First Financial Northwest (FFNW) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		9,174,425
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001401564
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash on hand and in banks	$ 8,789	$ 8,391
Interest-earning deposits with banks	40,272	22,138
Investments available-for-sale, at fair value	180,376	207,915
Investments held-to-maturity, at amortized cost	2,451	2,456
Loans receivable, net of allowance of $14,996, and $15,306	1,142,909	1,175,925
Federal Home Loan Bank ("FHLB") stock, at cost	6,078	6,527
Accrued interest receivable	7,176	7,359
Deferred tax assets, net	2,399	2,648
Premises and equipment, net	19,323	19,667
Bank owned life insurance ("BOLI"), net	38,058	37,653
Prepaid expenses and other assets	16,827	10,478
Right of use (“ROU”) asset, net	2,415	2,617
Goodwill	889	889
Core deposit intangible, net	388	419
Total assets	1,468,350	1,505,082
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	100,846	100,899
Interest-bearing deposits	1,066,050	1,093,208
Total deposits	1,166,896	1,194,107
FHLB advances	115,000	125,000
Advance payments from borrowers for taxes and insurance	5,649	2,952
Lease liability, net	2,598	2,806
Accrued interest payable	1,134	2,739
Other liabilities	16,890	15,818
Total liabilities	1,308,167	1,343,422
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 9,174,425 shares at March 31, 2024, and 9,179,510 shares at December 31, 2023	92	92
Additional paid-in capital	72,871	73,035
Retained earnings	93,938	96,206
Accumulated other comprehensive loss, net of tax	(6,718)	(7,673)
Total stockholders' equity	160,183	161,660
Total liabilities and stockholders' equity	$ 1,468,350	$ 1,505,082

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Loans receivable, allowance	$ 14,996	$ 15,306
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 par value per share (in usd per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	90,000,000	90,000,000
Common stock shares issued (in shares)	9,174,425	9,179,510
Common stock shares outstanding (in shares)	9,174,425	9,179,510

Consolidated Income Statements

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans, including fees	$ 16,966	$ 16,029
Investment securities	2,064	2,105
Interest-earning deposits with banks	486	236
Dividends on FHLB stock	127	130
Total interest income	19,643	18,500
Interest expense
Deposits	9,916	6,332
FHLB advances and other borrowings	827	912
Total interest expense	10,743	7,244
Net interest income	8,900	11,256
(Recapture of provision) provision for credit losses	(175)	338
Net interest income after (recapture of provision) provision for credit losses	9,075	10,918
Noninterest income
BOLI income	351	308
Wealth management revenue, net	95	45
Deposit related fees	221	223
Loan related fees	58	91
Other income (expense), net	62	(2)
Total noninterest income	787	665
Noninterest expense
Salaries and employee benefits	6,763	5,461
Occupancy and equipment	1,226	1,165
Professional fees	1,300	417
Data processing	786	686
Regulatory assessments	166	101
Insurance and bond premiums	132	130
Marketing	64	77
Other general and administrative	894	918
Total noninterest expense	11,331	8,955
(Loss) income before federal income tax (benefit) provision	(1,469)	2,628
Federal income tax (benefit) provision	(393)	506
Net (loss) income	$ (1,076)	$ 2,122
Earnings per common share
Basic earnings per share (in dollars per share)	$ (0.12)	$ 0.23
Diluted earnings per share (in dollars per share)	$ (0.12)	$ 0.23
Weighted average number of common shares outstanding
Basic shares outstanding (in shares)	9,159,339	9,104,371
Diluted shares outstanding (in shares)	9,159,339	9,173,276

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (1,076)	$ 2,122
Other comprehensive gain (loss), before tax:
Unrealized holding gains (losses) on investments available-for-sale	398	(64)
Tax effect	(84)	13
Gains (losses) on cash flow hedges	811	(1,549)
Tax effect	(170)	325
Other comprehensive gain (loss), net of tax	955	(1,275)
Total comprehensive (loss) income	$ (121)	$ 847

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss, net of tax
Balances at beginning of period (in shares) at Dec. 31, 2022	9,127,595
Balances at beginning of period at Dec. 31, 2022	$ 160,360		$ 91	$ 72,424	$ 95,059		$ (7,214)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	2,122				2,122
Other comprehensive income (loss), net of tax	$ (1,275)						(1,275)
Issuance of common stock - restricted stock awards, net (in shares)	27,618
Issuance of common stock - restricted stock awards, net	$ 1		1
Compensation related to stock options and restricted stock awards	$ 128			128
Canceled common stock - restricted stock awards (in shares)	(7,127)
Canceled common stock - restricted stock awards	$ (107)			(107)
Cash dividend declared and paid	$ (1,189)				(1,189)
Balances at end of period (in shares) at Mar. 31, 2023	9,148,086
Balances at end of period at Mar. 31, 2023	$ 159,645	$ (395)	92	72,445	95,597	$ (395)	(8,489)
Balances at beginning of period (in shares) at Dec. 31, 2023	9,179,510
Balances at beginning of period at Dec. 31, 2023	$ 161,660	$ 0	92	73,035	96,206		(7,673)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(1,076)				(1,076)
Other comprehensive income (loss), net of tax	$ 955						955
Issuance of common stock - restricted stock awards, net (in shares)	7,673
Issuance of common stock - restricted stock awards, net	$ 0		0
Compensation related to stock options and restricted stock awards	$ 102			102
Canceled common stock - restricted stock awards (in shares)	(12,758)
Canceled common stock - restricted stock awards	$ (266)			(266)
Cash dividend declared and paid	$ (1,192)				(1,192)
Balances at end of period (in shares) at Mar. 31, 2024	9,174,425
Balances at end of period at Mar. 31, 2024	$ 160,183		$ 92	$ 72,871	$ 93,938		$ (6,718)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends (usd per share)	$ 0.13	$ 0.13

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (1,076)	$ 2,122
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
(Recapture of provision) provision for credit losses	(175)	338
Net amortization of premiums and discounts on investments	140	127
Depreciation of premises and equipment	499	514
Loss on disposal of premises and equipment	0	1
Deferred federal income taxes	(5)	50
Stock compensation expense	102	128
BOLI income	(351)	(308)
Annuity income	(3)	(3)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(5,507)	(374)
ROU Asset	202	189
Advance payments from borrowers for taxes and insurance	2,697	2,396
Accrued interest receivable	183	(498)
Lease liability	(208)	(188)
Accrued interest payable	(1,605)	421
Other liabilities	1,080	(2,785)
Net cash (used) provided by operating activities	(4,027)	2,130
Cash flows from investing activities:
Proceeds from maturities of investments available-for-sale	25,000	0
Principal repayments on investments available-for-sale	2,797	2,639
Net decrease (increase) in loans receivable	33,191	(18,467)
Redemption (purchase) of FHLB stock	449	(691)
Purchase of premises and equipment	(155)	(55)
Purchase of BOLI	(54)	(53)
Net cash provided (used) by investing activities	61,228	(16,627)
Cash flows from financing activities:
Net (decrease) increase in deposits	(27,211)	57,088
Advances from the FHLB	20,000	111,000
Repayments of advances from the FHLB	(30,000)	(96,000)
Net share settlement of stock awards	(266)	(106)
Dividends paid	(1,192)	(1,189)
Net cash (used) provided by financing activities	(38,669)	70,793
Cash and cash equivalents:
Net decrease in cash and cash equivalents	18,532	56,296
Cash and cash equivalents at beginning of period	30,529	24,320
Cash and cash equivalents at end of period	49,061	80,616
Cash paid during the period for:
Interest paid	12,348	6,823
Noncash items:
Change in unrealized gain (loss) on investments available-for-sale	398	(64)
Change in unrealized gain (loss) on cash flow hedges	811	(1,549)
Initial recognition of ROU asset	0	108
Initial recognition of lease liability	0	108
Stockholders' equity	$ (160,183)	(159,645)
Cumulative Effect, Period of Adoption, Adjustment
Noncash items:
Stockholders' equity		$ 395

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2024
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 the Bank. Accordingly, the information presented in the consolidated financial statements and accompanying data, relates primarily to the 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 (“FRB”). The Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Washington State Department of Financial Institutions (“DFI”). At March 31, 2024, the Bank operated in 15 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. On January 10, 2024, Global Federal Credit Union (“Global”), First Financial Northwest and the Bank entered into a Purchase and Assumption (“P&A”) Agreement, pursuant to which Global will acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of the Bank, which we refer to herein as the asset sale, in exchange for $231.2 million in cash, subject to possible downward adjustments. The asset sale is the first integral step in the sale transaction contemplated by the P&A Agreement, which consists of: (1) the asset sale, (2) the voluntary liquidation of the Bank and distribution of the Bank’s remaining assets, which will include the cash consideration paid by Global to the Bank in the asset sale, to First Financial Northwest, and (3) the winding up and voluntary dissolution of First Financial Northwest and the distribution of its remaining assets, including the remaining net cash proceeds from the asset sale, to its shareholders. Consummation of the asset sale and related transactions is subject to certain conditions, including, among others, approval of the P&A Agreement and the related transactions by First Financial Northwest’s shareholders, the receipt of all required regulatory approvals and expiration of applicable waiting periods, accuracy of specified representations and warranties of each party, the performance in all material respects by each party of its obligations under the P&A Agreement, and the absence of any injunctions or other legal restraints. The P&A Agreement provides certain termination rights for both Global and the Bank, and further provides that upon termination of the P&A Agreement under certain circumstances, the Bank will be obligated to pay Global a termination fee of $9.4 million. Additional information regarding the asset sale, including the P&A Agreement, can be found in the Current Report on Form 8-K filed by First Financial Northwest with the U.S. Securities and Exchange Commission (“SEC”) on January 11, 2024. As used throughout this report, the terms “we,” “our,” “us,” or the “Company” refer to First Financial Northwest, Inc. and its consolidated subsidiary First Financial Northwest Bank, unless the context otherwise requires.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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 SEC. Accordingly, they do not include all 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, 2023, as filed with the SEC (“2023 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 three months ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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 include the allowance for credit losses (“ACL”). The Company’s activities are considered 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	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recent Accounting Pronouncements On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). The ASU focuses on income tax disclosures around effective tax rates and cash income taxes paid. ASU 2023-09 requires public business entities to disclose, on an annual basis, a rate reconciliation presented in both dollars and percentages in a tabular format. The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the U.S. statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 also identifies specific categories that would require disclosure, including the following: • State and local income tax, net of federal (national) income tax effect; • Foreign tax effects; • Effect of changes in tax laws or rates enacted in the current period; • Effect of cross-border tax laws; • Enactment of new tax laws; • Nontaxable or nondeductible items; • Tax credits; • Changes in valuation allowances; and • Changes in unrecognized tax benefits. ASU 2023-09 makes changes to annual disclosures of income taxes paid for all entities. ASU 2023-09 requires entities to disclose the amount of income taxes paid, net of refunds received, disaggregated by federal, state and foreign jurisdiction. Additionally, entities are required to disclose income taxes paid, net of refunds received, for individual jurisdictions that comprise 5% or more of total income taxes paid. The 5% threshold is evaluated using the absolute value of the net refund or net payment in each jurisdiction compared to the absolute value of the total income taxes paid (net of refunds received). ASU 2023-09 requires all entities to disclose disaggregated domestic and foreign pre-tax income (or loss) from continuing operations along with disaggregated income tax expense (or benefit) by federal, state and foreign components. Such disaggregation by jurisdiction should classify taxes by jurisdiction based on the jurisdiction imposing the taxes. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. The Company expects this ASU to only impact its disclosure requirements and does not expect the adoption of this ASU to have a material impact on its business operations or financial condition.

