Reclassification adjustment for net (gains) losses realized in income	(69)	0	(69)	8
Tax effect	14	0	14	(2)
Losses on cash flow hedges	(894)	(753)	(4,607)	(1,212)
Tax effect	188	158	968	255
Other comprehensive income (loss), net of tax	678	529	(2,514)	944
Total comprehensive income	$ 2,821	$ 3,833	$ 1,313	$ 6,193

FIRST FINANCIAL NORTHWEST, IN_5

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
Balances at beginning of period (in shares) at Dec. 31, 2018	10,710,656
Balances at beginning of period at Dec. 31, 2018	$ 153,738	$ 107	$ 93,773	$ 66,343	$ (2,253)	$ (4,232)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,249			5,249
Other comprehensive income, net of tax	$ 944				944
Issuance of common stock - restricted stock awards, net	16,698
Issuance of common stock - restricted stock awards, net	$ (93)		(93)
Compensation related to stock options and restricted stock awards	231		231
Allocation of ESOP shares	$ 887		323			564
Repurchase and retirement of common stock (in shares)	(346,100)
Repurchase and retirement of common stock	$ (5,512)	(3)	(5,509)
Canceled common stock - restricted stock awards (in shares)	(5,929)
Stock Canceled During Period, Value, Restricted Stock Award, Gross	$ 0
Cash dividend declared and paid	(1,703)			1,703
Reclassification To Accumulated Other Comprehensive, Tax Rate Change	87			(87)
Balances at end of period at Jun. 30, 2019	$ 153,828	104	88,725	69,976	(1,309)	(3,668)
Balances at end of period (in shares) at Jun. 30, 2019	10,375,325
Balances at beginning of period (in shares) at Mar. 31, 2019	10,457,625
Balances at beginning of period at Mar. 31, 2019	$ 151,684	104	89,800	67,568	(1,838)	(3,950)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,304			3,304
Other comprehensive income, net of tax	529				529
Compensation related to stock options and restricted stock awards	107		107
Allocation of ESOP shares	$ 442		160			282
Repurchase and retirement of common stock (in shares)	(82,300)
Repurchase and retirement of common stock	$ (1,342)	0	(1,342)
Cash dividend declared and paid	(896)			896
Balances at end of period at Jun. 30, 2019	$ 153,828	104	88,725	69,976	(1,309)	(3,668)
Balances at end of period (in shares) at Jun. 30, 2019	10,375,325
Balances at beginning of period (in shares) at Dec. 31, 2019	10,252,953
Balances at beginning of period at Dec. 31, 2019	$ 156,319	103	87,370	73,321	(1,371)	(3,104)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,827			3,827
Other comprehensive income, net of tax	$ (2,514)				(2,514)
Issuance of common stock - restricted stock awards, net	16,228
Issuance of common stock - restricted stock awards, net	$ (73)		(73)
Compensation related to stock options and restricted stock awards	142		142
Allocation of ESOP shares	$ 643		78			565
Repurchase and retirement of common stock (in shares)	(214,845)
Repurchase and retirement of common stock	$ (2,401)	(3)	(2,398)
Canceled common stock - restricted stock awards (in shares)	(5,375)
Stock Canceled During Period, Value, Restricted Stock Award, Gross	$ 0
Cash dividend declared and paid	(1,967)			1,967
Balances at end of period at Jun. 30, 2020	$ 153,976	100	85,119	75,181	(3,885)	(2,539)
Balances at end of period (in shares) at Jun. 30, 2020	10,048,961
Balances at beginning of period (in shares) at Mar. 31, 2020	10,184,411
Balances at beginning of period at Mar. 31, 2020	$ 153,092	102	86,357	74,017	(4,563)	(2,821)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,143			2,143
Other comprehensive income, net of tax	678				678
Compensation related to stock options and restricted stock awards	63		63
Allocation of ESOP shares	$ 261		(21)			282
Repurchase and retirement of common stock (in shares)	(135,450)
Repurchase and retirement of common stock	$ (1,282)	(2)	(1,280)
Cash dividend declared and paid	(979)			979
Balances at end of period at Jun. 30, 2020	$ 153,976	$ 100	$ 85,119	$ 75,181	$ (3,885)	$ (2,539)
Balances at end of period (in shares) at Jun. 30, 2020	10,048,961

FIRST FINANCIAL NORTHWEST, IN_6

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMETNS OF STOCKHOLDERS' EQUITY (PARENTHETICALS) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Dividends (usd per share)	$ 0.10	$ 0.09	$ 0.20	$ 0.17
Allocated shares	28,214	28,213	56,428	56,426

FIRST FINANCIAL NORTHWEST, IN_7

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 3,827,000	$ 5,249,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (recapture of provision) for loan losses	600,000	(400,000)
OREO market value adjustments	0	29,000
Net amortization of premiums and discounts on investments	430,000	401,000
(Gain) loss on sale of investments available-for-sale	69,000	(8,000)
Depreciation of premises and equipment	1,099,000	862,000
Deferred federal income taxes	162,000	214,000
Allocation of ESOP shares	643,000	887,000
Stock compensation expense	142,000	231,000
BOLI income	509,000	425,000
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses and other assets	349,000	(895,000)
Increase in ROU	(763,000)	(1,609,000)
Decrease in advance payments from borrowers for taxes and insurance	(446,000)	(89,000)
Increase in accrued interest receivable	(843,000)	(582,000)
Increase in lease liability	791,000	1,633,000
Decrease in accrued interest payable	(67,000)	(17,000)
Decrease in other liabilities	(580,000)	(1,571,000)
Net cash provided by operating activities	4,766,000	3,926,000
Cash flows from investing activities:
Proceeds from sales, calls and maturities of investments available-for-sale	9,567,000	2,995,000
Principal repayments on investments available-for-sale	6,152,000	2,604,000
Purchases of investments available-for-sale	(6,928,000)	(3,012,000)
Net increase in loans receivable	(30,381,000)	(29,372,000)
Net sale of FHLB stock	599,000	1,609,000
Purchase of premises and equipment	(855,000)	(1,475,000)
Purchase of BOLI	(70,000)	(1,457,000)
Net cash used by investing activities	(24,311,000)	(28,108,000)
Cash flows from financing activities:
Net increase in deposits	92,634,000	86,678,000
Advances from the FHLB	218,000,000	162,500,000
Purchase of investments held-to-maturity	(2,395,000)	0
Repayments of advances from the FHLB	(235,700,000)	(204,000,000)
Net share settlement of stock awards	(73,000)	(93,000)
Repurchase and retirement of common stock	(2,401,000)	(5,512,000)
Dividends paid	(1,967,000)	(1,703,000)
Net cash provided by financing activities	70,493,000	37,870,000
Cash and cash equivalents:
Net decrease in cash and cash equivalents	50,948,000	13,688,000
Cash and cash equivalents at beginning of period	22,990,000	17,010,000
Cash and cash equivalents at end of period	73,938,000	30,698,000
Cash paid during the period for:
Interest paid	8,913,000	9,895,000
Noncash transactions:
Change in unrealized loss on investments available-for-sale	1,425,000	2,407,000
Change in gain on cash flow hedge	(4,607,000)	(1,212,000)
Initial recognition of ROU	1,089,000	1,853,000
Initial recognition of lease liability	1,089,000	1,853,000
Settlement Receivable	0	277,000
Income Taxes Paid	$ 0	$ 1,435,000

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2020
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”). At June 30, 2020, First Financial Northwest Bank operated in thirteen locations in Washington with the headquarters and six retail branch locations in King County, five retail branch locations in Snohomish County and one retail branch in Pierce County. The Bank has received regulatory approval to open retail branches in Gig Harbor, in Pierce County, Washington, and in Issaquah, in King County, Washington. The Bank’s primary market area consists of King, Snohomish, Pierce and Kitsap counties, Washington. The Bank is a portfolio lender, originating and purchasing 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 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	6 Months Ended
	Jun. 30, 2020
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, 2019, as filed with the SEC (“2019 Form 10-K”). 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 six months ended June 30, 2020, are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. 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, the right-of-use asset and lease liability on our operating leases, 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 and purchasing loans for its portfolio. 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.

