First Financial Northwest (FFNW) 10-K 12 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 08, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	FIRST FINANCIAL NORTHWEST, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	26-0610707
Amendment Flag	false
Document Transition Report	false
Entity Central Index Key	0001401564
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		9,655,614
Entity Public Float			$ 85,122,386
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Address, Address Line One	201 Wells Avenue South
Entity Address, City or Town	Renton
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98057
City Area Code	(425)
Local Phone Number	255-4400
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, $0.01 par value per share
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE 1. Portions of Registrant’s Definitive Proxy Statement for the 2020 Annual Meeting of Shareholders (Part III).
Document Period End Date	Dec. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Annual Report	true

FIRST FINANCIAL NORTHWEST, INC.

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash on hand and in banks	$ 7,995	$ 10,094
Interest-earning deposits with banks	72,494	12,896
Investments available-for-sale, at fair value	127,551	136,601
Loans and Leases Receivable, Allowance	15,174	13,218
Loans and Leases Receivable, Net Amount	1,100,582	1,108,462
Federal Home Loan Bank (“FHLB”) stock, at cost	6,410	7,009
Accrued interest receivable	5,508	4,138
Deferred tax assets, net	1,641	1,501
Other real estate owned (“OREO”)	454	454
Premises and equipment, net	22,579	22,466
Bank owned life insurance (“BOLI”)	33,034	31,982
Prepaid expenses and other assets	1,643	2,216
Operating Lease, Right-of-Use Asset	3,647	2,209
Goodwill	889	889
Core deposit intangible, net	824	968
Total assets	1,387,669	1,341,885
Liabilities and Stockholders’ Equity
Interest-bearing deposits	91,285	52,849
Interest-bearing Deposit Liabilities	1,002,348	980,685
Total deposits	1,093,633	1,033,534
FHLB advances	120,000	137,700
Advance payments from borrowers for taxes and insurance	2,498	2,921
Operating Lease, Liability, Current	3,783	2,279
Accrued interest payable	211	285
Other liabilities	11,242	8,847
Total liabilities	$ 1,231,367	$ 1,185,566
Stockholders’ Equity
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	90,000,000	90,000,000
Common Stock, Shares, Issued	9,736,875	10,252,953
Common Stock, Shares, Outstanding	9,736,875	10,252,953
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 15,167,381 shares at December 31, 2014, and 16,392,139 shares at December 31, 2013	97	103
Additional paid-in capital	82,095	87,370
Retained earnings, substantially restricted	78,003	73,321
Accumulated other comprehensive loss, net of tax benefit	(1,918)	(1,371)
Unearned Employee Stock Ownership Plan (“ESOP”) shares	(1,975)	(3,104)
Total stockholders’ equity	156,302	156,319
Total liabilities and stockholders’ equity	1,387,669	1,341,885
Loans and Leases Receivable, Allowance	15,174	13,218
Debt Securities, Held-to-maturity	$ 2,418	$ 0

FIRST FINANCIAL NORTHWEST, IN_2

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Interest income
Loans, including fees	$ 52,546	$ 54,636
Investments available-for-sale	3,173	4,329
Interest Income, Debt Securities, Held-to-maturity	23	0
Interest-earning deposits	52	293
Dividends on FHLB stock	320	362
Total interest income	56,114	59,620
Interest expense
Deposits	14,005	17,996
FHLB advances	1,640	2,716
Total interest expense	15,645	20,712
Net interest income	40,469	38,908
Provision (recapture of provision) for loan losses	1,900	(300)
Net interest income after provision (recapture of provision) for loan losses	38,569	39,208
Noninterest income
Net gain on sale of investments	86	151
Bank Owned Life Insurance Income	982	994
Brokerage Commissions Revenue	663	879
Deposit Fees	755	733
Loan Revenue	1,947	1,344
Other	9	40
Total noninterest income	4,442	4,141
Noninterest expense
Salaries and employee benefits	20,039	19,595
Occupancy and equipment	4,237	3,712
Professional fees	1,707	1,690
Data processing	2,822	2,031
Foreclosed Real Estate Recovery Expense, Net	9	34
Regulatory assessments	547	307
Insurance and bond premiums	445	375
Marketing	197	339
Other general and administrative	2,510	2,335
Total noninterest expense	32,513	30,418
Income before provision for federal income taxes	10,498	12,931
Federal income tax provision	1,942	2,562
Net income	$ 8,556	$ 10,369
Basic earnings (loss) per share (usd per share)	$ 0.88	$ 1.04
Diluted earnings (loss) per share (usd per share)	$ 0.88	$ 1.03
Weighted average number of common shares outstanding (in shares)	9,734,493	9,976,056
Weighted average number of diluted shares outstanding (in shares)	9,758,644	10,075,906

FIRST FINANCIAL NORTHWEST, IN_3

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 8,556	$ 10,369
Unrealized holding gains on available-for-sale securities	2,645	2,504
Tax provision	(556)	(526)
Reclassification adjustment for net gains realized in income	(86)	(151)
Tax benefit	18	32
Losses on cash flow hedges	(3,251)	(1,237)
Tax benefit	683	260
Other comprehensive (loss) income, net of tax	(547)	882
Total comprehensive income	$ 8,009	$ 11,251

FIRST FINANCIAL NORTHWEST, IN_4

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 (Loss) Income, net of tax	Unearned ESOP Shares
Balances at beginning of period - shares at Dec. 31, 2018		10,710,656
Balances at beginning of period - amount at Dec. 31, 2018	$ 153,738	$ 107	$ 93,773	$ 66,343	$ (2,253)	$ (4,232)
Increase (Decrease) in Stockholders' Equity
Total other comprehensive income, net of tax - amount	11,251
Cash dividends declared and paid				(3,478)
Net income	10,369			10,369
Other comprehensive loss	$ 882				882
Exercise of stock options - shares	2,000
Exercise of stock options - amount	$ 21	0	21
Repurchase and retirement of common stock (shares)	(479,052)
Repurchase and retirement of common stock	$ (7,406)	(4)	(7,402)
Allocation of ESOP shares	$ 1,698		570			1,128
Issuance of common stock - restricted stock awards, net	25,278
Issuance of common stock - restricted stock awards, net	$ (93)	$ 0	93
Stock compensation expense	$ 501		501
Canceled common stock - restricted stock awards	(5,929)
Canceled common stock - restricted stock awards	$ 0
Cash dividends declared and paid	3,478
Beginning balance adjustment from adoption of Topic 842	$ 87			87
Balances at end of period - shares at Dec. 31, 2019	10,252,953	10,252,953
Balances at end of period - amount at Dec. 31, 2019	$ 156,319	$ 103	87,370	73,321	(1,371)	(3,104)
Increase (Decrease) in Stockholders' Equity
Cash dividend declared and paid per share (usd per share)	$ 0.35
Allocated shares	112,853
Total other comprehensive income, net of tax - amount	$ 8,009
Cash dividends declared and paid				(3,874)
Net income	8,556			8,556
Other comprehensive loss	$ (547)				(547)
Repurchase and retirement of common stock (shares)	(544,626)
Repurchase and retirement of common stock	$ (5,706)	$ (6)	(5,700)
Allocation of ESOP shares	$ 1,200		71			1,129
Issuance of common stock - restricted stock awards, net	33,923
Issuance of common stock - restricted stock awards, net	$ (73)		73
Stock compensation expense	$ 427		427
Canceled common stock - restricted stock awards	(5,375)
Canceled common stock - restricted stock awards	$ 0
Cash dividends declared and paid	$ 3,874
Balances at end of period - shares at Dec. 31, 2020	9,736,875	9,736,875
Balances at end of period - amount at Dec. 31, 2020	$ 156,302	$ 97	$ 82,095	$ 78,003	$ (1,918)	$ (1,975)
Increase (Decrease) in Stockholders' Equity
Cash dividend declared and paid per share (usd per share)	$ 0.40
Allocated shares	112,854

FIRST FINANCIAL NORTHWEST, IN_5

FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 8,556	$ 10,369
Adjustments to reconcile net income to net cash provided by operating activities
Provision (recapture of provision) for loan losses	1,900	(300)
OREO market value adjustments	0	29
Net amortization of premiums and discounts on investments	767	835
Gain on sale of investments available-for-sale	(86)	(151)
Depreciation of premises and equipment	2,170	1,840
Loss on sale of premises and equipment	0	5
Decrease in deferred federal income taxes	5	109
Allocation of ESOP shares	1,200	1,698
Stock compensation expense	427	501
Increase in cash surrender value of BOLI	(982)	(994)
Change in Annuity Value	(43)	0
Changes in operating assets and liabilities:
Prepaid expenses and other assets	291	153
Right of use asset	678	553
Advance payments from borrowers for taxes and insurance	(423)	(12)
Accrued interest receivable	(1,370)	(70)
Lease liability	(612)	(483)
Accrued interest payable	(74)	(193)
Other liabilities	(430)	(809)
Net cash provided by operating activities	11,974	13,080
Cash flows from investing activities
Proceeds from sales and call of investments	12,082	14,260
Principal repayments on investments	12,809	7,395
Purchases of investments available-for-sale	(13,963)	(14,417)
Payments to Acquire Held-to-maturity Securities	(2,375)	0
Net decrease (increase) in loans receivable	5,980	(85,258)
Purchases of premises and equipment	(2,283)	(2,980)
Redemption of FHLB stock	599	301
Proceeds from BOLI	0	310
Purchase of BOLI	(70)	(1,457)
Net cash provided in investing activities	12,779	(81,846)
Cash flows from financing activities
Net increase in deposits	60,099	94,502
Advances from the FHLB	267,000	350,200
Repayments of advances from the FHLB	(284,700)	(359,000)
Proceeds from stock options exercises	0	21
Net share settlement of stock awards	(73)	(93)
Repurchase and retirement of common stock	(5,706)	(7,406)
Dividends paid	(3,874)	(3,478)
Net cash provided by financing activities	32,746	74,746
Cash and cash equivalents:
Net increase in cash and cash equivalents	57,499	5,980
Cash and cash equivalents at beginning of year	22,990	17,010
Cash and cash equivalents at end of year	80,489	22,990
Cash paid during the period for:
Interest	15,720	21,383
Federal income taxes	1,655	2,175
Noncash transactions:
Change in unrealized gain on investments available-for-sale	2,559	2,353
Change in unrealized losses on cash flow hedge	(3,251)	(1,237)
Initial recognition of right-of-use asset for new leases	2,116	2,762
Initial recognition of lease liability for new leases	$ 2,116	$ 2,762

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Nature of Operations and Principles of Consolidation 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 related data, relates primarily to First Financial Northwest Bank. First Financial Northwest converted from a savings and loan holding company to a bank holding company in 2015 and is subject to regulation by the Board of Governors of the Federal Reserve Bank of San Francisco (“FRB”). First Financial Northwest Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Washington State Department of Financial Institutions (“DFI”). First Financial Northwest Bank was organized in 1923 as a Washington state-chartered savings and loan association, converted to a federal mutual savings and loan association in 1935, and converted to a Washington state-chartered mutual savings bank in 1992. In 2002, First Financial Northwest Bank reorganized into a two-tier mutual holding company structure, became a stock savings bank and became the wholly-owned subsidiary of First Financial of Renton, Inc. In connection with the mutual to stock conversion in 2007, the Bank changed its name to First Savings Bank Northwest. In August 2015, the Bank changed its name to First Financial Northwest Bank to support the expansion of focus to being more than a traditional “savings” bank. In February 2016, the Bank changed its charter from a Washington chartered stock savings bank to a Washington chartered commercial bank. First Financial Northwest Bank is a community-based commercial bank primarily serving King and Snohomish Counties, and to a lesser extent, Pierce and Kitsap Counties, Washington. In King County, the headquarters and full-service banking office, as well as one branch office, are located in Renton. Additional King County branch offices are located in Bellevue, Woodinville, Bothell, Kent and Kirkland. In Snohomish County, five additional branch offices serve Mill Creek, Edmonds, Clearview, Smokey Point, and Lake Stevens. In Pierce County, two branch offices serve Gig Harbor and University Place. First Financial Northwest Bank’s business consists of attracting deposits from the public and utilizing these deposits to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business and consumer loans. First Financial Diversified Corporation (“FFD”), a wholly-owned subsidiary of First Financial Northwest, held a portfolio of one-to-four family, land and consumer loans that were serviced by the Bank, however, in 2019, FFD’s loan portfolio had been fully paid off. The accompanying consolidated financial statements include the accounts of First Financial Northwest and its wholly‑owned subsidiaries First Financial Northwest Bank and First Financial Diversified Corporation (collectively, “the Company”). All significant intercompany balances and transactions between First Financial Northwest and its subsidiaries have been eliminated in consolidation. Basis of Presentation and Use of Estimates The accounting and reporting policies of First Financial Northwest and its subsidiaries conform to U.S. generally accepted accounting principles (“GAAP”). In preparing the consolidated financial statements, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. Actual results could differ from these estimates. Material estimates particularly subject to change include the allowance for loan and lease losses (“ALLL”), other real estate owned (“OREO”), deferred tax assets and the fair values of financial instruments. Subsequent Events The Company has evaluated events and transactions subsequent to December 31, 2020 for potential recognition or disclosure. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand and in banks, interest-bearing deposits and federal funds sold all with maturities of three months or less. The Company is required to maintain an average reserve balance with the FRB or maintain such reserve balance in the form of cash. Effective March 26, 2020 the Federal Reserve lowered the reserve ratios on transaction accounts maintained at a depository institution to zero percent. There was no required reserve balance at December 31, 2020, and a required balance of $750,000 at December 31, 2019, that was met by holding cash and maintaining an average balance with the FRB. Investments Investments are classified into one of three categories: (1) held-to-maturity, (2) available-for-sale, or (3) trading. At December 31, 2020, we had held-to-maturity and available-for-sale, but no trading securities. At December 31, 2019, we had no held-to-maturity or trading securities. Investments are categorized as held-to-maturity when we have the positive intent and ability to hold them to maturity. Held-to-maturity investments are reported at fair value, which is the amortized cost. Investments are classified as available-for-sale if the Company intends to hold the securities for an indefinite period of time, but not necessarily to maturity. Investments available-for-sale are reported at fair value. Unrealized holding gains and losses on investments available-for-sale are excluded from earnings and are reported in other comprehensive income (loss), net of applicable taxes. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Amortization or accretion of purchase premiums and discounts are included in investment income using the level-yield method over the remaining period to contractual maturity. Dividend or interest income is recognized when it is earned. The estimated fair value of investments is based on quoted market prices for investments traded in active markets or dealer quotes. Mortgage-backed investments represent participation interest in pools of first mortgage loans originated and serviced by the issuers of the investments. 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. Management 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. For equity securities, the write-down is recorded as a realized loss in noninterest income in the Consolidated Income Statements. For debt securities, if management intends to sell the security or it is likely that management will be required to sell the security before recovering its cost basis, the entire impairment loss would be recognized in earnings as an OTTI. If management does not intend to sell the security and it is not likely that management will be required to sell the security but management does not expect to recover the entire amortized cost basis of the security, only the portion of the impairment loss representing credit losses would be recognized in earnings. The credit loss on a 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 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. Loans Receivable Loans are recorded at their outstanding principal balance adjusted for charge-offs, the ALLL and net deferred fees or costs. Interest on loans is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in the process of collection. Consumer and other loans are typically managed in the same manner. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is doubtful. The Company did not designate loans with payment deferrals granted due to the COVID-19 pandemic as delinquent in accordance with provisions of The Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”) and the Consolidated Appropriations Act, 2021 (the “CAA, 2021”) and related regulatory guidance. All interest accrued but not collected on loans that are placed on nonaccrual is reversed against interest income. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. In order to return a nonaccrual loan to accrual status, each loan is evaluated on a case-by-case basis. We evaluate the borrower’s financial condition to ensure that future loan payments are reasonably assured. We also take into consideration the borrower’s willingness and ability to make the loan payments and historical repayment performance. We require the borrower to make the loan payments consistently for a period of at least six months as agreed to under the terms of any modified loan agreement before we will consider reclassifying the loan to accrual status. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, market conditions, rent rolls and the financial strength of the borrower(s) and guarantor(s), if any. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrowers, including the length of the delay, the reasons for the delay, the borrower’s prior payment history and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured by the fair value method on a loan-by-loan basis. When a loan is identified as impaired, its impairment is measured using the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the sole (remaining) source of repayment for the loan is the operation or liquidation of the collateral. In these cases, the Company uses an observable market price or current fair value of the collateral, less certain completion costs and closing costs when foreclosure is probable, instead of discounted cash flows. The Company obtains annual updated appraisals for impaired collateral dependent loans that exceed $1.0 million. In addition, the Company may order appraisals on properties not included within these guidelines when there are extenuating circumstances where the Company is not otherwise able to determine the fair value of the property. Appraised values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation and/or management’s expertise and knowledge of the borrower. If management determines that the value of the impaired loan is less than the recorded investment in the loan, an impairment is recognized through an allowance estimate or a charge-off to the ALLL. Troubled Debt Restructurings Certain loan modifications or restructurings are accounted for as troubled debt restructurings (“TDR”). In general, the modification or restructuring of a debt is considered a TDR if, for economic or legal reasons related to the borrower’s financial difficulties, a concession is granted to the borrower that the Company would not otherwise consider. Examples of these modifications or restructurings include advancement of maturity date, accepting interest only payments for a period of time, or granting an interest rate concession for a period of time. The impaired portion of the loan with an interest rate concession and/or interest-only payments for a specific period of time are calculated based on the present value of expected future cash flows discounted at the loan’s effective interest rate. The effective interest rate is the rate of return implicit on the original loan. This impaired amount reduces the ALLL and a valuation allowance is established to reduce the loan balance. As loan payments are received in future periods, the ALLL entry is reversed and the valuation allowance is reduced utilizing the level-yield method over the modification period. A loan that is determined to be classified as a TDR is generally reported as a TDR until the loan is paid in full or otherwise settled, sold, or charged-off. The Company elected to apply the temporary relief under the CARES Act and related regulatory guidance to certain eligible short-term modifications, past due loans, and modifications. Qualifying loan modifications were not classified as TDR for accounting or disclosure purposes until 180 days following a loan's initial modification under the CARES Act and related regulatory guidance at which time those loans were classified as a TDR. Allowance for Loan and Lease Losses The allowance for loan and lease losses (“ALLL”) is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Any subsequent recoveries are credited to the allowance. The ALLL is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans and factors such as the nature and volume of the loan portfolio, historical loss considerations, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. The evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Additional analysis was completed on the ALLL during 2020 based on the significance of loan modifications in accordance with the CARES Act and regulatory guidance. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions or changes to the credit quality of the loan portfolio. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. Such agencies may require management to make adjustments to the allowance based on their judgments about information available to them at the time of their examination. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives used to compute depreciation and amortization is 15 to 40 years for buildings and building improvements, and is three seven Federal Home Loan Bank Stock As a member of the Federal Home Loan Bank System, the Bank is required to maintain a minimum level of investment in the Federal Home Loan Bank of Des Moines (“FHLB”) stock, based on specified percentages of total assets and the Bank’s outstanding FHLB advances. Ownership of FHLB stock is restricted to the FHLB and member institutions. The Bank’s investment in FHLB stock is carried at par value ($100 per share), which reasonably approximates its fair value. Transfer of Financial Assets Transfers of an entire financial asset, a group of entire financial assets, or participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Other Real Estate Owned OREO consists principally of properties acquired through foreclosure and is originally stated at estimated market value less selling costs. Losses arising from the acquisition of property, in full or partial satisfaction of loans, are charged to the ALLL. Subsequent to the transfer of foreclosed assets held for sale, the assets are recorded at the lower of cost or fair value (less estimated costs to sell), based on periodic evaluations. Subsequent write-downs in value are charged to noninterest expense. Generally, legal and professional fees associated with foreclosures are expensed as incurred. Costs incurred to improve property prior to sale are capitalized; however, in no event are recorded costs allowed to exceed estimated fair value. Subsequent gains, losses, or expenses recognized on the sale of these properties are included in noninterest expense. The amounts that will ultimately be recovered from foreclosed assets may differ substantially from the carrying value of the assets because of future market factors beyond management’s control. Bank-Owned Life Insurance The Company has purchased life insurance on certain key executives and officers. Bank-owned life insurance (“BOLI”) is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Increases to the cash surrender value are recorded as noninterest income and partially offset expenses for employee benefits. Certain BOLI contracts contain endorsement split-dollar life agreements. In these circumstances, the Bank accrues a reserve liability and related compensation expense for the expected future benefit payout. Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as unused lines of credit and commercial letters of credit issued to meet customer financing needs. The face amount of these items represents the exposure to loss before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Reserve for Unfunded Commitments Management maintains a reserve for unfunded commitments to absorb probable losses associated with our off-balance sheet commitments to lend funds such as unused lines of credit and the undisbursed portion of construction loans. Management determines the adequacy of the reserve based on reviews of individual exposures, current economic conditions, and other relevant factors. The reserve is based on estimates and ultimate losses may vary from the current estimates. The reserve is evaluated on a regular basis and necessary adjustments are reported in earnings during the period in which they become known. The reserve for unfunded commitments is included in the other liabilities section of the consolidated balance sheets. Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards, based on the fair value of these awards at the grant date. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the grant date is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Federal Income Taxes The Company files a consolidated Federal income tax return and records its provision for income taxes under the asset and liability method. Deferred taxes result from temporary differences in the recognition of certain income and expense amounts between the Company’s financial statements and its tax return. The principal items giving rise to these differences include net operating losses, valuation adjustments on foreclosed properties, and allowance for credit losses. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established to reduce the net carrying amount of deferred tax assets if it is determined to be more likely than not that all or some portion of the potential deferred tax asset will not be realized. The Company’s policy is to recognize interest and penalties associated with income tax matters in income tax expense. Employee Stock Ownership Plan The cost of shares issued to the Employee Stock Ownership Plan (“ESOP”), but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest. 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 earnings per share (“EPS”) pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared or accumulated and participation rights in undistributed earnings. Certain shares 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 share 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. As ESOP shares are committed to be released, they are included in the outstanding shares used in the basic EPS calculation. Diluted earnings per share is computed in a similar manner, except that first the denominator is increased to include the number of additional shares that would have been outstanding if potentially dilutive shares, excluding the participating securities, were issued using the treasury stock method. For all periods presented, stock options and certain restricted stock awards are potentially dilutive non-participating instruments issued by the Company. Undistributed losses are not allocated to the nonvested share-based payment awards (the participating securities) under the two-class method as the holders are not contractually obligated to share in the losses of the Company. Comprehensive Income Comprehensive income consists of net income and unrealized gains and losses on investments available-for-sale and derivatives, which are also recognized as separate components of equity, net of tax. Advertising Expenses Advertising costs are generally expensed as incurred and are not material. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Segment Information 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 providing lending services. Substantially all income is derived from a diverse base of investments and commercial, construction, mortgage, and consumer lending activities. Reclassification Certain amounts in the consolidated financial statements for prior years have been reclassified to conform to the current consolidated financial statement presentation. The results of the reclassifications are not considered material and have no effect on previously reported net income or stockholders’ equity. Derivatives The Company designates certain interest rate swap agreements as a cash flow hedge, and as such, reports the net fair value as an asset or liability. The hedge is utilized to mitigate the risk of variability in future interest payments. The fair value of the cash flow hedge 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 derivative is marked to its fair value, with the change in fair value recorded as other comprehensive income or loss. The gain or loss on the derivative is reclassified into earnings in the same income statement line item that is used to present the earnings effect of the hedged item. Goodwill Goodwill is recorded from a business combination as the difference in purchase price and fair value of the assets acquired and liabilities assumed. Goodwill has an indefinite useful life, and as such, is not amortized. The Company performs a goodwill impairment analysis on an annual basis as of December 31. Additionally, the Company performs an impairment analysis as needed when circumstances indicate impairment potentially exists. Any impairment will be recorded as a noninterest expense and corresponding reduction in intangible asset on the consolidated financial statements. Core Deposit Intangible A core deposit intangible (“CDI”) asset is recognized from the assumption of core deposit liabilities in connection with the acquisition of four branches from Opus Bank, a California state-chartered commercial bank (the “Branch Acquisition”). The asset was valued by a third party and is amortized into noninterest expense over ten years. The CDI is evaluated for impairment annually with any additional decline recorded as a noninterest expense on the Consolidated Income Statement. 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 ASU 2018-13 this ASU as of January 1, 2020, with no material impact on the Company’s 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. The Company is party to interest rate swap arrangements where the reference rate is LIBOR. This ASU was effective when issued, with elective adoption. The Company has adopted this ASU with no material impact on its consolidated financial statements. Recently Issued 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 (“ACL”) 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 fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted for smaller reporting companies, such as the Company. 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 ACL 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 in converting the ALLL to the ACL for the loan or investment portfolios 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 with 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 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 th

