FS Bancorp (FSBW) 10-Q10 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2022	May 06, 2022
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Entity File Number	001-35589
Entity Registrant Name	FS BANCORP, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	45-4585178
Entity Address, Address Line One	6920 220th Street SW
Entity Address, City or Town	Mountlake Terrace
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98043
City Area Code	425
Local Phone Number	771-5299
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FSBW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,906,583
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001530249
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 12,014	$ 12,043
Interest-bearing deposits at other financial institutions	17,592	14,448
Total cash and cash equivalents	29,606	26,491
Certificates of deposit at other financial institutions	8,177	10,542
Securities available-for-sale, at fair value	263,306	271,359
Securities held-to-maturity, net of allowance for credit losses of $72 and none, respectively (fair value of $7,923 and $8,128, respectively)	7,428	7,500
Loans held for sale, at fair value	42,068	125,810
Loans receivable, net (includes $14,918 and $16,083, at fair value, respectively)	1,797,663	1,728,540
Accrued interest receivable	8,436	7,594
Premises and equipment, net	26,116	26,591
Operating lease right-of-use ("ROU") assets	5,172	4,557
Federal Home Loan Bank ("FHLB") stock, at cost	4,666	4,778
Deferred tax asset, net	2,611
Bank owned life insurance ("BOLI"), net	36,890	37,092
Servicing rights, held at the lower of cost or fair value	18,041	16,970
Goodwill	2,312	2,312
Core deposit intangible, net	3,887	4,060
Other assets	17,554	12,195
TOTAL ASSETS	2,273,933	2,286,391
LIABILITIES
Noninterest-bearing accounts	475,142	459,522
Interest-bearing accounts	1,444,646	1,456,222
Total deposits	1,919,788	1,915,744
Borrowings	35,528	42,528
Principal amount	50,000	50,000
Unamortized debt issuance costs	(589)	(606)
Total subordinated notes less unamortized debt issuance costs	49,411	49,394
Operating lease liabilities	5,406	4,792
Deferred tax liability, net		1,183
Other liabilities	27,850	25,243
Total liabilities	2,037,983	2,038,884
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued or outstanding
Common stock, $.01 par value; 45,000,000 shares authorized; 8,067,211 and 8,169,887 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	81	82
Additional paid-in capital	65,035	67,958
Retained earnings	184,748	179,215
Accumulated other comprehensive (loss) income, net of tax	(13,914)	252
Total stockholders' equity	235,950	247,507
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,273,933	$ 2,286,391

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Mar. 31, 2022USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares
Items included in Consolidated Balance Sheets
Allowance for credit losses \| $	$ 72	$ 0
Securities held-to-maturity, at fair value \| $	7,663	8,128
Loans receivable, at fair value \| $	$ 14,918	$ 16,083
Preferred stock par value, in dollars per share \| $ / shares	$ 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 \| $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	8,067,211	8,169,887
Common stock, shares outstanding	8,067,211	8,169,887

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
INTEREST INCOME
Loans receivable, including fees	$ 23,047	$ 21,534
Interest and dividends on investment securities, cash and cash equivalents, and certificates of deposit at other financial institutions	1,579	1,250
Total interest and dividend income	24,626	22,784
INTEREST EXPENSE
Deposits	1,285	1,982
Borrowings	133	446
Subordinated notes	486	256
Total interest expense	1,904	2,684
NET INTEREST INCOME	22,722	20,100
PROVISION FOR CREDIT LOSSES	1,043	1,500
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	21,679	18,600
NONINTEREST INCOME
Service charges and fee income	1,013	765
Gain on sale of loans	3,857	11,685
Earnings on cash surrender value of BOLI	217	214
Other noninterest income	789	370
Total noninterest income	5,876	13,034
NONINTEREST EXPENSE
Salaries and benefits	11,972	11,609
Operations	2,479	2,467
Occupancy	1,223	1,139
Data processing	1,360	1,307
Loss on sale of OREO	0	9
Loan costs	523	524
Professional and board fees	993	822
Federal Deposit Insurance Corporation ("FDIC") insurance	157	248
Marketing and advertising	188	97
Amortization of core deposit intangible	173	177
Recovery of servicing rights	(1)	(2,050)
Total noninterest expense	19,067	16,349
INCOME BEFORE PROVISION FOR INCOME TAXES	8,488	15,285
PROVISION FOR INCOME TAXES	1,618	3,402
NET INCOME	$ 6,870	$ 11,883
Basic earnings per share (in dollars per share)	$ 0.83	$ 1.39
Diluted earnings per share (in dollars per share)	$ 0.81	$ 1.35

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical)	Jul. 14, 2021
CONSOLIDATED STATEMENTS OF INCOME
Stock split, conversion ratio	2

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Consolidated Statements of Comprehensive Income
Net income	$ 6,870	$ 11,883
Securities available-for-sale:
Unrealized loss during period	(20,973)	(2,186)
Income tax benefit related to unrealized holding loss	4,510	472
Cash flow hedges:
Unrealized derivative gain during period	2,827	1,036
Income tax provision related to unrealized derivative gain	(608)	(223)
Reclassification adjustment for realized loss, net included in net income	101	114
Income tax benefit related to reclassification, net	(23)	(25)
Other comprehensive loss, net of tax	(14,166)	(812)
COMPREHENSIVE (LOSS) INCOME	$ (7,296)	$ 11,071

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained EarningsChange in accounting principle	Retained Earnings	Accumulated Other Comprehensive Income, Net of Tax	Unearned ESOP Shares	Change in accounting principle	Total
Balance at Dec. 31, 2020	$ 84	$ 81,276		$ 146,405	$ 2,533	$ (291)		$ 230,007
Balance (in shares) at Dec. 31, 2020	8,475,912
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				11,883				11,883
Dividends paid				(1,095)				(1,095)
Share-based compensation		295						295
Common stock repurchased - repurchase plan		(273)						(273)
Common stock repurchased - repurchase plan (in shares)	(14,832)
Stock options exercised, net		(96)						(96)
Stock options exercised, net (in shares)	5,000
Other comprehensive loss, net of tax					(812)			(812)
ESOP shares allocated		336				66		402
Balance at Mar. 31, 2021	$ 84	81,538		157,193	1,721	$ (225)		240,311
Balance (in shares) at Mar. 31, 2021	8,466,080
Balance (Accounting Standards Update 2016-13) at Dec. 31, 2021			$ 297				$ 297
Balance at Dec. 31, 2021	$ 82	67,958		179,215	252			247,507
Balance (in shares) at Dec. 31, 2021	8,169,887
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				6,870				6,870
Dividends paid				(1,634)				(1,634)
Share-based compensation		451						451
Common stock repurchased - repurchase plan	$ (1)	(3,444)						(3,445)
Common stock repurchased - repurchase plan (in shares)	(115,356)
Stock options exercised, net		70						70
Stock options exercised, net (in shares)	12,680
Other comprehensive loss, net of tax					(14,166)			(14,166)
Balance at Mar. 31, 2022	$ 81	$ 65,035		$ 184,748	$ (13,914)			$ 235,950
Balance (in shares) at Mar. 31, 2022	8,067,211

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Mar. 31, 2022$ / shares	Mar. 31, 2021$ / shares
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)	$ 0.20	$ 0.13

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,870	$ 11,883
Adjustments to reconcile net income to net cash from operating activities
Provision for credit losses	1,043	1,500
Depreciation, amortization and accretion	4,289	5,165
Compensation expense related to stock options and restricted stock awards	451	295
ESOP compensation expense for allocated shares	0	402
Change in cash surrender value of BOLI	(217)	(214)
Gain on sale of loans held for sale	(3,857)	(11,685)
Origination of loans held for sale	(211,575)	(409,209)
Proceeds from sale of loans held for sale	302,553	423,983
Recovery of servicing rights	(1)	(2,050)
Loss on sale of OREO	0	9
Changes in operating assets and liabilities
Accrued interest receivable	(842)	(399)
Other assets	(476)	(2,547)
Other liabilities	(296)	1,066
Net cash from operating activities	97,942	18,199
Activity in securities available-for-sale:
Maturities, prepayments, and calls	3,333	6,919
Purchases	(16,762)	(32,729)
Maturities of certificates of deposit at other financial institutions	2,365	0
Portfolio loan originations and principal collections, net	(73,340)	(50,704)
Purchase of portfolio loans	(2,806)	0
Proceeds from sale of portfolio loans	0	81
Purchase of premises and equipment	(160)	(128)
Proceeds from bank owned life insurance death benefits	419	0
Change in FHLB stock, net	112	964
Net cash used by investing activities	(86,839)	(75,597)
CASH FLOWS (USED BY) FROM FINANCING ACTIVITIES
Net increase in deposits	4,021	106,680
Proceeds from borrowings	38,000	0
Repayments of borrowings	(45,000)	(93,281)
Dividends paid on common stock	(1,634)	(1,095)
Net proceeds from issuance of subordinated notes	0	49,333
Repayment of subordinated notes	0	(10,000)
Disbursements from stock options exercised, net	70	(96)
Common stock repurchased	(3,445)	(273)
Net cash (used by) from financing activities	(7,988)	51,268
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,115	(6,130)
CASH AND CASH EQUIVALENTS, beginning of period	26,491	91,576
CASH AND CASH EQUIVALENTS, end of period	29,606	85,446
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION
Interest on deposits and borrowings	1,921	2,546
Income taxes	0	0
SUPPLEMENTARY DISCLOSURES OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES
Change in unrealized loss on investment securities	(20,973)	(2,186)
Change in unrealized gain on cash flow hedges	2,928	1,150
Retention in gross mortgage servicing rights from loan sales	2,550	3,144
Right-of-use assets in exchange for lease liabilities	$ 938	$ 422

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations - a Financial Statement Presentation - The results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, 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 significant change relate to the determination of the allowance for credit losses, fair value of financial instruments, the valuation of servicing rights, deferred income taxes, and if needed, a deferred tax asset valuation allowance. Amounts presented in the consolidated financial statements and footnote tables are rounded and presented to the nearest thousands of dollars except per share amounts. If the amounts are above $1.0 million, they are rounded one decimal point, and if they are above $1.0 billion, they are rounded two decimal points. Principles of Consolidation - Segment Reporting - Subsequent Events - RECENT ACCOUNTING PRONOUNCEMENTS In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform” (“Topic 848”) for contracts that are modified because of reference rate reform and that meet certain scope guidance: 1) Modifications of contracts within the scope of Topics 310, Receivables, and 470, Debt, should be accounted for by prospectively adjusting the effective interest rate; 2) Modifications of contracts within the scope of Topics 840, Leases, and 842, Leases, should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate (for example, the incremental borrowing rate) or remeasurements of lease payments that otherwise would be required under those Topics for modifications not accounted for as separate contracts; and 3) Modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging - Embedded Derivatives. In January 2021, ASU 2021-01 updated amendments in the new ASU to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. Amendments in this ASU and the expedients and exceptions in Topic 848 capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply the amendments in this ASU on a full retrospective basis as of any date from the effective dates. The amendments in this ASU have differing effective dates, beginning with an interim period including and subsequent to March 12, 2020 through December 31, 2022. The Company does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments eliminate the accounting guidance for troubled debt restructurings (“TDRs”) for creditors, require new disclosures for creditors for certain loan refinancings and restructurings when a borrower is experiencing financial difficulty, and require public business entities to include current-period gross write-offs in the vintage disclosure tables. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Since the Company previously adopted the amendments in ASU 2016-13, which is commonly referred to as the current expected credit loss methodology, on January 1, 2022, the amendments can be adopted early. The Company is currently evaluating the impact of the adoption of ASU 2022-02. Application of New Accounting Guidance Adopted in 2022 On January 1, 2022, the Company adopted ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the incurred loss methodology that delays recognition until it is probable a loss has been incurred with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. Additionally, Accounting Standards Codification (“ASC”) 326 made changes to the accounting for available-for-sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that is more likely than not they will be required to sell. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2022 are presented under ASC 326. The adoption resulted in a decrease of $2.9 million to our allowance for credit losses on loans (“ACLL”), an increase of $2.4 million to our allowance for unfunded commitments and letters of credit, an increase of $72,000 to our allowance for held-to-maturity securities, and a net-of-tax cumulative-effect adjustment of $297,000 to increase the beginning balance of retained earnings. The Company finalized the adoption as of January 1, 2022 as detailed in the following table: January 1, 2022 As Reported January 1, 2022 Pre-Topic 326 Impact of Topic 326 Assets Under Topic 326 Adoption Adoption Allowance for credit losses on debt securities held-to-maturity $ 72 $ — $ 72 Loans Commercial $ 1,728 $ 5,667 $ (3,939) Construction and development 2,328 4,448 (2,120) Home equity 455 279 176 One-to-four-family 3,656 1,424 2,232 Multi-family 1,397 2,980 (1,583) Indirect home improvement 9,394 3,540 5,854 Marine 900 702 198 Other consumer 64 38 26 Commercial and industrial 2,727 5,953 (3,226) Warehouse lending 127 583 (456) Unallocated — 21 (21) Allowance for credit losses on loans $ 22,776 $ 25,635 $ (2,859) Liabilities Allowance for credit losses on unfunded loan commitments $ 2,908 $ 499 $ 2,409 Total $ (378) ________________________ The adoption of CECL resulted in an increase of retained earnings of $297,000, net of tax. Allowance for Credit Losses on Held-to-Maturity Securities Management measures expected credit losses on held-to-maturity securities by individual security. Accrued interest receivable on held-to-maturity debt securities totaled $103,000 at March 31, 2022, is recorded in Other Assets on the Consolidated Balance Sheets and excluded from the estimate of credit losses. The estimate of expected credit losses considers credit ratings and historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The held-to-maturity portfolio consists entirely of corporate securities. Securities are generally rated BBB- or higher. Securities are analyzed individually to establish a CECL reserve. Allowance for Credit Losses on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, management first assesses whether it intends to sell, or is more likely than not to be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For debt securities available-for-sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (“OCI”). Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $1.8 million at March 31, 2022, is recorded in Other Assets on the Consolidated Balance Sheets and is not included in the estimate of credit losses. Allowance for Credit Losses on Loans The allowance for credit losses on loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed and recoveries are credited to the allowance when received. The Company may also account for expected recoveries should information of an anticipated recovery become available. In the case of actual or expected recoveries, amounts may not exceed the aggregate of amounts previously charged off. Management utilizes relevant available information, from internal and external sources, relating to past events, current conditions, historical loss experience, and reasonable and supportable forecasts. The lookback period in the analysis includes historical data from 2009 to present. Adjustments to historical loss information are made when management determines historical data is not likely reflective of the current portfolio such as limited data sets or lack of default or loss history. Management may selectively apply external market data to subjectively adjust the Company’s own loss history including index or peer data. Accrued interest receivable totaled $6.5 million at March 31, 2022, was reported in Other Assets on the Consolidated Balance Sheets, and was excluded from the estimate of credit losses for loans. Collective Assessment The allowance for credit losses on loans is measured on a collective cohort basis when similar risk characteristics exist. Generally, collectively assessed loans are grouped by call report code and then risk grade grouping. Risk grade is grouped within each call report code by pass, watch, special mention, substandard, and doubtful. Other loan types are separated into their own cohorts due to specific risk characteristics for that pool of loans. The Company has elected a non-discounted cash flow methodology with probability of default (“PD”) and loss given default (“LGD”) for all call report code cohorts (“cohorts”), with the exception of the indirect and marine portfolios which are evaluated under a vintage methodology. Guaranteed portions of loans are measured with zero risk due to cash collateral and full guaranty. The PD calculation looks at the historical loan portfolio at particular points in time (each month during the lookback period) to determine the probability that loans in a certain cohort will default over the next 12-month period. A default is defined as a loan that has moved to past due 90 days and greater, nonaccrual status, or experienced a charge-off during the period. In cohorts where the Company’s historical data are insufficient due to a minimal amount of default activity or zero defaults, management uses index PDs comprised of rates derived from the PD experience of other community banks in place of the Company’s historical PDs. Additionally, management reviews all other cohorts to determine if index PDs should be used outside of these criteria. The LGD calculation looks at actual losses (net charge-offs) experienced over the entire lookback period for each cohort of loans. The aggregate loss amount is divided by the exposure at default to determine an LGD rate. All defaults (non-accrual, charge-off, or greater than 90 days past due) occurring during the lookback period are included in the denominator, whether a loss occurred or not and exposure at default is determined by the loan balance immediately preceding the default event (i.e. nonaccrual or charge-off). Due to very limited charge-off history, management uses index LGDs comprised of rates derived from the LGD experience of other community banks in place of the Company’s historical LGDs. The Company utilizes reasonable and supportable forecasts of future economic conditions when estimating the allowance for credit losses on loans. The calculation includes a 12-month PD forecast based on the Company’s regression model comparing peer nonperforming loan ratios to the national unemployment rate and other forecast data. After the forecast period, PD rates revert on a straight-line basis back to long-term historical average rates over a 12-month period. The Company recognizes that all significant factors that affect the collectability of the loan portfolio must be considered to determine the estimated credit losses as of the evaluation date. Furthermore, the methodology, in and of itself and even when selectively adjusted by comparison to market and peer data, does not provide a sufficient basis to determine the estimated credit losses. The Company adjusts the modeled historical losses by a Qualitative and Environmental adjustment to incorporate all significant risks to form a sufficient basis to estimate the credit losses. Individual Assessment Loans classified as Nonaccrual, Troubled Debt Restructuring (“TDR”), or Reasonably Expected TDR will be reviewed quarterly for potential individual assessment. Any loan classified as a Nonaccrual or TDR that is not determined to need individual assessment will be evaluated collectively within its respective cohort. All Reasonably Expected TDR loans will be evaluated individually to account for expected modifications in loan terms. Where the primary and/or expected source of repayment of a specific loan is believed to be the future liquidation of available collateral, impairment will generally be measured based upon expected future collateral proceeds, net of disposition expenses including sales commissions as well as other costs potentially necessary to sell the asset(s) (i.e. past due taxes, liens, etc.). Estimates of future collateral proceeds will be based upon available appraisals, reference to recent valuations of comparable properties, use of consultants or other professionals with relevant market and/or property-specific knowledge, and any other sources of information believed appropriate by management under the specific circumstances. When appraisals are ordered to support the impairment analysis of an impaired loan, the appraisal is reviewed by the Company’s internal appraisal reviewer. Where the primary and/or expected source of repayment of a specific loan is believed to be the receipt of principal and interest payments from the borrower and/or the refinancing of the loan by another creditor, impairment will generally be measured based upon the present value of expected proceeds discounted at the contractual interest rate. Expected refinancing proceeds may be estimated from review of term sheets actually received by the borrower from other creditors and/or from the Company’s knowledge of terms generally available from other banks. Determining the Contractual Term Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a TDR will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Prepayment assumptions will be determined by analysis of historical behavior by loan cohort. Troubled Debt Restructurings A loan for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a TDR. Any loan that is being considered for modification and expected to result in a TDR is identified as a Reasonably Expected TDR. Reasonably Expected TDRs are assessed in the CECL calculation utilizing their expected modified terms. The allowance for credit losses on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows when a rate modification has occurred. Allowance for Credit Losses on Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on unfunded commitments is adjusted through a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The estimate utilizes the same factors and assumptions as the allowance for credit losses on loans and is applied at the same collective cohort level.