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments [Abstract]
Investments	Investments Investments available-for-sale are summarized as follows at the dates indicated: March 31, 2024 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,507 $ — $ (1,743) $ 9,764 Freddie Mac 12,887 — (1,887) 11,000 Ginnie Mae 27,755 159 (1,412) 26,502 Other 29,689 4 (1,191) 28,502 Municipal bonds 36,471 17 (4,978) 31,510 U.S. Government agencies 44,478 4 (763) 43,719 Corporate bonds 33,000 — (3,621) 29,379 Total $ 195,787 $ 184 $ (15,595) $ 180,376 December 31, 2023 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,562 $ — $ (1,684) $ 9,878 Freddie Mac 12,934 — (1,755) 11,179 Ginnie Mae 28,096 — (1,516) 26,580 Other 30,559 — (1,366) 29,193 Municipal bonds 36,571 42 (4,764) 31,849 U.S. Government agencies 71,003 5 (1,051) 69,957 Corporate bonds 33,000 — (3,721) 29,279 Total $ 223,725 $ 47 $ (15,857) $ 207,915 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 March 31, 2024 and December 31, 2023. There were $2.5 million of investments classified as held-to-maturity at both March 31, 2024 and December 31, 2023. 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 (“SERP”) agreements. These annuities, along with an associated insurance policy and rider, provide for payments in retirement for the life of the executive. The rider that provides the long term guarantee for the SERP has no cash value and is not transferable to another annuitant. The cash value of the annuity is representative of the liquidation value of the contract. Hence, the amortized cost of these held-to-maturity investments is their fair value. 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: March 31, 2024 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 $ — $ — $ 9,764 $ (1,743) $ 9,764 $ (1,743) Freddie Mac — — 11,000 (1,887) 11,000 (1,887) Ginnie Mae — — 14,695 (1,412) 14,695 (1,412) Other 854 (10) 25,385 (1,181) 26,239 (1,191) Municipal bonds 640 (6) 29,091 (4,972) 29,731 (4,978) U.S. Government agencies 1,396 (3) 40,135 (760) 41,531 (763) Corporate bonds 5,843 (157) 23,536 (3,464) 29,379 (3,621) Total $ 8,733 $ (176) $ 153,606 $ (15,419) $ 162,339 $ (15,595) December 31, 2023 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 $ — $ — $ 9,878 $ (1,684) $ 9,878 $ (1,684) Freddie Mac 671 (57) 10,508 (1,698) 11,179 (1,755) Ginnie Mae 11,601 (70) 14,979 (1,446) 26,580 (1,516) Other — — 28,330 (1,366) 28,330 (1,366) Municipal bonds 2,477 (16) 26,916 (4,748) 29,393 (4,764) U.S. Government agencies — — 67,440 (1,051) 67,440 (1,051) Corporate bonds 5,966 (34) 23,313 (3,687) 29,279 (3,721) Total $ 20,715 $ (177) $ 181,364 $ (15,680) $ 202,079 $ (15,857) On a quarterly basis, management evaluates available-for-sale (“AFS”) debt securities that are in an unrealized loss position to determine if an allowance for credit losses is required. If it is determined that a credit loss exists and an allowance is required, the credit loss on a debt security is measured as the difference between the amortized cost and the present value of the cash flows expected to be collected, limited by the amount that the fair value is less than the amortized cost. For debt securities in an unrealized loss position that the Company does not intend to sell and it is not likely that it will be required to sell but does not expect to recover the entire security’s amortized cost basis, only the portion of the unrealized loss representing a credit loss would be recognized in earnings. 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 unrealized loss would be recognized through earnings. The Company considers many factors including the severity and duration of the impairment, economic circumstances, recent events specific to the issuer or industry, and for debt securities, external credit ratings and recent rating updates. Projected cash flows are discounted by the original or current effective interest rate depending on the nature of the debt security being measured for a potential credit loss. The remaining unrealized loss related to all other factors is recognized as a charge to other comprehensive income (“OCI”). The Company had 114 securities and 123 securities in an unrealized loss position, with 110 and 113 of these securities in an unrealized loss position for 12 months or more, at March 31, 2024, and December 31, 2023, respectively. Management does not believe that the unrealized losses at March 31, 2024 and December 31, 2023 were related to credit losses. The declines in fair market value of these securities were mainly attributed to changes in market interest rates, credit spreads, market volatility and liquidity conditions. Currently, the Company does not intend to sell, and it is not more likely than not that the Company will be required to sell the positions before their recovery of the amortized cost basis, which may be at maturity. As such, no allowance for credit losses was recorded with respect to AFS securities for the three months ended March 31, 2024. The amortized cost and estimated fair value of investments available-for-sale at March 31, 2024, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately. March 31, 2024 Amortized Cost Fair Value (In thousands) Due within one year $ 14,959 $ 14,906 Due after one year through five years 11,049 10,705 Due after five years through ten years 33,403 29,477 Due after ten years 54,538 49,520 113,949 104,608 Mortgage-backed investments 81,838 75,768 Total $ 195,787 $ 180,376 Maturities of investments held-to-maturity (annuities) were established at the time the initial contract was signed. They mature (terminate) upon the earlier of the death of the executives or depletion of the related annuity. 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 $26.2 million and $26.5 million were pledged as collateral for public deposits at March 31, 2024 and December 31, 2023, respectively, both of which exceeded the collateral requirements established by the Washington Public Deposit Protection Commission.