Investments

Investments	12 Months Ended
	Dec. 31, 2020
Investments [Abstract]
Investments	Investments The following tables summarize the amortized cost and fair value of investments available-for-sale at December 31, 2020 and 2019, and the corresponding amounts of gross unrealized gains and losses. December 31, 2020 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 12,797 $ 491 $ — $ 13,288 Freddie Mac 4,116 200 — 4,316 Ginnie Mae 16,513 617 (3) 17,127 Other 10,691 100 (62) 10,729 Municipal bonds 16,483 963 — 17,446 U.S. Government agencies 41,084 88 (537) 40,635 Corporate bonds 24,001 221 (212) 24,010 $ 125,685 $ 2,680 $ (814) $ 127,551 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 $ 137,294 $ 1,087 $ (1,780) $ 136,601 There were $2.4 million of investments classified as held-to-maturity at December 31, 2020, and none at December 31, 2019. In January 2020, the Bank purchased three annuity contracts 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. The amortized cost and estimated fair value of investments available-for-sale at December 31, 2020, by expected 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. December 31, 2020 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 8,977 8,905 Due after five years through ten years 18,259 18,469 Due after ten years 54,332 54,717 81,568 82,091 Mortgage-backed investments 44,117 45,460 $ 125,685 $ 127,551 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. Investments with a carrying value of $23.4 million and $19.0 million were pledged as collateral for public deposits at December 31, 2020, and 2019, respectively, both of which exceeded the minimum collateral requirements established by the Washington Public Deposit Protection Commission. At December 31, 2020, and 2019, there were no investments pledged as collateral for FHLB advances. Sales and other redemptions of available-for-sale investments were as follows: Year Ended December 31, 2020 2019 (In thousands) Proceeds $ 12,082 $ 14,260 Gross gains 189 190 Gross losses (103) (39) The following tables summarize the aggregate fair value and gross unrealized loss by length of time those investments have been continuously in an unrealized loss position at December 31, 2020 and 2019. December 31, 2020 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ — $ — $ — $ — $ — $ — Freddie Mac — — — — — — Ginnie Mae — — 1,311 (3) 1,311 (3) Other — — 5,942 (62) 5,942 (62) Municipal bonds — — — — — — U.S. Government agencies 1,716 (11) 30,991 (526) 32,707 (537) Corporate bonds — — 5,794 (212) 5,794 (212) $ 1,716 $ (11) $ 44,038 $ (803) $ 45,754 $ (814) December 31, 2019 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value 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) $ 28,858 $ (360) $ 57,572 $ (1,420) $ 86,430 $ (1,780) At December 31, 2020, and 2019, the Company had 20 and 37 securities, respectively, with a gross unrealized loss position. Management reviewed the financial condition of the entities underlying the securities at both December 31, 2020, and December 31, 2019, and determined that no OTTI was required. Management believes that, while actual fluctuation in unrealized losses will occur over the life of an investment security, the temporary impairment on the investment securities that were in an unrealized loss position at December 31, 2020 and 2019, will be incrementally relieved as the individual investment securities approach their respective contractual maturity dates. The unrealized losses relate principally to the general change in interest rate and illiquidity, and not credit quality. As management does not intend to sell the security, and it is likely that it will not be required to sell the security before its anticipated recovery, no declines are deemed to be other-than-temporary.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Loans Receivable	Loans ReceivableLoans receivable net of loans in process (“LIP”) at December 31, 2020, and 2019 are summarized as follows: December 31, 2020 2019 (In thousands) One-to-four family residential: Permanent owner occupied $ 206,323 $ 210,898 Permanent non-owner occupied 175,637 161,630 381,960 372,528 Multifamily: Permanent 136,694 172,915 136,694 172,915 Commercial real estate: Permanent 385,265 395,152 385,265 395,152 Construction/land: (1) One-to-four family residential 33,396 44,491 Multifamily 51,215 40,954 Commercial 5,783 19,550 Land 1,813 8,670 92,207 113,665 Business 80,663 37,779 Consumer 40,621 30,199 Total loans 1,117,410 1,122,238 Less: Deferred loan fees, net 1,654 558 ALLL 15,174 13,218 Loans receivable, net $ 1,100,582 $ 1,108,462 ____________ (1) Included in the construction/land category are “rollover” loans, which are loans that will convert upon completion of the construction period to permanent loans. At that time, the loans will be classified according to the underlying collateral. In addition, raw land or buildable lots, where the Company does not intend to finance the construction are included in the construction/land category. At December 31, 2020, we classified $51.2 million of multifamily loans, $1.8 million of commercial land loans and $5.8 million of commercial real estate loans as construction/land loans to facilitate the review of the composition of our loan portfolio. At December 31, 2019, $38.6 million of multifamily loans, $8.7 million of commercial land loans, $3.5 million one-to-four family residential and $18.3 million of commercial real estate loans were reclassified to the construction/land category. At December 31, 2020, and 2019, there were no loans classified as held for sale. Concentrations of credit. Most of the Bank’s lending activity occurs within the state of Washington. The primary market areas include King and to a lesser extent Pierce, Snohomish and Kitsap counties. At December 31, 2020, the Company’s loan portfolio consists of one-to-four family residential loans which comprised 34.2%, commercial real estate and multifamily loans were 34.5% and 12.2%, respectively, and construction/land loans were 8.3% of the total loan portfolio. Consumer and business loans accounted for the remaining 10.8% of the loan portfolio. During the year ended December 31, 2020, the Bank participated in the U.S. Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”), a guaranteed unsecured loan program enacted under the CARES Act to provide near-term relief to help small businesses impacted by COVID-19 sustain operations. PPP loans included in commercial business loans totaled $41.3 million, all of which are fully guaranteed by the SBA. The Bank expects that the great majority of PPP borrowers will seek full or partial forgiveness of their loan obligations in accordance with the CARES Act. Included in the one-to-four family residential, multifamily, commercial real estate, and business loan portfolios at December 31, 2020 were $420,000, $12.3 million, $68.5 million, and $15.1 million respectively, to the Company’s five largest borrowing relationships. The Company originates both adjustable and fixed interest rate loans. The composition of loans receivable at December 31, 2020, and 2019, was as follows: December 31, 2020 Fixed Rate Adjustable Rate Term to Maturity Principal Balance Term to Rate Adjustment Principal Balance (In thousands) Due within one year $ 30,627 Due within one year $ 294,220 After one year through three years 92,301 After one year through three years 82,153 After three years through five years 106,298 After three years through five years 98,296 After five years through ten years 107,788 After five years through ten years 100,495 Thereafter 205,232 Thereafter — $ 542,246 $ 575,164 December 31, 2019 Fixed Rate Adjustable Rate Term to Maturity Principal Balance Term to Rate Adjustment Principal Balance (In thousands) Due within one year $ 29,997 Due within one year $ 297,221 After one year through three years 63,055 After one year through three years 102,248 After three years through five years 68,659 After three years through five years 137,487 After five years through ten years 126,762 After five years through ten years 86,404 Thereafter 207,055 Thereafter 3,350 $ 495,528 $ 626,710 Our adjustable-rate loans are tied to various indexes, including LIBOR, the prime rate as published in The Wall Street Journal, and the FHLB. Certain adjustable‑rate loans have interest rate adjustment limitations and are generally indexed to the FHLB Long-Term Bullet advance rates published by the FHLB. Future market factors may affect the correlation of the interest rate adjustment with the rates paid on short‑term deposits that have been primarily utilized to fund these loans. Credit Quality Indicators . The Company assigns a risk rating to all credit exposures based on the 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 virtually no 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 (grade 5), 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” have 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 December 31, 2020, and 2019, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at December 31, 2020, and 2019 by type and risk category: December 31, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 376,918 $ 132,243 $ 316,955 $ 89,957 $ 80,208 $ 40,477 $ 1,036,758 Pass, grade 5 3,914 2,347 52,375 2,250 455 144 61,485 Special mention 601 — 15,935 — — — 16,536 Substandard 527 2,104 — — — — 2,631 Total $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 December 31, 2019 One-to-Four Multifamily Commercial Construction / Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 366,472 $ 170,810 $ 386,620 $ 98,892 $ 37,779 $ 30,157 $ 1,090,730 Pass, grade 5 4,891 — 8,007 2,249 — 42 15,189 Special mention 536 2,105 525 12,524 — — 15,690 Substandard 629 — — — — — 629 Total $ 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, it may establish a specific reserve in an amount deemed prudent to address the risk specifically or may allow the loss to be addressed in the general allowance. 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 loss allowances. 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 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 type of loan and reserve method for the periods indicated. The analysis of pooled loans excluded PPP loans as the Bank expects the majority of PPP borrowers will seek full or partial forgiveness of their loan obligations in accordance with the CARES Act. At or For the Year Ended December 31, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total ALLL: (In thousands) Beginning balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 Charge-offs — — — — — (2) (2) Recoveries 28 — 30 — — — 58 (Recapture) 119 (241) 1,538 (33) 102 415 1,900 Ending balance $ 3,181 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,174 General reserve $ 3,173 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,166 Specific reserve 8 — — — — — 8 Loans: Total Loans $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 Loans collectively evaluated for impairment (1) (3) $ 379,333 134,590 368,596 92,207 80,663 40,621 1,096,010 Loans individually evaluated for impairment (2) 2,627 2,104 16,669 — — — 21,400 ____________ (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. (3) PPP loans totaling $41.3 million were excluded from the collectively evaluated pool when calculating the ALLL as payment on these loans is guaranteed by the SBA. At or For the Year Ended December 31, 2019 One-to-Four Family Residential Multifamily Commercial Construction/ Business Consumer Total ALLL: (In thousands) Beginning balance $ 3,387 $ 1,680 $ 4,777 $ 2,331 $ 936 $ 236 $ 13,347 Charge-offs — — — — — — — Recoveries 73 45 — — — 53 171 (Recapture) (426) (118) (218) (109) 204 367 (300) Ending balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 General reserve $ 3,003 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,187 Specific reserve 31 — — — — — 31 Loans: Total Loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238 Loans collectively evaluated for impairment (1) $ 368,453 170,810 393,886 101,141 37,779 30,199 1,102,268 Loans individually evaluated for impairment (2) 4,075 2,105 1,266 12,524 — — 19,970 _____________ (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. Past Due Loans. At December 31, 2020, total past due loans comprised 0.24% of total loans as compared to 0.19% at December 31, 2019. The following tables represent a summary at December 31, 2020, and 2019, of the aging of loans by type: Loans Past Due as of December 31, 2020 30-59 Days 60-89 Days 90 Days and Greater Total Current Total Loans (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 77 $ — $ — $ 77 $ 206,246 $ 206,323 Non-owner occupied 159 — — 159 175,478 175,637 Multifamily — — 2,104 2,104 134,590 136,694 Commercial real estate — — — — 385,265 385,265 Construction/land — — — — 92,207 92,207 Total real estate 236 — 2,104 2,340 993,786 996,126 Business 275 — — 275 80,388 80,663 Consumer 38 — — 38 40,583 40,621 Total $ 549 $ — $ 2,104 $ 2,653 $ 1,114,757 $ 1,117,410 _________________________ (1) There were no loans 90 days past due and still accruing interest at December 31, 2020. Loans Past Due as of December 31, 2019 30-59 Days 60-89 Days 90 Days and Greater Total Current Total Loans (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 $ 2,184 $ — $ — $ 2,184 $ 1,120,054 $ 1,122,238 ________________________ (1) There were no loans 90 days past due and still accruing interest at December 31, 2019. Nonaccrual Loans. The following table is a summary of nonaccrual loans at December 31, 2020, and 2019, by type of loan: December 31, 2020 2019 (In thousands) One-to-four family residential $ — $ 95 Multifamily 2,104 — Total nonaccrual loans $ 2,104 $ 95 Nonperforming loans were $2.1 million and $95,000 at December 31, 2020, and 2019, respectively. Foregone interest on nonaccrual loans for the years ended December 31, 2020, and 2019, were $82,000 and $12,000, respectively. The following tables summarize the loan portfolio at December 31, 2020, and 2019, by type and payment activity: December 31, 2020 One-to-Four Multifamily Commercial Construction / Business Consumer Total (In thousands) Performing (1) $ 381,960 $ 134,590 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,115,306 Nonperforming — 2,104 — — — — 2,104 Total $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 ____________ (1) There were $206.3 million of owner-occupied one-to-four family residential loans and $175.6 million of non-owner occupied one-to-four family residential loans classified as performing. 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 $ 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) There were $95,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming. Impaired loans. The loan portfolio is constantly being monitored by management for delinquent loans and changes in the financial condition of each borrower. When an issue is identified with a borrower and it is determined that the loan needs to be classified as nonperforming and/or impaired, an evaluation of the collateral is performed prior to the end of the financial reporting period and, if necessary, an appraisal is ordered in accordance with the Company’s appraisal policy guidelines. Based on this evaluation, any additional provision for loan loss or charge-offs that may be needed is recorded prior to the end of the financial reporting period. At December 31, 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 loan. The following tables present a summary of loans individually evaluated for impairment at December 31, 2020, and 2019, by the type of loan: At December 31, 2020 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 274 $ 365 $ — Non-owner occupied 1,031 1,031 — Multifamily 2,104 2,104 — Commercial real estate 16,669 16,669 — Total 20,078 20,169 — Loans with an allowance: One-to-four family residential: Owner occupied 502 549 6 Non-owner occupied 820 820 2 Total 1,322 1,369 8 Total impaired loans: One-to-four family residential: Owner occupied 776 914 6 Non-owner occupied 1,851 1,851 2 Multifamily 2,104 2,104 — Commercial real estate 16,669 16,669 — Total $ 21,400 $ 21,538 $ 8 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. At 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 a summary of the average recorded investment in impaired loans, and interest income recognized on impaired loans for the years ended December 31, 2020 and 2019, by the type of loan: Year Ended December 31, 2020 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 $ 380 $ 18 $ 852 $ 36 Non-owner occupied 1,207 69 1,833 94 Multifamily 2,104 186 421 111 Commercial real estate 10,568 684 2,038 90 Construction/land 5,635 — 7,143 834 Consumer — — 43 — Total 19,894 957 12,330 1,165 Loans with an allowance: One-to-four family residential: Owner occupied 503 9 509 34 Non-owner occupied 1,206 52 2,092 93 Commercial real estate — — 48 — Total 1,709 61 2,649 127 Total impaired loans: One-to-four family residential: Owner occupied 883 27 1,361 70 Non-owner occupied 2,413 121 3,925 187 Multifamily 2,104 186 421 111 Commercial real estate 10,568 684 2,086 90 Construction/land 5,635 — 7,143 834 Consumer — — 43 — Total $ 21,603 $ 1,018 $ 14,979 $ 1,292 Troubled Debt Restructurings . The following is a summary of information pertaining to TDRs: December 31, 2020 2019 (In thousands) Performing TDRs $ 3,869 $ 5,246 Nonaccrual TDRs — — Total TDRs $ 3,869 $ 5,246 The accrual status of a loan may change after it has been classified as a TDR. Management considers the following in determining the accrual status of restructured loans: (1) if the loan was on accrual status prior to the restructuring, the borrower has demonstrated performance under the previous terms, and a credit evaluation shows the borrower’s capacity to continue to perform under the restructured terms (both principal and interest payments), the loan will remain on accrual at the time of the restructuring; (2) if the loan was on nonaccrual status before the restructuring, and the Company’s credit evaluation shows the borrower’s capacity to meet the restructured terms, the loan would remain as nonaccrual for a minimum of six months until the borrower has demonstrated a reasonable period of sustained repayment performance (thereby providing reasonable assurance as to the ultimate collection of principal and interest in full under the modified terms). The following table presents for the periods indicated TDRs and their recorded investment prior to the modification and after the modification: Year Ended December 31, 2020 2019 Number Pre-Modification Outstanding Post-Modification Outstanding Number Pre-Modification Outstanding Post-Modification Outstanding (Dollars in thousands) TDRs that occurred during the period: One-to-four family residential: Principal and interest with interest rate — $ — $ — 7 $ 1,360 $ 1,360 Advancement of maturity date — — — 3 694 694 Commercial real estate: Advancement of maturity date 1 1,249 1,249 1 855 855 Total 1 $ 1,249 $ 1,249 11 $ 2,909 $ 2,909 The 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. generally up to 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, as amended by the CAA, 2021, 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) January 1, 2022. At December 31, 2020, total loans receivable included $45.2 million of loans that were on active short-term deferrals under the CARES Act and related regulatory guidance. Loan modifications in accordance with the CARES Act are still subject to an impairment evaluation. At December 31, 2020 and 2019, the Company had no commitments to extend additional credit to borrowers whose loan terms have been modified in a TDR. All TDRs are also classified as impaired loans and are included in the loans individually evaluated for impairment in the calculation of the ALLL. TDRs resulted in no charge-offs to the ALLL for the years ended December 31, 2020 and 2019. For the years ended December 31, 2020 and 2019, there were no payment defaults on loans modified as TDRs within the previous 12 months. At December 31, 2020, and 2019, the Bank had no loans outstanding with executive officers or directors.

