FS Bancorp (FSBW) 10-Q 11 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document And Entity Information
Entity Registrant Name	FS Bancorp, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Central Index Key	1,530,249
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		3,054,753
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 5,263	$ 1,708
Interest-bearing deposits with other financial institutions	9,629	22,747
Cash and Cash Equivalents, at Carrying Value	14,892	24,455
Certificates of deposit at other financial institutions	14,010	12,421
Securities available-for-sale, at fair value	97,728	55,217
Loans held for sale, at fair value	63,696	44,925
Loans receivable, net	550,104	502,535
Accrued interest receivable	2,420	2,107
Premises and equipment, net	14,786	13,856
Federal Home Loan Bank (“FHLB”) stock, at cost	1,600	4,551
Bank owned life insurance (“BOLI”)	9,911	9,772
Servicing rights, held at the lower of cost or fair value	6,751	5,811
Goodwill	2,312	0
Core deposit intangible, net	1,997	0
Other assets	3,713	1,911
TOTAL ASSETS	783,920	677,561
LIABILITIES
Noninterest-bearing accounts	152,808	72,247
Interest-bearing accounts	513,308	412,931
Total deposits	666,116	485,178
Borrowings	19,670	98,769
Subordinated note	10,000	10,000
Unamortized Debt Issuance Expense	(185)	(195)
Subordinated Debt, Net of Unamortized Debt Issuance Costs	9,815	9,805
Other liabilities	12,268	8,469
Total liabilities	707,869	602,221
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock, $.01 par value; 45,000,000 shares authorized; 3,056,107 and 3,242,120 shares issued and outstanding at June 30, 2016, and December 31, 2015, respectively	31	32
Additional paid-in capital	26,516	30,692
Retained earnings	50,160	46,175
Accumulated other comprehensive income, net of tax	848	78
Unearned shares - Employee Stock Ownership Plan (“ESOP”)	(1,504)	(1,637)
Total stockholders’ equity	76,051	75,340
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 783,920	$ 677,561

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Items Included in Consolidated Statement of Financial Condition [Abstract]
Preferred stock par value, in dollars per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value, in dollars per share	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	3,056,107	3,242,120
Common stock, shares outstanding	3,056,107	3,242,120

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Loans receivable including fees	$ 8,452,000	$ 7,494,000	$ 16,773,000	$ 14,312,000
Interest and dividends on investment securities, cash and cash equivalents, and interest-bearing deposits at other financial institutions	636,000	281,000	1,213,000	545,000
Total interest and dividend income	9,088,000	7,775,000	17,986,000	14,857,000
Deposits	785,000	812,000	1,603,000	1,559,000
Borrowings	42,000	72,000	127,000	139,000
Subordinated note	169,000	0	341,000	0
Total interest expense	996,000	884,000	2,071,000	1,698,000
NET INTEREST INCOME	8,092,000	6,891,000	15,915,000	13,159,000
PROVISION FOR LOAN LOSSES	600,000	600,000	1,200,000	1,200,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	7,492,000	6,291,000	14,715,000	11,959,000
Service charges and fee income	893,000	500,000	1,590,000	924,000
Gain on sale of loans	5,437,000	4,606,000	8,801,000	7,933,000
Gain on sale of investment securities	0	0	0	76,000
Earnings on cash surrender value of BOLI	70,000	48,000	139,000	95,000
Other noninterest income	156,000	124,000	347,000	321,000
Total noninterest income	6,556,000	5,278,000	10,877,000	9,349,000
Salaries and benefits	5,358,000	4,216,000	10,223,000	8,166,000
Operations	1,396,000	1,128,000	2,771,000	2,091,000
Occupancy	610,000	456,000	1,178,000	891,000
Data processing	557,000	393,000	1,039,000	751,000
Gain on sale of other real estate owned (“OREO”)	(150,000)	0	(150,000)	0
Loan costs	638,000	417,000	1,074,000	750,000
Professional and board fees	524,000	423,000	989,000	790,000
Federal Deposit Insurance Corporation (“FDIC”) insurance	106,000	82,000	208,000	160,000
Marketing and advertising	207,000	145,000	351,000	275,000
Acquisition costs	4,000	0	389,000	0
Amortization of core deposit intangible	140,000	0	241,000	0
Impairment on servicing rights	215,000	1,000	214,000	0
Total noninterest expense	9,605,000	7,261,000	18,527,000	13,874,000
INCOME BEFORE PROVISION FOR INCOME TAXES	4,443,000	4,308,000	7,065,000	7,434,000
PROVISION FOR INCOME TAXES	1,608,000	1,514,000	2,569,000	2,570,000
NET INCOME	$ 2,835,000	$ 2,794,000	$ 4,496,000	$ 4,864,000
Basic earnings per share (in dollars per share)	$ 0.98	$ 0.94	$ 1.54	$ 1.65
Diluted earnings per share (in dollars per share)	$ 0.96	$ 0.93	$ 1.50	$ 1.63

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,835	$ 2,794	$ 4,496	$ 4,864
Unrealized gain (loss) on securities available-for-sale:
Unrealized holding gain (loss) during period	617	(474)	1,195	(138)
Income tax (provision) benefit related to unrealized holding gain	(219)	161	(425)	47
Reclassification adjustment for realized gain included in net income	0	0	0	(76)
Income tax provision related to reclassification for realized gain	0	0	0	26
Other comprehensive income (loss), net of tax	398	(313)	770	(141)
COMPREHENSIVE INCOME	$ 3,233	$ 2,481	$ 5,266	$ 4,723

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Unearned ESOP Shares
Beginning Balance at (in shares) at Dec. 31, 2014		3,235,625
Beginning Balance at Dec. 31, 2014	$ 65,836	$ 32	$ 29,450	$ 38,125	$ 117	$ (1,888)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,864			4,864
Dividends paid ($0.12 and $0.17 per share for the 6 months ending June 30, 2015 and 2016, respectively)	(397)			(397)
Share-based compensation	373		373
Common stock repurchased (in shares)		(4,605)
Common stock repurchased	(101)		(101)	0
Stock options shares exercised (in shares)		9,600
Stock options exercised	162		162
Unrealized holding gains, net of tax	(141)				(141)
ESOP shares allocated	259		127			132
Ending Balance at (in shares) at Jun. 30, 2015		3,240,620
Ending Balance at Jun. 30, 2015	70,855	$ 32	30,011	42,592	(24)	(1,756)
Beginning Balance at (in shares) at Dec. 31, 2015		3,242,120
Beginning Balance at Dec. 31, 2015	75,340	$ 32	30,692	46,175	78	(1,637)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,496			4,496
Dividends paid ($0.12 and $0.17 per share for the 6 months ending June 30, 2015 and 2016, respectively)	(511)			(511)
Share-based compensation	393		393
Restricted stock awards (in shares)		4,500
Common stock repurchased (in shares)		(196,813)
Common stock repurchased	(4,869)	$ 1	(4,868)	0
Stock options shares exercised (in shares)		6,300
Stock options exercised	106		106
Unrealized holding gains, net of tax	770				770
ESOP shares allocated	326		193			133
Ending Balance at (in shares) at Jun. 30, 2016		3,056,107
Ending Balance at Jun. 30, 2016	$ 76,051	$ 31	$ 26,516	$ 50,160	$ 848	$ (1,504)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,835,000	$ 2,794,000	$ 4,496,000	$ 4,864,000
Adjustments to reconcile net income to net cash from operating activities
Provision for loan losses	600,000	600,000	1,200,000	1,200,000
Depreciation, amortization and accretion			2,406,000	957,000
Compensation expense related to stock options and restricted stock awards			393,000	373,000
ESOP compensation expense for allocated shares	166,000	137,000	326,000	259,000
Increase in cash surrender value of BOLI	(70,000)	(48,000)	(139,000)	(95,000)
Gain on sale of loans held for sale			(8,801,000)	(7,933,000)
Gain on sale of OREO	(150,000)	0	(150,000)	0
Origination of loans held for sale			(354,401,000)	(296,744,000)
Proceeds from sale of loans held for sale			342,698,000	287,763,000
Gain on sale of investment securities	0	0	0	(76,000)
Impairment on servicing rights	215,000	1,000	214,000	0
Changes in operating assets and liabilities
Accrued interest receivable			(313,000)	(214,000)
Other assets			(6,359,000)	(1,365,000)
Other liabilities			3,375,000	589,000
Net cash used by operating activities			(15,055,000)	(10,422,000)
Activity in securities available-for-sale:
Proceeds from sale of investment securities	0	0	0	4,178,000
Maturities, prepayments, sales, and calls			5,797,000	2,727,000
Purchases			(47,432,000)	(8,907,000)
Maturities of interest-bearing time deposits			292,000	248,000
Purchase of interest-bearing time deposits			(1,882,000)	(3,224,000)
Loan originations and principal collections, net			(49,839,000)	(46,120,000)
Proceeds from sale of OREO, net			682,000	0
Purchase of premises and equipment, net			(1,642,000)	(952,000)
FHLB stock purchased			(3,393,000)	(1,226,000)
FHLB stock redeemed			6,344,000	1,464,000
Net cash received from acquisition of branches			180,356,000	0
Net cash from (used by) investing activities			89,283,000	(51,812,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits			582,000	50,064,000
Proceeds from borrowings			159,500,000	199,737,000
Repayments of borrowings			(238,599,000)	(196,502,000)
Dividends paid			(511,000)	(397,000)
Proceeds from stock options exercised			106,000	162,000
Common stock repurchased			(4,869,000)	(101,000)
Net cash (used by) from financing activities			(83,791,000)	52,963,000
NET DECREASE IN CASH AND CASH EQUIVALENTS			(9,563,000)	(9,271,000)
CASH AND CASH EQUIVALENTS, beginning of period			24,455,000	15,555,000
CASH AND CASH EQUIVALENTS, end of period	14,892,000	6,284,000	14,892,000	6,284,000
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION
Interest			1,910,000	1,700,000
Income taxes			2,970,000	2,151,000
Assets acquired in acquisition of branches	181,575,000	0	181,575,000	0
Liabilities assumed in acquisition of branches	$ 186,393,000	$ 0	186,393,000	0
SUPPLEMENTARY DISCLOSURES OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES
Change in unrealized gain (loss) on investment securities			1,195,000	(214,000)
Property received in settlement of loans			525,000	0
Retention of Mortgage Servicing Rights from Loan Sales			$ 1,832,000	$ 1,902,000

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations - FS Bancorp, Inc. (the “Company”) was incorporated in September 2011 as the proposed holding company for 1st Security Bank of Washington (the “Bank” or “1st Security Bank”) in connection with the Bank’s conversion from the mutual to stock form of ownership which was completed on July 9, 2012. The Bank is a community-based savings bank with 11 branches and four loan production offices in suburban communities in the greater Puget Sound area which includes Snohomish, King, Pierce, Jefferson, Kitsap, and Clallam Counties, and one loan production office in the market area of the Tri-Cities, Washington. The Bank provides loan and deposit services to customers who are predominantly small and middle-market businesses and individuals. The Bank acquired four retail bank branches from Bank of America (two in Clallam and two in Jefferson counties) on January 22, 2016, and these branches opened as 1st Security Bank branches on January 25, 2016. The Company and its subsidiary are subject to regulation by certain federal and state agencies and undergo periodic examination by these regulatory agencies. Pursuant to the Plan of Conversion (the “Plan”), the Company’s Board of Directors adopted an employee stock ownership plan (“ESOP”) which purchased 8% of the common stock in the open market or 259,210 shares. As provided for in the Plan, the Bank also established a liquidation account in the amount of retained earnings at December 31, 2011. The liquidation account is maintained for the benefit of eligible savings account holders at June 30, 2007, and supplemental eligible account holders as of March 31, 2012, who maintain deposit accounts at the Bank after the conversion. The conversion was accounted for as a change in corporate form with the historic basis of the Company’s assets, liabilities, and equity unchanged as a result. Financial Statement Presentation - The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the Company’s Annual Report on Form 10-K with all of the audited information and footnotes required by U.S. GAAP for complete financial statements for the year ended December 31, 2015, as filed with the SEC on March 25, 2016. In the opinion of management, all normal adjustments and recurring accruals considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. The results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016, or any other future period. The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. Material estimates that are particularly susceptible to change in the near term are allowances for loan losses, fair value of measurements, servicing assets, and deferred income taxes. Amounts presented in the consolidated financial statements and footnote tables are rounded and presented in thousands of dollars except per share amounts. In the narrative footnote discussion, amounts are rounded and presented in millions of dollars to one decimal point if the amounts are above $1.0 million. Amounts below $1.0 million are rounded and presented in dollars to the nearest thousands. Certain prior year amounts have been reclassified to conform to the 2016 presentation with no change to consolidated net income or stockholders’ equity previously reported. Principles of Consolidation - The consolidated financial statements include the accounts of FS Bancorp, Inc. and its wholly owned subsidiary, 1st Security Bank of Washington. All material intercompany accounts have been eliminated in consolidation. Segment Reporting - The Company’s major line of business is community banking. Management has determined that the Company operates as a single operating segment based on U.S. GAAP. Subsequent Events - The Company has evaluated events and transactions subsequent to June 30, 2016, for potential recognition or disclosure. Application of New Accounting Guidance As of April 1, 2016, the Company applied Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No 2015-16, Business Combinations (Topic 805). Application of this ASU simplifies the accounting for adjustments made to provisional amounts recognized in a business combination during the measurement period. The amendments in this ASU require that the acquirer recognize the adjustments to provisional amounts in the reporting period in which the adjustment amount is determined. The acquirer must also record in the same period's financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. As required by ASU 2015-16, all adjustments are reflected as of the beginning of the fiscal year, January 1, 2016. By applying this ASU, the Company has adjusted the provisional amounts for core deposit intangible and goodwill and disclosed the effect on earnings in Note 2. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which creates Topic 606 and supersedes Topic 605, Revenue Recognition. In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) , which postponed the effective date of 2014-09. In March 2016, the FASB issued ASU 2016-08, R evenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net , which amended the principal versus agent implementation guidance set for in ASU 2014-09. Among other things, ASU 2016-08 clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. In April 2016, the FASB issued ASU No. 2016-10, R evenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing . The ASU amends certain aspects of the guidance set forth in the FASB's new revenue standard related to identifying performance obligations and licensing implementation. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In general, the new guidance requires companies to use more judgment and make more estimates than under current guidance, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In May 2016, the FASB issued ASU No. 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting , which rescinds SEC paragraphs pursuant to two SEC Staff Announcements at the March 3, 2016 Emerging Issues Task Force (EITF) meeting which were codified in Topic 605, Revenue Recognition and Topic 932, Extractive Activities - Oil and Gas . In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, which provides clarifying guidance in certain narrow areas and adds some practical expedients, but does not change the core revenue recognition principle in Topic 606. The standard is effective for public entities for interim and annual periods beginning after December 15, 2017; early adoption is not permitted. For financial reporting purposes, the standard allows for either full retrospective adoption, meaning the standard is applied to all of the periods presented, or modified retrospective adoption, meaning the standard is applied only to the most current period presented in the financial statements with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company is currently evaluating the provisions to determine the potential impact the new standard will have on the Company's consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU is intended to improve the recognition and measurement of financial instruments. This ASU requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. In addition, the amendments in this ASU require the exit price notion be used when measuring the fair value of financial instruments for disclosure purposes and requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. This ASU also eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. The ASU also requires a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU No. 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for certain provisions. The Company is currently evaluating the impact of this ASU on the Company’s consolidated financial statements. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 requires lessees to recognize on the balance sheet the assets and liabilities arising from operating leases. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendments in the ASU is permitted. The adoption of ASU 2016-02 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments . The ASU simplifies the embedded derivative analysis for debt instruments containing contingent call or put options by removing the requirement to assess whether a contingent event is related to interest rates or credit risks. The ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting . The ASU eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an adjustment must be made to the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The amendments in this update seek to simplify several aspects of the accounting for employee share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company is currently evaluating the impact of this ASU on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2016
Business Combination [Abstract]
Business Combination	BUSINESS COMBINATION On January 22, 2016, the Company’s wholly-owned subsidiary, 1st Security Bank, completed the purchase of four branches (“Branch Purchase”) from Bank of America, National Association (“Bank of America”). The Branch Purchase included four retail bank branches located in the communities of Port Angeles, Sequim, Port Townsend, and Hadlock, Washington. In accordance with the Purchase and Assumption Agreement, dated as of September 1, 2015, between Bank of America and 1st Security Bank, 1st Security Bank acquired $ 186.4 million of deposits, a small portfolio of performing loans, two owned bank branches, three leases for the bank branches and parking facilities and certain other assets of the branches. As of June 30, 2016, approximately $171.3 million of the acquired deposits remain at 1st Security Bank. In consideration of the purchased assets and transferred liabilities, 1st Security Bank paid (a) the unpaid principal balance and accrued interest of $ 419,000 for the loans acquired, (b) the net book value, or approximately $ 778,000 , for the bank facilities and certain other assets associated with the acquired branches, and (c) a deposit premium of 2.50% on substantially all of the deposits assumed, which equated to approximately $ 4.8 million. The transaction was settled with Bank of America paying cash of $ 180.4 million to 1st Security Bank for the difference between these amounts and the total deposits assumed. The Branch Purchase was accounted for under the acquisition method of accounting and accordingly, the assets and liabilities were recorded at their fair values on January 22, 2016, the date of acquisition. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as information relative to closing date fair values become available. During the second quarter of 2016, the Company completed a re-evaluation of the core deposit intangible due to a portion of core deposits excluded from the original valuation. The updated valuation of the core deposit intangible increased the fair value adjustment by $ 100,000 to $ 2.2 million from $ 2.1 million resulting in a decrease of $ 100,000 to the fair value adjustment of goodwill. The impact to consolidated net income was an increase in the amortization of the core deposit intangible for the six month ended June 30, 2016 of $ 6,000 . The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of acquisition: January 22, 2016 Acquired Book Value Fair Value Adjustments Amount Recorded Assets Cash and cash equivalents $ 180,356 $ — $ 180,356 Loans receivable 417 — 417 Premises and equipment, net 697 267 (1) 964 Accrued interest receivable 2 — 2 Core deposit intangible — 2,239 (2) 2,239 Goodwill — 2,312 (3) 2,312 Other assets 103 — 103 Total assets acquired $ 181,575 $ 4,818 $ 186,393 Liabilities Deposits: Noninterest-bearing accounts $ 79,966 $ — $ 79,966 Interest-bearing accounts 106,398 — 106,398 Total deposits 186,364 — 186,364 Accrued interest payable 7 — 7 Other liabilities 22 — 22 Total liabilities assumed $ 186,393 $ — $ 186,393 Explanation of Fair Value Adjustments (1) The fair value adjustment represents the difference between the fair value of the acquired branches and the book value of the assets acquired. The Company utilized third-party valuations but did not receive appraisals to assist in the determination of fair value. (2) The fair value adjustment represents the value of the core deposit base assumed in the Branch Purchase based on a study performed by an independent consulting firm. This amount was recorded by the Company as an identifiable intangible asset and will be amortized as an expense on an accelerated basis over the average life of the core deposit base, which is estimated to be nine years. (3) The fair value adjustment represents the value of the goodwill calculated from the purchase based on the purchase price, less the fair value of assets acquired net of liabilities assumed. In connection with the business combination, the Company recorded goodwill and core deposit intangible assessed at the date of the Branch Purchase. Goodwill - The acquired goodwill represents the excess purchase price over the estimated fair value of the net assets acquired and was recorded at $2.3 million . The table below summarizes the aggregate amount recognized for each major class of assets acquired and liabilities assumed by 1st Security Bank in the Branch Purchase on January 22, 2016: At January 22, 2016 Purchase price (1) $ 6,015 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Cash and cash equivalents 186,371 Acquired loans 417 Premises and equipment, net 964 Accrued interest receivable 2 Core deposit intangible 2,239 Other assets 103 Deposits (186,364 ) Accrued interest payable (7 ) Other liabilities (22 ) Total fair value of identifiable net assets 3,703 Goodwill $ 2,312 (1) Purchase price includes premium paid on the deposits, the aggregate net book value of all assets acquired, and the unpaid principal and accrued interest on loans acquired. Core deposit intangible The acquired core deposit intangible represents the fair value of the acquired core deposit base. The core deposit intangible will be amortized on an accelerated basis over approximately nine years. Total amortization expense was $140,000 and $241,000 for the three and six months ended June 30, 2016, and none for the same periods in 2015. Amortization expense for core deposit intangible is expected to be as follows: Year 1 $ 522 Year 2 400 Year 3 307 Year 4 235 Year 5 181 Thereafter 594 Total $ 2,239