Investments

Investments	6 Months Ended
	Jun. 30, 2020
Investments [Abstract]
Investments	Investments Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2020 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 13,241 $ 527 $ (11) $ 13,757 Freddie Mac 4,151 203 — 4,354 Ginnie Mae 20,588 698 (10) 21,276 Other 11,007 128 (112) 11,023 Municipal bonds 13,503 684 (12) 14,175 U.S. Government agencies 43,652 64 (1,222) 42,494 Corporate bonds 22,001 114 (320) 21,795 Total $ 128,143 $ 2,418 $ (1,687) $ 128,874 December 31, 2019 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 15,605 $ 128 $ (104) $ 15,629 Freddie Mac 4,196 96 — 4,292 Ginnie Mae 23,239 140 (329) 23,050 Other 11,407 66 (25) 11,448 Municipal bonds 10,675 272 (36) 10,911 U.S. Government agencies 46,672 13 (935) 45,750 Corporate bonds 25,500 372 (351) 25,521 Total $ 137,294 $ 1,087 $ (1,780) $ 136,601 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: June 30, 2020 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ — $ — $ 1,393 $ (11) $ 1,393 $ (11) Freddie Mac — — — — — — Ginnie Mae 1,429 (10) — — 1,429 (10) Other — — 5,895 (112) 5,895 (112) Municipal bonds 1,628 (12) — — 1,628 (12) U.S. Government agencies 7,049 (235) 32,087 (987) 39,136 (1,222) Corporate bonds 5,942 (66) 3,746 (254) 9,688 (320) Total $ 16,048 $ (323) $ 43,121 $ (1,364) $ 59,169 $ (1,687) December 31, 2019 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 8,340 $ (104) $ — $ — $ 8,340 $ (104) Freddie Mac — — — — — — Ginnie Mae 156 — 12,921 (329) 13,077 (329) Other 2,843 (7) 6,000 (18) 8,843 (25) Municipal bonds 3,257 (36) — — 3,257 (36) U.S. Government agencies 12,266 (201) 31,490 (734) 43,756 (935) Corporate bonds 1,996 (12) 7,161 (339) 9,157 (351) Total $ 28,858 $ (360) $ 57,572 $ (1,420) $ 86,430 $ (1,780) 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. The Company had 26 securities and 37 securities in an unrealized loss position, respectively, with 16 and 18 of these securities in an unrealized loss position for 12 months or more, at June 30, 2020, and December 31, 2019, respectively. Management does not believe that any individual unrealized loss as of June 30, 2020, or December 31, 2019, represented OTTI. The decline in fair market value of these securities was generally due to changes in interest rates and changes in market-desired spreads subsequent to their purchase. Management also reviewed the financial condition of the entities issuing municipal or corporate bonds at June 30, 2020, and December 31, 2019, and determined that an OTTI charge was not warranted. The amortized cost and estimated fair value of investments available-for-sale at June 30, 2020, 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. June 30, 2020 Amortized Cost Fair Value (In thousands) Due within one year $ 498 $ 499 Due after one year through five years 6,538 6,561 Due after five years through ten years 18,392 18,242 Due after ten years 53,728 53,162 79,156 78,464 Mortgage-backed investments 48,987 50,410 Total $ 128,143 $ 128,874 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 50% of the public deposits held less the FDIC insured amount. Investment securities with market values of $19.5 million and $19.0 million were pledged as collateral for public deposits at June 30, 2020, and December 31, 2019, respectively, both of which exceeded the collateral requirements established by the Washington Public Deposit Protection Commission. For the three and six months ended June 30, 2020, there were $9.6 million in sales or maturities on investment securities generating a net gain of $69,000. For the three months ended June 30, 2019, there were no sales of investment securities. For the six months ended June 30, 2019, the Bank had calls and sales on investment securities of $3.0 million generating a net loss of $8,000. In January 2020, the Bank purchased three annuity contracts, totaling $2.4 million, to be held long-term to satisfy the benefit obligation associated with certain supplemental executive retirement plan agreements. The annuities are reported at amortized cost as investments held-to-maturity on the Company’s Consolidated Balance Sheet. The amortized cost is considered the fair value of the investment.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans Receivable	Loans Receivable Loans receivable are disclosed net of loans in process (“LIP”) and are summarized as follows at the dates indicated: June 30, 2020 December 31, 2019 (In thousands) One-to-four family residential: Permanent owner occupied $ 208,484 $ 210,898 Permanent non-owner occupied 173,729 161,630 382,213 372,528 Multifamily 159,371 172,915 Commercial real estate 390,750 395,152 Construction/land: One-to-four family residential 45,128 44,491 Multifamily 40,120 40,954 Commercial 6,134 19,550 Land 5,115 8,670 96,497 113,665 Business 86,070 37,779 Consumer 39,231 30,199 Total loans 1,154,132 1,122,238 Less: Deferred loan fees, net 2,053 558 ALLL 13,836 13,218 Loans receivable, net $ 1,138,243 $ 1,108,462 At June 30, 2020, loans totaling $496.3 million were pledged to secure borrowings from the FHLB compared to $506.7 million at December 31, 2019. In addition, loans totaling $133.0 million and $130.3 million were pledged to the Federal Reserve Bank of San Francisco to secure a line of credit at June 30, 2020 and December 31, 2019, respectively. Credit Quality Indicators . The Company assigns a risk rating to all credit exposures based on a risk rating system designed to define the basic characteristics and identified risk elements of each credit extension. The Company utilizes a nine point risk rating system. A description of the general characteristics of the risk grades is as follows: • Grades 1 through 5: These grades are considered to be “pass” credits. These include assets where there is limited credit risk, such as cash secured loans with funds on deposit with the Bank. 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. • Grade 6: These credits, classified as “special mention”, 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. If left uncorrected, these potential weaknesses may result in deterioration in the Company’s credit position at a future date. • Grade 7: These credits, classified as “substandard”, present a distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. These credits have well defined weaknesses which jeopardize the orderly liquidation of the debt and are inadequately protected by the current net worth and payment capacity of the borrower or of any collateral pledged. • Grade 8: These credits are classified as “doubtful” and possess well defined weaknesses which make the full collection or liquidation of the loan highly questionable and improbable. This classification is used where significant risk exposures are perceived but the exact amount of the loss cannot yet be determined due to pending events. • Grade 9: Assets classified as “loss” are considered uncollectible and cannot be justified as a viable asset for the Company. There is little or no prospect of near term recovery and no realistic strengthening action of significance is pending. As of June 30, 2020, and December 31, 2019, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2020, and December 31, 2019 by type and risk category: June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 381,067 $ 157,267 $ 374,614 $ 96,497 $ 86,070 $ 39,231 $ 1,134,746 Special mention 527 — 16,136 — — — 16,663 Substandard 619 2,104 — — — — 2,723 Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 December 31, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 371,363 $ 170,810 $ 394,627 $ 101,141 $ 37,779 $ 30,199 $ 1,105,919 Special mention 536 2,105 525 12,524 — — 15,690 Substandard 629 — — — — — 629 Total loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238 ALLL . When the Company classifies problem assets as either substandard or doubtful, pursuant to Federal regulations, or identifies a loan where it is uncertain if the Bank will be able to collect all amounts due according to the contractual terms of the loan, it may establish a specific reserve in an amount deemed prudent to address the risk specifically. General allowances represent loss allowances which have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been specifically allocated to the particular problem assets. When an insured institution classifies problem assets as a loss, pursuant to Federal regulations, it is required to charge-off such assets in the period in which they are deemed uncollectible. The determination as to the classification of the Company’s assets and the amount of valuation allowances is subject to review by bank regulators, who can require the establishment of additional allowances for loan losses. At June 30, 2020, total loans receivable included $51.7 million of loans originated under the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”). PPP loans are 100% guaranteed by the SBA. Although these loans were included in the population of loans collectively evaluated for impairment, no general reserve was allocated to them as these loans are 100% guaranteed by the SBA. Loan grades are used by the Company to identify and track potential problem loans which do not rise to the levels described for substandard, doubtful, or loss. The grades for watch and special mention are assigned to loans which have been criticized based upon known characteristics such as periodic payment delinquency, failure to comply with contractual terms of the loan or stale financial information from the borrower and/or guarantors. Loans identified as criticized (watch and special mention) or classified (substandard, doubtful or loss) are subject to problem loan reporting every three months. 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 June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,055 $ 1,658 $ 4,693 $ 2,143 $ 1,074 $ 907 $ 13,530 Recoveries 6 — — — — — 6 Provision (Recapture) 73 (99) 156 114 (9) 65 300 Ending balance $ 3,134 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,836 At or For the Six Months Ended June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 Recoveries 18 — — — — — 18 Provision (Recapture) 82 (48) 290 35 (75) 316 600 Ending balance $ 3,134 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,836 ALLL by category: General reserve $ 3,119 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,821 Specific reserve 15 — — — — — 15 Loans: Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 Loans collectively evaluated for impairment (1) 379,130 157,267 373,877 96,497 86,070 39,231 1,132,072 Loans individually evaluated for impairment (2) 3,083 2,104 16,873 — — — 22,060 ____________ (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. At or For the Three Months Ended June 30, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,032 $ 1,579 $ 4,809 $ 3,132 $ 1,030 $ 226 $ 13,808 Recoveries 4 45 — — — — 49 Provision (recapture) 49 19 (202) (861) 90 105 (800) Ending balance $ 3,085 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,057 At or For the Six Months Ended June 30, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,387 $ 1,680 $ 4,777 $ 2,331 $ 936 $ 236 $ 13,347 Recoveries 28 45 — — — 37 110 (Recapture) provision (330) (82) (170) (60) 184 58 (400) Ending balance $ 3,085 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,057 ALLL by category: General reserve $ 3,047 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,019 Specific reserve 38 — — — — — 38 Loans: Total loans $ 361,256 $ 161,460 $ 384,202 $ 105,134 $ 36,358 $ 17,891 $ 1,066,301 Loans collectively evaluated for impairment (1) 356,558 161,460 382,061 93,551 36,358 17,848 1,047,836 Loans individually evaluated for impairment (2) 4,698 — 2,141 11,583 — 43 18,465 _____________ (1) Loans collectively evaluated for general reserves. (2) 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 June 30, 2020, past due loans were 0.18% of total loans receivable. In comparison, past due loans were 0.19% of total loans receivable at December 31, 2019. The following tables represent a summary of the aging of loans by type at the dates indicated: Loans Past Due as of June 30, 2020 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 208,484 $ 208,484 Non-owner occupied — — — — 173,729 173,729 Multifamily — — 2,104 2,104 157,267 159,371 Commercial real estate — — — — 390,750 390,750 Construction/land — — — — 96,497 96,497 Total real estate — — 2,104 2,104 1,026,727 1,028,831 Business — — — — 86,070 86,070 Consumer 9 — — 9 39,222 39,231 Total loans $ 9 $ — $ 2,104 $ 2,113 $ 1,152,019 $ 1,154,132 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at June 30, 2020. Loans Past Due as of December 31, 2019 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 79 $ — $ — $ 79 $ 210,819 $ 210,898 Non-owner occupied — — — — 161,630 161,630 Multifamily 2,105 — — 2,105 170,810 172,915 Commercial real estate — — — — 395,152 395,152 Construction/land — — — — 113,665 113,665 Total real estate 2,184 — — 2,184 1,052,076 1,054,260 Business — — — — 37,779 37,779 Consumer — — — — 30,199 30,199 Total loans $ 2,184 $ — $ — $ 2,184 $ 1,120,054 $ 1,122,238 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2019. Nonperforming Loans. When a loan becomes 90 days past due, the Bank generally places the loan on nonaccrual status. Loans may be placed on nonaccrual status prior to being 90 days past due if there is an identified problem that indicates the borrower is unable to meet their scheduled payment obligations. The following table is a summary of nonaccrual loans by loan type at the dates indicated: June 30, 2020 December 31, 2019 (In thousands) One-to-four family residential $ 87 $ 95 Multifamily 2,104 — Total nonaccrual loans $ 2,191 $ 95 During the three and six months ended June 30, 2020, interest income that would have been recognized had these nonaccrual loans been performing in accordance with their original terms was $26,000 and $36,000. For the three and six months ended June 30, 2019, foregone interest on nonaccrual loans was $2,000 and $9,000, respectively. The following tables summarize the loan portfolio by type and payment status at the dates indicated: June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 382,126 $ 157,267 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,151,941 Nonperforming (2) 87 2,104 — — — — 2,191 Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 _____________ (1) There were $208.4 million of owner-occupied one-to-four family residential loans and $173.7 million of non-owner occupied one-to-four family residential loans classified as performing. (2) The $87,000 one-to-four family residential loan classified as nonperforming is owner-occupied. December 31, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 372,433 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,143 Nonperforming (2) 95 — — — — — 95 Total loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238 _____________ (1) There were $210.8 million of owner-occupied one-to-four family residential loans and $161.6 million of non-owner occupied one-to-four family residential loans classified as performing. (2) The $95,000 one-to-four family residential loan classified as nonperforming is owner-occupied. 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 or the borrower failing to comply with contractual terms of the loan. At June 30, 2020, there were no commitments to advance funds related to impaired loans. At December 31, 2019, there was $3.1 million committed to be advanced on an impaired $12.5 million construction/land loan. During the six months ended June 30, 2020, this construction/land loan became fully funded and was reclassified as a permanent commercial real estate loan with a $15.7 million principal balance at June 30, 2020. The Bank authorized completion of the loan funding because it determined that it was in the Bank’s best interest to finalize the construction project. At June 30, 2020, the loan is well collateralized and the Bank currently does not expect to incur a loss. The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: June 30, 2020 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 425 $ 572 $ — Non-owner occupied 1,190 1,191 — Multifamily 2,104 2,104 — Commercial real estate 16,873 16,873 — Total 20,592 20,740 — Loans with an allowance: One-to-four family residential: Owner occupied 502 549 9 Non-owner occupied 966 966 6 Total 1,468 1,515 15 Total impaired loans: One-to-four family residential: Owner occupied 927 1,121 9 Non-owner occupied 2,156 2,157 6 Multifamily 2,104 2,104 — Commercial real estate 16,873 16,873 — Total $ 22,060 $ 22,255 $ 15 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2019 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 437 $ 582 $ — Non-owner occupied 1,486 1,486 — Multifamily 2,105 2,105 — Commercial real estate 1,266 1,266 — Construction/land 12,524 15,650 — Total 17,818 21,089 — Loans with an allowance: One-to-four family residential: Owner occupied 505 552 13 Non-owner occupied 1,647 1,647 18 Total 2,152 2,199 31 Total impaired loans: One-to-four family residential: Owner occupied 942 1,134 13 Non-owner occupied 3,133 3,133 18 Multifamily 2,105 2,105 — Commercial real estate 1,266 1,266 — Construction/land 12,524 15,650 — Total $ 19,970 $ 23,288 $ 31 _________________ (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 and six months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 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 $ 427 $ 8 $ 430 $ 22 Non-owner occupied 1,240 19 1,322 45 Multifamily 2,104 46 2,104 140 Commercial real estate 9,065 203 6,465 450 Construction/land 7,825 — 9,391 — Total 20,661 276 19,712 657 Loans with an allowance: One-to-four family residential: Owner occupied 503 7 503 18 Non-owner occupied 1,302 15 1,417 35 Total 1,805 22 1,920 53 Total impaired loans: One-to-four family residential: Owner occupied 930 15 933 40 Non-owner occupied 2,542 34 2,739 80 Multifamily 2,104 46 2,104 140 Commercial real estate 9,065 203 6,465 450 Construction/land 7,825 — 9,391 — Total $ 22,466 $ 298 $ 21,632 $ 710 Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 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 $ 843 $ 15 $ 998 $ 30 Non-owner occupied 1,863 26 2,034 52 Commercial real estate 2,149 38 2,265 76 Construction/land 5,792 228 3,861 368 Consumer 44 1 58 2 Total 10,691 308 9,216 528 Loans with an allowance: One-to-four family residential: Owner occupied 510 9 511 17 Non-owner occupied 2,015 22 2,385 45 Commercial real estate — — 80 — Total 2,525 31 2,976 62 Total impaired loans: One-to-four family residential: Owner occupied 1,353 24 1,509 47 Non-owner occupied 3,878 48 4,419 97 Commercial real estate 2,149 38 2,345 76 Construction/land 5,792 228 3,861 368 Consumer 44 1 58 2 Total $ 13,216 $ 339 $ 12,192 $ 590 Troubled Debt Restructurings. Certain loan modifications are accounted for as troubled debt restructured loans (“TDRs”). At June 30, 2020, the TDR portfolio totaled $4.3 million. At December 31, 2019, the TDR portfolio totaled $5.2 million. At both dates, all TDRs were performing according to their modified repayment terms. At June 30, 2020, 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 as part of the calculation of the ALLL. No loans accounted for as TDRs were charged-off to the ALLL for the three and six months ended June 30, 2020 and 2019. The Coronavirus Aid, Relief, and Economic Security Act of 2020 ("CARES Act"), signed into law on March 27, 2020, provided guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. To qualify as an eligible loan under the CARES Act, a loan modification must be (1) related to the COVID-19 pandemic; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (A) 60 days after the date of termination of the National Emergency by the President or (B) December 31, 2020. At June 30, 2020, total loans receivable included $132.1 million of loans that had been granted short term deferrals under the CARES Act. For additional information on these deferrals, see “Item 1. Management’s Discussion and Analysis of Financial Condition and Results of Operations, COVID - 19 Related Information.” There were no TDR modifications during the three and six months ended June 30, 2020, or for the three months ended June 30, 2019. The following table presents TDR modifications for the six months ended June 30, 2019, and their recorded investment prior to and after the modification: Six Months Ended June 30, 2019 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in thousands) One-to-four family residential Principal and interest with interest rate concession and advancement of maturity date 6 $ 824 $ 824 Advancement of maturity date 3 694 694 Total 9 $ 1,518 $ 1,518