INVESTMENTS

INVESTMENTS	3 Months Ended
INVESTMENTS	Mar. 31, 2022
INVESTMENTS
INVESTMENTS	NOTE 2 - INVESTMENTS The following tables present the amortized costs, unrealized gains, unrealized losses, estimated fair values of securities available-for-sale and held-to-maturity, and allowance for credit losses at March 31, 2022 and December 31, 2021: March 31, 2022 Estimated Allowance Amortized Unrealized Unrealized Fair for Credit SECURITIES AVAILABLE-FOR-SALE Cost Gains Losses Values Losses U.S. agency securities $ 21,154 $ 94 $ (2,256) $ 18,992 $ — Corporate securities 9,496 12 (774) 8,734 — Municipal bonds 144,572 255 (13,091) 131,736 — Mortgage-backed securities 92,346 25 (5,724) 86,647 — U.S. Small Business Administration securities 17,403 61 (267) 17,197 — Total securities available-for-sale 284,971 447 (22,112) 263,306 — SECURITIES HELD-TO-MATURITY Corporate securities 7,500 191 (28) 7,663 72 Total securities held-to-maturity 7,500 191 (28) 7,663 72 — Total securities $ 292,471 $ 638 $ (22,140) $ 270,969 $ 72 December 31, 2021 Estimated Amortized Unrealized Unrealized Fair SECURITIES AVAILABLE-FOR-SALE Cost Gains Losses Values U.S. agency securities $ 21,155 $ 133 $ (318) $ 20,970 Corporate securities 9,495 31 (524) 9,002 Municipal bonds 136,377 1,577 (2,521) 135,433 Mortgage-backed securities 88,641 1,457 (696) 89,402 U.S. Small Business Administration securities 16,383 235 (66) 16,552 Total securities available-for-sale 272,051 3,433 (4,125) 271,359 SECURITIES HELD-TO-MATURITY Corporate securities 7,500 628 — 8,128 Total securities held-to-maturity 7,500 628 — 8,128 Total securities $ 279,551 $ 4,061 $ (4,125) $ 279,487 The following table presents the activity in the allowance for credit losses on securities held-to-maturity by major security type for the three months ended March 31, 2022: Corporate For the Three Months Ended March 31, 2022 Securities Beginning allowance balance $ — Impact of adopting ASU 2016-13 72 Provision for credit losses — Securities charged-off — Recoveries — Total ending allowance balance $ 72 Management measures expected credit losses on held-to-maturity debt securities on an individual basis. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable on held-to-maturity debt securities totaled $103,000 and $113,000 as of March 31, 2022 and December 31, 2021, respectively and was $1.8 million and $1.1 million on available-for-sale debt securities as of March 31, 2022 and December 31, 2021, respectively. Accrued interest receivable on securities is reported in accrued interest receivable on the Consolidated Balance Sheets and is excluded from the calculation of the allowance for credit losses. The Bank monitors the credit quality of debt securities held-to-maturity quarterly through the use of credit rating, material event notices, and changes in market value. The following table summarizes the amortized cost of debt securities held-to-maturity at March 31, 2022, aggregated by credit quality indicator: Corporate March 31, 2022 Securities BBB/BBB- $ 7,500 As of March 31, 2022, there were no debt securities held-to-maturity that were classified as either nonaccrual or 90 days or more past due and still accruing. At March 31, 2022, the Bank pledged seven securities held at the FHLB of Des Moines with a carrying value of $7.5 million to secure Washington State public deposits of $14.7 million with a $5.8 million collateral requirement by the Washington Public Deposit Protection Commission. At March 31, 2022, the Bank had pledged two securities with a total carrying value of $2.8 million to secure interest rate swaps designated as cash flow hedges. See “Note 5- Derivatives”, for detail on the Bank’s interest rate swaps. Investment securities that were in an unrealized loss position at March 31, 2022 and December 31, 2021 are presented in the following tables, based on the length of time individual securities have been in an unrealized loss position. March 31, 2022 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized SECURITIES AVAILABLE-FOR-SALE Value Losses Value Losses Value Losses U.S. agency securities $ 12,749 $ (1,485) $ 3,196 $ (771) $ 15,945 $ (2,256) Corporate securities — — 4,226 (774) 4,226 (774) Municipal bonds 84,565 (8,963) 31,746 (4,128) 116,311 (13,091) Mortgage-backed securities 75,898 (5,600) 4,291 (124) 80,189 (5,724) U.S. Small Business Administration securities 8,458 (267) — — 8,458 (267) Total securities available-for-sale $ 181,670 $ (16,315) $ 43,459 $ (5,797) $ 225,129 $ (22,112) SECURITIES HELD-TO-MATURITY Corporate securities 972 (28) — — 972 (28) Total securities held-to-maturity 972 (28) — — 972 (28) Total $ 182,642 $ (16,343) $ 43,459 $ (5,797) $ 226,101 $ (22,140) December 31, 2021 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized SECURITIES AVAILABLE-FOR-SALE Value Losses Value Losses Value Losses U.S. agency securities $ 13,125 $ (105) $ 3,752 $ (213) $ 16,877 $ (318) Corporate securities — — 5,476 (524) 5,476 (524) Municipal bonds 72,098 (1,961) 14,116 (560) 86,214 (2,521) Mortgage-backed securities 33,291 (620) 3,825 (76) 37,116 (696) U.S. Small Business Administration securities 2,988 (66) — — 2,988 (66) Total securities available-for-sale $ 121,502 $ (2,752) $ 27,169 $ (1,373) $ 148,671 $ (4,125) There was one held-to-maturity debt security with unrealized losses less than one year and none with unrealized losses of more than one year at March 31, 2022. There were no held-to-maturity debt securities in an unrealized loss position as of December 31, 2021. There were 145 available-for-sale securities with unrealized losses of less than one year, and 29 available-for-sale securities with an unrealized loss of more than one year at March 31, 2022. There were 75 available-for-sale securities with unrealized losses of less than one year, and 17 available-for-sale securities with an unrealized loss of more than one year at December 31, 2021. The unrealized losses associated with these securities are believed to be caused by changing market conditions 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. Management monitors the published credit ratings of the issuers of the debt securities for material ratings or outlook changes. Subsequently, all of the Company’s obligations of states and political subdivisions is local municipal debt from within the Company’s geographic footprint and is monitored through quarterly or annual financial review. All of the available-for-sale mortgage-backed securities and U.S. Small Business Administration securities in an unrealized loss position are issued or guaranteed by government-sponsored enterprises, and the available-for-sale corporate securities are all investment grade and monitored for rating or outlook changes. Based on the Company’s evaluation of these securities, no credit impairment was recorded for the three months ended March 31, 2022, or for the year ended December 31, 2021. The contractual maturities of securities available-for-sale and held-to-maturity at March 31, 2022 and December 31, 2021 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. March 31, 2022 December 31, 2021 SECURITIES AVAILABLE-FOR-SALE Amortized Fair Amortized Fair U.S. agency securities Cost Value Cost Value Due after one year through five years $ 954 $ 959 $ 959 $ 1,004 Due after five years through ten years 6,923 6,351 6,920 6,850 Due after ten years 13,277 11,682 13,276 13,116 Subtotal 21,154 18,992 21,155 20,970 Corporate securities Due after one year through five years 3,496 3,508 3,495 3,526 Due after five years through ten years 4,000 3,578 4,000 3,627 Due after ten years 2,000 1,648 2,000 1,849 Subtotal 9,496 8,734 9,495 9,002 Municipal bonds Due after one year through five years 3,717 3,746 3,724 3,850 Due after five years through ten years 8,037 7,932 6,857 7,035 Due after ten years 132,818 120,058 125,796 124,548 Subtotal 144,572 131,736 136,377 135,433 Mortgage-backed securities Federal National Mortgage Association (“FNMA”) 77,518 72,265 75,171 75,737 Federal Home Loan Mortgage Corporation (“FHLMC”) 9,514 9,237 9,606 9,768 Government National Mortgage Association (“GNMA”) 5,314 5,145 3,864 3,897 Subtotal 92,346 86,647 88,641 89,402 U.S. Small Business Administration securities Due after one year through five years 3,453 3,374 2,485 2,507 Due after five years through ten years 4,951 4,955 4,420 4,515 Due after ten years 8,999 8,868 9,478 9,530 Subtotal 17,403 17,197 16,383 16,552 Total securities available-for-sale 284,971 263,306 272,051 271,359 SECURITIES HELD-TO-MATURITY Corporate securities Due after five years through ten years 7,500 7,663 7,500 8,128 Total securities held-to-maturity 7,500 7,663 7,500 8,128 Total securities $ 292,471 $ 270,969 $ 279,551 $ 279,487 There were no sales proceeds, gains or losses from the sale of securities available-for-sale for both the three months ended March 31, 2022 and 2021.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS	3 Months Ended
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS	Mar. 31, 2022
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS	NOTE 3 - LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS The composition of the loan portfolio was as follows at the dates indicated: March 31, December 31, REAL ESTATE LOANS 2022 2021 Commercial $ 269,517 $ 264,429 Construction and development 258,680 240,553 Home equity 44,394 41,017 One-to-four-family (excludes loans held for sale) 361,079 366,146 Multi-family 196,924 178,158 Total real estate loans 1,130,594 1,090,303 CONSUMER LOANS Indirect home improvement 359,443 336,285 Marine 82,560 82,778 Other consumer 2,994 2,980 Total consumer loans 444,997 422,043 COMMERCIAL BUSINESS LOANS Commercial and industrial (includes Paycheck Protection Program ("PPP") loans) 207,480 208,552 Warehouse lending 37,957 33,277 Total commercial business loans 245,437 241,829 Total loans receivable, gross 1,821,028 1,754,175 Allowance for credit losses on loans (1) (23,365) (25,635) Total loans receivable, net $ 1,797,663 $ 1,728,540 _________________________ (1) Allowance for credit losses on loans in 2022 reported using the CECL method and in 2021 reported using the incurred loss method. Loan amounts are net of unearned loan fees in excess of unamortized costs and premiums of $5.2 million as of March 31, 2022 and $4.9 million as of December 31, 2021. Net loans include net discounts on acquired loans of $614,000 and $751,000 as of March 31, 2022 and December 31, 2021, respectively. Net loans does not include accrued interest receivable. Accrued interest receivable on loans was $6.5 million as of March 31, 2022 and $6.3 million as of December 31, 2021 and was reported in accrued interest receivable on the Consolidated Balance Sheets. Most of the Company’s commercial and multi-family real estate, construction, residential, and/or commercial business lending activities are with customers located in Western Washington near our newest loan production office in Vancouver, Washington, or near our loan production office located in the Tri-Cities, Washington. The Company originates real estate, consumer, and commercial business loans and has concentrations in these areas, however, indirect home improvement loans, including solar-related home improvement loans, are originated through a network of home improvement contractors and dealers located throughout Washington, Oregon, California, Idaho, Colorado, Arizona, Minnesota, and Nevada. Loans are generally secured by collateral and 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. At March 31, 2022, the Bank held approximately $750.6 million in loans that are pledged as collateral for FHLB advances, compared to approximately $761.6 million at December 31, 2021. The Bank held approximately $451.8 million in loans that are pledged as collateral for the Federal Reserve Bank of San Francisco (“FRB”) line of credit at March 31, 2022, compared to approximately $428.7 million at December 31, 2021. 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 Construction and Development Lending Home Equity Lending One-to-Four-Family Real Estate Lending Multi-Family Lending Consumer Loans Indirect Home Improvement Marine Other Consumer. Commercial Business Loans Commercial and Industrial Lending (“C&I”) Warehouse Lending The following tables detail activity in the allowance for credit losses on loans by loan categories at or for the three months ended March 31, 2022 and in the allowance for loan losses under the incurred loss methodology for the three months ended March 31, 2021: At or For the Three Months Ended March 31, 2022 Real Commercial Allowance for credit losses on loans Estate Consumer Business Unallocated Total Beginning balance, prior to adoption of ASC 326 $ 14,798 $ 4,280 $ 6,536 $ 21 $ 25,635 Impact of adopting ASC 326 (5,234) 6,078 (3,682) (21) (2,859) Provision for credit losses on loans 996 (303) 159 — 852 Loans charged-off — (523) — — (523) Recoveries — 260 — — 260 Total ending allowance balance $ 10,560 $ 9,792 $ 3,013 $ — $ 23,365 At or For the Three Months Ended March 31, 2021 Real Commercial Allowance for loan losses Estate Consumer Business Unallocated Total Beginning balance $ 13,846 $ 6,696 $ 4,939 $ 691 $ 26,172 Provision for loan losses (231) 378 768 585 1,500 Loans charged-off — (503) (38) — (541) Recoveries — 244 — — 244 Total ending allowance balance $ 13,615 $ 6,815 $ 5,669 $ 1,276 $ 27,375 Period end amount allocated to: Loans individually evaluated for impairment $ 15 $ 241 $ 1,169 $ — $ 1,425 Loans collectively evaluated for impairment 13,600 6,574 4,500 1,276 25,950 Ending balance $ 13,615 $ 6,815 $ 5,669 $ 1,276 $ 27,375 LOANS RECEIVABLE Loans individually evaluated for impairment $ 2,896 $ 689 $ 5,691 $ — $ 9,276 Loans collectively evaluated for impairment 926,973 380,817 303,369 — 1,611,159 Ending balance $ 929,869 $ 381,506 $ 309,060 $ — $ 1,620,435 Nonaccrual and Past Due Loans At March 31, 2022 and December 31, 2021, the Company had no TDRs. There were no TDRs which incurred a payment default within twelve months of the restructure date during the three months ended March 31, 2022 and 2021. The following tables provide information pertaining to the aging analysis of contractually past due loans and nonaccrual loans at March 31, 2022 and December 31, 2021: March 31, 2022 30-59 60-89 Days Days 90 Days Total Total Past Past or More Past Loans Non- REAL ESTATE LOANS Due Due Past Due Due Current Receivable Accrual Commercial $ — $ — $ — $ — $ 269,517 $ 269,517 $ — Construction and development — — — — 258,680 258,680 — Home equity — 40 155 195 44,199 44,394 257 One-to-four-family 815 199 538 1,552 359,527 361,079 751 Multi-family — — — — 196,924 196,924 — Total real estate loans 815 239 693 1,747 1,128,847 1,130,594 1,008 CONSUMER LOANS Indirect home improvement 830 228 213 1,271 358,172 359,443 524 Marine 28 — — 28 82,532 82,560 57 Other consumer 10 2 — 12 2,982 2,994 — Total consumer loans 868 230 213 1,311 443,686 444,997 581 COMMERCIAL BUSINESS LOANS Commercial and industrial — — 1,087 1,087 206,393 207,480 5,208 Warehouse lending — — — — 37,957 37,957 — Total commercial business loans — — 1,087 1,087 244,350 245,437 5,208 Total loans $ 1,683 $ 469 $ 1,993 $ 4,145 $ 1,816,883 $ 1,821,028 $ 6,797 December 31, 2021 30-59 60-89 Days Days 90 Days Total Total Past Past or More Past Loans Non- REAL ESTATE LOANS Due Due Past Due Due Current Receivable Accrual Commercial $ — $ — $ — $ — $ 264,429 $ 264,429 $ — Construction and development — — — — 240,553 240,553 — Home equity — — 179 179 40,838 41,017 301 One-to-four-family 593 264 480 1,337 364,809 366,146 480 Multi-family — — — — 178,158 178,158 — Total real estate loans 593 264 659 1,516 1,088,787 1,090,303 781 CONSUMER LOANS Indirect home improvement 1,047 280 295 1,622 334,663 336,285 554 Marine 119 — — 119 82,659 82,778 57 Other consumer 11 2 18 31 2,949 2,980 18 Total consumer loans 1,177 282 313 1,772 420,271 422,043 629 COMMERCIAL BUSINESS LOANS Commercial and industrial 791 — — 791 207,761 208,552 4,419 Warehouse lending — — — — 33,277 33,277 — Total commercial business loans 791 — — 791 241,038 241,829 4,419 Total loans $ 2,561 $ 546 $ 972 $ 4,079 $ 1,750,096 $ 1,754,175 $ 5,829 There were no loans 90 days or more past due and still accruing interest at both March 31, 2022 and December 31, 2021. Impaired Loans and the Allowance for Loan Losses - The following table provides additional information on impaired loans with and without allowance reserves at December 31, 2021. Recorded investment includes the unpaid principal balance or the carrying amount of loans less charge-offs and net deferred loan fees (in thousands): December 31, 2021 Unpaid WITH NO RELATED ALLOWANCE RECORDED Principal Recorded Related Real estate loans: Balance Investment Allowance Home equity $ 259 $ 227 $ — One-to-four-family 497 480 — 756 707 — WITH RELATED ALLOWANCE RECORDED Real estate loans: Home equity 92 74 23 Consumer loans: Indirect 551 554 193 Marine 56 57 20 Other consumer 18 18 6 Commercial business loans: Commercial and industrial 4,417 4,419 921 5,134 5,122 1,163 Total $ 5,890 $ 5,829 $ 1,163 The following tables present the average recorded investment in loans individually evaluated for impairment and the interest income recognized and received for the three months ended March 31, 2021: March 31, 2021 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Interest Income Real estate loans: Investment Recognized Commercial $ — $ — Construction and development 1,850 — Home equity 652 2 One-to-four-family 543 2 3,045 4 WITH AN ALLOWANCE RECORDED Real estate loans: One-to-four-family 60 — Consumer loans: Indirect 786 14 Marine 36 1 Other consumer 3 — Commercial business loans: Commercial and industrial 5,678 — 6,563 15 Total $ 9,608 $ 19 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 Federal Financial Institutions Examination Council’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 graded “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. Management may more conservatively risk rate credits even if paying in accordance with the loan’s repayment terms. Commercial real estate, construction and development, multi-family and commercial business loans are evaluated individually for their risk classification and may be classified as “Substandard” even if current on their loan payment obligations. The following tables summarize risk rated loan balances by category as of March 31, 2022. Revolving loans that are converted to term loans are treated as new originations and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension. March 31, 2022 REAL ESTATE LOANS Term Loans by Year of Origination Commercial 2022 2021 2020 2019 2018 Prior Revolving Loans Total Loans Pass $ 10,492 $ 78,064 $ 51,243 $ 42,521 $ 15,070 $ 65,267 $ — $ 262,657 Watch — — 222 411 594 133 — 1,360 Special Mention — — — 306 — 5,194 — 5,500 Substandard — — — — — — — — Total commercial 10,492 78,064 51,465 43,238 15,664 70,594 — 269,517 Construction and development Pass 32,629 145,121 61,757 18,441 — 732 — 258,680 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total construction and development 32,629 145,121 61,757 18,441 — 732 — 258,680 Home equity Pass 2,584 2,099 7,193 — 1,371 2,104 28,783 44,134 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — 3 114 143 — 260 Total home equity 2,584 2,099 7,193 3 1,485 2,247 28,783 44,394 One-to-four-family Pass 17,592 150,822 90,638 34,097 19,738 45,470 — 358,357 Watch — — — — — — — — Special Mention — — — — 1,971 — — 1,971 Substandard — — — — 145 606 — 751 Total one-to-four-family 17,592 150,822 90,638 34,097 21,854 46,076 — 361,079 Multi-family Pass 19,270 63,574 34,147 48,555 4,648 26,730 — 196,924 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total multi-family 19,270 63,574 34,147 48,555 4,648 26,730 — 196,924 Total real estate loans 82,567 439,680 245,200 144,334 43,651 146,379 — 1,130,594 March 31, 2022 CONSUMER LOANS Term Loans by Year of Origination Indirect home improvement 2022 2021 2020 2019 2018 Prior Revolving Loans Total Loans Pass $ 53,224 $ 152,815 $ 60,831 $ 39,858 $ 23,132 $ 29,045 $ 12 $ 358,917 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — 142 95 90 74 125 — 526 Total indirect home improvement 53,224 152,957 60,926 39,948 23,206 29,170 12 359,443 Marine Pass 5,610 17,335 25,380 9,931 12,889 11,358 — 82,503 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — 57 — 57 Total marine 5,610 17,335 25,380 9,931 12,889 11,415 — 82,560 Other consumer Pass 336 315 163 30 55 192 1,903 2,994 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total other consumer 336 315 163 30 55 192 1,903 2,994 Total consumer loans 59,170 170,607 86,469 49,909 36,150 40,777 1,915 444,997 COMMERCIAL BUSINESS LOANS Commercial and industrial Pass $ 7,058 $ 42,776 $ 22,103 $ 3,036 $ 4,421 $ 11,399 $ 101,676 $ 192,469 Watch — — — 38 — 239 940 1,217 Special Mention 345 — 1,357 — 28 81 486 2,297 Substandard — 1,101 — 4,238 249 4,987 922 11,497 Total commercial and industrial 7,403 43,877 23,460 7,312 4,698 16,706 104,024 207,480 Warehouse lending Pass — — — — — — 37,957 37,957 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total warehouse lending — — — — — — 37,957 37,957 Total commercial business loans 7,403 43,877 23,460 7,312 4,698 16,706 141,981 245,437 TOTAL LOANS RECEIVABLE, GROSS Pass $ 148,795 $ 652,921 $ 353,455 $ 196,469 $ 81,324 $ 192,297 $ 170,331 $ 1,795,592 Watch — — 222 449 594 372 940 2,577 Special Mention 345 — 1,357 306 1,999 5,275 486 9,768 Substandard — 1,243 95 4,331 582 5,918 922 13,091 Total loans receivable, gross $ 149,140 $ 654,164 $ 355,129 $ 201,555 $ 84,499 $ 203,862 $ 172,679 $ 1,821,028 December 31, 2021 Special Pass Watch Mention Substandard Doubtful Loss REAL ESTATE LOANS (1 - 5) (6) (7) (8) (9) (10) Total Commercial $ 253,092 $ 4,652 $ 5,769 $ 916 $ — $ — $ 264,429 Construction and development 240,553 — — — — — 240,553 Home equity 40,716 — — 301 — — 41,017 One-to-four-family 363,682 — — 2,464 — — 366,146 Multi-family 178,158 — — — — — 178,158 Total real estate loans 1,076,201 4,652 5,769 3,681 — — 1,090,303 CONSUMER LOANS Indirect home improvement 335,731 — — 554 — — 336,285 Marine 82,721 — — 57 — — 82,778 Other consumer 2,962 — — 18 — — 2,980 Total consumer loans 421,414 — — 629 — — 422,043 COMMERCIAL BUSINESS LOANS Commercial and industrial 188,767 4,182 1,829 13,774 — — 208,552 Warehouse lending 33,277 — — — — — 33,277 Total commercial business loans 222,044 4,182 1,829 13,774 — — 241,829 Total loans receivable, gross $ 1,719,659 $ 8,834 $ 7,598 $ 18,084 $ — $ — $ 1,754,175 The following table presents the amortized cost basis of loans on nonaccrual status and loans 90 days or more past due and still accruing as of March 31, 2022: March 31, 2022 Nonaccrual with No Nonaccrual with 90 Days or More Allowance for Credit Allowance for Credit Total Past Due and REAL ESTATE LOANS Losses Losses Nonaccrual Still Accruing Home equity $ 257 $ — $ 257 $ — One-to-four-family 751 — 751 — 1,008 — 1,008 — CONSUMER LOANS Indirect home improvement — 524 524 — Marine — 57 57 — — 581 581 — COMMERCIAL BUSINESS LOANS Commercial and industrial 1,087 4,121 5,208 — Total $ 2,095 $ 4,702 $ 6,797 $ — The Company recognized interest income on nonaccrual loans of $98,000 and $19,000 during the three months ended March 31, 2022 and 2021, respectively. The following table presents the amortized cost basis of collateral dependent loans by class of loans as of March 31, 2022: March 31, 2022 REAL ESTATE LOANS Real Estate Equipment Total Home equity $ 257 $ — $ 257 One-to-four-family 751 — 751 1,008 — 1,008 CONSUMER LOANS Indirect home improvement — 524 524 Marine — 57 57 — 581 581 COMMERCIAL BUSINESS LOANS Commercial and industrial 1,087 4,121 5,208 Total $ 2,095 $ 4,702 $ 6,797

