First Financial Northwest (FFNW) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 06, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		9,179,825
Document Fiscal Period Focus	Q2
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	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash on hand and in banks	$ 10,811	$ 8,391
Interest-earning deposits with banks	48,173	22,138
Investments available-for-sale, at fair value (amortized cost of $175,625 at June 30, 2024 and $223,725 at December 31, 2023)	160,693	207,915
Investments held-to-maturity, at amortized cost (estimated fair values of $2,456 at June 30, 2024 and December 31, 2023)	2,456	2,456
Loans receivable, net of allowance of $14,796, and $15,306	1,135,067	1,175,925
Federal Home Loan Bank ("FHLB") stock, at cost	8,823	6,527
Accrued interest receivable	6,632	7,359
Deferred tax assets, net	2,360	2,648
Premises and equipment, net	19,007	19,667
Bank owned life insurance ("BOLI"), net	38,368	37,653
Prepaid expenses and other assets	11,447	10,478
Right of use (“ROU”) asset, net	2,670	2,617
Goodwill	889	889
Core deposit intangible, net	357	419
Total assets	1,447,753	1,505,082
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	99,842	100,899
Interest-bearing deposits	988,332	1,093,208
Total deposits	1,088,174	1,194,107
FHLB advances	176,000	125,000
Advance payments from borrowers for taxes and insurance	2,764	2,952
Lease liability, net	2,866	2,806
Accrued interest payable	1,117	2,739
Other liabilities	16,139	15,818
Total liabilities	1,287,060	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 9,179,825 shares at June 30, 2024, and 9,179,510 shares at December 31, 2023	92	92
Additional paid-in capital	72,953	73,035
Retained earnings	94,300	96,206
Accumulated other comprehensive loss, net of tax	(6,652)	(7,673)
Total stockholders' equity	160,693	161,660
Total liabilities and stockholders' equity	$ 1,447,753	$ 1,505,082

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Available for sale debt securities, amortized cost	$ 175,625	$ 223,725
Debt securities held to maturity	2,456	2,456
Loans receivable, allowance	$ 14,796	$ 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)	9,179,825	9,179,510
Common stock shares outstanding (in shares)	9,179,825	9,179,510

Consolidated Income Statements

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income
Loans, including fees	$ 16,805	$ 16,849	$ 33,772	$ 32,878
Investment securities	1,886	2,108	3,950	4,212
Interest-earning deposits with banks	482	620	968	856
Dividends on FHLB stock	144	120	270	251
Total interest income	19,317	19,697	38,960	38,197
Interest expense
Deposits	9,498	8,590	19,414	14,922
FHLB advances and other borrowings	849	798	1,676	1,710
Total interest expense	10,347	9,388	21,090	16,632
Net interest income	8,970	10,309	17,870	21,565
(Recapture of provision) provision for credit losses	(200)	(247)	(375)	91
Net interest income after (recapture of provision) provision for credit losses	9,170	10,556	18,245	21,474
Noninterest income
BOLI income	310	274	661	582
Wealth management revenue, net	54	95	149	140
Deposit related fees	240	252	462	475
Loan related fees	97	44	155	136
Other (expense) income, net	(28)	133	34	130
Total noninterest income	673	798	1,461	1,463
Noninterest expense
Salaries and employee benefits	3,817	5,064	10,580	10,525
Occupancy and equipment	1,225	1,160	2,451	2,325
Professional fees	749	887	2,049	1,304
Data processing	856	711	1,642	1,397
Regulatory assessments	170	267	337	368
Insurance and bond premiums	118	115	250	245
Marketing	47	98	110	175
Other general and administrative	959	1,202	1,853	2,120
Total noninterest expense	7,941	9,504	19,272	18,459
Income before federal income tax provision (benefit)	1,902	1,850	434	4,478
Federal income tax provision (benefit)	347	362	(46)	868
Net income	$ 1,555	$ 1,488	$ 480	$ 3,610
Earnings per common share
Basic earnings per share (in dollars per share)	$ 0.17	$ 0.16	$ 0.05	$ 0.39
Diluted earnings per share (in dollars per share)	$ 0.17	$ 0.16	$ 0.05	$ 0.39
Weighted average number of common shares outstanding
Basic shares outstanding (in shares)	9,168,414	9,120,468	9,162,194	9,112,464
Diluted shares outstanding (in shares)	9,235,446	9,124,227	9,234,813	9,147,721

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,555	$ 1,488	$ 480	$ 3,610
Other comprehensive gain (loss), before tax:
Unrealized holding gains (losses) on investments available-for-sale	479	(2,723)	877	(2,787)
Tax effect	(100)	572	(184)	585
(Losses) gains on cash flow hedges	(396)	1,042	415	(507)
Tax effect	83	(219)	(87)	106
Other comprehensive gain (loss), net of tax	66	(1,328)	1,021	(2,603)
Total comprehensive income	$ 1,621	$ 160	$ 1,501	$ 1,007

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	$ (395)	$ 91	$ 72,424	$ 95,059	$ (395)	$ (7,214)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,610				3,610
Other comprehensive income (loss), net of tax	$ (2,603)						(2,603)
Issuance of common stock - restricted stock awards, net (in shares)	27,618
Issuance of common stock - restricted stock awards, net	$ 1		1	0
Compensation related to stock options and restricted stock awards	$ 227			227
Canceled common stock - restricted stock awards (in shares)	(7,127)
Canceled common stock - restricted stock awards	$ (107)			(107)
Cash dividend declared and paid	$ (2,378)				(2,378)
Balances at end of period (in shares) at Jun. 30, 2023	9,148,086
Balances at end of period at Jun. 30, 2023	$ 158,715	(395)	92	72,544	95,896		(9,817)
Balances at beginning of period (in shares) at Mar. 31, 2023	9,148,086
Balances at beginning of period at Mar. 31, 2023	$ 159,645		92	72,445	95,597		(8,489)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,488				1,488
Other comprehensive income (loss), net of tax	(1,328)						(1,328)
Compensation related to stock options and restricted stock awards	99			99
Cash dividend declared and paid	$ (1,189)				(1,189)
Balances at end of period (in shares) at Jun. 30, 2023	9,148,086
Balances at end of period at Jun. 30, 2023	$ 158,715	(395)	92	72,544	95,896		(9,817)
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 income	480				480
Other comprehensive income (loss), net of tax	$ 1,021						1,021
Exercise of stock options (in shares)	7,500
Exercise of stock options	$ 81			81
Issuance of common stock - restricted stock awards, net (in shares)	7,673
Issuance of common stock - restricted stock awards, net	$ 0		0	0
Compensation related to stock options and restricted stock awards	$ 148			148
Canceled common stock - restricted stock awards (in shares)	(14,858)
Canceled common stock - restricted stock awards	$ (311)			(311)
Cash dividend declared and paid	$ (2,386)				(2,386)
Balances at end of period (in shares) at Jun. 30, 2024	9,179,825
Balances at end of period at Jun. 30, 2024	$ 160,693		92	72,953	94,300		(6,652)
Balances at beginning of period (in shares) at Mar. 31, 2024	9,174,425
Balances at beginning of period at Mar. 31, 2024	$ 160,183		92	72,871	93,938		(6,718)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,555				1,555
Other comprehensive income (loss), net of tax	$ 66						66
Exercise of stock options (in shares)	7,500
Exercise of stock options	$ 81			81
Compensation related to stock options and restricted stock awards	$ 45			45
Canceled common stock - restricted stock awards (in shares)	(2,100)
Canceled common stock - restricted stock awards	$ (44)			(44)
Cash dividend declared and paid	$ (1,193)				(1,193)
Balances at end of period (in shares) at Jun. 30, 2024	9,179,825
Balances at end of period at Jun. 30, 2024	$ 160,693		$ 92	$ 72,953	$ 94,300		$ (6,652)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024
Statement of Stockholders' Equity [Abstract]
Dividends (usd per share)	$ 0.13	$ 0.13	$ 0.26

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 480	$ 3,610
Adjustments to reconcile net income to net cash (used) provided by operating activities:
(Recapture of provision) provision for credit losses	(375)	91
Net amortization of premiums and discounts on investments	322	268
Depreciation of premises and equipment	990	1,022
Loss on disposal of premises and equipment	0	2
Deferred federal income taxes	17	118
Stock compensation expense	148	227
BOLI income	(661)	(582)
Annuity income	(6)	(6)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(492)	(1,015)
ROU asset	389	365
Advance payments from borrowers for taxes and insurance	(188)	(527)
Accrued interest receivable	727	(177)
Lease liability	(382)	(349)
Accrued interest payable	(1,622)	1,717
Other liabilities	327	(4,250)
Net cash (used) provided by operating activities	(326)	514
Cash flows from investing activities:
Proceeds from maturities of investments available-for-sale	40,000	0
Principal repayments on investments available-for-sale	7,777	5,796
Net decrease (increase) in loans receivable	41,233	(5,233)
(Purchase) redemption of FHLB stock	(2,296)	909
Purchase of premises and equipment	(330)	(115)
Purchase of BOLI	(54)	(54)
Net cash provided by investing activities	86,330	1,303
Cash flows from financing activities:
Net (decrease) increase in deposits	(105,933)	54,924
Advances from the FHLB	104,000	131,000
Repayments of advances from the FHLB	(53,000)	(156,000)
Proceeds from stock options exercised	81	0
Net share settlement of stock awards	(311)	(106)
Dividends paid	(2,386)	(2,378)
Net cash (used) provided by financing activities	(57,549)	27,440
Cash and cash equivalents:
Net decrease in cash and cash equivalents	28,455	29,257
Cash and cash equivalents at beginning of period	30,529	24,320
Cash and cash equivalents at end of period	58,984	53,577
Cash paid during the period for:
Interest paid	22,712	14,915
Federal income taxes paid	635	1,820
Noncash items:
Change in unrealized gain (loss) on investments available-for-sale	877	(2,787)
Change in unrealized gain (loss) on cash flow hedges	415	(507)
Initial recognition of ROU asset	442	108
Initial recognition of lease liability	442	108
Stockholders' equity	$ (160,693)	(158,715)
Cumulative Effect, Period of Adoption, Adjustment
Noncash items:
Stockholders' equity		$ 395