Other Real Estate Owned

Other Real Estate Owned	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance at beginning of period $ 454 $ 454 $ 454 $ 483 Market value adjustments — — — (29) Balance at end of period $ 454 $ 454 $ 454 $ 454 For the three and six months ended June 30, 2020, there were no OREO properties sold and no market value adjustments taken on the properties in OREO. For the three and six months ended June 30, 2019, there were no OREO properties sold and $29,000 in market value adjustments on OREO properties. OREO at June 30, 2020, consisted of $454,000 in commercial real estate properties. At June 30, 2020, there was a $2.1 million multifamily loan and no one-to-four family residential loans for which formal foreclosure proceedings were in process.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value	Fair Value 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 Company used the following methods to measure fair value on a recurring or nonrecurring basis: • 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. • Impaired loans: The fair value of impaired loans is measured using the present value of expected future cash flows discounted at the loan’s effective interest rate. When the sole source of repayment of the loan is the operation or liquidation of the collateral, the fair value is determined using the observable market price less certain completion costs and completion costs. • OREO: The fair value of OREO properties is measured at the lower of the carrying amount or fair value, less 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 costs to sell, an impairment loss is recognized. • Derivatives: The fair value of derivatives is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. The tables below present the balances of assets and liabilities measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at June 30, 2020 and December 31, 2019: Fair Value Measurements at June 30, 2020 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) Assets: Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 13,757 $ — $ 13,757 $ — Freddie Mac 4,354 — 4,354 — Ginnie Mae 21,276 — 21,276 — Other 11,023 — 11,023 — Municipal bonds 14,175 — 14,175 — U.S. Government agencies 42,494 — 42,494 — Corporate bonds 21,795 — 21,795 — Total available-for-sale investments 128,874 — 128,874 — Liabilities: Derivative fair value liability 4,181 — 4,181 — Fair Value Measurements at December 31, 2019 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 $ 15,629 $ — $ 15,629 $ — Freddie Mac 4,292 — 4,292 — Ginnie Mae 23,050 — 23,050 — Other 11,448 — 11,448 — Municipal bonds 10,911 — 10,911 — U.S. Government agencies 45,750 — 45,750 — Corporate bonds 25,521 — 25,521 — Total available-for-sale investments 136,601 — 136,601 — Derivative fair value asset 426 — 426 — Total $ 137,027 $ — $ 137,027 $ — 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 June 30, 2020, and December 31, 2019: Fair Value Measurements at June 30, 2020 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 22,045 $ — $ — $ 22,045 OREO 454 — — 454 Total $ 22,499 $ — $ — $ 22,499 _____________ (1) Total fair value of impaired loans is net of $15,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2019 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 19,939 $ — $ — $ 19,939 OREO 454 — — 454 Total $ 20,393 $ — $ — $ 20,393 _____________ (1) Total fair value of impaired loans is net of $31,000 of specific reserves on performing TDRs. The fair value of impaired loans reflects the exit price and 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. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019: June 30, 2020 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 22,045 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) OREO $ 454 Market approach Appraised value less selling costs 0.0% (0.0%) December 31, 2019 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 19,939 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) OREO $ 454 Market approach Appraised value less selling costs 0.0% (0.0%) The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: June 30, 2020 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 $ 7,688 $ 7,688 $ 7,688 $ — $ — Interest-earning deposits with banks 66,250 66,250 66,250 — — Investments available-for-sale 128,874 128,874 — 128,874 — Investments held-to-maturity 2,395 2,395 — 2,395 — Loans receivable, net 1,138,243 1,127,096 — — 1,127,096 FHLB stock 6,410 6,410 — 6,410 — Accrued interest receivable 4,981 4,981 — 4,981 — Financial Liabilities: Deposits 643,233 643,233 643,233 — — Certificates of deposit, retail 450,487 462,258 — 462,258 — Certificates of deposit, brokered 32,448 33,023 — 33,023 — Advances from the FHLB 120,000 124,271 — 124,271 — Accrued interest payable 218 218 — 218 — Derivative fair value liability 4,181 4,181 — 4,181 — December 31, 2019 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 $ 10,094 $ 10,094 $ 10,094 $ — $ — Interest-earning deposits with banks 12,896 12,896 12,896 — — Investments available-for-sale 136,601 136,601 — 136,601 — Loans receivable, net 1,108,462 1,096,499 — — 1,096,499 FHLB stock 7,009 7,009 — 7,009 — Accrued interest receivable 4,138 4,138 — 4,138 — Derivative fair value asset 426 426 — 426 — Financial Liabilities: Deposits 513,959 513,959 513,959 — — Certificates of deposit, retail 425,103 430,418 — 430,418 — Certificates of deposit, brokered 94,472 94,556 — 94,556 — Advances from the FHLB 137,700 137,706 — 137,706 — Accrued interest payable 285 285 — 285 —

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases The Company adopted ASU 2016-02 and ASU 2018-11 using the modified retrospective approach with an effective date of January 1, 2019, and recognized on the consolidated balance sheets a ROU included in prepaid expenses and other assets and lease liabilities included in other liabilities. At June 30, 2020, the Company had 12 operating leases for retail branch locations. The remaining lease terms range from two months to 5.2 years, with most leases carrying optional extensions of 3-5 years. The Company will include optional lease term extensions in the ROU and lease liabilities when management believes it is reasonably certain that the term extension will be exercised, and will be determined based on indicators that the Company would have an economic incentive to extend the lease. The Company has elected to not apply ASU 2016-02 to short term leases, which are those that have a term of one year or less. To calculate the present value of lease payments not yet paid, the Company uses the incremental borrowing rate, which is equal to the FHLB advance rate for the remaining term of the lease that was in place at January 1, 2019, or for leases added after that date, at the time of lease inception. The minimum monthly lease payments are generally based on square footage of the leased premises, with escalating minimum rent over the lease term. At June 30, 2020, the Company was committed to paying $57,000 per month in minimum monthly lease payments. The minimum monthly lease payment over the initial lease term, including any free rent period, was used to calculate the ROU and lease liability. The Company’s current leases do not include any non-lease components. Total lease expense included in the Company’s Consolidated Income Statements for the three and six months ended June 30, 2020 was $218,000 and $443,000, respectively, and for the three and six months ended June 30, 2019 was $169,000 and $344,000, respectively. Lease expense includes the amortized lease expense under ASU 2016-02 combined with variable lease expenses for maintenance or other expenses as defined in the individual lease agreements. At June 30, 2020, the ROU had a balance of $2.97 million and the lease liability had a balance of $3.07 million on the Company’s consolidated balance sheet and is amortizing over a weighted-average remaining term of 7.4 years. The weighted-average discount rate used to calculate the present value of future minimum lease payments was 2.56% at June 30, 2020. The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2020 and the discounted lease liability at that date: June 30, 2020 (in thousands) Due through one year $ 618 Due after one year through two years 503 Due after two years through three years 467 Due after three years through four years 392 Due after four years through five years 297 Due after five years 1,089 Total minimum lease payments 3,366 Less: present value discount (296) Lease liability $ 3,070

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivatives The Company uses derivative financial instruments, in particular, interest rate swaps, which qualify as cash flow hedges, to manage the risk of changes in future cash flows due to interest rate fluctuations. At June 30, 2020, the Company held six interest rate swap agreements with initial terms of four to eight years, and total notional amount of $120.0 million. In addition, at that date, the Company held two forward-starting interest rate swap agreements with terms of seven and eight years and a total notional amount of $25.0 million. Under the current agreements, the Company pays a weighted-average fixed interest rate of 1.22% monthly and in exchange receives variable rate amounts from the interest rate swap counter party based on 1-month or 3-month LIBOR, based on the swap agreement’s stated rate reset date. On the forward-starting agreements, the Company will pay a weighted average fixed rate of 0.80% and in exchange receives variable rate amounts from the interest rate swap counter party based on 3-month LIBOR. Concurrent with each interest rate swap start dates, the Company secured fixed rate FHLB advances, for the notional amount of the swap, that reset at 1-month or 3-month cycles based on the rate reset dates of the interest rate swap agreement. The Company pays or receives the net interest to the counter party amount monthly or quarterly, based on the respective hedge agreement, and includes this amount as part of its interest expense on the Consolidated Income Statement. Quarterly, the effectiveness evaluation is based upon the fluctuation of the interest the Company pays to the FHLB for the hedge instruments as compared to the one-month or three-month LIBOR interest received from the counterparty. At June 30, 2020, the net fair value loss of the cash flow hedges of $4.2 million was reported with other liabilities. The tax effected amount of $3.3 million was included in Accumulated Other Comprehensive Loss. There were no amounts recorded in the Consolidated Income Statements for the quarters ended June 30, 2020 or 2019, related to ineffectiveness. Fair value for these derivative instruments, which generally changes as a result of changes in the level of market interest rates, is estimated based on dealer quotes and secondary market sources. The following table presents the fair value of these derivative instruments as of June 30, 2020 and December 31, 2019: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt (Other liabilities) $ (4,181) $ 426 Total derivatives $ (4,181) $ 426 The following table presents the net unrealized gains and losses from these derivative instruments included on the Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ (706) $ (595) $ (3,639) $ 664

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation In June 2016, First Financial Northwest’s shareholders approved the First Financial Northwest, Inc. 2016 Equity Incentive Plan (“2016 Plan”). This plan provides for the granting of incentive stock options (“ISO”), non-qualified stock options (“NQSO”), restricted stock and restricted stock units until June 2026. The 2016 Plan established 1,400,000 shares available to grant with a maximum of 400,000 of these shares available to grant as restricted stock awards. Each share issued as a restricted stock award counts as two shares towards the total shares available to award. Under the 2016 Plan, the vesting date for each option award or restricted stock award is determined by an award committee and specified in the award agreement. In the case of restricted stock awards granted in lieu of cash payments of directors’ fees, the grant date is used as the vesting date unless the award agreement provides otherwise. As a result of the approval of the 2016 Plan, the First Financial Northwest, Inc. 2008 Equity Incentive Plan (“2008 Plan”) was frozen and no additional awards will be made. At June 30, 2020, there were no unvested shares of restricted stock awards under the 2008 Plan. At this date, there were 8,000 stock options granted under the 2008 Plan that are expected to vest and be available for exercise, and an additional 305,000 stock options from the 2008 Plan were vested and available for exercise at June 30, 2020, subject to the 2008 Plan provisions. At June 30, 2020, there were 1,207,658 total shares available for grant under the 2016 Plan, including 303,829 shares available to be granted as restricted stock. For the three months ended June 30, 2020 and 2019, total compensation expense for both the 2008 and 2016 Plans was $63,000 and $107,000, respectively, and the related income tax benefit was $13,000 and $22,000, respectively. For the six months ended June 30, 2020 and 2019, total compensation expense for both the 2008 and 2016 Plans was $142,000 and $231,000, respectively, and the related income tax benefit was $30,000 and $48,000, respectively. Stock Options Under the 2008 Plan, stock option awards were 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 ten ten Under the 2016 Plan, the exercise price and vesting period for stock options are determined by the award committee and specified in the award agreement, however, the exercise price shall not be less than the fair market value of a share as of the grant date. Any unexercised stock option will expire 10 years after the award date or sooner in the event of the award recipient’s death, disability, retirement, or termination of service. 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. Under certain conditions, a cashless exercise of vested stock options may occur by the option holder surrendering the number of options valued at the current stock price at the time of exercise to cover the total cost to exercise. The surrendered options are canceled and are unavailable for reissue. A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2020, follows: For the Three Months Ended June 30, 2020 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2020 313,000 $ 10.34 $ 72,550 $ 3.69 Outstanding at June 30, 2020 313,000 10.34 3.48 136,300 3.69 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 312,760 10.34 3.48 136,300 3.69 Exercisable at June 30, 2020 305,000 10.27 3.43 136,300 3.66 For the Six Months Ended June 30, 2020 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at January 1, 2020 313,000 $ 10.34 $ 1,440,310 $ 3.69 Outstanding at June 30, 2020 313,000 10.34 3.48 136,300 3.69 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 312,760 10.34 3.48 136,300 3.69 Exercisable at June 30, 2020 305,000 10.27 3.43 136,300 3.66 As of June 30, 2020, there was $14,000 of total unrecognized compensation cost related to nonvested stock options granted under the 2008 Plan. The cost is expected to be recognized over the remaining five months weighted-average vesting period. There were no stock options granted during the six months ended June 30, 2020. Restricted Stock Awards The 2016 Plan authorizes the grant of restricted stock awards subject to vesting periods or terms as defined by the award committee and specified in the award agreement. Restricted stock awards granted in lieu of cash payments for directors’ fees are subject to immediate vesting on the grant date unless the award agreement provides otherwise. A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2020, follows: For the Three Months Ended June 30, 2020 Shares Weighted-Average Nonvested at April 1, 2020 16,228 $ 13.61 Nonvested at June 30, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61 For the Six Months Ended June 30, 2020 Shares Weighted-Average Nonvested at January 1, 2020 16,698 $ 16.53 Granted 16,228 13.61 Vested (16,698) 16.53 Nonvested at June 30, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
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. 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands, except share data) Net income $ 2,143 $ 3,304 $ 3,827 $ 5,249 Less: Earnings allocated to participating securities (3) (5) (6) (8) Earnings allocated to common shareholders $ 2,140 $ 3,299 $ 3,821 $ 5,241 Basic weighted average common shares outstanding 9,808,854 9,952,419 9,852,544 10,034,895 Dilutive stock options 10,810 91,000 34,305 90,372 Dilutive restricted stock grants — 2,936 3,390 6,840 Diluted weighted average common shares outstanding 9,819,664 10,046,355 9,890,239 10,132,107 Basic earnings per share $ 0.22 $ 0.33 $ 0.39 $ 0.52 Diluted earnings per share $ 0.22 $ 0.33 $ 0.39 $ 0.52