SERVICING RIGHTS

SERVICING RIGHTS	3 Months Ended
SERVICING RIGHTS	Mar. 31, 2022
SERVICING RIGHTS
SERVICING RIGHTS	NOTE 4 - SERVICING RIGHTS Loans serviced for others are not included on the Consolidated Balance Sheets. The unpaid principal balances of permanent loans serviced for others were $2.75 billion and $2.61 billion at March 31, 2022 and December 31, 2021, respectively. The following table summarizes servicing rights activity at or for the dates indicated: At or For the Three Months Ended March 31, 2022 2021 Beginning balance, at the lower of cost or fair value $ 16,970 $ 12,595 Additions 2,550 3,144 Servicing rights amortized (1,480) (2,054) Recovery of servicing rights 1 2,050 Ending balance, at the lower of cost or fair value $ 18,041 $ 15,735 The fair value of the servicing rights’ assets was $32.1 million and $26.1 million at March 31, 2022 and December 31, 2021, respectively. Fair value adjustments to servicing rights are 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 mortgage servicing rights (“MSR”) at the dates indicated: At March 31, At December 31, Key assumptions: 2022 2021 Weighted average discount rate 9.1 % 9.1 % Conditional prepayment rate (“CPR”) 9.5 % 13.8 % Weighted average life in years 7.4 5.9 Key economic assumptions of the current fair value for single family MSR are presented in the table below. Also presented is the sensitivity to market rate changes for the par rate coupon for a conventional one-to-four-family FNMA, FHLMC, GNMA, or FHLB serviced home loan. The table below references a 50 basis point and 100 basis point adverse rate change and the impact on prepayment speeds and discount rates at March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Aggregate portfolio principal balance $ 2,753,477 $ 2,609,776 Weighted average rate of note 3.2 % 3.2 % At March 31, 2022 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 9.5 % 10.5 % 12.7 % Fair value MSR $ 32,140 $ 30,931 $ 28,475 Percentage of MSR 1.2 % 1.1 % 1.0 % Discount rate 9.1 % 9.6 % 10.1 % Fair value MSR $ 32,140 $ 31,464 $ 30,813 Percentage of MSR 1.2 % 1.1 % 1.1 % At December 31, 2021 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 13.8 % 20.0 % 31.5 % Fair value MSR $ 26,070 $ 21,188 $ 15,348 Percentage of MSR 1.0 % 0.8 % 0.6 % Discount rate 9.1 % 9.6 % 10.1 % Fair value MSR $ 26,070 $ 25,586 $ 25,119 Percentage of MSR 1.0 % 1.0 % 1.0 % 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 which 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 time. The Company recorded $1.7 million and $1.4 million of gross contractually specified servicing fees, late fees, and other ancillary fees resulting from servicing of loans for the three months ended March 31, 2022 and 2021, respectively. The income, net of MSR amortization, is reported in noninterest income on the Consolidated Statements of Income.

DERIVATIVES

DERIVATIVES	3 Months Ended
DERIVATIVES	Mar. 31, 2022
DERIVATIVES
DERIVATIVES	NOTE 5 - DERIVATIVES The Bank regularly enters into commitments to originate and sell loans held for sale. The Bank has established a hedging strategy to protect itself against the risk of loss associated with interest rate movements on loan commitments. The Bank 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 for reporting purposes under U.S. GAAP. 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 or noninterest expense. The Bank recognizes all derivative instruments as either other assets or other liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. Derivative instruments not related to mortgage banking activities primarily relate to interest rate swap agreements. The Bank's objectives in using certain interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Bank uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Bank making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The Bank has entered into interest rate swaps to reduce the exposure to variability in interest-related cash outflows attributable to changes in forecasted LIBOR-based borrowings and brokered deposits. These derivative instruments are designated as cash flow hedges. The hedged item is the LIBOR portion of the series of future adjustable-rate borrowings and deposits over the term of the interest rate swap. Accordingly, changes to the amount of interest payment cash flows for the hedged transactions attributable to a change in credit risk are excluded from management’s assessment of hedge effectiveness. The Bank tests for hedging effectiveness on a quarterly basis. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Bank has not recorded any hedge ineffectiveness since inception. The Bank has master netting agreements with derivative dealers with which it does business, but reflects gross assets and liabilities as other assets and other liabilities, respectively, on the Consolidated Balance Sheets. The Bank reclassified net realized losses of $101,000 and $114,000 from accumulated other comprehensive income (loss) to interest expense related to these cash flow hedges for the three months ended March 31, 2022 and March 31, 2021, respectively. The Bank expects that approximately $943,000 will be reclassified from accumulated other comprehensive income as a decrease to interest expense over the next twelve months related to these cash flow hedges. The following tables summarize the Bank’s derivative instruments at the dates indicated: March 31, 2022 Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps $ 90,000 $ 3,941 $ — Non-hedging derivatives: Fallout adjusted interest rate lock commitments with customers 82,592 250 — Mandatory and best effort forward commitments with investors 33,255 885 — Forward TBA mortgage-backed securities 81,000 1,706 — December 31, 2021 Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps $ 90,000 $ 1,168 $ 155 Non-hedging derivatives: Fallout adjusted interest rate lock commitments with customers 71,890 757 — Mandatory and best effort forward commitments with investors 74,375 808 — Forward TBA mortgage-backed securities 111,000 53 — At March 31, 2022 and December 31, 2021, the Bank had $81.0 million and $111.0 million of TBA trades, respectively, with counterparties that held margin collateral of $305,000 for both periods. At March 31, 2022, the Bank had pledged two securities with a carrying value of $2.8 million to secure interest rate swaps designated as cash flow hedges. Changes in the fair value of the non-hedging derivatives recognized in noninterest income on the Consolidated Statements of Income and included in gain on sale of loans resulted in net losses of $238,000 and $931,000 for the three months ended March 31, 2022 and 2021, respectively.

LEASES

LEASES	3 Months Ended
LEASES	Mar. 31, 2022
LEASES
LEASES	NOTE 6 - LEASES The Company has operating leases for retail bank branches, home lending branches, and certain equipment. The Company’s leases have remaining lease terms of eight months to eight years and three months, some of which include options to extend The components of lease cost (included in occupancy expense on the Consolidated Statements of Income) are as follows for the three months ended March 31, 2022 and 2021: Three Months Ended Three Months Ended Lease cost: March 31, 2022 March 31, 2021 Operating lease cost $ 343 $ 348 Short-term lease cost 1 1 Total lease cost $ 344 $ 349 The following table provides supplemental information related to operating leases at or for the three months ended March 31, 2022 and 2021: At or For the At or For the Cash paid for amounts included in the Three Months Ended Three Months Ended measurement of lease liabilities: March 31, 2022 March 31, 2021 Operating cash flows from operating leases $ 346 $ 349 Weighted average remaining lease term- operating leases 4.8 years 5.1 years Weighted average discount rate- operating leases 2.06 % 2.33 % The Company’s leases typically do not contain a discount rate implicit in the lease contract. As an alternative, the discount rate used in determining the lease liability for each individual lease was the FHLB of Des Moines’ fixed-advance rate. Maturities of operating lease liabilities at March 31, 2022 for future periods are as follows: 2022 $ 1,065 2023 1,226 2024 1,173 2025 861 2026 737 Thereafter 688 Total lease payments 5,750 Less imputed interest (344) Total $ 5,406

OTHER REAL ESTATE OWNED (OREO)

OTHER REAL ESTATE OWNED (OREO)	3 Months Ended
OTHER REAL ESTATE OWNED (OREO)	Mar. 31, 2022
OTHER REAL ESTATE OWNED ("OREO")
OTHER REAL ESTATE OWNED ("OREO")	NOTE 7 - OTHER REAL ESTATE OWNED (“OREO”) The following table presents the activity related to OREO at or for the three months ended March 31, 2022 and 2021: At or For the Three Months Ended March 31, 2022 2021 Beginning balance $ — $ 90 Additions — — Gross proceeds from sale of OREO — (81) Loss on sale of OREO — (9) Ending balance $ — $ — There were no OREO properties at March 31, 2022 and 2021 and there were no OREO holding costs for the three months ended March 31, 2022 and 2021. There was $755,000 in portfolio mortgage loans collateralized by residential real estate property in the process of foreclosure

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2022
OTHER REAL ESTATE OWNED ("OREO")
DEPOSITS	NOTE 8 - DEPOSITS Deposits are summarized as follows at March 31, 2022 and December 31, 2021: March 31, December 31, 2022 2021 Noninterest-bearing checking $ 449,075 $ 443,133 Interest-bearing checking (1) 329,938 349,251 Savings 198,184 193,922 Money market (2) 545,442 552,357 Certificates of deposit less than $100,000 (3) 210,984 186,974 Certificates of deposit of $100,000 through $250,000 107,429 116,206 Certificates of deposit of $250,000 and over 52,669 57,512 Escrow accounts related to mortgages serviced 26,067 16,389 Total $ 1,919,788 $ 1,915,744 ________________________ (1) Includes $60.0 million and $90.0 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively. (2) Includes $241,000 and $5.0 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively. (3) Includes $127.6 million and $97.6 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively. Scheduled maturities of time deposits at March 31, 2022 for future periods ending are as follows: At March 31, 2022 Maturing in 2022 $ 199,402 Maturing in 2023 65,635 Maturing in 2024 34,382 Maturing in 2025 56,961 Maturing in 2026 14,103 Thereafter 599 Total $ 371,082 Interest expense by deposit category for the three months ended March 31, 2022 and 2021 is as follows: Three Months Ended March 31, 2022 2021 Interest-bearing checking $ 161 $ 50 Savings and money market 383 468 Certificates of deposit 741 1,464 Total $ 1,285 $ 1,982

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2022
Commitments and Contingencies.
Commitments and Contingencies	NOTE 9 - COMMITMENTS AND CONTINGENCIES 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. The following table provides a summary of the Company’s commitments at March 31, 2022 and December 31, 2021: COMMITMENTS TO EXTEND CREDIT March 31, December 31, REAL ESTATE LOANS 2022 2021 Commercial $ 559 $ 787 Construction and development 217,274 182,297 One-to-four-family (includes locks for saleable loans) 111,160 78,264 Home equity 71,964 67,596 Multi-family 3,465 3,434 Total real estate loans 404,422 332,378 CONSUMER LOANS 38,692 35,873 COMMERCIAL BUSINESS LOANS Commercial and industrial 119,528 126,220 Warehouse lending 53,516 64,160 Total commercial business loans 173,044 190,380 Total commitments to extend credit $ 616,158 $ 558,631 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’s allowance for credit losses - unfunded loan commitments at March 31, 2022 and reserves for estimated losses from unfunded commitments at December 31, 2021 was $3.1 million and $499,000, respectively. The increase in the allowance for credit losses – unfunded loan commitments reflects the adoption of CECL, as well as the increased provision for credit losses – unfunded loan commitments recorded during the current quarter. One- to-four-family commitments included in the table above are accounted for as fair value derivatives and do not carry an associated holdback. The Company’s derivative positions are presented with discussion in “Note 5 - Derivatives.” The Company also sells one-to-four-family loans to the FHLB of Des Moines that require a limited level of recourse if the loans default and exceed a certain loss exposure. Specific to that recourse, the FHLB of Des Moines established a first loss account (“FLA”) related to the loans and required a credit enhancement (“CE”) obligation by the Bank to be utilized after the FLA is used. Based on loans sold through March 31, 2022, the total loans sold to the FHLB were $11.7 million with the FLA totaling $938,000 and the CE obligation at $811,000 or 6.9% of the loans outstanding. Management has established a holdback of 10% of the outstanding CE, or $81,000, which is a part of the off-balance sheet holdback for loans sold. At both March 31, 2022 and December 31, 2021, there were no loans sold to the FHLB of Des Moines that were greater than 30 days past their contractual payment due date. Contingent liabilities for loans held for sale - The Company has entered into a severance agreement with its Chief Executive Officer (“CEO”). The severance agreement, subject to certain requirements, generally includes a lump sum payment to the CEO 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, Chief Credit Officer, Chief Risk Officer, Chief Human Resources Officer, Senior Vice President Compliance Officer, Executive Vice President of Retail Banking and Marketing, and the Executive Vice President 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. As a result 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 March 31, 2022.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2022
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 10 - FAIR VALUE MEASUREMENTS The Company determines fair value based on the requirements established in Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements, Financial Instruments - Overall (Subtopic 825-10), Recognition and Measurement of Financial Assets and Financial Liabilities, The following definitions describe the levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 The following methods were used to estimate the fair value of certain assets and liabilities on a recurring and nonrecurring basis: Securities - Mortgage Loans Held for Sale - Loans receivable - Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type, including commercial, real estate and consumer loans. Each loan category is further segregated by fixed and adjustable rate loans. The fair value of loans is calculated by discounting expected cash flows at rates at which similar loans are currently being made. These amounts are discounted further by embedded probable losses expected to be realized in the portfolio. For loans originated as held for sale and transferred into loans held for investment, the fair value is determined based on quoted secondary market prices for similar loans. As of March 31, 2022 and December 31, 2021, there were $14.9 million and $16.1 million, respectively, in residential mortgage loans recorded at fair value as they were previously transferred from held for sale to loans held for investment (Level 2). Derivative Instruments - Loans individually evaluated - Expected credit losses for loans evaluated individually are measured based on the present value of expected future cash flows discounted at the loan’s original effective interest rate or when the Bank determines that foreclosure is probable, the expected credit loss is measured based on the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. As a practical expedient, the Bank measures the expected credit loss for a loan using the fair value of the collateral, if repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Bank’s assessment as of the reporting date. In both cases, if the fair value of the collateral is less than the amortized cost basis of the loan, the Bank will recognize an allowance as the difference between the fair value of the collateral, less costs to sell (if applicable), at the reporting date and the amortized cost basis of the loan. If the fair value of the collateral exceeds the amortized cost basis of the loan, any expected recovery added to the amortized cost basis will be limited to the amount previously charged-off by the subsequent changes in the expected credit losses for loans evaluated individually are included within the provision for credit losses in the same manner in which the expected credit loss initially was recognized or as a reduction in the provision that would otherwise be reported (Level 3). Servicing Rights - The following tables present securities available-for-sale, mortgage loans held for sale, and derivative assets and liabilities measured at fair value on a recurring basis at the dates indicated: Financial Assets At March 31, 2022 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 18,992 $ — $ 18,992 Corporate securities — 7,734 1,000 8,734 Municipal bonds — 131,615 121 131,736 Mortgage-backed securities — 86,647 — 86,647 U.S. Small Business Administration securities — 17,197 — 17,197 Mortgage loans held for sale, at fair value — 42,068 — 42,068 Loans receivable, at fair value — 14,918 — 14,918 Derivatives: Mandatory and best effort forward commitments with investors — — 885 885 Forward TBA mortgage-backed securities — 1,706 — 1,706 Interest rate swaps — 3,941 — 3,941 Interest rate lock commitments with customers — — 250 250 Total assets measured at fair value $ — $ 324,818 $ 2,256 $ 327,074 Financial Liabilities Total liabilities measured at fair value $ — $ — $ — $ — Financial Assets At December 31, 2021 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 20,970 $ — $ 20,970 Corporate securities — 7,995 1,007 9,002 Municipal bonds — 135,302 131 135,433 Mortgage-backed securities — 89,402 — 89,402 U.S. Small Business Administration securities — 16,552 — 16,552 Mortgage loans held for sale, at fair value — 125,810 — 125,810 Loans receivable, at fair value — 16,083 — 16,083 Derivatives: Mandatory and best effort forward commitments with investors — — 808 808 Forward TBA mortgage-backed securities — 53 — 53 Interest rate swaps — 1,168 — 1,168 Interest rate lock commitments with customers — — 757 757 Total assets measured at fair value $ — $ 413,335 $ 2,703 $ 416,038 Financial Liabilities Derivatives: Interest rate swaps — (155) — (155) Total liabilities measured at fair value $ — $ (155) $ — $ (155) The following tables present loans individually evaluated and servicing rights measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting periods indicated. The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were evaluated. March 31, 2022 Level 1 Level 2 Level 3 Total Loans individually evaluated $ — $ — $ 6,797 $ 6,797 Servicing rights — — 32,140 32,140 December 31, 2021 Level 1 Level 2 Level 3 Total Loans individually evaluated $ — $ — $ 5,829 $ 5,829 Servicing rights — — 26,070 26,070 Quantitative Information about Level 3 Fair Value Measurements Level 3 Significant Weighted Average Fair Value Valuation Unobservable March 31, December 31, Instruments Techniques Inputs Range 2022 2021 RECURRING Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% 93.5 % 93.3 % Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% 93.5 % 93.3 % Corporate securities Discounted cash flows Discount rate 2.2% - 2.7% 2.7 % 2.2 % Municipal bonds Discounted cash flows Discount rate 6.0% - 6.2% 6.2 % 6.0 % NONRECURRING Loans individually evaluated Fair value of underlying collateral Discount applied to the obtained appraisal 10.0% 10.0 % 10.0 % Servicing rights Industry sources Pre-payment speeds 0% - 50% 9.5 % 13.8 % 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 provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three months ended March 31, 2022 and 2021: Purchases Net change in Net change in Three Months Ended Beginning and Sales and Ending fair value for fair value for March 31, 2022 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers $ 757 $ 2,095 $ (2,602) $ 250 $ 507 $ — Individual forward sale commitments with investors 808 2,143 (2,066) 885 77 — Securities available-for-sale, at fair value 1,138 — (17) 1,121 — (17) March 31, 2021 Interest rate lock commitments with customers $ 4,024 $ 7,691 $ (9,730) $ 1,985 $ (2,039) $ — Individual forward sale commitments with investors (67) 654 (81) 506 573 — Securities available-for-sale, at fair value 1,111 21 (3) 1,129 — 21 ______________________________ (1) Relating to items held at end of period included in income. (2) Relating to items held at end of period included in other comprehensive income (loss). 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 in noninterest income. Unrealized gains (losses) on securities available-for-sale, at fair value are recorded in accumulated other comprehensive income. The following table provides estimated fair values of the Company’s financial instruments at March 31, 2022 and December 31, 2021, whether or not recognized at fair value on the Consolidated Balance Sheets: March 31, December 31, 2022 2021 Financial Assets Carrying Fair Carrying Fair Level 1 inputs: Amount Value Amount Value Cash and cash equivalents $ 29,606 $ 29,606 $ 26,491 $ 26,491 Certificates of deposit at other financial institutions 8,177 8,177 10,542 10,542 Level 2 inputs: Securities available-for-sale, at fair value 262,185 262,185 270,221 270,221 Securities held-to-maturity 7,500 7,663 7,500 8,128 Loans held for sale, at fair value 42,068 42,068 125,810 125,810 FHLB stock, at cost 4,666 4,666 4,778 4,778 Forward TBA mortgage-backed securities 1,706 1,706 53 53 Loans receivable, at fair value 14,918 14,918 16,083 16,083 Interest rate swaps 3,941 3,941 1,168 1,168 Accrued interest receivable 8,436 8,436 7,594 7,594 Level 3 inputs: Securities available-for-sale, at fair value 1,121 1,121 1,138 1,138 Loans receivable, gross 1,806,110 1,801,329 1,738,092 1,725,651 Servicing rights, held at lower of cost or fair value 18,041 32,140 16,970 26,070 Fair value interest rate locks with customers 250 250 757 757 Mandatory and best effort forward commitments with investors 885 885 808 808 Financial Liabilities Level 2 inputs: Deposits 1,919,788 1,908,324 1,915,744 1,912,498 Borrowings 35,528 35,714 42,528 43,365 Subordinated notes, excluding unamortized debt issuance costs 50,000 49,000 50,000 51,688 Accrued interest payable 280 280 766 766 Interest rate swaps — — 155 155