Securities Available-for-sale

Securities Available-for-sale	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	SECURITIES AVAILABLE-FOR-SALE The following tables present the amortized costs, unrealized gains, unrealized losses, and estimated fair values of securities available-for-sale at June 30, 2016 and December 31, 2015: June 30, 2016 SECURITIES AVAILABLE-FOR-SALE Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Values U.S. agency securities $ 9,165 $ 165 $ — $ 9,330 Municipal bonds 25,459 601 (9 ) 26,051 Corporate securities 7,675 58 (161 ) 7,572 U.S. Small Business Administration securities 5,966 137 — 6,103 Mortgage-backed securities 48,148 527 (3 ) 48,672 Total securities available-for-sale $ 96,413 $ 1,488 $ (173 ) $ 97,728 December 31, 2015 SECURITIES AVAILABLE-FOR-SALE Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Values U.S. agency securities $ 6,134 $ — $ (99 ) $ 6,035 Municipal bonds 18,531 373 (13 ) 18,891 Corporate securities 3,495 5 (67 ) 3,433 U.S. Small Business Administration securities 4,011 23 (11 ) 4,023 Mortgage-backed securities 22,926 72 (163 ) 22,835 Total securities available-for-sale $ 55,097 $ 473 $ (353 ) $ 55,217 Investment securities that were in an unrealized loss position at June 30, 2016 and December 31, 2015 are presented in the following tables, based on the length of time individual securities have been in an unrealized loss position. In the opinion of management, these securities are considered only temporarily impaired due to changes in market interest rates or the widening of market spreads subsequent to the initial purchase of the securities, and not due to concerns regarding the underlying credit of the issuers or the underlying collateral. June 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. agency securities $ — $ — $ — $ — $ — $ — Municipal bonds 2,432 (8 ) 303 (1 ) 2,735 (9 ) Corporate securities 908 (88 ) 1,427 (73 ) 2,335 (161 ) U.S. Small Business Administration securities — — — — — — Mortgage-backed securities — — 1,777 (3 ) 1,777 (3 ) Total $ 3,340 $ (96 ) $ 3,507 $ (77 ) $ 6,847 $ (173 ) December 31, 2015 Less than 12 Months 12 Months or Longer Total SECURITIES AVAILABLE-FOR-SALE Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. agency securities $ 2,107 $ (31 ) $ 3,928 $ (68 ) $ 6,035 $ (99 ) Municipal bonds 956 (1 ) 293 (12 ) 1,249 (13 ) Corporate securities 994 (6 ) 1,439 (61 ) 2,433 (67 ) U.S. Small Business Administration securities 990 (11 ) — — 990 (11 ) Mortgage-backed securities 15,642 (112 ) 2,119 (51 ) 17,761 (163 ) Total $ 20,689 $ (161 ) $ 7,779 $ (192 ) $ 28,468 $ (353 ) There were three investments with unrealized losses of less than one year, and five investments with unrealized losses of more than one year at June 30, 2016. There were 17 investments with unrealized losses of less than one year, and eight investments with unrealized losses of more than one year at December 31, 2015. The unrealized losses associated with these investments are believed to be caused by changes in market interest rates that are considered to be temporary and the Company does not intend to sell the securities, and it is not likely to be required to sell these securities prior to maturity. No other-than-temporary impairment was recorded for the six months ended June 30, 2016 and 2015. The contractual maturities of securities available-for-sale at June 30, 2016 and December 31, 2015 are listed below. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date. June 30, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value U.S. agency securities Due after one year through five years $ 4,000 $ 4,008 $ — $ — Due after five years through ten years 5,165 5,322 6,134 6,035 Subtotal 9,165 9,330 6,134 6,035 Municipal bonds Due in one year or less 982 985 991 997 Due after one year through five years 7,481 7,615 3,904 3,954 Due after five years through ten years 11,303 11,618 7,807 7,981 Due after ten years 5,693 5,833 5,829 5,959 Subtotal 25,459 26,051 18,531 18,891 Corporate securities Due after one year through five years 5,680 5,723 1,500 1,490 Due after five years through ten years 1,995 1,849 1,995 1,943 Subtotal 7,675 7,572 3,495 3,433 U.S. Small Business Administration securities Due after five years through ten years 5,966 6,103 4,011 4,023 Mortgage-backed securities Federal National Mortgage Association (“FNMA”) 23,846 24,104 12,515 12,466 Federal Home Loan Mortgage Corporation (“FHLMC”) 16,319 16,501 4,524 4,501 Government National Mortgage Association (“GNMA”) 7,983 8,067 5,887 5,868 Subtotal 48,148 48,672 22,926 22,835 Total $ 96,413 $ 97,728 $ 55,097 $ 55,217 The proceeds and resulting gains, computed using specific identification, from sales of securities available-for-sale for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Proceeds Gross Gains Gross Losses Proceeds Gross Gains Gross Losses Securities available-for-sale $ — $ — $ — $ — $ — $ — Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Proceeds Gross Gains Gross Losses Proceeds Gross Gains Gross Losses Securities available-for-sale $ — $ — $ — $ 4,178 $ 76 $ —

Loans Receivable and Allowance

Loans Receivable and Allowance For Loan Losses	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Loans Receivable and Allowance For Loan Losses	LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES The composition of the loan portfolio at June 30, 2016 and December 31, 2015 was as follows: June 30, December 31, REAL ESTATE LOANS 2016 2015 Commercial $ 50,936 $ 50,034 Construction and development 76,601 80,806 Home equity 18,591 16,540 One-to-four-family (excludes loans held for sale) 115,450 102,921 Multi-family 34,176 22,223 Total real estate loans 295,754 272,524 CONSUMER LOANS Indirect home improvement 102,246 103,064 Solar 33,364 29,226 Marine 28,128 23,851 Other consumer 1,998 2,181 Total consumer loans 165,736 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial 64,413 59,619 Warehouse lending 34,659 20,817 Total commercial business loans 99,072 80,436 Total loans receivable, gross 560,562 511,282 Allowance for loan losses (8,951 ) (7,785 ) Deferred costs, fees, and discounts, net (1,507 ) (962 ) Total loans receivable, net $ 550,104 $ 502,535 The Company’s lending business activity is concentrated in the greater Puget Sound area and one loan production office located in the Tri-Cities, Washington. Most of the Company’s lending is to customers located in the greater Puget Sound area, however, indirect home improvement loans are originated through a network of home improvement contractors and dealers located throughout Washington, Oregon, Idaho, and California. The Company also originates solar loans through contractors and dealers in the state of California. Generally, loans are secured by real estate, liens on receivables and/or equipment, personal property, and/or deposit accounts. Rights to collateral vary and are legally documented to the extent practicable. Local economic conditions may affect borrowers’ ability to meet the stated repayment terms. The Company has defined its loan portfolio into three segments that reflect the structure of the lending function, the Company’s strategic plan and the manner in which management monitors performance and credit quality. The three loan portfolio segments are: (a) Real Estate Loans, (b) Consumer Loans and (c) Commercial Business Loans. Each of these segments is disaggregated into classes based on the risk characteristics of the borrower and/or the collateral type securing the loan. The following is a summary of each of the Company’s loan portfolio segments and classes: Real Estate Loans Commercial Lending . Loans originated by the Company primarily secured by income producing properties, including retail centers, warehouses, and office buildings located in our market areas. Construction and Development Lending . Loans originated by the Company for the construction of, and secured by, commercial real estate, one-to-four-family, and multi-family residences and tracts of land for development that are not pre-sold. Home Equity Lending . Loans originated by the Company secured by second mortgages on one-to-four-family residences in our market areas. One-to-Four-Family Real Estate Lending . Loans originated by the Company secured by first mortgages on one-to-four-family residences in our market areas that the Company intends to hold (excludes loans held for sale). Multi-Family Lending . Apartment term lending ( five or more units) to current banking customers and community reinvestment loans for low to moderate income individuals in the Company’s footprint. Consumer Loans Indirect Home Improvement . Fixture secured loans are originated by the Company for home improvement and are secured by the personal property installed in, on, or at the borrower’s real property, and may be perfected with a UCC-2 financing statement filed in the county of the borrower’s residence. These indirect home improvement loans include replacement windows, siding, roofing, and other home fixture installations. Solar. Fixture secured loans are originated by the Company for home improvement and are secured by the personal property installed in, on, or at the borrower’s real property, and may be perfected with a UCC-2 financing statement filed in the county of the borrower’s residence. Marine . Loans originated by the Company secured by boats to borrowers primarily located in its market areas. Other Consumer. Loans originated by the Company, including automobiles, recreational vehicles, direct home improvement loans, loans on deposits, and other consumer loans, primarily consisting of personal lines of credit. Commercial Business Loans Commercial and Industrial Lending . Loans originated by the Company to local small and mid-sized businesses in our Puget Sound market area are secured primarily by accounts receivable, inventory, or personal property, plant and equipment. Commercial and industrial loans are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. Warehouse Lending . Loans originated by the Company’s mortgage and construction warehouse lending program through which the Company funds third-party bankers originating residential mortgage and construction loans for sale into the secondary market. These loans are secured by the notes and assigned deeds of trust associated with the residential mortgage and construction loans on properties primarily located in the Company’s market areas. The following tables detail activity in the allowance for loan losses by loan categories at or for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended June 30, 2016 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Business Unallocated Total Beginning balance $ 3,456 $ 2,084 $ 1,543 $ 1,244 $ 8,327 Provision for loan losses (28 ) 50 210 368 600 Charge-offs — (291 ) — — (291 ) Recoveries 49 196 70 — 315 Net recoveries (charge-offs) 49 (95 ) 70 — 24 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 3,477 2,039 1,823 1,612 8,951 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 LOANS RECEIVABLE Loans individually evaluated for impairment $ 291 $ — $ — $ — $ 291 Loans collectively evaluated for impairment 295,463 165,736 99,072 — 560,271 Ending balance $ 295,754 $ 165,736 $ 99,072 $ — $ 560,562 At or For the Six Months Ended June 30, 2016 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 2,874 $ 1,681 $ 1,396 $ 1,834 7,785 Provision for loan losses 552 518 352 (222 ) 1,200 Charge-offs — (569 ) — — (569 ) Recoveries 51 409 75 — 535 Net recoveries (charge-offs) 51 (160 ) 75 — (34 ) Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 3,477 2,039 1,823 1,612 8,951 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 LOANS RECEIVABLE Loans individually evaluated for impairment $ 291 $ — $ — $ — $ 291 Loans collectively evaluated for impairment 295,463 165,736 99,072 — 560,271 Ending balance $ 295,754 $ 165,736 $ 99,072 $ — $ 560,562 At or For the Three Months Ended June 30, 2015 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 2,125 $ 1,438 $ 2,134 $ 708 $ 6,405 Provision for loan losses 119 187 45 249 600 Charge-offs (57 ) (328 ) (34 ) — (419 ) Recoveries 191 147 3 — 341 Net recoveries (charge-offs) 134 (181 ) (31 ) — (78 ) Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 2,378 1,444 2,148 957 6,927 Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 LOANS RECEIVABLE Loans individually evaluated for impairment $ 1,468 $ — $ — $ — $ 1,468 Loans collectively evaluated for impairment 213,374 149,531 75,595 — 438,500 Ending balance $ 214,842 $ 149,531 $ 75,595 $ — $ 439,968 At or For the Six Months Ended June 30, 2015 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 1,872 $ 1,431 $ 1,184 $ 1,603 $ 6,090 Provision for loan losses 563 290 993 (646 ) 1,200 Charge-offs (248 ) (745 ) (34 ) — (1,027 ) Recoveries 191 468 5 — 664 Net charge-offs (57 ) (277 ) (29 ) — (363 ) Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 2,378 1,444 2,148 957 6,927 Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 LOANS RECEIVABLE Loans individually evaluated for impairment $ 1,468 $ — $ — $ — $ 1,468 Loans collectively evaluated for impairment 213,374 149,531 75,595 — 438,500 Ending balance $ 214,842 $ 149,531 $ 75,595 $ — $ 439,968 The following tables provide information pertaining to the aging analysis of past due loans at June 30, 2016 and December 31, 2015: June 30, 2016 REAL ESTATE LOANS 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due and Accruing Non-Accrual Total Past Due Current Total Loans Receivable Commercial $ — $ — $ — $ — $ — $ 50,936 $ 50,936 Construction and development — — — — — 76,601 76,601 Home equity 19 33 — 219 271 18,320 18,591 One-to-four-family — — — 39 39 115,411 115,450 Multi-family — — — — — 34,176 34,176 Total real estate loans 19 33 — 258 310 295,444 295,754 CONSUMER LOANS Indirect home improvement 270 147 — 300 717 101,529 102,246 Solar 7 10 — — 17 33,347 33,364 Marine 17 — — — 17 28,111 28,128 Other consumer 26 1 — 2 29 1,969 1,998 Total consumer loans 320 158 — 302 780 164,956 165,736 COMMERCIAL BUSINESS LOANS Commercial and industrial — — — 60 60 64,353 64,413 Warehouse lending — — — — — 34,659 34,659 Total commercial business loans — — — 60 60 99,012 99,072 Total loans $ 339 $ 191 $ — $ 620 $ 1,150 $ 559,412 $ 560,562 December 31, 2015 REAL ESTATE LOANS 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due and Accruing Non-Accrual Total Past Due Current Total Loans Receivable Commercial $ — $ — $ — $ — $ — $ 50,034 $ 50,034 Construction and development — — — — — 80,806 80,806 Home equity 157 20 — 47 224 16,316 16,540 One-to-four-family 48 — — 525 573 102,348 102,921 Multi-family — — — — — 22,223 22,223 Total real estate loans 205 20 — 572 797 271,727 272,524 CONSUMER LOANS Indirect home improvement 266 154 — 408 828 102,236 103,064 Solar 69 — — 37 106 29,120 29,226 Marine 28 — — — 28 23,823 23,851 Other consumer — — — — — 2,181 2,181 Total consumer loans 363 154 — 445 962 157,360 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial — — — — — 59,619 59,619 Warehouse lending — — — — — 20,817 20,817 Total commercial business loans — — — — — 80,436 80,436 Total loans $ 568 $ 174 $ — $ 1,017 $ 1,759 $ 509,523 $ 511,282 The following tables provide additional information about our impaired loans that have been segregated to reflect loans for which an allowance for credit losses has been provided and loans for which no allowance has been provided at June 30, 2016 and December 31, 2015: June 30, 2016 WITH NO RELATED ALLOWANCE RECORDED Unpaid Principal Balance Write- downs Recorded Investment Related Allowance Adjusted Recorded Investment Home equity $ 194 $ — $ 194 $ — $ 194 One-to-four-family 109 (12 ) 97 — 97 Total $ 303 $ (12 ) $ 291 $ — $ 291 December 31, 2015 WITH NO RELATED ALLOWANCE RECORDED Unpaid Principal Balance Write- downs Recorded Investment Related Allowance Adjusted Recorded Investment One-to-four-family $ 801 $ (67 ) $ 734 $ — $ 734 The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized and received for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, 2016 June 30, 2015 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial $ — $ — $ 767 $ 22 Home equity 195 1 153 1 One-to-four-family 99 1 796 11 294 2 1,716 34 WITH AN ALLOWANCE RECORDED Commercial and industrial — — 12 — Total $ 294 $ 2 $ 1,728 $ 34 Six Months Ended June 30, 2016 June 30, 2015 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial $ — — 992 38 Home equity 196 2 131 4 One-to-four-family 101 3 798 26 297 5 1,921 68 WITH AN ALLOWANCE RECORDED Commercial and industrial — — 25 — Total $ 297 $ 5 $ 1,946 $ 68 Credit Quality Indicators As part of the Company’s on-going monitoring of credit quality of the loan portfolio, management tracks certain credit quality indicators including trends related to (i) the risk grading of loans, (ii) the level of classified loans, (iii) net charge-offs, (iv) non-performing loans and (v) the general economic conditions in the Company’s markets. The Company utilizes a risk grading matrix to assign a risk grade to its real estate and commercial business loans. Loans are graded on a scale of 1 to 10, with loans in risk grades 1 to 6 considered “Pass” and loans in risk grades 7 to 10 are reported as classified loans in the Company’s allowance for loan loss analysis. A description of the 10 risk grades is as follows: • Grades 1 and 2 - These grades include loans to very high quality borrowers with excellent or desirable business credit. • Grade 3 - This grade includes loans to borrowers of good business credit with moderate risk. • Grades 4 and 5 - These grades include “Pass” grade loans to borrowers of average credit quality and risk. • Grade 6 - This grade includes loans on management’s “Watch” list and is intended to be utilized on a temporary basis for “Pass” grade borrowers where frequent and thorough monitoring is required due to credit weaknesses and where significant risk-modifying action is anticipated in the near term. • Grade 7 - This grade is for “Other Assets Especially Mentioned” ( “OAEM”) in accordance with regulatory guidelines and includes borrowers where performance is poor or significantly less than expected. • Grade 8 - This grade includes “Substandard” loans in accordance with regulatory guidelines which represent an unacceptable business credit where a loss is possible if loan weakness is not corrected. • Grade 9 - This grade includes “Doubtful” loans in accordance with regulatory guidelines where a loss is highly probable. • Grade 10 - This grade includes “Loss” loans in accordance with regulatory guidelines for which total loss is expected and when identified are charged off. Consumer, Home Equity and One-to-Four-Family Real Estate Loans Homogeneous loans are risk rated based upon the FDIC’s Uniform Retail Credit Classification and Account Management Policy. Loans classified under this policy at the Company are consumer loans which include indirect home improvement, solar, marine, other consumer, and one-to-four-family first and second liens. Under the Uniform Retail Credit Classification Policy, loans that are current or less than 90 days past due are graded “Pass” and risk rated “4” or “5” internally. Loans that are past due more than 90 days are classified “Substandard” and risk rated “8” internally until the loan has demonstrated consistent performance, typically six months of contractual payments. Closed-end loans that are 120 days past due and open-end loans that are 180 days past due are charged off based on the value of the collateral less cost to sell. The following tables summarize risk rated loan balances by category at June 30, 2016 and December 31, 2015: June 30, 2016 REAL ESTATE LOANS Pass (1 - 5) Watch (6) Special Substandard (8) Doubtful(9) Loss (10) Total Commercial $ 49,253 $ 1,683 $ — $ — $ — $ — $ 50,936 Construction and development 76,601 — — — — — 76,601 Home equity 18,372 — — 219 — — 18,591 One-to-four-family 115,411 — — 39 — — 115,450 Multi-family 34,176 — — — — — 34,176 Total real estate loans 293,813 1,683 — 258 — — 295,754 CONSUMER LOANS Indirect home improvement 101,944 — — 302 — — 102,246 Solar 33,364 — — — — — 33,364 Marine 28,128 — — — — — 28,128 Other consumer 1,998 — — — — — 1,998 Total consumer loans 165,434 — — 302 — — 165,736 COMMERCIAL BUSINESS LOANS Commercial and industrial 60,725 716 401 2,571 — — 64,413 Warehouse lending 34,659 — — — — — 34,659 Total commercial business loans 95,384 716 401 2,571 — — 99,072 Total loans $ 554,631 $ 2,399 $ 401 $ 3,131 $ — $ — $ 560,562 December 31, 2015 REAL ESTATE LOANS Pass (1 - 5) Watch (6) Special Mention (7) Substandard (8) Doubtful(9) Loss (10) Total Commercial $ 50,034 $ — $ — $ — $ — $ — $ 50,034 Construction and development 79,100 1,706 — — — — 80,806 Home equity 16,493 — — 47 — — 16,540 One-to-four-family 102,396 — — 525 — — 102,921 Multi-family 22,223 — — — — — 22,223 Total real estate loans 270,246 1,706 — 572 — — 272,524 CONSUMER LOANS Indirect home improvement 102,656 — — 408 — — 103,064 Solar 29,189 — — 37 — — 29,226 Marine 23,851 — — — — — 23,851 Other consumer 2,181 — — — — — 2,181 Total consumer loans 157,877 — — 445 — — 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial 54,977 2,352 335 1,955 — — 59,619 Warehouse lending 20,817 — — — — — 20,817 Total commercial business loans 75,794 2,352 335 1,955 — — 80,436 Total loans $ 503,917 $ 4,058 $ 335 $ 2,972 $ — $ — $ 511,282 Troubled Debt Restructured Loans Troubled debt restructured (“TDR”) loans are loans for which the Company, for economic or legal reasons related to the borrower’s financial condition, has granted a significant concession to the borrower that it would otherwise not consider. The loan terms which have been modified or restructured due to a borrower’s financial difficulty include but are not limited to: a reduction in the stated interest rate; an extension of the maturity at an interest rate below current market; a reduction in the face amount of the debt; a reduction in the accrued interest; or re-aging, extensions, deferrals and renewals. TDR loans are considered impaired loans and are individually evaluated for impairment. TDR loans can be classified as either accrual or non-accrual. TDR loans are classified as non-performing loans unless they have been performing in accordance with their modified terms for a period of at least six months in which case they are placed on accrual status. The Company had one TDR loan with a balance of $ 58,000 at June 30, 2016, which was still on accrual and included in impaired loans at June 30, 2016, and two TDR loans totaling $ 734,000 at December 31, 2015, of which one TDR loan with a balance of $ 525,000 was on non-accrual, and the remaining TDR loan of $ 209,000 was still on accrual. The Company had no commitments to lend additional funds on these restructured loans at June 30, 2016. The following table summarizes TDR loan balances at the dates indicated: June 30, December 31, 2016 2015 TDR loans on accrual $ 58 $ 209 TDR loans on non-accrual — 525 Total TDR loan balances $ 58 $ 734 For the three and six months ended June 30, 2016 and 2015 there were no TDR loans that were modified in the previous 12 months that subsequently defaulted in the reporting period.