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition In accordance with Topic 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Company expects to be entitled to receive. To determine the appropriate recognition of revenue for transactions within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with the customer; (ii) identify the separate performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the separate performance obligations in the contract; and (v) recognize revenue when the entity satisfies a performance obligation. A contract may not exist if there are doubts as to collectability of the amounts the Company is entitled to in exchange for the goods or services transferred. If a contract is determined to be within the scope of Topic 606, the Company recognizes revenue as it satisfies a performance obligation. The largest portion of the Company’s revenue is from net interest income which is not within the scope of Topic 606. Disaggregation of Revenue The following table includes the Company’s noninterest income disaggregated by type of service for the three and six months ended June 30, 2020 and 2019: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Loss on sale of investments (1) $ 69 $ — $ 69 $ (8) BOLI change in cash surrender value (1) 254 189 509 458 Wealth management revenue 183 261 348 457 Deposit related fees 79 88 146 157 Debit card and ATM fees 105 117 213 219 Loan related fees 78 119 470 166 Loan interest swap fees 19 90 19 106 Other 2 15 4 24 Total noninterest income $ 789 $ 879 $ 1,778 $ 1,579 _______________ (1) Not within scope of Topic 606 For the three and six months ended June 30, 2020 and 2019, substantially all of the Company’s revenues under the scope of Topic 606 are for performance obligations satisfied at a specified date. Revenues recognized within scope of Topic 606 Wealth management revenue: Our wealth management revenue consists of commissions received on the investment portfolio managed by Bank personnel but held by a third party. Commissions are earned on brokerage services and advisory services based on contract terms at the onset of a new customer’s investment agreement or quarterly for ongoing services. Commissions are paid by the third party to the Bank when the performance obligation has been completed by both entities. Deposit related fees: Fees are earned on our deposit accounts for various products or services performed for our customers. Fees include business account fees, non-sufficient fund fees, stop payment fees, wire services, safe deposit box, and others. These fees are recognized on a daily or monthly basis, depending on the type of service. Debit card and ATM fees: Fees are earned when a debit card issued by the Bank is used or when other bank’s customers use our ATM services. Revenue is recognized at the time the fees are collected from the customer’s account or remitted by the VISA interchange network. Loan related fees: Noninterest fee income is earned on our loans for servicing or annual fees on certain loan types. Loan interest swap fees: For loans participating in an interest rate swap agreement, fees are earned at the onset of the agreement and are not contingent on any future performance or term length of the loan itself. The performance obligation is satisfied by entering into the contract and receipt of the fees from the counterparty. Other: Fees earned on other services, such as merchant services or occasional non-recurring type services, are recognized at the time of the event or the applicable billing cycle. Contract Balances

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2020 In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820) - Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this ASU remove certain disclosure requirements regarding transfers between Level 1 and Level 2 of the fair value hierarchy and changes in unrealized gains and losses for recurring Level 3 fair value measurements. In addition, the amendments modified and added certain disclosure requirements for Level 3 fair value measurements. The Company adopted this ASU as of January 1, 2020, with no material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, was originally issued in June 2016 . This ASU replaces the existing incurred loss impairment methodology that recognizes credit losses when a probable loss has been incurred with new methodology where loss estimates are based upon lifetime expected credit losses. The amendments in this ASU require a financial asset that is measured at amortized cost to be presented at the net amount expected to be collected. The income statement would then reflect the measurement of credit losses for newly recognized financial assets as well as changes to the expected credit losses that have taken place during the reporting period. The measurement of expected credit losses will be based on historical information, current conditions, and reasonable and supportable forecasts that impact the collectability of the reported amount. Available-for-sale securities will bifurcate the fair value mark and establish an allowance for credit losses through the income statement for the credit portion of that mark. The interest portion will continue to be recognized through accumulated other comprehensive income or loss. The change in allowance recognized as a result of adoption will occur through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is adopted. This ASU is effective for smaller reporting companies, such as the Company, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating its current expected loss methodology on the loan and investment portfolios to identify the necessary modifications in accordance with this standard and expects a change in the processes and procedures to calculate the ALLL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to the ALLL or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings. ASU 2019-05 issued in April 2019 further provides that entities that have certain financial instruments measured at amortized cost that has credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective upon adoption of ASU 2016-13, and should be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. The Company is in the process of compiling historical and industry data that will be used to calculate expected credit losses on the loan portfolio to ensure that it is fully compliant with the ASU at the adoption date and is evaluating the potential impact adoption of this ASU will have on its consolidated financial statements. The Company intends to adopt ASU 2016-13 in the first quarter of 2023, and as a result, the ALLL may increase. Until the evaluation is complete, however, the magnitude of the increase will not be known. In April 2019, FASB issued ASU 2019-05, Financial Instruments--Credit Losses (Topic 326), Targeted Transition Relief. The amendments in this ASU provide entities that have certain financial instruments measured at amortized cost that have credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective when ASU 2016-13 is adopted, and will be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. Adoption of ASU 2019-05 is not expected to have a material impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12). This ASU simplifies the accounting for income taxes by removing (i) the exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income or a gain from other items; (ii) the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, and (iii) the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company does not expect the adoption of ASU 2019-12 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting. This ASU applies to contracts, hedging relationships and other transactions that reference the London Inter-bank Offered Rate (“LIBOR”) or other rate references expected to be discontinued because of reference rate reform. The ASU permits an entity to make necessary modifications to eligible contracts or transactions without requiring contract remeasurement or reassessment of a previous accounting determination. For a cash flow hedge, a change in the method used to assess hedge effectiveness will not result in de-designation of the hedging relationship if certain criteria are met. This ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is party to cash flow hedge arrangements where the hedge effectiveness is based on LIBOR. The Company does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2020
Investments [Abstract]
Available-for-sale Securities	Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2020 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 13,241 $ 527 $ (11) $ 13,757 Freddie Mac 4,151 203 — 4,354 Ginnie Mae 20,588 698 (10) 21,276 Other 11,007 128 (112) 11,023 Municipal bonds 13,503 684 (12) 14,175 U.S. Government agencies 43,652 64 (1,222) 42,494 Corporate bonds 22,001 114 (320) 21,795 Total $ 128,143 $ 2,418 $ (1,687) $ 128,874 December 31, 2019 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 15,605 $ 128 $ (104) $ 15,629 Freddie Mac 4,196 96 — 4,292 Ginnie Mae 23,239 140 (329) 23,050 Other 11,407 66 (25) 11,448 Municipal bonds 10,675 272 (36) 10,911 U.S. Government agencies 46,672 13 (935) 45,750 Corporate bonds 25,500 372 (351) 25,521 Total $ 137,294 $ 1,087 $ (1,780) $ 136,601
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: June 30, 2020 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ — $ — $ 1,393 $ (11) $ 1,393 $ (11) Freddie Mac — — — — — — Ginnie Mae 1,429 (10) — — 1,429 (10) Other — — 5,895 (112) 5,895 (112) Municipal bonds 1,628 (12) — — 1,628 (12) U.S. Government agencies 7,049 (235) 32,087 (987) 39,136 (1,222) Corporate bonds 5,942 (66) 3,746 (254) 9,688 (320) Total $ 16,048 $ (323) $ 43,121 $ (1,364) $ 59,169 $ (1,687) December 31, 2019 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 8,340 $ (104) $ — $ — $ 8,340 $ (104) Freddie Mac — — — — — — Ginnie Mae 156 — 12,921 (329) 13,077 (329) Other 2,843 (7) 6,000 (18) 8,843 (25) Municipal bonds 3,257 (36) — — 3,257 (36) U.S. Government agencies 12,266 (201) 31,490 (734) 43,756 (935) Corporate bonds 1,996 (12) 7,161 (339) 9,157 (351) Total $ 28,858 $ (360) $ 57,572 $ (1,420) $ 86,430 $ (1,780)
Schedule of Available for sale Securities, Debt Maturities	June 30, 2020 Amortized Cost Fair Value (In thousands) Due within one year $ 498 $ 499 Due after one year through five years 6,538 6,561 Due after five years through ten years 18,392 18,242 Due after ten years 53,728 53,162 79,156 78,464 Mortgage-backed investments 48,987 50,410 Total $ 128,143 $ 128,874

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable are disclosed net of loans in process (“LIP”) and are summarized as follows at the dates indicated: June 30, 2020 December 31, 2019 (In thousands) One-to-four family residential: Permanent owner occupied $ 208,484 $ 210,898 Permanent non-owner occupied 173,729 161,630 382,213 372,528 Multifamily 159,371 172,915 Commercial real estate 390,750 395,152 Construction/land: One-to-four family residential 45,128 44,491 Multifamily 40,120 40,954 Commercial 6,134 19,550 Land 5,115 8,670 96,497 113,665 Business 86,070 37,779 Consumer 39,231 30,199 Total loans 1,154,132 1,122,238 Less: Deferred loan fees, net 2,053 558 ALLL 13,836 13,218 Loans receivable, net $ 1,138,243 $ 1,108,462 At June 30, 2020, loans totaling $496.3 million were pledged to secure borrowings from the FHLB compared to $506.7 million at December 31, 2019. In addition, loans totaling $133.0 million and $130.3 million were pledged to the Federal Reserve Bank of San Francisco to secure a line of credit at June 30, 2020 and December 31, 2019, respectively. Credit Quality Indicators . The Company assigns a risk rating to all credit exposures based on a risk rating system designed to define the basic characteristics and identified risk elements of each credit extension. The Company utilizes a nine point risk rating system. A description of the general characteristics of the risk grades is as follows: • Grades 1 through 5: These grades are considered to be “pass” credits. These include assets where there is limited credit risk, such as cash secured loans with funds on deposit with the Bank. 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. • Grade 6: These credits, classified as “special mention”, 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. If left uncorrected, these potential weaknesses may result in deterioration in the Company’s credit position at a future date. • Grade 7: These credits, classified as “substandard”, present a distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. These credits have well defined weaknesses which jeopardize the orderly liquidation of the debt and are inadequately protected by the current net worth and payment capacity of the borrower or of any collateral pledged. • Grade 8: These credits are classified as “doubtful” and possess well defined weaknesses which make the full collection or liquidation of the loan highly questionable and improbable. This classification is used where significant risk exposures are perceived but the exact amount of the loss cannot yet be determined due to pending events. • Grade 9: Assets classified as “loss” are considered uncollectible and cannot be justified as a viable asset for the Company. There is little or no prospect of near term recovery and no realistic strengthening action of significance is pending. As of June 30, 2020, and December 31, 2019, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2020, and December 31, 2019 by type and risk category: June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 381,067 $ 157,267 $ 374,614 $ 96,497 $ 86,070 $ 39,231 $ 1,134,746 Special mention 527 — 16,136 — — — 16,663 Substandard 619 2,104 — — — — 2,723 Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 December 31, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 371,363 $ 170,810 $ 394,627 $ 101,141 $ 37,779 $ 30,199 $ 1,105,919 Special mention 536 2,105 525 12,524 — — 15,690 Substandard 629 — — — — — 629 Total loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238
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 June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,055 $ 1,658 $ 4,693 $ 2,143 $ 1,074 $ 907 $ 13,530 Recoveries 6 — — — — — 6 Provision (Recapture) 73 (99) 156 114 (9) 65 300 Ending balance $ 3,134 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,836 At or For the Six Months Ended June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 Recoveries 18 — — — — — 18 Provision (Recapture) 82 (48) 290 35 (75) 316 600 Ending balance $ 3,134 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,836 ALLL by category: General reserve $ 3,119 $ 1,559 $ 4,849 $ 2,257 $ 1,065 $ 972 $ 13,821 Specific reserve 15 — — — — — 15 Loans: Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 Loans collectively evaluated for impairment (1) 379,130 157,267 373,877 96,497 86,070 39,231 1,132,072 Loans individually evaluated for impairment (2) 3,083 2,104 16,873 — — — 22,060 ____________ (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. At or For the Three Months Ended June 30, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,032 $ 1,579 $ 4,809 $ 3,132 $ 1,030 $ 226 $ 13,808 Recoveries 4 45 — — — — 49 Provision (recapture) 49 19 (202) (861) 90 105 (800) Ending balance $ 3,085 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,057 At or For the Six Months Ended June 30, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,387 $ 1,680 $ 4,777 $ 2,331 $ 936 $ 236 $ 13,347 Recoveries 28 45 — — — 37 110 (Recapture) provision (330) (82) (170) (60) 184 58 (400) Ending balance $ 3,085 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,057 ALLL by category: General reserve $ 3,047 $ 1,643 $ 4,607 $ 2,271 $ 1,120 $ 331 $ 13,019 Specific reserve 38 — — — — — 38 Loans: Total loans $ 361,256 $ 161,460 $ 384,202 $ 105,134 $ 36,358 $ 17,891 $ 1,066,301 Loans collectively evaluated for impairment (1) 356,558 161,460 382,061 93,551 36,358 17,848 1,047,836 Loans individually evaluated for impairment (2) 4,698 — 2,141 11,583 — 43 18,465 _____________ (1) Loans collectively evaluated for general reserves. (2) 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 June 30, 2020 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 208,484 $ 208,484 Non-owner occupied — — — — 173,729 173,729 Multifamily — — 2,104 2,104 157,267 159,371 Commercial real estate — — — — 390,750 390,750 Construction/land — — — — 96,497 96,497 Total real estate — — 2,104 2,104 1,026,727 1,028,831 Business — — — — 86,070 86,070 Consumer 9 — — 9 39,222 39,231 Total loans $ 9 $ — $ 2,104 $ 2,113 $ 1,152,019 $ 1,154,132 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at June 30, 2020. Loans Past Due as of December 31, 2019 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 79 $ — $ — $ 79 $ 210,819 $ 210,898 Non-owner occupied — — — — 161,630 161,630 Multifamily 2,105 — — 2,105 170,810 172,915 Commercial real estate — — — — 395,152 395,152 Construction/land — — — — 113,665 113,665 Total real estate 2,184 — — 2,184 1,052,076 1,054,260 Business — — — — 37,779 37,779 Consumer — — — — 30,199 30,199 Total loans $ 2,184 $ — $ — $ 2,184 $ 1,120,054 $ 1,122,238 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2019.
Schedule of non-accrual loans	The following table is a summary of nonaccrual loans by loan type at the dates indicated: June 30, 2020 December 31, 2019 (In thousands) One-to-four family residential $ 87 $ 95 Multifamily 2,104 — Total nonaccrual loans $ 2,191 $ 95
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: June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 382,126 $ 157,267 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,151,941 Nonperforming (2) 87 2,104 — — — — 2,191 Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 _____________ (1) There were $208.4 million of owner-occupied one-to-four family residential loans and $173.7 million of non-owner occupied one-to-four family residential loans classified as performing. (2) The $87,000 one-to-four family residential loan classified as nonperforming is owner-occupied. December 31, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 372,433 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,143 Nonperforming (2) 95 — — — — — 95 Total loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238 _____________ (1) There were $210.8 million of owner-occupied one-to-four family residential loans and $161.6 million of non-owner occupied one-to-four family residential loans classified as performing.
Schedule Of Impaired Financing Receivables	The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: June 30, 2020 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 425 $ 572 $ — Non-owner occupied 1,190 1,191 — Multifamily 2,104 2,104 — Commercial real estate 16,873 16,873 — Total 20,592 20,740 — Loans with an allowance: One-to-four family residential: Owner occupied 502 549 9 Non-owner occupied 966 966 6 Total 1,468 1,515 15 Total impaired loans: One-to-four family residential: Owner occupied 927 1,121 9 Non-owner occupied 2,156 2,157 6 Multifamily 2,104 2,104 — Commercial real estate 16,873 16,873 — Total $ 22,060 $ 22,255 $ 15 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2019 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 437 $ 582 $ — Non-owner occupied 1,486 1,486 — Multifamily 2,105 2,105 — Commercial real estate 1,266 1,266 — Construction/land 12,524 15,650 — Total 17,818 21,089 — Loans with an allowance: One-to-four family residential: Owner occupied 505 552 13 Non-owner occupied 1,647 1,647 18 Total 2,152 2,199 31 Total impaired loans: One-to-four family residential: Owner occupied 942 1,134 13 Non-owner occupied 3,133 3,133 18 Multifamily 2,105 2,105 — Commercial real estate 1,266 1,266 — Construction/land 12,524 15,650 — Total $ 19,970 $ 23,288 $ 31 _________________ (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 and six months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 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 $ 427 $ 8 $ 430 $ 22 Non-owner occupied 1,240 19 1,322 45 Multifamily 2,104 46 2,104 140 Commercial real estate 9,065 203 6,465 450 Construction/land 7,825 — 9,391 — Total 20,661 276 19,712 657 Loans with an allowance: One-to-four family residential: Owner occupied 503 7 503 18 Non-owner occupied 1,302 15 1,417 35 Total 1,805 22 1,920 53 Total impaired loans: One-to-four family residential: Owner occupied 930 15 933 40 Non-owner occupied 2,542 34 2,739 80 Multifamily 2,104 46 2,104 140 Commercial real estate 9,065 203 6,465 450 Construction/land 7,825 — 9,391 — Total $ 22,466 $ 298 $ 21,632 $ 710
Troubled Debt Restructurings on Financing Receivables	The following table presents TDR modifications for the six months ended June 30, 2019, and their recorded investment prior to and after the modification: Six Months Ended June 30, 2019 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in thousands) One-to-four family residential Principal and interest with interest rate concession and advancement of maturity date 6 $ 824 $ 824 Advancement of maturity date 3 694 694 Total 9 $ 1,518 $ 1,518
Financing Receivables, Summary of loans by type and risk category	June 30, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 381,067 $ 157,267 $ 374,614 $ 96,497 $ 86,070 $ 39,231 $ 1,134,746 Special mention 527 — 16,136 — — — 16,663 Substandard 619 2,104 — — — — 2,723 Total loans $ 382,213 $ 159,371 $ 390,750 $ 96,497 $ 86,070 $ 39,231 $ 1,154,132 December 31, 2019 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass $ 371,363 $ 170,810 $ 394,627 $ 101,141 $ 37,779 $ 30,199 $ 1,105,919 Special mention 536 2,105 525 12,524 — — 15,690 Substandard 629 — — — — — 629 Total loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (In thousands) Balance at beginning of period $ 454 $ 454 $ 454 $ 483 Market value adjustments — — — (29) Balance at end of period $ 454 $ 454 $ 454 $ 454