Other Real Estate Owned

Other Real Estate Owned	12 Months Ended
	Dec. 31, 2020
Other Real Estate [Abstract]
Other Real Estate Owned	Other Real Estate Owned The following table is a summary of OREO activity for the periods indicated: Year Ended December 31, 2020 2019 (In thousands) Balance at beginning of year $ 454 $ 483 Market value adjustments — (29) Balance at end of year $ 454 $ 454 OREO at December 31, 2020, consisted of $454,000 in commercial real estate properties. At December 31, 2020, there was one $2.1 million multifamily loan and no mortgage loans secured by residential real estate in the process of foreclosure.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment Premises and equipment consisted of the following at December 31, 2020, and 2019: December 31, 2020 2019 (In thousands) Land $ 2,226 $ 2,226 Buildings and improvements 20,213 20,213 Leasehold improvements 5,273 4,040 Furniture, fixtures and equipment 5,847 5,506 Computer hardware and software 3,703 3,297 37,262 35,282 Less accumulated depreciation and amortization (15,168) (13,043) Construction in process 485 227 Total premises and equipment, net $ 22,579 $ 22,466 Depreciation and amortization expense was $2.2 million and $1.8 million for the years ended December 31, 2020 and 2019, respectively.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Fair Value of Financial Instruments The Company measures the fair value of financial instruments for reporting in accordance with Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements. Fair values of assets or liabilities are based on estimates of the exit price, which is the price that would be received to sell an asset or paid to transfer a liability. When available, observable market transactions or market information is used. The fair value estimate of loans receivable was based on similar techniques, with the addition of current origination spreads, liquidity premiums, or credit adjustments. The fair value of nonperforming loans is based on the underlying value of the collateral. 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 pricing models utilizing observable market data and discounted cash flow methodologies 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 during the periods presented): December 31, 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) Available-for-sale investments: Mortgage-backed investments: Fannie Mae $ 13,288 $ — $ 13,288 $ — Freddie Mac 4,316 — 4,316 — Ginnie Mae 17,127 — 17,127 — Other 10,729 — 10,729 — Municipal bonds 17,446 — 17,446 — U.S. Government agencies 40,635 — 40,635 — Corporate bonds 24,010 — 24,010 — Total available-for-sale investments $ 127,551 $ — $ 127,551 $ — Liabilities: Derivative fair value liability $ 2,825 $ — $ 2,825 $ — 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) Available-for-sale investments: 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 fair value assets $ 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 and liabilities measured at fair value on a nonrecurring basis at December 31, 2020, and 2019. December 31, 2020 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 21,392 $ — $ — $ 21,392 OREO 454 — — 454 Total $ 21,846 $ — $ — $ 21,846 _______________ (1) Total value of impaired loans is net of $8,000 of specific reserves on performing TDRs. December 31, 2019 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) 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 value of impaired loans is net of $31,000 of specific reserves on performing TDRs. The following tables present quantitative information about Level 3 fair value measurements for financial assets measured at fair value on a nonrecurring basis at December 31, 2020 and 2019. December 31, 2020 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average Change in Fair Value) (Dollars in thousands) Impaired Loans (1) $ 21,392 Discounted cash flows Expected values of future cash flows 0.0% (0.00%) OREO $ 454 Market approach Estimated selling price less selling costs 0.0% (0.00%) _______________ (1) Total value of impaired loans is net of $8,000 of specific reserves on performing TDRs. December 31, 2019 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average Change in Fair Value) (Dollars in thousands) Impaired Loans $ 19,939 Discounted cash flows Expected values of future cash flows 0.0% (0.00%) OREO $ 454 Market approach Estimated selling price less selling costs 0.0% (0.00%) The fair value calculation of the Company’s financial instruments attempts to incorporate market conditions at a specific point in time. The underlying assumptions are generally subjective and involve uncertainties. Therefore, these fair value estimates are not intended to represent the underlying value of the Company as a whole. The carrying amounts and estimated fair values of financial instruments at December 31, 2020, and 2019, were as follows: December 31, 2020 Fair Value Measurements Using: Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 7,995 $ 7,995 $ 7,995 $ — $ — Interest-earning deposits 72,494 72,494 72,494 — — Investments available-for-sale 127,551 127,551 — 127,551 — Investments held-to-maturity 2,418 2,418 — 2,418 — Loans receivable, net 1,100,582 1,101,559 — — 1,101,559 FHLB stock 6,410 6,410 — 6,410 — Accrued interest receivable 5,508 5,508 — 5,508 — Financial Liabilities: Deposits 684,057 684,057 684,057 — — Certificates of deposit, retail 409,576 418,118 — 418,118 — Advances from the FHLB 120,000 120,006 — 120,006 — Accrued interest payable 211 211 — 211 — Derivative fair value liability 2,825 2,825 — 2,825 — December 31, 2019 Fair Value Measurements Using: Carrying Value Estimated 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 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 —

Accrued Interest Receivable

Accrued Interest Receivable	12 Months Ended
	Dec. 31, 2020
Accrued Interest Receivable [Abstract]
Accrued Interest Receivable	Note 7 - Accrued Interest Receivable Accrued interest receivable consisted of the following at December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Loans receivable $ 5,031 $ 3,518 Investments 477 603 Interest-earning deposits — 17 $ 5,508 $ 4,138

Deposits

Deposits	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Deposits	Deposits Deposit accounts consisted of the following at December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Noninterest-bearing $ 91,285 $ 52,849 Interest-bearing demand 108,182 65,897 Statement savings 19,221 17,447 Money market 465,369 377,766 Certificates of deposit, retail (1) 409,576 425,103 Certificates of deposit, brokered — 94,472 $ 1,093,633 $ 1,033,534 _______________ (1) Shown net of $12,000 and $28,000 unamortized purchase accounting adjustment on December 31, 2020, and 2019, respectively. At December 31, 2020, scheduled maturities of certificates of deposit were as follows: December 31, Amount (In thousands) 2021 $ 267,621 2022 63,288 2023 58,555 2024 18,522 2025 1,590 thereafter — $ 409,576 Deposits included public funds of $59.2 million and $34.0 million at December 31, 2020 and 2019, respectively. Certificates of deposit equal to or exceeding the FDIC insured amount of $250,000 included in deposits at December 31, 2020, and 2019, were $135.6 million and $130.6 million, respectively. Interest expense on certificates equal to or exceeding $250,000 totaled $3.0 million and $2.9 million for the years ended December 31, 2020 and 2019, respectively. Included in total deposits are accounts of $2.1 million at both December 31, 2020, and 2019, which are controlled by related parties. Interest expense on deposits for the periods indicated was as follows: Year Ended December 31, 2020 2019 (In thousands) Interest-bearing demand $ 292 $ 108 Statement savings 15 29 Money market 3,497 5,027 Certificates of deposit, retail 9,474 9,549 Certificates of deposit, brokered 727 3,283 $ 14,005 $ 17,996

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2020
Other Borrowings [Abstract]
Other Borrowings	Other Borrowings The Bank maintained credit facilities with the FHLB at December 31, 2020, and 2019, totaling $614.4 million and $588.7 million, respectively. At December 31, 2020, the credit facility was collateralized by $255.5 million of single-family residential mortgages, $196.2 million of commercial real estate loans and $72.1 million of multifamily loans under a blanket lien arrangement. At December 31, 2019, the credit facility was collateralized by $240.8 million of single-family residential mortgages, $186.9 million of commercial real estate loans, and $79.0 million of multifamily loans under a blanket lien arrangement. The Bank also had $82.2 million of unused line-of-credit facilities with the FRB and $75.0 million with other financial institutions at December 31, 2020, with interest payable at the then stated rate. Summary information related to outstanding advances at the FHLB during the years ended December 31, 2020, and 2019 consisted of the following: Year ended December 31, 2020 2019 (Dollars in thousands) Maximum borrowing outstanding at any month end $ 160,000 $ 184,500 Average borrowing outstanding during year 125,392 129,899 Balance outstanding at end of year 120,000 137,700 Average rate paid during the year 1.31 % 2.09 % Weighted-average rate paid at end of year 0.36 1.84 At December 31, 2020, all $120.0 million of FHLB advances were due to mature in 2021.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Leases The Company follows ASC topic 842, Leases , recognizing a ROU and lease liabilities included on the Company’s consolidated balance sheets. At December 31, 2020, the Company had thirteen operating leases for retail branch locations. The remaining initial lease terms range from 2 months to 10.1 years, with most leases carrying optional extensions of three The minimum monthly lease payments are generally based on square footage of the leased premises, with escalating minimum rent over the lease term. At December 31, 2020, the Company was committed to paying $67,000 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 Statement includes the amortized lease expense under ASC topic 842, Leases, combined with variable lease expenses for maintenance or other expenses as defined in the individual lease agreements. The Company’s consolidated balance sheet includes the ROU and lease liability. The following table includes details on these items at and for the years ended December 31, 2020, and 2019. December 31, 2020 December 31, 2019 (in thousands) Lease expense $ 936 $ 752 Right-of-use asset 3,647 2,209 Lease liability 3,783 2,279 Weighted average remaining term (in years) 7.23 6.1 Weighted average discount rate 2.10% 2.94% The following table provides a reconciliation between the undiscounted minimum lease payments at December 31, 2020 and the discounted lease liability at that date: December 31, 2020 (in thousands) Due through one year $ 713 Due after one year through two years 690 Due after two years through three years 569 Due after three years through four years 462 Due after four years through five years 362 Due after five years 1,286 Total minimum lease payments 4,082 Less: present value discount 299 Lease liability $ 3,783 The Company has secured a lease for a new retail branch in Issaquah, Washington, that commenced in August 2020 and opened in March 2021. The initial lease term is for 66 months and includes three extensions options of five years each. The first five-year extension is included in the lease liability calculation. The monthly rent, not including variable items, is $4,000 with a 3% annual increase thereafter.

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company uses derivative financial instruments in the form of interest rate swap agreements, which are designated as cash flow hedges, to manage the risk of changes in future cash flows due to interest rate fluctuations. The hedged items have a total notional amount of $120.0 million, and consist of rolling one-month or three-month FHLB advances that are renewed at the fixed interest rate at each renewal date. The hedging instruments have four eight seven eight Quarterly, the effectiveness evaluation is based upon the fluctuation of the interest the Company pays to the FHLB for the debt as compared to the one-month or three-month LIBOR interest received from the counterparty. At December 31, 2020, the $2.8 million net fair value loss of the cash flow hedges was reported with other liabilities. The tax effected amount of $2.2 million was included in Accumulated Other Comprehensive Income. There were no amounts recorded in the Consolidated Income Statements for the years ended December 31, 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 derivative instruments as of December 31, 2020 and 2019: Balance Sheet Location Fair Value at December 31, 2020 Fair Value at December 31, 2019 (In thousands) Interest rate swaps on FHLB debt designated as cash flow hedges (Other liabilities) other assets $ (2,825) $ 426 The following table presents the net unrealized gains (losses) on derivative instruments, net of tax, included on the Consolidated Statements of Comprehensive Income for the years ended December 31, 2020 and 2019: Location 2020 Amount of Loss Recognized In OCI, net of tax 2019 Amount of Loss Recognized In OCI, net of tax (In thousands) Interest rate swaps on FHLB debt designated as cash flow hedge Other Comprehensive Income $ (2,568) $ (977)

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Multi-employer Pension Plans The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (“The Pentegra DB Plan”), a tax-qualified defined-benefit pension plan that covers substantially all employees after one year of continuous employment. Pension benefits vest over a period of five years of credited service. The Pentegra DB Plan’s Employer Identification Number is 13-5645888 and the Plan Number is 333. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by a participating employer may be used to provide benefits to participants of other participating employers. As of March 31, 2013, the Pentegra DB Plan was frozen, eliminating all future benefit accruals for employees. Each employee’s accrued benefit was determined as of March 31, 2013. The funding target is the present value of all benefits that have accrued as of the first day of the current plan year (July 1). Because interest rates used to calculate the present value of all benefits (5.35% for 2020 and 5.51% for 2019) is significantly higher than current market rates, the funding target does not represent the Company’s actual liability upon withdrawal from participation in the Pentegra DB Plan, which is significantly larger than the funding target. The table below presents the funded status (market value of plan assets divided by funding target) of the plan as of July 1: 2020 2019 Source Valuation Report Valuation Report First Financial Northwest’s Plan (1) 101.7 % 101.7 % _________________ (1) Market value of plan assets reflects any contributions received through June 30, 2020, or 2019, respectively. Total contributions made to the Pentegra DB Plan, as reported on Form 5500, equal $138.3 million and $164.6 million for the plan years ended June 30, 2019 and June 30, 2018, respectively. The Company’s contributions to the Pentegra DB Plan are not more than 5% of the total contributions to the Pentegra DB Plan. The Company’s policy is to fund pension costs as accrued. Total contributions during the years ended December 31, 2020 and 2019 were: 2020 2019 Date Paid Amount Date Paid Amount (In thousands) 12/8/2020 $ 171 10/8/2019 $ 37 12/6/2019 503 Total $ 171 Total $ 540 Supplemental Executive Retirement Plan The Company has entered into post-employment agreements with certain key officers to provide supplemental retirement benefits. The Company recorded $235,000 and $74,000 of compensation expense for the years ended December 31, 2020, and 2019, respectively. At December 31, 2020, a $1.5 million liability was included in other liabilities on the Company’s consolidated balance sheet in support of the expected current and future benefit payments on these agreements. In addition, in January 2020, the Company purchased three annuity contracts, totaling $2.4 million, to satisfy the benefit obligation associated with certain supplemental executive retirement plan agreements. 401(k) Plan The Company has a savings plan under Section 401(k) of the Internal Revenue Code, covering substantially all employees after 90 days of continuous employment. Under the plan, employee contributions up to 6% will be matched 50% by the Company. Such matching becomes vested over a period of five years of credited service. Employees may make investments in various stock, money market, or fixed income plans. The Company contributed $266,000 and $333,000 to the plan for the years ended December 31, 2020, and 2019, respectively. Employee Stock Ownership Plan The Company provides an ESOP for the benefit of substantially all employees. The ESOP borrowed $16.9 million from First Financial Northwest and used those funds to acquire 1,692,800 shares of First Financial Northwest’s stock at the time of the initial public offering at a price of $10.00 per share. The loan matures on October 8, 2022 and has a fixed interest rate of 4.88%. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and are allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to First Financial Northwest. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company’s discretionary contributions to the ESOP and earnings on the ESOP assets. Annual principal and interest payments of $1.6 million were made by the ESOP during 2020, and 2019. As shares are committed to be released from collateral, the Company reports compensation expense equal to the daily average market prices of the shares and the shares become outstanding for EPS computations. The compensation expense is accrued throughout the year. A summary of key transactions for the ESOP for the periods indicated follows: 2020 2019 (In thousands) ESOP contribution expense $ 1,200 $ 1,698 Dividends on unallocated ESOP shares used to reduce ESOP contribution 124 148 Shares held by the ESOP at December 31, 2020 and 2019, are as follows: December 31, 2020 2019 (Dollars in thousands, except share data) Allocated shares 1,495,307 1,382,453 Unallocated shares 197,493 310,347 Total ESOP shares 1,692,800 1,692,800 Fair value of unallocated shares $ 2,251 $ 4,637 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. The 2016 Plan expires in 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 be awarded. 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. Restricted stock awards and stock options that were granted under the 2008 Plan will continue to vest and be available for exercise, subject to the 2008 Plan provisions. At December 31, 2020, there were 1,172,268 total shares available for grant under the 2016 Plan, including 286,134 shares available to be granted as restricted stock. 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. Total compensation expense for the both the 2008 Plan and 2016 Plan for the years ended December 31, 2020, and 2019, was $427,000 and $501,000, respectively. The related income tax benefit was $90,000 and $105,000 for the years ended December 31, 2020, and 2019, 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 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. 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. The fair value of each option award is estimated on the grant date using a Black-Scholes model that uses the assumptions noted in the table below. 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 “simplified” method permitted by the U.S. Securities and Exchange Commission 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. There were no stock options granted in 2020. There were 50,000 stock options granted in 2019, however, these shares were forfeited later in the year. A summary of the Company’s stock option plan awards activity for the year ended December 31, 2020 follows: Shares Weighted- Weighted- Aggregate Outstanding at December 31, 2019 313,000 $ 10.34 $ 1,440,310 Outstanding at December 31, 2020 313,000 10.34 2.98 $ 397,890 Expected to vest assuming a 3% forfeiture rate over the vesting term 313,000 10.34 2.98 397,890 Exercisable at December 31, 2020 313,000 10.34 2.98 397,890 As of December 31, 2020, there was no unrecognized compensation cost related to nonvested stock options. Restricted Stock Awards A summary of changes in nonvested restricted stock awards for the year ended December 31, 2020, follows: Nonvested Shares Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2019 16,698 16.53 Granted 33,923 11.27 Vested (34,393) 12.72 Nonvested at December 31, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61 As of December 31, 2020, there was $36,000 of total unrecognized compensation costs related to nonvested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of two

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal Income Taxes	Federal Income Taxes The components of income tax expense for the years indicated are as follows: Year Ended December 31, 2020 2019 (In thousands) Current $ 1,937 $ 2,453 Deferred 5 109 Total income tax expense $ 1,942 $ 2,562 A reconciliation of the tax provision based on the statutory corporate rate of 21% for the year ended December 31, 2020, and 2019, on pretax income is as follows: Year Ended December 31, 2020 2019 (In thousands) Income tax expense at statutory rate $ 2,205 $ 2,715 Income tax effect of: Tax exempt interest, net (23) (25) BOLI income, net (200) (203) Other, net (40) 75 Total income tax expense $ 1,942 $ 2,562 The deferred tax assets and liabilities, included in the accompanying consolidated balance sheets, consisted of the following at the dates indicated: December 31, 2020 2019 (In thousands) Deferred tax assets: ALLL $ 3,187 $ 2,775 Reserve for unfunded commitments 74 90 Deferred compensation 309 272 Net unrealized loss on investments available-for-sale — 146 Net unrealized loss on derivative fair value 594 — Reserve for uncollected interest 45 — Employee benefit plans 424 487 OREO market value adjustments 10 10 Accrued expenses 141 93 Core deposit intangible 42 30 Expenses to facilitate branch acquisition 22 24 Split dollar life insurance 78 67 Lease liability 794 479 Total deferred tax assets 5,720 4,473 Deferred tax liabilities: FHLB stock dividends 4 16 Loan origination fees and costs 1,031 940 Net unrealized gain on investments available for sale 392 — Gain on fair value of cash flow hedge — 89 Fixed assets 1,785 1,387 Goodwill 42 29 Right of use asset 766 464 Other, net 59 47 Total deferred tax liabilities $ 4,079 $ 2,972 Deferred tax assets, net $ 1,641 $ 1,501 Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. At December 31, 2020 and 2019, the Company had no net operating loss carryforward. As a result of the bad debt deductions taken in years prior to 1988, retained earnings includes accumulated earnings of approximately $4.5 million, on which federal income taxes have not been provided. If, in the future, this portion of retained earnings is used for any purpose other than to absorb losses on loans or on property acquired through foreclosure, federal income taxes may be imposed at the then-prevailing corporate tax rates. The Bank does not contemplate that such amounts will be used for any purpose that would create a federal income tax liability; therefore no provision has been made. Under GAAP, a valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax asset will not be realized. In order to support a conclusion that a valuation allowance is not needed, management evaluates both positive and negative evidence under the “more likely than not” standard. The weight given to the potential effect of negative and positive evidence should be commensurate with the extent to which the strength of the evidence can be objectively verified. As of December 31, 2020, it was determined the full deferred tax asset would be realized in future periods and a valuation allowance would not be necessary. The CARES Act, among other things, permits net operating loss (“NOL”) carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company evaluated the impact of the CARES Act and determined that none of the changes would result in a material income tax benefit to the Company. In addition, the Company has determined that neither the enactment of the CAA, 2021, nor changes to income tax laws or regulations in other jurisdictions have a significant impact on income taxes. The Company had no unrecognized tax benefits at December 31, 2020 or 2019, and recognized no interest or tax penalties. The Company has filed U.S. federal income tax returns. Income tax returns filed are subject to examination by the U.S. federal, state, and local income tax authorities. While no income tax returns are currently being examined, the Company is no longer subject to tax examination by tax authorities for years prior to 2017.