Servicing Rights

Servicing Rights	6 Months Ended
	Jun. 30, 2016
Fair Value, Off-balance Sheet Risk [Abstract]
Servicing Rights	SERVICING RIGHTS Loans serviced for others are not included on the Consolidated Balance Sheets. The unpaid principal balances of mortgage, commercial, and consumer loans serviced for others were $785.0 million and $636.1 million at June 30, 2016 and December 31, 2015, respectively and are carried at the lower of cost or market. At June 30, 2016 and December 31, 2015, mortgage, commercial, and consumer servicing rights’ (“servicing rights”) assets are recorded on the Consolidated Balance Sheets at a book value of $ 6.8 million and $ 5.8 million, respectively. The fair market value of the servicing rights’ assets was $6.8 million at both June 30, 2016 and December 31, 2015. The following tables summarize servicing rights activity for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended 2016 2015 Beginning balance $ 6,104 $ 3,670 Additions 1,219 1,117 Servicing rights amortized (357 ) (217 ) Impairment on servicing rights (215 ) (1 ) Ending balance $ 6,751 $ 4,569 At or For the Six Months Ended 2016 2015 Beginning balance $ 5,811 $ 3,061 Additions 1,832 1,902 Servicing rights amortized (678 ) (394 ) Impairment on servicing rights (214 ) — Ending balance $ 6,751 $ 4,569 Fair value adjustments to mortgage, commercial, and consumer servicing rights were mainly due to market based assumptions associated with discounted cash flows, loan prepayment speeds, and changes in interest rates. A significant change in prepayments of the loans in the servicing portfolio could result in significant changes in the valuation adjustments, thus creating potential volatility in the carrying amount of servicing rights. The following provides valuation assumptions used in determining the fair value of servicing rights at the dates indicated: At June 30, Key assumptions: 2016 2015 Weighted average discount rate 9.5 % 8.5 % Conditional prepayment rate (“CPR”) 17.1 % 10.4 % Weighted average life in years 5.0 7.2 Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights (“MSR”) to immediate adverse changes in those assumptions at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Aggregate portfolio principal balance $ 780,582 $ 631,812 Weighted average rate of note 4.0 % 4.0 % At June 30, 2016 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 17.1 % 27.5 % 36.8 % Fair value MSR $ 6,747 $ 5,057 $ 4,137 Percentage of MSR 0.9 % 0.6 % 0.5 % Discount rate 9.5 % 10.0 % 10.5 % Fair value MSR $ 6,747 $ 6,639 $ 6,535 Percentage of MSR 0.9 % 0.9 % 0.8 % At December 31, 2015 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 12.2 % 17.8 % 25.3 % Fair value MSR $ 6,813 $ 5,660 $ 4,557 Percentage of MSR 1.1 % 0.9 % 0.7 % Discount rate 8.5 % 9.0 % 9.5 % Fair value MSR $ 6,813 $ 6,678 $ 6,548 Percentage of MSR 1.1 % 1.1 % 1.0 % The above tables show the sensitivity to market rate changes for the par rate coupon for a conventional one-to-four-family FNMA/FHLMC/GNMA serviced home loan. The above tables reference a 50 basis point and 100 basis point decrease in note rates. These sensitivities are hypothetical and should be used with caution as the tables above demonstrate the Company’s methodology for estimating the fair value of MSR is highly sensitive to changes in key assumptions. For example, actual prepayment experience may differ and any difference may have a material effect on MSR fair value. Changes in fair value resulting from changes in assumptions generally cannot be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Also, in these tables, the effects of a variation in a particular assumption on the fair value of the MSR is calculated without changing any other assumption; in reality, changes in one factor may be associated with changes in another (for example, decreases in market interest rates may provide an incentive to refinance; however, this may also indicate a slowing economy and an increase in the unemployment rate, which reduces the number of borrowers who qualify for refinancing), which may magnify or counteract the sensitivities. Thus, any measurement of MSR fair value is limited by the conditions existing and assumptions made at a particular point in time. Those assumptions may not be appropriate if they are applied to a different point in time. The Company recorded $461,000 and $281,000 of contractually specified servicing fees, late fees, and other ancillary fees resulting from servicing of mortgage, commercial and consumer loans for the three months ended June 30, 2016 and 2015, respectively, and $ 879,000 and $ 514,000 for the six months ended June 30, 2016 and 2015, respectively. The income, net of amortization, is reported in noninterest income.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DERIVATIVES The Company regularly enters into commitments to originate and sell loans held for sale. The Company has established a hedging strategy to protect itself against the risk of loss associated with interest rate movements on loan commitments. The Company enters into contracts to sell forward To-Be-Announced (“TBA”) mortgage-backed securities. These commitments and contracts are considered derivatives but have not been designated as hedging instruments. Rather, they are accounted for as free-standing derivatives, or economic hedges, with changes in the fair value of the derivatives reported in noninterest income. The Company recognizes all derivative instruments as either other assets or other liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. The following tables summarize the Company’s derivative instruments at the dates indicated: June 30, 2016 Fair Value Notional Asset Liability Fallout adjusted interest rate lock commitments with customers $ 75,579 $ 2,058 $ — Mandatory and best effort forward commitments with investors 24,753 — 3 Forward TBA mortgage-backed securities 105,000 — 1,003 TBA mortgage-backed securities forward sales paired off with investors 35,500 — 150 December 31, 2015 Fair Value Notional Asset Liability Fallout adjusted interest rate lock commitments with customers $ 34,154 $ 698 $ — Mandatory and best effort forward commitments with investors 24,135 74 — Forward TBA mortgage-backed securities 49,000 3 — TBA mortgage-backed securities forward sales paired off with investors 28,500 30 — Changes in the fair value of the derivatives recognized in other noninterest income on the Consolidated Statements of Income and included in gain on sale of loans was $545,000 and $417,000 for the three months ended June 30, 2016 and 2015, respectively, and $983,000 and $ 1.5 million for the six months ended June 30, 2016 and 2015, respectively.

Other Real Estate Owned

Other Real Estate Owned	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Other Real Estate Owned	OTHER REAL ESTATE OWNED The following table presents the activity related to OREO for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended June 30, At or For the Six Months Ended June 30, 2016 2015 2016 2015 Beginning balance $ 320 $ — $ — $ — Additions — — 525 — Capitalized costs 1 — 7 — Disposition of assets (321 ) — (532 ) — Ending balance $ — $ — $ — $ — There were no OREO properties at June 30, 2016 and 2015. For the three and six months ended June 30, 2016, the Company recorded a $150,000 net gain on the disposal of OREO, and for the three and six months ended June 30, 2015, no net gain or (loss) on disposal of OREO. There were no holding costs associated with OREO for the three and six months ended June 30, 2016 and 2015.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Deposits	DEPOSITS Deposits are summarized as follows at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 (3) 2015 Noninterest-bearing checking $ 145,304 $ 66,676 Interest-bearing checking 54,709 34,098 Savings 50,049 30,126 Money market 232,754 159,605 Certificates of deposit less than $100,000 (1) 72,014 65,175 Certificates of deposit of $100,000 through $250,000 76,971 91,317 Certificates of deposit of $250,000 and over (2) 26,811 32,610 Escrow accounts related to mortgages serviced 7,504 5,571 Total $ 666,116 $ 485,178 (1) Includes $24.8 million of brokered deposits at June 30, 2016 and $27.9 million at December 31, 2015. (2) Time deposits that meet or exceed the FDIC insurance limit. (3) Includes $171.3 million of deposits acquired in the Branch Purchase. Scheduled maturities of time deposits at June 30, 2016 for future periods ending is as follows: At June 30, 2016 2016 $ 31,128 2017 73,598 2018 49,732 2019 8,155 2020 7,697 Thereafter 5,486 Total $ 175,796 The Bank pledged 12 securities held at the FHLB of Des Moines with a fair value of $13.4 million to secure Washington State public deposits of $8.5 million with a $625,000 collateral requirement by the Washington Public Deposit Protection Commission at June 30, 2016. Federal Reserve regulations require that the Bank maintain reserves in the form of cash on hand and deposit balances with the Federal Reserve Bank, based on a percentage of deposits. The amounts of such balances at June 30, 2016 and December 31, 2015 were $12.8 million and $3.0 million , respectively, and were in compliance with Federal Reserve regulations. Interest expense by deposit category for the three and six months ended June 30, 2016 and 2015 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Interest-bearing checking $ 7 $ 7 $ 12 $ 13 Savings and money market 254 259 500 498 Certificates of deposit 524 546 1,091 1,048 Total $ 785 $ 812 $ 1,603 $ 1,559

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments - The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized on the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The following table provides a summary of the Company’s commitments at June 30, 2016 and December 31, 2015: COMMITMENTS TO EXTEND CREDIT June 30, December 31, REAL ESTATE LOANS 2016 2015 Commercial $ — $ 1,988 Construction and development 45,963 44,109 One-to-four-family (includes held for sale) 136,624 76,013 Home equity 22,382 18,089 Multi-family 432 429 Total real estate loans 205,401 140,628 CONSUMER LOANS 8,444 5,754 COMMERCIAL BUSINESS LOANS Commercial and industrial 30,711 39,537 Warehouse lending 40,591 27,601 Total commercial business loans 71,302 67,138 Total commitments to extend credit $ 285,147 $ 213,520 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the amount of the total commitments do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon an extension of credit, is based on management’s credit evaluation of the party. Collateral held varies, but may include accounts receivable, inventory, property and equipment, residential real estate, and income-producing commercial properties. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not contain a specified maturity date and ultimately may not be drawn upon to the total extent to which the Company is committed. The Company has established reserves for estimated losses from unfunded commitments of $156,000 at June 30, 2016 and $147,000 at December 31, 2015. One-to-four-family commitments included in the table above are accounted for as fair value derivatives and do not carry an associated loss reserve. The Company has entered into a severance agreement with its Chief Executive Officer. The severance agreement, subject to certain requirements, generally includes a lump sum payment to the Chief Executive Officer equal to 24 months of base compensation in the event his employment is involuntarily terminated, other than for cause or the executive terminates his employment with good reason, as defined in the severance agreement. The Company has entered into change of control agreements with its Chief Financial Officer, Chief Operating Officer, Chief Lending Officer, and two Executive Vice Presidents of Home Lending. The change of control agreements, subject to certain requirements, generally remain in effect until canceled by either party upon at least 24 months prior written notice. Under the change of control agreements the executive generally will be entitled to a change of control payment from the Company if the executive is involuntarily terminated within six months preceding or 12 months after a change in control (as defined in the change of control agreements). In such an event, the executives would each be entitled to receive a cash payment in an amount equal to 12 months of their then current salary, subject to certain requirements in the change of control agreements. Because of the nature of our activities, the Company is subject to various pending and threatened legal actions, which arise in the ordinary course of business. From time to time, subordination liens may create litigation which requires us to defend our lien rights. In the opinion of management, liabilities arising from these claims, if any, will not have a material effect on our financial position. The Company had no material pending legal actions at June 30, 2016. Contingent liabilities for loans held for sale - In the ordinary course of business, the Company sells loans without recourse that may have to subsequently be repurchased due to defects that occurred during the origination of the loan. The defects are categorized as documentation errors, underwriting errors, early payment defaults, breach of representation or warranty, servicing errors, and fraud. When a loan sold to an investor without recourse fails to perform according to its contractual terms, the investor will typically review the loan file to determine whether defects in the origination process occurred. If a defect is identified, the Company may be required to either repurchase the loan or indemnify the investor for losses sustained. If there are no such defects, the Company has no commitment to repurchase the loan. The Company has recorded reserves of $700,000 and $561,000 to cover loss exposure related to these guarantees for one-to-four-family loans sold into the secondary market at June 30, 2016 and December 31, 2015, respectively, which is included in other liabilities in the Consolidated Balance Sheets.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. Consequently, the fair value of the Company’s consolidated financial instruments will change when interest rate levels change and that change may either be favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed interest rate obligations are less likely to prepay in a rising interest rate environment and more likely to prepay in a falling interest rate environment. Conversely, depositors who are receiving fixed interest rates are more likely to withdraw funds before maturity in a rising interest rate environment and less likely to do so in a falling interest rate environment. Management monitors interest rates and maturities of assets and liabilities, and attempts to minimize interest rate risk by adjusting terms of new loans, and deposits, and by investing in securities with terms that mitigate the Company’s overall interest rate risk. Accounting guidance regarding fair value measurements defines fair value and establishes a framework for measuring fair value in accordance with U.S. GAAP. Fair value is the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The following definitions describe the levels of inputs that may be used to measure fair value: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Determination of Fair Market Values: Securities - Securities available-for-sale are recorded at fair value on a recurring basis. The fair value of investments and mortgage-backed securities are provided by a third-party pricing service. These valuations are based on market data using pricing models that vary by asset class and incorporate available current trade, bid, and other market information, and for structured securities, cash flow, and loan performance data. The pricing processes utilize benchmark curves, benchmarking of similar securities, sector groupings, and matrix pricing. Option adjusted spread models are also used to assess the impact of changes in interest rates and to develop prepayment scenarios. Transfers between the fair value hierarchy are determined through the third-party service provider which, from time to time will transfer between levels based on market conditions per the related security. All models and processes used, take into account market convention (Level 2). Mortgage Loans Held for Sale - The fair value of loans held for sale reflects the value of commitments with investors and/or the relative price as delivered into a TBA mortgage-backed security (Level 2). Derivative Instruments - The fair value of the interest rate lock commitments and forward sales commitments are estimated using quoted or published market prices for similar instruments, adjusted for factors such as pull-through rate assumptions based on historical information, where appropriate. TBA mortgage-backed securities are fair valued on similar contracts in active markets (Level 2) while locks and forwards with customers and investors are valued using similar contracts in the market and changes in the market interest rates (Levels 2 and 3). Impaired Loans - Fair value adjustments to impaired collateral dependent loans are recorded to reflect partial write-downs based on the current appraised value of the collateral or internally developed models, which contain management’s assumptions (Level 3). The following tables present securities available-for-sale measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015: Securities Available-for-Sale At June 30, 2016 Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 9,330 $ — $ 9,330 Municipal bonds — 26,051 — 26,051 Corporate securities — 7,572 — 7,572 U.S. Small Business Administration securities — 6,103 — 6,103 Mortgage-backed securities — 48,672 — 48,672 Total $ — $ 97,728 $ — $ 97,728 Securities Available-for-Sale At December 31, 2015 Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 6,035 $ — $ 6,035 Municipal bonds — 18,891 — 18,891 Corporate securities — 3,433 — 3,433 U.S. Small Business Administration securities — 4,023 — 4,023 Mortgage-backed securities — 22,835 — 22,835 Total $ — $ 55,217 $ — $ 55,217 The following table presents mortgage loans held for sale measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015: Mortgage Loans Held for Sale Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ 63,696 $ — $ 63,696 December 31, 2015 $ — $ 44,925 $ — $ 44,925 The following tables present the fair value of interest rate lock commitments with customers, individual forward sale commitments with investors, and paired off commitments with investors measured at their fair value on a recurring basis at June 30, 2016 and December 31, 2015: Interest Rate Lock Commitments with Customers Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ — $ 2,058 $ 2,058 December 31, 2015 $ — $ — $ 698 $ 698 Individual Forward Sale Commitments with Investors Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ (1,003 ) $ (3 ) $ (1,006 ) December 31, 2015 $ — $ 3 $ 74 $ 77 Paired Off Commitments with Investors Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ (150 ) $ — $ (150 ) December 31, 2015 $ — $ 30 $ — $ 30 The following table presents impaired loans measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting period. The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were made, and not necessarily the fair value as of the dates reported upon. Impaired Loans Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ — $ 291 $ 291 December 31, 2015 $ — $ — $ 734 $ 734 Quantitative Information about Level 3 Fair Value Measurements - Shown below is the fair value of financial instruments measured under a Level 3 unobservable input on a recurring and nonrecurring basis at June 30, 2016 table: Level 3 Fair Value Instrument Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Weighted Average RECURRING Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% 92.8% Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% 92.8% NONRECURRING Impaired loans Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 18.0% 0.0% An increase in the pull-through rate utilized in the fair value measurement of the interest rate lock commitments with customers and forward sale commitments with investors will result in positive fair value adjustments (and an increase in the fair value measurement). Conversely, a decrease in the pull-through rate will result in a negative fair value adjustment (and a decrease in the fair value measurement). The following tables provide a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Beginning Balance Purchases and Issuances Sales and Settlements Ending Balance Net change in fair value for gains/(losses) relating to items held at end of period 2016 Interest rate lock commitments with customers $ 1,429 $ 4,513 $ (3,884 ) $ 2,058 $ 629 Individual forward sale commitments with investors (28 ) (2 ) 27 (3 ) 25 2015 Interest rate lock commitments with customers $ 1,026 $ 2,816 $ (2,908 ) $ 934 $ (92 ) Individual forward sale commitments with investors (55 ) 147 18 110 165 Six Months Ended June 30, Beginning Balance Purchases and Issuances Sales and Settlements Ending Balance Net change in fair value for gains/(losses) relating to items held at end of period 2016 Interest rate lock commitments with customers $ 698 $ 8,276 $ (6,916 ) $ 2,058 $ 1,360 Individual forward sale commitments with investors 74 (206 ) 129 (3 ) (77 ) 2015 Interest rate lock commitments with customers $ 396 $ 5,963 $ (5,425 ) $ 934 $ 538 Individual forward sale commitments with investors 12 87 11 110 98 Gains (losses) on interest rate lock commitments carried at fair value are recorded in other noninterest income. Gains (losses) on forward sale commitments with investors carried at fair value are recorded within other noninterest income. Fair Values of Financial Instruments - The following methods and assumptions were used by the Company in estimating the fair values of financial instruments disclosed in these financial statements: Cash, and Cash Equivalents and Certificates of Deposit at Other Financial Institutions - The carrying amounts of cash and short-term instruments approximates their fair value (Level 1). Federal Home Loan Bank stock - The par value of FHLB stock approximates its fair value (Level 2). Accrued Interest - The carrying amounts of accrued interest approximates its fair value (Level 2). Loans Receivable, Net - For variable rate loans that re-price frequently and have no significant change in credit risk, fair values are based on carrying values. Fair values for fixed rate loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers or similar credit quality (Level 3). Servicing Rights - The fair value of mortgage, commercial and consumer servicing rights are estimated using net present value of expected cash flows using a third party model that incorporates assumptions used in the industry to value such rights, adjusted for factors such as weighted average prepayments speeds based on historical information, where appropriate (Level 3). Deposits - The fair value of deposits with no stated maturity date is included at the amount payable on demand. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation on interest rates currently offered on similar certificates (Level 2). Borrowings - The carrying amounts of advances maturing within 90 days approximate their fair values. The fair values of long-term advances are estimated using discounted cash flow analyses based on the Bank’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2). Subordinated Note - The fair value of the Subordinated Note is based upon the average yield of debt issuances in the second quarter of 2016 for similarly sized issuances (Level 2). Off-Balance Sheet Instruments - The fair value of commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and the present creditworthiness of the customers. The majority of the Company’s off-balance sheet instruments consist of non-fee producing, variable-rate commitments, the Company has determined they do not have a distinguishable fair value. The fair value of loan lock commitments with customers and investors reflect an estimate of value based upon the interest rate lock date, the expected pull through percentage for the commitment, and the interest rate at year end (Levels 2 and 3). The following table provides estimated fair values of the Company’s financial instruments at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 Financial Assets Carrying Amount Fair Value Carrying Amount Fair Value Level 1 inputs: Cash and cash equivalents $ 14,892 $ 14,892 $ 24,445 $ 24,445 Certificates of deposit at other financial institutions 14,010 14,010 12,421 12,421 Level 2 inputs: Securities available-for-sale, at fair value 97,728 97,728 55,217 55,217 Loans held for sale, at fair value 63,696 63,696 44,925 44,925 FHLB stock, at cost 1,600 1,600 4,551 4,551 Accrued interest receivable 2,420 2,420 2,107 2,107 Individual forward sale commitments with investors — — 3 3 Paired off commitments with investors — — 30 30 Level 3 inputs: Loans receivable, net 550,104 638,928 502,535 566,209 Servicing rights, held at lower of cost or fair value 6,751 6,751 5,811 6,848 Fair value interest rate locks with customers 2,058 2,058 698 698 Individual forward sale commitments with investors — — 74 74 Financial Liabilities Level 2 inputs: Deposits 666,116 672,667 485,178 494,871 Borrowings 19,670 19,754 98,769 98,739 Subordinated note 10,000 9,550 10,000 9,550 Accrued interest payable 183 183 22 22 Individual forward sale commitments with investors 1,003 1,003 — — Paired off commitments with investors 150 150 — — Level 3 inputs: Individual forward sale commitments with investors 3 3 — —

