First Financial Northwest (FFNW) 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 09, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-33652
Entity Registrant Name	FIRST FINANCIAL NORTHWEST, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	26-0610707
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
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	FFNW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,087,817
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001401564
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash on hand and in banks	$ 9,458	$ 7,246
Interest-earning deposits with banks	26,194	66,145
Investments available-for-sale, at fair value	210,826	168,948
Investments held-to-maturity, at amortized cost	2,432	2,432
Loans receivable, net of allowance of $15,125, and $15,657	1,119,795	1,103,461
Federal Home Loan Bank ("FHLB") stock, at cost	5,512	5,465
Accrued interest receivable	5,738	5,285
Deferred tax assets, net	1,840	850
Premises and equipment, net	21,855	22,440
Bank owned life insurance ("BOLI"), net	35,819	35,210
Prepaid expenses and other assets	10,493	3,628
Right of use asset (“ROU”), net	3,301	3,646
Goodwill	889	889
Core deposit intangible, net	616	684
Total assets	1,454,768	1,426,329
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	127,808	117,751
Interest-bearing deposits	1,051,661	1,039,723
Total deposits	1,179,469	1,157,474
FHLB advances	95,000	95,000
Advance payments from borrowers for taxes and insurance	2,670	2,909
Lease liability, net	3,482	3,805
Accrued interest payable	115	112
Other liabilities	17,136	9,150
Total liabilities	1,297,872	1,268,450
Stockholders' Equity
Preferred stock, $0.01 par value; authorized 10,000,000 shares; no shares issued or outstanding	0	0
Common stock, $0.01 par value; authorized 90,000,000 shares; issued and outstanding 9,091,533 shares at June 30, 2022, and 9,125,759 shares at December 31, 2021	91	91
Additional paid-in capital	71,835	72,298
Retained earnings	90,066	86,162
Accumulated other comprehensive (loss) income, net of tax	(4,814)	174
Unearned Employee Stock Ownership Plan ("ESOP") shares	(282)	(846)
Total stockholders' equity	156,896	157,879
Total liabilities and stockholders' equity	$ 1,454,768	$ 1,426,329

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 15,125	$ 15,657
Preferred stock par value per share (in usd per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	10,000,000	10,000,000
Preferred stock shares outstanding (in shares)	0	0
Preferred stock shares issued (in shares)	0	0
Common stock shares authorized (in shares)	90,000,000	90,000,000
Common stock par value per share (in usd per share)	$ 0.01	$ 0.01
Common stock shares issued (in shares)	9,091,533	9,125,759
Common stock shares outstanding (in shares)	9,091,533	9,125,759

Consolidated Income Statements

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income
Loans, including fees	$ 12,273	$ 12,641	$ 24,274	$ 25,265
Investment securities	1,156	854	1,987	1,602
Interest-earning deposits with banks	37	16	56	28
Dividends on FHLB stock	71	83	145	162
Total interest income	13,537	13,594	26,462	27,057
Interest expense
Deposits	1,398	1,915	2,655	4,213
FHLB advances and other borrowings	315	413	615	832
Total interest expense	1,713	2,328	3,270	5,045
Net interest income	11,824	11,266	23,192	22,012
Recapture of provision for loan losses	0	(700)	(500)	(400)
Net interest income after recapture of provision for loan losses	11,824	11,966	23,692	22,412
Noninterest income
BOLI income	251	246	539	515
Wealth management revenue, net	104	167	187	327
Deposit related fees	246	227	460	426
Loan related fees	354	281	553	413
Other	6	52	11	56
Total noninterest income	961	973	1,750	1,737
Noninterest expense
Salaries and employee benefits	5,478	5,062	10,738	10,007
Occupancy and equipment	1,205	1,187	2,433	2,286
Professional fees	731	389	1,183	921
Data processing	692	680	1,369	1,377
Regulatory assessments	90	113	191	235
Insurance and bond premiums	113	111	242	235
Marketing	96	23	133	53
Other general and administrative	880	625	1,622	1,205
Total noninterest expense	9,285	8,190	17,911	16,319
Income before federal income tax provision	3,500	4,749	7,531	7,830
Federal income tax provision	692	939	1,463	1,523
Net income	$ 2,808	$ 3,810	$ 6,068	$ 6,307
Earnings per common share
Basic earnings per share (in dollars per share)	$ 0.31	$ 0.40	$ 0.67	$ 0.66
Diluted earnings per share (in dollars per share)	$ 0.31	$ 0.40	$ 0.66	$ 0.66
Weighted average number of common shares outstanding
Basic shares outstanding (in shares)	8,982,969	9,434,004	8,985,213	9,461,876
Diluted shares outstanding (in shares)	9,085,913	9,528,623	9,100,079	9,546,784

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 2,808	$ 3,810	$ 6,068	$ 6,307
Other comprehensive (loss) income, before tax:
Unrealized holding (losses) gains on investments available-for-sale	(5,619)	1,521	(12,701)	(431)
Tax effect	1,180	(319)	2,667	91
Gains (losses) on cash flow hedges	1,917	(944)	6,387	2,783
Tax effect	(403)	198	(1,341)	(584)
Other comprehensive (loss) income, net of tax	(2,925)	456	(4,988)	1,859
Total comprehensive (loss) income	$ (117)	$ 4,266	$ 1,080	$ 8,166

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Unearned ESOP Shares 1
Balances at beginning of period (in shares) at Dec. 31, 2020	9,736,875
Balances at beginning of period at Dec. 31, 2020	$ 156,302	$ 97	$ 82,095	$ 78,003	$ (1,918)	$ (1,975)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,307			6,307
Other comprehensive income (loss), net of tax	$ 1,859				1,859
Exercise of stock options (in shares)	4,000
Exercise of stock options	$ 43		43
Issuance of common stock - restricted stock awards, net (in shares)	45,593
Issuance of common stock - restricted stock awards, net	$ 0		0
Compensation related to stock options and restricted stock awards	244		244
Allocation of ESOP shares	$ 773		209			564
Repurchase and retirement of common stock (in shares)	(132,449)
Repurchase and retirement of common stock	$ (1,782)	0	(1,782)
Canceled common stock - restricted stock awards (in shares)	(2,839)
Canceled common stock - restricted stock awards	$ (39)		(39)
Cash dividend declared and paid	$ (2,086)			(2,086)
Balances at end of period (in shares) at Jun. 30, 2021	9,651,180
Balances at end of period at Jun. 30, 2021	$ 161,621	97	80,770	82,224	(59)	(1,411)
Balances at beginning of period (in shares) at Mar. 31, 2021	9,692,610
Balances at beginning of period at Mar. 31, 2021	$ 158,443	97	81,099	79,455	(515)	(1,693)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,810			3,810
Other comprehensive income (loss), net of tax	$ 456				456
Exercise of stock options (in shares)	2,000
Exercise of stock options	$ 21		21
Compensation related to stock options and restricted stock awards	148		148
Allocation of ESOP shares	$ 402		120			282
Repurchase and retirement of common stock (in shares)	(43,430)
Repurchase and retirement of common stock	$ (618)	0	(618)
Cash dividend declared and paid	$ (1,041)			(1,041)
Balances at end of period (in shares) at Jun. 30, 2021	9,651,180
Balances at end of period at Jun. 30, 2021	$ 161,621	97	80,770	82,224	(59)	(1,411)
Balances at beginning of period (in shares) at Dec. 31, 2021	9,125,759
Balances at beginning of period at Dec. 31, 2021	$ 157,879	91	72,298	86,162	174	(846)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,068			6,068
Other comprehensive income (loss), net of tax	$ (4,988)				(4,988)
Exercise of stock options (in shares)	4,481
Exercise of stock options	$ 48		48
Issuance of common stock - restricted stock awards, net (in shares)	32,212
Issuance of common stock - restricted stock awards, net	$ 0
Compensation related to stock options and restricted stock awards	314		314
Allocation of ESOP shares	$ 942		378			564
Repurchase and retirement of common stock (in shares)	(57,711)
Repurchase and retirement of common stock	$ (977)	0	(977)
Canceled common stock - restricted stock awards (in shares)	(13,208)
Canceled common stock - restricted stock awards	$ (226)		(226)
Cash dividend declared and paid	$ (2,164)			(2,164)
Balances at end of period (in shares) at Jun. 30, 2022	9,091,533
Balances at end of period at Jun. 30, 2022	$ 156,896	91	71,835	90,066	(4,814)	(282)
Balances at beginning of period (in shares) at Mar. 31, 2022	9,107,977
Balances at beginning of period at Mar. 31, 2022	$ 157,757	91	71,780	88,339	(1,889)	(564)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,808			2,808
Other comprehensive income (loss), net of tax	$ (2,925)				(2,925)
Exercise of stock options (in shares)	2,481
Exercise of stock options	$ 27		27
Issuance of common stock - restricted stock awards, net (in shares)	(1,998)
Issuance of common stock - restricted stock awards, net	$ 0
Compensation related to stock options and restricted stock awards	125		125
Allocation of ESOP shares	$ 467		185			282
Repurchase and retirement of common stock (in shares)	(16,927)
Repurchase and retirement of common stock	$ (282)	0	(282)
Cash dividend declared and paid	$ (1,081)			(1,081)
Balances at end of period (in shares) at Jun. 30, 2022	9,091,533
Balances at end of period at Jun. 30, 2022	$ 156,896	$ 91	$ 71,835	$ 90,066	$ (4,814)	$ (282)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Allocated shares (in shares)	28,213	28,213	56,426	56,426
Dividends (usd per share)	$ 0.12	$ 0.11	$ 0.24	$ 0.22

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 6,068	$ 6,307
Adjustments to reconcile net income to net cash provided by operating activities:
Recapture of provision for loan losses	(500)	(400)
Net amortization of premiums and discounts on investments	462	504
Depreciation of premises and equipment	1,105	1,069
Loss on disposal of premises and equipment	0	1
Deferred federal income taxes	336	460
Allocation of ESOP shares	942	773
Stock compensation expense	314	244
BOLI income	(539)	(515)
Annuity income	(4)	(16)
Changes in operating assets and liabilities:
Increase in prepaid expenses and other assets	(410)	(619)
Decrease in ROU	345	379
(Decrease) increase in advance payments from borrowers for taxes and insurance	(239)	118
(Increase) decrease in accrued interest receivable	(453)	10
Decrease in lease liability	(323)	(364)
Increase (decrease) in accrued interest payable	3	(18)
Increase (decrease) in other liabilities	7,990	(649)
Net cash provided by operating activities	15,097	7,284
Cash flows from investing activities:
Proceeds from calls and maturities of investments available-for-sale	3,382	4,000
Principal repayments on investments available-for-sale	9,841	8,827
Purchases of investments available-for-sale	(68,264)	(74,084)
Net (increase) decrease in loans receivable	(15,834)	19,342
Purchase of FHLB stock	(47)	(55)
Purchase of premises and equipment	(520)	(1,058)
Purchase of BOLI	(70)	(1,987)
Net cash used by investing activities	(71,512)	(45,015)
Cash flows from financing activities:
Net increase in deposits	21,995	40,669
Advances from the FHLB	35,000	0
Repayments of advances from the FHLB	(35,000)	0
Proceeds from stock options exercises	48	43
Net share settlement of stock awards	(226)	(39)
Repurchase and retirement of common stock	(977)	(1,782)
Dividends paid	(2,164)	(2,086)
Net cash provided by financing activities	18,676	36,805
Cash and cash equivalents:
Net decrease in cash and cash equivalents	(37,739)	(926)
Cash and cash equivalents at beginning of period	73,391	80,489
Cash and cash equivalents at end of period	35,652	79,563
Cash paid during the period for:
Interest paid	3,267	5,063
Federal income taxes paid	1,270	1,895
Noncash items:
Change in unrealized loss on investments available-for-sale	(12,701)	(431)
Change in unrealized gain on cash flow hedge	6,387	2,783
Initial recognition of ROU	0	757
Initial recognition of lease liability	$ 0	$ 757