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Capital Requirements	Regulatory Capital Requirements Under Federal regulations, pre-conversion retained earnings are restricted for the protection of pre-conversion depositors. The Company is a bank holding company under the supervision of the Federal Reserve Bank of San Francisco. Bank holding companies are subject to capital adequacy requirements of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) under the Bank Holding Company Act of 1956, as amended, and the regulations of the Federal Reserve Board, except that, pursuant to the Economic Growth, Regulatory Relief and Consumer Protection Act, effective August 30, 2018, a bank holding company with consolidated assets of less than $3 billion is generally not subject to the Federal Reserve’s capital regulations, which parallel the FDIC’s capital regulations. The Bank is a federally insured institution and thereby is subject to the capital requirements established by the FDIC. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital regulations that involve quantitative measures of their assets, liabilities, and certain off-balance- sheet items as calculated under regulatory accounting practices, and until August 30, 2018, First Financial Northwest was subject to similar capital regulations. The Company was not subject to regulatory requirements for bank holding companies at December 31, 2020, and 2019, as its assets were less than the $3.0 billion threshold. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table that follows) of total and Tier 1 capital to risk-weighted assets (as defined in the regulations) and of Tier 1 capital to average assets. As of December 31, 2020, according to the most recent notification from the FDIC, the Bank was categorized as well‑capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since the notification that management believes have changed the Bank’s category. First Financial Northwest Bank’s actual capital amounts and ratios at December 31, 2020, and 2019, are presented in the following table. To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020: Total risk-based capital $ 152,610 15.57 % $ 78,406 8.00 % $ 98,008 10.00 % Tier 1 risk-based capital 140,319 14.32 58,805 6.00 78,406 8.00 Common equity tier 1 capital (“CET1”) 140,319 14.32 44,103 4.50 63,705 6.50 Tier 1 leverage capital 140,319 10.29 54,551 4.00 68,189 5.00 December 31, 2019: Total risk-based capital $ 148,048 14.38 % $ 82,359 8.00 % $ 102,949 10.00 % Tier 1 risk-based capital 135,170 13.13 61,769 6.00 82,359 8.00 Common equity tier 1 capital (“CET1”) 135,170 13.13 46,327 4.50 66,917 6.50 Tier 1 leverage capital 135,170 10.27 52,630 4.00 65,787 5.00 In addition to the minimum CET1, Tier 1, total capital and leverage ratios, the Bank must maintain a capital conservation buffer consisting of additional CET1 capital greater than 2.5% of risk-weighted assets above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. As of December 31, 2020, the Bank’s conservation buffer was 7.57%.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Financial Instruments with Off-Balance-Sheet Risk. In the normal course of business, the Company makes loan commitments, typically unfunded loans and unused lines of credit, to accommodate the financial needs of its customers. These arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including collateral requirements, where appropriate. Commitments to extend credit are agreements to lend to customers in accordance with predetermined contractual provisions. These commitments are for specific periods or, may contain termination clauses and may require the payment of a fee. The total amounts of unused commitments do not necessarily represent future credit exposure or cash requirements, in that commitments can expire without being drawn upon. Unfunded commitments to originate loans or extend credit totaled $100.6 million at December 31, 2020, and $129.7 million at December 31, 2019. Lease Commitments. First Financial Northwest Bank has entered into lease commitments for its branches located in Mill Creek, Edmonds, Renton, Bellevue, Woodinville, Smokey Point, Lake Stevens, Bothell, Kent, Kirkland, University Place, Gig Harbor, and Issaquah, all in Washington. For more information on the Company’s lease commitments, see Note 10 - Leases. Legal Proceedings . The Company and its subsidiaries are from time to time defendants in and are threatened with various legal proceedings arising from their regular business activities. Management, after consulting with legal counsel, is of the opinion that the ultimate liability, if any, resulting from these pending or threatened actions and proceedings will not have a material effect on the consolidated financial statements of the Company.

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure	Parent Company Only Financial Statements Presented below are the condensed balance sheets, income statements and statements of cash flows for First Financial Northwest. FIRST FINANCIAL NORTHWEST, INC. Condensed Balance Sheets December 31, 2020 2019 (In thousands) Assets Cash and cash equivalents $ 82 $ 235 Interest-bearing deposits 14,346 18,456 Investment in subsidiaries 141,376 136,907 Receivable from subsidiaries 689 990 Deferred tax assets, net 2 — Other assets 28 46 Total assets $ 156,523 $ 156,634 Liabilities and Stockholders’ Equity Liabilities: Payable to subsidiaries $ 64 $ 128 Deferred tax liability, net — 2 Other liabilities 157 185 Total liabilities 221 315 Stockholders’ equity 156,302 156,319 Total liabilities and stockholders’ equity $ 156,523 $ 156,634 FIRST FINANCIAL NORTHWEST, INC. Condensed Income Statements Year Ended December 31, 2020 2019 (In thousands) Operating income: Interest income: Interest-bearing deposits with banks $ 56 $ 153 Total operating income 56 153 Operating expenses: Other expenses 1,648 1,732 Total operating expenses 1,648 1,732 Loss before benefit for federal income taxes and equity in undistributed (1,592) (1,579) Federal income tax benefit (360) (363) Loss before equity in undistributed loss of subsidiaries (1,232) (1,216) Equity in undistributed earnings of subsidiaries 9,788 11,585 Net income $ 8,556 $ 10,369 FIRST FINANCIAL NORTHWEST, INC. Condensed Statements of Cash Flows Year Ended December 31, 2020 2019 (In thousands) Cash flows from operating activities: Net income $ 8,556 $ 10,369 Adjustments to reconcile net income to net cash from operating activities: Equity in undistributed earnings of subsidiaries (9,788) (11,585) Dividends received from subsidiary 4,888 6,525 ESOP, stock options, and restricted stock compensation 24 19 Change in deferred tax liability, net (4) — Change in receivables from subsidiaries 9 (9) Change in payables to subsidiaries (64) 81 Change in other assets 18 6 Changes in other liabilities (28) 2 Net cash provided by operating activities 3,611 5,408 Cash flows from investing activities: ESOP loan repayment 1,421 1,354 Net cash provided in investing activities 1,421 1,354 Cash flows from financing activities: Proceeds from exercise of stock options — 21 Proceeds for vested awards 358 383 Net share settlement of stock awards (73) (93) Repurchase and retirement of common stock (5,706) (7,406) Dividends paid (3,874) (3,478) Net cash used by financing activities (9,295) (10,573) Net decrease in cash (4,263) (3,811) Cash and cash equivalents at beginning of year 18,691 22,502 Cash and cash equivalents at end of year $ 14,428 $ 18,691

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated. Year Ended December 31, 2020 2019 (Dollars in thousands, except share data) Net income $ 8,556 $ 10,369 Earnings allocated to participating securities (14) (16) Earnings allocated to common shareholders $ 8,542 $ 10,353 Basic weighted-average common shares outstanding 9,734,493 9,976,056 Dilutive effect of stock options 20,460 93,446 Dilutive effect of restricted stock grants 3,691 6,404 Diluted weighted-average common shares outstanding 9,758,644 10,075,906 Basic earnings per share $ 0.88 $ 1.04 Diluted earnings per share $ 0.88 $ 1.03 Potential dilutive shares are excluded from the computation of EPS if their effect is anti-dilutive. Options to purchase additional 203,000 shares of common stock were not included in the computation of diluted EPS at December 31, 2020, as the incremental shares under the treasury stock method of calculation resulted in them being antidilutive. At December 31, 2019, there were no anti-dilutive shares outstanding related to options to acquire common stock..

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 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 years ended December 31, 2020 and 2019: Year Ended December 31, 2020 2019 (In thousands) Gain on sales of investment securities (1) $ 86 $ 151 BOLI income (1) 982 994 Wealth management revenue 663 879 Deposit servicing fees 277 284 Debit card and ATM fees 478 449 Loan servicing fees 1,517 681 Loan interest swap servicing fees 430 663 Other 9 40 Total noninterest income $ 4,442 $ 4,141 ____________ (1) Not in scope of Topic 606 For the year ended December 31, 2020, 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, monthly or annual 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. Fees are also earned on the prepayment of certain loans, and are recognized at the time the loan is paid off. Loan interest swap fees: For loans participating in an interest rate swap agreement, servicing 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

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 1, 2021, the Company began repurchasing shares of common stock under the repurchase plan approved by the Company’s Board of Directors on December 21, 2020, authorizing the repurchase of approximately 486,000 shares of the Company’s common stock. At March 8, 2021, the Company had repurchased 80,422 shares at an average price of $12.96 per share. At this date, 405,578 shares remained available for repurchase under this plan.In late February 2021, we discovered that the lead bank on loans we had participated in had downgraded certain loans to special mention. We are in the process of conducting an independent analysis of these loans. If we determine it is appropriate, the result will be a downgrade of approximately $5.4 million in these commercial real estate participation loans (secured by nursing home/rehabilitation facilities), we estimate that this could impact our ALLL for the quarter ending March 31, 2021, by an amount between $400,000 and $500,000.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Transfer of Financial Assets	Transfer of Financial Assets Transfers of an entire financial asset, a group of entire financial assets, or participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Basis of Presentation and Use of Estimates	Nature of Operations and Principles of Consolidation 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 related data, relates primarily to First Financial Northwest Bank. First Financial Northwest converted from a savings and loan holding company to a bank holding company in 2015 and is subject to regulation by the Board of Governors of the Federal Reserve Bank of San Francisco (“FRB”). First Financial Northwest Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Washington State Department of Financial Institutions (“DFI”). First Financial Northwest Bank was organized in 1923 as a Washington state-chartered savings and loan association, converted to a federal mutual savings and loan association in 1935, and converted to a Washington state-chartered mutual savings bank in 1992. In 2002, First Financial Northwest Bank reorganized into a two-tier mutual holding company structure, became a stock savings bank and became the wholly-owned subsidiary of First Financial of Renton, Inc. In connection with the mutual to stock conversion in 2007, the Bank changed its name to First Savings Bank Northwest. In August 2015, the Bank changed its name to First Financial Northwest Bank to support the expansion of focus to being more than a traditional “savings” bank. In February 2016, the Bank changed its charter from a Washington chartered stock savings bank to a Washington chartered commercial bank. First Financial Northwest Bank is a community-based commercial bank primarily serving King and Snohomish Counties, and to a lesser extent, Pierce and Kitsap Counties, Washington. In King County, the headquarters and full-service banking office, as well as one branch office, are located in Renton. Additional King County branch offices are located in Bellevue, Woodinville, Bothell, Kent and Kirkland. In Snohomish County, five additional branch offices serve Mill Creek, Edmonds, Clearview, Smokey Point, and Lake Stevens. In Pierce County, two branch offices serve Gig Harbor and University Place. First Financial Northwest Bank’s business consists of attracting deposits from the public and utilizing these deposits to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business and consumer loans. First Financial Diversified Corporation (“FFD”), a wholly-owned subsidiary of First Financial Northwest, held a portfolio of one-to-four family, land and consumer loans that were serviced by the Bank, however, in 2019, FFD’s loan portfolio had been fully paid off. The accompanying consolidated financial statements include the accounts of First Financial Northwest and its wholly‑owned subsidiaries First Financial Northwest Bank and First Financial Diversified Corporation (collectively, “the Company”). All significant intercompany balances and transactions between First Financial Northwest and its subsidiaries have been eliminated in consolidation. Basis of Presentation and Use of Estimates
Subsequent Events	Subsequent Events
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand and in banks, interest-bearing deposits and federal funds sold all with maturities of three months or less. The Company is required to maintain an average reserve balance with the FRB or maintain such reserve balance in the form of cash. Effective March 26, 2020 the Federal Reserve lowered the reserve ratios on transaction accounts maintained at a depository institution to zero percent. There was no required reserve balance at December 31, 2020, and a required balance of $750,000 at December 31, 2019, that was met by holding cash and maintaining an average balance with the FRB.
Investments	Investments Investments are classified into one of three categories: (1) held-to-maturity, (2) available-for-sale, or (3) trading. At December 31, 2020, we had held-to-maturity and available-for-sale, but no trading securities. At December 31, 2019, we had no held-to-maturity or trading securities. Investments are categorized as held-to-maturity when we have the positive intent and ability to hold them to maturity. Held-to-maturity investments are reported at fair value, which is the amortized cost. Investments are classified as available-for-sale if the Company intends to hold the securities for an indefinite period of time, but not necessarily to maturity. Investments available-for-sale are reported at fair value. Unrealized holding gains and losses on investments available-for-sale are excluded from earnings and are reported in other comprehensive income (loss), net of applicable taxes. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Amortization or accretion of purchase premiums and discounts are included in investment income using the level-yield method over the remaining period to contractual maturity. Dividend or interest income is recognized when it is earned. The estimated fair value of investments is based on quoted market prices for investments traded in active markets or dealer quotes. Mortgage-backed investments represent participation interest in pools of first mortgage loans originated and serviced by the issuers of the investments. 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. Management 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. For equity securities, the write-down is recorded as a realized loss in noninterest income in the Consolidated Income Statements. For debt securities, if management intends to sell the security or it is likely that management will be required to sell the security before recovering its cost basis, the entire impairment loss would be recognized in earnings as an OTTI. If management does not intend to sell the security and it is not likely that management will be required to sell the security but management does not expect to recover the entire amortized cost basis of the security, only the portion of the impairment loss representing credit losses would be recognized in earnings. The credit loss on a 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 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.
Loans Receivable	Loans Receivable Loans are recorded at their outstanding principal balance adjusted for charge-offs, the ALLL and net deferred fees or costs. Interest on loans is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in the process of collection. Consumer and other loans are typically managed in the same manner. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is doubtful. The Company did not designate loans with payment deferrals granted due to the COVID-19 pandemic as delinquent in accordance with provisions of The Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”) and the Consolidated Appropriations Act, 2021 (the “CAA, 2021”) and related regulatory guidance. All interest accrued but not collected on loans that are placed on nonaccrual is reversed against interest income. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. In order to return a nonaccrual loan to accrual status, each loan is evaluated on a case-by-case basis. We evaluate the borrower’s financial condition to ensure that future loan payments are reasonably assured. We also take into consideration the borrower’s willingness and ability to make the loan payments and historical repayment performance. We require the borrower to make the loan payments consistently for a period of at least six months as agreed to under the terms of any modified loan agreement before we will consider reclassifying the loan to accrual status.
Allowance for Loan and Lease Losses (ALLL)	Allowance for Loan and Lease Losses The allowance for loan and lease losses (“ALLL”) is a valuation allowance for probable incurred credit losses. Losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Any subsequent recoveries are credited to the allowance. The ALLL is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans and factors such as the nature and volume of the loan portfolio, historical loss considerations, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. The evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Additional analysis was completed on the ALLL during 2020 based on the significance of loan modifications in accordance with the CARES Act and regulatory guidance. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions or changes to the credit quality of the loan portfolio. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALLL. Such agencies may require management to make adjustments to the allowance based on their judgments about information available to them at the time of their examination.
Impaired Loans	Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, market conditions, rent rolls and the financial strength of the borrower(s) and guarantor(s), if any. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrowers, including the length of the delay, the reasons for the delay, the borrower’s prior payment history and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured by the fair value method on a loan-by-loan basis.
Troubled Debt Restructurings	Troubled Debt Restructurings    Certain loan modifications or restructurings are accounted for as troubled debt restructurings (“TDR”). In general, the modification or restructuring of a debt is considered a TDR if, for economic or legal reasons related to the borrower’s financial difficulties, a concession is granted to the borrower that the Company would not otherwise consider. Examples of these modifications or restructurings include advancement of maturity date, accepting interest only payments for a period of time, or granting an interest rate concession for a period of time. The impaired portion of the loan with an interest rate concession and/or interest-only payments for a specific period of time are calculated based on the present value of expected future cash flows discounted at the loan’s effective interest rate. The effective interest rate is the rate of return implicit on the original loan. This impaired amount reduces the ALLL and a valuation allowance is established to reduce the loan balance. As loan payments are received in future periods, the ALLL entry is reversed and the valuation allowance is reduced utilizing the level-yield method over the modification period. A loan that is determined to be classified as a TDR is generally reported as a TDR until the loan is paid in full or otherwise settled, sold, or charged-off.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives used to compute depreciation and amortization is 15 to 40 years for buildings and building improvements, and is three seven
Federal Home Loan Bank Stock	Federal Home Loan Bank StockAs a member of the Federal Home Loan Bank System, the Bank is required to maintain a minimum level of investment in the Federal Home Loan Bank of Des Moines (“FHLB”) stock, based on specified percentages of total assets and the Bank’s outstanding FHLB advances. Ownership of FHLB stock is restricted to the FHLB and member institutions. The Bank’s investment in FHLB stock is carried at par value ($100 per share), which reasonably approximates its fair value.
Other Real Estate Owned	Other Real Estate Owned OREO consists principally of properties acquired through foreclosure and is originally stated at estimated market value less selling costs. Losses arising from the acquisition of property, in full or partial satisfaction of loans, are charged to the ALLL. Subsequent to the transfer of foreclosed assets held for sale, the assets are recorded at the lower of cost or fair value (less estimated costs to sell), based on periodic evaluations. Subsequent write-downs in value are charged to noninterest expense. Generally, legal and professional fees associated with foreclosures are expensed as incurred. Costs incurred to improve property prior to sale are capitalized; however, in no event are recorded costs allowed to exceed estimated fair value. Subsequent gains, losses, or expenses recognized on the sale of these properties are included in noninterest expense. The amounts that will ultimately be recovered from foreclosed assets may differ substantially from the carrying value of the assets because of future market factors beyond management’s control.
Bank-Owned Life Insurance	Bank-Owned Life Insurance    The Company has purchased life insurance on certain key executives and officers. Bank-owned life insurance (“BOLI”) is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Increases to the cash surrender value are recorded as noninterest income and partially offset expenses for employee benefits.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments Financial instruments include off-balance sheet credit instruments, such as unused lines of credit and commercial letters of credit issued to meet customer financing needs. The face amount of these items represents the exposure to loss before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments Management maintains a reserve for unfunded commitments to absorb probable losses associated with our off-balance sheet commitments to lend funds such as unused lines of credit and the undisbursed portion of construction loans. Management determines the adequacy of the reserve based on reviews of individual exposures, current economic conditions, and other relevant factors. The reserve is based on estimates and ultimate losses may vary from the current estimates. The reserve is evaluated on a regular basis and necessary adjustments are reported in earnings during the period in which they become known. The reserve for unfunded commitments is included in the other liabilities section of the consolidated balance sheets.
Stock-Based Compensation	Stock-Based CompensationCompensation cost is recognized for stock options and restricted stock awards, based on the fair value of these awards at the grant date. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the grant date is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Federal Income Taxes	Federal Income Taxes The Company files a consolidated Federal income tax return and records its provision for income taxes under the asset and liability method. Deferred taxes result from temporary differences in the recognition of certain income and expense amounts between the Company’s financial statements and its tax return. The principal items giving rise to these differences include net operating losses, valuation adjustments on foreclosed properties, and allowance for credit losses. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established to reduce the net carrying amount of deferred tax assets if it is determined to be more likely than not that all or some portion of the potential deferred tax asset will not be realized. The Company’s policy is to recognize interest and penalties associated with income tax matters in income tax expense.
Employee Stock Ownership Plan	Employee Stock Ownership Plan The cost of shares issued to the Employee Stock Ownership Plan (“ESOP”), but not yet allocated to participants, is shown as a reduction of stockholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce debt and accrued interest.
Earnings Per Share (EPS)	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 earnings per share (“EPS”) pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared or accumulated and participation rights in undistributed earnings. Certain shares 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 share 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. As ESOP shares are committed to be released, they are included in the outstanding shares used in the basic EPS calculation. Diluted earnings per share is computed in a similar manner, except that first the denominator is increased to include the number of additional shares that would have been outstanding if potentially dilutive shares, excluding the participating securities, were issued using the treasury stock method. For all periods presented, stock options and certain restricted stock awards are potentially dilutive non-participating instruments issued by the Company. Undistributed losses are not allocated to the nonvested share-based payment awards (the participating securities) under the two-class method as the holders are not contractually obligated to share in the losses of the Company.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and unrealized gains and losses on investments available-for-sale and derivatives, which are also recognized as separate components of equity, net of tax.
Advertising Expenses	Advertising Expenses Advertising costs are generally expensed as incurred and are not material.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Segment Information	Segment InformationThe 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 providing lending services. Substantially all income is derived from a diverse base of investments and commercial, construction, mortgage, and consumer lending activities.
Reclassification	ReclassificationCertain amounts in the consolidated financial statements for prior years have been reclassified to conform to the current consolidated financial statement presentation. The results of the reclassifications are not considered material and have no effect on previously reported net income or stockholders’ equity.
Derivatives	Derivatives The Company designates certain interest rate swap agreements as a cash flow hedge, and as such, reports the net fair value as an asset or liability. The hedge is utilized to mitigate the risk of variability in future interest payments. The fair value of the cash flow hedge 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 derivative is marked to its fair value, with the change in fair value recorded as other comprehensive income or loss. The gain or loss on the derivative is reclassified into earnings in the same income statement line item that is used to present the earnings effect of the hedged item.
Goodwill and Intangible Assets, Goodwill, Policy	Goodwill    Goodwill is recorded from a business combination as the difference in purchase price and fair value of the assets acquired and liabilities assumed. Goodwill has an indefinite useful life, and as such, is not amortized. The Company performs a goodwill impairment analysis on an annual basis as of December 31. Additionally, the Company performs an impairment analysis as needed when circumstances indicate impairment potentially exists. Any impairment will be recorded as a noninterest expense and corresponding reduction in intangible asset on the consolidated financial statements.
Goodwill and Intangible Assets, Intangible Assets, Policy	Core Deposit Intangible A core deposit intangible (“CDI”) asset is recognized from the assumption of core deposit liabilities in connection with the acquisition of four branches from Opus Bank, a California state-chartered commercial bank (the “Branch Acquisition”). The asset was valued by a third party and is amortized into noninterest expense over ten years. The CDI is evaluated for impairment annually with any additional decline recorded as a noninterest expense on the Consolidated Income Statement.
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 ASU 2018-13 this ASU as of January 1, 2020, with no material impact on the Company’s 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. The Company is party to interest rate swap arrangements where the reference rate is LIBOR. This ASU was effective when issued, with elective adoption. The Company has adopted this ASU with no material impact on its consolidated financial statements. Recently Issued 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 .