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFITS Employee Stock Ownership Plan On January 1, 2012, the Company established an ESOP for eligible employees of the Company and the Bank. Employees of the Company and the Bank who have been credited with at least 1,000 hours of service during a 12 -month period are eligible to participate in the ESOP. The ESOP borrowed $ 2.6 million from FS Bancorp, Inc. and used those funds to acquire 259,210 shares of FS Bancorp, Inc. common stock in the open market at an average price of $10.17 per share during the second half of 2012. It is anticipated that the Bank will make contributions to the ESOP in amounts necessary to amortize the ESOP loan payable to FS Bancorp, Inc. over a period of 10 years , bearing interest at 2.30% . Intercompany expenses associated with the ESOP are eliminated in consolidation. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to FS Bancorp, Inc. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Bank’s discretionary contributions to the ESOP and earnings on the ESOP assets. Payments of principal and interest are due annually on December 31, the Company’s fiscal year end. On December 31, 2015, the ESOP paid the fourth annual installment of principal in the amount of $251,000 , plus accrued interest of $44,000 pursuant to the ESOP loan agreement. As shares are committed to be released from collateral, the Company reports compensation expense equal to the average daily market prices of the shares at June 30, 2016 for the prior 90 days. These shares become outstanding for earnings per share computations. The compensation expense is accrued monthly throughout the year. Dividends on allocated ESOP shares are recorded as a reduction of retained earnings; dividends on unallocated ESOP shares are recorded as a reduction of debt and accrued interest. Compensation expense related to the ESOP was $166,000 and $137,000 for the three months ended June 30, 2016 and 2015, respectively, and $ 326,000 and $ 259,000 for the six months ended June 30, 2016 and 2015, respectively. Shares held by the ESOP at June 30, 2016 were as follows (shown as actual): Balances Allocated shares 102,359 Committed to be released shares 12,960 Unallocated shares 142,566 Total ESOP shares 257,885 Fair value of unallocated shares (in thousands) $ 3,577

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Basic earnings per share are computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For earnings per share calculations, the ESOP shares committed to be released are included as outstanding shares for both basic and diluted earnings per share. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended At or For the Six Months Ended June 30, June 30, Numerator: 2016 2015 2016 2015 Net income (in thousands) $ 2,835 $ 2,794 $ 4,496 $ 4,864 Denominator: Basic weighted average common shares outstanding 2,887,525 2,962,302 2,920,923 2,952,223 Dilutive shares 78,506 41,677 81,789 33,104 Diluted weighted average common shares outstanding 2,966,031 3,003,979 3,002,712 2,985,327 Basic earnings per share $ 0.98 $ 0.94 $ 1.54 $ 1.65 Diluted earnings per share $ 0.96 $ 0.93 $ 1.50 $ 1.63

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION Stock Options and Restricted Stock In September 2013, the shareholders of FS Bancorp, Inc. approved the FS Bancorp, Inc. 2013 Equity Incentive Plan (“Plan”). The Plan provides for the grant of stock options and restricted stock awards. Total share-based compensation expense for the Plan was $199,000 and $ 393,000 for the three and six months ended June 30, 2016, respectively, and $191,000 and $ 373,000 for the three and six months ended June 30, 2015, respectively. Stock Options The Plan authorizes the grant of stock options totaling 324,013 shares to Company directors and employees. Option awards were granted with an exercise price equal to the market price of FS Bancorp’s common stock at the grant date, May 8, 2014, of $16.89 per share. These option awards were granted as non-qualified stock options, having a vesting period of five years, with 20% vesting on the anniversary date of each grant date, and a contractual life of 10 years. Any unexercised stock options will expire 10 years after the grant date or sooner in the event of the award recipient’s termination of service with the Company or the Bank. The fair value of each option award is estimated on the grant date using a Black-Scholes Option pricing 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 Company became a publicly held company in July 2012, therefore historical data was not available to calculate the volatility for FS Bancorp stock. Given this limitation, management utilized a proxy to determine the expected volatility of FS Bancorp’s stock. The proxy chosen was the NASDAQ Bank Index, or NASDAQ Bank (NASDAQ symbol: BANK). This index provides the volatility of the banking sector for NASDAQ traded banks. The majority of smaller banks are traded on the NASDAQ given the costs and daily interaction required with trading on the New York Stock Exchange. The Company utilized the comparable Treasury rate for the discount rate associated with the stock options granted. The Company elected to use Staff Accounting Bulletin 107, simplified expected term calculation for 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 6.5 years. The following table presents a summary of the Company’s stock option plan awards during the six months ended June 30, 2016 (shown as actual): Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term In Years Aggregate Intrinsic Value Outstanding at January 1, 2016 306,900 $ 16.89 8.36 $ 2,794,570 Granted — — — — Less exercised 6,300 16.89 — 49,140 Forfeited or expired — — — — Outstanding at June 30, 2016 300,600 $ 16.89 7.86 $ 2,543,076 Expected to vest, assuming a 0.31% annual forfeiture rate 299,507 $ 16.89 7.86 $ 2,533,827 Exercisable at June 30, 2016 110,400 $ 16.89 7.86 $ 933,984 At June 30, 2016, there was $654,000 of total unrecognized compensation cost related to nonvested stock options granted under the Plan. The cost is expected to be recognized over the remaining weighted-average vesting period of 2.9 years. Restricted Stock Awards The Plan authorizes the grant of restricted stock awards totaling 129,605 shares to Company directors and employees, and all but 4,500 shares were granted on May 8, 2014 at a grant date fair value of $16.89 per share. The remaining 4,500 restricted stock awards were granted January 1, 2016 at a grant date fair value of $26.00 per share. Compensation expense is recognized over the vesting period of the awards based on the fair value of the restricted stock. The restricted stock awards’ fair value is equal to the value on the grant date. Shares awarded as restricted stock vest ratably over a three -year period for directors and a five -year period for employees, beginning at the grant date. Any unexercised restricted stock awards will expire after vesting or sooner in the event of the award recipient’s termination of service with the Company or the Bank. The following table presents a summary of the Company’s nonvested awards during the six months ended June 30, 2016 (shown as actual): Nonvested Shares Shares Weighted-Average Grant-Date Fair Value Per Share Weighted-Average Grant-Date Fair Value Nonvested at January 1, 2016 94,684 $ 16.89 $ 1,599,212 Granted 4,500 26.00 117,000 Less vested 30,421 16.89 513,811 Forfeited or expired — — — Nonvested at June 30, 2016 68,763 $ 17.49 $ 1,202,401 At June 30, 2016, there was $1.1 million of total unrecognized compensation costs related to nonvested shares granted as restricted stock awards. The cost is expected to be recognized over the remaining weighted-average vesting period of 2.5 years.

Regulatory Capital

Regulatory Capital	6 Months Ended
	Jun. 30, 2016
Regulatory Capital Requirements [Abstract]
Regulatory Capital	REGULATORY CAPITAL The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines of the regulatory framework for prompt corrective action, the Bank must meet specific capital adequacy guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital classification is also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of Tier 1 total capital (as defined) and common equity Tier 1 (“CET 1”) capital to risk-weighted assets (as defined). The Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below to be categorized as well capitalized. At June 30, 2016 and December 31, 2015, the Bank was categorized as well capitalized under applicable regulatory requirements. There are no conditions or events since that notification that management believes have changed the Bank’s category. The following tables compare the Bank’s actual capital amounts and ratios at June 30, 2016 and December 31, 2015 to their minimum regulatory capital requirements and well capitalized regulatory capital at those dates (dollars in thousands): To be Well Capitalized Under Prompt Corrective Action Provisions For Capital Adequacy Purposes Bank Only Actual At June 30, 2016 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets) $ 87,222 14.02 % $ 49,759 8.00 % $ 62,198 10.00 % Tier 1 risk-based capital (to risk-weighted assets) $ 79,431 12.77 % $ 37,319 6.00 % $ 49,759 8.00 % Tier 1 leverage capital (to average assets) $ 79,431 10.14 % $ 31,326 4.00 % $ 39,158 5.00 % CET 1 capital (to risk-weighted assets) $ 79,431 12.77 % $ 27,989 4.50 % $ 40,429 6.50 % At December 31, 2015 Total risk-based capital (to risk-weighted assets) $ 85,570 15.51 % $ 44,132 8.00 % $ 55,164 10.00 % Tier 1 risk-based capital (to risk-weighted assets) $ 78,662 14.26 % $ 33,099 6.00 % $ 44,132 8.00 % Tier 1 leverage capital (to average assets) $ 78,662 12.14 % $ 25,924 4.00 % $ 32,406 5.00 % CET 1 capital (to risk-weighted assets) $ 78,662 14.26 % $ 24,824 4.50 % $ 35,857 6.50 % In addition to the minimum CET 1, Tier 1 and total capital ratios, the Bank will have to maintain a capital conservation buffer consisting of additional CET 1 capital equal to 2.5% of risk-weighted assets above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. This new capital conservation buffer requirement began to be phased in starting in January 2016 at 0.625% of risk-weighted assets and will increase each year until fully implemented in January 2019. FS Bancorp, Inc. is a bank holding company subject to the capital adequacy requirements of the Federal Reserve under the Bank Holding Company Act of 1956, as amended, and the regulations of the Federal Reserve. For a bank holding company with less than $1.0 billion in assets, the capital guidelines apply on a bank only basis and the Federal Reserve expects the holding company’s subsidiary banks to be well capitalized under the prompt corrective action regulations. If FS Bancorp, Inc. was subject to regulatory guidelines for bank holding companies with $1.0 billion or more in assets, at June 30, 2016, the Company would have exceeded all regulatory capital requirements. The regulatory capital ratios calculated for FS Bancorp, Inc. at June 30, 2016 were 9.1% for Tier 1 leverage-based capital, 11.5% for Tier 1 risk-based capital, 12.8% for total risk-based capital, and 11.5% for CET 1 capital ratio.

Basis of Presentation and Sum22

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Financial Statement Presentation	Financial Statement Presentation - The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the Company’s Annual Report on Form 10-K with all of the audited information and footnotes required by U.S. GAAP for complete financial statements for the year ended December 31, 2015, as filed with the SEC on March 25, 2016. In the opinion of management, all normal adjustments and recurring accruals considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. The results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016, or any other future period. The preparation of financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. Material estimates that are particularly susceptible to change in the near term are allowances for loan losses, fair value of measurements, servicing assets, and deferred income taxes. Amounts presented in the consolidated financial statements and footnote tables are rounded and presented in thousands of dollars except per share amounts. In the narrative footnote discussion, amounts are rounded and presented in millions of dollars to one decimal point if the amounts are above $1.0 million. Amounts below $1.0 million are rounded and presented in dollars to the nearest thousands. Certain prior year amounts have been reclassified to conform to the 2016 presentation with no change to consolidated net income or stockholders’ equity previously reported.
Principles of Consolidation	Principles of Consolidation - The consolidated financial statements include the accounts of FS Bancorp, Inc. and its wholly owned subsidiary, 1st Security Bank of Washington. All material intercompany accounts have been eliminated in consolidation.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which creates Topic 606 and supersedes Topic 605, Revenue Recognition. In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) , which postponed the effective date of 2014-09. In March 2016, the FASB issued ASU 2016-08, R evenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net , which amended the principal versus agent implementation guidance set for in ASU 2014-09. Among other things, ASU 2016-08 clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. In April 2016, the FASB issued ASU No. 2016-10, R evenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing . The ASU amends certain aspects of the guidance set forth in the FASB's new revenue standard related to identifying performance obligations and licensing implementation. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In general, the new guidance requires companies to use more judgment and make more estimates than under current guidance, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In May 2016, the FASB issued ASU No. 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting , which rescinds SEC paragraphs pursuant to two SEC Staff Announcements at the March 3, 2016 Emerging Issues Task Force (EITF) meeting which were codified in Topic 605, Revenue Recognition and Topic 932, Extractive Activities - Oil and Gas . In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, which provides clarifying guidance in certain narrow areas and adds some practical expedients, but does not change the core revenue recognition principle in Topic 606. The standard is effective for public entities for interim and annual periods beginning after December 15, 2017; early adoption is not permitted. For financial reporting purposes, the standard allows for either full retrospective adoption, meaning the standard is applied to all of the periods presented, or modified retrospective adoption, meaning the standard is applied only to the most current period presented in the financial statements with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company is currently evaluating the provisions to determine the potential impact the new standard will have on the Company's consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU is intended to improve the recognition and measurement of financial instruments. This ASU requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. In addition, the amendments in this ASU require the exit price notion be used when measuring the fair value of financial instruments for disclosure purposes and requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. This ASU also eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. The ASU also requires a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU No. 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for certain provisions. The Company is currently evaluating the impact of this ASU on the Company’s consolidated financial statements. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . ASU No. 2016-02 requires lessees to recognize on the balance sheet the assets and liabilities arising from operating leases. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. A lessee should include payments to be made in an optional period only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. For a finance lease, interest payments should be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income. For operating leases, the lease cost should be allocated over the lease term on a generally straight-line basis. The amendments in ASU 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendments in the ASU is permitted. The adoption of ASU 2016-02 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments . The ASU simplifies the embedded derivative analysis for debt instruments containing contingent call or put options by removing the requirement to assess whether a contingent event is related to interest rates or credit risks. The ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting . The ASU eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an adjustment must be made to the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The ASU is effective for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The amendments in this update seek to simplify several aspects of the accounting for employee share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company for annual periods beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption of the update is permitted. The Company is currently evaluating the impact of this ASU on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of this ASU on the Company's consolidated financial statements.
Loan Portfolio Segment	The Company has defined its loan portfolio into three segments that reflect the structure of the lending function, the Company’s strategic plan and the manner in which management monitors performance and credit quality. The three loan portfolio segments are: (a) Real Estate Loans, (b) Consumer Loans and (c) Commercial Business Loans. Each of these segments is disaggregated into classes based on the risk characteristics of the borrower and/or the collateral type securing the loan. The following is a summary of each of the Company’s loan portfolio segments and classes: Real Estate Loans Commercial Lending . Loans originated by the Company primarily secured by income producing properties, including retail centers, warehouses, and office buildings located in our market areas. Construction and Development Lending . Loans originated by the Company for the construction of, and secured by, commercial real estate, one-to-four-family, and multi-family residences and tracts of land for development that are not pre-sold. Home Equity Lending . Loans originated by the Company secured by second mortgages on one-to-four-family residences in our market areas. One-to-Four-Family Real Estate Lending . Loans originated by the Company secured by first mortgages on one-to-four-family residences in our market areas that the Company intends to hold (excludes loans held for sale). Multi-Family Lending . Apartment term lending ( five or more units) to current banking customers and community reinvestment loans for low to moderate income individuals in the Company’s footprint. Consumer Loans Indirect Home Improvement . Fixture secured loans are originated by the Company for home improvement and are secured by the personal property installed in, on, or at the borrower’s real property, and may be perfected with a UCC-2 financing statement filed in the county of the borrower’s residence. These indirect home improvement loans include replacement windows, siding, roofing, and other home fixture installations. Solar. Fixture secured loans are originated by the Company for home improvement and are secured by the personal property installed in, on, or at the borrower’s real property, and may be perfected with a UCC-2 financing statement filed in the county of the borrower’s residence. Marine . Loans originated by the Company secured by boats to borrowers primarily located in its market areas. Other Consumer. Loans originated by the Company, including automobiles, recreational vehicles, direct home improvement loans, loans on deposits, and other consumer loans, primarily consisting of personal lines of credit. Commercial Business Loans Commercial and Industrial Lending . Loans originated by the Company to local small and mid-sized businesses in our Puget Sound market area are secured primarily by accounts receivable, inventory, or personal property, plant and equipment. Commercial and industrial loans are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. Warehouse Lending . Loans originated by the Company’s mortgage and construction warehouse lending program through which the Company funds third-party bankers originating residential mortgage and construction loans for sale into the secondary market. These loans are secured by the notes and assigned deeds of trust associated with the residential mortgage and construction loans on properties primarily located in the Company’s market areas.
Credit Quality Indicators	The Company utilizes a risk grading matrix to assign a risk grade to its real estate and commercial business loans. Loans are graded on a scale of 1 to 10, with loans in risk grades 1 to 6 considered “Pass” and loans in risk grades 7 to 10 are reported as classified loans in the Company’s allowance for loan loss analysis. A description of the 10 risk grades is as follows: • Grades 1 and 2 - These grades include loans to very high quality borrowers with excellent or desirable business credit. • Grade 3 - This grade includes loans to borrowers of good business credit with moderate risk. • Grades 4 and 5 - These grades include “Pass” grade loans to borrowers of average credit quality and risk. • Grade 6 - This grade includes loans on management’s “Watch” list and is intended to be utilized on a temporary basis for “Pass” grade borrowers where frequent and thorough monitoring is required due to credit weaknesses and where significant risk-modifying action is anticipated in the near term. • Grade 7 - This grade is for “Other Assets Especially Mentioned” ( “OAEM”) in accordance with regulatory guidelines and includes borrowers where performance is poor or significantly less than expected. • Grade 8 - This grade includes “Substandard” loans in accordance with regulatory guidelines which represent an unacceptable business credit where a loss is possible if loan weakness is not corrected. • Grade 9 - This grade includes “Doubtful” loans in accordance with regulatory guidelines where a loss is highly probable. • Grade 10 - This grade includes “Loss” loans in accordance with regulatory guidelines for which total loss is expected and when identified are charged off. Consumer, Home Equity and One-to-Four-Family Real Estate Loans Homogeneous loans are risk rated based upon the FDIC’s Uniform Retail Credit Classification and Account Management Policy. Loans classified under this policy at the Company are consumer loans which include indirect home improvement, solar, marine, other consumer, and one-to-four-family first and second liens. Under the Uniform Retail Credit Classification Policy, loans that are current or less than 90 days past due are graded “Pass” and risk rated “4” or “5” internally. Loans that are past due more than 90 days are classified “Substandard” and risk rated “8” internally until the loan has demonstrated consistent performance, typically six months of contractual payments. Closed-end loans that are 120 days past due and open-end loans that are 180 days past due are charged off based on the value of the collateral less cost to sell.
Troubled Debt Restructured Loans	TDR loans are considered impaired loans and are individually evaluated for impairment. TDR loans can be classified as either accrual or non-accrual. TDR loans are classified as non-performing loans unless they have been performing in accordance with their modified terms for a period of at least six months in which case they are placed on accrual status.
Derivatives	The Company regularly enters into commitments to originate and sell loans held for sale. The Company has established a hedging strategy to protect itself against the risk of loss associated with interest rate movements on loan commitments. The Company enters into contracts to sell forward To-Be-Announced (“TBA”) mortgage-backed securities. These commitments and contracts are considered derivatives but have not been designated as hedging instruments. Rather, they are accounted for as free-standing derivatives, or economic hedges, with changes in the fair value of the derivatives reported in noninterest income. The Company recognizes all derivative instruments as either other assets or other liabilities on the Consolidated Balance Sheets and measures those instruments at fair value.
Loan Commitments	The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.
Determination of Fair Market Values	Determination of Fair Market Values: Securities - Securities available-for-sale are recorded at fair value on a recurring basis. The fair value of investments and mortgage-backed securities are provided by a third-party pricing service. These valuations are based on market data using pricing models that vary by asset class and incorporate available current trade, bid, and other market information, and for structured securities, cash flow, and loan performance data. The pricing processes utilize benchmark curves, benchmarking of similar securities, sector groupings, and matrix pricing. Option adjusted spread models are also used to assess the impact of changes in interest rates and to develop prepayment scenarios. Transfers between the fair value hierarchy are determined through the third-party service provider which, from time to time will transfer between levels based on market conditions per the related security. All models and processes used, take into account market convention (Level 2). Mortgage Loans Held for Sale - The fair value of loans held for sale reflects the value of commitments with investors and/or the relative price as delivered into a TBA mortgage-backed security (Level 2). Derivative Instruments - The fair value of the interest rate lock commitments and forward sales commitments are estimated using quoted or published market prices for similar instruments, adjusted for factors such as pull-through rate assumptions based on historical information, where appropriate. TBA mortgage-backed securities are fair valued on similar contracts in active markets (Level 2) while locks and forwards with customers and investors are valued using similar contracts in the market and changes in the market interest rates (Levels 2 and 3). Impaired Loans - Fair value adjustments to impaired collateral dependent loans are recorded to reflect partial write-downs based on the current appraised value of the collateral or internally developed models, which contain management’s assumptions (Level 3).
Employee Stock Ownership Plan	Employees of the Company and the Bank who have been credited with at least 1,000 hours of service during a 12 -month period are eligible to participate in the ESOP.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combination [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of acquisition: January 22, 2016 Acquired Book Value Fair Value Adjustments Amount Recorded Assets Cash and cash equivalents $ 180,356 $ — $ 180,356 Loans receivable 417 — 417 Premises and equipment, net 697 267 (1) 964 Accrued interest receivable 2 — 2 Core deposit intangible — 2,239 (2) 2,239 Goodwill — 2,312 (3) 2,312 Other assets 103 — 103 Total assets acquired $ 181,575 $ 4,818 $ 186,393 Liabilities Deposits: Noninterest-bearing accounts $ 79,966 $ — $ 79,966 Interest-bearing accounts 106,398 — 106,398 Total deposits 186,364 — 186,364 Accrued interest payable 7 — 7 Other liabilities 22 — 22 Total liabilities assumed $ 186,393 $ — $ 186,393 Explanation of Fair Value Adjustments (1) The fair value adjustment represents the difference between the fair value of the acquired branches and the book value of the assets acquired. The Company utilized third-party valuations but did not receive appraisals to assist in the determination of fair value. (2) The fair value adjustment represents the value of the core deposit base assumed in the Branch Purchase based on a study performed by an independent consulting firm. This amount was recorded by the Company as an identifiable intangible asset and will be amortized as an expense on an accelerated basis over the average life of the core deposit base, which is estimated to be nine years. (3) The fair value adjustment represents the value of the goodwill calculated from the purchase based on the purchase price, less the fair value of assets acquired net of liabilities assumed. In connection with the business combination, the Company recorded goodwill and core deposit intangible assessed at the date of the Branch Purchase. Goodwill - The acquired goodwill represents the excess purchase price over the estimated fair value of the net assets acquired and was recorded at $2.3 million . The table below summarizes the aggregate amount recognized for each major class of assets acquired and liabilities assumed by 1st Security Bank in the Branch Purchase on January 22, 2016: At January 22, 2016 Purchase price (1) $ 6,015 Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value: Cash and cash equivalents 186,371 Acquired loans 417 Premises and equipment, net 964 Accrued interest receivable 2 Core deposit intangible 2,239 Other assets 103 Deposits (186,364 ) Accrued interest payable (7 ) Other liabilities (22 ) Total fair value of identifiable net assets 3,703 Goodwill $ 2,312 (1) Purchase price includes premium paid on the deposits, the aggregate net book value of all assets acquired, and the unpaid principal and accrued interest on loans acquired. Core deposit intangible The acquired core deposit intangible represents the fair value of the acquired core deposit base. The core deposit intangible will be amortized on an accelerated basis over approximately nine years. Total amortization expense was $140,000 and $241,000 for the three and six months ended June 30, 2016, and none for the same periods in 2015. Amortization expense for core deposit intangible is expected to be as follows: Year 1 $ 522 Year 2 400 Year 3 307 Year 4 235 Year 5 181 Thereafter 594 Total $ 2,239