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at June 30, 2020 and December 31, 2019: Fair Value Measurements at June 30, 2020 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) Assets: Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 13,757 $ — $ 13,757 $ — Freddie Mac 4,354 — 4,354 — Ginnie Mae 21,276 — 21,276 — Other 11,023 — 11,023 — Municipal bonds 14,175 — 14,175 — U.S. Government agencies 42,494 — 42,494 — Corporate bonds 21,795 — 21,795 — Total available-for-sale investments 128,874 — 128,874 — Liabilities: Derivative fair value liability 4,181 — 4,181 — Fair Value Measurements at December 31, 2019 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 $ 15,629 $ — $ 15,629 $ — Freddie Mac 4,292 — 4,292 — Ginnie Mae 23,050 — 23,050 — Other 11,448 — 11,448 — Municipal bonds 10,911 — 10,911 — U.S. Government agencies 45,750 — 45,750 — Corporate bonds 25,521 — 25,521 — Total available-for-sale investments 136,601 — 136,601 — Derivative fair value asset 426 — 426 — Total $ 137,027 $ — $ 137,027 $ —
Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis	The tables below present the balances of assets measured at fair value on a nonrecurring basis at June 30, 2020, and December 31, 2019: Fair Value Measurements at June 30, 2020 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 22,045 $ — $ — $ 22,045 OREO 454 — — 454 Total $ 22,499 $ — $ — $ 22,499 _____________ (1) Total fair value of impaired loans is net of $15,000 of specific reserves on performing TDRs. Fair Value Measurements at December 31, 2019 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 19,939 $ — $ — $ 19,939 OREO 454 — — 454 Total $ 20,393 $ — $ — $ 20,393 _____________ (1) Total fair value of impaired loans is net of $31,000 of specific reserves on performing TDRs.
Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis	The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019: June 30, 2020 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 22,045 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) OREO $ 454 Market approach Appraised value less selling costs 0.0% (0.0%) December 31, 2019 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 19,939 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) OREO $ 454 Market approach Appraised value less selling costs 0.0% (0.0%)
Fair Value, by Balance Sheet Grouping	The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: June 30, 2020 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 $ 7,688 $ 7,688 $ 7,688 $ — $ — Interest-earning deposits with banks 66,250 66,250 66,250 — — Investments available-for-sale 128,874 128,874 — 128,874 — Investments held-to-maturity 2,395 2,395 — 2,395 — Loans receivable, net 1,138,243 1,127,096 — — 1,127,096 FHLB stock 6,410 6,410 — 6,410 — Accrued interest receivable 4,981 4,981 — 4,981 — Financial Liabilities: Deposits 643,233 643,233 643,233 — — Certificates of deposit, retail 450,487 462,258 — 462,258 — Certificates of deposit, brokered 32,448 33,023 — 33,023 — Advances from the FHLB 120,000 124,271 — 124,271 — Accrued interest payable 218 218 — 218 — Derivative fair value liability 4,181 4,181 — 4,181 — December 31, 2019 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 $ 10,094 $ 10,094 $ 10,094 $ — $ — Interest-earning deposits with banks 12,896 12,896 12,896 — — Investments available-for-sale 136,601 136,601 — 136,601 — Loans receivable, net 1,108,462 1,096,499 — — 1,096,499 FHLB stock 7,009 7,009 — 7,009 — Accrued interest receivable 4,138 4,138 — 4,138 — Derivative fair value asset 426 426 — 426 — Financial Liabilities: Deposits 513,959 513,959 513,959 — — Certificates of deposit, retail 425,103 430,418 — 430,418 — Certificates of deposit, brokered 94,472 94,556 — 94,556 — Advances from the FHLB 137,700 137,706 — 137,706 — Accrued interest payable 285 285 — 285 —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2020 and the discounted lease liability at that date: June 30, 2020 (in thousands) Due through one year $ 618 Due after one year through two years 503 Due after two years through three years 467 Due after three years through four years 392 Due after four years through five years 297 Due after five years 1,089 Total minimum lease payments 3,366 Less: present value discount (296) Lease liability $ 3,070

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair value of these derivative instruments as of June 30, 2020 and December 31, 2019: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt (Other liabilities) $ (4,181) $ 426 Total derivatives $ (4,181) $ 426
Derivative Instruments, Gain (Loss)	The following table presents the net unrealized gains and losses from these derivative instruments included on the Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ (706) $ (595) $ (3,639) $ 664

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2020, follows: For the Three Months Ended June 30, 2020 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2020 313,000 $ 10.34 $ 72,550 $ 3.69 Outstanding at June 30, 2020 313,000 10.34 3.48 136,300 3.69 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 312,760 10.34 3.48 136,300 3.69 Exercisable at June 30, 2020 305,000 10.27 3.43 136,300 3.66 For the Six Months Ended June 30, 2020 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at January 1, 2020 313,000 $ 10.34 $ 1,440,310 $ 3.69 Outstanding at June 30, 2020 313,000 10.34 3.48 136,300 3.69 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 312,760 10.34 3.48 136,300 3.69 Exercisable at June 30, 2020 305,000 10.27 3.43 136,300 3.66 A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2020, follows: For the Three Months Ended June 30, 2020 Shares Weighted-Average Nonvested at April 1, 2020 16,228 $ 13.61 Nonvested at June 30, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61 For the Six Months Ended June 30, 2020 Shares Weighted-Average Nonvested at January 1, 2020 16,698 $ 16.53 Granted 16,228 13.61 Vested (16,698) 16.53 Nonvested at June 30, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 (Dollars in thousands, except share data) Net income $ 2,143 $ 3,304 $ 3,827 $ 5,249 Less: Earnings allocated to participating securities (3) (5) (6) (8) Earnings allocated to common shareholders $ 2,140 $ 3,299 $ 3,821 $ 5,241 Basic weighted average common shares outstanding 9,808,854 9,952,419 9,852,544 10,034,895 Dilutive stock options 10,810 91,000 34,305 90,372 Dilutive restricted stock grants — 2,936 3,390 6,840 Diluted weighted average common shares outstanding 9,819,664 10,046,355 9,890,239 10,132,107 Basic earnings per share $ 0.22 $ 0.33 $ 0.39 $ 0.52 Diluted earnings per share $ 0.22 $ 0.33 $ 0.39 $ 0.52

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table includes the Company’s noninterest income disaggregated by type of service for the three and six months ended June 30, 2020 and 2019: Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (In thousands) Loss on sale of investments (1) $ 69 $ — $ 69 $ (8) BOLI change in cash surrender value (1) 254 189 509 458 Wealth management revenue 183 261 348 457 Deposit related fees 79 88 146 157 Debit card and ATM fees 105 117 213 219 Loan related fees 78 119 470 166 Loan interest swap fees 19 90 19 106 Other 2 15 4 24 Total noninterest income $ 789 $ 879 $ 1,778 $ 1,579 _______________

Investments_ Available-for-sale

Investments: Available-for-sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 128,143	$ 137,294
Gross Unrealized Gains	2,418	1,087
Gross Unrealized Losses	(1,687)	(1,780)
Fair Value	128,874	136,601
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,241	15,605
Gross Unrealized Gains	527	128
Gross Unrealized Losses	(11)	(104)
Fair Value	13,757	15,629
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,151	4,196
Gross Unrealized Gains	203	96
Gross Unrealized Losses	0	0
Fair Value	4,354	4,292
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	20,588	23,239
Gross Unrealized Gains	698	140
Gross Unrealized Losses	(10)	(329)
Fair Value	21,276	23,050
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,007	11,407
Gross Unrealized Gains	128	66
Gross Unrealized Losses	(112)	(25)
Fair Value	11,023	11,448
Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,503	10,675
Gross Unrealized Gains	684	272
Gross Unrealized Losses	(12)	(36)
Fair Value	14,175	10,911
US Government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	43,652	46,672
Gross Unrealized Gains	64	13
Gross Unrealized Losses	(1,222)	(935)
Fair Value	42,494	45,750
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	22,001	25,500
Gross Unrealized Gains	114	372
Gross Unrealized Losses	(320)	(351)
Fair Value	$ 21,795	$ 25,521

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 1,687	$ 1,780
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	16,048	28,858
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	323	360
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	43,121	57,572
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,364	1,420
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	59,169	86,430
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	11	104
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	8,340
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	104
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,393	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	11	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,393	8,340
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	0	0
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	10	329
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,429	156
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	10	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	12,921
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	329
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,429	13,077
Other
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	112	25
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	2,843
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	7
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,895	6,000
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	112	18
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,895	8,843
Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	12	36
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,628	3,257
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	12	36
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,628	3,257
US Government agencies
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1,222	935
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	7,049	12,266
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	235	201
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	32,087	31,490
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	987	734
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	39,136	43,756
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	320	351
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	5,942	1,996
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	66	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	3,746	7,161
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	254	339
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 9,688	$ 9,157