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Investments [Abstract]
Available-for-sale Securities	The following tables summarize the amortized cost and fair value of investments available-for-sale at December 31, 2020 and 2019, and the corresponding amounts of gross unrealized gains and losses. December 31, 2020 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 12,797 $ 491 $ — $ 13,288 Freddie Mac 4,116 200 — 4,316 Ginnie Mae 16,513 617 (3) 17,127 Other 10,691 100 (62) 10,729 Municipal bonds 16,483 963 — 17,446 U.S. Government agencies 41,084 88 (537) 40,635 Corporate bonds 24,001 221 (212) 24,010 $ 125,685 $ 2,680 $ (814) $ 127,551 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 $ 137,294 $ 1,087 $ (1,780) $ 136,601
Schedule of Available for sale Securities, Debt Maturities	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. December 31, 2020 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 8,977 8,905 Due after five years through ten years 18,259 18,469 Due after ten years 54,332 54,717 81,568 82,091 Mortgage-backed investments 44,117 45,460 $ 125,685 $ 127,551
Gain (Loss) on Investments	Sales and other redemptions of available-for-sale investments were as follows: Year Ended December 31, 2020 2019 (In thousands) Proceeds $ 12,082 $ 14,260 Gross gains 189 190 Gross losses (103) (39)
Schedule of Available for sale Securities in Continuous Unrealized Loss positions	The following tables summarize the aggregate fair value and gross unrealized loss by length of time those investments have been continuously in an unrealized loss position at December 31, 2020 and 2019. December 31, 2020 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ — $ — $ — $ — $ — $ — Freddie Mac — — — — — — Ginnie Mae — — 1,311 (3) 1,311 (3) Other — — 5,942 (62) 5,942 (62) Municipal bonds — — — — — — U.S. Government agencies 1,716 (11) 30,991 (526) 32,707 (537) Corporate bonds — — 5,794 (212) 5,794 (212) $ 1,716 $ (11) $ 44,038 $ (803) $ 45,754 $ (814) December 31, 2019 Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value 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) $ 28,858 $ (360) $ 57,572 $ (1,420) $ 86,430 $ (1,780)

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable net of loans in process (“LIP”) at December 31, 2020, and 2019 are summarized as follows: December 31, 2020 2019 (In thousands) One-to-four family residential: Permanent owner occupied $ 206,323 $ 210,898 Permanent non-owner occupied 175,637 161,630 381,960 372,528 Multifamily: Permanent 136,694 172,915 136,694 172,915 Commercial real estate: Permanent 385,265 395,152 385,265 395,152 Construction/land: (1) One-to-four family residential 33,396 44,491 Multifamily 51,215 40,954 Commercial 5,783 19,550 Land 1,813 8,670 92,207 113,665 Business 80,663 37,779 Consumer 40,621 30,199 Total loans 1,117,410 1,122,238 Less: Deferred loan fees, net 1,654 558 ALLL 15,174 13,218 Loans receivable, net $ 1,100,582 $ 1,108,462 ____________ (1) Included in the construction/land category are “rollover” loans, which are loans that will convert upon completion of the construction period to permanent loans. At that time, the loans will be classified according to the underlying collateral. In addition, raw land or buildable lots, where the Company does not intend to finance the construction are included in the construction/land category. At December 31, 2020, we classified $51.2 million of multifamily loans, $1.8 million of commercial land loans and $5.8 million of commercial real estate loans as construction/land loans to facilitate the review of the composition of our loan portfolio. At December 31, 2019, $38.6 million of multifamily loans, $8.7 million of commercial land loans, $3.5 million one-to-four family residential and $18.3 million of commercial real estate loans were reclassified to the construction/land category. Accrued interest receivable consisted of the following at December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Loans receivable $ 5,031 $ 3,518 Investments 477 603 Interest-earning deposits — 17 $ 5,508 $ 4,138
Financing Receivables, Summary of Loans By Maturity and Interest Rate Type	The Company originates both adjustable and fixed interest rate loans. The composition of loans receivable at December 31, 2020, and 2019, was as follows: December 31, 2020 Fixed Rate Adjustable Rate Term to Maturity Principal Balance Term to Rate Adjustment Principal Balance (In thousands) Due within one year $ 30,627 Due within one year $ 294,220 After one year through three years 92,301 After one year through three years 82,153 After three years through five years 106,298 After three years through five years 98,296 After five years through ten years 107,788 After five years through ten years 100,495 Thereafter 205,232 Thereafter — $ 542,246 $ 575,164 December 31, 2019 Fixed Rate Adjustable Rate Term to Maturity Principal Balance Term to Rate Adjustment Principal Balance (In thousands) Due within one year $ 29,997 Due within one year $ 297,221 After one year through three years 63,055 After one year through three years 102,248 After three years through five years 68,659 After three years through five years 137,487 After five years through ten years 126,762 After five years through ten years 86,404 Thereafter 207,055 Thereafter 3,350 $ 495,528 $ 626,710
Financing Receivable Credit Quality Indicators	The following tables represent a summary of loans at December 31, 2020, and 2019 by type and risk category: December 31, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 376,918 $ 132,243 $ 316,955 $ 89,957 $ 80,208 $ 40,477 $ 1,036,758 Pass, grade 5 3,914 2,347 52,375 2,250 455 144 61,485 Special mention 601 — 15,935 — — — 16,536 Substandard 527 2,104 — — — — 2,631 Total $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 December 31, 2019 One-to-Four Multifamily Commercial Construction / Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 366,472 $ 170,810 $ 386,620 $ 98,892 $ 37,779 $ 30,157 $ 1,090,730 Pass, grade 5 4,891 — 8,007 2,249 — 42 15,189 Special mention 536 2,105 525 12,524 — — 15,690 Substandard 629 — — — — — 629 Total $ 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 type of loan and reserve method for the periods indicated. The analysis of pooled loans excluded PPP loans as the Bank expects the majority of PPP borrowers will seek full or partial forgiveness of their loan obligations in accordance with the CARES Act. At or For the Year Ended December 31, 2020 One-to-Four Multifamily Commercial Construction/ Business Consumer Total ALLL: (In thousands) Beginning balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 Charge-offs — — — — — (2) (2) Recoveries 28 — 30 — — — 58 (Recapture) 119 (241) 1,538 (33) 102 415 1,900 Ending balance $ 3,181 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,174 General reserve $ 3,173 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,166 Specific reserve 8 — — — — — 8 Loans: Total Loans $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 Loans collectively evaluated for impairment (1) (3) $ 379,333 134,590 368,596 92,207 80,663 40,621 1,096,010 Loans individually evaluated for impairment (2) 2,627 2,104 16,669 — — — 21,400 ____________ (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. (3) PPP loans totaling $41.3 million were excluded from the collectively evaluated pool when calculating the ALLL as payment on these loans is guaranteed by the SBA. At or For the Year Ended December 31, 2019 One-to-Four Family Residential Multifamily Commercial Construction/ Business Consumer Total ALLL: (In thousands) Beginning balance $ 3,387 $ 1,680 $ 4,777 $ 2,331 $ 936 $ 236 $ 13,347 Charge-offs — — — — — — — Recoveries 73 45 — — — 53 171 (Recapture) (426) (118) (218) (109) 204 367 (300) Ending balance $ 3,034 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,218 General reserve $ 3,003 $ 1,607 $ 4,559 $ 2,222 $ 1,140 $ 656 $ 13,187 Specific reserve 31 — — — — — 31 Loans: Total Loans $ 372,528 $ 172,915 $ 395,152 $ 113,665 $ 37,779 $ 30,199 $ 1,122,238 Loans collectively evaluated for impairment (1) $ 368,453 170,810 393,886 101,141 37,779 30,199 1,102,268 Loans individually evaluated for impairment (2) 4,075 2,105 1,266 12,524 — — 19,970 _____________ (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 at December 31, 2020, and 2019, of the aging of loans by type: Loans Past Due as of December 31, 2020 30-59 Days 60-89 Days 90 Days and Greater Total Current Total Loans (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 77 $ — $ — $ 77 $ 206,246 $ 206,323 Non-owner occupied 159 — — 159 175,478 175,637 Multifamily — — 2,104 2,104 134,590 136,694 Commercial real estate — — — — 385,265 385,265 Construction/land — — — — 92,207 92,207 Total real estate 236 — 2,104 2,340 993,786 996,126 Business 275 — — 275 80,388 80,663 Consumer 38 — — 38 40,583 40,621 Total $ 549 $ — $ 2,104 $ 2,653 $ 1,114,757 $ 1,117,410 _________________________ (1) There were no loans 90 days past due and still accruing interest at December 31, 2020. Loans Past Due as of December 31, 2019 30-59 Days 60-89 Days 90 Days and Greater Total Current Total Loans (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 $ 2,184 $ — $ — $ 2,184 $ 1,120,054 $ 1,122,238 ________________________ (1) There were no loans 90 days past due and still accruing interest at December 31, 2019.
Schedule of non-accrual loans	The following table is a summary of nonaccrual loans at December 31, 2020, and 2019, by type of loan: December 31, 2020 2019 (In thousands) One-to-four family residential $ — $ 95 Multifamily 2,104 — Total nonaccrual loans $ 2,104 $ 95
Financing Receivables, Summary of loans by type and payment activity	The following tables summarize the loan portfolio at December 31, 2020, and 2019, by type and payment activity: December 31, 2020 One-to-Four Multifamily Commercial Construction / Business Consumer Total (In thousands) Performing (1) $ 381,960 $ 134,590 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,115,306 Nonperforming — 2,104 — — — — 2,104 Total $ 381,960 $ 136,694 $ 385,265 $ 92,207 $ 80,663 $ 40,621 $ 1,117,410 ____________ (1) There were $206.3 million of owner-occupied one-to-four family residential loans and $175.6 million of non-owner occupied one-to-four family residential loans classified as performing. 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 $ 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) There were $95,000 of owner-occupied one-to-four family residential loans and no non-owner occupied one-to-four family residential loans classified as nonperforming.
Schedule of Impaired Financing Receivables, Average Recorded Investment and Interest Income	The following tables present a summary of loans individually evaluated for impairment at December 31, 2020, and 2019, by the type of loan: At December 31, 2020 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 274 $ 365 $ — Non-owner occupied 1,031 1,031 — Multifamily 2,104 2,104 — Commercial real estate 16,669 16,669 — Total 20,078 20,169 — Loans with an allowance: One-to-four family residential: Owner occupied 502 549 6 Non-owner occupied 820 820 2 Total 1,322 1,369 8 Total impaired loans: One-to-four family residential: Owner occupied 776 914 6 Non-owner occupied 1,851 1,851 2 Multifamily 2,104 2,104 — Commercial real estate 16,669 16,669 — Total $ 21,400 $ 21,538 $ 8 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. At 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 a summary of the average recorded investment in impaired loans, and interest income recognized on impaired loans for the years ended December 31, 2020 and 2019, by the type of loan: Year Ended December 31, 2020 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 $ 380 $ 18 $ 852 $ 36 Non-owner occupied 1,207 69 1,833 94 Multifamily 2,104 186 421 111 Commercial real estate 10,568 684 2,038 90 Construction/land 5,635 — 7,143 834 Consumer — — 43 — Total 19,894 957 12,330 1,165 Loans with an allowance: One-to-four family residential: Owner occupied 503 9 509 34 Non-owner occupied 1,206 52 2,092 93 Commercial real estate — — 48 — Total 1,709 61 2,649 127 Total impaired loans: One-to-four family residential: Owner occupied 883 27 1,361 70 Non-owner occupied 2,413 121 3,925 187 Multifamily 2,104 186 421 111 Commercial real estate 10,568 684 2,086 90 Construction/land 5,635 — 7,143 834 Consumer — — 43 — Total $ 21,603 $ 1,018 $ 14,979 $ 1,292
Schedule of Non-performing assets and troubled debt restructured loans	The following is a summary of information pertaining to TDRs: December 31, 2020 2019 (In thousands) Performing TDRs $ 3,869 $ 5,246 Nonaccrual TDRs — — Total TDRs $ 3,869 $ 5,246
Troubled Debt Restructurings on Financing Receivables	The following table presents for the periods indicated TDRs and their recorded investment prior to the modification and after the modification: Year Ended December 31, 2020 2019 Number Pre-Modification Outstanding Post-Modification Outstanding Number Pre-Modification Outstanding Post-Modification Outstanding (Dollars in thousands) TDRs that occurred during the period: One-to-four family residential: Principal and interest with interest rate — $ — $ — 7 $ 1,360 $ 1,360 Advancement of maturity date — — — 3 694 694 Commercial real estate: Advancement of maturity date 1 1,249 1,249 1 855 855 Total 1 $ 1,249 $ 1,249 11 $ 2,909 $ 2,909

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2020
Other Real Estate [Abstract]
Other Real Estate, Roll Forward	The following table is a summary of OREO activity for the periods indicated: Year Ended December 31, 2020 2019 (In thousands) Balance at beginning of year $ 454 $ 483 Market value adjustments — (29) Balance at end of year $ 454 $ 454

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and equipment consisted of the following at December 31, 2020, and 2019: December 31, 2020 2019 (In thousands) Land $ 2,226 $ 2,226 Buildings and improvements 20,213 20,213 Leasehold improvements 5,273 4,040 Furniture, fixtures and equipment 5,847 5,506 Computer hardware and software 3,703 3,297 37,262 35,282 Less accumulated depreciation and amortization (15,168) (13,043) Construction in process 485 227 Total premises and equipment, net $ 22,579 $ 22,466

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 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 during the periods presented):
Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis	The tables below present the balances of assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2020, and 2019. December 31, 2020 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 21,392 $ — $ — $ 21,392 OREO 454 — — 454 Total $ 21,846 $ — $ — $ 21,846 _______________ (1) Total value of impaired loans is net of $8,000 of specific reserves on performing TDRs. December 31, 2019 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 19,939 $ — $ — $ 19,939 OREO 454 — — 454 Total $ 20,393 $ — $ — $ 20,393 ________________
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 assets measured at fair value on a nonrecurring basis at December 31, 2020 and 2019.
Fair Value, by Balance Sheet Grouping	December 31, 2019 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average Change in Fair Value) (Dollars in thousands) Impaired Loans $ 19,939 Discounted cash flows Expected values of future cash flows 0.0% (0.00%) OREO $ 454 Market approach Estimated selling price less selling costs 0.0% (0.00%)

Accrued Interest Receivable (Ta

Accrued Interest Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Accrued Interest Receivable [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable net of loans in process (“LIP”) at December 31, 2020, and 2019 are summarized as follows: December 31, 2020 2019 (In thousands) One-to-four family residential: Permanent owner occupied $ 206,323 $ 210,898 Permanent non-owner occupied 175,637 161,630 381,960 372,528 Multifamily: Permanent 136,694 172,915 136,694 172,915 Commercial real estate: Permanent 385,265 395,152 385,265 395,152 Construction/land: (1) One-to-four family residential 33,396 44,491 Multifamily 51,215 40,954 Commercial 5,783 19,550 Land 1,813 8,670 92,207 113,665 Business 80,663 37,779 Consumer 40,621 30,199 Total loans 1,117,410 1,122,238 Less: Deferred loan fees, net 1,654 558 ALLL 15,174 13,218 Loans receivable, net $ 1,100,582 $ 1,108,462 ____________ (1) Included in the construction/land category are “rollover” loans, which are loans that will convert upon completion of the construction period to permanent loans. At that time, the loans will be classified according to the underlying collateral. In addition, raw land or buildable lots, where the Company does not intend to finance the construction are included in the construction/land category. At December 31, 2020, we classified $51.2 million of multifamily loans, $1.8 million of commercial land loans and $5.8 million of commercial real estate loans as construction/land loans to facilitate the review of the composition of our loan portfolio. At December 31, 2019, $38.6 million of multifamily loans, $8.7 million of commercial land loans, $3.5 million one-to-four family residential and $18.3 million of commercial real estate loans were reclassified to the construction/land category. Accrued interest receivable consisted of the following at December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Loans receivable $ 5,031 $ 3,518 Investments 477 603 Interest-earning deposits — 17 $ 5,508 $ 4,138

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Schedule of Deposit Liabilities	Deposit accounts consisted of the following at December 31, 2020 and 2019: December 31, 2020 2019 (In thousands) Noninterest-bearing $ 91,285 $ 52,849 Interest-bearing demand 108,182 65,897 Statement savings 19,221 17,447 Money market 465,369 377,766 Certificates of deposit, retail (1) 409,576 425,103 Certificates of deposit, brokered — 94,472 $ 1,093,633 $ 1,033,534 _______________
Maturities of Certificates of Deposit	At December 31, 2020, scheduled maturities of certificates of deposit were as follows: December 31, Amount (In thousands) 2021 $ 267,621 2022 63,288 2023 58,555 2024 18,522 2025 1,590 thereafter — $ 409,576
Schedule of Interest Expense on Deposits	Interest expense on deposits for the periods indicated was as follows: Year Ended December 31, 2020 2019 (In thousands) Interest-bearing demand $ 292 $ 108 Statement savings 15 29 Money market 3,497 5,027 Certificates of deposit, retail 9,474 9,549 Certificates of deposit, brokered 727 3,283 $ 14,005 $ 17,996

Other Borrowings (Tables)