Loans Receivable and Allowance

Loans Receivable and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans Receivable and Allowance for Credit Losses	Loans Receivable and Allowance for Credit Losses Loans receivable are summarized as follows at the dates indicated: March 31, 2024 December 31, 2023 (In thousands) One-to-four family residential: Permanent owner occupied $ 283,398 $ 284,471 Permanent non-owner occupied 223,302 228,752 506,700 513,223 Multifamily 134,386 138,149 Commercial real estate 367,374 377,859 Construction/land: One-to-four family residential 43,411 47,149 Multifamily 5,266 4,004 Land 8,330 9,771 57,007 60,924 Business 20,424 29,081 Consumer 72,014 71,995 Total loans receivable, gross 1,157,905 1,191,231 Less: ACL for loans 14,996 15,306 Total loans receivable, net $ 1,142,909 $ 1,175,925 At March 31, 2024, loans totaling $642.4 million were pledged to secure borrowings from the FHLB compared to $636.9 million at December 31, 2023. In addition, loans totaling $75.8 million and $76.1 million were pledged to the FRB to secure a line of credit at March 31, 2024 and December 31, 2023, 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 identify 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 Company. 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. Management considers the guidance in FASB Accounting Standards Codification (“ASC”) 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. As of March 31, 2024 and December 31, 2023, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at March 31, 2024 and December 31, 2023 by type and risk category: March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) One-to-four family residential Pass $ 4,973 $ 84,319 $ 140,053 $ 93,072 $ 59,345 $ 123,847 $ 505,609 Watch — — — — — 681 681 Special mention — — — — — 410 410 Substandard — — — — — — — Total one-to-four family residential $ 4,973 $ 84,319 $ 140,053 $ 93,072 $ 59,345 $ 124,938 $ 506,700 Current year-to-date (“YTD”) gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 48 $ 3,321 $ 7,963 $ 19,959 $ 43,025 $ 49,883 $ 124,199 Watch — — — — — 8,607 8,607 Substandard — — — — — 1,580 1,580 Total multifamily $ 48 $ 3,321 $ 7,963 $ 19,959 $ 43,025 $ 60,070 $ 134,386 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 496 $ 19,954 $ 34,860 $ 75,181 $ 77,705 $ 107,784 $ 315,980 Watch — — — 4,081 — 12,678 16,759 Special mention — — — — — — — Substandard — — — — 526 34,109 34,635 Total commercial real estate $ 496 $ 19,954 $ 34,860 $ 79,262 $ 78,231 $ 154,571 $ 367,374 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) Construction/land Pass $ 6,326 $ 22,882 $ 15,878 $ 11,921 $ — $ — $ 57,007 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 6,326 $ 22,882 $ 15,878 $ 11,921 $ — $ — $ 57,007 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 46 $ 1,654 $ 5,621 $ 416 $ 1,158 $ 11,529 $ 20,424 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 46 $ 1,654 $ 5,621 $ 416 $ 1,158 $ 11,529 $ 20,424 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 3,539 $ 22,771 $ 22,556 $ 9,517 $ 5,378 $ 7,978 $ 71,739 Watch — — 27 — — — 27 Special mention — 47 — — — — 47 Substandard — — — 201 — — 201 Total consumer $ 3,539 $ 22,818 $ 22,583 $ 9,718 $ 5,378 $ 7,978 $ 72,014 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 Total loans receivable, gross Pass $ 15,428 $ 154,901 $ 226,931 $ 210,066 $ 186,611 $ 301,021 $ 1,094,958 Watch — — 27 4,081 — 21,966 26,074 Special mention — 47 — — — 410 457 Substandard — — — 201 526 35,689 36,416 Total loans $ 15,428 $ 154,948 $ 226,958 $ 214,348 $ 187,137 $ 359,086 $ 1,157,905 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 December 31, 2023 Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Total Loans (In thousands) One-to-four family residential Pass $ 86,208 $ 142,563 $ 94,582 $ 61,946 $ 31,806 $ 95,012 $ 512,117 Watch — — — — — 683 683 Special mention — — — — — 130 130 Substandard — — — — — 293 293 Total one-to-four family residential $ 86,208 $ 142,563 $ 94,582 $ 61,946 $ 31,806 $ 96,118 $ 513,223 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 3,329 $ 8,332 $ 22,787 $ 43,259 $ 25,988 $ 30,561 $ 134,256 Watch — — — — — 2,303 2,303 Special mention — — — — — — — Substandard — — — — — 1,590 1,590 Total multifamily $ 3,329 $ 8,332 $ 22,787 $ 43,259 $ 25,988 $ 34,454 $ 138,149 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 20,026 $ 35,054 $ 73,727 $ 78,204 $ 8,337 $ 98,316 $ 313,664 Watch — — 4,108 — 12,745 3,322 20,175 Special mention — — — — — — — Substandard — — — 526 1,295 42,199 44,020 Total commercial real estate $ 20,026 $ 35,054 $ 77,835 $ 78,730 $ 22,377 $ 143,837 $ 377,859 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Construction/land Pass $ 14,797 $ 26,286 $ 19,841 $ — $ — $ — $ 60,924 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 14,797 $ 26,286 $ 19,841 $ — $ — $ — $ 60,924 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 1,480 $ 6,358 $ 388 $ 1,272 $ 1,486 $ 18,097 $ 29,081 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 1,480 $ 6,358 $ 388 $ 1,272 $ 1,486 $ 18,097 $ 29,081 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) December 31, 2023 Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Total Loans (In thousands) Consumer Pass $ 23,937 $ 23,921 $ 10,190 $ 5,523 $ 5,260 $ 2,917 $ 71,748 Watch — 27 — — — — 27 Special mention — — — — — — — Substandard — 19 201 — — — 220 Total consumer $ 23,937 $ 23,967 $ 10,391 $ 5,523 $ 5,260 $ 2,917 $ 71,995 Current YTD gross charge-offs $ — $ — $ — $ — $ 22 $ — $ 22 Total loans receivable, gross Pass $ 149,777 $ 242,514 $ 221,515 $ 190,204 $ 72,877 $ 244,903 $ 1,121,790 Watch — 27 4,108 — 12,745 6,308 23,188 Special mention — — — — — 130 130 Substandard — 19 201 526 1,295 44,082 46,123 Total loans $ 149,777 $ 242,560 $ 225,824 $ 190,730 $ 86,917 $ 295,423 $ 1,191,231 Current YTD gross charge-offs $ — $ — $ — $ — $ 22 $ — $ 22 ACL . ACL is a valuation account that is deducted from the loans amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the non-collectability of a loan balance is confirmed. Expected recoveries may not exceed the aggregate amounts previously charged-off and expected to be charged-off. The ACL, as reported in our consolidated balance sheets, is adjusted by a provision or recapture of provision for credit losses, which is reported in earnings, and reduced by the charge-offs of loan amounts, net of recoveries. 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 Company 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 allowance is subject to review by bank regulators, who can require the establishment of additional allowances for credit losses. At March 31, 2024 and 2023, $395,000 and $473,000 of loans originated under the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”), respectively, were excluded from the ACL calculation because of the government guarantee on repayment. Activity in the ACL for loans and the allowance for unfunded commitments was as follows: Three Months Ended March 31, 2024 ACL - loans: Beginning balance $ 15,306 Charge-offs (10) Recoveries — Recapture of provision for credit losses (300) Ending balance $ 14,996 Allowance for unfunded commitments: Beginning balance $ 439 Provision for credit losses 125 Ending balance $ 564 Recapture of provision for credit losses Loans $ (300) Unfunded commitments 125 Total $ (175) The following tables detail activity in the ACL on loans at or for the three months ended March 31, 2024 and March 31, 2023, by loan category: At or For the Three Months Ended March 31, 2024 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,747 $ 1,509 $ 3,895 $ 1,856 $ 387 $ 1,912 $ 15,306 Charge-offs — — — — — (10) (10) (Recapture of provision) provision (129) 22 (79) (2) (114) 2 (300) Ending balance $ 5,618 $ 1,531 $ 3,816 $ 1,854 $ 273 $ 1,904 $ 14,996 At or For the Three Months Ended March 31, 2023 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 4,043 $ 1,210 $ 5,397 $ 1,717 $ 948 $ 1,912 $ 15,227 Adjustment for adoption of Topic 326 1,520 83 (970) 408 (510) (31) 500 Recoveries 1 — — — — — 1 Provision (recapture of provision) 47 314 69 (332) (25) 227 300 Ending balance $ 5,611 $ 1,607 $ 4,496 $ 1,793 $ 413 $ 2,108 $ 16,028 Past Due Loans. Loans are considered past due if a scheduled principal or interest payment is due and unpaid for 30 days or more. At March 31, 2024, loans past due were $1.1 million, representing 0.09% of total loans receivable. In comparison, past due loans totaled $1.4 million, representing 0.12% of total loans receivable at December 31, 2023. The following tables present a summary of the aging of loans by type at the dates indicated: Loans Past Due as of March 31, 2024 30-59 Days 60-89 Days 90 Days Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 37 $ — $ — $ 37 $ 283,361 $ 283,398 Non-owner occupied — — 23 23 223,279 223,302 Multifamily — — — — 134,386 134,386 Commercial real estate — — — — 367,374 367,374 Construction/land — — — — 57,007 57,007 Total real estate 37 — 23 60 1,065,407 1,065,467 Business — — — — 20,424 20,424 Consumer 759 8 225 992 71,022 72,014 Total loans $ 796 $ 8 $ 248 $ 1,052 $ 1,156,853 $ 1,157,905 ________________ (1) Includes two loans totaling $47,000 that are 90 days or more past due and still accruing interest. Loans Past Due as of December 31, 2023 30-59 Days 60-89 Days 90 Days Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ 378 $ 293 $ 671 $ 283,800 $ 284,471 Non-owner occupied — — 24 24 228,728 228,752 Multifamily — — — — 138,149 138,149 Commercial real estate — — — — 377,859 377,859 Construction/land — — — — 60,924 60,924 Total real estate — 378 317 695 1,089,460 1,090,155 Business — — — — 29,081 29,081 Consumer 453 9 220 682 71,313 71,995 Total loans $ 453 $ 387 $ 537 $ 1,377 $ 1,189,854 $ 1,191,231 _________________ (1) Includes two loans totaling $317,000 that are 90 days or more past due and still accruing interest. Nonaccrual Loans. When a loan becomes 90 days past due, the Company 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. Nonaccrual loans were $201,000 at March 31, 2024 and $220,000 at December 31, 2023 . The following tables present a summary of loans individually evaluated for credit losses at March 31, 2024 and December 31, 2023, by type of loan: March 31, 2024 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: Multifamily $ 1,580 $ 1,581 $ — Commercial real estate 34,635 34,709 — Total $ 36,215 $ 36,290 $ — ________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2023 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 293 $ 295 $ — Multifamily 1,590 1,591 — Commercial real estate 44,021 44,121 — Total 45,904 46,007 — Loans with an allowance: Consumer 19 18 11 Total 19 18 11 Total individually evaluated loans: One-to-four family residential: Owner occupied 293 295 — Multifamily 1,590 1,591 — Commercial real estate 44,021 44,121 — Consumer 19 18 11 Total $ 45,923 $ 46,025 $ 11 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. The following table presents the amortized cost basis of loans on nonaccrual status and loans 90 days or more past due and still accruing as of March 31, 2024: March 31, 2024 Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual 90 Days or More Past Due and Still Accruing (In thousands) Consumer Loans $ — $ 201 $ 201 $ 47 Total $ — $ 201 $ 201 $ 47 Loan Modifications to Borrowers Experiencing Financial Difficulty.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets Included	3 Months Ended
	Mar. 31, 2024
Other Real Estate [Abstract]
Other Assets Disclosure	Prepaid Expenses and Other Assets Included in “Prepaid expenses and other assets” on the Company’s Consolidated Balance Sheets is an investment that the Company has in a Fintech Focused Fund (the “Fund”) that is designed to help accelerate technology adoption at banks. This equity investment is held at fair value, as reported by the Fund and was $564,000 at March 31, 2024. During the three months ended March 31, 2024, we made no contribution to the Fund and recognized gains of $51,000. During the three months ended March 31, 2023, we contributed $100,000 to the Fund and recognized losses of $10,000. The Company has committed up to $1.0 million in capital for the Fund; however, the Company is not obligated to fund these commitments prior to a capital call. Five capital calls totaling $470,000 have been made since the Company’s investment in the Fund.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value The Company measures the fair value of financial instruments for reporting in accordance with 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. • Loans individually evaluated: The fair value of individually evaluated loans is based on an analysis utilizing expected cash flows discounted using the original effective interest rate, the observable market price of the loan, or the fair value of the collateral, less selling costs, for collateral-dependent loans as appropriate. • 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 judgement 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 March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 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 $ 9,764 $ — $ 9,764 $ — Freddie Mac 11,000 — 11,000 — Ginnie Mae 26,502 — 26,502 — Other 28,502 — 28,502 — Municipal bonds 31,510 — 31,510 — U.S. Government agencies 43,719 14,905 28,814 — Corporate bonds 29,379 — 29,379 — Total available-for-sale investments 180,376 14,905 165,471 — Derivative fair value asset 8,376 — 8,376 — Total $ 188,752 $ 14,905 $ 173,847 $ — Fair Value Measurements at December 31, 2023 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 $ 9,878 $ — $ 9,878 $ — Freddie Mac 11,179 — 11,179 — Ginnie Mae 26,580 — 26,580 — Other 29,193 — 29,193 — Municipal bonds 31,849 — 31,849 — U.S. Government agencies 69,957 39,603 30,354 — Corporate bonds 29,279 — 29,279 — Total available-for-sale investments 207,915 39,603 168,312 — Derivative fair value asset 7,565 — 7,565 — Total $ 215,480 $ 39,603 $ 175,877 $ — The estimated fair value of Level 2 investments is based on quoted prices for similar investments in active markets, identical or similar investments in markets that are not active and model-derived valuations whose inputs are observable. The tables below present the balances of assets measured at fair value on a nonrecurring basis at March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 36,215 $ — $ — $ 36,215 Total $ 36,215 $ — $ — $ 36,215 Fair Value Measurements at December 31, 2023 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 45,912 $ — $ — $ 45,912 Total $ 45,912 $ — $ — $ 45,912 The fair value of collateral dependent (individually evaluated) 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 March 31, 2024 and December 31, 2023: March 31, 2024 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 36,215 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 15.8% (0.04%) December 31, 2023 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 45,912 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 14.26% (0.04%) The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: March 31, 2024 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 $ 8,789 $ 8,789 $ 8,789 $ — $ — Interest-earning deposits with banks 40,272 40,272 40,272 — — Investments available-for-sale 180,376 180,376 14,905 165,471 — Investments held-to-maturity 2,451 2,451 — 2,451 — Loans receivable, net 1,142,909 1,082,690 — — 1,082,690 FHLB stock 6,078 6,078 — 6,078 — Accrued interest receivable 7,176 7,176 — 7,176 — Derivative fair value asset 8,376 8,376 — 8,376 — Financial Liabilities: Deposits 714,243 714,243 714,243 — — Certificates of deposit, retail 366,507 362,521 — 362,521 — Brokered deposits 86,146 86,198 — 86,198 — Advances from the FHLB 115,000 114,996 — 114,996 — Accrued interest payable 1,134 1,134 — 1,134 — December 31, 2023 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 $ 8,391 $ 8,391 $ 8,391 $ — $ — Interest-earning deposits with banks 22,138 22,138 22,138 — — Investments available-for-sale 207,915 207,915 39,603 168,312 — Investments held-to-maturity 2,456 2,456 — 2,456 — Loans receivable, net 1,175,925 1,113,642 — — 1,113,642 FHLB stock 6,527 6,527 — 6,527 — Accrued interest receivable 7,359 7,359 — 7,359 — Derivative fair value asset 7,565 7,565 — 7,565 — Financial Liabilities: Deposits 706,162 706,162 706,162 — — Certificates of deposit, retail 357,154 353,881 — 353,881 — Brokered deposits 130,791 130,977 — 130,977 — Advances from the FHLB 125,000 124,976 — 124,976 — Accrued interest payable 2,739 2,739 — 2,739 —

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	Leases The Company follows ASC Topic 842, Leases , recognizing ROU assets and related lease liabilities on the Company’s Consolidated Balance Sheets. At March 31, 2024, the Company had 13 operating leases for retail branch locations. The remaining lease terms range from two months to 6.8 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 March 31, 2024, the Company was committed to paying $75,000 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 asset 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 dates indicated: At or For the Three Months Ended March 31, 2024 March 31, 2023 (Dollars in thousands) Lease expense, quarter-to-date $ 283 $ 284 Lease expense, year-to-date 283 284 ROU asset 2,415 3,194 Lease liability 2,598 3,374 Weighted average remaining term 4.7 years 5.2 years Weighted average discount rate 2.24 % 2.23 % The following table provides a reconciliation between the undiscounted minimum lease payments at March 31, 2024 and the discounted lease liability at that date: March 31, 2024 (In thousands) Due through one year $ 810 Due after one year through two years 626 Due after two years through three years 318 Due after three years through four years 305 Due after four years through five years 311 Due after five years 353 Total minimum lease payments 2,723 Less: present value discount 125 Lease liability $ 2,598