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Description of Business	Description of Business First Financial Northwest, Inc. (“First Financial Northwest”), a Washington corporation, was formed on June 1, 2007 for the purpose of becoming the holding company for First Financial Northwest Bank (the “Bank”) in connection with the conversion from a mutual holding company structure to a stock holding company structure completed on October 9, 2007. First Financial Northwest’s business activities generally are limited to passive investment activities and oversight of its investment in First Financial Northwest Bank. Accordingly, the information presented in the consolidated financial statements and accompanying data, relates primarily to First Financial Northwest Bank. First Financial Northwest is a bank holding company, having converted from a savings and loan holding company on March 31, 2015, and as a bank holding company is subject to regulation by the Federal Reserve Bank of San Francisco. First Financial Northwest Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Washington State Department of Financial Institutions (“DFI”). At June 30, 2022, First Financial Northwest Bank operated in fifteen locations in Washington with the headquarters and seven retail branch locations in King County, five retail branch locations in Snohomish County and two retail branches in Pierce County. The Bank’s primary market area consists of King, Snohomish, Pierce and Kitsap counties, Washington. The Bank is a portfolio lender, originating and purchasing one-to-four family residential, multifamily, commercial real estate, construction/land development, business, and consumer loans. Loans are primarily funded by deposits from the general public, supplemented by borrowings from the FHLB and deposits raised in the national brokered deposit market. As used throughout this report, the terms “we,” “our,” “us,” or the “Company” refer to First Financial Northwest, Inc. and its consolidated subsidiary First Financial Northwest Bank, unless the context otherwise requires.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. Generally Accepted Accounting Principles (“GAAP”) for complete financial statements. These unaudited interim consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC (“2021 Form 10-K”). In our opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the unaudited interim consolidated financial statements in accordance with GAAP have been included. All significant intercompany balances and transactions between the Company and its subsidiaries have been eliminated in consolidation. Operating results for the six months ended June 30, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. In preparing the unaudited consolidated financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the allowance for loan and lease losses (“ALLL”), the valuation of other real estate owned (“OREO”) and the underlying collateral of impaired loans, deferred tax assets, the right-of-use asset and lease liability on our operating leases, and the fair value of financial instruments. The Company’s activities are considered to be a single industry segment for financial reporting purposes. The Company is engaged in the business of attracting deposits from the general public and originating and purchasing loans for its portfolio. Substantially all income is derived from a diverse base of commercial, multifamily, and residential real estate loans, consumer lending activities, and investments. Certain amounts in the unaudited interim consolidated financial statements for prior periods have been reclassified to conform to the current unaudited financial statement presentation with no effect on consolidated net income or stockholders’ equity.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recent Accounting Pronouncements Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, was originally issued in June 2016 . This ASU replaces the existing incurred loss impairment methodology that recognizes credit losses when a probable loss has been incurred with new methodology where loss estimates are based upon lifetime expected credit losses. The amendments in this ASU require a financial asset that is measured at amortized cost to be presented at the net amount expected to be collected. The income statement would then reflect the measurement of credit losses for newly recognized financial assets as well as changes to the expected credit losses that have taken place during the reporting period. The measurement of expected credit losses will be based on historical information, current conditions, and reasonable and supportable forecasts that impact the collectability of the reported amount. Available-for-sale securities will bifurcate the fair value mark and establish an allowance for credit losses through the income statement for the credit portion of that mark. The interest portion will continue to be recognized through accumulated other comprehensive income or loss. The change in allowance recognized as a result of adoption will occur through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is adopted. This ASU is effective for smaller reporting companies, such as the Company, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating its current expected loss methodology on the loan and investment portfolios to identify the necessary modifications in accordance with this standard and expects a change in the processes and procedures to calculate the ALLL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to the ALLL or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings. ASU 2019-05 issued in April 2019 further provides that entities that have certain financial instruments measured at amortized cost that has credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective upon adoption of ASU 2016-13, and should be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. The Company is in the process of compiling historical and industry data that will be used to calculate expected credit losses on the loan portfolio to ensure that it is fully compliant with the ASU at the adoption date and is evaluating the potential impact adoption of this ASU will have on its consolidated financial statements. The Company intends to adopt ASU 2016-13 in the first quarter of 2023, and as a result, the ALLL may increase. Until the evaluation is complete, however, the magnitude of the increase will not be known. In January 2021, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2021-01, Reference Rate Reform (Topic 848) . This ASU applies to contracts, hedging relationships and other transactions that reference LIBOR or other rate references expected to be discontinued because of reference rate reform. The amendments in this ASU are elective and apply to all entities that have derivative instruments that use an interest rate that will be modified by reference rate reform. This ASU provides implementation guidance to clarify that certain optional expedients and exceptions in Topic 848 may be applied to derivative instruments. This ASU may be elected on a full retrospective basis for any interim period subsequent to March 12, 2020, or on a prospective basis to new modifications from any date subsequent to the date of issuance. As of June 30, 2022, the Company’s derivative instruments continued to use LIBOR as the basis for interest-rate swap calculations. The Company is evaluating the optional election of this ASU for the transition from LIBOR to a new reference rate. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . This ASU eliminates the accounting guidance for troubled debt restructured loans (“TDRs”) by creditors while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the ASU requires public business entities to disclose current-period gross write offs by year of origination for financing receivables and net investments in leases. This ASU is effective upon adoption of ASU 2016-13.

Investments

Investments	6 Months Ended
	Jun. 30, 2022
Investments [Abstract]
Investments	Investments Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2022 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 13,256 $ 8 $ (1,308) $ 11,956 Freddie Mac 13,788 — (1,332) 12,456 Ginnie Mae 19,640 — (1,134) 18,506 Other 29,070 6 (461) 28,615 Municipal bonds 37,163 25 (5,245) 31,943 U.S. Government agencies 77,415 10 (1,627) 75,798 Corporate bonds 32,998 7 (1,453) 31,552 Total $ 223,330 $ 56 $ (12,560) $ 210,826 December 31, 2021 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 12,920 $ 146 $ (88) $ 12,978 Freddie Mac 13,039 115 (330) 12,824 Ginnie Mae 23,728 105 (146) 23,687 Other 11,278 47 (61) 11,264 Municipal bonds 36,078 677 (289) 36,466 U.S. Government agencies 41,711 61 (338) 41,434 Corporate bonds 29,997 505 (207) 30,295 Total $ 168,751 $ 1,656 $ (1,459) $ 168,948 There were no holdings of investment securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity at June 30, 2022 and December 31, 2021. The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated: June 30, 2022 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 9,747 $ (1,308) $ — $ — $ 9,747 $ (1,308) Freddie Mac 4,847 (152) 6,869 (1,180) 11,716 (1,332) Ginnie Mae 9,312 (762) 9,194 (372) 18,506 (1,134) Other 24,444 (461) — — 24,444 (461) Municipal bonds 20,817 (3,388) 8,648 (1,857) 29,465 (5,245) U.S. Government agencies 56,310 (1,226) 18,375 (401) 74,685 (1,627) Corporate bonds 26,736 (1,262) 3,809 (191) 30,545 (1,453) Total $ 152,213 $ (8,559) $ 46,895 $ (4,001) $ 199,108 $ (12,560) December 31, 2021 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 6,279 $ (88) $ — $ — $ 6,279 $ (88) Freddie Mac 4,709 (233) 3,214 (97) 7,923 (330) Ginnie Mae 18,539 (146) — — 18,539 (146) Other 4,815 (61) — — 4,815 (61) Municipal bonds 18,805 (264) 1,059 (25) 19,864 (289) U.S. Government agencies 10,123 (34) 21,682 (304) 31,805 (338) Corporate bonds 985 (15) 3,809 (192) 4,794 (207) Total $ 64,255 $ (841) $ 29,764 $ (618) $ 94,019 $ (1,459) On a quarterly basis, management makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment, recent events specific to the issuer or industry, and for debt securities, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be an other-than-temporary impairment (“OTTI”) are written down to fair value. If the Company intends to sell a debt security, or it is likely that the Company will be required to sell the debt security before recovering its cost basis, the entire impairment loss would be recognized in earnings as an OTTI. If the Company does not intend to sell the debt security and it is not likely that it will be required to sell the debt security but does not expect to recover the entire amortized cost basis of the debt security, only the portion of the impairment loss representing credit losses would be recognized in earnings. The credit loss on a debt security is measured as the difference between the amortized cost basis and the present value of the cash flows expected to be collected. Projected cash flows are discounted by the original or current effective interest rate depending on the nature of the debt security being measured for potential OTTI. The remaining impairment related to all other factors, the difference between the present value of the cash flows expected to be collected and fair value, is recognized as a charge to other comprehensive income (“OCI”). Impairment losses related to all other factors are presented as separate categories within OCI. The Company had 112 securities and 51 securities in an unrealized loss position, respectively, with 27 and 14 of these securities in an unrealized loss position for 12 months or more, at both June 30, 2022, and December 31, 2021, respectively. Management does not believe that any individual unrealized loss as of June 30, 2022, or December 31, 2021, represented OTTI. The decline in fair market value of these securities was generally due to changes in interest rates and changes in market-desired spreads subsequent to their purchase. Management also reviewed the financial condition of the entities issuing municipal or corporate bonds at June 30, 2022, and December 31, 2021, and determined that an OTTI charge was not warranted. The amortized cost and estimated fair value of investments available-for-sale at June 30, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately. June 30, 2022 Amortized Cost Fair Value (In thousands) Due within one year $ 6,397 $ 6,338 Due after one year through five years 42,445 41,964 Due after five years through ten years 30,455 28,837 Due after ten years 68,279 62,154 147,576 139,293 Mortgage-backed investments 75,754 71,533 Total $ 223,330 $ 210,826 Under Washington state law, in order to participate in the public funds program the Company is required to pledge eligible securities as collateral in an amount equal to 50% of the public deposits held less the FDIC insured amount. Investment securities with market values of $22.8 million and $23.1 million were pledged as collateral for public deposits at June 30, 2022, and December 31, 2021, respectively, both of which exceeded the collateral requirements established by the Washington Public Deposit Protection Commission. For the three and six months ended June 30, 2022, there were $1.0 million and $3.4 million, respectively, in calls and maturities on investment securities with no gain or loss generated. For the three and six months ended June 30, 2021, there were $2.0 million and $4.0 million, respectively, in calls and maturities on investment securities with no gain or loss generated. In January 2020, the Bank purchased three annuity contracts, totaling $2.4 million, to be held long-term to satisfy the benefit obligation associated with certain supplemental executive retirement plan agreements. At June 30, 2022, the annuities were reported as investments held-to-maturity at an amortized cost of $2.4 million on the Company’s Consolidated Balance Sheets. The amortized cost is considered the fair value of the investment.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans Receivable	Loans Receivable Loans receivable are disclosed net of loans in process (“LIP”) and are summarized as follows at the dates indicated: June 30, 2022 December 31, 2021 (In thousands) One-to-four family residential: Permanent owner occupied $ 212,364 $ 185,320 Permanent non-owner occupied 224,390 199,796 436,754 385,116 Multifamily 135,961 130,146 Commercial real estate 412,693 419,417 Construction/land: One-to-four family residential 34,932 34,677 Multifamily 15,500 37,194 Commercial — 6,189 Land 13,915 15,395 64,347 93,455 Business 33,692 46,590 Consumer 51,603 44,812 Total loans 1,135,050 1,119,536 Less: Deferred loan fees, net 130 418 ALLL 15,125 15,657 Loans receivable, net $ 1,119,795 $ 1,103,461 At June 30, 2022, loans totaling $522.0 million were pledged to secure borrowings from the FHLB compared to $561.4 million at December 31, 2021. In addition, loans totaling $90.3 million and $120.0 million were pledged to the Federal Reserve Bank of San Francisco to secure a line of credit at June 30, 2022 and December 31, 2021, respectively. Credit Quality Indicators . The Company assigns a risk rating to all credit exposures based on a risk rating system designed to define the basic characteristics and identified risk elements of each credit extension. The Company utilizes a nine point risk rating system. A description of the general characteristics of the risk grades is as follows: • Grades 1 through 5: These grades are considered to be “pass” credits. These include assets where there is 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” and possess well defined weaknesses which make the full collection or liquidation of the loan highly questionable and improbable. This classification is used where significant risk exposures are perceived but the exact amount of the loss cannot yet be determined due to pending events. • Grade 9: Assets classified as “loss” are considered uncollectible and cannot be justified as a viable asset for the Company. There is little or no prospect of near term recovery and no realistic strengthening action of significance is pending. The grades for watch and special mention loans 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. These are loans which have been criticized based upon known characteristics such as periodic payment delinquency, failure to comply with contractual terms of the loan or stale financial information from the borrower and/or guarantors. Loans identified as criticized (watch and special mention) or classified (substandard, doubtful or loss) are subject to problem loan reporting every three months. As of June 30, 2022, and December 31, 2021, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2022, and December 31, 2021 by type and risk category: June 30, 2022 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 434,337 $ 132,001 $ 346,576 $ 64,347 $ 33,692 $ 51,060 $ 1,062,013 Pass, grade 5 (watch) 1,684 2,309 15,246 — — 138 19,377 Special mention 733 — 10,921 — — 212 11,866 Substandard — 1,651 39,950 — — 193 41,794 Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 December 31, 2021 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 383,276 $ 126,149 $ 351,241 $ 91,202 $ 46,590 $ 44,379 $ 1,042,837 Pass, grade 5 (watch) 911 3,997 23,019 2,253 — 33 30,213 Special mention 929 — 11,127 — — 221 12,277 Substandard — — 34,030 — — 179 34,209 Total loans $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536 ALLL . When the Company classifies problem assets as either substandard or doubtful, pursuant to Federal regulations, or identifies a loan where it is uncertain if the Bank will be able to collect all amounts due according to the contractual terms of the loan, it may establish a specific allowance in an amount deemed prudent to address the risk specifically. General allowances represent loss allowances which have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been specifically allocated to the particular problem assets. When an insured institution classifies problem assets as a loss, pursuant to Federal regulations, it is required to charge-off such assets in the period in which they are deemed uncollectible. The determination as to the classification of the Company’s assets and the amount of valuation allowances is subject to review by bank regulators, who can require the establishment of additional allowances for loan losses. At June 30, 2022, total loans receivable included $1.5 million of loans originated under the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) as compared to $30.8 million at June 30, 2021. Although these loans were included in the population of loans collectively evaluated for impairment, no general allowance was allocated to them as these loans are 100% guaranteed by the SBA. The following tables summarize changes in the ALLL and loan portfolio by loan type and impairment method at the dates and for the periods shown: At or For the Three Months Ended June 30, 2022 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,475 $ 1,455 $ 6,315 $ 1,642 $ 781 $ 1,491 $ 15,159 Charge-offs — — — — — (37) (37) Recoveries 3 — — — — — 3 Provision (recapture) 214 (159) (128) (285) 217 141 — Ending balance $ 3,692 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,125 At or For the Six Months Ended June 30, 2022 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,214 $ 1,279 $ 6,615 $ 2,064 $ 1,112 $ 1,373 $ 15,657 Charge-offs — — — — — (37) (37) Recoveries 5 — — — — — 5 Provision (recapture) 473 17 (428) (707) (114) 259 (500) Ending balance $ 3,692 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,125 ALLL by category: General allowance $ 3,676 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,109 Specific allowance 16 — — — — — 16 Loans: Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 Loans collectively evaluated for impairment 434,672 134,310 372,743 64,347 33,692 51,603 1,091,367 Loans individually evaluated for impairment 2,082 1,651 39,950 — — — 43,683 At or For the Three Months Ended June 30, 2021 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,051 $ 1,332 $ 6,892 $ 2,193 $ 1,026 $ 1,008 $ 15,502 Recoveries 76 — — — — — 76 (Recapture) provision (135) 45 (978) 192 107 69 (700) Ending balance $ 2,992 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,878 At or For the Six Months Ended June 30, 2021 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,181 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,174 Recoveries 104 — — — — — 104 (Recapture) provision (293) 11 (213) 196 (109) 8 (400) Ending balance $ 2,992 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,878 ALLL by category: General allowance $ 2,990 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,876 Specific allowance 2 — — — — — 2 Loans: Total loans $ 370,935 $ 142,881 $ 370,706 $ 104,922 $ 67,431 $ 41,345 $ 1,098,220 Loans collectively evaluated for impairment 368,513 142,881 343,712 104,922 67,431 41,345 1,068,804 Loans individually evaluated for impairment 2,422 — 26,995 — — — 29,417 Past Due Loans. Loans are considered past due if a scheduled principal or interest payment is due and unpaid for 30 days or more. At June 30, 2022, there were no loans past due, and at December 31, 2021, loans past due were $255,000, representing 0.02% of total loans receivable. The following tables represent a summary of the aging of loans by type at the dates indicated: Loans Past Due as of June 30, 2022 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 212,364 $ 212,364 Non-owner occupied — — — 224,390 224,390 Multifamily — — — — 135,961 135,961 Commercial real estate — — — — 412,693 412,693 Construction/land — — — 64,347 64,347 Total real estate — — — — 1,049,755 1,049,755 Business — — — — 33,692 33,692 Consumer — — — 51,603 51,603 Total loans $ — $ — $ — $ — $ 1,135,050 $ 1,135,050 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at June 30, 2022. Loans Past Due as of December 31, 2021 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 185,320 $ 185,320 Non-owner occupied — — — — 199,796 199,796 Multifamily — — — — 130,146 130,146 Commercial real estate — — — — 419,417 419,417 Construction/land — — — — 93,455 93,455 Total real estate — — — — 1,028,134 1,028,134 Business 76 — — 76 46,514 46,590 Consumer 179 — — 179 44,633 44,812 Total loans $ 255 $ — $ — $ 255 $ 1,119,281 $ 1,119,536 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2021. Nonperforming Loans. When a loan becomes 90 days past due, the Bank generally places the loan on nonaccrual status. Loans may be placed on nonaccrual status prior to being 90 days past due if there is an identified problem that indicates the borrower is unable to meet their scheduled payment obligations. At June 30, 2022 and December 31, 2021 there were no nonaccrual loans. The following tables summarize the loan portfolio by type and payment status at the dates indicated: June 30, 2022 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 Nonperforming — — — — — — — Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 _____________ (1) There were $212.4 million of owner-occupied one-to-four family residential loans and $224.4 million of non-owner occupied one-to-four family residential loans classified as performing. December 31, 2021 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536 Nonperforming — — — — — — — Total loans $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536 _____________ (1) There were $185.3 million of owner-occupied one-to-four family residential loans and $199.8 million of non-owner occupied one-to-four family residential loans classified as performing. Impaired Loans. A loan is considered impaired when we have determined that we may be unable to collect payments of principal or interest when due under the terms of the original loan document or the borrower failing to comply with contractual terms of the loan. At June 30, 2022, and December 31, 2021, there were no commitments to advance funds related to impaired loans. The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: June 30, 2022 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 176 $ 179 $ — Non-owner occupied 900 900 — Multifamily 1,651 1,651 — Commercial real estate 39,950 39,950 — Total 42,677 42,680 — Loans with an allowance: One-to-four family residential: Owner occupied 490 537 16 Non-owner occupied 516 516 — Total 1,006 1,053 16 Total impaired loans: One-to-four family residential: Owner occupied 666 716 16 Non-owner occupied 1,416 1,416 — Multifamily 1,651 1,651 — Commercial real estate 39,950 39,950 — Total $ 43,683 $ 43,733 $ 16 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2021 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 178 $ 185 $ — Non-owner occupied 915 915 — Commercial real estate 34,030 34,030 — Total 35,123 35,130 — Loans with an allowance: One-to-four family residential: Owner occupied 494 541 19 Non-owner occupied 520 520 1 Total 1,014 1,061 20 Total impaired loans: One-to-four family residential: Owner occupied 672 726 19 Non-owner occupied 1,435 1,435 1 Commercial real estate 34,030 34,030 — Total $ 36,137 $ 36,191 $ 20 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 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 $ 177 $ 3 $ 177 $ 6 Non-owner occupied 904 15 908 30 Multifamily 1,656 17 1,104 34 Commercial real estate 40,062 426 38,051 835 Total 42,799 461 40,240 905 Loans with an allowance: One-to-four family residential: Owner occupied 491 7 492 14 Non-owner occupied 517 9 518 18 Total 1,008 16 1,010 32 Total impaired loans: One-to-four family residential: Owner occupied 668 10 669 20 Non-owner occupied 1,421 24 1,426 48 Multifamily 1,656 17 1,104 34 Commercial real estate 40,062 426 38,051 835 Total $ 43,807 $ 477 $ 41,250 $ 937 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 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 $ 227 $ 3 $ 242 $ 6 Non-owner occupied 933 16 965 31 Multifamily 1,018 — 1,380 — Commercial real estate 21,777 298 20,074 593 Total 23,955 317 22,661 630 Loans with an allowance: One-to-four family residential: Owner occupied 499 8 500 17 Non-owner occupied 816 13 817 26 Total 1,315 21 1,317 43 Total impaired loans: One-to-four family residential: Owner occupied 726 11 742 23 Non-owner occupied 1,749 29 1,782 57 Multifamily 1,018 — 1,380 — Commercial real estate 21,777 298 20,074 593 Total $ 25,270 $ 338 $ 23,978 $ 673 Troubled Debt Restructurings. Certain loan modifications are accounted for as TDRs. At both June 30, 2022, and December 31, 2021, TDRs totaled $2.1 million. At June 30, 2022, the Company had no commitments to extend additional credit to borrowers whose loan terms have been modified as a TDR. All TDRs are also classified as impaired loans and are included in the loans individually evaluated for impairment as part of the calculation of the ALLL. No loans accounted for as TDRs were charged-off to the ALLL for the three and six months ended June 30, 2022 and 2021. There were no TDR modifications during the six months ended June 30, 2022. The following table presents TDR modifications during the six months ended June 30, 2021, and the recorded investment prior to and after the modification. Six Months Ended June 30, 2021 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in thousands) Commercial real estate: Advancement of maturity date 1 $ 1,241 $ 1,241 Total 1 $ 1,241 $ 1,241