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2020
Other Borrowings [Abstract]
Schedule of Federal Home Loan Bank Advances	Summary information related to outstanding advances at the FHLB during the years ended December 31, 2020, and 2019 consisted of the following: Year ended December 31, 2020 2019 (Dollars in thousands) Maximum borrowing outstanding at any month end $ 160,000 $ 184,500 Average borrowing outstanding during year 125,392 129,899 Balance outstanding at end of year 120,000 137,700 Average rate paid during the year 1.31 % 2.09 % Weighted-average rate paid at end of year 0.36 1.84 At December 31, 2020, all $120.0 million of FHLB advances were due to mature in 2021.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease, Cost	The following table includes details on these items at and for the years ended December 31, 2020, and 2019. December 31, 2020 December 31, 2019 (in thousands) Lease expense $ 936 $ 752 Right-of-use asset 3,647 2,209 Lease liability 3,783 2,279 Weighted average remaining term (in years) 7.23 6.1 Weighted average discount rate 2.10% 2.94%
Lessee, Operating Lease, Liability, Maturity	The following table provides a reconciliation between the undiscounted minimum lease payments at December 31, 2020 and the discounted lease liability at that date: December 31, 2020 (in thousands) Due through one year $ 713 Due after one year through two years 690 Due after two years through three years 569 Due after three years through four years 462 Due after four years through five years 362 Due after five years 1,286 Total minimum lease payments 4,082 Less: present value discount 299 Lease liability $ 3,783

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair value of derivative instruments as of December 31, 2020 and 2019: Balance Sheet Location Fair Value at December 31, 2020 Fair Value at December 31, 2019 (In thousands) Interest rate swaps on FHLB debt designated as cash flow hedges (Other liabilities) other assets $ (2,825) $ 426
Derivative Instruments, Gain (Loss)	The following table presents the net unrealized gains (losses) on derivative instruments, net of tax, included on the Consolidated Statements of Comprehensive Income for the years ended December 31, 2020 and 2019: Location 2020 Amount of Loss Recognized In OCI, net of tax 2019 Amount of Loss Recognized In OCI, net of tax (In thousands) Interest rate swaps on FHLB debt designated as cash flow hedge Other Comprehensive Income $ (2,568) $ (977)

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Multiemployer Plans [Line Items]
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures	A summary of key transactions for the ESOP for the periods indicated follows: 2020 2019 (In thousands) ESOP contribution expense $ 1,200 $ 1,698 Dividends on unallocated ESOP shares used to reduce ESOP contribution 124 148 Shares held by the ESOP at December 31, 2020 and 2019, are as follows: December 31, 2020 2019 (Dollars in thousands, except share data) Allocated shares 1,495,307 1,382,453 Unallocated shares 197,493 310,347 Total ESOP shares 1,692,800 1,692,800 Fair value of unallocated shares $ 2,251 $ 4,637
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	There were no stock options granted in 2020. There were 50,000 stock options granted in 2019, however, these shares were forfeited later in the year.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	A summary of the Company’s stock option plan awards activity for the year ended December 31, 2020 follows: Shares Weighted- Weighted- Aggregate Outstanding at December 31, 2019 313,000 $ 10.34 $ 1,440,310 Outstanding at December 31, 2020 313,000 10.34 2.98 $ 397,890 Expected to vest assuming a 3% forfeiture rate over the vesting term 313,000 10.34 2.98 397,890 Exercisable at December 31, 2020 313,000 10.34 2.98 397,890
Schedule of Nonvested Restricted Stock Units Activity	A summary of changes in nonvested restricted stock awards for the year ended December 31, 2020, follows: Nonvested Shares Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2019 16,698 16.53 Granted 33,923 11.27 Vested (34,393) 12.72 Nonvested at December 31, 2020 16,228 13.61 Expected to vest assuming a 3% forfeiture rate over the vesting term 15,741 13.61
Multiemployer Plans, Pension
Multiemployer Plans [Line Items]
Schedule of Funded Status	The table below presents the funded status (market value of plan assets divided by funding target) of the plan as of July 1: 2020 2019 Source Valuation Report Valuation Report First Financial Northwest’s Plan (1) 101.7 % 101.7 % _________________ (1) Market value of plan assets reflects any contributions received through June 30, 2020, or 2019, respectively.
Schedule of Net Benefit Costs	Total contributions during the years ended December 31, 2020 and 2019 were: 2020 2019 Date Paid Amount Date Paid Amount (In thousands) 12/8/2020 $ 171 10/8/2019 $ 37 12/6/2019 503 Total $ 171 Total $ 540

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense for the years indicated are as follows: Year Ended December 31, 2020 2019 (In thousands) Current $ 1,937 $ 2,453 Deferred 5 109 Total income tax expense $ 1,942 $ 2,562
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the tax provision based on the statutory corporate rate of 21% for the year ended December 31, 2020, and 2019, on pretax income is as follows: Year Ended December 31, 2020 2019 (In thousands) Income tax expense at statutory rate $ 2,205 $ 2,715 Income tax effect of: Tax exempt interest, net (23) (25) BOLI income, net (200) (203) Other, net (40) 75 Total income tax expense $ 1,942 $ 2,562
Schedule of Deferred Tax Assets and Liabilities	The deferred tax assets and liabilities, included in the accompanying consolidated balance sheets, consisted of the following at the dates indicated: December 31, 2020 2019 (In thousands) Deferred tax assets: ALLL $ 3,187 $ 2,775 Reserve for unfunded commitments 74 90 Deferred compensation 309 272 Net unrealized loss on investments available-for-sale — 146 Net unrealized loss on derivative fair value 594 — Reserve for uncollected interest 45 — Employee benefit plans 424 487 OREO market value adjustments 10 10 Accrued expenses 141 93 Core deposit intangible 42 30 Expenses to facilitate branch acquisition 22 24 Split dollar life insurance 78 67 Lease liability 794 479 Total deferred tax assets 5,720 4,473 Deferred tax liabilities: FHLB stock dividends 4 16 Loan origination fees and costs 1,031 940 Net unrealized gain on investments available for sale 392 — Gain on fair value of cash flow hedge — 89 Fixed assets 1,785 1,387 Goodwill 42 29 Right of use asset 766 464 Other, net 59 47 Total deferred tax liabilities $ 4,079 $ 2,972 Deferred tax assets, net $ 1,641 $ 1,501

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2020
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of Capital Amounts and Ratios	Bank’s actual capital amounts and ratios at December 31, 2020, and 2019, are presented in the following table. To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2020: Total risk-based capital $ 152,610 15.57 % $ 78,406 8.00 % $ 98,008 10.00 % Tier 1 risk-based capital 140,319 14.32 58,805 6.00 78,406 8.00 Common equity tier 1 capital (“CET1”) 140,319 14.32 44,103 4.50 63,705 6.50 Tier 1 leverage capital 140,319 10.29 54,551 4.00 68,189 5.00 December 31, 2019: Total risk-based capital $ 148,048 14.38 % $ 82,359 8.00 % $ 102,949 10.00 % Tier 1 risk-based capital 135,170 13.13 61,769 6.00 82,359 8.00 Common equity tier 1 capital (“CET1”) 135,170 13.13 46,327 4.50 66,917 6.50 Tier 1 leverage capital 135,170 10.27 52,630 4.00 65,787 5.00

Parent Company Only Financial_2

Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Balance Sheet	FIRST FINANCIAL NORTHWEST, INC. Condensed Balance Sheets December 31, 2020 2019 (In thousands) Assets Cash and cash equivalents $ 82 $ 235 Interest-bearing deposits 14,346 18,456 Investment in subsidiaries 141,376 136,907 Receivable from subsidiaries 689 990 Deferred tax assets, net 2 — Other assets 28 46 Total assets $ 156,523 $ 156,634 Liabilities and Stockholders’ Equity Liabilities: Payable to subsidiaries $ 64 $ 128 Deferred tax liability, net — 2 Other liabilities 157 185 Total liabilities 221 315 Stockholders’ equity 156,302 156,319 Total liabilities and stockholders’ equity $ 156,523 $ 156,634
Schedule of Condensed Income Statement	FIRST FINANCIAL NORTHWEST, INC. Condensed Income Statements Year Ended December 31, 2020 2019 (In thousands) Operating income: Interest income: Interest-bearing deposits with banks $ 56 $ 153 Total operating income 56 153 Operating expenses: Other expenses 1,648 1,732 Total operating expenses 1,648 1,732 Loss before benefit for federal income taxes and equity in undistributed (1,592) (1,579) Federal income tax benefit (360) (363) Loss before equity in undistributed loss of subsidiaries (1,232) (1,216) Equity in undistributed earnings of subsidiaries 9,788 11,585 Net income $ 8,556 $ 10,369
Schedule of Condensed Cash Flow Statement	FIRST FINANCIAL NORTHWEST, INC. Condensed Statements of Cash Flows Year Ended December 31, 2020 2019 (In thousands) Cash flows from operating activities: Net income $ 8,556 $ 10,369 Adjustments to reconcile net income to net cash from operating activities: Equity in undistributed earnings of subsidiaries (9,788) (11,585) Dividends received from subsidiary 4,888 6,525 ESOP, stock options, and restricted stock compensation 24 19 Change in deferred tax liability, net (4) — Change in receivables from subsidiaries 9 (9) Change in payables to subsidiaries (64) 81 Change in other assets 18 6 Changes in other liabilities (28) 2 Net cash provided by operating activities 3,611 5,408 Cash flows from investing activities: ESOP loan repayment 1,421 1,354 Net cash provided in investing activities 1,421 1,354 Cash flows from financing activities: Proceeds from exercise of stock options — 21 Proceeds for vested awards 358 383 Net share settlement of stock awards (73) (93) Repurchase and retirement of common stock (5,706) (7,406) Dividends paid (3,874) (3,478) Net cash used by financing activities (9,295) (10,573) Net decrease in cash (4,263) (3,811) Cash and cash equivalents at beginning of year 18,691 22,502 Cash and cash equivalents at end of year $ 14,428 $ 18,691

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Tables)	12 Months Ended
	Dec. 31, 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 EPS for the periods indicated. Year Ended December 31, 2020 2019 (Dollars in thousands, except share data) Net income $ 8,556 $ 10,369 Earnings allocated to participating securities (14) (16) Earnings allocated to common shareholders $ 8,542 $ 10,353 Basic weighted-average common shares outstanding 9,734,493 9,976,056 Dilutive effect of stock options 20,460 93,446 Dilutive effect of restricted stock grants 3,691 6,404 Diluted weighted-average common shares outstanding 9,758,644 10,075,906 Basic earnings per share $ 0.88 $ 1.04 Diluted earnings per share $ 0.88 $ 1.03

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2020 and 2019: Year Ended December 31, 2020 2019 (In thousands) Gain on sales of investment securities (1) $ 86 $ 151 BOLI income (1) 982 994 Wealth management revenue 663 879 Deposit servicing fees 277 284 Debit card and ATM fees 478 449 Loan servicing fees 1,517 681 Loan interest swap servicing fees 430 663 Other 9 40 Total noninterest income $ 4,442 $ 4,141 ____________ (1) Not in scope of Topic 606

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 1,117,410,000	$ 1,122,238,000
Federal reserve bank minimum reserve required	$ 0	$ 750,000
Number of days delinquent at which accrual of interest on loan is discontinued	90 days
Federal home loan bank stock, par value (usd per share)	$ 100
Subsidiaries [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 1,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Premisis and Equipment (Details)	12 Months Ended
	Dec. 31, 2020
Building and building improvements | Minimum
Property, Plant and Equipment
Property, plant and equipment, useful life	15 years
Building and building improvements | Maximum
Property, Plant and Equipment
Property, plant and equipment, useful life	40 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment
Property, plant and equipment, useful life	3 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment
Property, plant and equipment, useful life	7 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Operating lease, right-of-use asset	$ 3,647	$ 2,209

Investments_ Narrative (Details

Investments: Narrative (Details)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Investments [Abstract]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged As Percent of Public Deposits Held	50.00%
Investments pledged as collateral for public deposits	$ 23,400,000	$ 19,000,000
Unrealized loss	814,000	1,780,000
Fair Value	45,754,000	86,430,000
Trading Securities Pledged as Collateral	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	20	37
Debt Securities, Held-to-maturity	$ 2,418,000	$ 0

Investments_ Available-for-sale

Investments: Available-for-sale Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 125,685	$ 137,294
Gross Unrealized Gains	2,680	1,087
Gross Unrealized Losses	(814)	(1,780)
Investments available-for-sale, at fair value	127,551	136,601
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,797	15,605
Gross Unrealized Gains	491	128
Gross Unrealized Losses	0	(104)
Investments available-for-sale, at fair value	13,288	15,629
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,116	4,196
Gross Unrealized Gains	200	96
Gross Unrealized Losses	0	0
Investments available-for-sale, at fair value	4,316	4,292
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,513	23,239
Gross Unrealized Gains	617	140
Gross Unrealized Losses	(3)	(329)
Investments available-for-sale, at fair value	17,127	23,050
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,691	11,407
Gross Unrealized Gains	100	66
Gross Unrealized Losses	(62)	(25)
Investments available-for-sale, at fair value	10,729	11,448
Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,483	10,675
Gross Unrealized Gains	963	272
Gross Unrealized Losses	0	(36)
Investments available-for-sale, at fair value	17,446	10,911
US Government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	41,084	46,672
Gross Unrealized Gains	88	13
Gross Unrealized Losses	(537)	(935)
Investments available-for-sale, at fair value	40,635	45,750
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,001	25,500
Gross Unrealized Gains	221	372
Gross Unrealized Losses	(212)	(351)
Investments available-for-sale, at fair value	$ 24,010	$ 25,521

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments [Abstract]
Due within one year, Amortized Cost	$ 0
Due after one year through five years, Amortized Cost	8,977
Due after five years through ten years, Amortized Cost	18,259
Due after ten years, Amortized Cost	54,332
Debt maturities, Amortized Cost	81,568
Mortgage-backed investments, Amortized Cost	44,117
Amortized Cost	125,685	$ 137,294
Due within one year, Fair Value	0
Due after one year through five years, Fair Value	8,905
Due after five years through ten years, Fair Value	18,469
Due after ten years, Fair Value	54,717
Debt maturities, Fair Value	82,091
Mortgage-backed investments, Fair Value	45,460
Fair Value	$ 127,551

Investments_ Gain_Loss on Inves

Investments: Gain/Loss on Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Investments [Abstract]
Proceeds	$ 12,082	$ 14,260
Gross gains	189	190
Gross losses	$ (103)	$ (39)

Investments_ Schedule of Avai_2

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 1,716	$ 28,858
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	11	360
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	44,038	57,572
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	803	1,420
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	45,754	86,430
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	814	1,780
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	8,340
Debt Securities, Available-for-sale, 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	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	0	8,340
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	0	104
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	0
Debt Securities, Available-for-sale, 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
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	0	0
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	156
Debt Securities, Available-for-sale, 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	1,311	12,921
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3	329
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,311	13,077
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	3	329
Other
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	2,843
Debt Securities, Available-for-sale, 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	5,942	6,000
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	62	18
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,942	8,843
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	62	25
Municipal Bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	3,257
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	36
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	0	3,257
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	0	36
US Government agencies
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,716	12,266
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	11	201
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	30,991	31,490
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	526	734
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	32,707	43,756
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	537	935
Corporate Bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	1,996
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,794	7,161
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	212	339
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,794	9,157
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 212	$ 351

Loans Receivable_ Schedule of A

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans receivable	$ 1,117,410	$ 1,122,238
Deferred loan fees, net	1,654	558
Loans and Leases Receivable, Allowance	15,174	13,218
Loans receivable, net	1,100,582	1,108,462
One-to-four family
Loans receivable	381,960	372,528
One-to-four family, residential, owner occupied
Loans receivable	206,323	210,898
One-to-four family residential non-owner occupied
Loans receivable	175,637	161,630
One-to-four family construction
Loans excluded from category		3,500
Multifamily
Loans receivable	136,694	172,915
Loans and Leases Receivable, Allowance	1,366	1,607	$ 1,680
Multifamily Permanent
Loans receivable	136,694	172,915
Multifamily Construction
Loans excluded from category	51,200	38,600
Commercial Real Estate
Loans receivable	385,265	395,152
Commercial Real Estate Permanent
Loans receivable	385,265	395,152
Commercial Real Estate Construction
Loans excluded from category	5,800	18,300
Construction Land Development
Loans receivable	92,207	113,665
Loans and Leases Receivable, Allowance	2,189	2,222	2,331
Construction/Land Development One-to-four family residential
Loans receivable	33,396	44,491
Construction Land Development Multifamily
Loans receivable	51,215	40,954
Construction Land Development Commercial
Loans receivable	5,783	19,550
Loans excluded from category	1,800	8,700
Construction Land Development Land Development
Loans receivable	1,813	8,670
Business
Loans receivable	80,663	37,779
Loans and Leases Receivable, Allowance	1,242	1,140	936
Consumer
Loans receivable	40,621	30,199
Loans and Leases Receivable, Allowance	$ 1,069	$ 656	$ 236

Loans Receivable_ Narratives (D

Loans Receivable: Narratives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable
Loans Receivable, Percentage of Loan Portfolio	10.80%
Loans and Leases Receivable, Net Amount	$ 1,100,582,000	$ 1,108,462,000
Loans and Leases Receivable, Ratio of Nonperforming Loans to All Loans	0.24%	0.19%
Loans Receivable, non-performing	$ 2,100,000	$ 95,000
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	82,000	12,000
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend	0	3,100,000
Troubled debt restructuring, charge to Allowance for Loan and Lease Losses	0	0
Troubled Debt Restructuring Commitment To Extend Additional Credit	0	0
Loans and Leases Receivable, Related Parties	0
PPP Loan
Accounts, Notes, Loans and Financing Receivable
Long-term Debt, Gross	$ 41,300,000
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable
Loans Receivable, Percentage of Loan Portfolio	34.20%
Loans and Leases Receivable, Net Amount	$ 420,000
Multifamily
Accounts, Notes, Loans and Financing Receivable
Loans Receivable, Percentage of Loan Portfolio	12.20%
Loans and Leases Receivable, Net Amount	$ 12,300,000
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable
Loans Receivable, Percentage of Loan Portfolio	34.50%
Loans and Leases Receivable, Net Amount	$ 68,500,000
Construction Land Development
Accounts, Notes, Loans and Financing Receivable
Loans Receivable, Percentage of Loan Portfolio	8.30%
Business
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net Amount	$ 15,100,000
Construction Loans
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net Amount		12,500,000
CARES Act Modification Loans
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net Amount	45,200,000
Multifamily Construction
Accounts, Notes, Loans and Financing Receivable
Loans excluded from category	51,200,000	38,600,000
Construction Land Development Commercial
Accounts, Notes, Loans and Financing Receivable
Loans excluded from category	1,800,000	8,700,000
One-to-four family construction
Accounts, Notes, Loans and Financing Receivable
Loans excluded from category		3,500,000
Commercial Real Estate Construction
Accounts, Notes, Loans and Financing Receivable
Loans excluded from category	$ 5,800,000	$ 18,300,000

Loans Receivable Loans Receivab

Loans Receivable Loans Receivable: Schedule of Loans by Maturity and Interest Rate Type (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fixed Rate
Schedule of Maturity of Loans and Financing Receivables [Abstract]
Due within one year	$ 30,627	$ 29,997
After one year through three years	92,301	63,055
After three years through five years	106,298	68,659
After five years through ten years	107,788	126,762
Thereafter	205,232	207,055
Loans receivable, outstanding maturities, by rate type	542,246	495,528
Adjustable Rate
Schedule of Maturity of Loans and Financing Receivables [Abstract]
Due within one year	294,220	297,221
After one year through three years	82,153	102,248
After three years through five years	98,296	137,487
After five years through ten years	100,495	86,404
Thereafter	0	3,350
Loans receivable, outstanding maturities, by rate type	$ 575,164	$ 626,710

Loans Receivable_ Financing Rec

Loans Receivable: Financing Receivables, Summary of loans by type and risk category (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 1,117,410	$ 1,122,238
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	381,960	372,528
Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	136,694	172,915
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	385,265	395,152
Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	92,207	113,665
Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	80,663	37,779
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	40,621	30,199
Pass, grade 1-4
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	1,036,758	1,090,730
Pass, grade 1-4 | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	376,918	366,472
Pass, grade 1-4 | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	132,243	170,810
Pass, grade 1-4 | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	316,955	386,620
Pass, grade 1-4 | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	89,957	98,892
Pass, grade 1-4 | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	80,208	37,779
Pass, grade 1-4 | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	40,477	30,157
Pass, Grade 5
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	61,485	15,189
Pass, Grade 5 | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	3,914	4,891
Pass, Grade 5 | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,347	0
Pass, Grade 5 | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	52,375	8,007
Pass, Grade 5 | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,250	2,249
Pass, Grade 5 | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	455	0
Pass, Grade 5 | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	144	42
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	16,536	15,690
Special Mention | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	601	536
Special Mention | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	2,105
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	15,935	525
Special Mention | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	12,524
Special Mention | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Special Mention | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,631	629
Substandard | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	527	629
Substandard | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,104	0
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Substandard | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Substandard | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Substandard | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 0	$ 0