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 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 June 30, 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, 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. On July 19, 2024, the Company received its shareholders’ approval for the asset sale, as well as the proposal to voluntarily dissolve the Company and distribute its net assets following the completion of the asset sale. The Bank previously received required regulatory approval from the Washington State Department of Financial Institutions in connection with the asset sale and Bank liquidation, but consummation of the asset sale remains subject to the required regulatory approvals from the Federal Deposit Insurance Corporation (“FDIC”) and the National Credit Union Administration (“NCUA”), which have not been obtained. The Bank cannot provide any assurance as to whether the Bank or Global will obtain the required final regulatory approvals from the FDIC and the NCUA, when such approvals will be received, or whether there will be any conditions in such approvals that are unacceptably burdensome to the Bank or Global. As used throughout this report, the terms “we,” “our,” “us,” or the “Company” refer to First Financial Northwest, Inc. and its consolidated subsidiary First Financial Northwest Bank, unless the context otherwise requires.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 expands disclosure requirements for significant segment expenses under Topic 280. The amendments require public entities to disclose significant expense categories for each reporting segment, other segment items, the title and position of the chief operating decision maker (“CODM”), and interim disclosures of certain segment-related information previously required only on an annual basis. The amendments clarify that entities reporting single segments must disclose both the new and existing segment disclosures under Topic 280, and a public entity is permitted to disclose multiple measures of segment profit or loss if certain criteria are met. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2023, and interim periods for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company does not expect this standard to have a material impact on the financial condition or results of operations but is currently assessing the impact of additional disclosures to the consolidated financial statements. In December 2023, FASB issued 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	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Investments	Investments Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2024 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,452 $ — $ (1,683) $ 9,769 Freddie Mac 11,877 — (1,623) 10,254 Ginnie Mae 27,232 115 (1,396) 25,951 Other 28,090 — (1,167) 26,923 Municipal bonds 36,370 6 (5,249) 31,127 U.S. Government agencies 27,604 21 (566) 27,059 Corporate bonds 33,000 — (3,390) 29,610 Total $ 175,625 $ 142 $ (15,074) $ 160,693 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 June 30, 2024 and December 31, 2023. There were $2.5 million of investments classified as held-to-maturity at both June 30, 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: June 30, 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 $ — $ — $ 9,769 $ (1,683) $ 9,769 $ (1,683) Freddie Mac — — 10,254 (1,623) 10,254 (1,623) Ginnie Mae — — 14,393 (1,396) 14,393 (1,396) Other 2,867 (19) 24,055 (1,148) 26,922 (1,167) Municipal bonds 2,018 (12) 28,732 (5,237) 30,750 (5,249) U.S. Government agencies 1,335 (1) 21,203 (565) 22,538 (566) Corporate bonds — — 29,610 (3,390) 29,610 (3,390) Total $ 6,220 $ (32) $ 138,016 $ (15,042) $ 144,236 $ (15,074) 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 106 and 113 of these securities in an unrealized loss position for 12 months or more, at June 30, 2024 and December 31, 2023, respectively. Management does not believe that the unrealized losses at June 30, 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 and six months ended June 30, 2024. The amortized cost and estimated fair value of investments available-for-sale at June 30, 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. June 30, 2024 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 11,043 10,330 Due after five years through ten years 34,916 31,168 Due after ten years 51,015 46,298 96,974 87,796 Mortgage-backed investments 78,651 72,897 Total $ 175,625 $ 160,693 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, 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 $29.2 million and $26.5 million were pledged as collateral for public deposits at June 30, 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	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 (In thousands) One-to-four family residential: Permanent owner occupied $ 283,516 $ 284,471 Permanent non-owner occupied 225,423 228,752 508,939 513,223 Multifamily 134,302 138,149 Commercial real estate 365,480 377,859 Construction/land: One-to-four family residential 39,908 47,149 Multifamily 6,078 4,004 Land 9,800 9,771 55,786 60,924 Business 15,063 29,081 Consumer 70,293 71,995 Total loans receivable, gross 1,149,863 1,191,231 Less: ACL for loans 14,796 15,306 Total loans receivable, net $ 1,135,067 $ 1,175,925 At June 30, 2024, loans totaling $608.3 million were pledged to secure borrowings from the FHLB compared to $636.9 million at December 31, 2023. In addition, loans totaling $78.1 million and $76.1 million were pledged to the FRB to secure a line of credit at June 30, 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 June 30, 2024 and December 31, 2023, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2024 and December 31, 2023 by type and risk category: June 30, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) One-to-four family residential Pass $ 155,999 $ 68,533 $ 98,409 $ 50,709 $ 43,107 $ 91,098 $ 507,855 Watch — — — — — 678 678 Special mention — — — — — 384 384 Substandard — — — — — 22 22 Total one-to-four family residential $ 155,999 $ 68,533 $ 98,409 $ 50,709 $ 43,107 $ 92,182 $ 508,939 Current year-to-date (“YTD”) gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 427 $ 3,314 $ 8,206 $ 19,863 $ 42,795 $ 48,315 $ 122,920 Watch — — — — — 9,812 9,812 Substandard — — — — — 1,570 1,570 Total multifamily $ 427 $ 3,314 $ 8,206 $ 19,863 $ 42,795 $ 59,697 $ 134,302 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 4,099 $ 19,882 $ 34,671 $ 74,681 $ 77,211 $ 105,716 $ 316,260 Watch — — — — — 12,611 12,611 Special mention — — — — — — — Substandard — — — 4,082 526 32,001 36,609 Total commercial real estate $ 4,099 $ 19,882 $ 34,671 $ 78,763 $ 77,737 $ 150,328 $ 365,480 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) June 30, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) Construction/land Pass $ 13,540 $ 25,746 $ 8,625 $ 7,875 $ — $ — $ 55,786 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 13,540 $ 25,746 $ 8,625 $ 7,875 $ — $ — $ 55,786 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 85 $ 1,610 $ 3,988 $ 344 $ 1,045 $ 7,991 $ 15,063 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 85 $ 1,610 $ 3,988 $ 344 $ 1,045 $ 7,991 $ 15,063 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 6,897 $ 19,615 $ 21,207 $ 8,924 $ 5,466 $ 7,559 $ 69,668 Watch — — 25 — — — 25 Special mention — — — — — — — Substandard — 47 352 201 — — 600 Total consumer $ 6,897 $ 19,662 $ 21,584 $ 9,125 $ 5,466 $ 7,559 $ 70,293 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 Total loans receivable, gross Pass $ 181,047 $ 138,700 $ 175,106 $ 162,396 $ 169,624 $ 260,679 $ 1,087,552 Watch — — 25 — — 23,101 23,126 Special mention — — — — — 384 384 Substandard — 47 352 4,283 526 33,593 38,801 Total loans $ 181,047 $ 138,747 $ 175,483 $ 166,679 $ 170,150 $ 317,757 $ 1,149,863 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. Activity in the ACL for loans and the allowance for unfunded commitments was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2024 ACL - loans: Beginning balance $ 14,996 $ 15,306 Charge-offs — (10) Recapture of provision for credit losses (200) (500) Ending balance $ 14,796 $ 14,796 Allowance for unfunded commitments: Beginning balance $ 564 $ 439 Provision for credit losses — 125 Ending balance $ 564 $ 564 (Recapture of provision) provision for credit losses Loans $ (200) $ (500) Unfunded commitments — 125 Total $ (200) $ (375) The following tables detail activity in the ACL on loans at or for the three and six months ended June 30, 2024 and June 30, 2023, by loan category: At or For the Three Months Ended June 30, 2024 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,618 $ 1,531 $ 3,816 $ 1,854 $ 273 $ 1,904 $ 14,996 Charge-offs — — — — — — — Provision (recapture of provision) 82 22 (204) 14 (63) (51) (200) Ending balance $ 5,700 $ 1,553 $ 3,612 $ 1,868 $ 210 $ 1,853 $ 14,796 At or For the Six Months Ended June 30, 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 (47) 44 (283) 12 (177) (49) (500) Ending balance $ 5,700 $ 1,553 $ 3,612 $ 1,868 $ 210 $ 1,853 $ 14,796 At or For the Three Months Ended June 30, 2023 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,611 $ 1,607 $ 4,496 $ 1,793 $ 413 $ 2,108 $ 16,028 Charge-offs — — — — — (22) (22) Recoveries — — — — — — — Recapture of provision (37) (25) (129) (129) (66) (14) (400) Ending balance $ 5,574 $ 1,582 $ 4,367 $ 1,664 $ 347 $ 2,072 $ 15,606 At or For the Six Months Ended June 30, 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 Charge-offs — — — — — (22) (22) Recoveries 1 — — — — — 1 Provision (recapture) 10 289 (60) (461) (91) 213 (100) Ending balance $ 5,574 $ 1,582 $ 4,367 $ 1,664 $ 347 $ 2,072 $ 15,606 Past Due Loans. Loans are considered past due if a scheduled principal or interest payment is due and unpaid for 30 days or more. At June 30, 2024, loans past due were $6.7 million, representing 0.58% 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 June 30, 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 $ 35 $ 262 $ — $ 297 $ 283,219 $ 283,516 Non-owner occupied — — 21 21 225,402 225,423 Multifamily — — — — 134,302 134,302 Commercial real estate 1,296 4,082 — 5,378 360,102 365,480 Construction/land — — — — 55,786 55,786 Total real estate 1,331 4,344 21 5,696 1,058,811 1,064,507 Business — — — — 15,063 15,063 Consumer 374 — 601 975 69,318 70,293 Total loans $ 1,705 $ 4,344 $ 622 $ 6,671 $ 1,143,192 $ 1,149,863 ________________ (1) There were no loans 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 $4.7 million at June 30, 2024 and $220,000 at December 31, 2023 . The following tables present a summary of loans individually evaluated for credit losses at June 30, 2024 and December 31, 2023, by type of loan. At June 30, 2024, the Company had no allowance for individually evaluated loans, primarily due to their collateral values being higher than the loan balances. June 30, 2024 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: Multifamily $ 1,570 $ 1,570 $ — Commercial real estate 36,609 36,697 — Total $ 38,179 $ 38,267 $ — ________________ (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 June 30, 2024: June 30, 2024 Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual 90 Days or More Past Due and Still Accruing (In thousands) One-to-four family residential $ — $ 21 $ 21 $ — Commercial real estate 4,082 — 4,082 — Consumer — 601 601 — Total $ 4,082 4082000 $ 622 $ 4,704 $ — Loan Modifications to Borrowers Experiencing Financial Difficulty.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets Included	6 Months Ended
	Jun. 30, 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 $572,000 at June 30, 2024. During the six months ended June 30, 2024, we contributed $50,000 to the Fund and recognized gains of $9,300. During the six months ended June 30, 2023, we contributed $150,000 to the Fund and recognized gains of $111,000. 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. Six capital calls totaling $520,000 have been made since the Company’s initial investment in the Fund on August 15, 2022.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 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 $ 9,769 $ — $ 9,769 $ — Freddie Mac 10,254 — 10,254 — Ginnie Mae 25,951 — 25,951 — Other 26,923 — 26,923 — Municipal bonds 31,127 — 31,127 — U.S. Government agencies 27,059 — 27,059 — Corporate bonds 29,610 — 29,610 — Total available-for-sale investments 160,693 — 160,693 — Derivative fair value asset 7,980 — 7,980 — Total $ 168,673 $ — $ 168,673 $ — 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 June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 2024 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 38,179 $ — $ — $ 38,179 Total $ 38,179 $ — $ — $ 38,179 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 June 30, 2024 and December 31, 2023: June 30, 2024 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 38,179 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 13.1% (3.09%) 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: June 30, 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 $ 10,811 $ 10,811 $ 10,811 $ — $ — Interest-earning deposits with banks 48,173 48,173 48,173 — — Investments available-for-sale 160,693 160,693 160,693 — Investments held-to-maturity 2,456 2,456 — 2,456 — Loans receivable, net 1,135,067 1,072,935 — — 1,072,935 FHLB stock 8,823 8,823 — 8,823 — Accrued interest receivable 6,632 6,632 — 6,632 — Derivative fair value asset 7,980 7,980 — 7,980 — Financial Liabilities: Deposits 671,643 671,643 671,643 — — Certificates of deposit, retail 365,527 362,070 — 362,070 — Brokered deposits 51,004 51,027 — 51,027 — Advances from the FHLB 176,000 175,999 — 175,999 — Accrued interest payable 1,117 1,117 — 1,117 — 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	6 Months Ended
	Jun. 30, 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 June 30, 2024, the Company had 13 operating leases for retail branch locations. The remaining lease terms range from eight months to 6.6 years, with most leases carrying optional extensions of three The minimum monthly lease payments are generally based on square footage of the leased premises, with escalating minimum rent over the lease term. At June 30, 2024, the Company was committed to paying $76,000 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 June 30, 2024 June 30, 2023 (Dollars in thousands) Lease expense, quarter-to-date $ 290 $ 298 Lease expense, year-to-date 573 583 ROU asset 2,670 3,018 Lease liability 2,866 3,213 Weighted average remaining term 4.6 years 5.1 years Weighted average discount rate 2.50 % 2.23 % The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2024 and the discounted lease liability at that date: June 30, 2024 (In thousands) Due through one year $ 891 Due after one year through two years 654 Due after two years through three years 428 Due after three years through four years 385 Due after four years through five years 392 Due after five years 283 Total minimum lease payments 3,033 Less: present value discount 167 Lease liability $ 2,866