Other Real Estate Owned

Other Real Estate Owned	6 Months Ended
	Jun. 30, 2022
Other Real Estate [Abstract]
Other Real Estate Owned	Other Real Estate Owned OREO includes properties acquired by the Company through foreclosure and deed in lieu of foreclosure. The following table is a summary of OREO activity during the periods shown: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ — $ 454 $ — $ 454 Market value adjustments — — — — Balance at end of period $ — $ 454 $ — $ 454

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	Fair Value 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, is 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. • OREO: 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 measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at June 30, 2022 and December 31, 2021: Fair Value Measurements at June 30, 2022 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 11,956 $ — $ 11,956 $ — Freddie Mac 12,456 740 11,716 — Ginnie Mae 18,506 — 18,506 — Other 28,615 5,844 22,771 — Municipal bonds 31,943 — 31,943 — U.S. Government agencies 75,798 39,016 36,782 — Corporate bonds 31,552 — 31,552 — Total available-for-sale investments 210,826 45,600 165,226 — Derivative fair value asset 7,878 — 7,878 — Total $ 218,704 $ 45,600 $ 173,104 $ — Fair Value Measurements at December 31, 2021 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Assets: Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 12,978 $ — $ 12,978 $ — Freddie Mac 12,824 744 12,080 — Ginnie Mae 23,687 — 23,687 — Other 11,264 3,023 8,241 — Municipal bonds 36,466 — 36,466 — U.S. Government agencies 41,434 — 41,434 — Corporate bonds 30,295 — 30,295 — Total available-for-sale investments 168,948 3,767 165,181 — Derivative fair value asset 1,491 — 1,491 — Total $ 170,439 $ 3,767 $ 166,672 $ — The estimated fair value of Level 2 investments is based on quoted prices for similar investments in active markets, identical or similar investments in markets that are not active and model-derived valuations whose inputs are observable. The tables below present the balances of assets measured at fair value on a nonrecurring basis at June 30, 2022, and December 31, 2021: Fair Value Measurements at June 30, 2022 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 43,667 $ — $ — $ 43,667 Total $ 43,667 $ — $ — $ 43,667 _____________ (1) Total fair value of impaired loans is net of $16,000 of specific allowances on performing TDRs. Fair Value Measurements at December 31, 2021 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 36,118 $ — $ — $ 36,118 Total $ 36,118 $ — $ — $ 36,118 _____________ (1) Total fair value of impaired loans is net of $20,000 of specific allowances on performing TDRs. The fair value of impaired loans reflects the exit price and is calculated using the collateral value method or on a discounted cash flow basis. Inputs used in the collateral value method include appraised values, less estimated costs to sell. Some of these inputs may not be observable in the marketplace. Appraised values may be discounted based on management’s knowledge of the marketplace, subsequent changes in market conditions, or management’s knowledge of the borrower. The following tables present quantitative information about Level 3 fair value measurements for assets measured at fair value on a nonrecurring basis at June 30, 2022 and December 31, 2021: June 30, 2022 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 43,667 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) December 31, 2021 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 36,118 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: June 30, 2022 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 9,458 $ 9,458 $ 9,458 $ — $ — Interest-earning deposits with banks 26,194 26,194 26,194 — — Investments available-for-sale 210,826 210,826 45,600 165,226 — Investments held-to-maturity 2,432 2,432 — 2,432 — Loans receivable, net 1,119,795 1,108,057 — — 1,108,057 FHLB stock 5,512 5,512 — 5,512 — Accrued interest receivable 5,738 5,738 — 5,738 — Derivative fair value asset 7,878 7,878 — 7,878 — Financial Liabilities: Deposits 855,326 855,326 855,326 — — Certificates of deposit, retail 270,866 265,299 — 265,299 — Brokered deposits 53,277 53,222 — 53,222 — Advances from the FHLB 95,000 94,992 — 94,992 — Accrued interest payable 115 115 — 115 — December 31, 2021 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 7,246 $ 7,246 $ 7,246 $ — $ — Interest-earning deposits with banks 66,145 66,145 66,145 — — Investments available-for-sale 168,948 168,948 3,767 165,181 — Investments held-to-maturity 2,432 2,432 — 2,432 — Loans receivable, net 1,103,461 1,109,887 — — 1,109,887 FHLB stock 5,465 5,465 — 5,465 — Accrued interest receivable 5,285 5,285 — 5,285 — Derivative fair value asset 1,491 1,491 — 1,491 — Financial Liabilities: Deposits 863,347 863,347 863,347 — — Certificates of deposit, retail 294,127 295,929 — 295,929 — Advances from the FHLB 95,000 95,003 — 95,003 — Accrued interest payable 112 112 — 112 —

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company follows ASC Topic 842, Leases, recognizing a ROU and related lease liabilities on the Company’s Consolidated Balance Sheets. At June 30, 2022, the Company had 13 operating leases for retail branch locations. The remaining lease terms range from 0.6 years to 8.6 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 June 30, 2022, the Company was committed to paying $71,000 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 on the Company’s Consolidated Income Statements 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 following table includes details on these items at and for the six months ended June 30, 2022, and 2021. June 30, 2022 June 30, 2021 (dollars in thousands) Lease expense, quarter-to-date $ 297 $ 262 Lease expense, year-to-date 565 519 ROU 3,301 4,025 Lease liability 3,482 4,176 Weighted average remaining term, years 6.0 years 6.6 years Weighted average discount rate 1.92 % 1.92 % The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2022 and the discounted lease liability at that date: June 30, 2022 (in thousands) Due through one year $ 812 Due after one year through two years 684 Due after two years through three years 586 Due after three years through four years 438 Due after four years through five years 299 Due after five years 879 Total minimum lease payments 3,698 Less: present value discount 216 Lease liability $ 3,482

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company uses derivative financial instruments, in particular, interest rate swaps, which are designated as cash flow hedges, to manage the risk of changes in future cash flows due to interest rate fluctuations. At June 30, 2022, the cash flow hedges have a total notional amount of $95.0 million and consist of rolling one-month or three-month FHLB advances that are renewed at the fixed interest rate at each renewal date. These hedging instruments have four eight Quarterly, the effectiveness evaluation is based upon the fluctuation of the fixed rate interest the Company pays to the FHLB for the period compared to the one-month or three-month LIBOR interest received from the counterparty. At June 30, 2022, a $7.9 million net fair value gain of the cash flow hedges was reported with other assets on the Company’s Consolidated Balance Sheet. The tax effected amount of $6.2 million was included in accumulated other comprehensive income on the Company’s Consolidated Balance Sheet. There were no amounts recorded on the Consolidated Income Statements for the quarters ended June 30, 2022 or 2021, related to ineffectiveness. Fair value for these derivative instruments, which generally changes as a result of changes in the level of market interest rates, is estimated based on dealer quotes and secondary market sources. The following table presents the fair value of these derivative instruments as of June 30, 2022 and December 31, 2021: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets/(Other Liabilities) $ 7,878 $ 1,491 The following table presents the net unrealized gains and losses, net of tax, from these derivative instruments included on the Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ 1,514 $ (746) $ 5,046 $ 2,199