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
EMPLOYEE BENEFITS	Mar. 31, 2022
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	NOTE 11 - EMPLOYEE BENEFITS Employee Stock Ownership Plan (“ESOP”) 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 are eligible to participate in the ESOP if they have been credited with at least 1,000 hours 1,000 The ESOP borrowed $2.6 million from FS Bancorp, Inc. and used those funds to acquire 518,420 shares of FS Bancorp, Inc. common stock in the open market at an average price of $5.09 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, 2021, the ESOP paid the tenth annual and final installment of principal in the amount of $288,000, plus accrued interest of $7,000 pursuant to the ESOP loan agreement. All ESOP shares have been allocated as of December 31, 2021. Compensation expense related to the ESOP for the three months ended March 31, 2022 and 2021 was $0 and $402,000, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 12 - EARNINGS PER SHARE The Company computes earnings per share using the two-class method, which is an earnings allocation method for computing earnings per share that treats a participating security as having rights to earnings that would otherwise have been available to common shareholders. 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. Unvested share-based awards containing non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. 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 at or for the three months ended March 31, 2022 and 2021: At or For the Three Months Ended March 31, Numerator (in thousands): 2022 2021 Net income $ 6,870 $ 11,883 Dividends and undistributed earnings allocated to participating securities (127) (170) Net income available to common shareholders $ 6,743 $ 11,713 Denominator (shown as actual): Basic weighted average common shares outstanding 8,145,138 8,430,752 Dilutive shares 149,828 247,416 Diluted weighted average common shares outstanding 8,294,966 8,678,168 Basic earnings per share $ 0.83 $ 1.39 Diluted earnings per share $ 0.81 $ 1.35 Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive 45,564 10,588 _______________________ Share data has been adjusted for all periods to reflect the two-for-one stock split effective July 14, 2021.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
STOCK-BASED COMPENSATION	Mar. 31, 2022
STOCK-BASED COMPENSATION
Stock-Based Compensation	NOTE 13 - STOCK-BASED COMPENSATION Stock Options and Restricted Stock On May 17, 2018, the shareholders of FS Bancorp, Inc. approved the 2018 Equity Incentive Plan (the “2018 Plan”) that authorized 1.3 million shares of the Company’s common stock to be awarded. The 2018 Plan provides for the grant of incentive stock options, non-qualified stock options, and up to 326,000 restricted stock awards (“RSAs”) to directors, emeritus directors, officers, employees or advisory directors of the Company. At March 31, 2022, there were 441,296 stock option awards and 144,460 RSAs available to be granted under the 2018 Plan. Share and per share data has been adjusted for all periods to reflect the two-for-one stock split effective July 14, 2021. Total share-based compensation expense was $451,000 and $295,000 for the three months ended March 31, 2022 and 2021, respectively. Stock Options The 2018 Plan consists of stock option awards that may be granted as incentive stock options or non-qualified stock options. Stock option awards generally vest at one year or three years for independent directors or over a five-year period for employees and officers with 20% vesting on the anniversary date of each grant date as long as the award recipient remains in service to the Company. The options are exercisable after vesting for up to the remaining term of the original grant. The maximum term of the options granted is 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 stock 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 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 5.5 years for one-year vesting, 6.0 years for three-year vesting, and 6.5 years for five-year vesting. The following table presents a summary of the Company’s stock option awards during the three months ended March 31, 2022 (shown as actual): Weighted-Average Weighted- Remaining Average Contractual Term In Aggregate Shares Exercise Price Years Intrinsic Value Outstanding at January 1, 2022 613,626 $ 25.24 7.17 $ 5,362,902 Granted — — — — Less exercised 12,680 $ 14.73 — $ 227,948 Forfeited or expired — — — — Outstanding at March 31, 2022 600,946 $ 25.47 6.97 $ 3,855,397 Expected to vest, assuming a 0.31% annual forfeiture rate (1) 599,182 $ 25.46 6.96 $ 3,848,062 Exercisable at March 31, 2022 249,142 $ 21.29 5.36 $ 2,418,267 Share and per share data has been adjusted to reflect the two-for-one stock split effective July 14, 2021. __________________________ (1) Forfeiture rate has been calculated and estimated to assume a forfeiture of 3.1% of the options forfeited over 10 years . At March 31, 2022, there was $1.9 million of total unrecognized compensation cost related to nonvested stock options granted under the 2018 plan. The cost is expected to be recognized over the remaining weighted-average vesting period of 3.3 years. Restricted Stock Awards The RSAs’ fair value is equal to the value of the market price of FS Bancorp’s common stock on the grant date and compensation expense is recognized over the vesting period of the awards based on the fair value of the restricted stock. Shares for the 2018 Plan generally vest at one The following table presents a summary of the Company’s nonvested awards during the three months ended March 31, 2022 (shown as actual): Weighted-Average Grant-Date Fair Value Nonvested Shares Shares Per Share Nonvested at January 1, 2022 121,672 $ 28.02 Granted — — Less vested — — Forfeited or expired — — Nonvested at March 31, 2022 121,672 $ 28.02 _______________________________ Share and per share data has been adjusted to reflect the two-for-one stock split effective July 14, 2021. At March 31, 2022, there was $2.7 million of total unrecognized compensation cost related to nonvested shares granted under the 2018 Plan as RSAs. The cost is expected to be recognized over the remaining weighted-average vesting period of 3.3 years.

REGULATORY CAPITAL

REGULATORY CAPITAL	3 Months Ended
REGULATORY CAPITAL	Mar. 31, 2022
REGULATORY CAPITAL
REGULATORY CAPITAL	NOTE 14 - REGULATORY CAPITAL The Bank is subject to various regulatory capital requirements administered by the Federal Reserve and the FDIC. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s 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. The federal banking agencies jointly issued a final rule that provides for an optional, simplified measure of capital adequacy, the community bank leverage ratio framework, for qualifying community banking organizations, consistent with Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. This final rule is applicable to all non-advanced approaches FDIC-supervised institutions with less than $10 billion in total consolidated assets. The community bank leverage ratio (“CBLR”) final rule was effective on January 1, 2020, and will allow qualifying community banking organizations to calculate a leverage ratio to measure capital adequacy. Banks opting into the CBLR framework are not required to calculate or report risk-based capital. A qualifying community banking organization is defined as having less than $10 billion in total consolidated assets, a leverage ratio greater than 9%, off-balance sheet exposures of 25% or less of total consolidated assets, and trading assets and liabilities of 5% or less of total consolidated assets. The final rule adopts Tier 1 capital and the existing leverage ratio into the community bank leverage ratio framework. A bank electing the framework is not subject to other capital and leverage requirements. Under the CBLR framework, a bank will generally be considered well-capitalized and to have met the risk-based and leverage capital requirements of the capital regulations if it has a leverage ratio greater than 9.0%. A bank electing the framework that ceases to meet any qualifying criteria in a future period and that has a leverage ratio greater than 8% will be allowed a grace period of two reporting periods to satisfy the CBLR qualifying criteria or comply with the generally applicable capital requirements. A bank may opt out of the framework at any time, without restriction, by reverting to the generally applicable risk-based capital rule. The FS Bancorp, Inc. is a bank holding company registered with the Federal Reserve. Bank holding companies are subject to capital adequacy requirements of the Federal Reserve under the Bank Holding Company Act of 1956, as amended, and the regulations of the Federal Reserve. Bank holding companies with less than $3.0 billion in assets are generally not subject to compliance with the Federal Reserve’s capital regulations, which are generally the same as the capital regulations applicable to the Bank. The Federal Reserve has a policy that a bank holding company is required to serve as a source of financial and managerial strength to the holding company’s subsidiary bank and expects the holding company’s subsidiary bank to be well capitalized under the prompt corrective action regulations. If FS Bancorp, Inc. was subject to regulatory guidelines for bank holding companies with $3.0 billion or more in assets at March 31, 2022, FS Bancorp, Inc. would have exceeded all regulatory capital requirements. For informational purposes, the Tier 1 leverage-based capital ratio calculated for FS Bancorp, Inc. at March 31, 2022 and December 31, 2021 was 10.8%.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
BUSINESS SEGMENTS	Mar. 31, 2022
BUSINESS SEGMENTS
BUSINESS SEGMENTS	NOTE 15 - BUSINESS SEGMENTS The Company’s business segments are determined based on the products and services provided, as well as the nature of the related business activities, and they reflect the manner in which financial information is currently evaluated by management. This process is dynamic and is based on management’s current view of the Company’s operations and is not necessarily comparable with similar information for other financial institutions. The Company defines its business segments by product type and customer segment which it has organized into two lines of business: commercial and consumer banking and home lending. The Company uses various management accounting methodologies to assign certain income statement items to the responsible operating segment, including: ● ● ● ● ● The FTP methodology is based on management’s estimated cost of originating funds including the cost of overhead for deposit generation. A description of the Company’s business segments and the products and services that they provide is as follows: Commercial and Consumer Banking Segment The commercial and consumer banking segment provides diversified financial products and services to our commercial and consumer customers through Bank branches, automated teller machines (“ATM”), online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products; residential, consumer, business and commercial real estate lending portfolios and cash management services. The Company originates consumer loans, commercial and multi-family real estate loans, construction loans for residential and multi-family construction, and commercial business loans. At March 31, 2022, the Company’s retail deposit branch network consisted of 21 branches in the Pacific Northwest. This segment is also responsible for the management of the investment portfolio and other assets of the Bank. Home Lending Segment The home lending segment Segment Financial Results The tables below summarize the financial results for each segment based on the factors mentioned above within each segment for the three months ended March 31, 2022 and 2021: At or For the Three Months Ended March 31, 2022 Condensed income statement: Home Lending Commercial and Consumer Banking Total Net interest income (1) $ 2,444 $ 20,278 $ 22,722 Benefit (provision) for credit losses (2) 154 (1,197) (1,043) Noninterest income 3,371 2,505 5,876 Noninterest expense (4,891) (14,176) (19,067) Income before provision for income taxes 1,078 7,410 8,488 Provision for income taxes (240) (1,378) (1,618) Net income $ 838 $ 6,032 $ 6,870 Total average assets for period ended $ 385,451 $ 1,884,820 $ 2,270,271 FTEs 153 383 536 At or For the Three Months Ended March 31, 2021 Condensed income statement: Home Lending Commercial and Consumer Banking Total Net interest income (1) $ 1,622 $ 18,478 $ 20,100 Benefit (provision) for loan losses (2) 58 (1,558) (1,500) Noninterest income 10,832 2,202 13,034 Noninterest expense (3,131) (13,218) (16,349) Income before provision for income taxes 9,381 5,904 15,285 Provision for income taxes (2,088) (1,314) (3,402) Net income $ 7,293 $ 4,590 $ 11,883 Total average assets for period ended $ 405,001 $ 1,725,597 $ 2,130,598 FTEs 154 355 509 _________________________ (1) Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets and, if the segment has excess liabilities, interest credits for providing funding to the other segment. The cost of liabilities includes interest expense on segment liabilities and, if the segment does not have enough liabilities to fund its assets, a funding charge based on the cost of assigned liabilities to fund segment assets. (2) Provision for credit losses and provision for loan losses include shifts in allocation between segments due to various changes, to include adjustments to qualitative factors, changes in loan balances, and charge-off and recovery activity.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Mar. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 16 - GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and certain other intangibles generally arise from business combinations accounted for under the acquisition method of accounting. Goodwill totaled $2.3 million at March 31, 2022 and December 31, 2021, and represents the excess of the total acquisition price paid over the fair value of the assets acquired, net of the fair values of liabilities assumed as a result of the purchase of four retail bank branches (“Branch Purchase”) from Bank of America on January 22, 2016. Goodwill is not amortized but is evaluated for impairment on an annual basis at December 31 of each year or whenever events or changes in circumstances indicate the carrying value may not be recoverable. The Company performed an impairment analysis at December 31, 2021, and determined that no impairment of goodwill existed. However, if adverse economic conditions or the decrease in the Company’s stock price and market capitalization as a result of the COVID-19 pandemic were to be deemed sustained rather than temporary, it may significantly affect the fair value of our goodwill. Accordingly, no assurances can be given that the Company will not record an impairment loss on goodwill in the future. Core deposit intangible (“CDI”) is evaluated for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable, with any changes in estimated useful life accounted for prospectively over the revised remaining life. As of March 31, 2022, management believes that there have been no events or changes in the circumstances that would indicate a potential impairment of CDI. The following table summarizes the changes in the Company’s other intangible assets comprised solely of CDI for the year ended December 31, 2021, and the three months ended March 31, 2022. Other Intangible Assets Accumulated Gross CDI Amortization Net CDI Balance, December 31, 2020 $ 7,490 $ (2,739) $ 4,751 Amortization — (691) (691) Balance, December 31, 2021 7,490 (3,430) 4,060 Amortization — (173) (173) Balance, March 31, 2022 $ 7,490 $ (3,603) $ 3,887 The CDI represents the fair value of the intangible core deposit base acquired in business combinations. The CDI will be amortized on a straight-line basis over 10 years for the CDI related to the Anchor Acquisition and on an accelerated basis over approximately nine years for the CDI related to the Branch Purchase. Total amortization expense was $173,000 for the three months ended March 31, 2022, and $177,000 for the same period in 2021. Amortization expense for CDI is expected to be as follows at March 31, 2022: Remainder of 2022 $ 518 2023 691 2024 621 2025 525 2026 525 Thereafter 1,007 Total $ 3,887