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 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 June 30, 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 a duration between 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 June 30, 2024, an $8.0 million net fair value gain of the cash flow hedges was reported in other assets on the Company’s Consolidated Balance Sheet. The tax effected amount of $6.3 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 and six months ended June 30, 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 June 30, 2024 and December 31, 2023: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets $ 7,980 $ 7,565 The following table presents the net unrealized gains and losses, net of tax, from these derivative instruments included on the Company’s Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ (313) $ 823 $ 328 $ (401)

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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 provisions of the 2008 Plan and the respective award agreements. At June 30, 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 June 30, 2024 and 2023, total compensation expense for awards granted under the 2016 Plan was $45,000 and $99,000, respectively, and the related income tax benefit was $9,000 and $21,000, respectively. For the six months ended June 30, 2024 and 2023, total compensation expense for awards granted under the 2016 Plan was $148,000 and $227,000, respectively, and the related income tax benefit was $31,000 and $48,000, respectively. Stock Options Under the 2008 Plan, stock option awards were granted with an exercise price equal to the market price of First Financial Northwest’s common stock at the grant date. These option awards have a vesting period of five 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 June 30, 2024, there were 115,000 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 2016 Plan for the six months ended June 30, 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 and six months ended June 30, 2024 are summarized as follows: For the Three Months Ended June 30, 2024 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2024 162,500 $ 11.65 $ 1,468,350 $ 3.98 Exercised (7,500) 10.77 77,175 4.16 Outstanding at June 30, 2024 155,000 11.70 2.78 1,462,150 3.97 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 153,800 11.69 2.73 1,451,266 3.98 Exercisable at June 30, 2024 115,000 11.57 0.58 1,099,350 4.31 For the Six Months Ended June 30, 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 (7,500) 10.77 77,175 4.16 Outstanding at June 30, 2024 155,000 11.70 2.78 1,462,150 3.97 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 153,800 11.69 2.73 1,451,266 3.98 Exercisable at June 30, 2024 115,000 11.57 0.58 1,099,350 4.31 As of June 30, 2024, there was $89,000 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 3.1 years. 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 and six months ended June 30, 2024, are summarized as follows: For the Three Months Ended June 30, 2024 Shares Weighted-Average Nonvested at April 1, 2024 7,673 $ 20.68 Granted — — Vested — — Nonvested at June 30, 2024 7,673 20.68 Expected to vest assuming a 3% forfeiture rate over the vesting term 7,443 20.68 For the Six Months Ended June 30, 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 June 30, 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2024 and 2023. Unrealized (Losses) Gains on Available-for-Sale Securities Unrealized Gains (Losses) on Cash Flow Hedges Total (In thousands) Balance March 31, 2023 $ (15,548) $ 7,059 $ (8,489) Other comprehensive (loss) income before reclassifications (2,151) 823 (1,328) Net other comprehensive (loss) income (2,151) 823 (1,328) Balance June 30, 2023 $ (17,699) $ 7,882 $ (9,817) Balance December 31, 2022 $ (15,497) $ 8,283 $ (7,214) Other comprehensive loss before reclassifications (2,202) (401) (2,603) Net other comprehensive loss (2,202) (401) (2,603) Balance June 30, 2023 $ (17,699) $ 7,882 $ (9,817) Balance March 31, 2024 $ (13,335) $ 6,617 $ (6,718) Other comprehensive income (loss) before reclassifications 379 (313) 66 Net other comprehensive income (loss) 379 (313) 66 Balance June 30, 2024 $ (12,956) $ 6,304 $ (6,652) Balance December 31, 2023 $ (13,649) $ 5,976 $ (7,673) Other comprehensive income before reclassifications 693 328 1,021 Net other comprehensive income 693 328 1,021 Balance June 30, 2024 $ (12,956) $ 6,304 $ (6,652)