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation In June 2016, First Financial Northwest’s shareholders approved the First Financial Northwest, Inc. 2016 Equity Incentive Plan (“2016 Plan”). This plan provides for the granting of incentive stock options (“ISO”), non-qualified stock options (“NQSO”), restricted stock and restricted stock units until June 2026. The 2016 Plan established 1,400,000 shares available to grant with a maximum of 400,000 of these shares available to grant as restricted stock awards. Each share issued as a restricted stock award counts as two shares towards the total shares available to award. Under the 2016 Plan, the vesting date for each option award or restricted stock award is determined by an award committee and specified in the award agreement. In the case of restricted stock awards granted in lieu of cash payments of directors’ fees, the grant date is used as the vesting date unless the award agreement provides otherwise. As a result of the approval of the 2016 Plan, the First Financial Northwest, Inc. 2008 Equity Incentive Plan (“2008 Plan”) was frozen and no additional awards will be made. At June 30, 2022, there were 996,498 total shares available for grant under the 2016 Plan, including 198,249 shares available to be granted as restricted stock. For the three months ended June 30, 2022 and 2021, total compensation expense for the 2016 Plan was $125,000 and $148,000, respectively, and the related income tax benefit was $26,000 and $31,000, respectively. For the six months ended June 30, 2022 and 2021, total compensation expense for the 2016 Plan was $314,000 and $244,000, respectively, and the related income tax benefit was $66,000 and $51,000, respectively. The final compensation expense for the 2008 plan was recognized in 2020. 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 years, with 20% vesting on the anniversary date of each grant date, and a contractual life of ten years. Any unexercised stock options expire ten years after the grant date, or sooner in the event of the award recipient’s death, disability or termination of service with the Company and the Bank. At June 30, 2022, there were 267,519 stock options from the 2008 Plan vested and available for exercise, subject to the 2008 Plan provisions. 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. At June 30, 2022, there were no stock options issued from the 2016 Plan. The fair value of each option award is estimated on the grant date using a Black-Scholes model that uses the following assumptions. The dividend yield is based on the current quarterly dividend in effect at the time of the grant. Historical employment data is used to estimate the forfeiture rate. The historical volatility of the Company’s stock price over a specified period of time is used for the expected volatility assumption. First Financial Northwest bases the risk-free interest rate on the U.S. Treasury Constant Maturity Indices in effect on the date of the grant. First Financial Northwest elected to use the “Share-Based Payments” method permitted by the SEC to calculate the expected term. This method uses the vesting term of an option along with the contractual term, setting the expected life at the midpoint. Under certain conditions, a cashless exercise of vested stock options may occur by the option holder surrendering the number of options valued at the current stock price at the time of exercise to cover the total cost to exercise. The surrendered options are canceled and are unavailable for reissue. A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2022, follows: For the Three Months Ended June 30, 2022 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2022 270,000 $ 10.63 $ 1,771,900 $ 3.82 Exercised (2,481) 10.88 14,188 2.97 Outstanding at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 267,519 10.63 1.64 1,314,839 3.83 Exercisable at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 For the Six Months Ended June 30, 2022 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at January 1, 2022 272,000 $ 10.63 $ 1,507,300 $ 3.82 Exercised (4,481) 10.83 26,188 $ 3.50 Outstanding at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 267,519 10.63 1.64 1,314,839 3.83 Exercisable at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 As of June 30, 2022, there was no unrecognized compensation cost related to nonvested stock options. There were no stock options granted during the six months ended June 30, 2022. Restricted Stock Awards The 2016 Plan authorizes the grant of restricted stock awards subject to vesting periods or terms as defined by the award committee and specified in the award agreement. Restricted stock awards granted in lieu of cash payments for directors’ fees are subject to immediate vesting on the grant date unless the award agreement provides otherwise. A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2022, follows: For the Three Months Ended June 30, 2022 Shares Weighted-Average Nonvested at April 1, 2022 33,270 $ 16.93 Forfeited (1,998) 16.93 Nonvested at June 30, 2022 31,272 16.93 Expected to vest assuming a 3% forfeiture rate over the vesting term 30,334 16.93 For the Six Months Ended June 30, 2022 Shares Weighted-Average Nonvested at January 1, 2022 44,426 $ 13.78 Granted 34,210 16.93 Vested (45,366) 13.85 Forfeited (1,998) 16.93 Nonvested at June 30, 2022 31,272 16.93 Expected to vest assuming a 3% forfeiture rate over the vesting term 30,334 16.93

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The table below presents the changes in accumulated OCI after-tax for the three and six months ended June 30, 2022 and 2021. Unrealized Gains and Losses on Available-for-Sale Securities Gains and Losses on Cash Flow Hedges Total (In thousands) Balance March 31, 2021 $ (1,228) $ 713 $ (515) Other comprehensive income (loss) before reclassifications 1,202 (746) 456 Net other comprehensive income (loss) 1,202 (746) 456 Balance June 30, 2021 $ (26) $ (33) $ (59) Balance December 31, 2020 $ 314 $ (2,232) $ (1,918) Other comprehensive (loss) income before reclassifications (340) 2,199 1,859 Net other comprehensive (loss) income (340) 2,199 1,859 Balance June 30, 2021 $ (26) $ (33) $ (59) Balance March 31, 2022 $ (6,599) $ 4,710 $ (1,889) Other comprehensive (loss) income before reclassifications (4,439) 1,514 (2,925) Net other comprehensive (loss) income (4,439) 1,514 (2,925) Balance June 30, 2022 $ (11,038) $ 6,224 $ (4,814) Balance December 31, 2021 $ (1,004) $ 1,178 $ 174 Other comprehensive (loss) income before reclassifications (10,034) 5,046 (4,988) Net other comprehensive (loss) income (10,034) 5,046 (4,988) Balance June 30, 2022 $ (11,038) $ 6,224 $ (4,814)

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Per the provisions of FASB ASC 260, Earnings Per Share , nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are participating securities and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. Certain of the Company’s nonvested restricted stock awards qualify as participating securities. Net income is allocated between the common stock and participating securities pursuant to the two-class method, based on their rights to receive dividends, participate in earnings, or absorb losses. Basic earnings per common shares is computed by dividing net earnings available to common shareholders by the weighted-average number of common shares outstanding during the period, excluding participating nonvested restricted shares. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Dollars in thousands, except share data) Net income $ 2,808 $ 3,810 $ 6,068 $ 6,307 Less: Earnings allocated to participating securities (9) (17) (20) (28) Earnings allocated to common shareholders $ 2,799 $ 3,793 $ 6,048 $ 6,279 Basic weighted average common shares outstanding 8,982,969 9,434,004 8,985,213 9,461,876 Dilutive stock options 96,386 85,131 98,323 76,658 Dilutive restricted stock grants 6,558 9,488 16,543 8,250 Diluted weighted average common shares outstanding 9,085,913 9,528,623 9,100,079 9,546,784 Basic earnings per share $ 0.31 $ 0.40 $ 0.67 $ 0.66 Diluted earnings per share $ 0.31 $ 0.40 $ 0.66 $ 0.66 Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. For the three months ended June 30, 2022, and 2021, there were no options to purchase shares of common stock that were omitted from the computation of diluted earnings per share because their effect would be anti-dilutive.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition In accordance with Topic 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Company expects to be entitled to receive. To determine the appropriate recognition of revenue for transactions within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with the customer; (ii) identify the separate performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the separate performance obligations in the contract; and (v) recognize revenue when the entity satisfies a performance obligation. A contract may not exist if there are doubts as to collectability of the amounts the Company is entitled to in exchange for the goods or services transferred. If a contract is determined to be within the scope of Topic 606, the Company recognizes revenue as it satisfies a performance obligation. The largest portion of the Company’s revenue is from net interest income which is not within the scope of Topic 606. Disaggregation of Revenue The following table includes the Company’s noninterest income disaggregated by type of service for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 (In thousands) BOLI income (1) $ 251 $ 246 $ 539 $ 515 Wealth management revenue 104 167 187 327 Deposit related fees 84 79 157 145 Debit card and ATM fees 162 148 303 281 Loan related fees 354 281 553 413 Other 6 52 11 56 Total noninterest income $ 961 $ 973 $ 1,750 $ 1,737 _______________ (1) Not within scope of Topic 606 For the three and six months ended June 30, 2022 and 2021, substantially all of the Company’s revenues under the scope of Topic 606 are for performance obligations satisfied at a specified date. Revenues recognized within scope of Topic 606 Wealth management revenue: Our wealth management revenue consists of commissions received on the investment portfolio managed by Bank personnel but held by a third party. Commissions are earned on brokerage services and advisory services based on contract terms at the onset of a new customer’s investment agreement or quarterly for ongoing services. Commissions are paid by the third party to the Bank when the performance obligation has been completed by both entities. Deposit related fees: Fees are earned on our deposit accounts for various products or services performed for our customers. Fees include business account fees, non-sufficient fund fees, stop payment fees, wire services, safe deposit box, and others. These fees are recognized on a daily or monthly basis, depending on the type of service. Debit card and ATM fees: Fees are earned when a debit card issued by the Bank is used or when other bank’s customers use our ATM services. Revenue is recognized at the time the fees are collected from the customer’s account or remitted by the VISA interchange network. Loan related fees: Noninterest fee income is earned on our loans for servicing or annual fees on certain loan types. Fees are also earned on the prepayment of certain loans, and are recognized at the time the loan is paid off. Other: Fees earned on other services, such as merchant services or occasional non-recurring type services, are recognized at the time of the event or the applicable billing cycle. Contract Balances

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments - Credit Losses (Topic 326) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05, was originally issued in June 2016 . This ASU replaces the existing incurred loss impairment methodology that recognizes credit losses when a probable loss has been incurred with new methodology where loss estimates are based upon lifetime expected credit losses. The amendments in this ASU require a financial asset that is measured at amortized cost to be presented at the net amount expected to be collected. The income statement would then reflect the measurement of credit losses for newly recognized financial assets as well as changes to the expected credit losses that have taken place during the reporting period. The measurement of expected credit losses will be based on historical information, current conditions, and reasonable and supportable forecasts that impact the collectability of the reported amount. Available-for-sale securities will bifurcate the fair value mark and establish an allowance for credit losses through the income statement for the credit portion of that mark. The interest portion will continue to be recognized through accumulated other comprehensive income or loss. The change in allowance recognized as a result of adoption will occur through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is adopted. This ASU is effective for smaller reporting companies, such as the Company, for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. The Company is evaluating its current expected loss methodology on the loan and investment portfolios to identify the necessary modifications in accordance with this standard and expects a change in the processes and procedures to calculate the ALLL, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to the ALLL or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings. ASU 2019-05 issued in April 2019 further provides that entities that have certain financial instruments measured at amortized cost that has credit losses, to irrevocably elect the fair value option in Subtopic 825-10, upon adoption of Topic 326. The fair value option applies to available-for-sale debt securities. This ASU is effective upon adoption of ASU 2016-13, and should be applied on a modified-retrospective basis as a cumulative-effect adjustment to the opening balance of retained earnings in the statement of financial condition as of the adoption date. The Company is in the process of compiling historical and industry data that will be used to calculate expected credit losses on the loan portfolio to ensure that it is fully compliant with the ASU at the adoption date and is evaluating the potential impact adoption of this ASU will have on its consolidated financial statements. The Company intends to adopt ASU 2016-13 in the first quarter of 2023, and as a result, the ALLL may increase. Until the evaluation is complete, however, the magnitude of the increase will not be known. In January 2021, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2021-01, Reference Rate Reform (Topic 848) . This ASU applies to contracts, hedging relationships and other transactions that reference LIBOR or other rate references expected to be discontinued because of reference rate reform. The amendments in this ASU are elective and apply to all entities that have derivative instruments that use an interest rate that will be modified by reference rate reform. This ASU provides implementation guidance to clarify that certain optional expedients and exceptions in Topic 848 may be applied to derivative instruments. This ASU may be elected on a full retrospective basis for any interim period subsequent to March 12, 2020, or on a prospective basis to new modifications from any date subsequent to the date of issuance. As of June 30, 2022, the Company’s derivative instruments continued to use LIBOR as the basis for interest-rate swap calculations. The Company is evaluating the optional election of this ASU for the transition from LIBOR to a new reference rate. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures . This ASU eliminates the accounting guidance for troubled debt restructured loans (“TDRs”) by creditors while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, the ASU requires public business entities to disclose current-period gross write offs by year of origination for financing receivables and net investments in leases. This ASU is effective upon adoption of ASU 2016-13.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Investments [Abstract]
Available-for-sale Securities	Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2022 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 13,256 $ 8 $ (1,308) $ 11,956 Freddie Mac 13,788 — (1,332) 12,456 Ginnie Mae 19,640 — (1,134) 18,506 Other 29,070 6 (461) 28,615 Municipal bonds 37,163 25 (5,245) 31,943 U.S. Government agencies 77,415 10 (1,627) 75,798 Corporate bonds 32,998 7 (1,453) 31,552 Total $ 223,330 $ 56 $ (12,560) $ 210,826 December 31, 2021 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 12,920 $ 146 $ (88) $ 12,978 Freddie Mac 13,039 115 (330) 12,824 Ginnie Mae 23,728 105 (146) 23,687 Other 11,278 47 (61) 11,264 Municipal bonds 36,078 677 (289) 36,466 U.S. Government agencies 41,711 61 (338) 41,434 Corporate bonds 29,997 505 (207) 30,295 Total $ 168,751 $ 1,656 $ (1,459) $ 168,948 There were no holdings of investment securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity at June 30, 2022 and December 31, 2021.
Schedule of Available for sale Securities in Continuous Unrealized Loss positions	The tables below summarize the aggregate fair value and gross unrealized loss by length of time those investment securities have been continuously in an unrealized loss position at the dates indicated: June 30, 2022 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 9,747 $ (1,308) $ — $ — $ 9,747 $ (1,308) Freddie Mac 4,847 (152) 6,869 (1,180) 11,716 (1,332) Ginnie Mae 9,312 (762) 9,194 (372) 18,506 (1,134) Other 24,444 (461) — — 24,444 (461) Municipal bonds 20,817 (3,388) 8,648 (1,857) 29,465 (5,245) U.S. Government agencies 56,310 (1,226) 18,375 (401) 74,685 (1,627) Corporate bonds 26,736 (1,262) 3,809 (191) 30,545 (1,453) Total $ 152,213 $ (8,559) $ 46,895 $ (4,001) $ 199,108 $ (12,560) December 31, 2021 Less Than 12 Months 12 Months or Longer Total Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized (In thousands) Mortgage-backed investments: Fannie Mae $ 6,279 $ (88) $ — $ — $ 6,279 $ (88) Freddie Mac 4,709 (233) 3,214 (97) 7,923 (330) Ginnie Mae 18,539 (146) — — 18,539 (146) Other 4,815 (61) — — 4,815 (61) Municipal bonds 18,805 (264) 1,059 (25) 19,864 (289) U.S. Government agencies 10,123 (34) 21,682 (304) 31,805 (338) Corporate bonds 985 (15) 3,809 (192) 4,794 (207) Total $ 64,255 $ (841) $ 29,764 $ (618) $ 94,019 $ (1,459)
Schedule of Available for sale Securities, Debt Maturities	The amortized cost and estimated fair value of investments available-for-sale at June 30, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately. June 30, 2022 Amortized Cost Fair Value (In thousands) Due within one year $ 6,397 $ 6,338 Due after one year through five years 42,445 41,964 Due after five years through ten years 30,455 28,837 Due after ten years 68,279 62,154 147,576 139,293 Mortgage-backed investments 75,754 71,533 Total $ 223,330 $ 210,826