Investments_ Narrative (Details

Investments: Narrative (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2020USD ($)	Jun. 30, 2020USD ($)securities	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)securities	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)securities
Debt Securities, Available-for-sale [Line Items]
Investments pledged as collateral for FHLB advances		50.00%		50.00%
Investments pledged as collateral for public deposits		$ 19,500,000		$ 19,500,000		$ 19,000,000
Principal repayments on investments available-for-sale		9,600,000	$ 0	9,600,000	$ 3,000,000
(Gain) loss on sale of investments available-for-sale		$ 69,000	$ 0	$ 69,000	(8,000)
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | securities		16		16		18
Unrealized Loss | securities		26		26		37
Payments to Acquire Marketable Securities	$ 2,400,000			$ 6,928,000	$ 3,012,000

Investments_ Schedule of Avai_2

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments [Abstract]
Due within one year, Amortized Cost	$ 498
Due after one year through five years, Amortized Cost	6,538
Due after five years through ten years, Amortized Cost	18,392
Due after ten years, Amortized Cost	53,728
Debt Securities, Amortized Cost Total	79,156
Mortgage-backed investments, Amortized Cost	48,987
Due within one year, Fair Value	499
Due after one year through five years, Fair Value	6,561
Due after five years through ten years, Fair Value	18,242
Due after ten years, Fair Value	53,162
Debt maturities, Fair Value	78,464
Mortgage-backed investments, Fair Value	50,410
Fair Value	$ 128,874	$ 136,601

Loans Receivable_ Schedule of A

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans receivable	$ 1,154,132		$ 1,122,238
Deferred loan fees, net	2,053		558
ALLL	13,836		13,218
Loans receivable, net	1,138,243		1,108,462
One-to-four family, residential, owner occupied
Loans receivable	208,484		210,898
One to four family residential non owner occupied
Loans receivable	173,729		161,630
One to Four Family
Loans receivable	382,213		372,528
One to four family residential
ALLL	3,134	$ 3,055	3,034	$ 3,085	$ 3,032	$ 3,387
Multifamily
Loans receivable	159,371		172,915
ALLL	1,559	1,658	1,607	1,643	1,579	1,680
Commercial Real Estate
Loans receivable	390,750		395,152
ALLL	4,849	4,693	4,559	4,607	4,809	4,777
Construction/Land Development One-to-four family residential
Loans receivable	45,128		44,491
Construction Land Development Multifamily
Loans receivable	40,120		40,954
Construction Land Development Commercial
Loans receivable	6,134		19,550
Construction Land Development Land Development
Loans receivable	5,115		8,670
Construction Land Development
Loans receivable	96,497		113,665
ALLL	2,257	2,143	2,222	2,271	3,132	2,331
Business
Loans receivable	86,070		37,779
ALLL	1,065	1,074	1,140	1,120	1,030	936
Consumer
Loans receivable	39,231		30,199
ALLL	972	907	656	331	226	236
Property total
ALLL	$ 13,836	$ 13,530	$ 13,218	$ 13,057	$ 13,808	$ 13,347

Loans Receivable_ Schedule of_2

Loans Receivable: Schedule of Allowance for Loan and Lease Losses, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Loans receivable allowance for loan losses	$ 13,836		$ 13,218		$ 13,836	$ 13,218
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance			13,218
Loans and Leases Receivable, Allowance, Ending Balance	13,836		13,836
One to four family residential
Impaired Financing Receivable, Related Allowance					15		$ 38
Loans receivable allowance for loan losses	3,134	$ 3,085	3,034	$ 3,387	3,134	3,034	3,085
Total Loans					382,213		361,256
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	3,055	3,032	3,034	3,387
Recoveries	6	4	18	28
(Recapture) provision	73	49	82	(330)
Loans and Leases Receivable, Allowance, Ending Balance	3,134	3,085	3,134	3,085
Financing Receivable, Collectively Evaluated for Impairment					379,130		356,558
Financing Receivable, Individually Evaluated for Impairment					3,083		4,698
One to four family residential | General Reserve
Loans receivable allowance for loan losses	3,119	3,047	3,119	3,047	3,119		3,047
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	3,119	3,047	3,119	3,047
Multifamily
Impaired Financing Receivable, Related Allowance					0	0	0
Loans receivable allowance for loan losses	1,559	1,643	1,559	1,680	1,559	1,607	1,643
Total Loans					159,371		161,460
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,658	1,579	1,607	1,680
Recoveries	0	45	0	45
(Recapture) provision	(99)	19	(48)	(82)
Loans and Leases Receivable, Allowance, Ending Balance	1,559	1,643	1,559	1,643
Financing Receivable, Collectively Evaluated for Impairment					157,267		161,460
Financing Receivable, Individually Evaluated for Impairment					2,104		0
Multifamily | General Reserve
Loans receivable allowance for loan losses	1,559	1,643	1,559	1,643	1,559		1,643
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,559	1,643	1,559	1,643
Commercial Real Estate
Impaired Financing Receivable, Related Allowance					0	0	0
Loans receivable allowance for loan losses	4,849	4,607	4,559	4,607	4,849	4,559	4,607
Total Loans					390,750		384,202
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	4,693	4,809	4,559	4,777
Recoveries	0	0	0	0
(Recapture) provision	156	(202)	290	(170)
Loans and Leases Receivable, Allowance, Ending Balance	4,849	4,607	4,849	4,607
Financing Receivable, Collectively Evaluated for Impairment					373,877		382,061
Financing Receivable, Individually Evaluated for Impairment					16,873		2,141
Commercial Real Estate | General Reserve
Loans receivable allowance for loan losses	4,849	4,607	4,849	4,607	4,849		4,607
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	4,849	4,607	4,849	4,607
Construction Land Development
Impaired Financing Receivable, Related Allowance					0	0	0
Loans receivable allowance for loan losses	2,257	2,271	2,257	2,271	2,257	2,222	2,271
Total Loans					96,497		105,134
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	2,143	3,132	2,222	2,331
Recoveries	0	0	0	0
(Recapture) provision	114	(861)	35	(60)
Loans and Leases Receivable, Allowance, Ending Balance	2,257	2,271	2,257	2,271
Financing Receivable, Collectively Evaluated for Impairment					96,497		93,551
Financing Receivable, Individually Evaluated for Impairment					0		11,583
Construction Land Development | General Reserve
Loans receivable allowance for loan losses	2,257	2,271	2,257	2,271	2,257		2,271
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	2,257	2,271	2,257	2,271
Business
Impaired Financing Receivable, Related Allowance					0		0
Loans receivable allowance for loan losses	1,065	1,120	1,140	936	1,065	1,140	1,120
Total Loans					86,070		36,358
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,074	1,030	1,140	936
Recoveries	0	0	0	0
(Recapture) provision	(9)	90	(75)	184
Loans and Leases Receivable, Allowance, Ending Balance	1,065	1,120	1,065	1,120
Financing Receivable, Collectively Evaluated for Impairment					86,070		36,358
Financing Receivable, Individually Evaluated for Impairment					0		0
Business | General Reserve
Loans receivable allowance for loan losses	1,065	1,120	1,065	1,120	1,065		1,120
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,065	1,120	1,065	1,120
Consumer
Impaired Financing Receivable, Related Allowance					0		0
Loans receivable allowance for loan losses	972	331	656	236	972	656	331
Total Loans					39,231		17,891
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	907	226	656	236
Recoveries	0	0	0	37
(Recapture) provision	65	105	316	58
Loans and Leases Receivable, Allowance, Ending Balance	972	331	972	331
Financing Receivable, Collectively Evaluated for Impairment					39,231		17,848
Financing Receivable, Individually Evaluated for Impairment					0		43
Consumer | General Reserve
Loans receivable allowance for loan losses	972	331	972	331	972		331
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	972	331	972	331
Property total
Impaired Financing Receivable, Related Allowance					15	31	38
Loans receivable allowance for loan losses	13,836	13,057	13,218	13,347	13,836	$ 13,218	13,057
Total Loans					1,154,132		1,066,301
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	13,530	13,808	13,218	13,347
Recoveries	6	49	18	110
(Recapture) provision	300	(800)	600	(400)
Loans and Leases Receivable, Allowance, Ending Balance	13,836	13,057	13,836	13,057
Financing Receivable, Collectively Evaluated for Impairment					1,132,072		1,047,836
Financing Receivable, Individually Evaluated for Impairment					22,060		18,465
Property total | General Reserve
Loans receivable allowance for loan losses	13,821	13,019	13,821	13,019	$ 13,821		$ 13,019
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	$ 13,821	$ 13,019	$ 13,821	$ 13,019

Loans Receivable_ Narratives (D

Loans Receivable: Narratives (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 26,000		$ 2,000	$ 36,000	$ 9,000
Loans and Leases Receivable, Ratio of Nonperforming Loans to All Loans	0.18%			0.18%		0.19%
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend	$ 0			$ 0		$ 3,100,000
Troubled Debt Restructuring Loans	4,300,000			4,300,000		5,200,000
Troubled Debt Restructuring Commitment To Extend Additional Credit	0		0	0	0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	0		0	0	0
Troubled debt restructuring, charge to Allowance for Loan and Lease Losses	0		$ 0	0	$ 0
Loans receivable, net	1,138,243,000			1,138,243,000		1,108,462,000
PPP Loan [Member]
Accounts, Notes, Loans and Financing Receivable
Long-term Debt, Gross	$ 51,700,000			51,700,000
Minimum
Accounts, Notes, Loans and Financing Receivable
Troubled Debt Restructuring, Interest Rate Concession Period	1 year	1 year	1 year
Maximum
Accounts, Notes, Loans and Financing Receivable
Troubled Debt Restructuring, Interest Rate Concession Period	3 years	3 years	3 years
FHLB of Des Moines
Accounts, Notes, Loans and Financing Receivable
Loans Pledged as Collateral	$ 496,300,000			496,300,000		506,700,000
Federal Reserve Bank
Accounts, Notes, Loans and Financing Receivable
Loans Pledged as Collateral	133,000,000			133,000,000		130,300,000
Construction Loans
Accounts, Notes, Loans and Financing Receivable
Loans receivable, net	$ 15,700,000			$ 15,700,000		$ 12,500,000

Loans Receivable_ Financing Rec

Loans Receivable: Financing Receivables, Aging of loans (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 0	$ 0
Total Loans	1,154,132,000	1,122,238,000
One-to-four family, residential, owner occupied
Total	0	79,000
Current	208,484,000	210,819,000
Total Loans	208,484,000	210,898,000
One to four family residential non owner occupied
Total	0	0
Current	173,729,000	161,630,000
Total Loans	173,729,000	161,630,000
Multifamily
Total	2,104,000	2,105,000
Current	157,267,000	170,810,000
Total Loans	159,371,000	172,915,000
Commercial Real Estate
Total	0	0
Current	390,750,000	395,152,000
Total Loans	390,750,000	395,152,000
Construction Land Development
Total	0	0
Current	96,497,000	113,665,000
Total Loans	96,497,000	113,665,000
Real Estate, Total
Total	2,104,000	2,184,000
Current	1,026,727,000	1,052,076,000
Total Loans	1,028,831,000	1,054,260,000
Business
Total	0	0
Current	86,070,000	37,779,000
Total Loans	86,070,000	37,779,000
Consumer
Total	9,000	0
Current	39,222,000	30,199,000
Total Loans	39,231,000	30,199,000
Property total
Total	2,113,000	2,184,000
Current	1,152,019,000	1,120,054,000
Total Loans	1,154,132,000	1,122,238,000
Financial Asset, 30 to 59 Days Past Due | One-to-four family, residential, owner occupied
Total	0	79,000
Financial Asset, 30 to 59 Days Past Due | One to four family residential non owner occupied
Total	0	0
Financial Asset, 30 to 59 Days Past Due | Multifamily
Total	0	2,105,000
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Total	0	0
Financial Asset, 30 to 59 Days Past Due | Construction Land Development
Total	0	0
Financial Asset, 30 to 59 Days Past Due | Real Estate, Total
Total	0	2,184,000
Financial Asset, 30 to 59 Days Past Due | Business
Total	0	0
Financial Asset, 30 to 59 Days Past Due | Consumer
Total	9,000	0
Financial Asset, 30 to 59 Days Past Due | Property total
Total	9,000	2,184,000
Financial Asset, 60 to 89 Days Past Due | One-to-four family, residential, owner occupied
Total	0	0
Financial Asset, 60 to 89 Days Past Due | One to four family residential non owner occupied
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Multifamily
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Construction Land Development
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Real Estate, Total
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Business
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Consumer
Total	0	0
Financial Asset, 60 to 89 Days Past Due | Property total
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | One-to-four family, residential, owner occupied
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | One to four family residential non owner occupied
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Multifamily
Total	2,104,000	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial Real Estate
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Construction Land Development
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Real Estate, Total
Total	2,104,000	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Business
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer
Total	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Property total
Total	$ 2,104,000	$ 0

Loans Receivable Loans Receivab

Loans Receivable Loans Receivable: Schedule of non accrual loans by type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 22,466	$ 13,216	$ 21,632	$ 12,192
Nonaccrual Loans, total	2,191		2,191		$ 95
One to Four Family
Nonaccrual Loans, total	87		87		95
Multifamily
Nonaccrual Loans, total	$ 2,104		$ 2,104		$ 0