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars in thousands, except per share data) Net income $ 1,555 $ 1,488 $ 480 $ 3,610 Less: Earnings allocated to participating securities (1) (4) — (11) Earnings allocated to common shareholders $ 1,554 $ 1,484 $ 480 $ 3,599 Basic weighted average common shares outstanding 9,168,414 9,120,468 9,162,194 9,112,464 Dilutive stock options 65,515 3,759 63,957 28,412 Dilutive restricted stock grants 1,517 — 8,662 6,845 Diluted weighted average common shares outstanding 9,235,446 9,124,227 9,234,813 9,147,721 Basic earnings per share $ 0.17 $ 0.16 $ 0.05 $ 0.39 Diluted earnings per share $ 0.17 $ 0.16 $ 0.05 $ 0.39 Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. For both the three and six months ended June 30, 2024, there were no options to purchase shares of common stock and no restricted stock award (“RSA”) shares that were omitted from the computation of diluted earnings per share because their effect would be anti-dilutive. For the three months ended June 30, 2023, there were 40,000 options to purchase shares of common stock and 27,618 RSA shares, respectively, that were omitted from the computation of diluted earnings per share because their effect would be anti-dilutive. For the six months ended June 30, 2023, there were 40,000 options to purchase shares of common stock and no RSA shares that were omitted from the computation of diluted earnings per share because their effect would be anti-dilutive.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 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 income for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (In thousands) BOLI change in cash surrender value (1) $ 310 $ 274 $ 661 $ 582 Wealth management revenue 54 95 149 140 Deposit related fees 91 89 170 161 Debit card and ATM fees 149 163 292 314 Loan related fees 97 44 155 136 Other (28) 133 34 130 Total noninterest income $ 673 $ 798 $ 1,461 $ 1,463 _______________ (1) Not within scope of Topic 606 For both the three and six months ended June 30, 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

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 31, 2024, a $4.1 million commercial real estate loan that had been reported as nonaccrual as of June 30, 2024, has been paid off and the Bank did not incur any loss related to this credit. During the quarter ended March 31, 2024, we reported that our first quarter results were impacted by the purchase of a single premium group annuity to satisfy the Company’s obligation to current and former employees covered by a legacy defined benefit plan. The plan was frozen on March 31, 2013, however the liability continued for all vested participants. Extinguishing this liability at a cost of $1.2 million was a strategic move that we considered to be an appropriate use of capital in light of the elevated interest rate environment at that time. Subsequently, we were notified that Pentegra, the provider of the plan will be issuing a refund to us of $400,000 based on its updated analysis of the current and former employees entitled to payments under the plan.

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07 expands disclosure requirements for significant segment expenses under Topic 280. The amendments require public entities to disclose significant expense categories for each reporting segment, other segment items, the title and position of the chief operating decision maker (“CODM”), and interim disclosures of certain segment-related information previously required only on an annual basis. The amendments clarify that entities reporting single segments must disclose both the new and existing segment disclosures under Topic 280, and a public entity is permitted to disclose multiple measures of segment profit or loss if certain criteria are met. This update will be effective for financial statements issued for fiscal years beginning after December 15, 2023, and interim periods for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company does not expect this standard to have a material impact on the financial condition or results of operations but is currently assessing the impact of additional disclosures to the consolidated financial statements. In December 2023, FASB issued 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)	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Available-for-sale Securities	Investments available-for-sale are summarized as follows at the dates indicated: June 30, 2024 Amortized Gross Gross Fair Value (In thousands) Mortgage-backed investments: Fannie Mae $ 11,452 $ — $ (1,683) $ 9,769 Freddie Mac 11,877 — (1,623) 10,254 Ginnie Mae 27,232 115 (1,396) 25,951 Other 28,090 — (1,167) 26,923 Municipal bonds 36,370 6 (5,249) 31,127 U.S. Government agencies 27,604 21 (566) 27,059 Corporate bonds 33,000 — (3,390) 29,610 Total $ 175,625 $ 142 $ (15,074) $ 160,693 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: June 30, 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 $ — $ — $ 9,769 $ (1,683) $ 9,769 $ (1,683) Freddie Mac — — 10,254 (1,623) 10,254 (1,623) Ginnie Mae — — 14,393 (1,396) 14,393 (1,396) Other 2,867 (19) 24,055 (1,148) 26,922 (1,167) Municipal bonds 2,018 (12) 28,732 (5,237) 30,750 (5,249) U.S. Government agencies 1,335 (1) 21,203 (565) 22,538 (566) Corporate bonds — — 29,610 (3,390) 29,610 (3,390) Total $ 6,220 $ (32) $ 138,016 $ (15,042) $ 144,236 $ (15,074) 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 June 30, 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. June 30, 2024 Amortized Cost Fair Value (In thousands) Due within one year $ — $ — Due after one year through five years 11,043 10,330 Due after five years through ten years 34,916 31,168 Due after ten years 51,015 46,298 96,974 87,796 Mortgage-backed investments 78,651 72,897 Total $ 175,625 $ 160,693

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Loans receivable are summarized as follows at the dates indicated: June 30, 2024 December 31, 2023 (In thousands) One-to-four family residential: Permanent owner occupied $ 283,516 $ 284,471 Permanent non-owner occupied 225,423 228,752 508,939 513,223 Multifamily 134,302 138,149 Commercial real estate 365,480 377,859 Construction/land: One-to-four family residential 39,908 47,149 Multifamily 6,078 4,004 Land 9,800 9,771 55,786 60,924 Business 15,063 29,081 Consumer 70,293 71,995 Total loans receivable, gross 1,149,863 1,191,231 Less: ACL for loans 14,796 15,306 Total loans receivable, net $ 1,135,067 $ 1,175,925
Financing Receivables, Summary of Loans by Type and Risk Category	As of June 30, 2024 and December 31, 2023, the Company had no loans rated as doubtful or loss. The following tables represent a summary of loans at June 30, 2024 and December 31, 2023 by type and risk category: June 30, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) One-to-four family residential Pass $ 155,999 $ 68,533 $ 98,409 $ 50,709 $ 43,107 $ 91,098 $ 507,855 Watch — — — — — 678 678 Special mention — — — — — 384 384 Substandard — — — — — 22 22 Total one-to-four family residential $ 155,999 $ 68,533 $ 98,409 $ 50,709 $ 43,107 $ 92,182 $ 508,939 Current year-to-date (“YTD”) gross charge-offs $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 427 $ 3,314 $ 8,206 $ 19,863 $ 42,795 $ 48,315 $ 122,920 Watch — — — — — 9,812 9,812 Substandard — — — — — 1,570 1,570 Total multifamily $ 427 $ 3,314 $ 8,206 $ 19,863 $ 42,795 $ 59,697 $ 134,302 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 4,099 $ 19,882 $ 34,671 $ 74,681 $ 77,211 $ 105,716 $ 316,260 Watch — — — — — 12,611 12,611 Special mention — — — — — — — Substandard — — — 4,082 526 32,001 36,609 Total commercial real estate $ 4,099 $ 19,882 $ 34,671 $ 78,763 $ 77,737 $ 150,328 $ 365,480 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — (Continued) June 30, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Total Loans (In thousands) Construction/land Pass $ 13,540 $ 25,746 $ 8,625 $ 7,875 $ — $ — $ 55,786 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total construction/land $ 13,540 $ 25,746 $ 8,625 $ 7,875 $ — $ — $ 55,786 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Business Pass $ 85 $ 1,610 $ 3,988 $ 344 $ 1,045 $ 7,991 $ 15,063 Watch — — — — — — — Special mention — — — — — — — Substandard — — — — — — — Total business $ 85 $ 1,610 $ 3,988 $ 344 $ 1,045 $ 7,991 $ 15,063 Current YTD gross charge-offs $ — $ — $ — $ — $ — $ — $ — Consumer Pass $ 6,897 $ 19,615 $ 21,207 $ 8,924 $ 5,466 $ 7,559 $ 69,668 Watch — — 25 — — — 25 Special mention — — — — — — — Substandard — 47 352 201 — — 600 Total consumer $ 6,897 $ 19,662 $ 21,584 $ 9,125 $ 5,466 $ 7,559 $ 70,293 Current YTD gross charge-offs $ — $ — $ 10 $ — $ — $ — $ 10 Total loans receivable, gross Pass $ 181,047 $ 138,700 $ 175,106 $ 162,396 $ 169,624 $ 260,679 $ 1,087,552 Watch — — 25 — — 23,101 23,126 Special mention — — — — — 384 384 Substandard — 47 352 4,283 526 33,593 38,801 Total loans $ 181,047 $ 138,747 $ 175,483 $ 166,679 $ 170,150 $ 317,757 $ 1,149,863 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 June 30, Six Months Ended June 30, 2024 2024 ACL - loans: Beginning balance $ 14,996 $ 15,306 Charge-offs — (10) Recapture of provision for credit losses (200) (500) Ending balance $ 14,796 $ 14,796 Allowance for unfunded commitments: Beginning balance $ 564 $ 439 Provision for credit losses — 125 Ending balance $ 564 $ 564 (Recapture of provision) provision for credit losses Loans $ (200) $ (500) Unfunded commitments — 125 Total $ (200) $ (375)
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 and six months ended June 30, 2024 and June 30, 2023, by loan category: At or For the Three Months Ended June 30, 2024 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,618 $ 1,531 $ 3,816 $ 1,854 $ 273 $ 1,904 $ 14,996 Charge-offs — — — — — — — Provision (recapture of provision) 82 22 (204) 14 (63) (51) (200) Ending balance $ 5,700 $ 1,553 $ 3,612 $ 1,868 $ 210 $ 1,853 $ 14,796 At or For the Six Months Ended June 30, 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 (47) 44 (283) 12 (177) (49) (500) Ending balance $ 5,700 $ 1,553 $ 3,612 $ 1,868 $ 210 $ 1,853 $ 14,796 At or For the Three Months Ended June 30, 2023 One-to-Four Multifamily Commercial Real Estate Construction/ Business Consumer Total (In thousands) ACL: Beginning balance $ 5,611 $ 1,607 $ 4,496 $ 1,793 $ 413 $ 2,108 $ 16,028 Charge-offs — — — — — (22) (22) Recoveries — — — — — — — Recapture of provision (37) (25) (129) (129) (66) (14) (400) Ending balance $ 5,574 $ 1,582 $ 4,367 $ 1,664 $ 347 $ 2,072 $ 15,606 At or For the Six Months Ended June 30, 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 Charge-offs — — — — — (22) (22) Recoveries 1 — — — — — 1 Provision (recapture) 10 289 (60) (461) (91) 213 (100) Ending balance $ 5,574 $ 1,582 $ 4,367 $ 1,664 $ 347 $ 2,072 $ 15,606
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 June 30, 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 $ 35 $ 262 $ — $ 297 $ 283,219 $ 283,516 Non-owner occupied — — 21 21 225,402 225,423 Multifamily — — — — 134,302 134,302 Commercial real estate 1,296 4,082 — 5,378 360,102 365,480 Construction/land — — — — 55,786 55,786 Total real estate 1,331 4,344 21 5,696 1,058,811 1,064,507 Business — — — — 15,063 15,063 Consumer 374 — 601 975 69,318 70,293 Total loans $ 1,705 $ 4,344 $ 622 $ 6,671 $ 1,143,192 $ 1,149,863 ________________ (1) There were no loans 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 June 30, 2024 and December 31, 2023, by type of loan. At June 30, 2024, the Company had no allowance for individually evaluated loans, primarily due to their collateral values being higher than the loan balances. June 30, 2024 Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance (In thousands) Loans with no related allowance: Multifamily $ 1,570 $ 1,570 $ — Commercial real estate 36,609 36,697 — Total $ 38,179 $ 38,267 $ — ________________ (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 June 30, 2024: June 30, 2024 Nonaccrual with No ACL Nonaccrual with ACL Total Nonaccrual 90 Days or More Past Due and Still Accruing (In thousands) One-to-four family residential $ — $ 21 $ 21 $ — Commercial real estate 4,082 — 4,082 — Consumer — 601 601 — Total $ 4,082 4082000 $ 622 $ 4,704 $ —