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable are disclosed net of loans in process (“LIP”) and are summarized as follows at the dates indicated: June 30, 2022 December 31, 2021 (In thousands) One-to-four family residential: Permanent owner occupied $ 212,364 $ 185,320 Permanent non-owner occupied 224,390 199,796 436,754 385,116 Multifamily 135,961 130,146 Commercial real estate 412,693 419,417 Construction/land: One-to-four family residential 34,932 34,677 Multifamily 15,500 37,194 Commercial — 6,189 Land 13,915 15,395 64,347 93,455 Business 33,692 46,590 Consumer 51,603 44,812 Total loans 1,135,050 1,119,536 Less: Deferred loan fees, net 130 418 ALLL 15,125 15,657 Loans receivable, net $ 1,119,795 $ 1,103,461
Financing Receivables, Summary of Loans by Type and Risk Category	As of June 30, 2022, and December 31, 2021, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2022, and December 31, 2021 by type and risk category: June 30, 2022 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 434,337 $ 132,001 $ 346,576 $ 64,347 $ 33,692 $ 51,060 $ 1,062,013 Pass, grade 5 (watch) 1,684 2,309 15,246 — — 138 19,377 Special mention 733 — 10,921 — — 212 11,866 Substandard — 1,651 39,950 — — 193 41,794 Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 December 31, 2021 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Risk Rating: Pass, grade 1-4 $ 383,276 $ 126,149 $ 351,241 $ 91,202 $ 46,590 $ 44,379 $ 1,042,837 Pass, grade 5 (watch) 911 3,997 23,019 2,253 — 33 30,213 Special mention 929 — 11,127 — — 221 12,277 Substandard — — 34,030 — — 179 34,209 Total loans $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536
Schedule of Allowance for Loan and Lease Losses, Roll Forward	The following tables summarize changes in the ALLL and loan portfolio by loan type and impairment method at the dates and for the periods shown: At or For the Three Months Ended June 30, 2022 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,475 $ 1,455 $ 6,315 $ 1,642 $ 781 $ 1,491 $ 15,159 Charge-offs — — — — — (37) (37) Recoveries 3 — — — — — 3 Provision (recapture) 214 (159) (128) (285) 217 141 — Ending balance $ 3,692 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,125 At or For the Six Months Ended June 30, 2022 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,214 $ 1,279 $ 6,615 $ 2,064 $ 1,112 $ 1,373 $ 15,657 Charge-offs — — — — — (37) (37) Recoveries 5 — — — — — 5 Provision (recapture) 473 17 (428) (707) (114) 259 (500) Ending balance $ 3,692 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,125 ALLL by category: General allowance $ 3,676 $ 1,296 $ 6,187 $ 1,357 $ 998 $ 1,595 $ 15,109 Specific allowance 16 — — — — — 16 Loans: Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 Loans collectively evaluated for impairment 434,672 134,310 372,743 64,347 33,692 51,603 1,091,367 Loans individually evaluated for impairment 2,082 1,651 39,950 — — — 43,683 At or For the Three Months Ended June 30, 2021 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,051 $ 1,332 $ 6,892 $ 2,193 $ 1,026 $ 1,008 $ 15,502 Recoveries 76 — — — — — 76 (Recapture) provision (135) 45 (978) 192 107 69 (700) Ending balance $ 2,992 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,878 At or For the Six Months Ended June 30, 2021 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ALLL: Beginning balance $ 3,181 $ 1,366 $ 6,127 $ 2,189 $ 1,242 $ 1,069 $ 15,174 Recoveries 104 — — — — — 104 (Recapture) provision (293) 11 (213) 196 (109) 8 (400) Ending balance $ 2,992 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,878 ALLL by category: General allowance $ 2,990 $ 1,377 $ 5,914 $ 2,385 $ 1,133 $ 1,077 $ 14,876 Specific allowance 2 — — — — — 2 Loans: Total loans $ 370,935 $ 142,881 $ 370,706 $ 104,922 $ 67,431 $ 41,345 $ 1,098,220 Loans collectively evaluated for impairment 368,513 142,881 343,712 104,922 67,431 41,345 1,068,804 Loans individually evaluated for impairment 2,422 — 26,995 — — — 29,417
Financing Receivables, Aging of Loans	The following tables represent a summary of the aging of loans by type at the dates indicated: Loans Past Due as of June 30, 2022 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 212,364 $ 212,364 Non-owner occupied — — — 224,390 224,390 Multifamily — — — — 135,961 135,961 Commercial real estate — — — — 412,693 412,693 Construction/land — — — 64,347 64,347 Total real estate — — — — 1,049,755 1,049,755 Business — — — — 33,692 33,692 Consumer — — — 51,603 51,603 Total loans $ — $ — $ — $ — $ 1,135,050 $ 1,135,050 ________________ (1) There were no loans 90 days and greater past due and still accruing interest at June 30, 2022. Loans Past Due as of December 31, 2021 30-59 Days 60-89 Days 90 Days and Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ — $ — $ — $ 185,320 $ 185,320 Non-owner occupied — — — — 199,796 199,796 Multifamily — — — — 130,146 130,146 Commercial real estate — — — — 419,417 419,417 Construction/land — — — — 93,455 93,455 Total real estate — — — — 1,028,134 1,028,134 Business 76 — — 76 46,514 46,590 Consumer 179 — — 179 44,633 44,812 Total loans $ 255 $ — $ — $ 255 $ 1,119,281 $ 1,119,536 _________________ (1) There were no loans 90 days and greater past due and still accruing interest at December 31, 2021.
Financing Receivables, Summary of Loans by Type and Payment Activity	The following tables summarize the loan portfolio by type and payment status at the dates indicated: June 30, 2022 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 Nonperforming — — — — — — — Total loans $ 436,754 $ 135,961 $ 412,693 $ 64,347 $ 33,692 $ 51,603 $ 1,135,050 _____________ (1) There were $212.4 million of owner-occupied one-to-four family residential loans and $224.4 million of non-owner occupied one-to-four family residential loans classified as performing. December 31, 2021 One-to-Four Multifamily Commercial Construction/ Business Consumer Total (In thousands) Performing (1) $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536 Nonperforming — — — — — — — Total loans $ 385,116 $ 130,146 $ 419,417 $ 93,455 $ 46,590 $ 44,812 $ 1,119,536 _____________ (1) There were $185.3 million of owner-occupied one-to-four family residential loans and $199.8 million of non-owner occupied one-to-four family residential loans classified as performing.
Schedule of Impaired Financing Receivables	The following tables present a summary of loans individually evaluated for impairment by loan type at the dates indicated: June 30, 2022 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 176 $ 179 $ — Non-owner occupied 900 900 — Multifamily 1,651 1,651 — Commercial real estate 39,950 39,950 — Total 42,677 42,680 — Loans with an allowance: One-to-four family residential: Owner occupied 490 537 16 Non-owner occupied 516 516 — Total 1,006 1,053 16 Total impaired loans: One-to-four family residential: Owner occupied 666 716 16 Non-owner occupied 1,416 1,416 — Multifamily 1,651 1,651 — Commercial real estate 39,950 39,950 — Total $ 43,683 $ 43,733 $ 16 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2021 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 178 $ 185 $ — Non-owner occupied 915 915 — Commercial real estate 34,030 34,030 — Total 35,123 35,130 — Loans with an allowance: One-to-four family residential: Owner occupied 494 541 19 Non-owner occupied 520 520 1 Total 1,014 1,061 20 Total impaired loans: One-to-four family residential: Owner occupied 672 726 19 Non-owner occupied 1,435 1,435 1 Commercial real estate 34,030 34,030 — Total $ 36,137 $ 36,191 $ 20 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance.
Schedule of Impaired Financing Receivables, Average Recorded Investment and Interest Income	The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 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 $ 177 $ 3 $ 177 $ 6 Non-owner occupied 904 15 908 30 Multifamily 1,656 17 1,104 34 Commercial real estate 40,062 426 38,051 835 Total 42,799 461 40,240 905 Loans with an allowance: One-to-four family residential: Owner occupied 491 7 492 14 Non-owner occupied 517 9 518 18 Total 1,008 16 1,010 32 Total impaired loans: One-to-four family residential: Owner occupied 668 10 669 20 Non-owner occupied 1,421 24 1,426 48 Multifamily 1,656 17 1,104 34 Commercial real estate 40,062 426 38,051 835 Total $ 43,807 $ 477 $ 41,250 $ 937 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 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 $ 227 $ 3 $ 242 $ 6 Non-owner occupied 933 16 965 31 Multifamily 1,018 — 1,380 — Commercial real estate 21,777 298 20,074 593 Total 23,955 317 22,661 630 Loans with an allowance: One-to-four family residential: Owner occupied 499 8 500 17 Non-owner occupied 816 13 817 26 Total 1,315 21 1,317 43 Total impaired loans: One-to-four family residential: Owner occupied 726 11 742 23 Non-owner occupied 1,749 29 1,782 57 Multifamily 1,018 — 1,380 — Commercial real estate 21,777 298 20,074 593 Total $ 25,270 $ 338 $ 23,978 $ 673
Troubled Debt Restructurings on Financing Receivables	There were no TDR modifications during the six months ended June 30, 2022. The following table presents TDR modifications during the six months ended June 30, 2021, and the recorded investment prior to and after the modification. Six Months Ended June 30, 2021 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in thousands) Commercial real estate: Advancement of maturity date 1 $ 1,241 $ 1,241 Total 1 $ 1,241 $ 1,241

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	6 Months Ended
	Jun. 30, 2022
Other Real Estate [Abstract]
Other Real Estate, Roll Forward	The following table is a summary of OREO activity during the periods shown: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ — $ 454 $ — $ 454 Market value adjustments — — — — Balance at end of period $ — $ 454 $ — $ 454