Securities Available-for-sale (

Securities Available-for-sale (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The following tables present the amortized costs, unrealized gains, unrealized losses, and estimated fair values of securities available-for-sale at June 30, 2016 and December 31, 2015: June 30, 2016 SECURITIES AVAILABLE-FOR-SALE Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Values U.S. agency securities $ 9,165 $ 165 $ — $ 9,330 Municipal bonds 25,459 601 (9 ) 26,051 Corporate securities 7,675 58 (161 ) 7,572 U.S. Small Business Administration securities 5,966 137 — 6,103 Mortgage-backed securities 48,148 527 (3 ) 48,672 Total securities available-for-sale $ 96,413 $ 1,488 $ (173 ) $ 97,728 December 31, 2015 SECURITIES AVAILABLE-FOR-SALE Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Values U.S. agency securities $ 6,134 $ — $ (99 ) $ 6,035 Municipal bonds 18,531 373 (13 ) 18,891 Corporate securities 3,495 5 (67 ) 3,433 U.S. Small Business Administration securities 4,011 23 (11 ) 4,023 Mortgage-backed securities 22,926 72 (163 ) 22,835 Total securities available-for-sale $ 55,097 $ 473 $ (353 ) $ 55,217
Schedule of Unrealized Loss on Investments	In the opinion of management, these securities are considered only temporarily impaired due to changes in market interest rates or the widening of market spreads subsequent to the initial purchase of the securities, and not due to concerns regarding the underlying credit of the issuers or the underlying collateral. June 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. agency securities $ — $ — $ — $ — $ — $ — Municipal bonds 2,432 (8 ) 303 (1 ) 2,735 (9 ) Corporate securities 908 (88 ) 1,427 (73 ) 2,335 (161 ) U.S. Small Business Administration securities — — — — — — Mortgage-backed securities — — 1,777 (3 ) 1,777 (3 ) Total $ 3,340 $ (96 ) $ 3,507 $ (77 ) $ 6,847 $ (173 ) December 31, 2015 Less than 12 Months 12 Months or Longer Total SECURITIES AVAILABLE-FOR-SALE Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. agency securities $ 2,107 $ (31 ) $ 3,928 $ (68 ) $ 6,035 $ (99 ) Municipal bonds 956 (1 ) 293 (12 ) 1,249 (13 ) Corporate securities 994 (6 ) 1,439 (61 ) 2,433 (67 ) U.S. Small Business Administration securities 990 (11 ) — — 990 (11 ) Mortgage-backed securities 15,642 (112 ) 2,119 (51 ) 17,761 (163 ) Total $ 20,689 $ (161 ) $ 7,779 $ (192 ) $ 28,468 $ (353 )
Schedule of Available for Sale Securities by Contractual Mataurity	Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date. June 30, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value U.S. agency securities Due after one year through five years $ 4,000 $ 4,008 $ — $ — Due after five years through ten years 5,165 5,322 6,134 6,035 Subtotal 9,165 9,330 6,134 6,035 Municipal bonds Due in one year or less 982 985 991 997 Due after one year through five years 7,481 7,615 3,904 3,954 Due after five years through ten years 11,303 11,618 7,807 7,981 Due after ten years 5,693 5,833 5,829 5,959 Subtotal 25,459 26,051 18,531 18,891 Corporate securities Due after one year through five years 5,680 5,723 1,500 1,490 Due after five years through ten years 1,995 1,849 1,995 1,943 Subtotal 7,675 7,572 3,495 3,433 U.S. Small Business Administration securities Due after five years through ten years 5,966 6,103 4,011 4,023 Mortgage-backed securities Federal National Mortgage Association (“FNMA”) 23,846 24,104 12,515 12,466 Federal Home Loan Mortgage Corporation (“FHLMC”) 16,319 16,501 4,524 4,501 Government National Mortgage Association (“GNMA”) 7,983 8,067 5,887 5,868 Subtotal 48,148 48,672 22,926 22,835 Total $ 96,413 $ 97,728 $ 55,097 $ 55,217
Schedule of Proceeds and Realized Gain (Loss)	The proceeds and resulting gains, computed using specific identification, from sales of securities available-for-sale for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Proceeds Gross Gains Gross Losses Proceeds Gross Gains Gross Losses Securities available-for-sale $ — $ — $ — $ — $ — $ — Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Proceeds Gross Gains Gross Losses Proceeds Gross Gains Gross Losses Securities available-for-sale $ — $ — $ — $ 4,178 $ 76 $ —

Loans Receivable and Allowanc25

Loans Receivable and Allowance For Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The composition of the loan portfolio at June 30, 2016 and December 31, 2015 was as follows: June 30, December 31, REAL ESTATE LOANS 2016 2015 Commercial $ 50,936 $ 50,034 Construction and development 76,601 80,806 Home equity 18,591 16,540 One-to-four-family (excludes loans held for sale) 115,450 102,921 Multi-family 34,176 22,223 Total real estate loans 295,754 272,524 CONSUMER LOANS Indirect home improvement 102,246 103,064 Solar 33,364 29,226 Marine 28,128 23,851 Other consumer 1,998 2,181 Total consumer loans 165,736 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial 64,413 59,619 Warehouse lending 34,659 20,817 Total commercial business loans 99,072 80,436 Total loans receivable, gross 560,562 511,282 Allowance for loan losses (8,951 ) (7,785 ) Deferred costs, fees, and discounts, net (1,507 ) (962 ) Total loans receivable, net $ 550,104 $ 502,535
Allowance for Credit Losses on Financing Receivables	The following tables detail activity in the allowance for loan losses by loan categories at or for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended June 30, 2016 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Business Unallocated Total Beginning balance $ 3,456 $ 2,084 $ 1,543 $ 1,244 $ 8,327 Provision for loan losses (28 ) 50 210 368 600 Charge-offs — (291 ) — — (291 ) Recoveries 49 196 70 — 315 Net recoveries (charge-offs) 49 (95 ) 70 — 24 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 3,477 2,039 1,823 1,612 8,951 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 LOANS RECEIVABLE Loans individually evaluated for impairment $ 291 $ — $ — $ — $ 291 Loans collectively evaluated for impairment 295,463 165,736 99,072 — 560,271 Ending balance $ 295,754 $ 165,736 $ 99,072 $ — $ 560,562 At or For the Six Months Ended June 30, 2016 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 2,874 $ 1,681 $ 1,396 $ 1,834 7,785 Provision for loan losses 552 518 352 (222 ) 1,200 Charge-offs — (569 ) — — (569 ) Recoveries 51 409 75 — 535 Net recoveries (charge-offs) 51 (160 ) 75 — (34 ) Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 3,477 2,039 1,823 1,612 8,951 Ending balance $ 3,477 $ 2,039 $ 1,823 $ 1,612 $ 8,951 LOANS RECEIVABLE Loans individually evaluated for impairment $ 291 $ — $ — $ — $ 291 Loans collectively evaluated for impairment 295,463 165,736 99,072 — 560,271 Ending balance $ 295,754 $ 165,736 $ 99,072 $ — $ 560,562 At or For the Three Months Ended June 30, 2015 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 2,125 $ 1,438 $ 2,134 $ 708 $ 6,405 Provision for loan losses 119 187 45 249 600 Charge-offs (57 ) (328 ) (34 ) — (419 ) Recoveries 191 147 3 — 341 Net recoveries (charge-offs) 134 (181 ) (31 ) — (78 ) Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 2,378 1,444 2,148 957 6,927 Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 LOANS RECEIVABLE Loans individually evaluated for impairment $ 1,468 $ — $ — $ — $ 1,468 Loans collectively evaluated for impairment 213,374 149,531 75,595 — 438,500 Ending balance $ 214,842 $ 149,531 $ 75,595 $ — $ 439,968 At or For the Six Months Ended June 30, 2015 ALLOWANCE FOR LOAN LOSSES Real Estate Consumer Commercial Unallocated Total Beginning balance $ 1,872 $ 1,431 $ 1,184 $ 1,603 $ 6,090 Provision for loan losses 563 290 993 (646 ) 1,200 Charge-offs (248 ) (745 ) (34 ) — (1,027 ) Recoveries 191 468 5 — 664 Net charge-offs (57 ) (277 ) (29 ) — (363 ) Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 Period end amount allocated to: Loans individually evaluated for impairment $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 2,378 1,444 2,148 957 6,927 Ending balance $ 2,378 $ 1,444 $ 2,148 $ 957 $ 6,927 LOANS RECEIVABLE Loans individually evaluated for impairment $ 1,468 $ — $ — $ — $ 1,468 Loans collectively evaluated for impairment 213,374 149,531 75,595 — 438,500 Ending balance $ 214,842 $ 149,531 $ 75,595 $ — $ 439,968
Past Due Financing Receivables	The following tables provide information pertaining to the aging analysis of past due loans at June 30, 2016 and December 31, 2015: June 30, 2016 REAL ESTATE LOANS 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due and Accruing Non-Accrual Total Past Due Current Total Loans Receivable Commercial $ — $ — $ — $ — $ — $ 50,936 $ 50,936 Construction and development — — — — — 76,601 76,601 Home equity 19 33 — 219 271 18,320 18,591 One-to-four-family — — — 39 39 115,411 115,450 Multi-family — — — — — 34,176 34,176 Total real estate loans 19 33 — 258 310 295,444 295,754 CONSUMER LOANS Indirect home improvement 270 147 — 300 717 101,529 102,246 Solar 7 10 — — 17 33,347 33,364 Marine 17 — — — 17 28,111 28,128 Other consumer 26 1 — 2 29 1,969 1,998 Total consumer loans 320 158 — 302 780 164,956 165,736 COMMERCIAL BUSINESS LOANS Commercial and industrial — — — 60 60 64,353 64,413 Warehouse lending — — — — — 34,659 34,659 Total commercial business loans — — — 60 60 99,012 99,072 Total loans $ 339 $ 191 $ — $ 620 $ 1,150 $ 559,412 $ 560,562 December 31, 2015 REAL ESTATE LOANS 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due and Accruing Non-Accrual Total Past Due Current Total Loans Receivable Commercial $ — $ — $ — $ — $ — $ 50,034 $ 50,034 Construction and development — — — — — 80,806 80,806 Home equity 157 20 — 47 224 16,316 16,540 One-to-four-family 48 — — 525 573 102,348 102,921 Multi-family — — — — — 22,223 22,223 Total real estate loans 205 20 — 572 797 271,727 272,524 CONSUMER LOANS Indirect home improvement 266 154 — 408 828 102,236 103,064 Solar 69 — — 37 106 29,120 29,226 Marine 28 — — — 28 23,823 23,851 Other consumer — — — — — 2,181 2,181 Total consumer loans 363 154 — 445 962 157,360 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial — — — — — 59,619 59,619 Warehouse lending — — — — — 20,817 20,817 Total commercial business loans — — — — — 80,436 80,436 Total loans $ 568 $ 174 $ — $ 1,017 $ 1,759 $ 509,523 $ 511,282
Impaired Financing Receivables	The following tables provide additional information about our impaired loans that have been segregated to reflect loans for which an allowance for credit losses has been provided and loans for which no allowance has been provided at June 30, 2016 and December 31, 2015: June 30, 2016 WITH NO RELATED ALLOWANCE RECORDED Unpaid Principal Balance Write- downs Recorded Investment Related Allowance Adjusted Recorded Investment Home equity $ 194 $ — $ 194 $ — $ 194 One-to-four-family 109 (12 ) 97 — 97 Total $ 303 $ (12 ) $ 291 $ — $ 291 December 31, 2015 WITH NO RELATED ALLOWANCE RECORDED Unpaid Principal Balance Write- downs Recorded Investment Related Allowance Adjusted Recorded Investment One-to-four-family $ 801 $ (67 ) $ 734 $ — $ 734 The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized and received for the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, 2016 June 30, 2015 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial $ — $ — $ 767 $ 22 Home equity 195 1 153 1 One-to-four-family 99 1 796 11 294 2 1,716 34 WITH AN ALLOWANCE RECORDED Commercial and industrial — — 12 — Total $ 294 $ 2 $ 1,728 $ 34 Six Months Ended June 30, 2016 June 30, 2015 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial $ — — 992 38 Home equity 196 2 131 4 One-to-four-family 101 3 798 26 297 5 1,921 68 WITH AN ALLOWANCE RECORDED Commercial and industrial — — 25 — Total $ 297 $ 5 $ 1,946 $ 68
Financing Receivable Credit Quality Indicators	The following tables summarize risk rated loan balances by category at June 30, 2016 and December 31, 2015: June 30, 2016 REAL ESTATE LOANS Pass (1 - 5) Watch (6) Special Substandard (8) Doubtful(9) Loss (10) Total Commercial $ 49,253 $ 1,683 $ — $ — $ — $ — $ 50,936 Construction and development 76,601 — — — — — 76,601 Home equity 18,372 — — 219 — — 18,591 One-to-four-family 115,411 — — 39 — — 115,450 Multi-family 34,176 — — — — — 34,176 Total real estate loans 293,813 1,683 — 258 — — 295,754 CONSUMER LOANS Indirect home improvement 101,944 — — 302 — — 102,246 Solar 33,364 — — — — — 33,364 Marine 28,128 — — — — — 28,128 Other consumer 1,998 — — — — — 1,998 Total consumer loans 165,434 — — 302 — — 165,736 COMMERCIAL BUSINESS LOANS Commercial and industrial 60,725 716 401 2,571 — — 64,413 Warehouse lending 34,659 — — — — — 34,659 Total commercial business loans 95,384 716 401 2,571 — — 99,072 Total loans $ 554,631 $ 2,399 $ 401 $ 3,131 $ — $ — $ 560,562 December 31, 2015 REAL ESTATE LOANS Pass (1 - 5) Watch (6) Special Mention (7) Substandard (8) Doubtful(9) Loss (10) Total Commercial $ 50,034 $ — $ — $ — $ — $ — $ 50,034 Construction and development 79,100 1,706 — — — — 80,806 Home equity 16,493 — — 47 — — 16,540 One-to-four-family 102,396 — — 525 — — 102,921 Multi-family 22,223 — — — — — 22,223 Total real estate loans 270,246 1,706 — 572 — — 272,524 CONSUMER LOANS Indirect home improvement 102,656 — — 408 — — 103,064 Solar 29,189 — — 37 — — 29,226 Marine 23,851 — — — — — 23,851 Other consumer 2,181 — — — — — 2,181 Total consumer loans 157,877 — — 445 — — 158,322 COMMERCIAL BUSINESS LOANS Commercial and industrial 54,977 2,352 335 1,955 — — 59,619 Warehouse lending 20,817 — — — — — 20,817 Total commercial business loans 75,794 2,352 335 1,955 — — 80,436 Total loans $ 503,917 $ 4,058 $ 335 $ 2,972 $ — $ — $ 511,282
Troubled Debt Restructurings on Financing Receivables	The following table summarizes TDR loan balances at the dates indicated: June 30, December 31, 2016 2015 TDR loans on accrual $ 58 $ 209 TDR loans on non-accrual — 525 Total TDR loan balances $ 58 $ 734