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 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 $ 9,769 $ — $ 9,769 $ — Freddie Mac 10,254 — 10,254 — Ginnie Mae 25,951 — 25,951 — Other 26,923 — 26,923 — Municipal bonds 31,127 — 31,127 — U.S. Government agencies 27,059 — 27,059 — Corporate bonds 29,610 — 29,610 — Total available-for-sale investments 160,693 — 160,693 — Derivative fair value asset 7,980 — 7,980 — Total $ 168,673 $ — $ 168,673 $ — 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 June 30, 2024 and December 31, 2023: Fair Value Measurements at June 30, 2024 Fair Value Quoted Prices in Significant Significant (In thousands) Collateral dependent loans included in loans receivable $ 38,179 $ — $ — $ 38,179 Total $ 38,179 $ — $ — $ 38,179 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 June 30, 2024 and December 31, 2023: June 30, 2024 Fair Value Valuation Technique Unobservable Input(s) Range (Weighted Average) (Dollars in thousands) Collateral dependent loans $ 38,179 Market approach Appraised value of collateral discounted by expected selling costs 0.0% - 13.1% (3.09%) 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: June 30, 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 $ 10,811 $ 10,811 $ 10,811 $ — $ — Interest-earning deposits with banks 48,173 48,173 48,173 — — Investments available-for-sale 160,693 160,693 160,693 — Investments held-to-maturity 2,456 2,456 — 2,456 — Loans receivable, net 1,135,067 1,072,935 — — 1,072,935 FHLB stock 8,823 8,823 — 8,823 — Accrued interest receivable 6,632 6,632 — 6,632 — Derivative fair value asset 7,980 7,980 — 7,980 — Financial Liabilities: Deposits 671,643 671,643 671,643 — — Certificates of deposit, retail 365,527 362,070 — 362,070 — Brokered deposits 51,004 51,027 — 51,027 — Advances from the FHLB 176,000 175,999 — 175,999 — Accrued interest payable 1,117 1,117 — 1,117 — 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)	6 Months Ended
	Jun. 30, 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 June 30, 2024 June 30, 2023 (Dollars in thousands) Lease expense, quarter-to-date $ 290 $ 298 Lease expense, year-to-date 573 583 ROU asset 2,670 3,018 Lease liability 2,866 3,213 Weighted average remaining term 4.6 years 5.1 years Weighted average discount rate 2.50 % 2.23 %
Maturity of Leases	The following table provides a reconciliation between the undiscounted minimum lease payments at June 30, 2024 and the discounted lease liability at that date: June 30, 2024 (In thousands) Due through one year $ 891 Due after one year through two years 654 Due after two years through three years 428 Due after three years through four years 385 Due after four years through five years 392 Due after five years 283 Total minimum lease payments 3,033 Less: present value discount 167 Lease liability $ 2,866

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023: Balance Sheet Location Fair Value at Fair Value at (In thousands) Interest rate swaps on FHLB debt Other Assets $ 7,980 $ 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 Company’s Consolidated Statements of Comprehensive Income at the dates indicated: Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the Amount Recognized in OCI for the (In thousands) Interest rate swaps on FHLB debt designated as a cash flow hedge $ (313) $ 823 $ 328 $ (401)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2024 are summarized as follows: For the Three Months Ended June 30, 2024 Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term in Years Aggregate Intrinsic Value Weighted-Average Grant Date Fair Value Outstanding at April 1, 2024 162,500 $ 11.65 $ 1,468,350 $ 3.98 Exercised (7,500) 10.77 77,175 4.16 Outstanding at June 30, 2024 155,000 11.70 2.78 1,462,150 3.97 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 153,800 11.69 2.73 1,451,266 3.98 Exercisable at June 30, 2024 115,000 11.57 0.58 1,099,350 4.31 For the Six Months Ended June 30, 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 (7,500) 10.77 77,175 4.16 Outstanding at June 30, 2024 155,000 11.70 2.78 1,462,150 3.97 Vested and expected to vest assuming a 3% forfeiture rate over the vesting term 153,800 11.69 2.73 1,451,266 3.98 Exercisable at June 30, 2024 115,000 11.57 0.58 1,099,350 4.31
Nonvested Restricted Stock Shares Activity	Changes in nonvested restricted stock awards for the three and six months ended June 30, 2024, are summarized as follows: For the Three Months Ended June 30, 2024 Shares Weighted-Average Nonvested at April 1, 2024 7,673 $ 20.68 Granted — — Vested — — Nonvested at June 30, 2024 7,673 20.68 Expected to vest assuming a 3% forfeiture rate over the vesting term 7,443 20.68 For the Six Months Ended June 30, 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 June 30, 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)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2024 and 2023. Unrealized (Losses) Gains on Available-for-Sale Securities Unrealized Gains (Losses) on Cash Flow Hedges Total (In thousands) Balance March 31, 2023 $ (15,548) $ 7,059 $ (8,489) Other comprehensive (loss) income before reclassifications (2,151) 823 (1,328) Net other comprehensive (loss) income (2,151) 823 (1,328) Balance June 30, 2023 $ (17,699) $ 7,882 $ (9,817) Balance December 31, 2022 $ (15,497) $ 8,283 $ (7,214) Other comprehensive loss before reclassifications (2,202) (401) (2,603) Net other comprehensive loss (2,202) (401) (2,603) Balance June 30, 2023 $ (17,699) $ 7,882 $ (9,817) Balance March 31, 2024 $ (13,335) $ 6,617 $ (6,718) Other comprehensive income (loss) before reclassifications 379 (313) 66 Net other comprehensive income (loss) 379 (313) 66 Balance June 30, 2024 $ (12,956) $ 6,304 $ (6,652) Balance December 31, 2023 $ (13,649) $ 5,976 $ (7,673) Other comprehensive income before reclassifications 693 328 1,021 Net other comprehensive income 693 328 1,021 Balance June 30, 2024 $ (12,956) $ 6,304 $ (6,652)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars in thousands, except per share data) Net income $ 1,555 $ 1,488 $ 480 $ 3,610 Less: Earnings allocated to participating securities (1) (4) — (11) Earnings allocated to common shareholders $ 1,554 $ 1,484 $ 480 $ 3,599 Basic weighted average common shares outstanding 9,168,414 9,120,468 9,162,194 9,112,464 Dilutive stock options 65,515 3,759 63,957 28,412 Dilutive restricted stock grants 1,517 — 8,662 6,845 Diluted weighted average common shares outstanding 9,235,446 9,124,227 9,234,813 9,147,721 Basic earnings per share $ 0.17 $ 0.16 $ 0.05 $ 0.39 Diluted earnings per share $ 0.17 $ 0.16 $ 0.05 $ 0.39

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table includes the Company’s noninterest income disaggregated by type of income for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (In thousands) BOLI change in cash surrender value (1) $ 310 $ 274 $ 661 $ 582 Wealth management revenue 54 95 149 140 Deposit related fees 91 89 170 161 Debit card and ATM fees 149 163 292 314 Loan related fees 97 44 155 136 Other (28) 133 34 130 Total noninterest income $ 673 $ 798 $ 1,461 $ 1,463 _______________ (1) Not within scope of Topic 606