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets measured at fair value on a recurring basis (there were no transfers between Level 1, Level 2 and Level 3 recurring measurements) at June 30, 2022 and December 31, 2021: Fair Value Measurements at June 30, 2022 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 11,956 $ — $ 11,956 $ — Freddie Mac 12,456 740 11,716 — Ginnie Mae 18,506 — 18,506 — Other 28,615 5,844 22,771 — Municipal bonds 31,943 — 31,943 — U.S. Government agencies 75,798 39,016 36,782 — Corporate bonds 31,552 — 31,552 — Total available-for-sale investments 210,826 45,600 165,226 — Derivative fair value asset 7,878 — 7,878 — Total $ 218,704 $ 45,600 $ 173,104 $ — Fair Value Measurements at December 31, 2021 Fair Value Measurements Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Assets: Investments available-for-sale: Mortgage-backed investments: Fannie Mae $ 12,978 $ — $ 12,978 $ — Freddie Mac 12,824 744 12,080 — Ginnie Mae 23,687 — 23,687 — Other 11,264 3,023 8,241 — Municipal bonds 36,466 — 36,466 — U.S. Government agencies 41,434 — 41,434 — Corporate bonds 30,295 — 30,295 — Total available-for-sale investments 168,948 3,767 165,181 — Derivative fair value asset 1,491 — 1,491 — Total $ 170,439 $ 3,767 $ 166,672 $ —
Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis	The tables below present the balances of assets measured at fair value on a nonrecurring basis at June 30, 2022, and December 31, 2021: Fair Value Measurements at June 30, 2022 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 43,667 $ — $ — $ 43,667 Total $ 43,667 $ — $ — $ 43,667 _____________ (1) Total fair value of impaired loans is net of $16,000 of specific allowances on performing TDRs. Fair Value Measurements at December 31, 2021 Fair Value Quoted Prices in Significant Significant (In thousands) Impaired loans (included in loans receivable, net) (1) $ 36,118 $ — $ — $ 36,118 Total $ 36,118 $ — $ — $ 36,118 _____________ (1) Total fair value of impaired loans is net of $20,000 of specific allowances on performing TDRs.
Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis	The following tables present quantitative information about Level 3 fair value measurements for assets measured at fair value on a nonrecurring basis at June 30, 2022 and December 31, 2021: June 30, 2022 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 43,667 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%) December 31, 2021 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Impaired Loans $ 36,118 Market approach Appraised value discounted by market or borrower conditions 0.0% (0.0%)
Fair Value, by Balance Sheet Grouping	The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: June 30, 2022 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 9,458 $ 9,458 $ 9,458 $ — $ — Interest-earning deposits with banks 26,194 26,194 26,194 — — Investments available-for-sale 210,826 210,826 45,600 165,226 — Investments held-to-maturity 2,432 2,432 — 2,432 — Loans receivable, net 1,119,795 1,108,057 — — 1,108,057 FHLB stock 5,512 5,512 — 5,512 — Accrued interest receivable 5,738 5,738 — 5,738 — Derivative fair value asset 7,878 7,878 — 7,878 — Financial Liabilities: Deposits 855,326 855,326 855,326 — — Certificates of deposit, retail 270,866 265,299 — 265,299 — Brokered deposits 53,277 53,222 — 53,222 — Advances from the FHLB 95,000 94,992 — 94,992 — Accrued interest payable 115 115 — 115 — December 31, 2021 Estimated Fair Value Measurements Using: Carrying Value Fair Value Level 1 Level 2 Level 3 (In thousands) Financial Assets: Cash on hand and in banks $ 7,246 $ 7,246 $ 7,246 $ — $ — Interest-earning deposits with banks 66,145 66,145 66,145 — — Investments available-for-sale 168,948 168,948 3,767 165,181 — Investments held-to-maturity 2,432 2,432 — 2,432 — Loans receivable, net 1,103,461 1,109,887 — — 1,109,887 FHLB stock 5,465 5,465 — 5,465 — Accrued interest receivable 5,285 5,285 — 5,285 — Derivative fair value asset 1,491 1,491 — 1,491 — Financial Liabilities: Deposits 863,347 863,347 863,347 — — Certificates of deposit, retail 294,127 295,929 — 295,929 — Advances from the FHLB 95,000 95,003 — 95,003 — Accrued interest payable 112 112 — 112 —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Components of Operating Leases	The following table includes details on these items at and for the six months ended June 30, 2022, and 2021. June 30, 2022 June 30, 2021 (dollars in thousands) Lease expense, quarter-to-date $ 297 $ 262 Lease expense, year-to-date 565 519 ROU 3,301 4,025 Lease liability 3,482 4,176 Weighted average remaining term, years 6.0 years 6.6 years Weighted average discount rate 1.92 % 1.92 %
Maturity of Leases	The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2022 and the discounted lease liability at that date: June 30, 2022 (in thousands) Due through one year $ 812 Due after one year through two years 684 Due after two years through three years 586 Due after three years through four years 438 Due after four years through five years 299 Due after five years 879 Total minimum lease payments 3,698 Less: present value discount 216 Lease liability $ 3,482

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair value of these derivative instruments as of June 30, 2022 and December 31, 2021: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets/(Other Liabilities) $ 7,878 $ 1,491
Derivative Instruments, Gain (Loss)	The following table presents the net unrealized gains and losses, net of tax, from these derivative instruments included on the Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ 1,514 $ (746) $ 5,046 $ 2,199

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	A summary of the Company’s stock option plan awards and activity for the three and six months ended June 30, 2022, follows: For the Three Months Ended June 30, 2022 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2022 270,000 $ 10.63 $ 1,771,900 $ 3.82 Exercised (2,481) 10.88 14,188 2.97 Outstanding at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 267,519 10.63 1.64 1,314,839 3.83 Exercisable at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 For the Six Months Ended June 30, 2022 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at January 1, 2022 272,000 $ 10.63 $ 1,507,300 $ 3.82 Exercised (4,481) 10.83 26,188 $ 3.50 Outstanding at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 267,519 10.63 1.64 1,314,839 3.83 Exercisable at June 30, 2022 267,519 10.63 1.64 1,314,839 3.83
Nonvested Restricted Stock Shares Activity	A summary of changes in nonvested restricted stock awards for the three and six months ended June 30, 2022, follows: For the Three Months Ended June 30, 2022 Shares Weighted-Average Nonvested at April 1, 2022 33,270 $ 16.93 Forfeited (1,998) 16.93 Nonvested at June 30, 2022 31,272 16.93 Expected to vest assuming a 3% forfeiture rate over the vesting term 30,334 16.93 For the Six Months Ended June 30, 2022 Shares Weighted-Average Nonvested at January 1, 2022 44,426 $ 13.78 Granted 34,210 16.93 Vested (45,366) 13.85 Forfeited (1,998) 16.93 Nonvested at June 30, 2022 31,272 16.93 Expected to vest assuming a 3% forfeiture rate over the vesting term 30,334 16.93

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents the changes in accumulated OCI after-tax for the three and six months ended June 30, 2022 and 2021. Unrealized Gains and Losses on Available-for-Sale Securities Gains and Losses on Cash Flow Hedges Total (In thousands) Balance March 31, 2021 $ (1,228) $ 713 $ (515) Other comprehensive income (loss) before reclassifications 1,202 (746) 456 Net other comprehensive income (loss) 1,202 (746) 456 Balance June 30, 2021 $ (26) $ (33) $ (59) Balance December 31, 2020 $ 314 $ (2,232) $ (1,918) Other comprehensive (loss) income before reclassifications (340) 2,199 1,859 Net other comprehensive (loss) income (340) 2,199 1,859 Balance June 30, 2021 $ (26) $ (33) $ (59) Balance March 31, 2022 $ (6,599) $ 4,710 $ (1,889) Other comprehensive (loss) income before reclassifications (4,439) 1,514 (2,925) Net other comprehensive (loss) income (4,439) 1,514 (2,925) Balance June 30, 2022 $ (11,038) $ 6,224 $ (4,814) Balance December 31, 2021 $ (1,004) $ 1,178 $ 174 Other comprehensive (loss) income before reclassifications (10,034) 5,046 (4,988) Net other comprehensive (loss) income (10,034) 5,046 (4,988) Balance June 30, 2022 $ (11,038) $ 6,224 $ (4,814)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Dollars in thousands, except share data) Net income $ 2,808 $ 3,810 $ 6,068 $ 6,307 Less: Earnings allocated to participating securities (9) (17) (20) (28) Earnings allocated to common shareholders $ 2,799 $ 3,793 $ 6,048 $ 6,279 Basic weighted average common shares outstanding 8,982,969 9,434,004 8,985,213 9,461,876 Dilutive stock options 96,386 85,131 98,323 76,658 Dilutive restricted stock grants 6,558 9,488 16,543 8,250 Diluted weighted average common shares outstanding 9,085,913 9,528,623 9,100,079 9,546,784 Basic earnings per share $ 0.31 $ 0.40 $ 0.67 $ 0.66 Diluted earnings per share $ 0.31 $ 0.40 $ 0.66 $ 0.66

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table includes the Company’s noninterest income disaggregated by type of service for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 (In thousands) BOLI income (1) $ 251 $ 246 $ 539 $ 515 Wealth management revenue 104 167 187 327 Deposit related fees 84 79 157 145 Debit card and ATM fees 162 148 303 281 Loan related fees 354 281 553 413 Other 6 52 11 56 Total noninterest income $ 961 $ 973 $ 1,750 $ 1,737 _______________ (1) Not within scope of Topic 606

Investments_ Available-for-sale

Investments: Available-for-sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Total	$ 223,330	$ 168,751
Gross Unrealized Gains	56	1,656
Gross Unrealized Losses	(12,560)	(1,459)
Fair Value	210,826	168,948
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Total	13,256	12,920
Gross Unrealized Gains	8	146
Gross Unrealized Losses	(1,308)	(88)
Fair Value	11,956	12,978
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Total	13,788	13,039
Gross Unrealized Gains	0	115
Gross Unrealized Losses	(1,332)	(330)
Fair Value	12,456	12,824
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Total	19,640	23,728
Gross Unrealized Gains	0	105
Gross Unrealized Losses	(1,134)	(146)
Fair Value	18,506	23,687
Other
Debt Securities, Available-for-sale [Line Items]
Total	29,070	11,278
Gross Unrealized Gains	6	47
Gross Unrealized Losses	(461)	(61)
Fair Value	28,615	11,264
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Total	37,163	36,078
Gross Unrealized Gains	25	677
Gross Unrealized Losses	(5,245)	(289)
Fair Value	31,943	36,466
U.S. Government agencies
Debt Securities, Available-for-sale [Line Items]
Total	77,415	41,711
Gross Unrealized Gains	10	61
Gross Unrealized Losses	(1,627)	(338)
Fair Value	75,798	41,434
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Total	32,998	29,997
Gross Unrealized Gains	7	505
Gross Unrealized Losses	(1,453)	(207)
Fair Value	$ 31,552	$ 30,295

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value
Less Than 12 Months	$ 152,213	$ 64,255
12 Months or Longer	46,895	29,764
Total	199,108	94,019
Gross Unrealized Loss
Less Than 12 Months	(8,559)	(841)
12 Months or Longer	(4,001)	(618)
Total	(12,560)	(1,459)
Mortgage-backed investments, Fannie Mae
Fair Value
Less Than 12 Months	9,747	6,279
12 Months or Longer	0	0
Total	9,747	6,279
Gross Unrealized Loss
Less Than 12 Months	(1,308)	(88)
12 Months or Longer	0	0
Total	(1,308)	(88)
Mortgage-backed investments, Freddie Mac
Fair Value
Less Than 12 Months	4,847	4,709
12 Months or Longer	6,869	3,214
Total	11,716	7,923
Gross Unrealized Loss
Less Than 12 Months	(152)	(233)
12 Months or Longer	(1,180)	(97)
Total	(1,332)	(330)
Mortgage backed investments Ginnie Mae
Fair Value
Less Than 12 Months	9,312	18,539
12 Months or Longer	9,194	0
Total	18,506	18,539
Gross Unrealized Loss
Less Than 12 Months	(762)	(146)
12 Months or Longer	(372)	0
Total	(1,134)	(146)
Other
Fair Value
Less Than 12 Months	24,444	4,815
12 Months or Longer	0	0
Total	24,444	4,815
Gross Unrealized Loss
Less Than 12 Months	(461)	(61)
12 Months or Longer	0	0
Total	(461)	(61)
Municipal bonds
Fair Value
Less Than 12 Months	20,817	18,805
12 Months or Longer	8,648	1,059
Total	29,465	19,864
Gross Unrealized Loss
Less Than 12 Months	(3,388)	(264)
12 Months or Longer	(1,857)	(25)
Total	(5,245)	(289)
U.S. Government agencies
Fair Value
Less Than 12 Months	56,310	10,123
12 Months or Longer	18,375	21,682
Total	74,685	31,805
Gross Unrealized Loss
Less Than 12 Months	(1,226)	(34)
12 Months or Longer	(401)	(304)
Total	(1,627)	(338)
Corporate bonds
Fair Value
Less Than 12 Months	26,736	985
12 Months or Longer	3,809	3,809
Total	30,545	4,794
Gross Unrealized Loss
Less Than 12 Months	(1,262)	(15)
12 Months or Longer	(191)	(192)
Total	$ (1,453)	$ (207)

Investments_ Narrative (Details

Investments: Narrative (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2020 USD ($)	Jun. 30, 2022 USD ($) securities	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) securities	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) securities
Investments [Abstract]
Securities in unrealized loss position | securities		112		112		51
Securities in unrealized loss position for 12 months or more | securities		27		27		14
Investments pledged as collateral for FHLB advances		50%		50%
Investments pledged as collateral for public deposits		$ 22,800,000		$ 22,800,000		$ 23,100,000
Principal repayments on investments available-for-sale		1,000,000		3,400,000
Gain on sale of investments available-for-sale		0	$ 0	0	$ 0
Proceeds from calls and maturities of investments available-for-sale			$ 2,000,000	3,382,000	4,000,000
Payments to acquire marketable securities	$ 2,400,000			68,264,000	$ 74,084,000
Investments held-to-maturity		$ 2,432,000		$ 2,432,000		$ 2,432,000

Investments_ Schedule of Avai_2

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amortized Cost
Due within one year	$ 6,397
Due after one year through five years	42,445
Due after five years through ten years	30,455
Due after ten years	68,279
Amortized Cost	147,576
Mortgage-backed investments	75,754
Total	223,330	$ 168,751
Fair Value
Due within one year	6,338
Due after one year through five years	41,964
Due after five years through ten years	28,837
Due after ten years	62,154
Fair Value	139,293
Mortgage-backed investments	71,533
Fair Value	$ 210,826	$ 168,948

Loans Receivable - Schedule of

Loans Receivable - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 1,135,050	$ 1,119,536
Deferred loan fees, net	130	418
ALLL	15,125	15,657
Loans receivable, net	1,119,795	1,103,461
One to Four Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	436,754	385,116
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	212,364	185,320
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	224,390	199,796
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	135,961	130,146
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	412,693	419,417
Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	64,347	93,455
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	34,932	34,677
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	15,500	37,194
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	0	6,189
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	13,915	15,395
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	33,692	46,590
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 51,603	$ 44,812