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024, the hedged cash flows had a total notional amount of $115.0 million and consisted of rolling one-month or three-month FHLB advances that renew at the fixed interest rate at each renewal date. These hedging instruments have two 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 SOFR-based interest received from the counterparty. At March 31, 2024, a $8.4 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 $6.6 million was included in accumulated other comprehensive income on the Company’s Consolidated Balance Sheets. There were no amounts recorded on the Consolidated Income Statements for the three months ended March 31, 2024 or 2023, 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 March 31, 2024 and December 31, 2023: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets $ 8,376 $ 7,565 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 (In thousands) Interest rate swaps on FHLB debt $ 641 $ (1,224)

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
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, non-qualified stock options, 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. As a result of the approval of the 2016 Plan, the First Financial Northwest, Inc. 2008 Equity Incentive Plan (“2008 Plan”) was frozen with no additional awards being made under the 2008 Plan. Restricted stock awards and stock options that were granted under the 2008 Plan are fully vested and unexercised options remain exercisable, subject to the provision of the 2008 Plan and the respective award agreements. At March 31, 2024, there were 833,252 total shares available for grant under the 2016 Plan, including 136,626 shares available to be granted as restricted stock. Under the 2016 Plan, the vesting date for each option award or restricted stock award is determined by an award committee and specified in the award agreement. In the case of restricted stock awards granted in lieu of cash payments of directors’ fees, the grant date is used as the vesting date unless the award agreement provides otherwise. For the three months ended March 31, 2024 and 2023, total compensation expense for awards granted under the 2016 Plan was $102,000 and $128,000, respectively, and the related income tax benefit was $21,000 and $27,000, respectively. Stock Options Under the 2008 Plan, stock option awards were granted with an exercise price equal to the market price of First Financial Northwest’s common stock at the grant date. These option awards have a vesting period of five 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. At March 31, 2024, there were 122,500 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. There were no stock options granted under the plan for the three months ended March 31, 2024. 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. The Company’s stock option plan awards and activity for the three months ended March 31, 2024 are summarized as follows: For the Three Months Ended March 31, 2024 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, 2024 162,500 $ 11.65 $ 296,775 $ 3.98 Exercised — — — — Outstanding at March 31, 2024 162,500 11.65 2.90 1,447,225 3.98 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 161,300 11.65 2.85 1,437,025 3.99 Exercisable at March 31, 2024 122,500 11.52 0.80 1,107,225 4.30 As of March 31, 2024, there was $96,582 of total unrecognized compensation cost related to nonvested stock options. The cost is expected to be recognized over the remaining weighted-average vesting period of 3.3 years. There were no stock options granted during the three months ended March 31, 2024. 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. Changes in nonvested restricted stock awards for the three months ended March 31, 2024, are summarized as follows: For the Three Months Ended March 31, 2024 Shares Weighted-Average Nonvested at January 1, 2024 27,618 $ 14.92 Granted 7,673 20.68 Vested (27,618) 14.92 Nonvested at March 31, 2024 7,673 20.68 Expected to vest assuming a 3% forfeiture rate over the vesting term 7,443 20.68

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The table below presents the changes in accumulated other comprehensive (loss) income, net of tax, for the three months ended March 31, 2024 and 2023. Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Cash Flow Hedges Total (In thousands) Balance December 31, 2023 $ (13,649) $ 5,976 $ (7,673) Other comprehensive gain before reclassifications 314 641 955 Net other comprehensive gain 314 641 955 Balance March 31, 2024 $ (13,335) $ 6,617 $ (6,718) Balance December 31, 2022 $ (15,497) $ 8,283 $ (7,214) Other comprehensive loss before reclassifications (51) (1,224) (1,275) Net other comprehensive loss (51) (1,224) (1,275) Balance March 31, 2023 $ (15,548) $ 7,059 $ (8,489)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
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 share is computed by dividing net earnings available to common shareholders by the weighted-average number of common shares outstanding during the period, excluding participating nonvested restricted shares. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended March 31, 2024 2023 (Dollars in thousands, except per share data) Net (loss) income $ (1,076) $ 2,122 Less: Earnings allocated to participating securities 1 (6) (Loss) earnings allocated to common shareholders $ (1,075) $ 2,116 Basic weighted average common shares outstanding 9,159,339 9,104,371 Dilutive stock options — 51,350 Dilutive restricted stock grants — 17,555 Diluted weighted average common shares outstanding 9,159,339 9,173,276 Basic (loss) earnings per share $ (0.12) $ 0.23 Diluted (loss) earnings per share $ (0.12) $ 0.23

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition In accordance with ASU 2014-09, Revenue from Contracts with Customers 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 months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 2023 (In thousands) BOLI change in cash surrender value (1) $ 351 $ 308 Wealth management revenue 95 45 Deposit related fees 78 72 Debit card and ATM fees 143 151 Loan related fees 58 91 Other 62 (2) Total noninterest income $ 787 $ 665 _______________ (1) Not within scope of Topic 606 For both the three months ended March 31, 2024 and 2023, 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 Company when the performance obligation has been completed by both entities. Deposit related fees: Fees are earned on deposit accounts for various products or services performed for the Company’s 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 Company is used or when another financial institution’s customer uses the Company’s 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 loans for servicing or annual fees earned 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. Also included is income relating to our investment in a Fintech Focused Fund. Contract Balances

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements On December 14, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). The ASU focuses on income tax disclosures around effective tax rates and cash income taxes paid. ASU 2023-09 requires public business entities to disclose, on an annual basis, a rate reconciliation presented in both dollars and percentages in a tabular format. The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the U.S. statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 also identifies specific categories that would require disclosure, including the following: • State and local income tax, net of federal (national) income tax effect; • Foreign tax effects; • Effect of changes in tax laws or rates enacted in the current period; • Effect of cross-border tax laws; • Enactment of new tax laws; • Nontaxable or nondeductible items; • Tax credits; • Changes in valuation allowances; and • Changes in unrecognized tax benefits. ASU 2023-09 makes changes to annual disclosures of income taxes paid for all entities. ASU 2023-09 requires entities to disclose the amount of income taxes paid, net of refunds received, disaggregated by federal, state and foreign jurisdiction. Additionally, entities are required to disclose income taxes paid, net of refunds received, for individual jurisdictions that comprise 5% or more of total income taxes paid. The 5% threshold is evaluated using the absolute value of the net refund or net payment in each jurisdiction compared to the absolute value of the total income taxes paid (net of refunds received). ASU 2023-09 requires all entities to disclose disaggregated domestic and foreign pre-tax income (or loss) from continuing operations along with disaggregated income tax expense (or benefit) by federal, state and foreign components. Such disaggregation by jurisdiction should classify taxes by jurisdiction based on the jurisdiction imposing the taxes. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024 (generally, calendar year 2025) and effective for all other business entities one year later. The Company expects this ASU to only impact its disclosure requirements and does not expect the adoption of this ASU to have a material impact on its business operations or financial condition.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments [Abstract]
Available-for-sale Securities	Investments available-for-sale are summarized as follows at the dates indicated: March 31, 2024 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,507 $ — $ (1,743) $ 9,764 Freddie Mac 12,887 — (1,887) 11,000 Ginnie Mae 27,755 159 (1,412) 26,502 Other 29,689 4 (1,191) 28,502 Municipal bonds 36,471 17 (4,978) 31,510 U.S. Government agencies 44,478 4 (763) 43,719 Corporate bonds 33,000 — (3,621) 29,379 Total $ 195,787 $ 184 $ (15,595) $ 180,376 December 31, 2023 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,562 $ — $ (1,684) $ 9,878 Freddie Mac 12,934 — (1,755) 11,179 Ginnie Mae 28,096 — (1,516) 26,580 Other 30,559 — (1,366) 29,193 Municipal bonds 36,571 42 (4,764) 31,849 U.S. Government agencies 71,003 5 (1,051) 69,957 Corporate bonds 33,000 — (3,721) 29,279 Total $ 223,725 $ 47 $ (15,857) $ 207,915
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: March 31, 2024 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 $ — $ — $ 9,764 $ (1,743) $ 9,764 $ (1,743) Freddie Mac — — 11,000 (1,887) 11,000 (1,887) Ginnie Mae — — 14,695 (1,412) 14,695 (1,412) Other 854 (10) 25,385 (1,181) 26,239 (1,191) Municipal bonds 640 (6) 29,091 (4,972) 29,731 (4,978) U.S. Government agencies 1,396 (3) 40,135 (760) 41,531 (763) Corporate bonds 5,843 (157) 23,536 (3,464) 29,379 (3,621) Total $ 8,733 $ (176) $ 153,606 $ (15,419) $ 162,339 $ (15,595) December 31, 2023 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 $ — $ — $ 9,878 $ (1,684) $ 9,878 $ (1,684) Freddie Mac 671 (57) 10,508 (1,698) 11,179 (1,755) Ginnie Mae 11,601 (70) 14,979 (1,446) 26,580 (1,516) Other — — 28,330 (1,366) 28,330 (1,366) Municipal bonds 2,477 (16) 26,916 (4,748) 29,393 (4,764) U.S. Government agencies — — 67,440 (1,051) 67,440 (1,051) Corporate bonds 5,966 (34) 23,313 (3,687) 29,279 (3,721) Total $ 20,715 $ (177) $ 181,364 $ (15,680) $ 202,079 $ (15,857)
Schedule of Available for sale Securities, Debt Maturities	The amortized cost and estimated fair value of investments available-for-sale at March 31, 2024, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, primarily mortgage-backed investments, are shown separately. March 31, 2024 Amortized Cost Fair Value (In thousands) Due within one year $ 14,959 $ 14,906 Due after one year through five years 11,049 10,705 Due after five years through ten years 33,403 29,477 Due after ten years 54,538 49,520 113,949 104,608 Mortgage-backed investments 81,838 75,768 Total $ 195,787 $ 180,376