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 17 - REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. All the Company’s revenue from contracts with customers in-scope of ASC 606 is recognized in noninterest income and included in our commercial and consumer banking segment. The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2022 and 2021. (Dollars in thousands): At or For the Three Months Ended March 31, Noninterest income 2022 2021 In-scope of Topic 606: Debit card interchange fees $ 543 $ 515 Deposit service and account maintenance fees 216 173 Noninterest income (in-scope of Topic 606) 759 688 Noninterest income (out-of-scope of Topic 606) 5,117 12,346 Total noninterest income $ 5,876 $ 13,034 Deposit Fees The Bank earns fees from its deposit customers for account maintenance, transaction-based services, and overdraft charges. Account maintenance fees consist primarily of account fees and analyzed account fees charged on deposit accounts on a monthly basis. The performance obligation is satisfied and the fees are recognized on a monthly basis as the service period is completed. Transaction-based fees on deposit accounts are charged to deposit customers for specific services provided to the customer, such as wire fees, as well as charges against the account, such as fees for non-sufficient funds and overdrafts. The performance obligation is completed as the transaction occurs and the fees are recognized at the time each specific service is provided to the customer. Debit Interchange Income Debit and ATM interchange income represent fees earned when a debit card issued by the Bank is used. The Bank earns interchange fees from debit cardholder transactions through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The performance obligation is satisfied and the fees are earned when the cost of the transaction is charged to the cardholders’ debit card.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financial Statement Presentation	Financial Statement Presentation - The results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, 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 significant change relate to the determination of the allowance for credit losses, fair value of financial instruments, the valuation of servicing rights, deferred income taxes, and if needed, a deferred tax asset valuation allowance. Amounts presented in the consolidated financial statements and footnote tables are rounded and presented to the nearest thousands of dollars except per share amounts. If the amounts are above $1.0 million, they are rounded one decimal point, and if they are above $1.0 billion, they are rounded two decimal points.
Principles of Consolidation	Principles of Consolidation -
Segment Reporting	Segment Reporting -
Subsequent Events	Subsequent Events -
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform” (“Topic 848”) for contracts that are modified because of reference rate reform and that meet certain scope guidance: 1) Modifications of contracts within the scope of Topics 310, Receivables, and 470, Debt, should be accounted for by prospectively adjusting the effective interest rate; 2) Modifications of contracts within the scope of Topics 840, Leases, and 842, Leases, should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate (for example, the incremental borrowing rate) or remeasurements of lease payments that otherwise would be required under those Topics for modifications not accounted for as separate contracts; and 3) Modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging - Embedded Derivatives. In January 2021, ASU 2021-01 updated amendments in the new ASU to clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. Amendments in this ASU and the expedients and exceptions in Topic 848 capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply the amendments in this ASU on a full retrospective basis as of any date from the effective dates. The amendments in this ASU have differing effective dates, beginning with an interim period including and subsequent to March 12, 2020 through December 31, 2022. The Company does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments eliminate the accounting guidance for troubled debt restructurings (“TDRs”) for creditors, require new disclosures for creditors for certain loan refinancings and restructurings when a borrower is experiencing financial difficulty, and require public business entities to include current-period gross write-offs in the vintage disclosure tables. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Since the Company previously adopted the amendments in ASU 2016-13, which is commonly referred to as the current expected credit loss methodology, on January 1, 2022, the amendments can be adopted early. The Company is currently evaluating the impact of the adoption of ASU 2022-02.
Application of New Accounting Guidance in 2022	Application of New Accounting Guidance Adopted in 2022 On January 1, 2022, the Company adopted ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the incurred loss methodology that delays recognition until it is probable a loss has been incurred with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. Additionally, Accounting Standards Codification (“ASC”) 326 made changes to the accounting for available-for-sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that is more likely than not they will be required to sell. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2022 are presented under ASC 326. The adoption resulted in a decrease of $2.9 million to our allowance for credit losses on loans (“ACLL”), an increase of $2.4 million to our allowance for unfunded commitments and letters of credit, an increase of $72,000 to our allowance for held-to-maturity securities, and a net-of-tax cumulative-effect adjustment of $297,000 to increase the beginning balance of retained earnings. The Company finalized the adoption as of January 1, 2022 as detailed in the following table: January 1, 2022 As Reported January 1, 2022 Pre-Topic 326 Impact of Topic 326 Assets Under Topic 326 Adoption Adoption Allowance for credit losses on debt securities held-to-maturity $ 72 $ — $ 72 Loans Commercial $ 1,728 $ 5,667 $ (3,939) Construction and development 2,328 4,448 (2,120) Home equity 455 279 176 One-to-four-family 3,656 1,424 2,232 Multi-family 1,397 2,980 (1,583) Indirect home improvement 9,394 3,540 5,854 Marine 900 702 198 Other consumer 64 38 26 Commercial and industrial 2,727 5,953 (3,226) Warehouse lending 127 583 (456) Unallocated — 21 (21) Allowance for credit losses on loans $ 22,776 $ 25,635 $ (2,859) Liabilities Allowance for credit losses on unfunded loan commitments $ 2,908 $ 499 $ 2,409 Total $ (378) ________________________ The adoption of CECL resulted in an increase of retained earnings of $297,000, net of tax. Allowance for Credit Losses on Held-to-Maturity Securities Management measures expected credit losses on held-to-maturity securities by individual security. Accrued interest receivable on held-to-maturity debt securities totaled $103,000 at March 31, 2022, is recorded in Other Assets on the Consolidated Balance Sheets and excluded from the estimate of credit losses. The estimate of expected credit losses considers credit ratings and historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The held-to-maturity portfolio consists entirely of corporate securities. Securities are generally rated BBB- or higher. Securities are analyzed individually to establish a CECL reserve. Allowance for Credit Losses on Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, management first assesses whether it intends to sell, or is more likely than not to be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For debt securities available-for-sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (“OCI”). Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $1.8 million at March 31, 2022, is recorded in Other Assets on the Consolidated Balance Sheets and is not included in the estimate of credit losses. Allowance for Credit Losses on Loans The allowance for credit losses on loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed and recoveries are credited to the allowance when received. The Company may also account for expected recoveries should information of an anticipated recovery become available. In the case of actual or expected recoveries, amounts may not exceed the aggregate of amounts previously charged off. Management utilizes relevant available information, from internal and external sources, relating to past events, current conditions, historical loss experience, and reasonable and supportable forecasts. The lookback period in the analysis includes historical data from 2009 to present. Adjustments to historical loss information are made when management determines historical data is not likely reflective of the current portfolio such as limited data sets or lack of default or loss history. Management may selectively apply external market data to subjectively adjust the Company’s own loss history including index or peer data. Accrued interest receivable totaled $6.5 million at March 31, 2022, was reported in Other Assets on the Consolidated Balance Sheets, and was excluded from the estimate of credit losses for loans. Collective Assessment The allowance for credit losses on loans is measured on a collective cohort basis when similar risk characteristics exist. Generally, collectively assessed loans are grouped by call report code and then risk grade grouping. Risk grade is grouped within each call report code by pass, watch, special mention, substandard, and doubtful. Other loan types are separated into their own cohorts due to specific risk characteristics for that pool of loans. The Company has elected a non-discounted cash flow methodology with probability of default (“PD”) and loss given default (“LGD”) for all call report code cohorts (“cohorts”), with the exception of the indirect and marine portfolios which are evaluated under a vintage methodology. Guaranteed portions of loans are measured with zero risk due to cash collateral and full guaranty. The PD calculation looks at the historical loan portfolio at particular points in time (each month during the lookback period) to determine the probability that loans in a certain cohort will default over the next 12-month period. A default is defined as a loan that has moved to past due 90 days and greater, nonaccrual status, or experienced a charge-off during the period. In cohorts where the Company’s historical data are insufficient due to a minimal amount of default activity or zero defaults, management uses index PDs comprised of rates derived from the PD experience of other community banks in place of the Company’s historical PDs. Additionally, management reviews all other cohorts to determine if index PDs should be used outside of these criteria. The LGD calculation looks at actual losses (net charge-offs) experienced over the entire lookback period for each cohort of loans. The aggregate loss amount is divided by the exposure at default to determine an LGD rate. All defaults (non-accrual, charge-off, or greater than 90 days past due) occurring during the lookback period are included in the denominator, whether a loss occurred or not and exposure at default is determined by the loan balance immediately preceding the default event (i.e. nonaccrual or charge-off). Due to very limited charge-off history, management uses index LGDs comprised of rates derived from the LGD experience of other community banks in place of the Company’s historical LGDs. The Company utilizes reasonable and supportable forecasts of future economic conditions when estimating the allowance for credit losses on loans. The calculation includes a 12-month PD forecast based on the Company’s regression model comparing peer nonperforming loan ratios to the national unemployment rate and other forecast data. After the forecast period, PD rates revert on a straight-line basis back to long-term historical average rates over a 12-month period. The Company recognizes that all significant factors that affect the collectability of the loan portfolio must be considered to determine the estimated credit losses as of the evaluation date. Furthermore, the methodology, in and of itself and even when selectively adjusted by comparison to market and peer data, does not provide a sufficient basis to determine the estimated credit losses. The Company adjusts the modeled historical losses by a Qualitative and Environmental adjustment to incorporate all significant risks to form a sufficient basis to estimate the credit losses. Individual Assessment Loans classified as Nonaccrual, Troubled Debt Restructuring (“TDR”), or Reasonably Expected TDR will be reviewed quarterly for potential individual assessment. Any loan classified as a Nonaccrual or TDR that is not determined to need individual assessment will be evaluated collectively within its respective cohort. All Reasonably Expected TDR loans will be evaluated individually to account for expected modifications in loan terms. Where the primary and/or expected source of repayment of a specific loan is believed to be the future liquidation of available collateral, impairment will generally be measured based upon expected future collateral proceeds, net of disposition expenses including sales commissions as well as other costs potentially necessary to sell the asset(s) (i.e. past due taxes, liens, etc.). Estimates of future collateral proceeds will be based upon available appraisals, reference to recent valuations of comparable properties, use of consultants or other professionals with relevant market and/or property-specific knowledge, and any other sources of information believed appropriate by management under the specific circumstances. When appraisals are ordered to support the impairment analysis of an impaired loan, the appraisal is reviewed by the Company’s internal appraisal reviewer. Where the primary and/or expected source of repayment of a specific loan is believed to be the receipt of principal and interest payments from the borrower and/or the refinancing of the loan by another creditor, impairment will generally be measured based upon the present value of expected proceeds discounted at the contractual interest rate. Expected refinancing proceeds may be estimated from review of term sheets actually received by the borrower from other creditors and/or from the Company’s knowledge of terms generally available from other banks. Determining the Contractual Term Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a TDR will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. Prepayment assumptions will be determined by analysis of historical behavior by loan cohort. Troubled Debt Restructurings A loan for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a TDR. Any loan that is being considered for modification and expected to result in a TDR is identified as a Reasonably Expected TDR. Reasonably Expected TDRs are assessed in the CECL calculation utilizing their expected modified terms. The allowance for credit losses on a TDR is measured using the same method as all other loans held for investment, except that the original interest rate is used to discount the expected cash flows when a rate modification has occurred. Allowance for Credit Losses on Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses on unfunded commitments is adjusted through a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The estimate utilizes the same factors and assumptions as the allowance for credit losses on loans and is applied at the same collective cohort level.
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 Construction and Development Lending Home Equity Lending One-to-Four-Family Real Estate Lending Multi-Family Lending Consumer Loans Indirect Home Improvement Marine Other Consumer. Commercial Business Loans Commercial and Industrial Lending (“C&I”) Warehouse Lending
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 Federal Financial Institutions Examination Council’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 graded “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. Management may more conservatively risk rate credits even if paying in accordance with the loan’s repayment terms. Commercial real estate, construction and development, multi-family and commercial business loans are evaluated individually for their risk classification and may be classified as “Substandard” even if current on their loan payment obligations.
Nonaccrual and Past Due Loans	Nonaccrual and Past Due Loans
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	The following methods were used to estimate the fair value of certain assets and liabilities on a recurring and nonrecurring basis: Securities - Mortgage Loans Held for Sale - Loans receivable - Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type, including commercial, real estate and consumer loans. Each loan category is further segregated by fixed and adjustable rate loans. The fair value of loans is calculated by discounting expected cash flows at rates at which similar loans are currently being made. These amounts are discounted further by embedded probable losses expected to be realized in the portfolio. For loans originated as held for sale and transferred into loans held for investment, the fair value is determined based on quoted secondary market prices for similar loans. As of March 31, 2022 and December 31, 2021, there were $14.9 million and $16.1 million, respectively, in residential mortgage loans recorded at fair value as they were previously transferred from held for sale to loans held for investment (Level 2). Derivative Instruments - Loans individually evaluated - Expected credit losses for loans evaluated individually are measured based on the present value of expected future cash flows discounted at the loan’s original effective interest rate or when the Bank determines that foreclosure is probable, the expected credit loss is measured based on the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. As a practical expedient, the Bank measures the expected credit loss for a loan using the fair value of the collateral, if repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Bank’s assessment as of the reporting date. In both cases, if the fair value of the collateral is less than the amortized cost basis of the loan, the Bank will recognize an allowance as the difference between the fair value of the collateral, less costs to sell (if applicable), at the reporting date and the amortized cost basis of the loan. If the fair value of the collateral exceeds the amortized cost basis of the loan, any expected recovery added to the amortized cost basis will be limited to the amount previously charged-off by the subsequent changes in the expected credit losses for loans evaluated individually are included within the provision for credit losses in the same manner in which the expected credit loss initially was recognized or as a reduction in the provision that would otherwise be reported (Level 3). Servicing Rights -
Earnings Per Share	The Company computes earnings per share using the two-class method, which is an earnings allocation method for computing earnings per share that treats a participating security as having rights to earnings that would otherwise have been available to common shareholders. 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. Unvested share-based awards containing non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. 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.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of adoption	January 1, 2022 As Reported January 1, 2022 Pre-Topic 326 Impact of Topic 326 Assets Under Topic 326 Adoption Adoption Allowance for credit losses on debt securities held-to-maturity $ 72 $ — $ 72 Loans Commercial $ 1,728 $ 5,667 $ (3,939) Construction and development 2,328 4,448 (2,120) Home equity 455 279 176 One-to-four-family 3,656 1,424 2,232 Multi-family 1,397 2,980 (1,583) Indirect home improvement 9,394 3,540 5,854 Marine 900 702 198 Other consumer 64 38 26 Commercial and industrial 2,727 5,953 (3,226) Warehouse lending 127 583 (456) Unallocated — 21 (21) Allowance for credit losses on loans $ 22,776 $ 25,635 $ (2,859) Liabilities Allowance for credit losses on unfunded loan commitments $ 2,908 $ 499 $ 2,409 Total $ (378)

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
INVESTMENTS (Tables)	Mar. 31, 2022
INVESTMENTS
Schedule of Available-for-sale Securities Reconciliation	March 31, 2022 Estimated Allowance Amortized Unrealized Unrealized Fair for Credit SECURITIES AVAILABLE-FOR-SALE Cost Gains Losses Values Losses U.S. agency securities $ 21,154 $ 94 $ (2,256) $ 18,992 $ — Corporate securities 9,496 12 (774) 8,734 — Municipal bonds 144,572 255 (13,091) 131,736 — Mortgage-backed securities 92,346 25 (5,724) 86,647 — U.S. Small Business Administration securities 17,403 61 (267) 17,197 — Total securities available-for-sale 284,971 447 (22,112) 263,306 — SECURITIES HELD-TO-MATURITY Corporate securities 7,500 191 (28) 7,663 72 Total securities held-to-maturity 7,500 191 (28) 7,663 72 — Total securities $ 292,471 $ 638 $ (22,140) $ 270,969 $ 72 December 31, 2021 Estimated Amortized Unrealized Unrealized Fair SECURITIES AVAILABLE-FOR-SALE Cost Gains Losses Values U.S. agency securities $ 21,155 $ 133 $ (318) $ 20,970 Corporate securities 9,495 31 (524) 9,002 Municipal bonds 136,377 1,577 (2,521) 135,433 Mortgage-backed securities 88,641 1,457 (696) 89,402 U.S. Small Business Administration securities 16,383 235 (66) 16,552 Total securities available-for-sale 272,051 3,433 (4,125) 271,359 SECURITIES HELD-TO-MATURITY Corporate securities 7,500 628 — 8,128 Total securities held-to-maturity 7,500 628 — 8,128 Total securities $ 279,551 $ 4,061 $ (4,125) $ 279,487
Schedule of allowance of credit losses	Corporate For the Three Months Ended March 31, 2022 Securities Beginning allowance balance $ — Impact of adopting ASU 2016-13 72 Provision for credit losses — Securities charged-off — Recoveries — Total ending allowance balance $ 72
Schedule of Amortized cost of debt securities	Corporate March 31, 2022 Securities BBB/BBB- $ 7,500
Schedule of Unrealized Loss on Investments	March 31, 2022 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized SECURITIES AVAILABLE-FOR-SALE Value Losses Value Losses Value Losses U.S. agency securities $ 12,749 $ (1,485) $ 3,196 $ (771) $ 15,945 $ (2,256) Corporate securities — — 4,226 (774) 4,226 (774) Municipal bonds 84,565 (8,963) 31,746 (4,128) 116,311 (13,091) Mortgage-backed securities 75,898 (5,600) 4,291 (124) 80,189 (5,724) U.S. Small Business Administration securities 8,458 (267) — — 8,458 (267) Total securities available-for-sale $ 181,670 $ (16,315) $ 43,459 $ (5,797) $ 225,129 $ (22,112) SECURITIES HELD-TO-MATURITY Corporate securities 972 (28) — — 972 (28) Total securities held-to-maturity 972 (28) — — 972 (28) Total $ 182,642 $ (16,343) $ 43,459 $ (5,797) $ 226,101 $ (22,140) December 31, 2021 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized SECURITIES AVAILABLE-FOR-SALE Value Losses Value Losses Value Losses U.S. agency securities $ 13,125 $ (105) $ 3,752 $ (213) $ 16,877 $ (318) Corporate securities — — 5,476 (524) 5,476 (524) Municipal bonds 72,098 (1,961) 14,116 (560) 86,214 (2,521) Mortgage-backed securities 33,291 (620) 3,825 (76) 37,116 (696) U.S. Small Business Administration securities 2,988 (66) — — 2,988 (66) Total securities available-for-sale $ 121,502 $ (2,752) $ 27,169 $ (1,373) $ 148,671 $ (4,125)
Schedule of Available-for-Sale and Held-To-Maturity Securities by Contractual Maturity	March 31, 2022 December 31, 2021 SECURITIES AVAILABLE-FOR-SALE Amortized Fair Amortized Fair U.S. agency securities Cost Value Cost Value Due after one year through five years $ 954 $ 959 $ 959 $ 1,004 Due after five years through ten years 6,923 6,351 6,920 6,850 Due after ten years 13,277 11,682 13,276 13,116 Subtotal 21,154 18,992 21,155 20,970 Corporate securities Due after one year through five years 3,496 3,508 3,495 3,526 Due after five years through ten years 4,000 3,578 4,000 3,627 Due after ten years 2,000 1,648 2,000 1,849 Subtotal 9,496 8,734 9,495 9,002 Municipal bonds Due after one year through five years 3,717 3,746 3,724 3,850 Due after five years through ten years 8,037 7,932 6,857 7,035 Due after ten years 132,818 120,058 125,796 124,548 Subtotal 144,572 131,736 136,377 135,433 Mortgage-backed securities Federal National Mortgage Association (“FNMA”) 77,518 72,265 75,171 75,737 Federal Home Loan Mortgage Corporation (“FHLMC”) 9,514 9,237 9,606 9,768 Government National Mortgage Association (“GNMA”) 5,314 5,145 3,864 3,897 Subtotal 92,346 86,647 88,641 89,402 U.S. Small Business Administration securities Due after one year through five years 3,453 3,374 2,485 2,507 Due after five years through ten years 4,951 4,955 4,420 4,515 Due after ten years 8,999 8,868 9,478 9,530 Subtotal 17,403 17,197 16,383 16,552 Total securities available-for-sale 284,971 263,306 272,051 271,359 SECURITIES HELD-TO-MATURITY Corporate securities Due after five years through ten years 7,500 7,663 7,500 8,128 Total securities held-to-maturity 7,500 7,663 7,500 8,128 Total securities $ 292,471 $ 270,969 $ 279,551 $ 279,487

LOANS RECEIVABLE AND ALLOWANC_2

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS (Tables)	3 Months Ended
	Mar. 31, 2022
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS
Schedule of Accounts, Notes, Loans and Financing Receivable	March 31, December 31, REAL ESTATE LOANS 2022 2021 Commercial $ 269,517 $ 264,429 Construction and development 258,680 240,553 Home equity 44,394 41,017 One-to-four-family (excludes loans held for sale) 361,079 366,146 Multi-family 196,924 178,158 Total real estate loans 1,130,594 1,090,303 CONSUMER LOANS Indirect home improvement 359,443 336,285 Marine 82,560 82,778 Other consumer 2,994 2,980 Total consumer loans 444,997 422,043 COMMERCIAL BUSINESS LOANS Commercial and industrial (includes Paycheck Protection Program ("PPP") loans) 207,480 208,552 Warehouse lending 37,957 33,277 Total commercial business loans 245,437 241,829 Total loans receivable, gross 1,821,028 1,754,175 Allowance for credit losses on loans (1) (23,365) (25,635) Total loans receivable, net $ 1,797,663 $ 1,728,540 _________________________ (1) Allowance for credit losses on loans in 2022 reported using the CECL method and in 2021 reported using the incurred loss method.
Allowance for Credit Losses on Financing Receivables	At or For the Three Months Ended March 31, 2022 Real Commercial Allowance for credit losses on loans Estate Consumer Business Unallocated Total Beginning balance, prior to adoption of ASC 326 $ 14,798 $ 4,280 $ 6,536 $ 21 $ 25,635 Impact of adopting ASC 326 (5,234) 6,078 (3,682) (21) (2,859) Provision for credit losses on loans 996 (303) 159 — 852 Loans charged-off — (523) — — (523) Recoveries — 260 — — 260 Total ending allowance balance $ 10,560 $ 9,792 $ 3,013 $ — $ 23,365 At or For the Three Months Ended March 31, 2021 Real Commercial Allowance for loan losses Estate Consumer Business Unallocated Total Beginning balance $ 13,846 $ 6,696 $ 4,939 $ 691 $ 26,172 Provision for loan losses (231) 378 768 585 1,500 Loans charged-off — (503) (38) — (541) Recoveries — 244 — — 244 Total ending allowance balance $ 13,615 $ 6,815 $ 5,669 $ 1,276 $ 27,375 Period end amount allocated to: Loans individually evaluated for impairment $ 15 $ 241 $ 1,169 $ — $ 1,425 Loans collectively evaluated for impairment 13,600 6,574 4,500 1,276 25,950 Ending balance $ 13,615 $ 6,815 $ 5,669 $ 1,276 $ 27,375 LOANS RECEIVABLE Loans individually evaluated for impairment $ 2,896 $ 689 $ 5,691 $ — $ 9,276 Loans collectively evaluated for impairment 926,973 380,817 303,369 — 1,611,159 Ending balance $ 929,869 $ 381,506 $ 309,060 $ — $ 1,620,435
Past Due Financing Receivables	March 31, 2022 30-59 60-89 Days Days 90 Days Total Total Past Past or More Past Loans Non- REAL ESTATE LOANS Due Due Past Due Due Current Receivable Accrual Commercial $ — $ — $ — $ — $ 269,517 $ 269,517 $ — Construction and development — — — — 258,680 258,680 — Home equity — 40 155 195 44,199 44,394 257 One-to-four-family 815 199 538 1,552 359,527 361,079 751 Multi-family — — — — 196,924 196,924 — Total real estate loans 815 239 693 1,747 1,128,847 1,130,594 1,008 CONSUMER LOANS Indirect home improvement 830 228 213 1,271 358,172 359,443 524 Marine 28 — — 28 82,532 82,560 57 Other consumer 10 2 — 12 2,982 2,994 — Total consumer loans 868 230 213 1,311 443,686 444,997 581 COMMERCIAL BUSINESS LOANS Commercial and industrial — — 1,087 1,087 206,393 207,480 5,208 Warehouse lending — — — — 37,957 37,957 — Total commercial business loans — — 1,087 1,087 244,350 245,437 5,208 Total loans $ 1,683 $ 469 $ 1,993 $ 4,145 $ 1,816,883 $ 1,821,028 $ 6,797 December 31, 2021 30-59 60-89 Days Days 90 Days Total Total Past Past or More Past Loans Non- REAL ESTATE LOANS Due Due Past Due Due Current Receivable Accrual Commercial $ — $ — $ — $ — $ 264,429 $ 264,429 $ — Construction and development — — — — 240,553 240,553 — Home equity — — 179 179 40,838 41,017 301 One-to-four-family 593 264 480 1,337 364,809 366,146 480 Multi-family — — — — 178,158 178,158 — Total real estate loans 593 264 659 1,516 1,088,787 1,090,303 781 CONSUMER LOANS Indirect home improvement 1,047 280 295 1,622 334,663 336,285 554 Marine 119 — — 119 82,659 82,778 57 Other consumer 11 2 18 31 2,949 2,980 18 Total consumer loans 1,177 282 313 1,772 420,271 422,043 629 COMMERCIAL BUSINESS LOANS Commercial and industrial 791 — — 791 207,761 208,552 4,419 Warehouse lending — — — — 33,277 33,277 — Total commercial business loans 791 — — 791 241,038 241,829 4,419 Total loans $ 2,561 $ 546 $ 972 $ 4,079 $ 1,750,096 $ 1,754,175 $ 5,829
Impaired Financing Receivables	December 31, 2021 Unpaid WITH NO RELATED ALLOWANCE RECORDED Principal Recorded Related Real estate loans: Balance Investment Allowance Home equity $ 259 $ 227 $ — One-to-four-family 497 480 — 756 707 — WITH RELATED ALLOWANCE RECORDED Real estate loans: Home equity 92 74 23 Consumer loans: Indirect 551 554 193 Marine 56 57 20 Other consumer 18 18 6 Commercial business loans: Commercial and industrial 4,417 4,419 921 5,134 5,122 1,163 Total $ 5,890 $ 5,829 $ 1,163 March 31, 2021 WITH NO RELATED ALLOWANCE RECORDED Average Recorded Interest Income Real estate loans: Investment Recognized Commercial $ — $ — Construction and development 1,850 — Home equity 652 2 One-to-four-family 543 2 3,045 4 WITH AN ALLOWANCE RECORDED Real estate loans: One-to-four-family 60 — Consumer loans: Indirect 786 14 Marine 36 1 Other consumer 3 — Commercial business loans: Commercial and industrial 5,678 — 6,563 15 Total $ 9,608 $ 19
Summarize risk rated loan balances	March 31, 2022 REAL ESTATE LOANS Term Loans by Year of Origination Commercial 2022 2021 2020 2019 2018 Prior Revolving Loans Total Loans Pass $ 10,492 $ 78,064 $ 51,243 $ 42,521 $ 15,070 $ 65,267 $ — $ 262,657 Watch — — 222 411 594 133 — 1,360 Special Mention — — — 306 — 5,194 — 5,500 Substandard — — — — — — — — Total commercial 10,492 78,064 51,465 43,238 15,664 70,594 — 269,517 Construction and development Pass 32,629 145,121 61,757 18,441 — 732 — 258,680 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total construction and development 32,629 145,121 61,757 18,441 — 732 — 258,680 Home equity Pass 2,584 2,099 7,193 — 1,371 2,104 28,783 44,134 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — 3 114 143 — 260 Total home equity 2,584 2,099 7,193 3 1,485 2,247 28,783 44,394 One-to-four-family Pass 17,592 150,822 90,638 34,097 19,738 45,470 — 358,357 Watch — — — — — — — — Special Mention — — — — 1,971 — — 1,971 Substandard — — — — 145 606 — 751 Total one-to-four-family 17,592 150,822 90,638 34,097 21,854 46,076 — 361,079 Multi-family Pass 19,270 63,574 34,147 48,555 4,648 26,730 — 196,924 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total multi-family 19,270 63,574 34,147 48,555 4,648 26,730 — 196,924 Total real estate loans 82,567 439,680 245,200 144,334 43,651 146,379 — 1,130,594 March 31, 2022 CONSUMER LOANS Term Loans by Year of Origination Indirect home improvement 2022 2021 2020 2019 2018 Prior Revolving Loans Total Loans Pass $ 53,224 $ 152,815 $ 60,831 $ 39,858 $ 23,132 $ 29,045 $ 12 $ 358,917 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — 142 95 90 74 125 — 526 Total indirect home improvement 53,224 152,957 60,926 39,948 23,206 29,170 12 359,443 Marine Pass 5,610 17,335 25,380 9,931 12,889 11,358 — 82,503 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — 57 — 57 Total marine 5,610 17,335 25,380 9,931 12,889 11,415 — 82,560 Other consumer Pass 336 315 163 30 55 192 1,903 2,994 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total other consumer 336 315 163 30 55 192 1,903 2,994 Total consumer loans 59,170 170,607 86,469 49,909 36,150 40,777 1,915 444,997 COMMERCIAL BUSINESS LOANS Commercial and industrial Pass $ 7,058 $ 42,776 $ 22,103 $ 3,036 $ 4,421 $ 11,399 $ 101,676 $ 192,469 Watch — — — 38 — 239 940 1,217 Special Mention 345 — 1,357 — 28 81 486 2,297 Substandard — 1,101 — 4,238 249 4,987 922 11,497 Total commercial and industrial 7,403 43,877 23,460 7,312 4,698 16,706 104,024 207,480 Warehouse lending Pass — — — — — — 37,957 37,957 Watch — — — — — — — — Special Mention — — — — — — — — Substandard — — — — — — — — Total warehouse lending — — — — — — 37,957 37,957 Total commercial business loans 7,403 43,877 23,460 7,312 4,698 16,706 141,981 245,437 TOTAL LOANS RECEIVABLE, GROSS Pass $ 148,795 $ 652,921 $ 353,455 $ 196,469 $ 81,324 $ 192,297 $ 170,331 $ 1,795,592 Watch — — 222 449 594 372 940 2,577 Special Mention 345 — 1,357 306 1,999 5,275 486 9,768 Substandard — 1,243 95 4,331 582 5,918 922 13,091 Total loans receivable, gross $ 149,140 $ 654,164 $ 355,129 $ 201,555 $ 84,499 $ 203,862 $ 172,679 $ 1,821,028 December 31, 2021 Special Pass Watch Mention Substandard Doubtful Loss REAL ESTATE LOANS (1 - 5) (6) (7) (8) (9) (10) Total Commercial $ 253,092 $ 4,652 $ 5,769 $ 916 $ — $ — $ 264,429 Construction and development 240,553 — — — — — 240,553 Home equity 40,716 — — 301 — — 41,017 One-to-four-family 363,682 — — 2,464 — — 366,146 Multi-family 178,158 — — — — — 178,158 Total real estate loans 1,076,201 4,652 5,769 3,681 — — 1,090,303 CONSUMER LOANS Indirect home improvement 335,731 — — 554 — — 336,285 Marine 82,721 — — 57 — — 82,778 Other consumer 2,962 — — 18 — — 2,980 Total consumer loans 421,414 — — 629 — — 422,043 COMMERCIAL BUSINESS LOANS Commercial and industrial 188,767 4,182 1,829 13,774 — — 208,552 Warehouse lending 33,277 — — — — — 33,277 Total commercial business loans 222,044 4,182 1,829 13,774 — — 241,829 Total loans receivable, gross $ 1,719,659 $ 8,834 $ 7,598 $ 18,084 $ — $ — $ 1,754,175
Schedule of amortized cost basis of loans	March 31, 2022 Nonaccrual with No Nonaccrual with 90 Days or More Allowance for Credit Allowance for Credit Total Past Due and REAL ESTATE LOANS Losses Losses Nonaccrual Still Accruing Home equity $ 257 $ — $ 257 $ — One-to-four-family 751 — 751 — 1,008 — 1,008 — CONSUMER LOANS Indirect home improvement — 524 524 — Marine — 57 57 — — 581 581 — COMMERCIAL BUSINESS LOANS Commercial and industrial 1,087 4,121 5,208 — Total $ 2,095 $ 4,702 $ 6,797 $ —
Schedule of amortized cost basis of collateral dependent impaired loans	March 31, 2022 REAL ESTATE LOANS Real Estate Equipment Total Home equity $ 257 $ — $ 257 One-to-four-family 751 — 751 1,008 — 1,008 CONSUMER LOANS Indirect home improvement — 524 524 Marine — 57 57 — 581 581 COMMERCIAL BUSINESS LOANS Commercial and industrial 1,087 4,121 5,208 Total $ 2,095 $ 4,702 $ 6,797