Servicing Rights (Tables)

Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value, Off-balance Sheet Risk [Abstract]
Schedule of Mortgage Servicing Rights	The following tables summarize servicing rights activity for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended 2016 2015 Beginning balance $ 6,104 $ 3,670 Additions 1,219 1,117 Servicing rights amortized (357 ) (217 ) Impairment on servicing rights (215 ) (1 ) Ending balance $ 6,751 $ 4,569 At or For the Six Months Ended 2016 2015 Beginning balance $ 5,811 $ 3,061 Additions 1,832 1,902 Servicing rights amortized (678 ) (394 ) Impairment on servicing rights (214 ) — Ending balance $ 6,751 $ 4,569
Valuation assumptions used in determining the fair value of servicing rights	The following provides valuation assumptions used in determining the fair value of servicing rights at the dates indicated: At June 30, Key assumptions: 2016 2015 Weighted average discount rate 9.5 % 8.5 % Conditional prepayment rate (“CPR”) 17.1 % 10.4 % Weighted average life in years 5.0 7.2
Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights	Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights (“MSR”) to immediate adverse changes in those assumptions at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Aggregate portfolio principal balance $ 780,582 $ 631,812 Weighted average rate of note 4.0 % 4.0 % At June 30, 2016 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 17.1 % 27.5 % 36.8 % Fair value MSR $ 6,747 $ 5,057 $ 4,137 Percentage of MSR 0.9 % 0.6 % 0.5 % Discount rate 9.5 % 10.0 % 10.5 % Fair value MSR $ 6,747 $ 6,639 $ 6,535 Percentage of MSR 0.9 % 0.9 % 0.8 % At December 31, 2015 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 12.2 % 17.8 % 25.3 % Fair value MSR $ 6,813 $ 5,660 $ 4,557 Percentage of MSR 1.1 % 0.9 % 0.7 % Discount rate 8.5 % 9.0 % 9.5 % Fair value MSR $ 6,813 $ 6,678 $ 6,548 Percentage of MSR 1.1 % 1.1 % 1.0 %

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables summarize the Company’s derivative instruments at the dates indicated: June 30, 2016 Fair Value Notional Asset Liability Fallout adjusted interest rate lock commitments with customers $ 75,579 $ 2,058 $ — Mandatory and best effort forward commitments with investors 24,753 — 3 Forward TBA mortgage-backed securities 105,000 — 1,003 TBA mortgage-backed securities forward sales paired off with investors 35,500 — 150 December 31, 2015 Fair Value Notional Asset Liability Fallout adjusted interest rate lock commitments with customers $ 34,154 $ 698 $ — Mandatory and best effort forward commitments with investors 24,135 74 — Forward TBA mortgage-backed securities 49,000 3 — TBA mortgage-backed securities forward sales paired off with investors 28,500 30 —

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule of Other Real Estate Owned	The following table presents the activity related to OREO for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended June 30, At or For the Six Months Ended June 30, 2016 2015 2016 2015 Beginning balance $ 320 $ — $ — $ — Additions — — 525 — Capitalized costs 1 — 7 — Disposition of assets (321 ) — (532 ) — Ending balance $ — $ — $ — $ —

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule of Deposit Liabilities	Deposits are summarized as follows at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 (3) 2015 Noninterest-bearing checking $ 145,304 $ 66,676 Interest-bearing checking 54,709 34,098 Savings 50,049 30,126 Money market 232,754 159,605 Certificates of deposit less than $100,000 (1) 72,014 65,175 Certificates of deposit of $100,000 through $250,000 76,971 91,317 Certificates of deposit of $250,000 and over (2) 26,811 32,610 Escrow accounts related to mortgages serviced 7,504 5,571 Total $ 666,116 $ 485,178 (1) Includes $24.8 million of brokered deposits at June 30, 2016 and $27.9 million at December 31, 2015. (2) Time deposits that meet or exceed the FDIC insurance limit. (3) Includes $171.3 million of deposits acquired in the Branch Purchase.
Schedule of Maturities of Time Deposits for Future Periods	Scheduled maturities of time deposits at June 30, 2016 for future periods ending is as follows: At June 30, 2016 2016 $ 31,128 2017 73,598 2018 49,732 2019 8,155 2020 7,697 Thereafter 5,486 Total $ 175,796
Schedule of Interest Expense by Deposit Category	Interest expense by deposit category for the three and six months ended June 30, 2016 and 2015 is as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Interest-bearing checking $ 7 $ 7 $ 12 $ 13 Savings and money market 254 259 500 498 Certificates of deposit 524 546 1,091 1,048 Total $ 785 $ 812 $ 1,603 $ 1,559

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments to Extend Credit	The following table provides a summary of the Company’s commitments at June 30, 2016 and December 31, 2015: COMMITMENTS TO EXTEND CREDIT June 30, December 31, REAL ESTATE LOANS 2016 2015 Commercial $ — $ 1,988 Construction and development 45,963 44,109 One-to-four-family (includes held for sale) 136,624 76,013 Home equity 22,382 18,089 Multi-family 432 429 Total real estate loans 205,401 140,628 CONSUMER LOANS 8,444 5,754 COMMERCIAL BUSINESS LOANS Commercial and industrial 30,711 39,537 Warehouse lending 40,591 27,601 Total commercial business loans 71,302 67,138 Total commitments to extend credit $ 285,147 $ 213,520

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule Of Available For Sale Securities Measured At Fair Value On A Recurring Basis	The following tables present securities available-for-sale measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015: Securities Available-for-Sale At June 30, 2016 Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 9,330 $ — $ 9,330 Municipal bonds — 26,051 — 26,051 Corporate securities — 7,572 — 7,572 U.S. Small Business Administration securities — 6,103 — 6,103 Mortgage-backed securities — 48,672 — 48,672 Total $ — $ 97,728 $ — $ 97,728 Securities Available-for-Sale At December 31, 2015 Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 6,035 $ — $ 6,035 Municipal bonds — 18,891 — 18,891 Corporate securities — 3,433 — 3,433 U.S. Small Business Administration securities — 4,023 — 4,023 Mortgage-backed securities — 22,835 — 22,835 Total $ — $ 55,217 $ — $ 55,217
Fair Value, Mortgage Loans Held for Sale	The following table presents mortgage loans held for sale measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015: Mortgage Loans Held for Sale Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ 63,696 $ — $ 63,696 December 31, 2015 $ — $ 44,925 $ — $ 44,925
Schedule of Interest Rate Lock Commitments Measured at Fair Value on Recurring Basis	The following tables present the fair value of interest rate lock commitments with customers, individual forward sale commitments with investors, and paired off commitments with investors measured at their fair value on a recurring basis at June 30, 2016 and December 31, 2015: Interest Rate Lock Commitments with Customers Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ — $ 2,058 $ 2,058 December 31, 2015 $ — $ — $ 698 $ 698
Forward Sale Commitments with Investors Measured at Fair Value On A Recurring Basis	Individual Forward Sale Commitments with Investors Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ (1,003 ) $ (3 ) $ (1,006 ) December 31, 2015 $ — $ 3 $ 74 $ 77
Paired Off Commitments with Investors Measured at Fair Value On A Recurring Basis	Paired Off Commitments with Investors Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ (150 ) $ — $ (150 ) December 31, 2015 $ — $ 30 $ — $ 30
Schedule of Impaired Loans and Other Real Estate Owned	The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were made, and not necessarily the fair value as of the dates reported upon. Impaired Loans Level 1 Level 2 Level 3 Total June 30, 2016 $ — $ — $ 291 $ 291 December 31, 2015 $ — $ — $ 734 $ 734
Schedule of Fair Value of Financial Instruments Measured under a Level 3 Unobservable Input	Quantitative Information about Level 3 Fair Value Measurements - Shown below is the fair value of financial instruments measured under a Level 3 unobservable input on a recurring and nonrecurring basis at June 30, 2016 table: Level 3 Fair Value Instrument Valuation Technique Significant Unobservable Inputs Range (Weighted Average) Weighted Average RECURRING Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% 92.8% Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% 92.8% NONRECURRING Impaired loans Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 18.0% 0.0%
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three and six months ended June 30, 2016 and 2015: Three Months Ended June 30, Beginning Balance Purchases and Issuances Sales and Settlements Ending Balance Net change in fair value for gains/(losses) relating to items held at end of period 2016 Interest rate lock commitments with customers $ 1,429 $ 4,513 $ (3,884 ) $ 2,058 $ 629 Individual forward sale commitments with investors (28 ) (2 ) 27 (3 ) 25 2015 Interest rate lock commitments with customers $ 1,026 $ 2,816 $ (2,908 ) $ 934 $ (92 ) Individual forward sale commitments with investors (55 ) 147 18 110 165 Six Months Ended June 30, Beginning Balance Purchases and Issuances Sales and Settlements Ending Balance Net change in fair value for gains/(losses) relating to items held at end of period 2016 Interest rate lock commitments with customers $ 698 $ 8,276 $ (6,916 ) $ 2,058 $ 1,360 Individual forward sale commitments with investors 74 (206 ) 129 (3 ) (77 ) 2015 Interest rate lock commitments with customers $ 396 $ 5,963 $ (5,425 ) $ 934 $ 538 Individual forward sale commitments with investors 12 87 11 110 98
Fair Value, by Balance Sheet Grouping	The following table provides estimated fair values of the Company’s financial instruments at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 Financial Assets Carrying Amount Fair Value Carrying Amount Fair Value Level 1 inputs: Cash and cash equivalents $ 14,892 $ 14,892 $ 24,445 $ 24,445 Certificates of deposit at other financial institutions 14,010 14,010 12,421 12,421 Level 2 inputs: Securities available-for-sale, at fair value 97,728 97,728 55,217 55,217 Loans held for sale, at fair value 63,696 63,696 44,925 44,925 FHLB stock, at cost 1,600 1,600 4,551 4,551 Accrued interest receivable 2,420 2,420 2,107 2,107 Individual forward sale commitments with investors — — 3 3 Paired off commitments with investors — — 30 30 Level 3 inputs: Loans receivable, net 550,104 638,928 502,535 566,209 Servicing rights, held at lower of cost or fair value 6,751 6,751 5,811 6,848 Fair value interest rate locks with customers 2,058 2,058 698 698 Individual forward sale commitments with investors — — 74 74 Financial Liabilities Level 2 inputs: Deposits 666,116 672,667 485,178 494,871 Borrowings 19,670 19,754 98,769 98,739 Subordinated note 10,000 9,550 10,000 9,550 Accrued interest payable 183 183 22 22 Individual forward sale commitments with investors 1,003 1,003 — — Paired off commitments with investors 150 150 — — Level 3 inputs: Individual forward sale commitments with investors 3 3 — —

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Shares Under ESOP	Shares held by the ESOP at June 30, 2016 were as follows (shown as actual): Balances Allocated shares 102,359 Committed to be released shares 12,960 Unallocated shares 142,566 Total ESOP shares 257,885 Fair value of unallocated shares (in thousands) $ 3,577

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015: At or For the Three Months Ended At or For the Six Months Ended June 30, June 30, Numerator: 2016 2015 2016 2015 Net income (in thousands) $ 2,835 $ 2,794 $ 4,496 $ 4,864 Denominator: Basic weighted average common shares outstanding 2,887,525 2,962,302 2,920,923 2,952,223 Dilutive shares 78,506 41,677 81,789 33,104 Diluted weighted average common shares outstanding 2,966,031 3,003,979 3,002,712 2,985,327 Basic earnings per share $ 0.98 $ 0.94 $ 1.54 $ 1.65 Diluted earnings per share $ 0.96 $ 0.93 $ 1.50 $ 1.63

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Awards	The following table presents a summary of the Company’s stock option plan awards during the six months ended June 30, 2016 (shown as actual): Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term In Years Aggregate Intrinsic Value Outstanding at January 1, 2016 306,900 $ 16.89 8.36 $ 2,794,570 Granted — — — — Less exercised 6,300 16.89 — 49,140 Forfeited or expired — — — — Outstanding at June 30, 2016 300,600 $ 16.89 7.86 $ 2,543,076 Expected to vest, assuming a 0.31% annual forfeiture rate 299,507 $ 16.89 7.86 $ 2,533,827 Exercisable at June 30, 2016 110,400 $ 16.89 7.86 $ 933,984
Summary of Nonvested Awards	The following table presents a summary of the Company’s nonvested awards during the six months ended June 30, 2016 (shown as actual): Nonvested Shares Shares Weighted-Average Grant-Date Fair Value Per Share Weighted-Average Grant-Date Fair Value Nonvested at January 1, 2016 94,684 $ 16.89 $ 1,599,212 Granted 4,500 26.00 117,000 Less vested 30,421 16.89 513,811 Forfeited or expired — — — Nonvested at June 30, 2016 68,763 $ 17.49 $ 1,202,401

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 2016
Regulatory Capital Requirements [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following tables compare the Bank’s actual capital amounts and ratios at June 30, 2016 and December 31, 2015 to their minimum regulatory capital requirements and well capitalized regulatory capital at those dates (dollars in thousands): To be Well Capitalized Under Prompt Corrective Action Provisions For Capital Adequacy Purposes Bank Only Actual At June 30, 2016 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets) $ 87,222 14.02 % $ 49,759 8.00 % $ 62,198 10.00 % Tier 1 risk-based capital (to risk-weighted assets) $ 79,431 12.77 % $ 37,319 6.00 % $ 49,759 8.00 % Tier 1 leverage capital (to average assets) $ 79,431 10.14 % $ 31,326 4.00 % $ 39,158 5.00 % CET 1 capital (to risk-weighted assets) $ 79,431 12.77 % $ 27,989 4.50 % $ 40,429 6.50 % At December 31, 2015 Total risk-based capital (to risk-weighted assets) $ 85,570 15.51 % $ 44,132 8.00 % $ 55,164 10.00 % Tier 1 risk-based capital (to risk-weighted assets) $ 78,662 14.26 % $ 33,099 6.00 % $ 44,132 8.00 % Tier 1 leverage capital (to average assets) $ 78,662 12.14 % $ 25,924 4.00 % $ 32,406 5.00 % CET 1 capital (to risk-weighted assets) $ 78,662 14.26 % $ 24,824 4.50 % $ 35,857 6.50 %

Basis of Presentation and Sum36

Basis of Presentation and Summary of Significant Accounting Policies (Details)	Jun. 30, 2016branchshares	Jan. 22, 2016	Jul. 09, 2012shares
Schedule of Accounting Policies [Line Items]
Number of bank branches		4
Percentage of common shares purchased under ESOP			8.00%
Total ESOP shares (in shares) | shares	257,885		259,210
Puget Sound [Member]
Schedule of Accounting Policies [Line Items]
Number of bank branches	11
Number of Loan Production Facilities	4
Tri-Cities, Washington [Member]
Schedule of Accounting Policies [Line Items]
Number of Loan Production Facilities	1

Business Combination - Narrativ

Business Combination - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Jan. 22, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Number of bank branches						4
Acquired deposits	$ 666,116,000		$ 666,116,000			$ 171,300,000	$ 485,178,000
Core deposit intangible	1,997,000		1,997,000				0
Goodwill	2,312,000		2,312,000				$ 0
Amortization expense	140,000	$ 0	241,000	$ 0
Bank of America
Business Acquisition [Line Items]
Deposits						186,364,000
Acquired deposits	171,300,000		171,300,000
Cash and cash equivalents						186,371,000
Core deposit intangible increase in fair value	100,000
Core deposit intangible						2,239,000
Decrease to fair value adjustment of goodwill	100,000
Increase in amortization of core deposit intangible	6,000
Goodwill						2,312,000
Bank of America | Acquired Book Value
Business Acquisition [Line Items]
Deposits						186,364,000
Loans and associated interest receivables						419,000
Facilities and other assets, net of other liabilities						$ 778,000
Deposit premium						2.50%
Cash and cash equivalents						$ 180,356,000
Core deposit intangible						0
Goodwill						0
Bank of America | Fair Value Adjustments
Business Acquisition [Line Items]
Deposits						0
Deposit premium						4,818,000
Cash and cash equivalents						0
Core deposit intangible						2,239,000
Goodwill						2,312,000
Bank of America | Carrying Amount
Business Acquisition [Line Items]
Deposits						186,364,000
Cash and cash equivalents						180,356,000
Core deposit intangible	$ 2,200,000		$ 2,200,000		$ 2,100,000	2,239,000
Goodwill						$ 2,312,000

Business Combination - Estimate

Business Combination - Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Jan. 22, 2016	Dec. 31, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Core deposit intangible	$ 1,997			$ 0
Goodwill	2,312			0
Total assets acquired	181,575				$ 0
Noninterest-bearing accounts	152,808			72,247
Interest-bearing accounts	513,308			$ 412,931
Total liabilities assumed	186,393				$ 0
Bank of America
Business Acquisition [Line Items]
Cash and cash equivalents			$ 186,371
Loans receivable			2
Premises and equipment, net			964
Core deposit intangible			2,239
Goodwill			2,312
Other assets			103
Total deposits			186,364
Accrued interest payable			7
Other liabilities			22
Acquired Book Value | Bank of America
Business Acquisition [Line Items]
Cash and cash equivalents			180,356
Loans receivable			417
Premises and equipment, net			697
Accrued interest receivable			2
Core deposit intangible			0
Goodwill			0
Other assets			103
Total assets acquired			181,575
Noninterest-bearing accounts			79,966
Interest-bearing accounts			106,398
Total deposits			186,364
Accrued interest payable			7
Other liabilities			22
Total liabilities assumed			186,393
Fair Value Adjustments | Bank of America
Business Acquisition [Line Items]
Cash and cash equivalents			0
Loans receivable			0
Premises and equipment, net			267
Accrued interest receivable			0
Core deposit intangible			2,239
Goodwill			2,312
Other assets			0
Total assets acquired			4,818
Noninterest-bearing accounts			0
Interest-bearing accounts			0
Total deposits			0
Accrued interest payable			0
Other liabilities			0
Total liabilities assumed			0
Amount Recorded | Bank of America
Business Acquisition [Line Items]
Cash and cash equivalents			180,356
Loans receivable			417
Premises and equipment, net			964
Accrued interest receivable			2
Core deposit intangible	$ 2,200	$ 2,100	2,239
Goodwill			2,312
Other assets			103
Total assets acquired			186,393
Noninterest-bearing accounts			79,966
Interest-bearing accounts			106,398
Total deposits			186,364
Accrued interest payable			7
Other liabilities			22
Total liabilities assumed			$ 186,393

Business Combination - Amount R

Business Combination - Amount Recognized for Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 22, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Core deposit intangible	$ 1,997		$ 0
Goodwill	$ 2,312		$ 0
Bank of America
Business Acquisition [Line Items]
Purchase price		$ 6,015
Cash and cash equivalents		186,371
Acquired loans		417
Premises and equipment, net		964
Accrued interest receivable		2
Core deposit intangible		2,239
Other assets		103
Deposits		186,364
Accrued interest payable		7
Other liabilities		22
Total fair value of identifiable net assets		3,703
Goodwill		$ 2,312