Loans Receivable_ Financing R_2

Loans Receivable: Financing Receivables, Summary of loans by type and risk category (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, after Allowance for Credit Loss	$ 1,154,132,000	$ 1,122,238,000
One to four family residential
Financing Receivable, after Allowance for Credit Loss	382,213,000	372,528,000
Multifamily
Financing Receivable, after Allowance for Credit Loss	159,371,000	172,915,000
Commercial Real Estate
Financing Receivable, after Allowance for Credit Loss	390,750,000	395,152,000
Construction Land Development
Financing Receivable, after Allowance for Credit Loss	96,497,000	113,665,000
Business
Financing Receivable, after Allowance for Credit Loss	86,070,000	37,779,000
Consumer
Financing Receivable, after Allowance for Credit Loss	39,231,000	30,199,000
Property total
Financing Receivable, after Allowance for Credit Loss	1,154,132,000	1,122,238,000
One-to-four family, residential, owner occupied
Financing Receivable, after Allowance for Credit Loss	208,484,000	210,898,000
One to four family residential non owner occupied
Financing Receivable, after Allowance for Credit Loss	173,729,000	161,630,000
Performing Financing Receivable | One to four family residential
Financing Receivable, after Allowance for Credit Loss	382,126,000	372,433,000
Performing Financing Receivable | Multifamily
Financing Receivable, after Allowance for Credit Loss	157,267,000	172,915,000
Performing Financing Receivable | Commercial Real Estate
Financing Receivable, after Allowance for Credit Loss	390,750,000	395,152,000
Performing Financing Receivable | Construction Land Development
Financing Receivable, after Allowance for Credit Loss	96,497,000	113,665,000
Performing Financing Receivable | Business
Financing Receivable, after Allowance for Credit Loss	86,070,000	37,779,000
Performing Financing Receivable | Consumer
Financing Receivable, after Allowance for Credit Loss	39,231,000	30,199,000
Performing Financing Receivable | Property total
Financing Receivable, after Allowance for Credit Loss	1,151,941,000	1,122,143,000
Performing Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, after Allowance for Credit Loss	208,400,000	210,800,000
Performing Financing Receivable | One to four family residential non owner occupied
Financing Receivable, after Allowance for Credit Loss	173,700,000	161,600,000
Nonperforming Financing Receivable | One to four family residential
Financing Receivable, after Allowance for Credit Loss	87,000	95,000
Nonperforming Financing Receivable | Multifamily
Financing Receivable, after Allowance for Credit Loss	2,104,000	0
Nonperforming Financing Receivable | Commercial Real Estate
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Construction Land Development
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Business
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Consumer
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Property total
Financing Receivable, after Allowance for Credit Loss	2,191,000	95,000
Nonperforming Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, after Allowance for Credit Loss	87,000	95,000
Pass
Financing Receivable, after Allowance for Credit Loss	1,134,746,000	1,105,919,000
Special Mention
Financing Receivable, after Allowance for Credit Loss	16,663,000	15,690,000
Substandard
Financing Receivable, after Allowance for Credit Loss	2,723,000	629,000
Consumer
Financing Receivable, after Allowance for Credit Loss	39,231,000	30,199,000
Consumer | Pass
Financing Receivable, after Allowance for Credit Loss	39,231,000	30,199,000
Consumer | Special Mention
Financing Receivable, after Allowance for Credit Loss	0	0
Consumer | Substandard
Financing Receivable, after Allowance for Credit Loss	0	0
Business
Financing Receivable, after Allowance for Credit Loss	86,070,000	37,779,000
Business | Pass
Financing Receivable, after Allowance for Credit Loss	86,070,000	37,779,000
Business | Special Mention
Financing Receivable, after Allowance for Credit Loss	0	0
Business | Substandard
Financing Receivable, after Allowance for Credit Loss	0	0
Commercial Real Estate
Financing Receivable, after Allowance for Credit Loss	390,750,000	395,152,000
Commercial Real Estate | Pass
Financing Receivable, after Allowance for Credit Loss	374,614,000	394,627,000
Commercial Real Estate | Special Mention
Financing Receivable, after Allowance for Credit Loss	16,136,000	525,000
Commercial Real Estate | Substandard
Financing Receivable, after Allowance for Credit Loss	0	0
Multifamily
Financing Receivable, after Allowance for Credit Loss	159,371,000	172,915,000
Multifamily | Pass
Financing Receivable, after Allowance for Credit Loss	157,267,000	170,810,000
Multifamily | Special Mention
Financing Receivable, after Allowance for Credit Loss	0	2,105,000
Multifamily | Substandard
Financing Receivable, after Allowance for Credit Loss	2,104,000	0
One to four family residential
Financing Receivable, after Allowance for Credit Loss	382,213,000	372,528,000
One to four family residential | Pass
Financing Receivable, after Allowance for Credit Loss	381,067,000	371,363,000
One to four family residential | Special Mention
Financing Receivable, after Allowance for Credit Loss	527,000	536,000
One to four family residential | Substandard
Financing Receivable, after Allowance for Credit Loss	619,000	629,000
Construction Land Development
Financing Receivable, after Allowance for Credit Loss	96,497,000	113,665,000
Construction Land Development | Pass
Financing Receivable, after Allowance for Credit Loss	96,497,000	101,141,000
Construction Land Development | Special Mention
Financing Receivable, after Allowance for Credit Loss	0	12,524,000
Construction Land Development | Substandard
Financing Receivable, after Allowance for Credit Loss	$ 0	$ 0

Loans Receivable_ Schedule of I

Loans Receivable: Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	$ 20,661	$ 10,691	$ 19,712	$ 9,216
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	276	308	657	528
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance					$ 15,650
Impaired Financing Receivable, Recorded Investment	22,045		22,045		19,939
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,805	2,525	1,920	2,976
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	22	31	53	62
Impaired Financing Receivable, Average Recorded Investment	22,466	13,216	21,632	12,192
Impaired Financing Receivable, Interest Income, Accrual Method	298	339	710	590
One-to-four family, residential, owner occupied
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	425		425		437
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	572		572		582
Impaired Financing Receivable, with Related Allowance, Recorded Investment	502		502		505
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	549		549		552
Impaired Financing Receivable, Related Allowance	9		9		13
Impaired Financing Receivable, Recorded Investment	927		927		942
Impaired Financing Receivable, Unpaid Principal Balance	1,121		1,121		1,134
One to four family residential non owner occupied
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,190		1,190		1,486
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,191		1,191		1,486
Impaired Financing Receivable, with Related Allowance, Recorded Investment	966		966		1,647
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	966		966		1,647
Impaired Financing Receivable, Related Allowance	6		6		18
Impaired Financing Receivable, Recorded Investment	2,156		2,156		3,133
Impaired Financing Receivable, Unpaid Principal Balance	2,157		2,157		3,133
Multifamily
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,104		2,104		2,105
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	2,104		2,104		2,105
Impaired Financing Receivable, Related Allowance	0	0	0	0	0
Impaired Financing Receivable, Recorded Investment	2,104		2,104		2,105
Impaired Financing Receivable, Unpaid Principal Balance	2,104		2,104		2,105
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	16,873		16,873		1,266
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	16,873		16,873		1,266
Impaired Financing Receivable, Related Allowance	0	0	0	0	0
Impaired Financing Receivable, Recorded Investment	16,873		16,873		1,266
Impaired Financing Receivable, Unpaid Principal Balance	16,873		16,873		1,266
Construction Land Development
Impaired Financing Receivable, with No Related Allowance, Recorded Investment					12,524
Impaired Financing Receivable, Related Allowance	0	0	0	0	0
Impaired Financing Receivable, Recorded Investment					12,524
Impaired Financing Receivable, Unpaid Principal Balance					15,650
Property total
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	20,592		20,592		17,818
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	20,740		20,740		21,089
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,468		1,468		2,152
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,515		1,515		2,199
Impaired Financing Receivable, Related Allowance	15	38	15	38	31
Impaired Financing Receivable, Recorded Investment	22,060		22,060		19,970
Impaired Financing Receivable, Unpaid Principal Balance	22,255		22,255		$ 23,288
Construction Land Development
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	7,825	44	9,391	58
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	0	1	0	2
Impaired Financing Receivable, Average Recorded Investment	7,825	44	9,391	58
Impaired Financing Receivable, Interest Income, Accrual Method	0	1	0	2
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	9,065	5,792	6,465	3,861
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	203	228	450	368
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0		80
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized		0		0
Impaired Financing Receivable, Average Recorded Investment	9,065	5,792	6,465	3,861
Impaired Financing Receivable, Interest Income, Accrual Method	203	228	450	368
Multifamily
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,104	2,149	2,104	2,265
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	46	38	140	76
Impaired Financing Receivable, Average Recorded Investment	2,104	2,149	2,104	2,345
Impaired Financing Receivable, Interest Income, Accrual Method	46	38	140	76
One to four family residential non owner occupied
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,240	1,863	1,322	2,034
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	19	26	45	52
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,302	2,015	1,417	2,385
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	15	22	35	45
Impaired Financing Receivable, Average Recorded Investment	2,542	3,878	2,739	4,419
Impaired Financing Receivable, Interest Income, Accrual Method	34	48	80	97
One-to-four family, residential, owner occupied
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	427	843	430	998
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	8	15	22	30
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	503	510	503	511
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	7	9	18	17
Impaired Financing Receivable, Average Recorded Investment	930	1,353	933	1,509
Impaired Financing Receivable, Interest Income, Accrual Method	$ 15	$ 24	$ 40	$ 47

Loans Receivable_ Average Recor

Loans Receivable: Average Recorded Investment and Interest Income Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	$ 20,661	$ 10,691	$ 19,712	$ 9,216
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	276	308	657	528
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,805	2,525	1,920	2,976
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	22	31	53	62
Impaired Financing Receivable, Average Recorded Investment	22,466	13,216	21,632	12,192
Impaired Financing Receivable, Interest Income, Accrual Method	298	339	710	590
One-to-four family, residential, owner occupied
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	427	843	430	998
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	8	15	22	30
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	503	510	503	511
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	7	9	18	17
Impaired Financing Receivable, Average Recorded Investment	930	1,353	933	1,509
Impaired Financing Receivable, Interest Income, Accrual Method	15	24	40	47
One to four family residential non owner occupied
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,240	1,863	1,322	2,034
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	19	26	45	52
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,302	2,015	1,417	2,385
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	15	22	35	45
Impaired Financing Receivable, Average Recorded Investment	2,542	3,878	2,739	4,419
Impaired Financing Receivable, Interest Income, Accrual Method	34	48	80	97
Multifamily
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,104	2,149	2,104	2,265
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	46	38	140	76
Impaired Financing Receivable, Average Recorded Investment	2,104	2,149	2,104	2,345
Impaired Financing Receivable, Interest Income, Accrual Method	46	38	140	76
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	9,065	5,792	6,465	3,861
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	203	228	450	368
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment		0		80
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized		0		0
Impaired Financing Receivable, Average Recorded Investment	9,065	5,792	6,465	3,861
Impaired Financing Receivable, Interest Income, Accrual Method	203	228	450	368
Construction Land Development
Accounts, Notes, Loans and Financing Receivable
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	7,825	44	9,391	58
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	0	1	0	2
Impaired Financing Receivable, Average Recorded Investment	7,825	44	9,391	58
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 1	$ 0	$ 2

Loans Receivable_ Troubled Debt

Loans Receivable: Troubled Debt Restructurings on Financing Receivables (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)loan	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Loan Restructuring, Trial Modifications, Amount | loan				9
Financing Receivable, Troubled Debt Restructuring	$ 4,300,000			$ 4,300,000		$ 5,200,000
Troubled Debt Restructuring Commitment To Extend Additional Credit	0		$ 0	0	$ 0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 0		$ 0	0	$ 0
Financing Receivable, Troubled Debt Restructuring, Premodification				1,518,000
Financing Receivable, Troubled Debt Restructuring, Postmodification				$ 1,518,000
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
One to four family residential | Principal and Interest with Interest Rate Concession
Loan Restructuring, Trial Modifications, Amount | loan				6
Financing Receivable, Troubled Debt Restructuring, Premodification				$ 824,000
Financing Receivable, Troubled Debt Restructuring, Postmodification				$ 824,000
One to four family residential | Advancement of Maturity Date
Loan Restructuring, Trial Modifications, Amount | loan				3
Financing Receivable, Troubled Debt Restructuring, Premodification				$ 694,000
Financing Receivable, Troubled Debt Restructuring, Postmodification				$ 694,000

Other Real Estate Owned - Other

Other Real Estate Owned - Other Real Estate, Roll Forward (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 454,000	$ 454,000	$ 454,000	$ 483,000
Market value adjustments	0	0	0	29,000
Balance at end of period	$ 454,000	$ 454,000	$ 454,000	$ 454,000

Other Real Estate Owned (Detail

Other Real Estate Owned (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)property	Jun. 30, 2019USD ($)property	Jun. 30, 2020USD ($)property	Jun. 30, 2019USD ($)property	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Real Estate [Line Items]
Real estate properties sold | property	0	0	0	0
Market value adjustments	$ 0	$ 0	$ 0	$ (29,000)
Other real estate	454,000	$ 454,000	454,000	$ 454,000	$ 454,000	$ 454,000	$ 454,000	$ 483,000
Real Estate Acquired Through Foreclosure	2,100,000		2,100,000
Commercial Real Estate
Real Estate [Line Items]
Other real estate	454,000		454,000
One to four family residential
Real Estate [Line Items]
Real Estate Acquired Through Foreclosure	$ 0		$ 0