Loans Receivable_ Schedule of_2

Loans Receivable: Schedule of Allowance for Loan and Lease Losses, Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 13,218
(Recapture) provision	1,900	$ (300)
Ending balance	15,174	13,218
Loans and Leases Receivable, Allowance	15,174	13,218	$ 15,174	$ 13,218
PPP Loan
Allowance for Loan and Lease Losses [Roll Forward]
Long-term Debt, Gross			41,300
One-to-four family residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,034	3,387
Charge-offs	0	0
Recoveries	28	73
(Recapture) provision	119	(426)
Ending balance	3,181	3,034
Loans and Leases Receivable, Allowance	3,034	3,034	3,181	3,034
Total Loans			381,960	372,528
One-to-four family residential | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,003
Ending balance	3,173	3,003
Loans and Leases Receivable, Allowance	3,003	3,003	3,173	3,003
Total Loans			379,333	368,453
One-to-four family residential | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	31
Ending balance	8	31
Loans and Leases Receivable, Allowance	31	31	8	31
Total Loans			2,627	4,075
Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,607	1,680
Charge-offs	0	0
Recoveries	0	45
(Recapture) provision	(241)	(118)
Ending balance	1,366	1,607
Loans and Leases Receivable, Allowance	1,607	1,607	1,366	1,607
Total Loans			136,694	172,915
Multifamily | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,607
Ending balance	1,366	1,607
Loans and Leases Receivable, Allowance	1,607	1,607	1,366	1,607
Total Loans			134,590	170,810
Multifamily | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0
Ending balance	0	0
Loans and Leases Receivable, Allowance	0	0	0	0
Total Loans			2,104	2,105
Commercial Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,559	4,777
Charge-offs	0	0
Recoveries	30	0
(Recapture) provision	1,538	(218)
Ending balance	6,127	4,559
Loans and Leases Receivable, Allowance	4,559	4,559	6,127	4,559
Total Loans			385,265	395,152
Commercial Real Estate | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,559
Ending balance	6,127	4,559
Loans and Leases Receivable, Allowance	4,559	4,559	6,127	4,559
Total Loans			368,596	393,886
Commercial Real Estate | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0
Ending balance	0	0
Loans and Leases Receivable, Allowance	0	0	0	0
Total Loans			16,669	1,266
Construction Land Development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,222	2,331
Charge-offs	0	0
Recoveries	0	0
(Recapture) provision	(33)	(109)
Ending balance	2,189	2,222
Loans and Leases Receivable, Allowance	2,189	2,331	2,189	2,222
Total Loans			92,207	113,665
Construction Land Development | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,222
Ending balance	2,189	2,222
Loans and Leases Receivable, Allowance	2,222	2,222	2,189	2,222
Total Loans			92,207	101,141
Construction Land Development | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0
Ending balance	0	0
Loans and Leases Receivable, Allowance	0	0	0	0
Total Loans			0	12,524
Business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,140	936
Charge-offs	0	0
Recoveries	0	0
(Recapture) provision	102	204
Ending balance	1,242	1,140
Loans and Leases Receivable, Allowance	1,242	936	1,242	1,140
Total Loans			80,663	37,779
Business | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,140
Ending balance	1,242	1,140
Loans and Leases Receivable, Allowance	1,140	1,140	1,242	1,140
Total Loans			80,663	37,779
Business | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0
Ending balance	0	0
Loans and Leases Receivable, Allowance	0	0	0	0
Total Loans			0	0
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	656	236
Charge-offs	(2)	0
Recoveries	0	53
(Recapture) provision	415	367
Ending balance	1,069	656
Loans and Leases Receivable, Allowance	656	656	1,069	656
Total Loans			40,621	30,199
Consumer | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	656
Ending balance	1,069	656
Loans and Leases Receivable, Allowance	656	656	1,069	656
Total Loans			40,621	30,199
Consumer | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	0
Ending balance	0	0
Loans and Leases Receivable, Allowance	0	0	0	0
Total Loans			0	0
Property total
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	13,218	13,347
Charge-offs	(2)	0
Recoveries	58	171
(Recapture) provision	1,900	(300)
Ending balance	15,174	13,218
Loans and Leases Receivable, Allowance	15,174	13,347	15,174	13,218
Total Loans			1,117,410	1,122,238
Property total | General Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	13,187
Ending balance	15,166	13,187
Loans and Leases Receivable, Allowance	13,187	13,187	15,166	13,187
Total Loans			1,096,010	1,102,268
Property total | Specific Reserve
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	31
Ending balance	8	31
Loans and Leases Receivable, Allowance	$ 31	$ 31	8	31
Total Loans			$ 21,400	$ 19,970

Loans Receivable_ Financing R_2

Loans Receivable: Financing Receivables, Aging of loans (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Total	$ 2,653,000	$ 2,184,000
Current	1,114,757,000	1,120,054,000
Total Loans	1,117,410,000	1,122,238,000
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
One-to-four family, residential, owner occupied
Financing Receivable, Past Due [Line Items]
Total	77,000	79,000
Current	206,246,000	210,819,000
Total Loans	206,323,000	210,898,000
One-to-four family residential non-owner occupied
Financing Receivable, Past Due [Line Items]
Total	159,000	0
Current	175,478,000	161,630,000
Total Loans	175,637,000	161,630,000
Multifamily
Financing Receivable, Past Due [Line Items]
Total	2,104,000	2,105,000
Current	134,590,000	170,810,000
Total Loans	136,694,000	172,915,000
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
Current	385,265,000	395,152,000
Total Loans	385,265,000	395,152,000
Construction Land Development
Financing Receivable, Past Due [Line Items]
Total	0	0
Current	92,207,000	113,665,000
Total Loans	92,207,000	113,665,000
Real Estate, Total
Financing Receivable, Past Due [Line Items]
Total	2,340,000	2,184,000
Current	993,786,000	1,052,076,000
Total Loans	996,126,000	1,054,260,000
Business
Financing Receivable, Past Due [Line Items]
Total	275,000	0
Current	80,388,000	37,779,000
Total Loans	80,663,000	37,779,000
Consumer
Financing Receivable, Past Due [Line Items]
Total	38,000	0
Current	40,583,000	30,199,000
Total Loans	40,621,000	30,199,000
30-59 Days
Financing Receivable, Past Due [Line Items]
Total	549,000	2,184,000
30-59 Days | One-to-four family, residential, owner occupied
Financing Receivable, Past Due [Line Items]
Total	77,000	79,000
30-59 Days | One-to-four family residential non-owner occupied
Financing Receivable, Past Due [Line Items]
Total	159,000	0
30-59 Days | Multifamily
Financing Receivable, Past Due [Line Items]
Total	0	2,105,000
30-59 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days | Construction Land Development
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days | Real Estate, Total
Financing Receivable, Past Due [Line Items]
Total	236,000	2,184,000
30-59 Days | Business
Financing Receivable, Past Due [Line Items]
Total	275,000	0
30-59 Days | Consumer
Financing Receivable, Past Due [Line Items]
Total	38,000	0
60-89 Days
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | One-to-four family, residential, owner occupied
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | One-to-four family residential non-owner occupied
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Multifamily
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Construction Land Development
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Real Estate, Total
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Business
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Consumer
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater
Financing Receivable, Past Due [Line Items]
Total	2,104,000	0
90 Days and Greater | One-to-four family, residential, owner occupied
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater | One-to-four family residential non-owner occupied
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater | Multifamily
Financing Receivable, Past Due [Line Items]
Total	2,104,000	0
90 Days and Greater | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater | Construction Land Development
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater | Real Estate, Total
Financing Receivable, Past Due [Line Items]
Total	2,104,000	0
90 Days and Greater | Business
Financing Receivable, Past Due [Line Items]
Total	0	0
90 Days and Greater | Consumer
Financing Receivable, Past Due [Line Items]
Total	$ 0	$ 0

Loans Receivable_ Schedule of n

Loans Receivable: Schedule of non-accrual loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Total nonaccrual loans	$ 2,104	$ 95
One-to-four family, residential, owner occupied
Total nonaccrual loans	0	95
Multifamily
Total nonaccrual loans	$ 2,104	$ 0

Loans Receivable_ Non-performin

Loans Receivable: Non-performing Loans, Foregone interest, and loans committed (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 1,117,410,000	$ 1,122,238,000
One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	381,960,000	372,528,000
Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	136,694,000	172,915,000
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	385,265,000	395,152,000
Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	92,207,000	113,665,000
Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	80,663,000	37,779,000
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	40,621,000	30,199,000
One-to-four family, residential, owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	206,323,000	210,898,000
One-to-four family residential non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	175,637,000	161,630,000
Performing Financing Receivable
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	1,115,306,000	1,122,143,000
Performing Financing Receivable | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	381,960,000	372,433,000
Performing Financing Receivable | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	134,590,000	172,915,000
Performing Financing Receivable | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	385,265,000	395,152,000
Performing Financing Receivable | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	92,207,000	113,665,000
Performing Financing Receivable | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	80,663,000	37,779,000
Performing Financing Receivable | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	40,621,000	30,199,000
Performing Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	206,300,000	210,800,000
Performing Financing Receivable | One-to-four family residential non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	175,600,000	161,600,000
Nonperforming Financing Receivable
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,104,000	95,000
Nonperforming Financing Receivable | One-to-four family residential
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	95,000
Nonperforming Financing Receivable | Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	2,104,000	0
Nonperforming Financing Receivable | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Construction Land Development
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	0	0
Nonperforming Financing Receivable | Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss	$ 0	0
Nonperforming Financing Receivable | One-to-four family, residential, owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss		95,000
Nonperforming Financing Receivable | One-to-four family residential non-owner occupied
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, after Allowance for Credit Loss		$ 0

Loans Receivable_ Schedule of I

Loans Receivable: Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
One-to-four family, residential, owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 274	$ 437
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	365	582
Impaired Financing Receivable, with Related Allowance, Recorded Investment	502	505
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	549	552
Impaired Financing Receivable, Related Allowance	6	13
Impaired Financing Receivable, Recorded Investment	776	942
Impaired Financing Receivable, Unpaid Principal Balance	914	1,134
One-to-four family residential non-owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,031	1,486
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,031	1,486
Impaired Financing Receivable, with Related Allowance, Recorded Investment	820	1,647
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	820	1,647
Impaired Financing Receivable, Related Allowance	2	18
Impaired Financing Receivable, Recorded Investment	1,851	3,133
Impaired Financing Receivable, Unpaid Principal Balance	1,851	3,133
Multifamily
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,104	2,105
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	2,104	2,105
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Recorded Investment	2,104	2,105
Impaired Financing Receivable, Unpaid Principal Balance	2,104	2,105
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	16,669	1,266
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	16,669	1,266
Impaired Financing Receivable, Related Allowance	0	0
Impaired Financing Receivable, Recorded Investment	16,669	1,266
Impaired Financing Receivable, Unpaid Principal Balance	16,669	1,266
Construction Land Development
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		12,524
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		15,650
Impaired Financing Receivable, Related Allowance		0
Impaired Financing Receivable, Recorded Investment		12,524
Impaired Financing Receivable, Unpaid Principal Balance		15,650
Property total
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	20,078	17,818
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	20,169	21,089
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,322	2,152
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,369	2,199
Impaired Financing Receivable, Related Allowance	8	31
Impaired Financing Receivable, Recorded Investment	21,400	19,970
Impaired Financing Receivable, Unpaid Principal Balance	$ 21,538	$ 23,288

Loans Receivable Loans Receiv_2

Loans Receivable Loans Receivable: Average Recorded Investment and Interest Income Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	$ 19,894	$ 12,330
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	957	1,165
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,709	2,649
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	61	127
Impaired Financing Receivable, Average Recorded Investment	21,603	14,979
Impaired Financing Receivable, Interest Income, Accrual Method	1,018	1,292
One-to-four family, residential, owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	380	852
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	18	36
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	503	509
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	9	34
Impaired Financing Receivable, Average Recorded Investment	883	1,361
Impaired Financing Receivable, Interest Income, Accrual Method	27	70
One-to-four family residential non-owner occupied
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,207	1,833
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	69	94
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,206	2,092
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	52	93
Impaired Financing Receivable, Average Recorded Investment	2,413	3,925
Impaired Financing Receivable, Interest Income, Accrual Method	121	187
Multifamily
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	2,104	421
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	186	111
Impaired Financing Receivable, Average Recorded Investment	2,104	421
Impaired Financing Receivable, Interest Income, Accrual Method	186	111
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	10,568	2,038
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	684	90
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	0	48
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	0	0
Impaired Financing Receivable, Average Recorded Investment	10,568	2,086
Impaired Financing Receivable, Interest Income, Accrual Method	684	90
Construction Land Development
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	5,635	7,143
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	0	834
Impaired Financing Receivable, Average Recorded Investment	5,635	7,143
Impaired Financing Receivable, Interest Income, Accrual Method	0	834
Consumer
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	0	43
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	0	0
Impaired Financing Receivable, Average Recorded Investment	0	43
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 0

Loans Receivable_ Schedule of_3

Loans Receivable: Schedule of Non-performing assets and troubled debt restructured loans (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Performing TDRs	$ 3,869	$ 5,246
Nonaccrual TDRs	0	0
Total TDRs	$ 3,869	$ 5,246

Loans Receivable_ Troubled Debt

Loans Receivable: Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1	11
Pre-Modification Outstanding Recorded Investment	$ 1,249	$ 2,909
Post-Modification Outstanding Recorded Investment	$ 1,249	$ 2,909
One-to-four family residential | Principal and Interest with Interest Rate Concession
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	0	7
Pre-Modification Outstanding Recorded Investment	$ 0	$ 1,360
Post-Modification Outstanding Recorded Investment	$ 0	$ 1,360
One-to-four family residential | Advancement of Maturity Date
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	0	3
Pre-Modification Outstanding Recorded Investment	$ 0	$ 694
Post-Modification Outstanding Recorded Investment	$ 0	$ 694
Commercial Real Estate | Advancement of Maturity Date
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1	1
Pre-Modification Outstanding Recorded Investment	$ 1,249	$ 855
Post-Modification Outstanding Recorded Investment	$ 1,249	$ 855

Other Real Estate Owned - Other

Other Real Estate Owned - Other Real Estate, Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Other Real Estate [Roll Forward]
Balance at beginning of year	$ 454	$ 483
Market value adjustments	0	(29)
Balance at end of year	$ 454	$ 454

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Real Estate	$ 454,000	$ 454,000	$ 483,000
Mortgage Loans in Process of Foreclosure, Amount	2,100,000
One-to-four family residential
Mortgage Loans in Process of Foreclosure, Amount	0
Commercial Real Estate
Other Real Estate	$ 454,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment
Property, plant and equipment, gross	$ 37,262	$ 35,282
Less accumulated depreciation and amortization	(15,168)	(13,043)
Payments for Construction in Process	485	227
Property, plant and equipment, net	22,579	22,466
Depreciation of premises and equipment	2,170	1,840
Land
Property, Plant and Equipment
Property, plant and equipment, gross	2,226	2,226
Buildings and improvements
Property, Plant and Equipment
Property, plant and equipment, gross	20,213	20,213
Leasehold Improvements [Member]
Property, Plant and Equipment
Property, plant and equipment, gross	5,273	4,040
Furniture, fixtures and equipment
Property, Plant and Equipment
Property, plant and equipment, gross	5,847	5,506
Computer Equipment [Member]
Property, Plant and Equipment
Property, plant and equipment, gross	$ 3,703	$ 3,297

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	$ 127,551,000	$ 136,601,000
Derivative Asset, Fair Value, Gross Asset	2,800,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	127,551,000	136,601,000
Derivative Asset, Fair Value, Gross Asset		426,000
Derivative Liability, Fair Value, Gross Liability	2,825,000
Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	13,288,000	15,629,000
Mortgage-backed investments, Fannie Mae | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	13,288,000	15,629,000
Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	4,316,000	4,292,000
Mortgage-backed investments, Freddie Mac | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	4,316,000	4,292,000
Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	17,127,000	23,050,000
Mortgage-backed investments, Ginnie Mae | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	17,127,000	23,050,000
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	10,729,000	11,448,000
Other | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	10,729,000	11,448,000
Municipal Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	17,446,000	10,911,000
Municipal Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	17,446,000	10,911,000
US Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	40,635,000	45,750,000
US Government agencies | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	40,635,000	45,750,000
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	24,010,000	25,521,000
Corporate Bonds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, fair value disclosure	24,010,000	25,521,000
Derivative Financial Instruments, Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		426,000
Derivative Financial Instruments, Assets [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset		426,000
Derivative Financial Instruments, Liabilities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	2,825,000
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)		137,027,000
Derivative Liability, Fair Value, Gross Liability	$ 2,825,000
Fair Value, Recurring [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)		$ 137,027,000

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 ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, Fair Value	$ 454,000	$ 454,000	$ 483,000
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), recorded investment	21,392,000	19,939,000
OREO, Fair Value	454,000	454,000
Total, Fair Value	21,846,000	20,393,000
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net), recorded investment	21,392,000	19,939,000
OREO, Fair Value	454,000	454,000
Total, Fair Value	21,846,000	20,393,000
Impaired loans (included in loans receivable, net), Fair Value	$ 8,000	$ 31,000

Fair Value_ Schedule of quantit

Fair Value: Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Other Real Estate	$ 454,000	$ 454,000	$ 483,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Obligations, Fair Value Disclosure, Brokered		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Obligations, Fair Value Disclosure, Brokered		94,556,000
Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Obligations, Fair Value Disclosure, Brokered		0
Impaired Financing Receivable, Recorded Investment	21,392,000	19,939,000
Other Real Estate	454,000	454,000
Impaired Loans Receivable and other real estate owned Fair Value Measurement	$ 21,846,000	$ 20,393,000
Level 3 | Market Approach Valuation Technique | Loans receivable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Unobservable Input(s)	Expected values of future cash flows	Expected values of future cash flows
Level 3 | Market Approach Valuation Technique | Loans receivable | Minimum [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Level 3 | Market Approach Valuation Technique | Loans receivable | Maximum [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Level 3 | Market Approach Valuation Technique | Loans receivable | Weighted Average
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Level 3 | Market Approach Valuation Technique | Other Real Estate Owned
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Unobservable Input(s)	Estimated selling price less selling costs	Estimated selling price less selling costs
Level 3 | Market Approach Valuation Technique | Other Real Estate Owned | Minimum [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Level 3 | Market Approach Valuation Technique | Other Real Estate Owned | Maximum [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Fair value of financial instruments, range	0.00%	0.00%
Level 3 | Market Approach Valuation Technique | 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 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Impaired Financing Receivable, Related Allowance	$ 8,000	$ 31,000
Impaired Financing Receivable, Recorded Investment	21,392,000	19,939,000
Other Real Estate	454,000	454,000
Impaired Loans Receivable and other real estate owned Fair Value Measurement	21,846,000	20,393,000
Fair Value, Nonrecurring [Member] | Level 3 | Market Approach Valuation Technique | Loans receivable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Financial and Nonfinancial Liabilities, Fair Value Disclosure	21,392,000	19,939,000
Fair Value, Nonrecurring [Member] | Level 3 | Market Approach Valuation Technique | Other Real Estate Owned
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 454,000	$ 454,000