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable are summarized as follows at the dates indicated: March 31, 2024 December 31, 2023 (In thousands) One-to-four family residential: Permanent owner occupied $ 283,398 $ 284,471 Permanent non-owner occupied 223,302 228,752 506,700 513,223 Multifamily 134,386 138,149 Commercial real estate 367,374 377,859 Construction/land: One-to-four family residential 43,411 47,149 Multifamily 5,266 4,004 Land 8,330 9,771 57,007 60,924 Business 20,424 29,081 Consumer 72,014 71,995 Total loans receivable, gross 1,157,905 1,191,231 Less: ACL for loans 14,996 15,306 Total loans receivable, net $ 1,142,909 $ 1,175,925
Financing Receivables, Summary of Loans by Type and Risk Category	As of March 31, 2024 and December 31, 2023, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at March 31, 2024 and December 31, 2023 by type and risk category: March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) One-to-four family residential Pass $ 4,973 $ 84,319 $ 140,053 $ 93,072 $ 59,345 $ 123,847 $ 505,609 Watch — — — — — 681 681 Special mention — — — — — 410 410 Substandard — — — — — — — Total one-to-four family residential $ 4,973 $ 84,319 $ 140,053 $ 93,072 $ 59,345 $ 124,938 $ 506,700 Current year-to-date (“YTD”) gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 48 $ 3,321 $ 7,963 $ 19,959 $ 43,025 $ 49,883 $ 124,199 Watch — — — — — 8,607 8,607 Substandard — — — — — 1,580 1,580 Total multifamily $ 48 $ 3,321 $ 7,963 $ 19,959 $ 43,025 $ 60,070 $ 134,386 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 496 $ 19,954 $ 34,860 $ 75,181 $ 77,705 $ 107,784 $ 315,980 Watch — — — 4,081 — 12,678 16,759 Special mention — — — — — — — Substandard — — — — 526 34,109 34,635 Total commercial real estate $ 496 $ 19,954 $ 34,860 $ 79,262 $ 78,231 $ 154,571 $ 367,374 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) Construction/land Pass $ 6,326 $ 22,882 $ 15,878 $ 11,921 $ — $ — $ 57,007 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 6,326 $ 22,882 $ 15,878 $ 11,921 $ — $ — $ 57,007 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 46 $ 1,654 $ 5,621 $ 416 $ 1,158 $ 11,529 $ 20,424 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 46 $ 1,654 $ 5,621 $ 416 $ 1,158 $ 11,529 $ 20,424 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 3,539 $ 22,771 $ 22,556 $ 9,517 $ 5,378 $ 7,978 $ 71,739 Watch — — 27 — — — 27 Special mention — 47 — — — — 47 Substandard — — — 201 — — 201 Total consumer $ 3,539 $ 22,818 $ 22,583 $ 9,718 $ 5,378 $ 7,978 $ 72,014 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 Total loans receivable, gross Pass $ 15,428 $ 154,901 $ 226,931 $ 210,066 $ 186,611 $ 301,021 $ 1,094,958 Watch — — 27 4,081 — 21,966 26,074 Special mention — 47 — — — 410 457 Substandard — — — 201 526 35,689 36,416 Total loans $ 15,428 $ 154,948 $ 226,958 $ 214,348 $ 187,137 $ 359,086 $ 1,157,905 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 December 31, 2023 Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Total Loans (In thousands) One-to-four family residential Pass $ 86,208 $ 142,563 $ 94,582 $ 61,946 $ 31,806 $ 95,012 $ 512,117 Watch — — — — — 683 683 Special mention — — — — — 130 130 Substandard — — — — — 293 293 Total one-to-four family residential $ 86,208 $ 142,563 $ 94,582 $ 61,946 $ 31,806 $ 96,118 $ 513,223 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 3,329 $ 8,332 $ 22,787 $ 43,259 $ 25,988 $ 30,561 $ 134,256 Watch — — — — — 2,303 2,303 Special mention — — — — — — — Substandard — — — — — 1,590 1,590 Total multifamily $ 3,329 $ 8,332 $ 22,787 $ 43,259 $ 25,988 $ 34,454 $ 138,149 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 20,026 $ 35,054 $ 73,727 $ 78,204 $ 8,337 $ 98,316 $ 313,664 Watch — — 4,108 — 12,745 3,322 20,175 Special mention — — — — — — — Substandard — — — 526 1,295 42,199 44,020 Total commercial real estate $ 20,026 $ 35,054 $ 77,835 $ 78,730 $ 22,377 $ 143,837 $ 377,859 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Construction/land Pass $ 14,797 $ 26,286 $ 19,841 $ — $ — $ — $ 60,924 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 14,797 $ 26,286 $ 19,841 $ — $ — $ — $ 60,924 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 1,480 $ 6,358 $ 388 $ 1,272 $ 1,486 $ 18,097 $ 29,081 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 1,480 $ 6,358 $ 388 $ 1,272 $ 1,486 $ 18,097 $ 29,081 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) December 31, 2023 Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Total Loans (In thousands) Consumer Pass $ 23,937 $ 23,921 $ 10,190 $ 5,523 $ 5,260 $ 2,917 $ 71,748 Watch — 27 — — — — 27 Special mention — — — — — — — Substandard — 19 201 — — — 220 Total consumer $ 23,937 $ 23,967 $ 10,391 $ 5,523 $ 5,260 $ 2,917 $ 71,995 Current YTD gross charge-offs $ — $ — $ — $ — $ 22 $ — $ 22 Total loans receivable, gross Pass $ 149,777 $ 242,514 $ 221,515 $ 190,204 $ 72,877 $ 244,903 $ 1,121,790 Watch — 27 4,108 — 12,745 6,308 23,188 Special mention — — — — — 130 130 Substandard — 19 201 526 1,295 44,082 46,123 Total loans $ 149,777 $ 242,560 $ 225,824 $ 190,730 $ 86,917 $ 295,423 $ 1,191,231 Current YTD gross charge-offs $ — $ — $ — $ — $ 22 $ — $ 22
Schedule of Allowance for Loan and Lease Losses and Unfunded Commitments	Activity in the ACL for loans and the allowance for unfunded commitments was as follows: Three Months Ended March 31, 2024 ACL - loans: Beginning balance $ 15,306 Charge-offs (10) Recoveries — Recapture of provision for credit losses (300) Ending balance $ 14,996 Allowance for unfunded commitments: Beginning balance $ 439 Provision for credit losses 125 Ending balance $ 564 Recapture of provision for credit losses Loans $ (300) Unfunded commitments 125 Total $ (175)
Schedule of Allowance for Loan and Lease Losses, Roll Forward	The following tables detail activity in the ACL on loans at or for the three months ended March 31, 2024 and March 31, 2023, by loan category: At or For the Three Months Ended March 31, 2024 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,747 $ 1,509 $ 3,895 $ 1,856 $ 387 $ 1,912 $ 15,306 Charge-offs — — — — — (10) (10) (Recapture of provision) provision (129) 22 (79) (2) (114) 2 (300) Ending balance $ 5,618 $ 1,531 $ 3,816 $ 1,854 $ 273 $ 1,904 $ 14,996 At or For the Three Months Ended March 31, 2023 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 4,043 $ 1,210 $ 5,397 $ 1,717 $ 948 $ 1,912 $ 15,227 Adjustment for adoption of Topic 326 1,520 83 (970) 408 (510) (31) 500 Recoveries 1 — — — — — 1 Provision (recapture of provision) 47 314 69 (332) (25) 227 300 Ending balance $ 5,611 $ 1,607 $ 4,496 $ 1,793 $ 413 $ 2,108 $ 16,028
Financing Receivables, Aging of Loans	The following tables present a summary of the aging of loans by type at the dates indicated: Loans Past Due as of March 31, 2024 30-59 Days 60-89 Days 90 Days Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ 37 $ — $ — $ 37 $ 283,361 $ 283,398 Non-owner occupied — — 23 23 223,279 223,302 Multifamily — — — — 134,386 134,386 Commercial real estate — — — — 367,374 367,374 Construction/land — — — — 57,007 57,007 Total real estate 37 — 23 60 1,065,407 1,065,467 Business — — — — 20,424 20,424 Consumer 759 8 225 992 71,022 72,014 Total loans $ 796 $ 8 $ 248 $ 1,052 $ 1,156,853 $ 1,157,905 ________________ (1) Includes two loans totaling $47,000 that are 90 days or more past due and still accruing interest. Loans Past Due as of December 31, 2023 30-59 Days 60-89 Days 90 Days Total Past Current Total (1) (In thousands) Real estate: One-to-four family residential: Owner occupied $ — $ 378 $ 293 $ 671 $ 283,800 $ 284,471 Non-owner occupied — — 24 24 228,728 228,752 Multifamily — — — — 138,149 138,149 Commercial real estate — — — — 377,859 377,859 Construction/land — — — — 60,924 60,924 Total real estate — 378 317 695 1,089,460 1,090,155 Business — — — — 29,081 29,081 Consumer 453 9 220 682 71,313 71,995 Total loans $ 453 $ 387 $ 537 $ 1,377 $ 1,189,854 $ 1,191,231 _________________ (1) Includes two loans totaling $317,000 that are 90 days or more past due and still accruing interest.
Schedule of Impaired Financing Receivables	The following tables present a summary of loans individually evaluated for credit losses at March 31, 2024 and December 31, 2023, by type of loan: March 31, 2024 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: Multifamily $ 1,580 $ 1,581 $ — Commercial real estate 34,635 34,709 — Total $ 36,215 $ 36,290 $ — ________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance. December 31, 2023 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: One-to-four family residential: Owner occupied $ 293 $ 295 $ — Multifamily 1,590 1,591 — Commercial real estate 44,021 44,121 — Total 45,904 46,007 — Loans with an allowance: Consumer 19 18 11 Total 19 18 11 Total individually evaluated loans: One-to-four family residential: Owner occupied 293 295 — Multifamily 1,590 1,591 — Commercial real estate 44,021 44,121 — Consumer 19 18 11 Total $ 45,923 $ 46,025 $ 11 _________________ (1) Represents the loan balance less charge-offs. (2) Contractual loan principal balance.
Financing Receivable, Modified	The following table presents the amortized cost basis of loans on nonaccrual status and loans 90 days or more past due and still accruing as of March 31, 2024: March 31, 2024 Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual 90 Days or More Past Due and Still Accruing (In thousands) Consumer Loans $ — $ 201 $ 201 $ 47 Total $ — $ 201 $ 201 $ 47

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 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 $ 9,764 $ — $ 9,764 $ — Freddie Mac 11,000 — 11,000 — Ginnie Mae 26,502 — 26,502 — Other 28,502 — 28,502 — Municipal bonds 31,510 — 31,510 — U.S. Government agencies 43,719 14,905 28,814 — Corporate bonds 29,379 — 29,379 — Total available-for-sale investments 180,376 14,905 165,471 — Derivative fair value asset 8,376 — 8,376 — Total $ 188,752 $ 14,905 $ 173,847 $ — Fair Value Measurements at December 31, 2023 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 $ 9,878 $ — $ 9,878 $ — Freddie Mac 11,179 — 11,179 — Ginnie Mae 26,580 — 26,580 — Other 29,193 — 29,193 — Municipal bonds 31,849 — 31,849 — U.S. Government agencies 69,957 39,603 30,354 — Corporate bonds 29,279 — 29,279 — Total available-for-sale investments 207,915 39,603 168,312 — Derivative fair value asset 7,565 — 7,565 — Total $ 215,480 $ 39,603 $ 175,877 $ —
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 March 31, 2024 and December 31, 2023: Fair Value Measurements at March 31, 2024 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 36,215 $ — $ — $ 36,215 Total $ 36,215 $ — $ — $ 36,215 Fair Value Measurements at December 31, 2023 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 45,912 $ — $ — $ 45,912 Total $ 45,912 $ — $ — $ 45,912
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 March 31, 2024 and December 31, 2023: March 31, 2024 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 36,215 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 15.8% (0.04%) December 31, 2023 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 45,912 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 14.26% (0.04%)
Fair Value, by Balance Sheet Grouping	The carrying amounts and estimated fair values of financial instruments were as follows at the dates indicated: March 31, 2024 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 $ 8,789 $ 8,789 $ 8,789 $ — $ — Interest-earning deposits with banks 40,272 40,272 40,272 — — Investments available-for-sale 180,376 180,376 14,905 165,471 — Investments held-to-maturity 2,451 2,451 — 2,451 — Loans receivable, net 1,142,909 1,082,690 — — 1,082,690 FHLB stock 6,078 6,078 — 6,078 — Accrued interest receivable 7,176 7,176 — 7,176 — Derivative fair value asset 8,376 8,376 — 8,376 — Financial Liabilities: Deposits 714,243 714,243 714,243 — — Certificates of deposit, retail 366,507 362,521 — 362,521 — Brokered deposits 86,146 86,198 — 86,198 — Advances from the FHLB 115,000 114,996 — 114,996 — Accrued interest payable 1,134 1,134 — 1,134 — December 31, 2023 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 $ 8,391 $ 8,391 $ 8,391 $ — $ — Interest-earning deposits with banks 22,138 22,138 22,138 — — Investments available-for-sale 207,915 207,915 39,603 168,312 — Investments held-to-maturity 2,456 2,456 — 2,456 — Loans receivable, net 1,175,925 1,113,642 — — 1,113,642 FHLB stock 6,527 6,527 — 6,527 — Accrued interest receivable 7,359 7,359 — 7,359 — Derivative fair value asset 7,565 7,565 — 7,565 — Financial Liabilities: Deposits 706,162 706,162 706,162 — — Certificates of deposit, retail 357,154 353,881 — 353,881 — Brokered deposits 130,791 130,977 — 130,977 — Advances from the FHLB 125,000 124,976 — 124,976 — Accrued interest payable 2,739 2,739 — 2,739 —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Components of Operating Leases	The following table includes details on these items at and for the dates indicated: At or For the Three Months Ended March 31, 2024 March 31, 2023 (Dollars in thousands) Lease expense, quarter-to-date $ 283 $ 284 Lease expense, year-to-date 283 284 ROU asset 2,415 3,194 Lease liability 2,598 3,374 Weighted average remaining term 4.7 years 5.2 years Weighted average discount rate 2.24 % 2.23 %
Maturity of Leases	The following table provides a reconciliation between the undiscounted minimum lease payments at March 31, 2024 and the discounted lease liability at that date: March 31, 2024 (In thousands) Due through one year $ 810 Due after one year through two years 626 Due after two years through three years 318 Due after three years through four years 305 Due after four years through five years 311 Due after five years 353 Total minimum lease payments 2,723 Less: present value discount 125 Lease liability $ 2,598