SERVICING RIGHTS (Tables)

SERVICING RIGHTS (Tables)	3 Months Ended
SERVICING RIGHTS (Tables)	Mar. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Summary of servicing rights activity	At or For the Three Months Ended March 31, 2022 2021 Beginning balance, at the lower of cost or fair value $ 16,970 $ 12,595 Additions 2,550 3,144 Servicing rights amortized (1,480) (2,054) Recovery of servicing rights 1 2,050 Ending balance, at the lower of cost or fair value $ 18,041 $ 15,735
Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights	March 31, 2022 December 31, 2021 Aggregate portfolio principal balance $ 2,753,477 $ 2,609,776 Weighted average rate of note 3.2 % 3.2 % At March 31, 2022 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 9.5 % 10.5 % 12.7 % Fair value MSR $ 32,140 $ 30,931 $ 28,475 Percentage of MSR 1.2 % 1.1 % 1.0 % Discount rate 9.1 % 9.6 % 10.1 % Fair value MSR $ 32,140 $ 31,464 $ 30,813 Percentage of MSR 1.2 % 1.1 % 1.1 % At December 31, 2021 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change Conditional prepayment rate 13.8 % 20.0 % 31.5 % Fair value MSR $ 26,070 $ 21,188 $ 15,348 Percentage of MSR 1.0 % 0.8 % 0.6 % Discount rate 9.1 % 9.6 % 10.1 % Fair value MSR $ 26,070 $ 25,586 $ 25,119 Percentage of MSR 1.0 % 1.0 % 1.0 %
Mortgage servicing rights.
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Valuation assumptions	At March 31, At December 31, Key assumptions: 2022 2021 Weighted average discount rate 9.1 % 9.1 % Conditional prepayment rate (“CPR”) 9.5 % 13.8 % Weighted average life in years 7.4 5.9

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
DERIVATIVES (Tables)	Mar. 31, 2022
DERIVATIVES
Schedule of Derivative Instruments	March 31, 2022 Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps $ 90,000 $ 3,941 $ — Non-hedging derivatives: Fallout adjusted interest rate lock commitments with customers 82,592 250 — Mandatory and best effort forward commitments with investors 33,255 885 — Forward TBA mortgage-backed securities 81,000 1,706 — December 31, 2021 Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps $ 90,000 $ 1,168 $ 155 Non-hedging derivatives: Fallout adjusted interest rate lock commitments with customers 71,890 757 — Mandatory and best effort forward commitments with investors 74,375 808 — Forward TBA mortgage-backed securities 111,000 53 —

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Mar. 31, 2022
LEASES
Summary of lease cost	Three Months Ended Three Months Ended Lease cost: March 31, 2022 March 31, 2021 Operating lease cost $ 343 $ 348 Short-term lease cost 1 1 Total lease cost $ 344 $ 349
Supplemental information related to operating leases	At or For the At or For the Cash paid for amounts included in the Three Months Ended Three Months Ended measurement of lease liabilities: March 31, 2022 March 31, 2021 Operating cash flows from operating leases $ 346 $ 349 Weighted average remaining lease term- operating leases 4.8 years 5.1 years Weighted average discount rate- operating leases 2.06 % 2.33 %
Summary of maturities of operating lease liabilities	2022 $ 1,065 2023 1,226 2024 1,173 2025 861 2026 737 Thereafter 688 Total lease payments 5,750 Less imputed interest (344) Total $ 5,406

OTHER REAL ESTATE OWNED (OREO)

OTHER REAL ESTATE OWNED (OREO) (Tables)	3 Months Ended
OTHER REAL ESTATE OWNED (OREO) (Tables)	Mar. 31, 2022
OTHER REAL ESTATE OWNED ("OREO")
Schedule of Other Real Estate Owned	At or For the Three Months Ended March 31, 2022 2021 Beginning balance $ — $ 90 Additions — — Gross proceeds from sale of OREO — (81) Loss on sale of OREO — (9) Ending balance $ — $ —

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2022
OTHER REAL ESTATE OWNED ("OREO")
Schedule of Deposit Liabilities	March 31, December 31, 2022 2021 Noninterest-bearing checking $ 449,075 $ 443,133 Interest-bearing checking (1) 329,938 349,251 Savings 198,184 193,922 Money market (2) 545,442 552,357 Certificates of deposit less than $100,000 (3) 210,984 186,974 Certificates of deposit of $100,000 through $250,000 107,429 116,206 Certificates of deposit of $250,000 and over 52,669 57,512 Escrow accounts related to mortgages serviced 26,067 16,389 Total $ 1,919,788 $ 1,915,744 ________________________ (1) Includes $60.0 million and $90.0 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively. (2) Includes $241,000 and $5.0 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively. (3) Includes $127.6 million and $97.6 million of brokered deposits at March 31, 2022 and December 31, 2021, respectively.
Schedule of Maturities of Time Deposits for Future Periods	At March 31, 2022 Maturing in 2022 $ 199,402 Maturing in 2023 65,635 Maturing in 2024 34,382 Maturing in 2025 56,961 Maturing in 2026 14,103 Thereafter 599 Total $ 371,082
Schedule of Interest Expense by Deposit Category	Three Months Ended March 31, 2022 2021 Interest-bearing checking $ 161 $ 50 Savings and money market 383 468 Certificates of deposit 741 1,464 Total $ 1,285 $ 1,982

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Mar. 31, 2022
Commitments and Contingencies.
Schedule of Commitments to Extend Credit	COMMITMENTS TO EXTEND CREDIT March 31, December 31, REAL ESTATE LOANS 2022 2021 Commercial $ 559 $ 787 Construction and development 217,274 182,297 One-to-four-family (includes locks for saleable loans) 111,160 78,264 Home equity 71,964 67,596 Multi-family 3,465 3,434 Total real estate loans 404,422 332,378 CONSUMER LOANS 38,692 35,873 COMMERCIAL BUSINESS LOANS Commercial and industrial 119,528 126,220 Warehouse lending 53,516 64,160 Total commercial business loans 173,044 190,380 Total commitments to extend credit $ 616,158 $ 558,631

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of assets and liabilities measured at fair value on a recurring basis	Financial Assets At March 31, 2022 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 18,992 $ — $ 18,992 Corporate securities — 7,734 1,000 8,734 Municipal bonds — 131,615 121 131,736 Mortgage-backed securities — 86,647 — 86,647 U.S. Small Business Administration securities — 17,197 — 17,197 Mortgage loans held for sale, at fair value — 42,068 — 42,068 Loans receivable, at fair value — 14,918 — 14,918 Derivatives: Mandatory and best effort forward commitments with investors — — 885 885 Forward TBA mortgage-backed securities — 1,706 — 1,706 Interest rate swaps — 3,941 — 3,941 Interest rate lock commitments with customers — — 250 250 Total assets measured at fair value $ — $ 324,818 $ 2,256 $ 327,074 Financial Liabilities Total liabilities measured at fair value $ — $ — $ — $ — Financial Assets At December 31, 2021 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities $ — $ 20,970 $ — $ 20,970 Corporate securities — 7,995 1,007 9,002 Municipal bonds — 135,302 131 135,433 Mortgage-backed securities — 89,402 — 89,402 U.S. Small Business Administration securities — 16,552 — 16,552 Mortgage loans held for sale, at fair value — 125,810 — 125,810 Loans receivable, at fair value — 16,083 — 16,083 Derivatives: Mandatory and best effort forward commitments with investors — — 808 808 Forward TBA mortgage-backed securities — 53 — 53 Interest rate swaps — 1,168 — 1,168 Interest rate lock commitments with customers — — 757 757 Total assets measured at fair value $ — $ 413,335 $ 2,703 $ 416,038 Financial Liabilities Derivatives: Interest rate swaps — (155) — (155) Total liabilities measured at fair value $ — $ (155) $ — $ (155)
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets	March 31, 2022 Level 1 Level 2 Level 3 Total Loans individually evaluated $ — $ — $ 6,797 $ 6,797 Servicing rights — — 32,140 32,140 December 31, 2021 Level 1 Level 2 Level 3 Total Loans individually evaluated $ — $ — $ 5,829 $ 5,829 Servicing rights — — 26,070 26,070
Fair value reconciliation - Level 3 on recurring basis	Purchases Net change in Net change in Three Months Ended Beginning and Sales and Ending fair value for fair value for March 31, 2022 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers $ 757 $ 2,095 $ (2,602) $ 250 $ 507 $ — Individual forward sale commitments with investors 808 2,143 (2,066) 885 77 — Securities available-for-sale, at fair value 1,138 — (17) 1,121 — (17) March 31, 2021 Interest rate lock commitments with customers $ 4,024 $ 7,691 $ (9,730) $ 1,985 $ (2,039) $ — Individual forward sale commitments with investors (67) 654 (81) 506 573 — Securities available-for-sale, at fair value 1,111 21 (3) 1,129 — 21 ______________________________ (1) Relating to items held at end of period included in income. (2) Relating to items held at end of period included in other comprehensive income (loss).
Fair Value, by Balance Sheet Grouping	March 31, December 31, 2022 2021 Financial Assets Carrying Fair Carrying Fair Level 1 inputs: Amount Value Amount Value Cash and cash equivalents $ 29,606 $ 29,606 $ 26,491 $ 26,491 Certificates of deposit at other financial institutions 8,177 8,177 10,542 10,542 Level 2 inputs: Securities available-for-sale, at fair value 262,185 262,185 270,221 270,221 Securities held-to-maturity 7,500 7,663 7,500 8,128 Loans held for sale, at fair value 42,068 42,068 125,810 125,810 FHLB stock, at cost 4,666 4,666 4,778 4,778 Forward TBA mortgage-backed securities 1,706 1,706 53 53 Loans receivable, at fair value 14,918 14,918 16,083 16,083 Interest rate swaps 3,941 3,941 1,168 1,168 Accrued interest receivable 8,436 8,436 7,594 7,594 Level 3 inputs: Securities available-for-sale, at fair value 1,121 1,121 1,138 1,138 Loans receivable, gross 1,806,110 1,801,329 1,738,092 1,725,651 Servicing rights, held at lower of cost or fair value 18,041 32,140 16,970 26,070 Fair value interest rate locks with customers 250 250 757 757 Mandatory and best effort forward commitments with investors 885 885 808 808 Financial Liabilities Level 2 inputs: Deposits 1,919,788 1,908,324 1,915,744 1,912,498 Borrowings 35,528 35,714 42,528 43,365 Subordinated notes, excluding unamortized debt issuance costs 50,000 49,000 50,000 51,688 Accrued interest payable 280 280 766 766 Interest rate swaps — — 155 155
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation assumptions	Level 3 Significant Weighted Average Fair Value Valuation Unobservable March 31, December 31, Instruments Techniques Inputs Range 2022 2021 RECURRING Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% 93.5 % 93.3 % Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% 93.5 % 93.3 % Corporate securities Discounted cash flows Discount rate 2.2% - 2.7% 2.7 % 2.2 % Municipal bonds Discounted cash flows Discount rate 6.0% - 6.2% 6.2 % 6.0 % NONRECURRING Loans individually evaluated Fair value of underlying collateral Discount applied to the obtained appraisal 10.0% 10.0 % 10.0 % Servicing rights Industry sources Pre-payment speeds 0% - 50% 9.5 % 13.8 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2022
EARNINGS PER SHARE
Schedule of Earnings Per Share, Basic and Diluted	At or For the Three Months Ended March 31, Numerator (in thousands): 2022 2021 Net income $ 6,870 $ 11,883 Dividends and undistributed earnings allocated to participating securities (127) (170) Net income available to common shareholders $ 6,743 $ 11,713 Denominator (shown as actual): Basic weighted average common shares outstanding 8,145,138 8,430,752 Dilutive shares 149,828 247,416 Diluted weighted average common shares outstanding 8,294,966 8,678,168 Basic earnings per share $ 0.83 $ 1.39 Diluted earnings per share $ 0.81 $ 1.35 Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive 45,564 10,588 _______________________ Share data has been adjusted for all periods to reflect the two-for-one stock split effective July 14, 2021.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCK-BASED COMPENSATION (Tables)	Mar. 31, 2022
STOCK-BASED COMPENSATION
Summary of Stock Option Awards	Weighted-Average Weighted- Remaining Average Contractual Term In Aggregate Shares Exercise Price Years Intrinsic Value Outstanding at January 1, 2022 613,626 $ 25.24 7.17 $ 5,362,902 Granted — — — — Less exercised 12,680 $ 14.73 — $ 227,948 Forfeited or expired — — — — Outstanding at March 31, 2022 600,946 $ 25.47 6.97 $ 3,855,397 Expected to vest, assuming a 0.31% annual forfeiture rate (1) 599,182 $ 25.46 6.96 $ 3,848,062 Exercisable at March 31, 2022 249,142 $ 21.29 5.36 $ 2,418,267 Share and per share data has been adjusted to reflect the two-for-one stock split effective July 14, 2021. __________________________ (1) Forfeiture rate has been calculated and estimated to assume a forfeiture of 3.1% of the options forfeited over 10 years .
Summary of Nonvested Awards	Weighted-Average Grant-Date Fair Value Nonvested Shares Shares Per Share Nonvested at January 1, 2022 121,672 $ 28.02 Granted — — Less vested — — Forfeited or expired — — Nonvested at March 31, 2022 121,672 $ 28.02 _______________________________ Share and per share data has been adjusted to reflect the two-for-one stock split effective July 14, 2021.