Description of Business (Narrat

Description of Business (Narrative) (Details) $ in Millions	Jan. 10, 2024 USD ($)	Jun. 30, 2024 location loan
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	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Total	$ 175,625	$ 223,725
Gross Unrealized Gains	142	47
Gross Unrealized Losses	(15,074)	(15,857)
Fair Value	160,693	207,915
Mortgage-backed investments, Fannie Mae
Debt Securities, Available-for-sale [Line Items]
Total	11,452	11,562
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,683)	(1,684)
Fair Value	9,769	9,878
Mortgage-backed investments, Freddie Mac
Debt Securities, Available-for-sale [Line Items]
Total	11,877	12,934
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,623)	(1,755)
Fair Value	10,254	11,179
Mortgage backed investments Ginnie Mae
Debt Securities, Available-for-sale [Line Items]
Total	27,232	28,096
Gross Unrealized Gains	115	0
Gross Unrealized Losses	(1,396)	(1,516)
Fair Value	25,951	26,580
Mortgage-backed investments, Other
Debt Securities, Available-for-sale [Line Items]
Total	28,090	30,559
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,167)	(1,366)
Fair Value	26,923	29,193
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Total	36,370	36,571
Gross Unrealized Gains	6	42
Gross Unrealized Losses	(5,249)	(4,764)
Fair Value	31,127	31,849
U.S. Government agencies
Debt Securities, Available-for-sale [Line Items]
Total	27,604	71,003
Gross Unrealized Gains	21	5
Gross Unrealized Losses	(566)	(1,051)
Fair Value	27,059	69,957
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Total	33,000	33,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,390)	(3,721)
Fair Value	$ 29,610	$ 29,279

Investments_ Narrative (Details

Investments: Narrative (Details)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2020 USD ($)	Jun. 30, 2024 USD ($) securities	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) securities	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) securities
Investments [Abstract]
Investments held-to-maturity		$ 2,456,000		$ 2,456,000		$ 2,456,000
Payments to acquire marketable securities	$ 2,400,000
Securities in unrealized loss position | securities		114		114		123
Securities in unrealized loss position for 12 months or more | securities		106		106		113
Investments pledged as collateral for FHLB advances		50%		50%
Investments pledged as collateral for public deposits		$ 29,200,000		$ 29,200,000		$ 26,500,000
Principal repayments on investments available-for-sale		15,000,000	$ 0	40,000,000	$ 0
Net gain on sale of investments		0		0
Proceeds from Sale of Debt Securities, Available-for-Sale		$ 0		$ 0

Investments_ Schedule of Availa

Investments: Schedule of Available for sale Securities in Continuous Unrealized Loss positions (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 6,220	$ 20,715
12 Months or Longer	138,016	181,364
Total	144,236	202,079
Gross Unrealized Loss
Less Than 12 Months	(32)	(177)
12 Months or Longer	(15,042)	(15,680)
Total	(15,074)	(15,857)
Mortgage-backed investments, Fannie Mae
Fair Value
Less Than 12 Months	0	0
12 Months or Longer	9,769	9,878
Total	9,769	9,878
Gross Unrealized Loss
Less Than 12 Months	0	0
12 Months or Longer	(1,683)	(1,684)
Total	(1,683)	(1,684)
Mortgage-backed investments, Freddie Mac
Fair Value
Less Than 12 Months	0	671
12 Months or Longer	10,254	10,508
Total	10,254	11,179
Gross Unrealized Loss
Less Than 12 Months	0	(57)
12 Months or Longer	(1,623)	(1,698)
Total	(1,623)	(1,755)
Mortgage backed investments Ginnie Mae
Fair Value
Less Than 12 Months	0	11,601
12 Months or Longer	14,393	14,979
Total	14,393	26,580
Gross Unrealized Loss
Less Than 12 Months	0	(70)
12 Months or Longer	(1,396)	(1,446)
Total	(1,396)	(1,516)
Mortgage-backed investments, Other
Fair Value
Less Than 12 Months	2,867	0
12 Months or Longer	24,055	28,330
Total	26,922	28,330
Gross Unrealized Loss
Less Than 12 Months	(19)	0
12 Months or Longer	(1,148)	(1,366)
Total	(1,167)	(1,366)
Municipal bonds
Fair Value
Less Than 12 Months	2,018	2,477
12 Months or Longer	28,732	26,916
Total	30,750	29,393
Gross Unrealized Loss
Less Than 12 Months	(12)	(16)
12 Months or Longer	(5,237)	(4,748)
Total	(5,249)	(4,764)
U.S. Government agencies
Fair Value
Less Than 12 Months	1,335	0
12 Months or Longer	21,203	67,440
Total	22,538	67,440
Gross Unrealized Loss
Less Than 12 Months	(1)	0
12 Months or Longer	(565)	(1,051)
Total	(566)	(1,051)
Corporate bonds
Fair Value
Less Than 12 Months	0	5,966
12 Months or Longer	29,610	23,313
Total	29,610	29,279
Gross Unrealized Loss
Less Than 12 Months	0	(34)
12 Months or Longer	(3,390)	(3,687)
Total	$ (3,390)	$ (3,721)

Investments_ Schedule of Avai_2

Investments: Schedule of Available for sale Securities, Debt Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 0
Due after one year through five years	11,043
Due after five years through ten years	34,916
Due after ten years	51,015
Amortized Cost	96,974
Mortgage-backed investments	78,651
Total	175,625	$ 223,725
Fair Value
Due within one year	0
Due after one year through five years	10,330
Due after five years through ten years	31,168
Due after ten years	46,298
Fair Value	87,796
Mortgage-backed investments	72,897
Fair Value	$ 160,693	$ 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	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 1,149,863		$ 1,191,231
ACL	14,796		15,306
Total Loans	1,135,067		1,175,925
One to Four Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	508,939		513,223
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,516		284,471
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	225,423		228,752
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,302		138,149
ACL	1,553	$ 1,531	1,509	$ 1,582	$ 1,607	$ 1,210
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	365,480		377,859
ACL	3,612	3,816	3,895	4,367	4,496	5,397
Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	55,786		60,924
ACL	1,868	1,854	1,856	1,664	1,793	1,717
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	39,908		47,149
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	6,078		4,004
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	9,800		9,771
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	15,063		29,081
ACL	210	273	387	347	413	948
Prior
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	70,293		71,995
ACL	$ 1,853	$ 1,904	$ 1,912	$ 2,072	$ 2,108	$ 1,912

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net of allowance of $14,796, and $15,306	$ 1,135,067	$ 1,175,925
Total loans receivable, gross	1,149,863	1,191,231
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,149,863
Property total | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net of allowance of $14,796, and $15,306	$ 6,700	$ 1,400
Percent of total loans receivable	0.58%	0.12%
Total loans receivable, gross	$ 6,671
Property total | 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	622
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	70,293
Consumer | Financial Asset, Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	975
Consumer | 90 Days or More
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	601	$ 220
Loans nonaccrual status	4,700
FHLB of Des Moines | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	608,300	636,900
Federal Reserve Bank | Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 78,100	$ 76,100