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair value of these derivative instruments as of March 31, 2024 and December 31, 2023: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets $ 8,376 $ 7,565
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 (In thousands) Interest rate swaps on FHLB debt $ 641 $ (1,224)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The Company’s stock option plan awards and activity for the three months ended March 31, 2024 are summarized as follows: For the Three Months Ended March 31, 2024 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, 2024 162,500 $ 11.65 $ 296,775 $ 3.98 Exercised — — — — Outstanding at March 31, 2024 162,500 11.65 2.90 1,447,225 3.98 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 161,300 11.65 2.85 1,437,025 3.99 Exercisable at March 31, 2024 122,500 11.52 0.80 1,107,225 4.30
Nonvested Restricted Stock Shares Activity	Changes in nonvested restricted stock awards for the three months ended March 31, 2024, are summarized as follows: For the Three Months Ended March 31, 2024 Shares Weighted-Average Nonvested at January 1, 2024 27,618 $ 14.92 Granted 7,673 20.68 Vested (27,618) 14.92 Nonvested at March 31, 2024 7,673 20.68 Expected to vest assuming a 3% forfeiture rate over the vesting term 7,443 20.68

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents the changes in accumulated other comprehensive (loss) income, net of tax, for the three months ended March 31, 2024 and 2023. Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Cash Flow Hedges Total (In thousands) Balance December 31, 2023 $ (13,649) $ 5,976 $ (7,673) Other comprehensive gain before reclassifications 314 641 955 Net other comprehensive gain 314 641 955 Balance March 31, 2024 $ (13,335) $ 6,617 $ (6,718) Balance December 31, 2022 $ (15,497) $ 8,283 $ (7,214) Other comprehensive loss before reclassifications (51) (1,224) (1,275) Net other comprehensive loss (51) (1,224) (1,275) Balance March 31, 2023 $ (15,548) $ 7,059 $ (8,489)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended March 31, 2024 2023 (Dollars in thousands, except per share data) Net (loss) income $ (1,076) $ 2,122 Less: Earnings allocated to participating securities 1 (6) (Loss) earnings allocated to common shareholders $ (1,075) $ 2,116 Basic weighted average common shares outstanding 9,159,339 9,104,371 Dilutive stock options — 51,350 Dilutive restricted stock grants — 17,555 Diluted weighted average common shares outstanding 9,159,339 9,173,276 Basic (loss) earnings per share $ (0.12) $ 0.23 Diluted (loss) earnings per share $ (0.12) $ 0.23

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2024
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 months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 2023 (In thousands) BOLI change in cash surrender value (1) $ 351 $ 308 Wealth management revenue 95 45 Deposit related fees 78 72 Debit card and ATM fees 143 151 Loan related fees 58 91 Other 62 (2) Total noninterest income $ 787 $ 665 _______________ (1) Not within scope of Topic 606

Description of Business (Narrat

Description of Business (Narrative) (Details) $ in Millions	Jan. 10, 2024 USD ($)	Mar. 31, 2024 loan location
Business Acquisition [Line Items]
Number of locations in which entity operates | loan		15
Disposal Group, Held-for-Sale, Not Discontinued Operations | Asset Sale
Business Acquisition [Line Items]
Consideration | $	$ 231.2
Termination fee | $	$ 9.4
King County
Business Acquisition [Line Items]
Number of retail branches		7
Snohomish County
Business Acquisition [Line Items]
Number of retail branches		5
Pierce County
Business Acquisition [Line Items]
Number of retail branches		2

Investments_ Available-for-sale

Investments: Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Total	$ 195,787	$ 223,725
Gross Unrealized Gains	184	47
Gross Unrealized Losses	(15,595)	(15,857)
Fair Value	180,376	207,915
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Total	11,507	11,562
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,743)	(1,684)
Fair Value	9,764	9,878
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Total	12,887	12,934
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,887)	(1,755)
Fair Value	11,000	11,179
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Total	27,755	28,096
Gross Unrealized Gains	159	0
Gross Unrealized Losses	(1,412)	(1,516)
Fair Value	26,502	26,580
Mortgage-backed investments, Other
Debt Securities, Available-for-sale [Line Items]
Total	29,689	30,559
Gross Unrealized Gains	4	0
Gross Unrealized Losses	(1,191)	(1,366)
Fair Value	28,502	29,193
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Total	36,471	36,571
Gross Unrealized Gains	17	42
Gross Unrealized Losses	(4,978)	(4,764)
Fair Value	31,510	31,849
U.S. Government agencies
Debt Securities, Available-for-sale [Line Items]
Total	44,478	71,003
Gross Unrealized Gains	4	5
Gross Unrealized Losses	(763)	(1,051)
Fair Value	43,719	69,957
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Total	33,000	33,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,621)	(3,721)
Fair Value	$ 29,379	$ 29,279

Investments_ Narrative (Details

Investments: Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2020 USD ($)	Mar. 31, 2024 USD ($) securities	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) securities
Investments [Abstract]
Investments held-to-maturity		$ 2,451		$ 2,456
Payments to acquire marketable securities	$ 2,400
Securities in unrealized loss position | securities		114		123
Securities in unrealized loss position for 12 months or more | securities		110		113
Investments pledged as collateral for FHLB advances		50%
Investments pledged as collateral for public deposits		$ 26,200		$ 26,500
Principal repayments on investments available-for-sale		$ 25,000	$ 0

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 8,733	$ 20,715
12 Months or Longer	153,606	181,364
Total	162,339	202,079
Gross Unrealized Loss
Less Than 12 Months	(176)	(177)
12 Months or Longer	(15,419)	(15,680)
Total	(15,595)	(15,857)
Mortgage-backed investments, Fannie Mae
Fair Value
Less Than 12 Months	0	0
12 Months or Longer	9,764	9,878
Total	9,764	9,878
Gross Unrealized Loss
Less Than 12 Months	0	0
12 Months or Longer	(1,743)	(1,684)
Total	(1,743)	(1,684)
Mortgage-backed investments, Freddie Mac
Fair Value
Less Than 12 Months	0	671
12 Months or Longer	11,000	10,508
Total	11,000	11,179
Gross Unrealized Loss
Less Than 12 Months	0	(57)
12 Months or Longer	(1,887)	(1,698)
Total	(1,887)	(1,755)
Mortgage backed investments Ginnie Mae
Fair Value
Less Than 12 Months	0	11,601
12 Months or Longer	14,695	14,979
Total	14,695	26,580
Gross Unrealized Loss
Less Than 12 Months	0	(70)
12 Months or Longer	(1,412)	(1,446)
Total	(1,412)	(1,516)
Mortgage-backed investments, Other
Fair Value
Less Than 12 Months	854	0
12 Months or Longer	25,385	28,330
Total	26,239	28,330
Gross Unrealized Loss
Less Than 12 Months	(10)	0
12 Months or Longer	(1,181)	(1,366)
Total	(1,191)	(1,366)
Municipal bonds
Fair Value
Less Than 12 Months	640	2,477
12 Months or Longer	29,091	26,916
Total	29,731	29,393
Gross Unrealized Loss
Less Than 12 Months	(6)	(16)
12 Months or Longer	(4,972)	(4,748)
Total	(4,978)	(4,764)
U.S. Government agencies
Fair Value
Less Than 12 Months	1,396	0
12 Months or Longer	40,135	67,440
Total	41,531	67,440
Gross Unrealized Loss
Less Than 12 Months	(3)	0
12 Months or Longer	(760)	(1,051)
Total	(763)	(1,051)
Corporate bonds
Fair Value
Less Than 12 Months	5,843	5,966
12 Months or Longer	23,536	23,313
Total	29,379	29,279
Gross Unrealized Loss
Less Than 12 Months	(157)	(34)
12 Months or Longer	(3,464)	(3,687)
Total	$ (3,621)	$ (3,721)

Investments_ Schedule of Avai_2

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 14,959
Due after one year through five years	11,049
Due after five years through ten years	33,403
Due after ten years	54,538
Amortized Cost	113,949
Mortgage-backed investments	81,838
Total	195,787	$ 223,725
Fair Value
Due within one year	14,906
Due after one year through five years	10,705
Due after five years through ten years	29,477
Due after ten years	49,520
Fair Value	104,608
Mortgage-backed investments	75,768
Fair Value	$ 180,376	$ 207,915

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Credit Losses - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 1,157,905	$ 1,191,231
ACL	14,996	15,306
Total Loans	1,142,909	1,175,925
One to Four Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	506,700	513,223
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,398	284,471
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	223,302	228,752
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,386	138,149
ACL	1,531	1,509	$ 1,607	$ 1,210
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	367,374	377,859
ACL	3,816	3,895	4,496	5,397
Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	57,007	60,924
ACL	1,854	1,856	1,793	1,717
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	43,411	47,149
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	5,266	4,004
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	8,330	9,771
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	20,424	29,081
ACL	273	387	413	948
Prior
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	72,014	71,995
ACL	$ 1,904	$ 1,912	$ 2,108	$ 1,912

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Credit Losses - Narrative (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net of allowance of $14,996, and $15,306			$ 1,142,909,000	$ 1,175,925,000
Total loans receivable, gross			1,157,905,000	1,191,231,000
Commercial Real Estate Permanent | PPP Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term Debt, Gross			395,000		$ 473,000
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross			1,157,905,000
Property total | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net of allowance of $14,996, and $15,306			1,100,000	1,400,000
Percent of total loans receivable	0.09%	0.12%
Total loans receivable, gross			1,052,000
Property total | 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross			248,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross			72,014,000
Consumer | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross			992,000
Consumer | 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross			225,000	220,000
Loans nonaccrual status			201,000
FHLB of Des Moines | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable			642,400,000	636,900,000
Federal Reserve Bank | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable			$ 75,800,000	$ 76,100,000