Business Combination - Expected

Business Combination - Expected Amortization Expense (Details) $ in Thousands	Jan. 22, 2016USD ($)
Business Combinations [Abstract]
Year 1	$ 522
Year 2	400
Year 3	307
Year 4	235
Year 5	181
Thereafter	594
Total	$ 2,239

Schedule of Available-for-sale

Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 96,413	$ 55,097
Unrealized Gains	1,488	473
Unrealized Losses	(173)	(353)
Estimated Fair Values	97,728	55,217
U.S. agency securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,165	6,134
Unrealized Gains	165	0
Unrealized Losses	0	(99)
Estimated Fair Values	9,330	6,035
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	25,459	18,531
Unrealized Gains	601	373
Unrealized Losses	(9)	(13)
Estimated Fair Values	26,051	18,891
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,675	3,495
Unrealized Gains	58	5
Unrealized Losses	(161)	(67)
Estimated Fair Values	7,572	3,433
U.S. Small Business Administration securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,966	4,011
Unrealized Gains	137	23
Unrealized Losses	0	(11)
Estimated Fair Values	6,103	4,023
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	48,148	22,926
Unrealized Gains	527	72
Unrealized Losses	(3)	(163)
Estimated Fair Values	$ 48,672	$ 22,835

Securities Available-for-sale -

Securities Available-for-sale - Investments with Unrealized Losses Policy (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)security	Dec. 31, 2015USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	$ 3,340,000	$ 20,689,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	(96,000)	(161,000)
Unrealized loss position, 12 Months or Longer, Fair Value	3,507,000	7,779,000
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(77,000)	(192,000)
Unrealized loss position, Fair Value	6,847,000	28,468,000
Unrealized loss position, Unrealized Losses	$ (173,000)	$ (353,000)
Investments with unrealized losses of less than one year | security	3	17
Investments with unrealized losses of more than one year | security	5	8
Other than temporary impairment losses, investments	$ 0	$ 0
U.S. agency securities
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	0	2,107,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	0	(31,000)
Unrealized loss position, 12 Months or Longer, Fair Value	0	3,928,000
Unrealized loss position, 12 Months or Longer, Unrealized Losses	0	(68,000)
Unrealized loss position, Fair Value	0	6,035,000
Unrealized loss position, Unrealized Losses	0	(99,000)
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	2,432,000	956,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	(8,000)	(1,000)
Unrealized loss position, 12 Months or Longer, Fair Value	303,000	293,000
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(1,000)	(12,000)
Unrealized loss position, Fair Value	2,735,000	1,249,000
Unrealized loss position, Unrealized Losses	(9,000)	(13,000)
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	908,000	994,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	(88,000)	(6,000)
Unrealized loss position, 12 Months or Longer, Fair Value	1,427,000	1,439,000
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(73,000)	(61,000)
Unrealized loss position, Fair Value	2,335,000	2,433,000
Unrealized loss position, Unrealized Losses	(161,000)	(67,000)
U.S. Small Business Administration securities
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	0	990,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	0	(11,000)
Unrealized loss position, 12 Months or Longer, Fair Value	0	0
Unrealized loss position, 12 Months or Longer, Unrealized Losses	0	0
Unrealized loss position, Fair Value	0	990,000
Unrealized loss position, Unrealized Losses	0	(11,000)
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, Less than 12 Months, Fair Value	0	15,642,000
Unrealized loss position, Less than 12 Months, Unrealized Losses	0	(112,000)
Unrealized loss position, 12 Months or Longer, Fair Value	1,777,000	2,119,000
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(3,000)	(51,000)
Unrealized loss position, Fair Value	1,777,000	17,761,000
Unrealized loss position, Unrealized Losses	$ (3,000)	$ (163,000)

Securities Available-for-sale43

Securities Available-for-sale - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Total securities contractual maturity
Amortized Costs
Total	$ 96,413	$ 55,097
Fair Value
Total	97,728	55,217
Federal National Mortgage Association (“FNMA”)
Amortized Costs
Mortgage-backed securities	23,846	12,515
Fair Value
Mortgage-backed securities	24,104	12,466
Federal Home Loan Mortgage Corporation (“FHLMC”)
Amortized Costs
Mortgage-backed securities	16,319	4,524
Fair Value
Mortgage-backed securities	16,501	4,501
Government National Mortgage Association (“GNMA”)
Amortized Costs
Mortgage-backed securities	7,983	5,887
Fair Value
Mortgage-backed securities	8,067	5,868
Federal agency securities
Amortized Costs
Due after one year through five years	4,000	0
Due after five years through ten years	5,165	6,134
Fair Value
Due after one year through five years	4,008	0
Due after five years through ten years	5,322	6,035
Municipal bonds
Amortized Costs
Due in one year or less	982	991
Due after one year through five years	7,481	3,904
Due after five years through ten years	11,303	7,807
Due after ten years	5,693	5,829
Fair Value
Due in one year or less	985	997
Due after one year through five years	7,615	3,954
Due after five years through ten years	11,618	7,981
Due after ten years	5,833	5,959
Corporate securities
Amortized Costs
Due after one year through five years	5,680	1,500
Due after five years through ten years	1,995	1,995
Fair Value
Due after one year through five years	5,723	1,490
Due after five years through ten years	1,849	1,943
U.S. Small Business Administration securities
Amortized Costs
Due after five years through ten years	5,966	4,011
Fair Value
Due after five years through ten years	$ 6,103	$ 4,023

Securities Available-for-sale44

Securities Available-for-sale - Schedule of Sales of Available for Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 0	$ 0	$ 4,178
Gross Gains	0	0	0	76
Gross Losses	$ 0	$ 0	$ 0	$ 0

Loans Receivable and Allowanc45

Loans Receivable and Allowance For Loan Losses - Composition of Loan Portfolio (Details) $ in Thousands	Jun. 30, 2016USD ($)unitsegment	Dec. 31, 2015USD ($)unitsegment
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 560,562	$ 511,282
Allowance for loan losses	(8,951)	(7,785)
Deferred costs, fees, and discounts, net	(1,507)	(962)
Loans receivable, net	$ 550,104	$ 502,535
Number of loan portfolio segments | segment	3	3
Multi-family
Financing Receivable, Recorded Investment [Line Items]
Number of units in real estate property | unit	5	5
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 165,736	$ 158,322
Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,246	103,064
Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,364	29,226
Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,128	23,851
Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,998	2,181
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	99,072	80,436
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	64,413	59,619
Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,659	20,817
Residential Portfolio Segment | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	295,754	272,524
Residential Portfolio Segment | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	50,936	50,034
Residential Portfolio Segment | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,601	80,806
Residential Portfolio Segment | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,591	16,540
Residential Portfolio Segment | One-to-four-family (excludes loans held for sale)
Financing Receivable, Recorded Investment [Line Items]
Total loans	115,450	102,921
Residential Portfolio Segment | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 34,176	$ 22,223

Loans Receivable and Allowanc46

Loans Receivable and Allowance For Loan Losses - Narrative (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)commitmentloanunitsegment	Dec. 31, 2015USD ($)commitmentloanunitsegment	Sep. 30, 2015contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments | segment	3	3
TDR loan balances	$ 58	$ 734
Number of commitments to lend additional funds on impaired loans. | commitment	0	0
TDR loans modified in previous 12 months | contract			0
TDR loans on accrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR loans on accrual | loan	1	2
TDR loan balances	$ 58	$ 209
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of units in real estate property | unit	5	5
Non Accrual Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR loans on accrual | loan		1
TDR loan balances	$ 0	$ 525

Loans Receivable and Allowanc47

Loans Receivable and Allowance For Loan Losses - Schedule of Allowance for Loan Losses by Loan Categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Real Estate
Beginning balance	$ 8,327	$ 6,405	$ 7,785	$ 6,090
Provision for loan loss	600	600	1,200	1,200
Charge-offs	(291)	(419)	(569)	(1,027)
Recoveries	315	341	535	664
Net recoveries (charge-offs)	24	(78)	(34)	(363)
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	8,951	6,927	8,951	6,927
Ending balance	8,951	6,927	8,951	6,927
LOANS RECEIVABLE
Loans individually evaluated for impairment	291	1,468	291	1,468
Loans collectively evaluated for impairment	560,271	438,500	560,271	438,500
Total loans receivable	560,562	439,968	560,562	439,968	$ 511,282
Real Estate
Real Estate
Beginning balance	3,456	2,125	2,874	1,872
Provision for loan loss	(28)	119	552	563
Charge-offs	0	(57)	0	(248)
Recoveries	49	191	51	191
Net recoveries (charge-offs)	49	134	51	(57)
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	3,477	2,378	3,477	2,378
Ending balance	3,477	2,378	3,477	2,378
LOANS RECEIVABLE
Loans individually evaluated for impairment	291	1,468	291	1,468
Loans collectively evaluated for impairment	295,463	213,374	295,463	213,374
Total loans receivable	295,754	214,842	295,754	214,842
Consumer
Real Estate
Beginning balance	2,084	1,438	1,681	1,431
Provision for loan loss	50	187	518	290
Charge-offs	(291)	(328)	(569)	(745)
Recoveries	196	147	409	468
Net recoveries (charge-offs)	(95)	(181)	(160)	(277)
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	2,039	1,444	2,039	1,444
Ending balance	2,039	1,444	2,039	1,444
LOANS RECEIVABLE
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	165,736	149,531	165,736	149,531
Total loans receivable	165,736	149,531	165,736	149,531	158,322
Commercial Business
Real Estate
Beginning balance	1,543	2,134	1,396	1,184
Provision for loan loss	210	45	352	993
Charge-offs	0	(34)	0	(34)
Recoveries	70	3	75	5
Net recoveries (charge-offs)	70	(31)	75	(29)
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	1,823	2,148	1,823	2,148
Ending balance	1,823	2,148	1,823	2,148
LOANS RECEIVABLE
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	99,072	75,595	99,072	75,595
Total loans receivable	99,072	75,595	99,072	75,595	$ 80,436
Unallocated
Real Estate
Beginning balance	1,244	708	1,834	1,603
Provision for loan loss	368	249	(222)	(646)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net recoveries (charge-offs)	0	0	0	0
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	1,612	957	1,612	957
Ending balance	1,612	957	1,612	957
LOANS RECEIVABLE
Loans individually evaluated for impairment	0	0	0	0
Loans collectively evaluated for impairment	0	0	0	0
Total loans receivable	$ 0	$ 0	$ 0	$ 0

Loans Receivable and Allowanc48

Loans Receivable and Allowance For Loan Losses - Schedule of Aging Analysis of Past Due Loans (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1,150,000	$ 1,759,000
Current	559,412,000	509,523,000
Total loans receivable	560,562,000	511,282,000	$ 439,968,000
REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	295,754,000	272,524,000
Total real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	310,000	797,000
Current	295,444,000	271,727,000
Total loans receivable	295,754,000	272,524,000
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	50,936,000	50,034,000
Total loans receivable	50,936,000	50,034,000
Construction and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	76,601,000	80,806,000
Total loans receivable	76,601,000	80,806,000
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	271,000	224,000
Current	18,320,000	16,316,000
Total loans receivable	18,591,000	16,540,000
One-to-four-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	39,000	573,000
Current	115,411,000	102,348,000
Total loans receivable	115,450,000	102,921,000
Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	34,176,000	22,223,000
Total loans receivable	34,176,000	22,223,000
CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	780,000	962,000
Current	164,956,000	157,360,000
Total loans receivable	165,736,000	158,322,000	149,531,000
Indirect home improvement
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	717,000	828,000
Current	101,529,000	102,236,000
Total loans receivable	102,246,000	103,064,000
Solar
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17,000	106,000
Current	33,347,000	29,120,000
Total loans receivable	33,364,000	29,226,000
Marine
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17,000	28,000
Current	28,111,000	23,823,000
Total loans receivable	28,128,000	23,851,000
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	29,000	0
Current	1,969,000	2,181,000
Total loans receivable	1,998,000	2,181,000
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	60,000	0
Current	99,012,000	80,436,000
Total loans receivable	99,072,000	80,436,000	$ 75,595,000
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	60,000	0
Current	64,353,000	59,619,000
Total loans receivable	64,413,000	59,619,000
Warehouse lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	34,659,000	20,817,000
Total loans receivable	34,659,000	20,817,000
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	339,000	568,000
30-59 Days Past Due | Total real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,000	205,000
30-59 Days Past Due | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Construction and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19,000	157,000
30-59 Days Past Due | One-to-four-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	48,000
30-59 Days Past Due | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	320,000	363,000
30-59 Days Past Due | Indirect home improvement
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	270,000	266,000
30-59 Days Past Due | Solar
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,000	69,000
30-59 Days Past Due | Marine
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17,000	28,000
30-59 Days Past Due | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	26,000	0
30-59 Days Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Warehouse lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	191,000	174,000
60-89 Days Past Due | Total real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	33,000	20,000
60-89 Days Past Due | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Construction and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	33,000	20,000
60-89 Days Past Due | One-to-four-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	158,000	154,000
60-89 Days Past Due | Indirect home improvement
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	147,000	154,000
60-89 Days Past Due | Solar
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,000	0
60-89 Days Past Due | Marine
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,000	0
60-89 Days Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Warehouse lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Total real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Construction and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | One-to-four-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Indirect home improvement
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Solar
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Marine
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90 Days or More Past Due and Accruing | Warehouse lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Non-Accrual
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	620,000	1,017,000
Non-Accrual | Total real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	258,000	572,000
Non-Accrual | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Non-Accrual | Construction and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Non-Accrual | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	219,000	47,000
Non-Accrual | One-to-four-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	39,000	525,000
Non-Accrual | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Non-Accrual | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	302,000	445,000
Non-Accrual | Indirect home improvement
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	300,000	408,000
Non-Accrual | Solar
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	37,000
Non-Accrual | Marine
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Non-Accrual | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,000	0
Non-Accrual | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	60,000	0
Non-Accrual | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	60,000	0
Non-Accrual | Warehouse lending
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Loans Receivable and Allowanc49

Loans Receivable and Allowance For Loan Losses - Schedule of Financing Receivables, Related Allowance Recorded and No Related Allowance Recorded (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	$ 303		$ 303
Impaired Financing Receivable, Write-downs [Abstract]
Write-downs with no related allowance recorded	(12)		(12)
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	291		291
Impaired Financing Receivable, Specific Reserve [Abstract]
Specific reserve	0		0
Impaired Financing Receivable, Adjusted Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Adjusted Recorded Investment	291		291
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Impaired Financing Receivable, Average Recorded Investment	294	$ 1,728	297	$ 1,946
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, Interest Income, Cash Basis Method	2	34	5	68
Home Equity
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	194		194
Impaired Financing Receivable, Write-downs [Abstract]
Write-downs with no related allowance recorded	0		0
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	194		194
Impaired Financing Receivable, Specific Reserve [Abstract]
Specific reserve	0		0
Impaired Financing Receivable, Adjusted Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Adjusted Recorded Investment	194		194
Commercial
Impaired Financing Receivable, Average Recorded Investment [Abstract]
YTD Average Recorded Investment, with no related allowance recorded	0	767	0	992
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
YTD Interest Income Recognized, with no related allowance recorded	0	22	0	38
Home equity
Impaired Financing Receivable, Average Recorded Investment [Abstract]
YTD Average Recorded Investment, with no related allowance recorded	195	153	196	131
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
YTD Interest Income Recognized, with no related allowance recorded	1	1	2	4
One-to-four-family
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	109		109		$ 801
Impaired Financing Receivable, Write-downs [Abstract]
Write-downs with no related allowance recorded	(12)		(12)		(67)
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	97		97		734
Impaired Financing Receivable, Specific Reserve [Abstract]
Specific reserve	0		0		0
Impaired Financing Receivable, Adjusted Recorded Investment [Abstract]
Impaired Financing Receivable, with No Related Allowance, Adjusted Recorded Investment	97		97		$ 734
Impaired Financing Receivable, Average Recorded Investment [Abstract]
YTD Average Recorded Investment, with no related allowance recorded	99	796	101	798
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
YTD Interest Income Recognized, with no related allowance recorded	1	11	3	26
Total real estate loans
Impaired Financing Receivable, Average Recorded Investment [Abstract]
YTD Average Recorded Investment, with no related allowance recorded	294	1,716	297	1,921
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method	2	34	5	68
Commercial and industrial
Impaired Financing Receivable, Average Recorded Investment [Abstract]
YTD Average Recorded Investment, with related allowance recorded	0	12	0	25
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract]
YTD Interest Income Recognized, with allowance recorded	$ 0	$ 0	$ 0	$ 0

Loans Receivable and Allowanc50

Loans Receivable and Allowance For Loan Losses - Schedule of Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 560,562	$ 511,282	$ 439,968
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	295,754	272,524
Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	50,936	50,034
Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,601	80,806
Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,591	16,540
One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	115,450	102,921
Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,176	22,223
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	165,736	158,322	149,531
Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,246	103,064
Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,364	29,226
Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,128	23,851
Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,998	2,181
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	99,072	80,436	$ 75,595
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	64,413	59,619
Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,659	20,817
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	554,631	503,917
Pass | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	293,813	270,246
Pass | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	49,253	50,034
Pass | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	76,601	79,100
Pass | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,372	16,493
Pass | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	115,411	102,396
Pass | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,176	22,223
Pass | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	165,434	157,877
Pass | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	101,944	102,656
Pass | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,364	29,189
Pass | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	28,128	23,851
Pass | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,998	2,181
Pass | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	95,384	75,794
Pass | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	60,725	54,977
Pass | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,659	20,817
Watch
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,399	4,058
Watch | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,683	1,706
Watch | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,683	0
Watch | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	1,706
Watch | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Watch | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	716	2,352
Watch | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	716	2,352
Watch | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	401	335
Special Mention | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Special Mention | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	401	335
Special Mention | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	401	335
Special Mention | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,131	2,972
Substandard | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	258	572
Substandard | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	219	47
Substandard | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	39	525
Substandard | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	302	445
Substandard | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	302	408
Substandard | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	37
Substandard | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Substandard | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,571	1,955
Substandard | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,571	1,955
Substandard | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Doubtful | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Solar
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

Loans Receivable and Allowanc51

Loans Receivable and Allowance For Loan Losses - Schedule of Troubled Debt Restructurings Accrual and Non-accrual (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Total TDR loan balance	$ 58	$ 734
TDR loans on accrual
Financing Receivable, Modifications [Line Items]
Total TDR loan balance	58	209
TDR loans on non-accrual
Financing Receivable, Modifications [Line Items]
Total TDR loan balance	$ 0	$ 525

Servicing Rights - Narrative (D

Servicing Rights - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Off-balance Sheet Risks, Disclosure Information [Line Items]
Servicing Asset	$ 6,751,000		$ 6,751,000		$ 5,811,000
Contractually specific servicing fees, late fees, and other ancillary fees	461,000	$ 281,000	879,000	$ 514,000
Mortgage, commercial and consumer servicing rIghts
Off-balance Sheet Risks, Disclosure Information [Line Items]
The unpaid principal balances of mortgage loans serviced	785,000,000		785,000,000		636,100,000
Fair market value of the mortgage servicing rights’ asset	$ 6,800,000		$ 6,800,000		$ 6,800,000

Servicing Rights - Schedule of

Servicing Rights - Schedule of Servicing Rights (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset [Roll Forward]
Contractually specific servicing fees, late fees, and other ancillary fees	$ 461,000	$ 281,000	$ 879,000	$ 514,000
Mortgage, commercial and consumer servicing rIghts | Carrying Amount
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset [Roll Forward]
Beginning balance	6,104,000	3,670,000	5,811,000	3,061,000
Additions	1,219,000	1,117,000	1,832,000	1,902,000
Servicing rights amortized	(357,000)	(217,000)	(678,000)	(394,000)
Impairment on servicing rights	(215,000)	(1,000)	(214,000)	0
Ending balance	$ 6,751,000	$ 4,569,000	$ 6,751,000	$ 4,569,000

Servicing Rights - Valuation As

Servicing Rights - Valuation Assumptions (Details)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Off-balance Sheet Risks, Disclosure Information [Line Items]
Conditional prepayment rate (“CPR”)	17.10%	10.40%
Mortgage, commercial and consumer servicing rIghts
Off-balance Sheet Risks, Disclosure Information [Line Items]
Weighted average discount rate	9.50%	8.50%	8.50%
Conditional prepayment rate (“CPR”)	17.10%		12.20%
Weighted average life in years	5 years 3 days	7 years 2 months 1 day