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	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	$ 181,047	$ 149,777
2023	138,747	242,560
2022	175,483	225,824
2021	166,679	190,730
2020	170,150	86,917
Prior	317,757	295,423
Total Loans	1,149,863	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	155,999	86,208
2023	68,533	142,563
2022	98,409	94,582
2021	50,709	61,946
2020	43,107	31,806
Prior	92,182	96,118
Total Loans	508,939	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	427	3,329
2023	3,314	8,332
2022	8,206	22,787
2021	19,863	43,259
2020	42,795	25,988
Prior	59,697	34,454
Total Loans	134,302	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	4,082	78,730
2020	526	22,377
Prior	32,001	143,837
Total Loans	36,609	377,859
Current YTD gross charge-offs
2024	4,099	0
2023	19,882	0
2022	34,671	0
2021	78,763	0
2020	77,737	0
Prior	150,328	0
Writeoff	365,480	0
Construction/land | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	13,540	14,797
2023	25,746	26,286
2022	8,625	19,841
2021	7,875	0
2020	0	0
Prior	0	0
Total Loans	55,786	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	85
2023	1,610
2022	3,988
2021	344
2020	1,045
Prior	7,991
Total Loans	15,063
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	6,897	23,937
2023	19,662	23,967
2022	21,584	10,391
2021	9,125	5,523
2020	5,466	5,260
Prior	7,559	2,917
Total Loans	70,293	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	155,999	86,208
2023	68,533	142,563
2022	98,409	94,582
2021	50,709	61,946
2020	43,107	31,806
Prior	91,098	95,012
Total Loans	507,855	512,117
Pass | Multifamily | Residential Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	427
2023	3,314
2022	8,206
2021	19,863
2020	42,795
Prior	48,315
Total Loans	122,920
Pass | Commercial real estate | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	4,099
2023	19,882
2022	34,671
2021	74,681
2020	77,211
Prior	105,716
Total Loans	316,260
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	13,540
2023	25,746
2022	8,625
2021	7,875
2020	0
Prior	0
Total Loans	55,786
Watch
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	27
2022	25	4,108
2021	0	0
2020	0	12,745
Prior	23,101	6,308
Total Loans	23,126	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	678	683
Total Loans	678	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	9,812	2,303
Total Loans	9,812	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	0	0
2020	0	12,745
Prior	12,611	3,322
Total Loans	12,611	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	25	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	25	27
Special mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	384	130
Total Loans	384	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	384	130
Total Loans	384	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	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Total Loans	0	0
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	0	0
2023	47	19
2022	352	201
2021	4,283	526
2020	526	1,295
Prior	33,593	44,082
Total Loans	38,801	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	22	293
Total Loans	22	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	1,570	1,590
Total Loans	1,570	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	47	19
2022	352	201
2021	201	0
2020	0	0
Prior	0	0
Total Loans	600	220
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	181,047	149,777
2023	138,700	242,514
2022	175,106	221,515
2021	162,396	190,204
2020	169,624	72,877
Prior	260,679	244,903
Total Loans	1,087,552	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	85
2023	1,610
2022	3,988
2021	344
2020	1,045
Prior	7,991
Total Loans	15,063
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	6,897	23,937
2023	19,615	23,921
2022	21,207	10,190
2021	8,924	5,523
2020	5,466	5,260
Prior	7,559	2,917
Total Loans	$ 69,668	$ 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) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 15,306
(Recapture of provision) provision	$ (200)	(375)
Ending balance	14,796	14,796
Real Estate Loan
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	14,996	15,306
Charge-offs	0	(10)
(Recapture of provision) provision	(200)	(500)
Ending balance	14,796	14,796
Unfunded Loan Commitment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	564	439
(Recapture of provision) provision	0	125
Ending balance	$ 564	$ 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			$ 15,306
(Recapture of provision) provision	$ (200)		(375)
Ending balance	14,796		14,796
One-to-Four Family Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,618	$ 5,611	5,747	$ 4,043
Charge-offs	0	0	0	0
Recoveries		0		(1)
(Recapture of provision) provision	82	(37)	(47)	10
Ending balance	5,700	5,574	5,700	5,574
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	1,531	1,607	1,509	1,210
Charge-offs	0	0	0	0
Recoveries		0		0
(Recapture of provision) provision	22	(25)	44	289
Ending balance	1,553	1,582	1,553	1,582
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	3,816	4,496	3,895	5,397
Charge-offs	0	0	0	0
Recoveries		0		0
(Recapture of provision) provision	(204)	(129)	(283)	(60)
Ending balance	3,612	4,367	3,612	4,367
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	1,854	1,793	1,856	1,717
Charge-offs	0	0	0	0
Recoveries		0		0
(Recapture of provision) provision	14	(129)	12	(461)
Ending balance	1,868	1,664	1,868	1,664
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	273	413	387	948
Charge-offs	0	0	0	0
Recoveries		0		0
(Recapture of provision) provision	(63)	(66)	(177)	(91)
Ending balance	210	347	210	347
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	1,904	2,108	1,912	1,912
Charge-offs	0	(22)	(10)	(22)
Recoveries		0		0
(Recapture of provision) provision	(51)	(14)	(49)	213
Ending balance	1,853	2,072	1,853	2,072
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	14,996	16,028	15,306	15,227
Charge-offs	0	(22)	(10)	(22)
Recoveries		0		(1)
(Recapture of provision) provision	(200)	(400)	(500)	(100)
Ending balance	$ 14,796	$ 15,606	$ 14,796	15,606
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) $ in Thousands	Jun. 30, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 1,149,863	$ 1,191,231
Number of loans past due, still accruing | loan	0	2
Loans 90 days and or more past due and still accruing interest		$ 317
Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 1,149,863
Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,191,231
Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,064,507
Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,090,155
Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,516	284,471
Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		284,471
Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	225,423	228,752
Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		228,752
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,302	138,149
Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		138,149
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	365,480	377,859
Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		377,859
Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	55,786	60,924
Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		60,924
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	15,063	29,081
Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		29,081
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	70,293
Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		71,995
Financial Asset, Past Due | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	6,671
Financial Asset, Past Due | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,377
Financial Asset, Past Due | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	5,696
Financial Asset, Past Due | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		695
Financial Asset, Past Due | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	297
Financial Asset, Past Due | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		671
Financial Asset, Past Due | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	21
Financial Asset, Past Due | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		24
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	5,378
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	975
Financial Asset, Past Due | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		682
30-59 Days | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,705
30-59 Days | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		453
30-59 Days | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,331
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	35
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	1,296
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	374
30-59 Days | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		453
60-89 Days | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	4,344
60-89 Days | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		387
60-89 Days | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	4,344
60-89 Days | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		378
60-89 Days | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	262
60-89 Days | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		378
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	4,082
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	0
60-89 Days | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		9
90 Days or More | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	622
90 Days or More | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		537
90 Days or More | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	21
90 Days or More | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		317
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
90 Days or More | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	21
90 Days or More | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		24
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	601	220
90 Days or More | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		220
Current | Property total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,143,192
Current | Property total | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,189,854
Current | Total real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	1,058,811
Current | Total real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		1,089,460
Current | Permanent owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	283,219
Current | Permanent owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		283,800
Current | Permanent non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	225,402
Current | Permanent non-owner occupied | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		228,728
Current | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	134,302
Current | Multifamily | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		138,149
Current | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	360,102
Current | Commercial real estate | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		377,859
Current | Construction/ Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	55,786
Current | Construction/ Land | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		60,924
Current | Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	15,063
Current | Business | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		29,081
Current | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross	$ 69,318
Current | Consumer | Previously Reported
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable, gross		$ 71,313

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Credit Losses - Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 38,179
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	38,267
Recorded Investment	38,179	$ 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	1,570	1,590
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,570	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	36,609	44,021
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	$ 36,697	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	Jun. 30, 2024 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	$ 4,082
Nonaccrual with ACL	622
Nonaccrual loans	4,704
90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	0
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	0
Nonaccrual with ACL	601
Nonaccrual loans	601
Consumer | 90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	0
One-to-four family residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	0
Nonaccrual with ACL	21
Nonaccrual loans	21
One-to-four family residential | 90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	0
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual with No ACL	4,082
Nonaccrual with ACL	0
Nonaccrual loans	4,082
Commercial real estate | 90 Days or More
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total TDR loans	$ 0

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets Included - Narrative (Details) - Fintech Focused Fund - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Real Estate [Line Items]
Unrealized gain	$ 9,300	$ 111,000
Contributions	50,000	$ 150,000
Prepaid Expenses and Other Current Assets
Real Estate [Line Items]
Investment	572,000
Capital Investment
Real Estate [Line Items]
Other commitment	1,000,000
Capital Call
Real Estate [Line Items]
Other commitment	$ 520,000

Fair Value_ Schedule of Fair Va

Fair Value: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 160,693	$ 207,915
Derivative fair value asset	7,980	7,565
Total	168,673	215,480
Mortgage-backed investments, Fannie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	9,769	9,878
Mortgage-backed investments, Freddie Mac
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	10,254	11,179
Mortgage-backed investments, Ginnie Mae
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	25,951	26,580
Mortgage-backed investments, Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	26,923	29,193
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	31,127	31,849
U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	27,059	69,957
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	29,610	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	0	39,603
Derivative fair value asset	0	0
Total	0	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	0	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	160,693	168,312
Derivative fair value asset	7,980	7,565
Total	168,673	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	9,769	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	10,254	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	25,951	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	26,923	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	31,127	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	27,059	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	29,610	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	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (included in loans receivable, net)	$ 38,179	$ 45,912
Total, Fair Value	38,179	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)	38,179	45,912
Total, Fair Value	$ 38,179	$ 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	Jun. 30, 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	13.10%	14.26%
Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial instruments, range	3.09%	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	$ 38,179	$ 45,912

Fair Value_ Balance Sheet Group

Fair Value: Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	$ 160,693	$ 207,915
Investments held-to-maturity	2,456	2,456
FHLB stock	8,823	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	10,811	8,391
Interest-earning deposits with banks	48,173	22,138
Investments available-for-sale		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	671,643	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	160,693	168,312
Investments held-to-maturity	2,456	2,456
Loans receivable, net	0	0
FHLB stock	8,823	6,527
Accrued interest receivable	6,632	7,359
Derivative fair value asset	7,980	7,565
Deposits	0	0
Certificates of deposit, retail	362,070	353,881
Brokered deposits	51,027	130,977
Advances from the FHLB	175,999	124,976
Accrued interest payable	1,117	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	1,072,935	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	10,811	8,391
Interest-earning deposits with banks	48,173	22,138
Investments available-for-sale	160,693	207,915
Investments held-to-maturity	2,456	2,456
Loans receivable, net	1,135,067	1,175,925
FHLB stock	8,823	6,527
Accrued interest receivable	6,632	7,359
Derivative fair value asset	7,980	7,565
Deposits	671,643	706,162
Certificates of deposit, retail	365,527	357,154
Brokered deposits	51,004	130,791
Advances from the FHLB	176,000	125,000
Accrued interest payable	1,117	2,739
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash on hand and in banks	10,811	8,391
Interest-earning deposits with banks	48,173	22,138
Investments available-for-sale	160,693	207,915
Investments held-to-maturity	2,456	2,456
Loans receivable, net	1,072,935	1,113,642
FHLB stock	8,823	6,527
Accrued interest receivable	6,632	7,359
Derivative fair value asset	7,980	7,565
Deposits	671,643	706,162
Certificates of deposit, retail	362,070	353,881
Brokered deposits	51,027	130,977
Advances from the FHLB	175,999	124,976
Accrued interest payable	$ 1,117	$ 2,739

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($) lease
Lessee, Lease, Description [Line Items]
Property subject to or available for operating lease, number of units | lease	13
Monthly lease payment | $	$ 76
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	8 months
Renewal term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	6 years 7 months 6 days
Renewal term	5 years