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Credit Losses - Financing Receivables, Summary of loans by type and risk category (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	$ 15,428	$ 149,777
2023	154,948	242,560
2022	226,958	225,824
2021	214,348	190,730
2020	187,137	86,917
Prior	359,086	295,423
Total Loans	1,157,905	1,191,231
Current YTD gross charge-offs
2024	0	0
2023	0	0
2022	10	0
2021	0	0
2020	0	22
Prior	0	0
Writeoff	10	22
One-to-four family residential | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	4,973	86,208
2023	84,319	142,563
2022	140,053	94,582
2021	93,072	61,946
2020	59,345	31,806
Prior	124,938	96,118
Total Loans	506,700	513,223
Current YTD gross charge-offs
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Writeoff	0	0
Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	48	3,329
2023	3,321	8,332
2022	7,963	22,787
2021	19,959	43,259
2020	43,025	25,988
Prior	60,070	34,454
Total Loans	134,386	138,149
Current YTD gross charge-offs
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Writeoff	0	0
Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	20,026
2023	0	35,054
2022	0	77,835
2021	0	78,730
2020	526	22,377
Prior	34,109	143,837
Total Loans	34,635	377,859
Current YTD gross charge-offs
2024	496	0
2023	19,954	0
2022	34,860	0
2021	79,262	0
2020	78,231	0
Prior	154,571	0
Writeoff	367,374	0
Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	6,326	14,797
2023	22,882	26,286
2022	15,878	19,841
2021	11,921	0
2020	0	0
Prior	0	0
Total Loans	57,007	60,924
Current YTD gross charge-offs
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Writeoff	0	0
Business | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	46
2023	1,654
2022	5,621
2021	416
2020	1,158
Prior	11,529
Total Loans	20,424
Current YTD gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Writeoff	0
Business | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1,480
2023		6,358
2022		388
2021		1,272
2020		1,486
Prior		18,097
Total Loans		29,081
Current YTD gross charge-offs
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Writeoff		0
Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	3,539	23,937
2023	22,818	23,967
2022	22,583	10,391
2021	9,718	5,523
2020	5,378	5,260
Prior	7,978	2,917
Total Loans	72,014	71,995
Current YTD gross charge-offs
2024	0	0
2023	0	0
2022	10	0
2021	0	0
2020	0	22
Prior	0	0
Writeoff	10	22
Pass | One-to-four family residential | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	4,973	86,208
2023	84,319	142,563
2022	140,053	94,582
2021	93,072	61,946
2020	59,345	31,806
Prior	123,847	95,012
Total Loans	505,609	512,117
Pass | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	48
2023	3,321
2022	7,963
2021	19,959
2020	43,025
Prior	49,883
Total Loans	124,199
Pass | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	496
2023	19,954
2022	34,860
2021	75,181
2020	77,705
Prior	107,784
Total Loans	315,980
Current YTD gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Writeoff	0
Pass | Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	6,326
2023	22,882
2022	15,878
2021	11,921
2020	0
Prior	0
Total Loans	57,007
Watch
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	27
2022	27	4,108
2021	4,081	0
2020	0	12,745
Prior	21,966	6,308
Total Loans	26,074	23,188
Watch | One-to-four family residential | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	681	683
Total Loans	681	683
Watch | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	8,607	2,303
Total Loans	8,607	2,303
Watch | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	4,108
2021	4,081	0
2020	0	12,745
Prior	12,678	3,322
Total Loans	16,759	20,175
Watch | Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	0	0
Watch | Business | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Total Loans	0
Watch | Business | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Total Loans		0
Watch | Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	27
2022	27	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	27	27
Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	47	0
2022	0	0
2021	0	0
2020	0	0
Prior	410	130
Total Loans	457	130
Special mention | One-to-four family residential | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	410	130
Total Loans	410	130
Special mention | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Total Loans		0
Special mention | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Total Loans		0
Special mention | Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	0	0
Special mention | Business | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Total Loans	0
Special mention | Business | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Total Loans		0
Special mention | Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	47	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	47	0
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	19
2022	0	201
2021	201	526
2020	526	1,295
Prior	35,689	44,082
Total Loans	36,416	46,123
Substandard | One-to-four family residential | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	293
Total Loans	0	293
Substandard | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	1,580	1,590
Total Loans	1,580	1,590
Substandard | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	526
2020	0	1,295
Prior	0	42,199
Total Loans	0	44,020
Substandard | Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	0	0
Substandard | Business | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Total Loans	0
Substandard | Business | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		0
2023		0
2022		0
2021		0
2020		0
Prior		0
Total Loans		0
Substandard | Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	19
2022	0	201
2021	201	0
2020	0	0
Prior	0	0
Total Loans	201	220
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	15,428	149,777
2023	154,901	242,514
2022	226,931	221,515
2021	210,066	190,204
2020	186,611	72,877
Prior	301,021	244,903
Total Loans	1,094,958	1,121,790
Pass | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		3,329
2023		8,332
2022		22,787
2021		43,259
2020		25,988
Prior		30,561
Total Loans		134,256
Pass | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		20,026
2023		35,054
2022		73,727
2021		78,204
2020		8,337
Prior		98,316
Total Loans		313,664
Pass | Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		14,797
2023		26,286
2022		19,841
2021		0
2020		0
Prior		0
Total Loans		60,924
Pass | Business | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	46
2023	1,654
2022	5,621
2021	416
2020	1,158
Prior	11,529
Total Loans	20,424
Pass | Business | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1,480
2023		6,358
2022		388
2021		1,272
2020		1,486
Prior		18,097
Total Loans		29,081
Pass | Consumer | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	3,539	23,937
2023	22,771	23,921
2022	22,556	10,190
2021	9,517	5,523
2020	5,378	5,260
Prior	7,978	2,917
Total Loans	$ 71,739	$ 71,748

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Credit Losses - Schedule of Allowance for Loan and Lease Losses and Unfunded Commitments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 15,306
(Recapture of provision) provision	(175)
Ending balance	14,996
Real Estate Loan
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	15,306
Charge-offs	(10)
Recoveries	0
(Recapture of provision) provision	(300)
Ending balance	14,996
Unfunded Loan Commitment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	439
(Recapture of provision) provision	125
Ending balance	$ 564

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Credit Losses - Schedule of Allowance for Loan and Lease Losses, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 15,306
(Recapture of provision) provision	(175)
Ending balance	14,996
One-to-Four Family Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,747	$ 4,043
Charge-offs	0
Recoveries		(1)
(Recapture of provision) provision	(129)	47
Ending balance	5,618	5,611
One-to-Four Family Residential | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		1,520
Multifamily
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,509	1,210
Charge-offs	0
Recoveries		0
(Recapture of provision) provision	22	314
Ending balance	1,531	1,607
Multifamily | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		83
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,895	5,397
Charge-offs	0
Recoveries		0
(Recapture of provision) provision	(79)	69
Ending balance	3,816	4,496
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		(970)
Construction/ Land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,856	1,717
Charge-offs	0
Recoveries		0
(Recapture of provision) provision	(2)	(332)
Ending balance	1,854	1,793
Construction/ Land | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		408
Business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	387	948
Charge-offs	0
Recoveries		0
(Recapture of provision) provision	(114)	(25)
Ending balance	273	413
Business | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		(510)
Prior
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,912	1,912
Charge-offs	(10)
Recoveries		0
(Recapture of provision) provision	2	227
Ending balance	1,904	2,108
Prior | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		(31)
Property total
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	15,306	15,227
Charge-offs	(10)
Recoveries		(1)
(Recapture of provision) provision	(300)	300
Ending balance	$ 14,996	16,028
Property total | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance		$ 500

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Credit Losses - Financing Receivables, Aging of loans (Details)	Mar. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 1,157,905,000	$ 1,191,231,000
Number of loans past due, still accruing | loan	2	2
Loans 90 days and or more past due and still accruing interest	$ 47,000	$ 317,000
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,157,905,000
Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,191,231,000
Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,065,467,000
Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,090,155,000
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,398,000	284,471,000
Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		284,471,000
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	223,302,000	228,752,000
Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		228,752,000
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,386,000	138,149,000
Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		138,149,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	367,374,000	377,859,000
Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		377,859,000
Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	57,007,000	60,924,000
Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		60,924,000
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	20,424,000	29,081,000
Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		29,081,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	72,014,000
Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		71,995,000
Financial Asset, Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,052,000
Financial Asset, Past Due | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,377,000
Financial Asset, Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	60,000
Financial Asset, Past Due | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		695,000
Financial Asset, Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	37,000
Financial Asset, Past Due | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		671,000
Financial Asset, Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	23,000
Financial Asset, Past Due | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		24,000
Financial Asset, Past Due | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
Financial Asset, Past Due | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
Financial Asset, Past Due | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
Financial Asset, Past Due | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
Financial Asset, Past Due | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
Financial Asset, Past Due | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
Financial Asset, Past Due | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
Financial Asset, Past Due | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
Financial Asset, Past Due | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	992,000
Financial Asset, Past Due | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		682,000
30-59 Days | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	796,000
30-59 Days | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		453,000
30-59 Days | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	37,000
30-59 Days | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	37,000
30-59 Days | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
30-59 Days | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
30-59 Days | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
30-59 Days | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
30-59 Days | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
30-59 Days | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
30-59 Days | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	759,000
30-59 Days | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		453,000
60-89 Days | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	8,000
60-89 Days | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		387,000
60-89 Days | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		378,000
60-89 Days | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		378,000
60-89 Days | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
60-89 Days | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
60-89 Days | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
60-89 Days | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
60-89 Days | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
60-89 Days | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
60-89 Days | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	8,000
60-89 Days | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		9,000
90 Days or More | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	248,000
90 Days or More | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		537,000
90 Days or More | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	23,000
90 Days or More | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		317,000
90 Days or More | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
90 Days or More | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		293,000
90 Days or More | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	23,000
90 Days or More | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		24,000
90 Days or More | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
90 Days or More | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
90 Days or More | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
90 Days or More | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
90 Days or More | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
90 Days or More | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
90 Days or More | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	0
90 Days or More | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		0
90 Days or More | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	225,000	220,000
90 Days or More | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		220,000
Current | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,156,853,000
Current | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,189,854,000
Current | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,065,407,000
Current | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,089,460,000
Current | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,361,000
Current | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		283,800,000
Current | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	223,279,000
Current | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		228,728,000
Current | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,386,000
Current | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		138,149,000
Current | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	367,374,000
Current | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		377,859,000
Current | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	57,007,000
Current | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		60,924,000
Current | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	20,424,000
Current | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		29,081,000
Current | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 71,022,000
Current | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		$ 71,313,000