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	3 Months Ended
BUSINESS SEGMENTS (Tables)	Mar. 31, 2022
BUSINESS SEGMENTS
Schedule of Segment Reporting Information, by Segment	At or For the Three Months Ended March 31, 2022 Condensed income statement: Home Lending Commercial and Consumer Banking Total Net interest income (1) $ 2,444 $ 20,278 $ 22,722 Benefit (provision) for credit losses (2) 154 (1,197) (1,043) Noninterest income 3,371 2,505 5,876 Noninterest expense (4,891) (14,176) (19,067) Income before provision for income taxes 1,078 7,410 8,488 Provision for income taxes (240) (1,378) (1,618) Net income $ 838 $ 6,032 $ 6,870 Total average assets for period ended $ 385,451 $ 1,884,820 $ 2,270,271 FTEs 153 383 536 At or For the Three Months Ended March 31, 2021 Condensed income statement: Home Lending Commercial and Consumer Banking Total Net interest income (1) $ 1,622 $ 18,478 $ 20,100 Benefit (provision) for loan losses (2) 58 (1,558) (1,500) Noninterest income 10,832 2,202 13,034 Noninterest expense (3,131) (13,218) (16,349) Income before provision for income taxes 9,381 5,904 15,285 Provision for income taxes (2,088) (1,314) (3,402) Net income $ 7,293 $ 4,590 $ 11,883 Total average assets for period ended $ 405,001 $ 1,725,597 $ 2,130,598 FTEs 154 355 509 _________________________ (1) Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets and, if the segment has excess liabilities, interest credits for providing funding to the other segment. The cost of liabilities includes interest expense on segment liabilities and, if the segment does not have enough liabilities to fund its assets, a funding charge based on the cost of assigned liabilities to fund segment assets. (2) Provision for credit losses and provision for loan losses include shifts in allocation between segments due to various changes, to include adjustments to qualitative factors, changes in loan balances, and charge-off and recovery activity.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Mar. 31, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of changes in other intangible assets	Other Intangible Assets Accumulated Gross CDI Amortization Net CDI Balance, December 31, 2020 $ 7,490 $ (2,739) $ 4,751 Amortization — (691) (691) Balance, December 31, 2021 7,490 (3,430) 4,060 Amortization — (173) (173) Balance, March 31, 2022 $ 7,490 $ (3,603) $ 3,887
Schedule of amortization expense	Remainder of 2022 $ 518 2023 691 2024 621 2025 525 2026 525 Thereafter 1,007 Total $ 3,887

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606	(Dollars in thousands): At or For the Three Months Ended March 31, Noninterest income 2022 2021 In-scope of Topic 606: Debit card interchange fees $ 543 $ 515 Deposit service and account maintenance fees 216 173 Noninterest income (in-scope of Topic 606) 759 688 Noninterest income (out-of-scope of Topic 606) 5,117 12,346 Total noninterest income $ 5,876 $ 13,034

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)itemsegmentOffice	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Schedule of Accounting Policies [Line Items]
Number of operating segments \| segment	2
Federal Home Loan Bank Stock	$ 4,666,000		$ 4,778,000
Minimum term for accrual of interest on loans to be discontinued	90 days
Marketing and advertising	$ 188,000	$ 97,000
Goodwill, Impairment Loss			0
Accrued interest receivable on held to maturity debt securities	$ 103,000		113,000
Excluded accrued interest	true
Accrued interest receivable on available-for-sale debt securities	$ 1,800,000		$ 1,100,000
Puget Sound
Schedule of Accounting Policies [Line Items]
Number of bank branches \| item	21
Number of administrative offices that originates loans and accept deposits \| Office	1

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Adoption (Details) - USD ($)	Mar. 31, 2022	Jan. 01, 2022	Dec. 31, 2021
Assets
Allowance for credit losses on loans	$ 23,365,000		$ 25,635,000
Liabilities
Allowance for credit losses on unfunded loan commitments	3,100,000		499,000
Increase in retained earnings	$ 184,748,000		179,215,000
Debt Securities, Held-to-Maturity, Excluded Accrued Interest [true false]	true
Accrued interest receivable on available-for-sale debt securities	$ 1,800,000		$ 1,100,000
Accrued interest on loans	6,500,000
Securities available-for-sale.
Liabilities
Accrued interest receivable on available-for-sale debt securities	$ 1,800,000
Accrued interest from amortized cost	true
Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		$ (2,900,000)
ASU No 2016-13
Assets
Allowance for credit losses on loans		25,635,000
Liabilities
Allowance for credit losses on unfunded loan commitments		499,000
ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on debt securities held-to-maturity		72,000
Allowance for credit losses on loans		22,776,000
Liabilities
Allowance for credit losses on unfunded loan commitments		2,908,000
Increase in retained earnings	$ 297,000
ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on debt securities held-to-maturity		72,000
Allowance for credit losses on loans		(2,859,000)
Liabilities
Allowance for credit losses on unfunded loan commitments		2,409,000
Total		(378,000)
Increase in retained earnings		297,000
Commercial \| ASU No 2016-13
Assets
Allowance for credit losses on loans		5,667,000
Commercial \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		1,728,000
Commercial \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(3,939,000)
Construction and development \| ASU No 2016-13
Assets
Allowance for credit losses on loans		4,448,000
Construction and development \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		2,328,000
Construction and development \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(2,120,000)
Home equity. \| ASU No 2016-13
Assets
Allowance for credit losses on loans		279,000
Home equity. \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		455,000
Home equity. \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		176,000
One-to-four-family \| ASU No 2016-13
Assets
Allowance for credit losses on loans		1,424,000
One-to-four-family \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		3,656,000
One-to-four-family \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		2,232,000
Multi-family \| ASU No 2016-13
Assets
Allowance for credit losses on loans		2,980,000
Multi-family \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		1,397,000
Multi-family \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(1,583,000)
Indirect home improvement \| ASU No 2016-13
Assets
Allowance for credit losses on loans		3,540,000
Indirect home improvement \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		9,394,000
Indirect home improvement \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		5,854,000
Marine \| ASU No 2016-13
Assets
Allowance for credit losses on loans		702,000
Marine \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		900,000
Marine \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		198,000
Other consumer loans \| ASU No 2016-13
Assets
Allowance for credit losses on loans		38,000
Other consumer loans \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		64,000
Other consumer loans \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		26,000
Commercial and industrial \| ASU No 2016-13
Assets
Allowance for credit losses on loans		5,953,000
Commercial and industrial \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		2,727,000
Commercial and industrial \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(3,226,000)
Warehouse lending \| ASU No 2016-13
Assets
Allowance for credit losses on loans		583,000
Warehouse lending \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjusted Balance
Assets
Allowance for credit losses on loans		127,000
Warehouse lending \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		(456,000)
Unallocated \| ASU No 2016-13
Assets
Allowance for credit losses on loans		21,000
Unallocated \| ASU No 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Assets
Allowance for credit losses on loans		$ (21,000)

INVESTMENTS - Available-for-sal

INVESTMENTS - Available-for-sale securities reconciliation (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	$ 284,971	$ 272,051
Unrealized Gains	447	3,433
Unrealized Losses	(22,112)	(4,125)
Securities available-for-sale, at fair value	263,306	271,359
SECURITIES HELD-TO-MATURITY
Amortized cost	7,500	7,500
Unrealized gains	191	628
Unrealized losses	(28)
Securities held-to-maturity, at fair value	7,663	8,128
Total securities	7,428	7,500
Allowance for credit losses	72	0
Total securities
Amortized cost	292,471	279,551
Unrealized gains	638	4,061
Unrealized losses	(22,140)	(4,125)
Total securities, at fair value	270,969	279,487
Allowance for credit losses	72
U.S. agency securities
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	21,154	21,155
Unrealized Gains	94	133
Unrealized Losses	(2,256)	(318)
Securities available-for-sale, at fair value	18,992	20,970
Corporate securities
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	9,496	9,495
Unrealized Gains	12	31
Unrealized Losses	(774)	(524)
Securities available-for-sale, at fair value	8,734	9,002
SECURITIES HELD-TO-MATURITY
Amortized cost	7,500	7,500
Unrealized gains	191	628
Unrealized losses	(28)
Securities held-to-maturity, at fair value	7,663	8,128
Allowance for credit losses	72
Municipal bonds
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	144,572	136,377
Unrealized Gains	255	1,577
Unrealized Losses	(13,091)	(2,521)
Securities available-for-sale, at fair value	131,736	135,433
Mortgage-backed securities
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	92,346	88,641
Unrealized Gains	25	1,457
Unrealized Losses	(5,724)	(696)
Securities available-for-sale, at fair value	86,647	89,402
U.S. Small Business Administration securities
SECURITIES AVAILABLE-FOR-SALE
Amortized cost	17,403	16,383
Unrealized Gains	61	235
Unrealized Losses	(267)	(66)
Securities available-for-sale, at fair value	$ 17,197	$ 16,552

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details)	3 Months Ended	12 Months Ended
INVESTMENTS - Narrative (Details)	Mar. 31, 2022USD ($)security	Dec. 31, 2021USD ($)security
Debt and Equity Securities, FV-NI [Line Items]
Available-for-sale securities with unrealized losses of less than one year \| security	145	75
Available-for-sale securities with unrealized losses of more than one year \| security	29	17
Number of securities pledged and held at FHLB \| security	7
Pledged securities for cash flow hedges	$ 7,500,000
Public deposits	14,700,000
Other than temporary impairment losses, investments	0	$ 0
Allowance for credit losses before	103,000	113,000
Allowance for credit losses after	1,800,000	$ 1,100,000
Debt securities held-to-maturity	0
Asset pledged as collateral \| Washington Public Deposit Protection Commission
Debt and Equity Securities, FV-NI [Line Items]
Collateral requirement	$ 5,800,000
Cash Flow Hedges \| Asset pledged as collateral
Debt and Equity Securities, FV-NI [Line Items]
Number of Securities Pledged \| security	2
Pledged securities for cash flow hedges	$ 2,800,000

INVESTMENTS - Allowance for cre

INVESTMENTS - Allowance for credit losses (Details) $ in Thousands	Mar. 31, 2022USD ($)
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Total ending allowance balance	$ 72
Beginning allowance balance	0
Corporate securities
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Total ending allowance balance	72
Corporate securities \| Accounting Standards Update 2016-13
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning allowance balance	$ 72

INVESTMENTS - Amortized cost of

INVESTMENTS - Amortized cost of debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses	$ 72	$ 0
Corporate securities
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses	72
Standard & Poor's, BBB Rating \| Corporate securities
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses	$ 7,500

INVESTMENTS - Investments with

INVESTMENTS - Investments with Unrealized Losses Policy (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	$ 181,670	$ 121,502
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	43,459	27,169
Securities available-for-sale, Unrealized loss position, Fair Value	225,129	148,671
Securities held-to-maturity, Unrealized loss position, Fair Value, Less than 12 Months	972
Securities held-to-maturity, Unrealized loss position, Fair Value	972
Total securities, Unrealized loss position, Fair Value, Less than 12 Months	182,642
Total securities, Unrealized loss position, Fair Value, 12 Months or Longer	43,459
Total securities, Unrealized loss position, Fair Value	226,101
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(16,315)	(2,752)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(5,797)	(1,373)
Securities available-for-sale, Unrealized losses	(22,112)	(4,125)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, Less than 12 Months	(28)
Securities held-to-maturity, Unrealized losses	(28)
Unrealized loss position, Less than 12 Months, Unrealized Losses	(16,343)
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(5,797)
Unrealized loss position, Unrealized Losses	(22,140)
U.S. agency securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	12,749	13,125
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	3,196	3,752
Securities available-for-sale, Unrealized loss position, Fair Value	15,945	16,877
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(1,485)	(105)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(771)	(213)
Securities available-for-sale, Unrealized losses	(2,256)	(318)
Corporate securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	4,226	5,476
Securities available-for-sale, Unrealized loss position, Fair Value	4,226	5,476
Securities held-to-maturity, Unrealized loss position, Fair Value, Less than 12 Months	972
Securities held-to-maturity, Unrealized loss position, Fair Value	972
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(774)	(524)
Securities available-for-sale, Unrealized losses	(774)	(524)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, Less than 12 Months	(28)
Securities held-to-maturity, Unrealized losses	(28)
Municipal bonds
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	84,565	72,098
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	31,746	14,116
Securities available-for-sale, Unrealized loss position, Fair Value	116,311	86,214
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(8,963)	(1,961)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(4,128)	(560)
Securities available-for-sale, Unrealized losses	(13,091)	(2,521)
Mortgage-backed securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	75,898	33,291
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	4,291	3,825
Securities available-for-sale, Unrealized loss position, Fair Value	80,189	37,116
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(5,600)	(620)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(124)	(76)
Securities available-for-sale, Unrealized losses	(5,724)	(696)
U.S. Small Business Administration securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	8,458	2,988
Securities available-for-sale, Unrealized loss position, Fair Value	8,458	2,988
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(267)	(66)
Securities available-for-sale, Unrealized losses	$ (267)	$ (66)

INVESTMENTS - Available for Sal

INVESTMENTS - Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Proceeds from sale of available-for-sale securities	$ 0	$ 0
Gains from securities available-for-sale	0	0
Losses from securities available-for-sale	0	$ 0
Amortized Cost
Securities available-for-sale, Total	284,971		$ 272,051
Securities held-to-maturity, Total	7,500		7,500
Total securities	292,471		279,551
Fair Value
Securities available-for-sale, Total	263,306		271,359
Securities held-to-maturity, Total	7,663		8,128
Total securities	270,969		279,487
U.S. agency securities
Amortized Cost
Securities available-for-sale, Due after one year through five years	954		959
Securities available-for-sale, Due after five years through ten years	6,923		6,920
Securities available-for-sale, Due after ten years	13,277		13,276
Securities available-for-sale, Subtotal	21,154		21,155
Securities available-for-sale, Total	21,154		21,155
Fair Value
Securities available-for-sale, Due after one year through five years	959		1,004
Securities available-for-sale, Due after five years through ten years	6,351		6,850
Securities available-for-sale, Due after ten years	11,682		13,116
Securities available-for-sale, Subtotal	18,992		20,970
Securities available-for-sale, Total	18,992		20,970
Corporate securities
Amortized Cost
Securities available-for-sale, Due after one year through five years	3,496		3,495
Securities available-for-sale, Due after five years through ten years	4,000		4,000
Securities available-for-sale, Due after ten years	2,000		2,000
Securities available-for-sale, Subtotal	9,496		9,495
Securities available-for-sale, Total	9,496		9,495
Securities held-to-maturity, Due after five years through ten years	7,500		7,500
Fair Value
Securities available-for-sale, Due after one year through five years	3,508		3,526
Securities available-for-sale, Due after five years through ten years	3,578		3,627
Securities available-for-sale, Due after ten years	1,648		1,849
Securities available-for-sale, Subtotal	8,734		9,002
Securities available-for-sale, Total	8,734		9,002
Securities held-to-maturity, Due after five years through ten years	7,663		8,128
Municipal bonds
Amortized Cost
Securities available-for-sale, Due after one year through five years	3,717		3,724
Securities available-for-sale, Due after five years through ten years	8,037		6,857
Securities available-for-sale, Due after ten years	132,818		125,796
Securities available-for-sale, Subtotal	144,572		136,377
Securities available-for-sale, Total	144,572		136,377
Fair Value
Securities available-for-sale, Due after one year through five years	3,746		3,850
Securities available-for-sale, Due after five years through ten years	7,932		7,035
Securities available-for-sale, Due after ten years	120,058		124,548
Securities available-for-sale, Subtotal	131,736		135,433
Securities available-for-sale, Total	131,736		135,433
Mortgage-backed securities
Amortized Cost
Securities available-for-sale, Mortgage-backed securities	92,346		88,641
Securities available-for-sale, Total	92,346		88,641
Fair Value
Securities available-for-sale, Mortgage-backed securities	86,647		89,402
Securities available-for-sale, Total	86,647		89,402
Federal National Mortgage Association ("FNMA")
Amortized Cost
Securities available-for-sale, Mortgage-backed securities	77,518		75,171
Fair Value
Securities available-for-sale, Mortgage-backed securities	72,265		75,737
Federal Home Loan Mortgage Corporation ("FHLMC")
Amortized Cost
Securities available-for-sale, Mortgage-backed securities	9,514		9,606
Fair Value
Securities available-for-sale, Mortgage-backed securities	9,237		9,768
Government National Mortgage Association ("GNMA")
Amortized Cost
Securities available-for-sale, Mortgage-backed securities	5,314		3,864
Fair Value
Securities available-for-sale, Mortgage-backed securities	5,145		3,897
U.S. Small Business Administration securities
Amortized Cost
Securities available-for-sale, Due after one year through five years	3,453		2,485
Securities available-for-sale, Due after five years through ten years	4,951		4,420
Securities available-for-sale, Due after ten years	8,999		9,478
Securities available-for-sale, Subtotal	17,403		16,383
Securities available-for-sale, Total	17,403		16,383
Fair Value
Securities available-for-sale, Due after one year through five years	3,374		2,507
Securities available-for-sale, Due after five years through ten years	4,955		4,515
Securities available-for-sale, Due after ten years	8,868		9,530
Securities available-for-sale, Subtotal	17,197		16,552
Securities available-for-sale, Total	$ 17,197		$ 16,552

LOANS RECEIVABLE AND ALLOWANC_3

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	$ 1,821,028	$ 1,754,175	$ 1,620,435
Allowance for credit losses on loans	(23,365)	(25,635)
Total loans receivable, net	1,797,663	1,728,540
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	1,130,594	1,090,303	929,869
REAL ESTATE LOANS \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	269,517	264,429
REAL ESTATE LOANS \| Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	258,680	240,553
REAL ESTATE LOANS \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	44,394	41,017
REAL ESTATE LOANS \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	361,079	366,146
REAL ESTATE LOANS \| Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	196,924	178,158
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	444,997	422,043	381,506
CONSUMER LOANS \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	359,443	336,285
CONSUMER LOANS \| Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	82,560	82,778
CONSUMER LOANS \| Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	2,994	2,980
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	245,437	241,829	$ 309,060
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	207,480	208,552
COMMERCIAL BUSINESS LOANS \| Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	$ 37,957	$ 33,277

LOANS RECEIVABLE AND ALLOWANC_4

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)segmentdivisionitem	Dec. 31, 2021USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments \| segment	3
Number of warehouse lending divisions \| division	2
Loans that qualify as collateral for FHLB advances	$ 750,600	$ 761,600
Loans that qualify as collateral for Federal Reserve Bank lines of credit	$ 451,800	428,700
Minimum term for accrual of interest on loans to be discontinued	90 days
Unamortized costs and premiums	$ 5,200	4,900
Net discounts on acquired loans	614	751
Accrued interest receivable	$ 6,500	$ 6,300
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Units in Real Estate Property \| item	5

LOANS RECEIVABLE AND ALLOWANC_5

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Allowance for Loan Losses by Loan Categories (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
ALLOWANCE FOR LOAN LOSSES
Provision for loan losses	$ 852	$ 1,500
Loans charged-off	(523)	(541)
Recoveries	260	244
Ending balance	23,365	27,375
Period End Amount Allocated to
Loans individually evaluated for impairment		1,425
Loans collectively evaluated for impairment		25,950
Ending balance	23,365	27,375
LOANS RECEIVABLE
Loans individually evaluated for impairment		9,276
Loans collectively evaluated for impairment		1,611,159
Total loans receivable	1,821,028	1,620,435	$ 1,754,175
Cumulative Effect, Period of Adoption, Adjusted Balance
ALLOWANCE FOR LOAN LOSSES
Beginning balance	25,635	26,172
Period End Amount Allocated to
Ending balance			25,635
Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
ALLOWANCE FOR LOAN LOSSES
Beginning balance	(2,859)
Period End Amount Allocated to
Ending balance			(2,859)
Unallocated Financing Receivables [Member]
ALLOWANCE FOR LOAN LOSSES
Provision for loan losses		585
Ending balance		1,276
Period End Amount Allocated to
Loans collectively evaluated for impairment		1,276
Ending balance		1,276
Unallocated Financing Receivables [Member] \| Cumulative Effect, Period of Adoption, Adjusted Balance
ALLOWANCE FOR LOAN LOSSES
Beginning balance	21	691
Period End Amount Allocated to
Ending balance			21
Unallocated Financing Receivables [Member] \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
ALLOWANCE FOR LOAN LOSSES
Beginning balance	(21)
Period End Amount Allocated to
Ending balance			(21)
REAL ESTATE LOANS
ALLOWANCE FOR LOAN LOSSES
Provision for loan losses	996	(231)
Ending balance	10,560	13,615
Period End Amount Allocated to
Loans individually evaluated for impairment		15
Loans collectively evaluated for impairment		13,600
Ending balance	10,560	13,615
LOANS RECEIVABLE
Loans individually evaluated for impairment		2,896
Loans collectively evaluated for impairment		926,973
Total loans receivable	1,130,594	929,869	1,090,303
REAL ESTATE LOANS \| Cumulative Effect, Period of Adoption, Adjusted Balance
ALLOWANCE FOR LOAN LOSSES
Beginning balance	14,798	13,846
Period End Amount Allocated to
Ending balance			14,798
REAL ESTATE LOANS \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
ALLOWANCE FOR LOAN LOSSES
Beginning balance	(5,234)
Period End Amount Allocated to
Ending balance			(5,234)
CONSUMER LOANS
ALLOWANCE FOR LOAN LOSSES
Provision for loan losses	(303)	378
Loans charged-off	(523)	(503)
Recoveries	260	244
Ending balance	9,792	6,815
Period End Amount Allocated to
Loans individually evaluated for impairment		241
Loans collectively evaluated for impairment		6,574
Ending balance	9,792	6,815
LOANS RECEIVABLE
Loans individually evaluated for impairment		689
Loans collectively evaluated for impairment		380,817
Total loans receivable	444,997	381,506	422,043
CONSUMER LOANS \| Cumulative Effect, Period of Adoption, Adjusted Balance
ALLOWANCE FOR LOAN LOSSES
Beginning balance	4,280	6,696
Period End Amount Allocated to
Ending balance			4,280
CONSUMER LOANS \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
ALLOWANCE FOR LOAN LOSSES
Beginning balance	6,078
Period End Amount Allocated to
Ending balance			6,078
COMMERCIAL BUSINESS LOANS
ALLOWANCE FOR LOAN LOSSES
Provision for loan losses	159	768
Loans charged-off		(38)
Ending balance	3,013	5,669
Period End Amount Allocated to
Loans individually evaluated for impairment		1,169
Loans collectively evaluated for impairment		4,500
Ending balance	3,013	5,669
LOANS RECEIVABLE
Loans individually evaluated for impairment		5,691
Loans collectively evaluated for impairment		303,369
Total loans receivable	245,437	309,060	241,829
COMMERCIAL BUSINESS LOANS \| Cumulative Effect, Period of Adoption, Adjusted Balance
ALLOWANCE FOR LOAN LOSSES
Beginning balance	6,536	$ 4,939
Period End Amount Allocated to
Ending balance			6,536
COMMERCIAL BUSINESS LOANS \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
ALLOWANCE FOR LOAN LOSSES
Beginning balance	$ (3,682)
Period End Amount Allocated to
Ending balance			$ (3,682)