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	$ 128,874	$ 136,601
Derivative Asset, Fair Value, Gross Asset		426
Assets, Fair Value Disclosure		137,027
Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	13,757	15,629
Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	4,354	4,292
Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	21,276	23,050
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	11,023	11,448
Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	14,175	10,911
US Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	42,494	45,750
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	21,795	25,521
Derivative fair value liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value liability	4,181
Derivative fair value asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		426
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Derivative fair value liability	0
Derivative Asset, Fair Value, Gross Asset		0
Assets, Fair Value Disclosure		0
Level 1 | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | US Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 1 | Derivative fair value liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value liability	0
Level 1 | Derivative fair value asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	128,874	136,601
Derivative fair value liability	(4,181)
Derivative Asset, Fair Value, Gross Asset		426
Assets, Fair Value Disclosure		137,027
Level 2 | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	13,757	15,629
Level 2 | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	4,354	4,292
Level 2 | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	21,276	23,050
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	11,023	11,448
Level 2 | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	14,175	10,911
Level 2 | US Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	42,494	45,750
Level 2 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	21,795	25,521
Level 2 | Derivative fair value liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value liability	4,181
Level 2 | Derivative fair value asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		426
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Derivative fair value liability	0
Derivative Asset, Fair Value, Gross Asset		0
Assets, Fair Value Disclosure		0
Level 3 | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | US Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	0	0
Level 3 | Derivative fair value liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative fair value liability	$ 0
Level 3 | Derivative fair value asset
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		$ 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 ($)	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	$ 22,045,000		$ 19,939,000
OREO	454,000	$ 454,000	454,000	$ 454,000	$ 454,000	$ 483,000
Total, Fair Value	22,499,000		20,393,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	15,000		31,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	0		0
OREO	0		0
Total, Fair Value	0		0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	0		0
OREO	0		0
Total, Fair Value	0		0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	22,045,000		19,939,000
OREO	454,000		454,000
Total, Fair Value	$ 22,499,000		$ 20,393,000

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	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Loans Receivable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
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		0.00%	0.00%
Loans Receivable | Weighted Average
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range		0.00%	0.00%
Other Real Estate Owned
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
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		0.00%	0.00%
Other Real Estate Owned | Weighted Average
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range		0.00%	0.00%
Fair Value, Nonrecurring | Loans Receivable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Financial and Nonfinancial Liabilities, Fair Value Disclosure		$ 22,045	$ 19,939
Fair Value, Nonrecurring | Other Real Estate Owned
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Financial and Nonfinancial Liabilities, Fair Value Disclosure		$ 454	$ 454

Fair Value_ Balance Sheet Group

Fair Value: Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	$ 128,874	$ 136,601
Investments held-to-maturity	2,395	0
FHLB stock	6,410	7,009
Derivative Asset, Fair Value, Gross Asset		426
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	7,688	10,094
Interest-earning deposits with banks	66,250	12,896
Investments available-for-sale	0	0
Investments held-to-maturity	0
Loans receivable, net	0	0
FHLB stock	0	0
Accrued interest receivable	0	0
Derivative Asset, Fair Value, Gross Asset		0
Deposits	643,233	513,959
Certificates of deposit, retail	0	0
Certificates of deposit, brokered	0	0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Derivative fair value liability	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits with banks	0	0
Investments available-for-sale	128,874	136,601
Investments held-to-maturity	2,395
Loans receivable, net	0	0
FHLB stock	6,410	7,009
Accrued interest receivable	4,981	4,138
Derivative Asset, Fair Value, Gross Asset		426
Deposits	0	0
Certificates of deposit, retail	462,258	430,418
Certificates of deposit, brokered	33,023	94,556
Advances from the FHLB	124,271	137,706
Accrued interest payable	218	285
Derivative fair value liability	4,181
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits with banks	0	0
Investments available-for-sale	0	0
Investments held-to-maturity	0
Loans receivable, net	1,127,096	1,096,499
FHLB stock	0	0
Accrued interest receivable	0	0
Derivative Asset, Fair Value, Gross Asset		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
Derivative fair value liability	0
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	7,688	10,094
Interest-earning deposits with banks	66,250	12,896
Investments available-for-sale	128,874	136,601
Investments held-to-maturity	2,395
Loans receivable, net	1,138,243	1,108,462
FHLB stock	6,410	7,009
Accrued interest receivable	4,981	4,138
Derivative Asset, Fair Value, Gross Asset		426
Deposits	643,233	513,959
Certificates of deposit, retail	450,487	425,103
Certificates of deposit, brokered	32,448	94,472
Advances from the FHLB	120,000	137,700
Accrued interest payable	218	285
Derivative fair value liability	4,181
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	7,688	10,094
Interest-earning deposits with banks	66,250	12,896
Investments available-for-sale	128,874	136,601
Investments held-to-maturity	2,395
Loans receivable, net	1,127,096	1,096,499
FHLB stock	6,410	7,009
Accrued interest receivable	4,981	4,138
Derivative Asset, Fair Value, Gross Asset		426
Deposits	643,233	513,959
Certificates of deposit, retail	462,258	430,418
Certificates of deposit, brokered	33,023	94,556
Advances from the FHLB	124,271	137,706
Accrued interest payable	218	$ 285
Derivative fair value liability	$ 4,181

Leases (Details)

Leases (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)leaseRate	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)leaseRate	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	63 months		63 months
Monthly lease payment	$ 57,000		$ 57,000
Operating Lease, Expense	218,000	$ 169,000	443,000	$ 344,000
Right of use asset	2,972,000		2,972,000		$ 2,209,000
Operating Lease, Liability, Current	$ 3,070,000		$ 3,070,000
Operating Lease, Weighted Average Remaining Lease Term	7 years 4 months 24 days		7 years 4 months 24 days
Lessee, Operating Lease, Discount Rate | Rate	2.56%		2.56%
Leases, Operating [Abstract]
Property Subject to or Available for Operating Lease, Number of Units | lease	12		12
Operating Leases, Rent Expense, Minimum Rentals			$ 5,300,000
Minimum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	3 years		3 years
Lessee, Operating Lease, Term of Contract	2 months		2 months
Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	5 years		5 years
Lessee, Operating Lease, Term of Contract	5 years 2 months 12 days		5 years 2 months 12 days

Leases (Maturity of Leases) (De

Leases (Maturity of Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	7 years 4 months 24 days
Lessee, Operating Lease, Term of Contract	63 months
Due through one year	$ 618
Due after one year through two years	503
Due after two years through three years	467
Due after three years through four years	392
Due after four years through five years	297
Due after five years	1,089
Total minimum lease payments	3,366
Less: present value discount	(296)
Lease liability	$ 3,070	$ 2,279

Derivatives (Details)

Derivatives (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Oct. 31, 2016
Derivative [Line Items]
Derivative, Average Fixed Interest Rate	0.80%		0.80%
Derivative, Loss on Derivative			$ 4,200,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	$ 3,300,000		3,300,000
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net	0
Derivative Liability, Fair Value, Gross Liability	(4,181,000)		(4,181,000)
Derivative Asset, Fair Value, Gross Asset					$ 426,000
Interest rate swaps on FHLB debt designated as a cash flow hedge	(706,000)	$ (595,000)	(3,639,000)	$ 664,000
Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	120,000,000		120,000,000
Derivative, Fixed Interest Rate						1.22%
Derivative Liability, Fair Value, Gross Liability	(4,181,000)		(4,181,000)
Derivative Asset, Fair Value, Gross Asset					$ 426,000
Interest Rate Swap
Derivative [Line Items]
Derivative, Notional Amount	$ 25,000,000		$ 25,000,000
Forward Contracts
Derivative [Line Items]
Derivative, Term of Contract			7 years
Minimum | Interest Rate Swap
Derivative [Line Items]
Derivative, Term of Contract			4 years
Maximum | Interest Rate Swap
Derivative [Line Items]
Derivative, Term of Contract			8 years
Maximum | Forward Contracts
Derivative [Line Items]
Derivative, Term of Contract			8 years

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 63,000	$ 107,000	$ 142,000	$ 231,000
Tax benefit from compensation expense	$ 13,000	$ 22,000	$ 30,000	$ 48,000
Grants in period	0
First Financial Northwest Inc 2016 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	1,400,000		1,400,000
Available for grant (shares)	1,207,658		1,207,658
Expiration period			10 years
First Financial Northwest Inc 2016 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	400,000		400,000
Available for grant (shares)	303,829		303,829
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Percentage of options vesting per year			20.00%
Expiration period			10 years
Compensation cost not yet recognized	$ 14,000		$ 14,000
Compensation cost not yet recognized, weighted average vesting period			5 months
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	$ 144,000		$ 144,000
Compensation cost not yet recognized, weighted average vesting period			8 months
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	16,228		16,228		16,228	16,698
Granted, Shares			16,228
Expected to vest in 2018 | First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	0		0
Expected to vest and be available for exercise | First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	8,000
Expected to exercise at March 31 2018 | First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	305,000

Stock-Based Compensation Disclo

Stock-Based Compensation Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding Beginning Balance, Shares | shares	313,000	313,000
Outstanding Ending Balance, Shares | shares	313,000	313,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding Beginning Balance, Weighted Average Exercise Price	$ 10.34	$ 10.34
Outstanding Ending Balance, Weighted Average Exercise Price	$ 10.34	$ 10.34
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	3 years 5 months 23 days	3 years 5 months 23 days
Outstanding Ending Balance, Weighted Average Remaining Contractual Term	3 years 5 months 23 days	3 years 5 months 23 days
Share-based Compensation Arrangement by Share-based Payment Award, Options Outstanding, Aggregate Intrinsic [Roll Forward]
Outstanding Beginning Balance, Aggregate Intrinsic Value | $	$ 72,550	$ 1,440,310
Outstanding Ending Balance, Aggregate Intrinsic Value | $	$ 136,300	$ 136,300
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vest, Weighted Average Exercise Price	$ 3.66	$ 3.66
Exercisable at end of period, Shares | shares	305,000	305,000
Exercisable at end of period, Weighted Average Exercise Price	10.27	10.27
Exercisable at end of period, Weighted Average Remaining Contractual Term in Years	3 years 5 months 4 days	3 years 5 months 4 days
Exercisable at end of period, Aggregate Intrinsic Value | $	$ 136,300	$ 136,300
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	$ 3.69	$ 3.69
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value	$ 3.69	$ 3.69
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	16,228	16,698
Granted, Shares | shares		16,228
Vested, Shares | shares		(16,698)
Nonvested Ending Balance | shares	16,228	16,228
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	$ 13.61	$ 16.53
Granted, Weighted Average Grant Date Fair Value		13.61
Vested, Weighted Average Grant Date Fair Value		16.53
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value	$ 13.61	$ 13.61
Expected to vest assuming a 3% forfeiture rate over the vesting term
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vest, Shares | shares	312,760	312,760
Expected to Vest, Weighted Average Exercise Price	$ 10.34	$ 10.34
Expected to Vest, Weighted Average Remaining Contractual Term in Years	3 years 5 months 23 days	3 years 5 months 23 days
Expected to Vest, Aggregate Intrinsic Value | $	$ 136,300	$ 136,300
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Vested, Weighted Average Grant Date Fair Value	$ 3.69	$ 3.69
Expected to vest assuming a 3% forfeiture rate over the vesting term | 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 Ending Balance | shares	0	0
Expected to vest assuming a 3% forfeiture rate over the vesting term, Shares | shares	15,741	15,741
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value	$ 13.61	$ 13.61

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 2,143	$ 3,304	$ 3,827	$ 5,249
Less: Earnings allocated to participating securities	3	5	6	8
Earnings allocated to common shareholders	$ 2,140	$ 3,299	$ 3,821	$ 5,241
Basic weighted average common shares outstanding	9,808,854	9,952,419	9,852,544	10,034,895
Dilutive stock options	10,810	91,000	34,305	90,372
Dilutive restricted stock grants	0	2,936	3,390	6,840
Diluted weighted average common shares outstanding	9,819,664	10,046,355	9,890,239	10,132,107
Basic earnings (loss) per share (in dollars per share)	$ 0.22	$ 0.33	$ 0.39	$ 0.52
Diluted earnings (loss) per share (in dollars per share)	$ 0.22	$ 0.33	$ 0.39	$ 0.52

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	244,228	50,000	56,228	50,000

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
(Gain) loss on sale of investments available-for-sale	$ 69,000	$ 0	$ 69,000	$ (8,000)
Revenue from Contract with Customer, Excluding Assessed Tax	789,000	879,000	1,778,000	1,579,000
BOLI change in cash surrender value
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	254,000	189,000	509,000	458,000
Wealth management revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	183,000	261,000	348,000	457,000
Deposit related fees
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	79,000	88,000	146,000	157,000
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	105,000	117,000	213,000	219,000
Loan related fees
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	78,000	119,000	470,000	166,000
Loan interest swap fees
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	19,000	90,000	19,000	106,000
Other
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,000	$ 15,000	$ 4,000	$ 24,000

Revenue Recognition (Details)

Revenue Recognition (Details)	Jun. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Contract Liability	$ 0
Performance Obligation	$ 0