Servicing Rights - Changes in V

Servicing Rights - Changes in Valuation Assumptions (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Off-balance Sheet Risks, Disclosure Information [Line Items]
Basis Points Drop in Note Rate, Assumption One	0.50%		0.50%
Basis Points Drop in Note Rate, Assumption Two	1.00%		1.00%
Conditional prepayment rate	17.10%	10.40%
Mortgage, commercial and consumer servicing rIghts
Off-balance Sheet Risks, Disclosure Information [Line Items]
Aggregate portfolio principal balance	$ 780,582		$ 631,812
Weighted average rate of note	4.00%		4.00%
Conditional prepayment rate	17.10%		12.20%
Conditional prepayment rate, 0.5% Adverse Change	27.50%		17.80%
Conditional prepayment rate, 1.0% Adverse Change	36.80%		25.30%
Fair value MSR	$ 6,747		$ 6,813
Fair value MSR, 0.5% Adverse Change	5,057		5,660
Fair value of MSR, 1.0% Adverse Change	$ 4,137		$ 4,557
Percentage of MSR	0.90%		1.10%
Percentage of MSR, 0.5% Adverse Change	0.60%		0.90%
Percentage of MSR, 1.0% Adverse Change	0.50%		0.70%
Discount rate	9.50%	8.50%	8.50%
Discount rate, 0.5% Adverse Change	10.00%		9.00%
Discount rate, 1.0% Adverse Change	10.50%		9.50%
Fair value MSR, 0.5% Adverse Change	$ 6,639		$ 6,678
Fair value MSR, 1.0% Adverse Change	$ 6,535		$ 6,548
Percentage of MSR, 0.5% Adverse Change	0.90%		1.10%
Percentage of MSR, 1.0% Adverse Change	0.80%		1.00%

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Derivative [Line Items]
Derivative instruments, (loss) gain on sale of loans	$ 545	$ 417	$ 983	$ 1,500
Not Designated as Hedging Instrument | Fallout adjusted interest rate lock commitments with customers
Derivative [Line Items]
Notional	75,579		75,579		$ 34,154
Asset	2,058		2,058		698
Liability	0		0		0
Not Designated as Hedging Instrument | Mandatory and best effort forward commitments with investors
Derivative [Line Items]
Notional	24,753		24,753		24,135
Asset	0		0		74
Liability	3		3		0
Not Designated as Hedging Instrument | Forward TBA mortgage-backed securities
Derivative [Line Items]
Notional	105,000		105,000		49,000
Asset	0		0		3
Liability	1,003		1,003		0
Not Designated as Hedging Instrument | TBA mortgage-backed securities forward sales paired off with investors
Derivative [Line Items]
Notional	35,500		35,500		28,500
Asset	0		0		30
Liability	$ 150		$ 150		$ 0

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Real Estate [Roll Forward]
Beginning balance	$ 320,000	$ 0	$ 0	$ 0
Additions	0	0	525,000	0
Capitalized costs	1,000	0	7,000	0
Disposition of assets	(321,000)	0	(532,000)	0
Ending balance	$ 0	$ 0	$ 0	$ 0

Other Real Estate Owned - Narra

Other Real Estate Owned - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)property	Jun. 30, 2015USD ($)property	Jun. 30, 2016USD ($)property	Jun. 30, 2015USD ($)property
Banking and Thrift [Abstract]
Number of other real estate owned properties | property	0	0	0	0
Loss on sale of OREO	$ 150,000	$ 0	$ 150,000	$ 0
Other real estate owned holding costs (recovery)	$ 0	$ 0	$ 0	$ 0

Deposits - Schedule of Deposit

Deposits - Schedule of Deposit Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 22, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Noninterest-bearing checking	$ 145,304		$ 66,676
Interest-bearing checking	54,709		34,098
Savings	50,049		30,126
Money market	232,754		159,605
Certificates of deposit less than $100,000	72,014		65,175
Certificates of deposit of $100,000 through $250,000	76,971		91,317
Certificates of deposit of $250,000 and over	26,811		32,610
Escrow accounts related to mortgages serviced	7,504		5,571
Total deposits	666,116	$ 171,300	485,178
Brokered deposits	$ 24,800		$ 27,900

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits for Future Periods (Details) $ in Thousands	Jun. 30, 2016USD ($)
Banking and Thrift [Abstract]
2,016	$ 31,128
2,017	73,598
2,018	49,732
2,019	8,155
2,020	7,697
Thereafter	5,486
Total	$ 175,796

Deposits - Securities Pledged a

Deposits - Securities Pledged as Collateral Policy (Details)	Jun. 30, 2016USD ($)security	Dec. 31, 2015USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Number of securities pledged (in securities) | security	12
Securities pledged as collateral for public deposits, fair value	$ 13,400,000
Deposits held at Federal Reserve Bank	12,800,000	$ 3,000,000
Washington State
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Washington State public deposits	8,500,000
Collateral requirement	$ 625,000

Deposits - Schedule of Interest

Deposits - Schedule of Interest Expense by Deposit Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Banking and Thrift [Abstract]
Interest-bearing checking	$ 7	$ 7	$ 12	$ 13
Savings and money market	254	259	500	498
Certificates of deposit	524	546	1,091	1,048
Total	$ 785	$ 812	$ 1,603	$ 1,559

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Commitments to Extend Credit (Details) - Commitments to Extend Credit - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 285,147	$ 213,520
REAL ESTATE LOANS
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	205,401	140,628
Commercial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	0	1,988
Construction and development
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	45,963	44,109
One-to-four-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	136,624	76,013
Home equity
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	22,382	18,089
Commercial/Multi-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	432	429
CONSUMER LOANS
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	8,444	5,754
COMMERCIAL BUSINESS LOANS
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	71,302	67,138
Commercial and industrial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	30,711	39,537
Warehouse lending
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 40,591	$ 27,601

Commitments and Contingencies64

Commitments and Contingencies - Narrative (Details)	6 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Loss Contingencies [Line Items]
Severance agreement, period of base compensation disbursed as lump sum payment (in months)	24 months
Change of control agreement, notice required to cancel agreement (in months)	24 months
Change of control agreement, period of base compensation disbursed as lump sum payment (in months)	12 months
Pending material legal actions	0
Maximum
Loss Contingencies [Line Items]
Change of control agreement, executive payment, period prior to change in control (in months)	6 months
Change of control agreement, executive payment, period following change in control (in months)	12 months
Commitments to Extend Credit
Loss Contingencies [Line Items]
Reserve for estimated losses	$ 156,000	$ 147,000
Guarantee on loans sold
Loss Contingencies [Line Items]
Reserve for estimated losses	$ 700,000	$ 561,000

Fair Value of Financial Instr65

Fair Value of Financial Instruments - Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 97,728	$ 55,217
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	97,728	55,217
Fair Value, Measurements, Recurring | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	9,330	6,035
Fair Value, Measurements, Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	26,051	18,891
Fair Value, Measurements, Recurring | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	7,572	3,433
Fair Value, Measurements, Recurring | U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	6,103	4,023
Fair Value, Measurements, Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	48,672	22,835
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 1 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	97,728	55,217
Fair Value, Measurements, Recurring | Level 2 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	9,330	6,035
Fair Value, Measurements, Recurring | Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	26,051	18,891
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	7,572	3,433
Fair Value, Measurements, Recurring | Level 2 | U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	6,103	4,023
Fair Value, Measurements, Recurring | Level 2 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	48,672	22,835
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Level 3 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 0	$ 0

Fair Value of Financial Instr66

Fair Value of Financial Instruments - Schedule of Mortgage loans held for sale (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale, at fair value	$ 63,696	$ 44,925
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale, at fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale, at fair value	63,696	44,925
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale, at fair value	$ 0	$ 0

Fair Value of Financial Instr67

Fair Value of Financial Instruments - Schedule of Interest Rate Lock Commitments Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - Interest Rate Lock Commitments - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Lock Commitments with Customers	$ 2,058	$ 698
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Lock Commitments with Customers	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Lock Commitments with Customers	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Lock Commitments with Customers	$ 2,058	$ 698

Fair Value of Financial Instr68

Fair Value of Financial Instruments - Forward Sale Commitments with Investors (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individual Forward Sale Commitments with Investors	$ (1,006)	$ 77
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individual Forward Sale Commitments with Investors	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individual Forward Sale Commitments with Investors	(1,003)	3
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individual Forward Sale Commitments with Investors	$ (3)	$ 74

Fair Value of Financial Instr69

Fair Value of Financial Instruments - Paired Off Commitments with Investors (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Paired Off Commitments with Investors	$ (150)	$ 30
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Paired Off Commitments with Investors	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Paired Off Commitments with Investors	(150)	30
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Paired Off Commitments with Investors	$ 0	$ 0

Fair Value of Financial Instr70

Fair Value of Financial Instruments - Schedule of Impaired Loans and OREO (Details) - Carrying Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	$ 291	$ 734
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	$ 291	$ 734

Fair Value of Financial Instr71

Fair Value of Financial Instruments - Discount Rate (Details) - Level 3	6 Months Ended
	Jun. 30, 2016
Fair Value, Measurements, Nonrecurring | Impaired Loans | Fair Value of Underlying Collateral | Minimum | Discount applied to the obtained appraisal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	0.00%
Fair Value, Measurements, Nonrecurring | Impaired Loans | Fair Value of Underlying Collateral | Maximum | Discount applied to the obtained appraisal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	18.00%
Fair Value, Measurements, Nonrecurring | Impaired Loans | Fair Value of Underlying Collateral | Weighted Average | Discount applied to the obtained appraisal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	0.00%
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Quoted Market Prices | Minimum | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	80.00%
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Quoted Market Prices | Maximum | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	99.00%
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Quoted Market Prices | Weighted Average | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	92.80%
Fair Value, Measurements, Recurring | Mandatory and best effort forward commitments with investors | Quoted Market Prices | Minimum | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	80.00%
Fair Value, Measurements, Recurring | Mandatory and best effort forward commitments with investors | Quoted Market Prices | Maximum | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	99.00%
Fair Value, Measurements, Recurring | Mandatory and best effort forward commitments with investors | Quoted Market Prices | Weighted Average | Pull-through expectations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Level 3 Fair Value Instrument	92.80%

Fair Value of Financial Instr72

Fair Value of Financial Instruments - Fair Value Level 3 Rollforward (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fallout adjusted interest rate lock commitments with customers
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,429	$ 1,026	$ 698	$ 396
Purchases and issuances	4,513	2,816	8,276	5,963
Sales and settlements	(3,884)	(2,908)	(6,916)	(5,425)
Ending Balance	2,058	934	2,058	934
Net change in fair value for gains/(losses) relating to items held at end of period	629	(92)	1,360	538
Mandatory and best effort forward commitments with investors
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	(28)	(55)	74	12
Purchases and issuances	(2)	147	(206)	87
Sales and settlements	27	18	129	11
Ending Balance	(3)	110	(3)	110
Net change in fair value for gains/(losses) relating to items held at end of period	$ 25	$ 165	$ (77)	$ 98

Fair Value of Financial Instr73

Fair Value of Financial Instruments - Fair Value By Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Certificates of deposit at other financial institutions	$ 14,010	$ 12,421
Securities available-for-sale, at fair value	97,728	55,217
Subordinated note	10,000	10,000
Financial Assets | Carrying Amount | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	14,892	24,445
Certificates of deposit at other financial institutions	14,010	12,421
Financial Assets | Carrying Amount | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale, at fair value	97,728	55,217
Loans held for sale, at fair value	63,696	44,925
FHLB stock, at cost	1,600	4,551
Accrued interest receivable	2,420	2,107
Forward sale commitments with investors	0	3
Paired off commitments with investors	0	30
Financial Assets | Carrying Amount | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward sale commitments with investors	0	74
Loans receivable, net	550,104	502,535
Servicing rights, held at lower of cost or fair value	6,751	5,811
Fair value interest rate locks with customers	2,058	698
Financial Assets | Fair Value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	14,892	24,445
Certificates of deposit at other financial institutions	14,010	12,421
Financial Assets | Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale, at fair value	97,728	55,217
Loans held for sale, at fair value	63,696	44,925
FHLB stock, at cost	1,600	4,551
Accrued interest receivable	2,420	2,107
Forward sale commitments with investors	0	3
Paired off commitments with investors	0	30
Financial Assets | Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward sale commitments with investors	0	74
Loans receivable, net	638,928	566,209
Servicing rights, held at lower of cost or fair value	6,751	6,848
Fair value interest rate locks with customers	2,058	698
Financial Liabilities | Carrying Amount | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Paired off commitments with investors	150	0
Deposits	666,116	485,178
Borrowings	19,670	98,769
Subordinated note	10,000	10,000
Accrued interest payable	183	22
Commitments with investors	1,003	0
Financial Liabilities | Carrying Amount | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitments with investors	3	0
Financial Liabilities | Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Paired off commitments with investors	150	0
Deposits	672,667	494,871
Borrowings	19,754	98,739
Subordinated note	9,550	9,550
Accrued interest payable	183	22
Commitment with investors	1,003	0
Financial Liabilities | Fair Value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commitment with investors	$ 3	$ 0

Employee Benefits - Narrative (

Employee Benefits - Narrative (Details) - USD ($)	Jan. 02, 2012	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2012	Jul. 09, 2012
Compensation and Retirement Disclosure [Abstract]
Employee stock ownership plan (ESOP), requisite service period and 12 months	1000 hours			1000 hours
Employee stock ownership plan (ESOP), debt structure, employer loan, amount								$ 2,600,000
Employee stock ownership plan shares purchased							259,210
Employee stock ownership plan (ESOP), weighted average purchase price of shares purchased (in dollars per share)							$ 10.17
Amortization period of ESOP loan							10 years
Employee stock ownership plan (ESOP), debt structure, employer loan, interest rate							2.30%
Employee stock ownership plan (ESOP), periodic installment payments from esop, amount paid						$ 251,000
Employee stock ownership plan (ESOP), interest payments from esop				$ 0		$ 44,000
ESOP compensation expense for allocated shares		$ 166,000	$ 137,000	$ 326,000	$ 259,000

Employee Benefits - Schedule of

Employee Benefits - Schedule of Shares Under ESOP (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jul. 09, 2012
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Allocated shares	102,359
Committed to be released shares	12,960
Unallocated shares	142,566
Total ESOP shares	257,885	259,210
Fair value of unallocated shares (in thousands)	$ 3,577

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income	$ 2,835	$ 2,794	$ 4,496	$ 4,864
Denominator for basic earnings per share- weighted average common shares outstanding (shares)	2,887,525	2,962,302	2,920,923	2,952,223
Dilutive shares (in shares)	78,506	41,677	81,789	33,104
Denominator for diluted earnings per share- weighted average common shares outstanding (shares)	2,966,031	3,003,979	3,002,712	2,985,327
Basic earnings per share (in dollars per share)	$ 0.98	$ 0.94	$ 1.54	$ 1.65
Diluted earnings per share (in dollars per share)	$ 0.96	$ 0.93	$ 1.50	$ 1.63

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - 2013 Equity Incentive Plan - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 199,000	$ 191,000	$ 393,000	$ 373,000
Stock option, fair value assumption, expected life					8 years 4 months 10 days
Remaining weighted-average vesting period			7 years 10 months 8 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)							324,013
Market price per share (in dollars per share)						$ 16.89
Award vesting period			5 years
Annual award vesting percentage			20.00%
Award contractual life			10 years
Expiration period			10 years
Stock option, fair value assumption, expected life			6 years 6 months
Unrecognized compensation cost, nonvested awards	$ 654,000		$ 654,000
Remaining weighted-average vesting period			2 years 340 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)							129,605
Market price per share (in dollars per share)	$ 16.89		$ 16.89
Award vesting period			5 years
Unrecognized compensation cost, nonvested awards	$ 1,100,000		$ 1,100,000
Number of shares retired (in shares)		4,500
Weighted-average vesting period			2 years 6 months
Restricted stock awards | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity (Details) - 2013 Equity Incentive Plan - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expected Forfeiture Rate	0.31%
Shares
Outstanding, beginning balance (in shares)	306,900
Granted (in shares)	0
Less exercised (in shares)	6,300
Outstanding, ending balance (in shares)	300,600	306,900
Expected to vest, assuming a 0.31% annual forfeiture rate (in shares)	299,507
Exercisable (in shares)	110,400
Weighted-Average Exercise Price
Outstanding, beginning balance (in dollars per share)	$ 16.89
Granted (in dollars per share)	0
Less exercised (in dollars per share)	16.89
Outstanding, ending balance (in dollars per share)	16.89	$ 16.89
Expected to vest, assuming a 0.31% annual forfeiture rate (in dollars per share)	16.89
Exercisable (in dollars per share)	$ 16.89
Weighted-Average Remaining Contractual Term In Years
Outstanding, beginning balance		8 years 4 months 10 days
Outstanding, ending balance	7 years 10 months 8 days
Expected to vest, assuming a 0.31% annual forfeiture rate	7 years 10 months 8 days
Exercisable	7 years 10 months 8 days
Aggregate Intrinsic Value
Beginning balance	$ 2,794,570
Granted	$ 0
Less exercised	$ 49,140
Ending balance	2,543,076	$ 2,794,570
Expected to vest, assuming a 0.31% annual forfeiture rate	2,533,827
Exercisable	$ 933,984

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Awards (Details) - Restricted stock awards	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Shares
Nonvested, Beginning balance (in shares) | shares	94,684
Granted (shares) | shares	4,500
Less vested (in shares) | shares	30,421
Nonvested, Ending balance (in shares) | shares	68,763
Weighted-Average Grant-Date Fair Value Per Share
Nonvested, Beginning balance (in dollars per share) | $ / shares	$ 16.89
Granted (in dollars per share) | $ / shares	26
Less vested (in dollars per share) | $ / shares	16.89
Nonvested, Ending balance (in dollars per share) | $ / shares	$ 17.49
Weighted-Average Grant-Date Fair Value
Nonvested, Beginning balance | $	$ 1,599,212
Granted | $	117,000
Less vested | $	513,811
Nonvested, Endng balance | $	$ 1,202,401

Regulatory Capital - Schedule o

Regulatory Capital - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital, Ratio	12.80%
Tier 1 risk-based capital, Ratio	11.50%
Tier 1 leverage capital, Ratio	9.10%
CET 1 capital, Ratio	11.50%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital, Amount	$ 87,222	$ 85,570
Total risk-based capital, Ratio	14.02%	15.51%
Total risk-based capital, For Capital Adequacy Purposes, Amount	$ 49,759	$ 44,132
Total risk-based capital, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 62,198	$ 55,164
Total risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 risk-based capital, Amount	$ 79,431	$ 78,662
Tier 1 risk-based capital, Ratio	12.77%	14.26%
Tier 1 risk-based capital, For Capital Adequacy Purposes, Amount	$ 37,319	$ 33,099
Tier 1 risk-based capital, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 49,759	$ 44,132
Tier 1 risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 leverage capital	$ 79,431	$ 78,662
Tier 1 leverage capital, Ratio	10.14%	12.14%
Tier 1 leverage capital, For Capital Adequacy Purposes, Amount	$ 31,326	$ 25,924
Tier 1 leverage capital, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,158	$ 32,406
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
CET 1 capital, Amount	$ 79,431	$ 78,662
CET 1 capital, Ratio	12.77%	14.26%
CET 1 capital, For Capital Adequacy Purposes, Amount	$ 27,989	$ 24,824
CET 1 capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
CET 1 capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 40,429	$ 35,857
CET 1 capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

Regulatory Capital - Regulatory

Regulatory Capital - Regulatory Capital Ratios Policy (Details)	Jun. 30, 2016
Regulatory Capital Requirements [Abstract]
CET 1 capital conversion buffer	2.50%
CET 1 capital conversion buffer phased in	0.625%
Tier 1 leverage capital, Ratio	9.10%
Tier 1 risk-based capital, Ratio	11.50%
Total risk-based capital, Ratio	12.80%
CET 1 capital, Ratio	11.50%