Loans Receivable - Narrative (D

Loans Receivable - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 1,119,795,000		$ 1,119,795,000		$ 1,103,461,000
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050,000		1,135,050,000		$ 1,119,536,000
Ratio of nonperforming loans to all loans					0.02%
Commitments to advance funds	0		0		$ 0
Troubled debt restructuring loans	2,100,000		2,100,000		2,100,000
Commitment to extend additional credit	0		0
Charge to allowance for loan and lease losses	0	$ 0	$ 0	$ 0
Number of loans | loan			0	1
Troubled debt restructuring, subsequent default	0	0
PPP Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	1,500,000	30,800,000	$ 1,500,000	$ 30,800,000
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050,000		1,135,050,000		1,119,536,000
Impaired financing receivable, related allowance	16,000	$ 2,000	16,000	$ 2,000	20,000
FHLB of Des Moines | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	522,000,000		522,000,000		561,400,000
Federal Reserve Bank | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 90,300,000		$ 90,300,000		$ 120,000,000

Loans Receivable - Financing Re

Loans Receivable - Financing Receivables, Summary of loans by type and risk category (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 1,135,050	$ 1,119,536
Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,062,013	1,042,837
Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	19,377	30,213
Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	11,866	12,277
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	41,794	34,209
One-to-Four Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	436,754	385,116
One-to-Four Family Residential | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	434,337	383,276
One-to-Four Family Residential | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,684	911
One-to-Four Family Residential | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	733	929
One-to-Four Family Residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	135,961	130,146
Multifamily | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	132,001	126,149
Multifamily | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	2,309	3,997
Multifamily | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Multifamily | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,651	0
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	412,693	419,417
Commercial Real Estate | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	346,576	351,241
Commercial Real Estate | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	15,246	23,019
Commercial Real Estate | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	10,921	11,127
Commercial Real Estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	39,950	34,030
Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347	93,455
Construction/  Land | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347	91,202
Construction/  Land | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	2,253
Construction/  Land | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Construction/  Land | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692	46,590
Business | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692	46,590
Business | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Business | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Business | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	51,603	44,812
Consumer | Pass, grade 1-4
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	51,060	44,379
Consumer | Pass, grade 5 (watch)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	138	33
Consumer | Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	212	221
Consumer | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 193	$ 179

Loans Receivable - Schedule o_2

Loans Receivable - Schedule of Allowance for Loan and Lease Losses, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Recapture of provision for loan losses	$ 0	$ (700)	$ (500)	$ (400)
One-to-Four Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	3,692	2,992	3,692	2,992	$ 3,214
Charge-offs	0		0
Impaired financing receivable, related allowance	16	2	16	2
Total Loans	436,754	370,935	436,754	370,935
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	3,475	3,051	3,214	3,181
Recoveries	3	76	5	104
Recapture of provision for loan losses		(135)		(293)
Provision (recapture)	214		473
Loans and Leases Receivable, Allowance, Ending Balance	3,692	2,992	3,692	2,992
Loans collectively evaluated for impairment	434,672	368,513	434,672	368,513
Loans individually evaluated for impairment	2,082	2,422	2,082	2,422
One-to-Four Family Residential | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	3,676	2,990	3,676	2,990
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	3,676	2,990	3,676	2,990
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,296	1,377	1,296	1,377	1,279
Charge-offs	0		0
Impaired financing receivable, related allowance	0	0	0	0
Total Loans	135,961	142,881	135,961	142,881
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,455	1,332	1,279	1,366
Recoveries	0	0	0	0
Recapture of provision for loan losses	(159)
Provision (recapture)		45	17	11
Loans and Leases Receivable, Allowance, Ending Balance	1,296	1,377	1,296	1,377
Loans collectively evaluated for impairment	134,310	142,881	134,310	142,881
Loans individually evaluated for impairment	1,651	0	1,651	0
Multifamily | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,296	1,377	1,296	1,377
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,296	1,377	1,296	1,377
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	6,187	5,914	6,187	5,914	6,615
Charge-offs	0		0
Impaired financing receivable, related allowance	0	0	0	0	0
Total Loans	412,693	370,706	412,693	370,706
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	6,315	6,892	6,615	6,127
Recoveries	0	0	0	0
Recapture of provision for loan losses	(128)	(978)	(428)	(213)
Loans and Leases Receivable, Allowance, Ending Balance	6,187	5,914	6,187	5,914
Loans collectively evaluated for impairment	372,743	343,712	372,743	343,712
Loans individually evaluated for impairment	39,950	26,995	39,950	26,995
Commercial real estate | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	6,187	5,914	6,187	5,914
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	6,187	5,914	6,187	5,914
Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,357	2,385	1,357	2,385	2,064
Charge-offs	0		0
Impaired financing receivable, related allowance	0	0	0	0
Total Loans	64,347	104,922	64,347	104,922
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,642	2,193	2,064	2,189
Recoveries	0	0	0	0
Recapture of provision for loan losses	(285)		(707)
Provision (recapture)		192		196
Loans and Leases Receivable, Allowance, Ending Balance	1,357	2,385	1,357	2,385
Loans collectively evaluated for impairment	64,347	104,922	64,347	104,922
Loans individually evaluated for impairment	0	0	0	0
Construction/  Land | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,357	2,385	1,357	2,385
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,357	2,385	1,357	2,385
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	998	1,133	998	1,133	1,112
Charge-offs	0		0
Impaired financing receivable, related allowance	0	0	0	0
Total Loans	33,692	67,431	33,692	67,431
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	781	1,026	1,112	1,242
Recoveries	0	0	0	0
Recapture of provision for loan losses			(114)	(109)
Provision (recapture)	217	107
Loans and Leases Receivable, Allowance, Ending Balance	998	1,133	998	1,133
Loans collectively evaluated for impairment	33,692	67,431	33,692	67,431
Loans individually evaluated for impairment	0	0	0	0
Business | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	998	1,133	998	1,133
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	998	1,133	998	1,133
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,595	1,077	1,595	1,077	1,373
Charge-offs	(37)		(37)
Impaired financing receivable, related allowance	0	0	0	0
Total Loans	51,603	41,345	51,603	41,345
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	1,491	1,008	1,373	1,069
Recoveries	0	0	0	0
Provision (recapture)	141	69	259	8
Loans and Leases Receivable, Allowance, Ending Balance	1,595	1,077	1,595	1,077
Loans collectively evaluated for impairment	51,603	41,345	51,603	41,345
Loans individually evaluated for impairment	0	0	0	0
Consumer | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	1,595	1,077	1,595	1,077
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	1,595	1,077	1,595	1,077
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	15,125	14,878	15,125	14,878	15,657
Charge-offs	(37)		(37)
Impaired financing receivable, related allowance	16	2	16	2	$ 20
Total Loans	1,135,050	1,098,220	1,135,050	1,098,220
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Beginning Balance	15,159	15,502	15,657	15,174
Recoveries	3	76	5	104
Recapture of provision for loan losses	0	(700)	(500)	(400)
Loans and Leases Receivable, Allowance, Ending Balance	15,125	14,878	15,125	14,878
Loans collectively evaluated for impairment	1,091,367	1,068,804	1,091,367	1,068,804
Loans individually evaluated for impairment	43,683	29,417	43,683	29,417
Property total | General allowance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, allowance	15,109	14,876	15,109	14,876
Allowance for Loan and Lease Losses [Roll Forward]
Loans and Leases Receivable, Allowance, Ending Balance	$ 15,109	$ 14,876	$ 15,109	$ 14,876

Loans Receivable - Financing _2

Loans Receivable - Financing Receivables, Aging of loans (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 1,135,050,000	$ 1,119,536,000
Financing Receivable, 90 Days or More Past Due, Still Accruing	0	0
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050,000	1,119,536,000
Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,049,755,000	1,028,134,000
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	212,364,000	185,320,000
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	224,390,000	199,796,000
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	135,961,000	130,146,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	412,693,000	419,417,000
Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347,000	93,455,000
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692,000	46,590,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	51,603,000	44,812,000
Financial Asset, Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	255,000
Financial Asset, Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Past Due | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	76,000
Financial Asset, Past Due | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	179,000
Financial Asset, 30 to 59 Days Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	255,000
Financial Asset, 30 to 59 Days Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 30 to 59 Days Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 30 to 59 Days Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss		0
Financial Asset, 30 to 59 Days Past Due | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 30 to 59 Days Past Due | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 30 to 59 Days Past Due | Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 30 to 59 Days Past Due | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	76,000
Financial Asset, 30 to 59 Days Past Due | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	179,000
Financial Asset, 60 to 89 Days Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss		0
Financial Asset, 60 to 89 Days Past Due | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, 60 to 89 Days Past Due | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss		0
Current | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050,000	1,119,281,000
Current | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,049,755,000	1,028,134,000
Current | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	212,364,000	185,320,000
Current | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	224,390,000	199,796,000
Current | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	135,961,000	130,146,000
Current | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	412,693,000	419,417,000
Current | Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347,000	93,455,000
Current | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692,000	46,514,000
Current | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 51,603,000	$ 44,633,000

Loans Receivable - Financing _3

Loans Receivable - Financing Receivables, Summary of loans by type and payment activity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 1,135,050	$ 1,119,536
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050	1,119,536
Property total | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	1,135,050	1,119,536
Property total | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
One-to-Four Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	436,754	385,116
One-to-Four Family Residential | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	436,754	385,116
One-to-Four Family Residential | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	135,961	130,146
Multifamily | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	135,961	130,146
Multifamily | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	412,693	419,417
Commercial real estate | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	412,693	419,417
Commercial real estate | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Construction/  Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347	93,455
Construction/  Land | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	64,347	93,455
Construction/  Land | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692	46,590
Business | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	33,692	46,590
Business | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	51,603	44,812
Consumer | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	51,603	44,812
Consumer | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	0	0
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	212,364	185,320
Permanent owner occupied | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	212,400	185,300
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	224,390	199,796
Permanent non-owner occupied | Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, excluding accrued interest, after allowance for credit loss	$ 224,400	$ 199,800

Loans Receivable - Schedule o_3

Loans Receivable - Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 43,667	$ 36,118
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	42,677	35,123
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	42,680	35,130
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,006	1,014
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	1,053	1,061
Impaired financing receivable, related allowance	16	20	$ 2
Impaired Financing Receivable, Recorded Investment	43,683	36,137
Impaired Financing Receivable, Unpaid Principal Balance	43,733	36,191
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	176	178
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	179	185
Impaired Financing Receivable, with Related Allowance, Recorded Investment	490	494
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	537	541
Impaired financing receivable, related allowance	16	19
Impaired Financing Receivable, Recorded Investment	666	672
Impaired Financing Receivable, Unpaid Principal Balance	716	726
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	900	915
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	900	915
Impaired Financing Receivable, with Related Allowance, Recorded Investment	516	520
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	516	520
Impaired financing receivable, related allowance	0	1
Impaired Financing Receivable, Recorded Investment	1,416	1,435
Impaired Financing Receivable, Unpaid Principal Balance	1,416	1,435
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,651
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,651
Impaired financing receivable, related allowance	0		0
Impaired Financing Receivable, Recorded Investment	1,651
Impaired Financing Receivable, Unpaid Principal Balance	1,651
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	39,950	34,030
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	39,950	34,030
Impaired financing receivable, related allowance	0	0	$ 0
Impaired Financing Receivable, Recorded Investment	39,950	34,030
Impaired Financing Receivable, Unpaid Principal Balance	$ 39,950	$ 34,030

Loans Receivable - Schedule o_4

Loans Receivable - Schedule of Impaired Financing Receivables, Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	$ 42,799	$ 23,955	$ 40,240	$ 22,661
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	461	317	905	630
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	1,008	1,315	1,010	1,317
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	16	21	32	43
Impaired Financing Receivable, Average Recorded Investment	43,807	25,270	41,250	23,978
Impaired Financing Receivable, Interest Income, Accrual Method	477	338	937	673
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	177	227	177	242
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	3	3	6	6
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	491	499	492	500
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	7	8	14	17
Impaired Financing Receivable, Average Recorded Investment	668	726	669	742
Impaired Financing Receivable, Interest Income, Accrual Method	10	11	20	23
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	904	933	908	965
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	15	16	30	31
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	517	816	518	817
Impaired Financing Receivable, with Related Allowance, Interest Income Recognized	9	13	18	26
Impaired Financing Receivable, Average Recorded Investment	1,421	1,749	1,426	1,782
Impaired Financing Receivable, Interest Income, Accrual Method	24	29	48	57
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	1,656	1,018	1,104	1,380
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	17	0	34	0
Impaired Financing Receivable, Average Recorded Investment	1,656	1,018	1,104	1,380
Impaired Financing Receivable, Interest Income, Accrual Method	17	0	34	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	40,062	21,777	38,051	20,074
Impaired Financing Receivable, with No Related Allowance, Interest Income Recognized	426	298	835	593
Impaired Financing Receivable, Average Recorded Investment	40,062	21,777	38,051	20,074
Impaired Financing Receivable, Interest Income, Accrual Method	$ 426	$ 298	$ 835	$ 593

Loans Receivable - Troubled Deb

Loans Receivable - Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 loan	Jun. 30, 2021 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan	0	1
Pre-Modification Outstanding Recorded Investment		$ 1,241
Post-Modification Outstanding Recorded Investment		$ 1,241
Commercial | Advancement of Maturity Date
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | loan		1
Pre-Modification Outstanding Recorded Investment		$ 1,241
Post-Modification Outstanding Recorded Investment		$ 1,241

Other Real Estate Owned - Other

Other Real Estate Owned - Other Real Estate, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Real Estate [Roll Forward]
Balance at beginning of period	$ 0	$ 454	$ 0	$ 454
Market value adjustments	0	0	0	0
Balance at end of period	$ 0	$ 454	$ 0	$ 454