Leases - Components of Operatin

Leases - Components of Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Lease expense	$ 290	$ 298	$ 573	$ 583
ROU asset	2,670	3,018	2,670	3,018	$ 2,617
Lease liability	$ 2,866	$ 3,213	$ 2,866	$ 3,213
Weighted average remaining term	4 years 7 months 6 days	5 years 1 month 6 days	4 years 7 months 6 days	5 years 1 month 6 days
Weighted average discount rate	2.50%	2.23%	2.50%	2.23%

Leases - Maturity of Leases (De

Leases - Maturity of Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Due through one year	$ 891
Due after one year through two years	654
Due after two years through three years	428
Due after three years through four years	385
Due after four years through five years	392
Due after five years	283
Total minimum lease payments	3,033
Less: present value discount	167
Lease liability, net	$ 2,866	$ 2,806

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Stockholders' equity	$ 160,693,000	$ 158,715,000	$ 160,693,000	$ 158,715,000	$ 160,183,000	$ 161,660,000	$ 159,645,000	$ 160,360,000
Gain (loss) on hedge ineffectiveness, net	0	$ 0	0	$ 0
Unrealized Gains (Losses) on Cash Flow Hedges
Derivative [Line Items]
Stockholders' equity	6,300,000		6,300,000
Other Assets | Designated as Hedging Instrument
Derivative [Line Items]
Derivative fair value asset	8,000,000		8,000,000
Minimum
Derivative [Line Items]
National amount	10,000,000		$ 10,000,000
Term of contract			2 years
Maximum
Derivative [Line Items]
National amount	15,000,000		$ 15,000,000
Term of contract			8 years
Cash Flow Hedging
Derivative [Line Items]
National amount	$ 115,000,000		$ 115,000,000
Fixed interest rate	1.87%		1.87%
Derivative fair value asset	$ 7,980,000		$ 7,980,000			$ 7,565,000
Cash Flow Hedging | Forward Contracts
Derivative [Line Items]
Weighted average remaining term of contract			2 years 6 months
Cash Flow Hedging | Minimum | Forward Contracts
Derivative [Line Items]
Term of contract			2 months
Cash Flow Hedging | Maximum | Forward Contracts
Derivative [Line Items]
Term of contract			5 years 3 months 18 days

Derivatives - Schedule of Deriv

Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Cash Flow Hedging
Derivative [Line Items]
Derivative fair value asset	$ 7,980	$ 7,565

Derivatives - Derivative Instru

Derivatives - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps on FHLB debt designated as a cash flow hedge	$ (313)	$ 823	$ 328	$ (401)

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 45,000	$ 99,000	$ 148,000	$ 227,000
Tax benefit from compensation expense	$ 9,000	$ 21,000	$ 31,000	$ 48,000
Cost not yet recognized, period of recognition			3 years 1 month 6 days
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		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		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)	115,000		115,000
Compensation cost not yet recognized	$ 89,000		$ 89,000
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	$ 105,000		$ 105,000
Compensation cost not yet recognized, weighted average vesting period			8 months

Stock-Based Compensation Disclo

Stock-Based Compensation Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares
Shares
Outstanding Beginning Balance (in shares) | shares	162,500	162,500
Exercised (in shares) | shares	(7,500)	(7,500)
Outstanding Ending Balance (in shares) | shares	155,000	155,000
Exercisable at end of period (in shares) | shares	115,000	115,000
Weighted-Average Exercise Price
Outstanding Beginning Balance (in dollars per share)	$ 11.65	$ 11.65
Exercised (in dollars per share)	10.77	10.77
Outstanding Ending Balance (in dollars per share)	$ 11.70	$ 11.70
Exercisable at end of period, Weighted Average Exercise Price (in dollars per share)	11.57	11.57
Weighted-Average Remaining Contractual Term in Years
Outstanding Ending Balance (in years)	2 years 9 months 10 days	2 years 9 months 10 days
Exercisable at end of period, Weighted Average Remaining Contractual Term in Years	6 months 29 days	6 months 29 days
Aggregate Intrinsic Value
Outstanding Beginning Balance | $	$ 1,468,350	$ 296,775
Exercised | $	77,175	77,175
Outstanding Ending Balance | $	1,462,150	1,462,150
Exercisable at end of period, Aggregate Intrinsic Value | $	$ 1,099,350	$ 1,099,350
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	$ 3.98	$ 3.98
Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	4.16	4.16
Nonvested Endingg Balance, Weighted-Average Grant Date Fair Value (in dollars per share)	3.97	3.97
Exercisable at end of period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.31	$ 4.31
Vested and expected to vest assuming a 3% forfeiture rate over the vesting term
Shares
Expected to Vest (in shares) | shares	153,800	153,800
Weighted-Average Exercise Price
Expected to Vest, Weighted Average Exercise Price (in dollars per share)	$ 11.69	$ 11.69
Weighted-Average Remaining Contractual Term in Years
Remaining weighted average vesting period	2 years 8 months 23 days	2 years 8 months 23 days
Aggregate Intrinsic Value
Expected to Vest, Aggregate Intrinsic Value | $	$ 1,451,266	$ 1,451,266
Share Based Compensation, Stock Option Plan, Additional Disclosures [Abstract]
Expected to Vested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 3.98	$ 3.98

Stock-Based Compensation - Nonv

Stock-Based Compensation - Nonvested Restricted Stock Shares Activity (Details) - Restricted Stock - First Financial Northwest, Inc. 2008 Equity Incentive Plan	3 Months Ended	6 Months Ended
	Jun. 30, 2024 $ / shares shares	Jun. 30, 2024 $ / shares shares
Shares
Nonvested Beginning Balance (in shares) | shares	7,673	27,618
Granted (in shares) | shares	0	7,673
Vested (in shares) | shares	0	(27,618)
Nonvested Ending Balance (in shares) | shares	7,673	7,673
Weighted-Average Grant Date Fair Value
Nonvested Beginning Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 20.68	$ 14.92
Granted (in dollars per share) | $ / shares	0	20.68
Vested (in dollars per share) | $ / shares	0	14.92
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 20.68	$ 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	7,443
Weighted-Average Grant Date Fair Value
Nonvested Ending Balance, Weighted-Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 20.68	$ 20.68
Forfeiture rate, percent	3%	3%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period	$ (6,718)	$ (8,489)	$ (7,673)	$ (7,214)
Other comprehensive (loss) income before reclassifications	66	(1,328)	1,021	(2,603)
Net other comprehensive (loss) income	66	(1,328)	1,021	(2,603)
Accumulated other comprehensive income (loss), net of tax, end of period	(6,652)	(9,817)	(6,652)	(9,817)
Unrealized (Losses) Gains 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	(13,335)	(15,548)	(13,649)	(15,497)
Other comprehensive (loss) income before reclassifications	379	(2,151)	693	(2,202)
Net other comprehensive (loss) income	379	(2,151)	693	(2,202)
Accumulated other comprehensive income (loss), net of tax, end of period	(12,956)	(17,699)	(12,956)	(17,699)
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	6,617	7,059	5,976	8,283
Other comprehensive (loss) income before reclassifications	(313)	823	328	(401)
Net other comprehensive (loss) income	(313)	823	328	(401)
Accumulated other comprehensive income (loss), net of tax, end of period	$ 6,304	$ 7,882	$ 6,304	$ 7,882

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income	$ 1,555	$ 1,488	$ 480	$ 3,610
Less: Earnings allocated to participating securities	(1)	(4)	0	11
Earnings allocated to common shareholders	$ 1,554	$ 1,484	$ 480	$ 3,599
Basic weighted average common shares outstanding (in shares)	9,168,414	9,120,468	9,162,194	9,112,464
Dilutive stock options (in shares)	65,515	3,759	63,957	28,412
Dilutive restricted stock grants (in shares)	1,517	0	8,662	6,845
Diluted weighted average common shares outstanding (in shares)	9,235,446	9,124,227	9,234,813	9,147,721
Basic earnings per share (in dollars per share)	$ 0.17	$ 0.16	$ 0.05	$ 0.39
Diluted earnings per share (in dollars per share)	$ 0.17	$ 0.16	$ 0.05	$ 0.39

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock Options
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	40,000	0	40,000
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	40,000	0	40,000
Restricted Stock
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	27,618	0	0
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	27,618	0	0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 673	$ 798	$ 1,461	$ 1,463
BOLI income
Disaggregation of Revenue [Line Items]
Revenue	310	274	661	582
Wealth management revenue
Disaggregation of Revenue [Line Items]
Revenue	54	95	149	140
Deposit related fees
Disaggregation of Revenue [Line Items]
Revenue	91	89	170	161
Debit card and ATM fees
Disaggregation of Revenue [Line Items]
Revenue	149	163	292	314
Loan related fees
Disaggregation of Revenue [Line Items]
Revenue	97	44	155	136
Other
Disaggregation of Revenue [Line Items]
Revenue	$ (28)	$ 133	$ 34	$ 130

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Contract liability	$ 0
Performance Obligation	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Aug. 08, 2024	Mar. 31, 2024	Jun. 30, 2024
Subsequent Event [Line Items]
Payment for plan settlement		$ 1.2
Commercial real estate
Subsequent Event [Line Items]
Loans nonaccrual status			$ 4.1
Subsequent Event
Subsequent Event [Line Items]
Defined benefit plan, refund	$ 0.4