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Credit Losses - Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 36,215
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	36,290
Recorded Investment	36,215	$ 45,912
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		45,904
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		46,007
Impaired Financing Receivable, with Related Allowance, Recorded Investment		19
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		18
Impaired financing receivable, related allowance		11
Recorded Investment		45,923
Impaired Financing Receivable, Unpaid Principal Balance		46,025
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		293
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		295
Impaired financing receivable, related allowance		0
Recorded Investment		293
Impaired Financing Receivable, Unpaid Principal Balance		295
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,580	1,590
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,581	1,591
Impaired financing receivable, related allowance		0
Recorded Investment		1,590
Impaired Financing Receivable, Unpaid Principal Balance		1,591
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	34,635	44,021
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	$ 34,709	44,121
Impaired financing receivable, related allowance		0
Recorded Investment		44,021
Impaired Financing Receivable, Unpaid Principal Balance		44,121
Prior
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with Related Allowance, Recorded Investment		19
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance		18
Impaired financing receivable, related allowance		11
Recorded Investment		19
Impaired Financing Receivable, Unpaid Principal Balance		$ 18

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Credit Losses - Schedule of Loans On Nonaccrual Status (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	$ 0
Nonaccrual with ACL	201
Nonaccrual loans	201
90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	47
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	0
Nonaccrual with ACL	201
Nonaccrual loans	201
Consumer | 90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	$ 47

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets Included - Narrative (Details) - Fintech Focused Fund - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Real Estate [Line Items]
Unrealized gain	$ 51
Contributions		$ 100
Unrealized loss		$ 10
Prepaid Expenses and Other Current Assets
Real Estate [Line Items]
Investment	564
Capital Investment
Real Estate [Line Items]
Other commitment	1,000
Capital Call
Real Estate [Line Items]
Other commitment	$ 470

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 180,376	$ 207,915
Derivative fair value asset	8,376	7,565
Total	188,752	215,480
Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	9,764	9,878
Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	11,000	11,179
Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	26,502	26,580
Mortgage-backed investments, Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	28,502	29,193
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,510	31,849
U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	43,719	69,957
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	29,379	29,279
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	14,905	39,603
Derivative fair value asset	0	0
Total	14,905	39,603
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	0	0
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) | Mortgage-backed investments, Other
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) | 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	14,905	39,603
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	165,471	168,312
Derivative fair value asset	8,376	7,565
Total	173,847	175,877
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	9,764	9,878
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	11,000	11,179
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	26,502	26,580
Significant Other Observable Inputs (Level 2) | Mortgage-backed investments, Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	28,502	29,193
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	31,510	31,849
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	28,814	30,354
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	29,379	29,279
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) | Mortgage-backed investments, 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 ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	$ 36,215	$ 45,912
Total, Fair Value	36,215	45,912
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)	36,215	45,912
Total, Fair Value	$ 36,215	$ 45,912

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	Mar. 31, 2024	Dec. 31, 2023
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	15.80%	14.26%
Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial instruments, range	0.04%	0.04%
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 36,215	$ 45,912

Fair Value_ Balance Sheet Group

Fair Value: Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	$ 180,376	$ 207,915
Investments held-to-maturity	2,451	2,456
FHLB stock	6,078	6,527
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	8,789	8,391
Interest-earning deposits with banks	40,272	22,138
Investments available-for-sale	14,905	39,603
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	714,243	706,162
Certificates of deposit, retail	0	0
Brokered deposits	0	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	165,471	168,312
Investments held-to-maturity	2,451	2,456
Loans receivable, net	0	0
FHLB stock	6,078	6,527
Accrued interest receivable	7,176	7,359
Derivative fair value asset	8,376	7,565
Deposits	0	0
Certificates of deposit, retail	362,521	353,881
Brokered deposits	86,198	130,977
Advances from the FHLB	114,996	124,976
Accrued interest payable	1,134	2,739
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	1,082,690	1,113,642
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	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	8,789	8,391
Interest-earning deposits with banks	40,272	22,138
Investments available-for-sale	180,376	207,915
Investments held-to-maturity	2,451	2,456
Loans receivable, net	1,142,909	1,175,925
FHLB stock	6,078	6,527
Accrued interest receivable	7,176	7,359
Derivative fair value asset	8,376	7,565
Deposits	714,243	706,162
Certificates of deposit, retail	366,507	357,154
Brokered deposits	86,146	130,791
Advances from the FHLB	115,000	125,000
Accrued interest payable	1,134	2,739
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	8,789	8,391
Interest-earning deposits with banks	40,272	22,138
Investments available-for-sale	180,376	207,915
Investments held-to-maturity	2,451	2,456
Loans receivable, net	1,082,690	1,113,642
FHLB stock	6,078	6,527
Accrued interest receivable	7,176	7,359
Derivative fair value asset	8,376	7,565
Deposits	714,243	706,162
Certificates of deposit, retail	362,521	353,881
Brokered deposits	86,198	130,977
Advances from the FHLB	114,996	124,976
Accrued interest payable	$ 1,134	$ 2,739

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($) lease
Lessee, Lease, Description [Line Items]
Property subject to or available for operating lease, number of units | lease	13
Monthly lease payment | $	$ 75
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	2 months
Renewal term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	6 years 9 months 18 days
Renewal term	5 years

Leases - Components of Operatin

Leases - Components of Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Leases [Abstract]
Lease expense	$ 283	$ 284
ROU asset	2,415	3,194	$ 2,617
Lease liability	$ 2,598	$ 3,374
Weighted average remaining term	4 years 8 months 12 days	5 years 2 months 12 days
Weighted average discount rate	2.24%	2.23%

Leases - Maturity of Leases (De

Leases - Maturity of Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Due through one year	$ 810
Due after one year through two years	626
Due after two years through three years	318
Due after three years through four years	305
Due after four years through five years	311
Due after five years	353
Total minimum lease payments	2,723
Less: present value discount	125
Lease liability, net	$ 2,598	$ 2,806

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Stockholders' equity	$ 160,183,000	$ 159,645,000	$ 161,660,000	$ 160,360,000
Gain (loss) on hedge ineffectiveness, net	0	$ 0
Unrealized Gains (Losses) on Cash Flow Hedges
Derivative [Line Items]
Stockholders' equity	6,600,000
Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative fair value asset	8,400,000
Minimum
Derivative [Line Items]
National amount	$ 10,000,000
Term of contract	2 years
Maximum
Derivative [Line Items]
National amount	$ 15,000,000
Term of contract	8 years
Cash Flow Hedging
Derivative [Line Items]
National amount	$ 115,000,000
Fixed interest rate	1.87%
Derivative fair value asset	$ 8,376,000		$ 7,565,000
Cash Flow Hedging | Forward Contracts
Derivative [Line Items]
Weighted average remaining term of contract	2 years 8 months 12 days
Cash Flow Hedging | Minimum | Forward Contracts
Derivative [Line Items]
Term of contract	5 months
Cash Flow Hedging | Maximum | Forward Contracts
Derivative [Line Items]
Term of contract	5 years 6 months

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash Flow Hedging
Derivative [Line Items]
Derivative fair value asset	$ 8,376	$ 7,565

Derivatives - Derivative Instru

Derivatives - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps on FHLB debt designated as a cash flow hedge	$ 641	$ (1,224)

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 102,000	$ 128,000
Tax benefit from compensation expense	$ 21,000	$ 27,000
Cost not yet recognized, period of recognition	3 years 3 months 18 days
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
Available for grant (shares)	833,252
Expiration period	10 years
Shares issued (in shares)	0
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
Available for grant (shares)	136,626
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)	122,500
Compensation cost not yet recognized	$ 96,582
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	$ 240,000
Compensation cost not yet recognized, weighted average vesting period	11 months

Stock-Based Compensation Disclo

Stock-Based Compensation Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Shares
Outstanding Beginning Balance (in shares) | shares	162,500
Exercised (in shares) | shares	0
Outstanding Ending Balance (in shares) | shares	162,500
Grants in period | shares	0
Exercisable at end of period (in shares) | shares	122,500
Weighted-Average Exercise Price
Outstanding Beginning Balance (in dollars per share)	$ 11.65
Exercised (in dollars per share)	0
Outstanding Ending Balance (in dollars per share)	$ 11.65
Exercisable at end of period, Weighted Average Exercise Price (in dollars per share)	11.52
Weighted-Average Remaining Contractual Term in Years
Outstanding Ending Balance (in years)	2 years 10 months 24 days
Exercisable at end of period, Weighted Average Remaining Contractual Term in Years	9 months 18 days
Aggregate Intrinsic Value
Outstanding Beginning Balance | $	$ 296,775
Exercised | $	0
Outstanding Ending Balance | $	1,447,225
Exercisable at end of period, Aggregate Intrinsic Value | $	$ 1,107,225
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 3.98
Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	0
Nonvested Endingg Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	3.98
Exercisable at end of period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.30
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
Shares
Expected to Vest (in shares) | shares	161,300
Weighted-Average Exercise Price
Expected to Vest, Weighted Average Exercise Price (in dollars per share)	$ 11.65
Weighted-Average Remaining Contractual Term in Years
Remaining weighted average vesting period	2 years 10 months 6 days
Aggregate Intrinsic Value
Expected to Vest, Aggregate Intrinsic Value | $	$ 1,437,025
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 3.99

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
	Mar. 31, 2024 $ / shares shares
Shares
Nonvested Beginning Balance (in shares) | shares	27,618
Granted (in shares) | shares	7,673
Vested (in shares) | shares	(27,618)
Nonvested Ending Balance (in shares) | shares	7,673
Weighted-Average Grant Date Fair Value
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 14.92
Granted (in dollars per share) | $ / shares	20.68
Vested (in dollars per share) | $ / shares	14.92
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 20.68
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	7,443
Weighted-Average Grant Date Fair Value
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 20.68
Forfeiture rate, percent	3%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period	$ (7,673)	$ (7,214)
Other comprehensive (loss) income before reclassifications	955	(1,275)
Net other comprehensive (loss) income	955	(1,275)
Accumulated other comprehensive income (loss), net of tax, end of period	(6,718)	(8,489)
Unrealized Gains (Losses) on Available-for-Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period	(13,649)	(15,497)
Other comprehensive (loss) income before reclassifications	314	(51)
Net other comprehensive (loss) income	314	(51)
Accumulated other comprehensive income (loss), net of tax, end of period	(13,335)	(15,548)
Unrealized Gains (Losses) on Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period	5,976	8,283
Other comprehensive (loss) income before reclassifications	641	(1,224)
Net other comprehensive (loss) income	641	(1,224)
Accumulated other comprehensive income (loss), net of tax, end of period	$ 6,617	$ 7,059

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net (loss) income	$ (1,076)	$ 2,122
Less: Earnings allocated to participating securities	1	(6)
(Loss) earnings allocated to common shareholders	$ (1,075)	$ 2,116
Basic weighted average common shares outstanding (in shares)	9,159,339	9,104,371
Dilutive stock options (in shares)	0	51,350
Dilutive restricted stock grants (in shares)	0	17,555
Diluted weighted average common shares outstanding (in shares)	9,159,339	9,173,276
Basic earnings per share (in dollars per share)	$ (0.12)	$ 0.23
Diluted earnings per share (in dollars per share)	$ (0.12)	$ 0.23

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock Options
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	62,200	0
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	62,200	0
Restricted Stock
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	25,600	0
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	25,600	0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 787	$ 665
BOLI income
Disaggregation of Revenue [Line Items]
Revenue	351	308
Wealth management revenue
Disaggregation of Revenue [Line Items]
Revenue	95	45
Deposit related fees
Disaggregation of Revenue [Line Items]
Revenue	78	72
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue	143	151
Loan related fees
Disaggregation of Revenue [Line Items]
Revenue	58	91
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 62	$ (2)

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Contract liability	$ 0
Performance Obligation	$ 0