Other Real Estate Owned - Narra

Other Real Estate Owned - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) property	Jun. 30, 2022 USD ($) property
Real Estate [Line Items]
Real estate properties sold | property	0	0
One-to-Four Family Residential
Real Estate [Line Items]
Real estate acquired through foreclosure | $	$ 0	$ 0

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 210,826	$ 168,948
Derivative fair value asset	7,878	1,491
Total	218,704	170,439
Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	11,956	12,978
Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	12,456	12,824
Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	18,506	23,687
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	28,615	11,264
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,943	36,466
U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	75,798	41,434
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,552	30,295
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	45,600	3,767
Derivative fair value asset	0	0
Total	45,600	3,767
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	740	744
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	5,844	3,023
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	39,016	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	165,226	165,181
Derivative fair value asset	7,878	1,491
Total	173,104	166,672
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	11,956	12,978
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	11,716	12,080
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	18,506	23,687
Significant Other Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	22,771	8,241
Significant Other Observable Inputs (Level 2) | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,943	36,466
Significant Other Observable Inputs (Level 2) | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	36,782	41,434
Significant Other Observable Inputs (Level 2) | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,552	30,295
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Derivative fair value asset	0	0
Total	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	$ 0

Fair Value_ Schedule of balance

Fair Value: Schedule of balances of assets and liabilities, measured at fair value on a non-recurring basis (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	$ 43,667,000	$ 36,118,000
Total, Fair Value	43,667,000	36,118,000
Financing receivable, allowance for credit losses, individually evaluated for impairment	16,000	20,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	0	0
Total, Fair Value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	0	0
Total, Fair Value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	43,667,000	36,118,000
Total, Fair Value	$ 43,667,000	$ 36,118,000

Fair Value_ Schedule of quantit

Fair Value: Schedule of quantitative information about Level 3 Fair Value Measurements on a nonrecurring basis (Details) - Loans Receivable - Significant Unobservable Inputs (Level 3) - Market Approach Valuation Technique - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial instruments, range	0%	0%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial instruments, range	0%	0%
Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial instruments, range	0%	0%
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 43,667	$ 36,118

Fair Value_ Balance Sheet Group

Fair Value: Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	$ 210,826	$ 168,948
Investments held-to-maturity	2,432	2,432
FHLB stock	5,512	5,465
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	9,458	7,246
Interest-earning deposits with banks	26,194	66,145
Investments available-for-sale	45,600	3,767
Investments held-to-maturity	0	0
Loans receivable, net	0	0
FHLB stock	0	0
Accrued interest receivable	0	0
Derivative fair value asset	0	0
Deposits	855,326	863,347
Certificates of deposit, retail	0	0
Brokered deposits	0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits with banks	0	0
Investments available-for-sale	165,226	165,181
Investments held-to-maturity	2,432	2,432
Loans receivable, net	0	0
FHLB stock	5,512	5,465
Accrued interest receivable	5,738	5,285
Derivative fair value asset	7,878	1,491
Deposits	0	0
Certificates of deposit, retail	265,299	295,929
Brokered deposits	53,222
Advances from the FHLB	94,992	95,003
Accrued interest payable	115	112
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	0	0
Interest-earning deposits with banks	0	0
Investments available-for-sale	0	0
Investments held-to-maturity	0	0
Loans receivable, net	1,108,057	1,109,887
FHLB stock	0	0
Accrued interest receivable	0	0
Derivative fair value asset	0	0
Deposits	0	0
Certificates of deposit, retail	0	0
Brokered deposits	0
Advances from the FHLB	0	0
Accrued interest payable	0	0
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	9,458	7,246
Interest-earning deposits with banks	26,194	66,145
Investments available-for-sale	210,826	168,948
Investments held-to-maturity	2,432	2,432
Loans receivable, net	1,119,795	1,103,461
FHLB stock	5,512	5,465
Accrued interest receivable	5,738	5,285
Derivative fair value asset	7,878	1,491
Deposits	855,326	863,347
Certificates of deposit, retail	270,866	294,127
Brokered deposits	53,277
Advances from the FHLB	95,000	95,000
Accrued interest payable	115	112
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	9,458	7,246
Interest-earning deposits with banks	26,194	66,145
Investments available-for-sale	210,826	168,948
Investments held-to-maturity	2,432	2,432
Loans receivable, net	1,108,057	1,109,887
FHLB stock	5,512	5,465
Accrued interest receivable	5,738	5,285
Derivative fair value asset	7,878	1,491
Deposits	855,326	863,347
Certificates of deposit, retail	265,299	295,929
Brokered deposits	53,222
Advances from the FHLB	94,992	95,003
Accrued interest payable	$ 115	$ 112

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Jun. 30, 2022 USD ($) lease
Lessee, Lease, Description [Line Items]
Property subject to or available for operating lease, number of units | lease	13
Monthly lease payment | $	$ 71
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	7 months 6 days
Renewal term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	8 years 7 months 6 days
Renewal term	5 years

Leases - Components of Operatin

Leases - Components of Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Leases [Abstract]
Lease expense	$ 297	$ 262	$ 565	$ 519
ROU	3,301	4,025	3,301	4,025	$ 3,646
Lease liability	$ 3,482	$ 4,176	$ 3,482	$ 4,176
Weighted average remaining term, years	6 years	6 years 7 months 6 days	6 years	6 years 7 months 6 days
Weighted average discount rate	1.92%	1.92%	1.92%	1.92%

Leases - Maturity of Leases (De

Leases - Maturity of Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Due through one year	$ 812
Due after one year through two years	684
Due after two years through three years	586
Due after three years through four years	438
Due after four years through five years	299
Due after five years	879
Total minimum lease payments	3,698
Less: present value discount	216
Lease liability, net	$ 3,482	$ 3,805

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Stockholders' equity	$ 156,896,000	$ 161,621,000	$ 156,896,000	$ 157,757,000	$ 157,879,000	$ 158,443,000	$ 156,302,000
Gain (loss) on hedge ineffectiveness, net	0	$ 0
Gains and Losses on Cash Flow Hedges
Derivative [Line Items]
Stockholders' equity	6,200,000		6,200,000
Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative fair value asset	7,900,000		7,900,000
Minimum
Derivative [Line Items]
National amount	10,000,000		$ 10,000,000
Term of contract			4 years
Maximum
Derivative [Line Items]
National amount	15,000,000		$ 15,000,000
Term of contract			8 years
Cash Flow Hedging
Derivative [Line Items]
National amount	$ 95,000,000		$ 95,000,000
Fixed interest rate	1.05%		1.05%
Derivative fair value asset	$ 7,878,000		$ 7,878,000		$ 1,491,000
Cash Flow Hedging | Forward Contracts
Derivative [Line Items]
Weighted average remaining term of contract			53 months
Cash Flow Hedging | Minimum | Forward Contracts
Derivative [Line Items]
Term of contract			1 year 3 months 18 days
Cash Flow Hedging | Maximum | Forward Contracts
Derivative [Line Items]
Term of contract			7 years 3 months 18 days

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash Flow Hedging
Derivative [Line Items]
Derivative fair value asset	$ 7,878	$ 1,491

Derivatives - Derivative Instru

Derivatives - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps on FHLB debt designated as a cash flow hedge	$ 1,514	$ (746)	$ 5,046	$ 2,199

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 125,000	$ 148,000
Tax benefit from compensation expense	$ 26,000	$ 31,000
Grants in period			0
First Financial Northwest Inc 2016 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	1,400,000		1,400,000
Available for grant (shares)	996,498		996,498
Expiration period			10 years
First Financial Northwest Inc 2016 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	400,000		400,000
Available for grant (shares)	198,249		198,249
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years
Percentage of options vesting per year			20%
Expiration period			10 years
Vested and available for exercise (in shares)	267,519		267,519
Compensation cost not yet recognized	$ 0		$ 0
First Financial Northwest, Inc. 2008 Equity Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	$ 343,000		$ 343,000
Compensation cost not yet recognized, weighted average vesting period			8 months

Stock-Based Compensation Disclo

Stock-Based Compensation Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Shares
Outstanding Beginning Balance (in shares)	270,000		272,000
Exercised (in shares)	(2,481)	(2,000)	(4,481)	(4,000)
Outstanding Ending Balance (in shares)	267,519		267,519
Exercisable at end of period (in shares)	267,519		267,519
Weighted-Average Exercise Price
Outstanding Beginning Balance (in dollars per share)	$ 10.63		$ 10.63
Exercised (in dollars per share)	10.88		10.83
Outstanding Ending Balance (in dollars per share)	$ 10.63		$ 10.63
Exercisable at end of period, Weighted Average Exercise Price (in dollars per share)	10.63		10.63
Weighted-Average Remaining Contractual Term in Years
Outstanding Ending Balance (in years)	1 year 7 months 20 days		1 year 7 months 20 days
Exercisable at end of period, Weighted Average Remaining Contractual Term in Years	1 year 7 months 20 days		1 year 7 months 20 days
Aggregate Intrinsic Value
Outstanding Beginning Balance	$ 1,771,900		$ 1,507,300
Exercised	14,188		26,188
Outstanding Ending Balance	1,314,839		1,314,839
Exercisable at end of period, Aggregate Intrinsic Value	$ 1,314,839		$ 1,314,839
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 3.82		$ 3.82
Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	2.97		3.50
Nonvested Endingg Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	3.83		3.83
Exercisable at end of period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 3.83		$ 3.83
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
Shares
Expected to Vest (in shares)	267,519		267,519
Weighted-Average Exercise Price
Expected to Vest, Weighted Average Exercise Price (in dollars per share)	$ 10.63		$ 10.63
Weighted-Average Remaining Contractual Term in Years
Expected to Vest, Weighted Average Remaining Contractual Term in Years	1 year 7 months 20 days		1 year 7 months 20 days
Aggregate Intrinsic Value
Expected to Vest, Aggregate Intrinsic Value	$ 1,314,839		$ 1,314,839
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 3.83		$ 3.83

Stock-Based Compensation - Nonv

Stock-Based Compensation - Nonvested Restricted Stock Shares Activity (Details) - Restricted Stock - First Financial Northwest, Inc. 2008 Equity Incentive Plan	3 Months Ended	6 Months Ended
	Jun. 30, 2022 $ / shares shares	Jun. 30, 2022 $ / shares shares
Shares
Nonvested Beginning Balance (in shares) | shares	33,270	44,426
Granted (in shares) | shares		34,210
Vested (in shares) | shares		(45,366)
Forfeited (in shares) | shares	(1,998)	(1,998)
Nonvested Ending Balance (in shares) | shares	31,272	31,272
Weighted-Average Grant Date Fair Value
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 16.93	$ 13.78
Granted (in dollars per share) | $ / shares		16.93
Vested (in dollars per share) | $ / shares		13.85
Forfeited (in dollars per share) | $ / shares	16.93	16.93
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 16.93	$ 16.93
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
Shares
Expected to vest assuming a 3% forfeiture rate over the vesting term (in shares) | shares	30,334	30,334
Weighted-Average Grant Date Fair Value
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 16.93	$ 16.93

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning of period	$ (1,889)	$ (515)	$ 174	$ (1,918)
Other comprehensive income (loss) before reclassifications	(2,925)	456	(4,988)	1,859
Net other comprehensive income (loss)	(2,925)	456	(4,988)	1,859
Accumulated other comprehensive income (loss), net of tax, end of period	(4,814)	(59)	(4,814)	(59)
Unrealized Gains and Losses on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning of period	(6,599)	(1,228)	(1,004)	314
Other comprehensive income (loss) before reclassifications	(4,439)	1,202	(10,034)	(340)
Net other comprehensive income (loss)	(4,439)	1,202	(10,034)	(340)
Accumulated other comprehensive income (loss), net of tax, end of period	(11,038)	(26)	(11,038)	(26)
Gains and Losses on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning of period	4,710	713	1,178	(2,232)
Other comprehensive income (loss) before reclassifications	1,514	(746)	5,046	2,199
Net other comprehensive income (loss)	1,514	(746)	5,046	2,199
Accumulated other comprehensive income (loss), net of tax, end of period	$ 6,224	$ (33)	$ 6,224	$ (33)

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 2,808	$ 3,810	$ 6,068	$ 6,307
Less: Earnings allocated to participating securities	9	17	20	28
Earnings allocated to common shareholders	$ 2,799	$ 3,793	$ 6,048	$ 6,279
Basic weighted average common shares outstanding (in shares)	8,982,969	9,434,004	8,985,213	9,461,876
Dilutive stock options (in shares)	96,386	85,131	98,323	76,658
Dilutive restricted stock grants (in shares)	6,558	9,488	16,543	8,250
Diluted weighted average common shares outstanding (in shares)	9,085,913	9,528,623	9,100,079	9,546,784
Basic earnings per share (in dollars per share)	$ 0.31	$ 0.40	$ 0.67	$ 0.66
Diluted earnings per share (in dollars per share)	$ 0.31	$ 0.40	$ 0.66	$ 0.66

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 961	$ 973	$ 1,750	$ 1,737
BOLI income
Disaggregation of Revenue [Line Items]
Revenue	251	246	539	515
Wealth management revenue
Disaggregation of Revenue [Line Items]
Revenue	104	167	187	327
Deposit related fees
Disaggregation of Revenue [Line Items]
Revenue	84	79	157	145
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue	162	148	303	281
Loan related fees
Disaggregation of Revenue [Line Items]
Revenue	354	281	553	413
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 6	$ 52	$ 11	$ 56

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Contract Liability	$ 0
Performance Obligation	$ 0