Fair Value_ Fair Value, by Bala

Fair Value: Fair Value, by Balance Sheet Grouping (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments available-for-sale	$ 127,551,000	$ 136,601,000
Debt Securities, Held-to-maturity	2,418,000	0
FHLB stock	6,410,000	7,009,000
Derivative Asset, Fair Value, Gross Asset	2,800,000
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash on hand and in banks	7,995,000	10,094,000
Interest-earning deposits	72,494,000	12,896,000
Investments available-for-sale	127,551,000	136,601,000
Debt Securities, Held-to-maturity	2,418,000
Loans receivable, net	1,101,559,000	1,096,499,000
FHLB stock	6,410,000	7,009,000
Accrued interest receivable	5,508,000	4,138,000
Derivative Asset, Fair Value, Gross Asset		426,000
Deposits	684,057,000	513,959,000
Certificates of deposit, retail	418,118,000	430,418,000
Certificates of deposit, brokered		94,556,000
Advances from the FHLB	120,006,000	137,706,000
Accrued interest payable	211,000	285,000
Derivative Liability, Fair Value, Gross Liability	2,825,000
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash on hand and in banks	7,995,000	10,094,000
Interest-earning deposits	72,494,000	12,896,000
Investments available-for-sale	127,551,000	136,601,000
Debt Securities, Held-to-maturity	2,418,000
Loans receivable, net	1,100,582,000	1,108,462,000
FHLB stock	6,410,000	7,009,000
Accrued interest receivable	5,508,000	4,138,000
Derivative Asset, Fair Value, Gross Asset		426,000
Deposits	684,057,000	513,959,000
Certificates of deposit, retail	409,576,000	425,103,000
Certificates of deposit, brokered		94,472,000
Advances from the FHLB	120,000,000	137,700,000
Accrued interest payable	211,000	285,000
Derivative Liability, Fair Value, Gross Liability	2,825,000
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash on hand and in banks	7,995,000	10,094,000
Interest-earning deposits	72,494,000	12,896,000
Investments available-for-sale	0	0
Debt Securities, 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	684,057,000	513,959,000
Certificates of deposit, retail	0	0
Certificates of deposit, brokered		0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Derivative Liability, Fair Value, Gross Liability	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits	0	0
Investments available-for-sale	127,551,000	136,601,000
Debt Securities, Held-to-maturity	2,418,000
Loans receivable, net	0	0
FHLB stock	6,410,000	7,009,000
Accrued interest receivable	5,508,000	4,138,000
Derivative Asset, Fair Value, Gross Asset		426,000
Deposits	0	0
Certificates of deposit, retail	418,118,000	430,418,000
Certificates of deposit, brokered		94,556,000
Advances from the FHLB	120,006,000	137,706,000
Accrued interest payable	211,000	285,000
Derivative Liability, Fair Value, Gross Liability	2,825,000
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits	0	0
Investments available-for-sale	0	0
Debt Securities, Held-to-maturity	0
Loans receivable, net	1,101,559,000	1,096,499,000
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
Advances from the FHLB	0	0
Accrued interest payable	0	$ 0
Derivative Liability, Fair Value, Gross Liability	$ 0

Accrued Interest Receivable (De

Accrued Interest Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable
Interest Receivable	$ 5,508	$ 4,138
Loans receivable
Accounts, Notes, Loans and Financing Receivable
Interest Receivable	5,031	3,518
Investments
Accounts, Notes, Loans and Financing Receivable
Interest Receivable	477	603
Interest-earning deposits
Accounts, Notes, Loans and Financing Receivable
Interest Receivable	$ 0	$ 17

Deposits - Components of Deposi

Deposits - Components of Deposits (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Noninterest-bearing	$ 91,285,000	$ 52,849,000
Interest-bearing demand	108,182,000	65,897,000
Statement savings	19,221,000	17,447,000
Money market	465,369,000	377,766,000
Certificates of deposit, retail (1)	409,576,000	425,103,000
Certificates of deposit, brokered	0	94,472,000
Total deposits	1,093,633,000	1,033,534,000
Opus Bank [Member] | Adjustments [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Interest Bearing Deposits	$ 12,000	$ 28,000

Deposits - Maturities of Certif

Deposits - Maturities of Certificates of Deposit (Details) $ in Thousands	Dec. 31, 2020USD ($)
Deposits [Abstract]
2015	$ 267,621
2016	63,288
2017	58,555
2018	18,522
2019	1,590
Thereafter	0
Time Deposits	$ 409,576

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Deposits, public funds	$ 59.2	$ 34
Time Deposits at or Above FDIC Insurance Limit	135.6	130.6
Interest Expense, Time Deposits, at or Above FDIC Insurance Limit	3	$ 2.9
Deposits controlled by management, members of the Board of Directors and related entities	$ 2.1

Deposits - Interest Expense on

Deposits - Interest Expense on Deposit Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Interest-bearing demand	$ 292	$ 108
Statement savings	15	29
Money market	3,497	5,027
Certificates of deposit, retail	9,474	9,549
Certificates of deposit, brokered	727	3,283
Interest expense, deposits	$ 14,005	$ 17,996

Other Borrowings (Details)

Other Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum line of credit with FHLB	$ 614,400	$ 588,700
Maximum borrowing outstanding at any month end	160,000	184,500
Average borrowing outstanding during year	125,392	129,899
Balance outstanding at end of year	$ 120,000	$ 137,700
Average rate paid during the year	1.31%	2.09%
Weighted-average rate paid at end of year	0.36%	1.84%
Federal Reserve Bank
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Unused credit facility with another financial institution	$ 82,200
Other Financial Institutions
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Unused credit facility with another financial institution	75,000
Single Family Residential Mortgages
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Investments pledged as collateral for FHLB advances	255,500	$ 240,800
Commercial Real Estate
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Investments pledged as collateral for FHLB advances	196,200	186,900
Mulitfamily Loans Under Blanket Lien Arrangement
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Investments pledged as collateral for FHLB advances	$ 72,100	$ 79,000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Monthly Lease Payment	$ 67,000
Operating Lease, Expense	936,000	$ 752,000
Operating Lease, Right-of-Use Asset	3,647,000	2,209,000
Operating Lease, Liability, Current	$ 3,783,000	$ 2,279,000
Operating Lease, Weighted Average Remaining Lease Term	7 years 2 months 23 days	6 years 1 month 6 days
Lessee, Operating Lease, Discount Rate	2.10%	2.94%
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	66 months
Lease Cost, Monthly	$ 4,000
Lease Cost, Annual Increase Rate	3.00%
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	2 months
Lessee, Operating Lease, Renewal Term	3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	10 years 1 month 6 days
Lessee, Operating Lease, Renewal Term	5 years

Leases - Lease Liabilities (Det

Leases - Lease Liabilities (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
Due through one year	$ 713
Due after one year through two years	690
Due after two years through three years	569
Due after three years through four years	462
Due after four years through five years	362
Due after five years	1,286
Total minimum lease payments	4,082
Less: present value discount	299
Lease liability	$ 3,783

Derivatives (Details)

Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	$ (2,568,000)	$ (977,000)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	2,200,000
Derivative Asset, Fair Value, Gross Asset	2,800,000
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net	$ 0	0
Derivative, Average Fixed Interest Rate	0.80%
FHLB of Des Moines [Member]
Derivative [Line Items]
Debt Instrument, Face Amount	$ 120,000,000
Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ (2,825,000)	$ 426,000
Derivative, Average Fixed Interest Rate	1.22%
Interest Rate Swap
Derivative [Line Items]
Derivative, Notional Amount	$ 25,000,000
Minimum [Member]
Derivative [Line Items]
Derivative, Term of Contract	4 years
Derivative, Notional Amount	$ 10,000,000
Derivative, Remaining Maturity	9 months
Minimum [Member] | Forward Contracts | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Term of Contract	7 years
Maximum [Member]
Derivative [Line Items]
Derivative, Term of Contract	8 years
Derivative, Notional Amount	$ 50,000,000
Derivative, Remaining Maturity	7 years 2 months 1 day
Maximum [Member] | Forward Contracts | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Term of Contract	8 years

Benefit Plans Multiemployer Pen

Benefit Plans Multiemployer Pension Plans (Details) - USD ($)	Dec. 08, 2020	Dec. 06, 2019	Oct. 08, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2015	Jun. 30, 2014	Jan. 31, 2020
Multiemployer Plans [Line Items]
First Financial Northwest’s Plan(1)				101.70%	101.70%
Deferred compensation expense				$ 235,000	$ 74,000
Deferred Compensation Arrangement with Individual, Recorded Liability				1,500,000
Defined Benefit Plan, Benefit Obligation								$ 2,400,000
Pentegra DB Plan
Multiemployer Plans [Line Items]
Contributions by employer	$ 171,000	$ 503,000	$ 37,000	$ 171,000	$ 540,000
Multiemployer Plans, Pension | Pentegra DB Plan
Multiemployer Plans [Line Items]
Assumptions used calculating net periodic benefit cost				5.35%	5.51%
Total contributions made to plan						$ 138,300,000	$ 164,600,000
Maximum contribution rate				5.00%

Benefit Plans 401(K) Plan (Deta

Benefit Plans 401(K) Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Number of days of continuous employment to be eligible	90 days
Maximum annual contribution by employee	6.00%
Employer match	50.00%
Contributions by employer	$ 266,000	$ 333,000

Benefit Plans Employee Stock Ow

Benefit Plans Employee Stock Ownership Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Textuals [Abstract]
Amount borrowed by ESOP	$ 16,900
Shares acquired by ESOP	1,692,800
Price per share of shares acquired by ESOP	$ 10
Fixed interest rate ESOP debt	4.88%
Principal and interest payments from ESOP	$ 1,600
ESOP contribution expense	1,200	$ 1,698
Dividends on unallocated ESOP shares used to reduce ESOP contribution	$ 124	$ 148
Allocated shares	1,495,307	1,382,453
Unallocated shares	197,493	310,347
Total ESOP shares	1,692,800	1,692,800
Fair value of unallocated shares	$ 2,251	$ 4,637

Benefit Plans Stock-Based Compe

Benefit Plans Stock-Based Compensation - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense	$ 427,000	$ 501,000
First Financial Northwest, Inc. 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense, related tax benefit	$ 90,000	$ 105,000
Stock Options | First Financial Northwest Inc 2016 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (shares)	1,400,000
Number of shares remaining for grant	1,172,268
Stock Options | First Financial Northwest, Inc. 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Percentage vesting per annum	20.00%
Contractual life	10 years
Granted	0	50,000
Unrecognized compensation cost	$ 0
Restricted Stock | First Financial Northwest Inc 2016 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (shares)	400,000
Number of shares remaining for grant	286,134
Restricted Stock | First Financial Northwest, Inc. 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 36,000
Unrecognized compensation cost recognition period	2 months
Total fair value of shares vested	$ 437,000	$ 459,000

Benefit Plans Disclosure of Sha

Benefit Plans Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - First Financial Northwest, Inc. 2008 Equity Incentive Plan	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning balance	313,000
Outstanding at ending balance	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 | $ / shares	$ 10.34
Outstanding ending balance, Weighted Average Exercise Price | $ / shares	$ 10.34
Share-based Compensations Arrangement by Share-based Payment Award, Options Outstanding, Weighted Average Remaining Contractual Term [Roll Forward]
Outstanding ending balance, Weighted Average Remaining Contractual Term	2 years 11 months 23 days
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Outstanding beginning balance, Agregate Intrinsic Value | $	$ 1,440,310
Outstanding ending balance, Agregate Intrinsic Value | $	$ 397,890
Expected to Vest, Shares	313,000
Expected to Vest, Weighted Average Exercise Price | $ / shares	$ 10.34
Expected to Vest, Weighted Average Remaining Contracutal Term in Years	2 years 11 months 23 days
Expected to Vest, Aggregate Intrinsic Value | $	$ 397,890
Exercisable ending balance, Shares	313,000
Exercisable ending balance, Weighted Average Exercise Price	10.34
Exercisable ending balance, Weighted Average Remaining Contracutal Term in Years	2 years 11 months 23 days
Exercisable ending balance, Aggregate Intrinsic Value | $	$ 397,890
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	16,698
Granted, Shares	33,923
Vested, Shares	(34,393)
Nonvested ending balance, Shares	16,228
Expected to vest assuming a 3% forfeiture rate over the vesting term, Shares	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 beginning balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 16.53
Granted, Weighted-Average Grant Date Fair Value | $ / shares	11.27
Vested, Weighted-Average Grant Date Fair Value | $ / shares	12.72
Nonvested ending balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 13.61

Federal Income Taxes_ Component

Federal Income Taxes: Components of The Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current	$ 1,937	$ 2,453
Deferred	5	109
Total income tax expense	$ 1,942	$ 2,562

Federal Income Taxes_ Reconcili

Federal Income Taxes: Reconciliation From Tax At the Statutory Rate to the Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense at statutory rate	$ 2,205	$ 2,715
Tax exempt interest, net	(23)	(25)
BOLI income, net	(200)	(203)
Other, net	(40)	75
Total income tax expense	$ 1,942	$ 2,562

Federal Income Taxes_ Deferred

Federal Income Taxes: Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
ALLL	$ 3,187	$ 2,775
Reserve for unfunded commitments	74	90
Deferred compensation	309	272
Net unrealized loss on investments available-for-sale	0	146
Deferred Tax Assets, Derivative Instruments	594	0
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves	45	0
Employee benefit plans	424	487
OREO market value adjustments	10	10
Accrued expenses	141	93
Core deposit intangible	42	30
Expenses to facilitate branch acquisition	22	24
Deferred Tax Assets, Split Dollar Life Insurance	78	67
Deferred Tax Assets, Lease Liability	794	479
Total deferred tax assets	5,720	4,473
Deferred tax liabilities:
FHLB stock dividends	4	16
Loan origination fees and costs	1,031	940
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	392	0
Gain on fair value of cash flow hedge	0	89
Fixed assets	1,785	1,387
Goodwill	42	29
Deferred Tax Liability, Right Of Use Asset	766	464
Goodwill	59	47
Total deferred tax liabilities	4,079	2,972
Deferred tax assets, net	$ 1,641	$ 1,501

Federal Income Taxes - Narrativ

Federal Income Taxes - Narrative (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 0	$ 0
Unrecognized taxable temporary difference	$ 4,500,000

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Capital	$ 152,610	$ 148,048
Capital to Risk Weighted Assets	15.57%	14.38%
Capital Required for Capital Adequacy	$ 78,406	$ 82,359
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 98,008	$ 102,949
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier One Risk Based Capital	$ 140,319	$ 135,170
Tier One Risk Based Capital to Risk Weighted Assets	14.32%	13.13%
Tier One Risk Based Capital Required for Capital Adequacy	$ 58,805	$ 61,769
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier One Risk Based Capital Required to be Well Capitalized	$ 78,406	$ 82,359
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Common Equity Tier One Capital	$ 140,319	$ 135,170
Common Equity Tier One Capital to Risk Weighted Assets	14.32%	13.13%
Common Equity Tier One Capital For Capital Adequacy	$ 44,103	$ 46,327
Common Equity Tier one Capital to Risk Weighted Assets For Capital Adequacy	4.50%	4.50%
Common Equity Tier One Capital to be Well Capitalized to Risk Weighted Assets	$ 63,705	$ 66,917
Common Equity Tier One Capital to be Well Capitalized to Risk Weighted Assets	6.50%	6.50%
Tier One Leverage Capital	$ 140,319	$ 135,170
Tier One Leverage Capital to Average Assets	10.29%	10.27%
Tier One Leverage Capital Required for Capital Adequacy	$ 54,551	$ 52,630
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 68,189	$ 65,787
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%
Regulatory Assets [Line Items]
Conservation Buffer	7.57%
Minimum [Member]
Regulatory Assets [Line Items]
Conservation Buffer	2.50%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Committment to extend credit	$ 100.6	$ 129.7

Parent Company Only Financial_3

Parent Company Only Financial Statements Condensed Parent Company Only Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	$ 7,995	$ 10,094
Interest-earning deposits with banks	72,494	12,896
Deferred tax assets, net	1,641	1,501
Total assets	1,387,669	1,341,885
Other liabilities	11,242	8,847
Total liabilities	1,231,367	1,185,566
Total stockholders’ equity	156,302	156,319	$ 153,738
Total liabilities and stockholders’ equity	1,387,669	1,341,885
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	82	235
Interest-earning deposits with banks	14,346	18,456
Investment in subsidiaries	141,376	136,907
Receivable from subsidiaries	689	990
Deferred tax assets, net	2	0
Other assets	28	46
Total assets	156,523	156,634
Payable to subsidiaries	64	128
Deferred Tax Liabilities, Net	0	2
Other liabilities	157	185
Total liabilities	221	315
Total stockholders’ equity	156,302	156,319
Total liabilities and stockholders’ equity	$ 156,523	$ 156,634

Parent Company Only Financial_4

Parent Company Only Financial Statements Condensed Parent Company Only Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Interest-bearing deposits with banks	$ 52	$ 293
Total interest income	56,114	59,620
Total interest expense	15,645	20,712
Loss before provision for federal income taxes and equity in undistributed earnings of subsidiaries	10,498	12,931
Federal income tax provision	1,942	2,562
Net income	8,556	10,369
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Interest-bearing deposits with banks	56	153
Total interest income	56	153
Total interest expense	1,648	1,732
Loss before provision for federal income taxes and equity in undistributed earnings of subsidiaries	(1,592)	(1,579)
Federal income tax provision	(360)	(363)
Loss before equity in undistributed loss of subsidiaries	(1,232)	(1,216)
Equity in undistributed earnings of subsidiaries	9,788	11,585
Net income	$ 8,556	$ 10,369

Parent Company Only Financial_5

Parent Company Only Financial Statements Condensed Parent Company Only Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Net income	$ 8,556	$ 10,369
ESOP, stock options, and restricted stock compensation	427	501
Change in deferred tax liability, net	5	109
Change in other assets	291	153
Changes in other liabilities	(430)	(809)
Net cash provided by operating activities	11,974	13,080
Net cash provided in investing activities	12,779	(81,846)
Proceeds from stock options exercises	0	21
Net share settlement of stock awards	(73)	(93)
Repurchase and retirement of common stock	(5,706)	(7,406)
Dividends paid	(3,874)	(3,478)
Net cash provided by financing activities	32,746	74,746
Net increase in cash and cash equivalents	57,499	5,980
Cash and cash equivalents at beginning of year	22,990	17,010
Cash and cash equivalents at end of year	80,489	22,990
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	8,556	10,369
Equity in undistributed earnings of subsidiaries	(9,788)	(11,585)
Dividends received from subsidiary	4,888	6,525
ESOP, stock options, and restricted stock compensation	24	19
Change in deferred tax liability, net	(4)	0
Change in receivables from subsidiaries	9	(9)
Change in payables to subsidiaries	(64)	81
Change in other assets	18	6
Changes in other liabilities	(28)	2
Net cash provided by operating activities	3,611	5,408
ESOP loan repayment	1,421	1,354
Net cash provided in investing activities	1,421	1,354
Proceeds from stock options exercises	0	21
Proceeds for vested awards	358	383
Net share settlement of stock awards	(73)	(93)
Repurchase and retirement of common stock	(5,706)	(7,406)
Dividends paid	(3,874)	(3,478)
Net cash provided by financing activities	(9,295)	(10,573)
Net increase in cash and cash equivalents	(4,263)	(3,811)
Cash and cash equivalents at beginning of year	18,691	22,502
Cash and cash equivalents at end of year	$ 14,428	$ 18,691

Earnings Per Share_ Schedule _2

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 8,556	$ 10,369
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	(14)	(16)
Earnings allocated to common shareholders	$ 8,542	$ 10,353
Basic weighted-average common shares outstanding	9,734,493	9,976,056
Dilutive effect of stock options	20,460	93,446
Dilutive effect of restricted stock grants	3,691	6,404
Diluted weighted-average common shares outstanding	9,758,644	10,075,906
Basic earnings (loss) per share (usd per share)	$ 0.88	$ 1.04
Diluted earnings (loss) per share (usd per share)	$ 0.88	$ 1.03

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	203,000	0

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Contract with Customer, Liability	$ 0
Gain (Loss) on Sale of Investments	86,000	$ 151,000
Revenue from Contract with Customer, Excluding Assessed Tax	4,442,000	4,141,000
Revenue, Remaining Performance Obligation, Amount	0
BOLI [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	982,000	994,000
Wealth Management Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	663,000	879,000
Other Deposit Related Fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	277,000	284,000
Debit Card and ATM Fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	478,000	449,000
Other Loan Related Fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	1,517,000	681,000
Loan Interest Swap Fees [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	430,000	663,000
Other Noninterest Income [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 9,000	$ 40,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 08, 2021	Feb. 28, 2021	Dec. 21, 2020
Subsequent Event [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			486,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares	80,422
Stock Repurchased During Period, Price Per Share	$ 12.96
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	405,578
Loans With Potential Downgrade		$ 5,400
Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Allowance for Loan and Lease Losses, Adjustments, Other		400
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Allowance for Loan and Lease Losses, Adjustments, Other		$ 500