LOANS RECEIVABLE AND ALLOWANC_6

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Aging Analysis of Past Due Loans) (Details)	3 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan	Dec. 31, 2021USD ($)loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	$ 1,821,028,000	$ 1,620,435,000	$ 1,754,175,000
Non-Accrual	$ 6,797,000
Number of TDR loans	0		0
Number of TDRs which incurred payment default \| loan	0	0
REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	$ 1,130,594,000	$ 929,869,000	$ 1,090,303,000
Non-Accrual	1,008,000
CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	444,997,000	381,506,000	422,043,000
Non-Accrual	581,000
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	245,437,000	$ 309,060,000	241,829,000
Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	269,517,000		264,429,000
Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	258,680,000		240,553,000
Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	44,394,000		41,017,000
Non-Accrual	257,000
One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	361,079,000		366,146,000
Non-Accrual	751,000
Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	196,924,000		178,158,000
Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	359,443,000		336,285,000
Non-Accrual	524,000
Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	82,560,000		82,778,000
Non-Accrual	57,000
Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	2,994,000		2,980,000
Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	207,480,000		208,552,000
Non-Accrual	5,208,000
Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	37,957,000		33,277,000
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,683,000		2,561,000
30-59 Days Past Due \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	815,000		593,000
30-59 Days Past Due \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	868,000		1,177,000
30-59 Days Past Due \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		791,000
30-59 Days Past Due \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
30-59 Days Past Due \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
30-59 Days Past Due \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
30-59 Days Past Due \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	815,000		593,000
30-59 Days Past Due \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
30-59 Days Past Due \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	830,000		1,047,000
30-59 Days Past Due \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	28,000		119,000
30-59 Days Past Due \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	10,000		11,000
30-59 Days Past Due \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		791,000
30-59 Days Past Due \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	469,000		546,000
60-89 Days Past Due \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	239,000		264,000
60-89 Days Past Due \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	230,000		282,000
60-89 Days Past Due \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	40,000		0
60-89 Days Past Due \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	199,000		264,000
60-89 Days Past Due \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	228,000		280,000
60-89 Days Past Due \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	2,000		2,000
60-89 Days Past Due \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
60-89 Days Past Due \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	$ 1,993,000		$ 972,000
Number Of Loans Accruing Interest \| loan	0		0
90 Days or More Past Due \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	$ 693,000		$ 659,000
90 Days or More Past Due \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	213,000		313,000
90 Days or More Past Due \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,087,000		0
90 Days or More Past Due \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
90 Days or More Past Due \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
90 Days or More Past Due \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	155,000		179,000
90 Days or More Past Due \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	538,000		480,000
90 Days or More Past Due \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
90 Days or More Past Due \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	213,000		295,000
90 Days or More Past Due \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
90 Days or More Past Due \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		18,000
90 Days or More Past Due \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,087,000		0
90 Days or More Past Due \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	4,145,000		4,079,000
Past Due \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,747,000		1,516,000
Past Due \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,311,000		1,772,000
Past Due \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,087,000		791,000
Past Due \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
Past Due \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
Past Due \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	195,000		179,000
Past Due \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,552,000		1,337,000
Past Due \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
Past Due \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,271,000		1,622,000
Past Due \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	28,000		119,000
Past Due \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	12,000		31,000
Past Due \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,087,000		791,000
Past Due \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	0		0
Not Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,816,883,000		1,750,096,000
Not Past Due \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	1,128,847,000		1,088,787,000
Not Past Due \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	443,686,000		420,271,000
Not Past Due \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	244,350,000		241,038,000
Not Past Due \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	269,517,000		264,429,000
Not Past Due \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	258,680,000		240,553,000
Not Past Due \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	44,199,000		40,838,000
Not Past Due \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	359,527,000		364,809,000
Not Past Due \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	196,924,000		178,158,000
Not Past Due \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	358,172,000		334,663,000
Not Past Due \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	82,532,000		82,659,000
Not Past Due \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	2,982,000		2,949,000
Not Past Due \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	206,393,000		207,761,000
Not Past Due \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable	37,957,000		33,277,000
Non-Accrual
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	6,797,000		5,829,000
Non-Accrual \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	1,008,000		781,000
Non-Accrual \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	581,000		629,000
Non-Accrual \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	5,208,000		4,419,000
Non-Accrual \| Commercial \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	0		0
Non-Accrual \| Construction and development \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	0		0
Non-Accrual \| Home equity. \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	257,000		301,000
Non-Accrual \| One-to-four-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	751,000		480,000
Non-Accrual \| Multi-family \| REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	0		0
Non-Accrual \| Indirect home improvement \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	524,000		554,000
Non-Accrual \| Marine \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	57,000		57,000
Non-Accrual \| Other consumer loans \| CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	0		18,000
Non-Accrual \| Commercial and industrial \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	5,208,000		4,419,000
Non-Accrual \| Warehouse lending \| COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	$ 0		$ 0

LOANS RECEIVABLE AND ALLOWANC_7

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Financing Receivables, Related Allowance Recorded and No Related Allowance Recorded (Details) $ in Thousands	Dec. 31, 2021USD ($)
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	$ 756
Unpaid Principal Balance, with an allowance recorded	5,134
Impaired Financing Receivable, Unpaid Principal Balance, Total	5,890
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	707
Recorded Investment, with an allowance recorded	5,122
Recorded Investment	5,829
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with no related allowance recorded	0
Related Allowance, with an allowance recorded	1,163
Related Allowance	1,163
REAL ESTATE LOANS \| Home equity.
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	259
Unpaid Principal Balance, with an allowance recorded	92
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	227
Recorded Investment, with an allowance recorded	74
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with no related allowance recorded	0
Related Allowance, with an allowance recorded	23
REAL ESTATE LOANS \| One-to-four-family
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with no related allowance recorded	497
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with no related allowance recorded	480
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with no related allowance recorded	0
CONSUMER LOANS \| Indirect home improvement
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with an allowance recorded	551
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with an allowance recorded	554
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with an allowance recorded	193
CONSUMER LOANS \| Marine
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with an allowance recorded	56
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with an allowance recorded	57
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with an allowance recorded	20
CONSUMER LOANS \| Other consumer loans
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with an allowance recorded	18
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with an allowance recorded	18
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with an allowance recorded	6
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Impaired Financing Receivable, Unpaid Principal Balance [Abstract]
Unpaid Principal Balance, with an allowance recorded	4,417
Impaired Financing Receivable, Recorded Investment [Abstract]
Recorded Investment, with an allowance recorded	4,419
Impaired Financing Receivable Related Allowance Abstract
Related Allowance, with an allowance recorded	$ 921

LOANS RECEIVABLE AND ALLOWANC_8

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Average Recorded Investment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with no related allowance recorded	$ 3,045
Average Recorded Investment, with an allowance recorded	6,563
Average Recorded Investment	9,608
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with no related allowance recorded	4
Interest Income Recognized, with an allowance recorded	15
Interest Income Recognized	19
REAL ESTATE LOANS \| Commercial
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with no related allowance recorded	0
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with no related allowance recorded	0
REAL ESTATE LOANS \| Construction and development
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with no related allowance recorded	1,850
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with no related allowance recorded	0
REAL ESTATE LOANS \| Home equity.
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with no related allowance recorded	652
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with no related allowance recorded	2
REAL ESTATE LOANS \| One-to-four-family
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with no related allowance recorded	543
Average Recorded Investment, with an allowance recorded	60
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with no related allowance recorded	2
Interest Income Recognized, with an allowance recorded	0
CONSUMER LOANS \| Indirect home improvement
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with an allowance recorded	786
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with an allowance recorded	14
CONSUMER LOANS \| Marine
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with an allowance recorded	36
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with an allowance recorded	1
CONSUMER LOANS \| Other consumer loans
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with an allowance recorded	3
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with an allowance recorded	0
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Impaired Financing Receivable, Average Recorded Investment [Abstract]
Average Recorded Investment, with an allowance recorded	5,678
Impaired Financing Receivable, Interest Income [Abstract]
Interest Income Recognized, with an allowance recorded	$ 0

LOANS RECEIVABLE AND ALLOWANC_9

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Risk Rated Loan Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
2022	$ 149,140
2021	654,164
2020	355,129
2019	201,555
2018	84,499
Prior	203,862
Revolving Loans	172,679
Total loans receivable	1,821,028	$ 1,754,175	$ 1,620,435
Pass
Financing Receivable, Recorded Investment [Line Items]
2022	148,795
2021	652,921
2020	353,455
2019	196,469
2018	81,324
Prior	192,297
Revolving Loans	170,331
Total loans receivable	1,795,592	1,719,659
Watch
Financing Receivable, Recorded Investment [Line Items]
2020	222
2019	449
2018	594
Prior	372
Revolving Loans	940
Total loans receivable	2,577	8,834
Special Mention
Financing Receivable, Recorded Investment [Line Items]
2022	345
2020	1,357
2019	306
2018	1,999
Prior	5,275
Revolving Loans	486
Total loans receivable	9,768	7,598
Substandard
Financing Receivable, Recorded Investment [Line Items]
2021	1,243
2020	95
2019	4,331
2018	582
Prior	5,918
Revolving Loans	922
Total loans receivable	13,091	18,084
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
2022	82,567
2021	439,680
2020	245,200
2019	144,334
2018	43,651
Prior	146,379
Total loans receivable	1,130,594	1,090,303	929,869
REAL ESTATE LOANS \| Commercial
Financing Receivable, Recorded Investment [Line Items]
2022	10,492
2021	78,064
2020	51,465
2019	43,238
2018	15,664
Prior	70,594
Total loans receivable	269,517	264,429
REAL ESTATE LOANS \| Construction and development
Financing Receivable, Recorded Investment [Line Items]
2022	32,629
2021	145,121
2020	61,757
2019	18,441
Prior	732
Total loans receivable	258,680	240,553
REAL ESTATE LOANS \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
2022	2,584
2021	2,099
2020	7,193
2019	3
2018	1,485
Prior	2,247
Revolving Loans	28,783
Total loans receivable	44,394	41,017
REAL ESTATE LOANS \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
2022	17,592
2021	150,822
2020	90,638
2019	34,097
2018	21,854
Prior	46,076
Total loans receivable	361,079	366,146
REAL ESTATE LOANS \| Multi-family
Financing Receivable, Recorded Investment [Line Items]
2022	19,270
2021	63,574
2020	34,147
2019	48,555
2018	4,648
Prior	26,730
Total loans receivable	196,924	178,158
REAL ESTATE LOANS \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		1,076,201
REAL ESTATE LOANS \| Pass \| Commercial
Financing Receivable, Recorded Investment [Line Items]
2022	10,492
2021	78,064
2020	51,243
2019	42,521
2018	15,070
Prior	65,267
Total loans receivable	262,657	253,092
REAL ESTATE LOANS \| Pass \| Construction and development
Financing Receivable, Recorded Investment [Line Items]
2022	32,629
2021	145,121
2020	61,757
2019	18,441
Prior	732
Total loans receivable	258,680	240,553
REAL ESTATE LOANS \| Pass \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
2022	2,584
2021	2,099
2020	7,193
2018	1,371
Prior	2,104
Revolving Loans	28,783
Total loans receivable	44,134	40,716
REAL ESTATE LOANS \| Pass \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
2022	17,592
2021	150,822
2020	90,638
2019	34,097
2018	19,738
Prior	45,470
Total loans receivable	358,357	363,682
REAL ESTATE LOANS \| Pass \| Multi-family
Financing Receivable, Recorded Investment [Line Items]
2022	19,270
2021	63,574
2020	34,147
2019	48,555
2018	4,648
Prior	26,730
Total loans receivable	196,924	178,158
REAL ESTATE LOANS \| Watch
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		4,652
REAL ESTATE LOANS \| Watch \| Commercial
Financing Receivable, Recorded Investment [Line Items]
2020	222
2019	411
2018	594
Prior	133
Total loans receivable	1,360	4,652
REAL ESTATE LOANS \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		5,769
REAL ESTATE LOANS \| Special Mention \| Commercial
Financing Receivable, Recorded Investment [Line Items]
2019	306
Prior	5,194
Total loans receivable	5,500	5,769
REAL ESTATE LOANS \| Special Mention \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
2018	1,971
Total loans receivable	1,971
REAL ESTATE LOANS \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		3,681
REAL ESTATE LOANS \| Substandard \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		916
REAL ESTATE LOANS \| Substandard \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
2019	3
2018	114
Prior	143
Total loans receivable	260	301
REAL ESTATE LOANS \| Substandard \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
2018	145
Prior	606
Total loans receivable	751	2,464
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
2022	59,170
2021	170,607
2020	86,469
2019	49,909
2018	36,150
Prior	40,777
Revolving Loans	1,915
Total loans receivable	444,997	422,043	381,506
CONSUMER LOANS \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
2022	53,224
2021	152,957
2020	60,926
2019	39,948
2018	23,206
Prior	29,170
Revolving Loans	12
Total loans receivable	359,443	336,285
CONSUMER LOANS \| Marine
Financing Receivable, Recorded Investment [Line Items]
2022	5,610
2021	17,335
2020	25,380
2019	9,931
2018	12,889
Prior	11,415
Total loans receivable	82,560	82,778
CONSUMER LOANS \| Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
2022	336
2021	315
2020	163
2019	30
2018	55
Prior	192
Revolving Loans	1,903
Total loans receivable	2,994	2,980
CONSUMER LOANS \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		421,414
CONSUMER LOANS \| Pass \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
2022	53,224
2021	152,815
2020	60,831
2019	39,858
2018	23,132
Prior	29,045
Revolving Loans	12
Total loans receivable	358,917	335,731
CONSUMER LOANS \| Pass \| Marine
Financing Receivable, Recorded Investment [Line Items]
2022	5,610
2021	17,335
2020	25,380
2019	9,931
2018	12,889
Prior	11,358
Total loans receivable	82,503	82,721
CONSUMER LOANS \| Pass \| Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
2022	336
2021	315
2020	163
2019	30
2018	55
Prior	192
Revolving Loans	1,903
Total loans receivable	2,994	2,962
CONSUMER LOANS \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		629
CONSUMER LOANS \| Substandard \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
2021	142
2020	95
2019	90
2018	74
Prior	125
Total loans receivable	526	554
CONSUMER LOANS \| Substandard \| Marine
Financing Receivable, Recorded Investment [Line Items]
Prior	57
Total loans receivable	57	57
CONSUMER LOANS \| Substandard \| Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		18
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
2022	7,403
2021	43,877
2020	23,460
2019	7,312
2018	4,698
Prior	16,706
Revolving Loans	141,981
Total loans receivable	245,437	241,829	$ 309,060
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2022	7,403
2021	43,877
2020	23,460
2019	7,312
2018	4,698
Prior	16,706
Revolving Loans	104,024
Total loans receivable	207,480	208,552
COMMERCIAL BUSINESS LOANS \| Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Revolving Loans	37,957
Total loans receivable	37,957	33,277
COMMERCIAL BUSINESS LOANS \| Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		222,044
COMMERCIAL BUSINESS LOANS \| Pass \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2022	7,058
2021	42,776
2020	22,103
2019	3,036
2018	4,421
Prior	11,399
Revolving Loans	101,676
Total loans receivable	192,469	188,767
COMMERCIAL BUSINESS LOANS \| Pass \| Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Revolving Loans	37,957
Total loans receivable	37,957	33,277
COMMERCIAL BUSINESS LOANS \| Watch
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		4,182
COMMERCIAL BUSINESS LOANS \| Watch \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2019	38
Prior	239
Revolving Loans	940
Total loans receivable	1,217	4,182
COMMERCIAL BUSINESS LOANS \| Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		1,829
COMMERCIAL BUSINESS LOANS \| Special Mention \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2022	345
2020	1,357
2018	28
Prior	81
Revolving Loans	486
Total loans receivable	2,297	1,829
COMMERCIAL BUSINESS LOANS \| Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable		13,774
COMMERCIAL BUSINESS LOANS \| Substandard \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
2021	1,101
2019	4,238
2018	249
Prior	4,987
Revolving Loans	922
Total loans receivable	$ 11,497	$ 13,774

LOANS RECEIVABLE AND ALLOWAN_10

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Amortized Cost Basis of Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	$ 2,095
Nonaccrual with Allowance for Credit Losses	4,702
Total Nonaccrual	6,797
Recognized interest income on nonaccrual loans	98	$ 19
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	1,008
Total Nonaccrual	1,008
REAL ESTATE LOANS \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	257
Total Nonaccrual	257
REAL ESTATE LOANS \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	751
Total Nonaccrual	751
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	581
Total Nonaccrual	581
CONSUMER LOANS \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	524
Total Nonaccrual	524
CONSUMER LOANS \| Marine
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	57
Total Nonaccrual	57
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	1,087
Nonaccrual with Allowance for Credit Losses	4,121
Total Nonaccrual	$ 5,208

LOANS RECEIVABLE AND ALLOWAN_11

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Amortized Cost Basis of Collateral Dependent Impaired Loans (Details) $ in Thousands	Mar. 31, 2022USD ($)
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	$ 6,797
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	2,095
Equipment
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	4,702
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,008
REAL ESTATE LOANS \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	257
REAL ESTATE LOANS \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	751
REAL ESTATE LOANS \| Real Estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,008
REAL ESTATE LOANS \| Real Estate \| Home equity.
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	257
REAL ESTATE LOANS \| Real Estate \| One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	751
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	581
CONSUMER LOANS \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	524
CONSUMER LOANS \| Marine
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	57
CONSUMER LOANS \| Equipment
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	581
CONSUMER LOANS \| Equipment \| Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	524
CONSUMER LOANS \| Equipment \| Marine
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	57
COMMERCIAL BUSINESS LOANS \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	5,208
COMMERCIAL BUSINESS LOANS \| Real Estate \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,087
COMMERCIAL BUSINESS LOANS \| Equipment \| Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	$ 4,121

SERVICING RIGHTS - Narrative (D

SERVICING RIGHTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractually specified servicing fees, late fees, and other ancillary fees	$ 1.7	$ 1.4
Mortgage servicing rights.
Off-balance Sheet Risks, Disclosure Information [Line Items]
The unpaid principal balances of mortgage loans serviced	2,750		$ 2,610
Fair market value of servicing rights' assets	$ 32.1		$ 26.1

SERVICING RIGHTS - Servicing Ri

SERVICING RIGHTS - Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance, at the lower of cost or fair value	$ 16,970	$ 12,595
Additions	2,550	3,144
Servicing rights amortized	(1,480)	(2,054)
Recovery of servicing rights	1	2,050
Ending balance, at the lower of cost or fair value	$ 18,041	$ 15,735

SERVICING RIGHTS - Valuation As

SERVICING RIGHTS - Valuation Assumptions (Details) - Mortgage servicing rights.	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Off-balance Sheet Risks, Disclosure Information [Line Items]
Weighted average discount rate	9.10%	9.10%
Conditional prepayment rate ("CPR")	9.50%	13.80%
Weighted average life in years	7 years 4 months 24 days	5 years 10 months 24 days

SERVICING RIGHTS - Changes in V

SERVICING RIGHTS - Changes in Valuation Assumptions (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Off-balance Sheet Risks, Disclosure Information [Line Items]
Basis Points Drop in Rate, Assumption One	0.50%	0.50%
Basis Points Drop in Rate, Assumption Two	1.00%	1.00%
Mortgage servicing rights.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Aggregate portfolio principal balance	$ 2,753,477	$ 2,609,776
Weighted average rate of note	3.20%	3.20%
Conditional prepayment rate	9.50%	13.80%
Conditional prepayment rate, 0.5% Adverse Change	10.50%	20.00%
Conditional prepayment rate, 1.0% Adverse Change	12.70%	31.50%
Fair value MSR	$ 32,140	$ 26,070
Fair value MSR, 0.5% Adverse Change	30,931	21,188
Fair value of MSR, 1.0% Adverse Change	$ 28,475	$ 15,348
Percentage of MSR	1.20%	1.00%
Percentage of MSR, 0.5% Adverse Change	1.10%	0.80%
Percentage of MSR, 1.0% Adverse Change	1.00%	0.60%
Discount rate	9.10%	9.10%
Discount rate, 0.5% Adverse Change	9.60%	9.60%
Discount rate, 1.0% Adverse Change	10.10%	10.10%
Fair value MSR, 0.5% Adverse Change	$ 31,464	$ 25,586
Fair value MSR, 1.0% Adverse Change	$ 30,813	$ 25,119
Percentage of MSR, 0.5% Adverse Change	1.10%	1.00%
Percentage of MSR, 1.0% Adverse Change	1.10%	1.00%

DERIVATIVES (Details)

DERIVATIVES (Details)	3 Months Ended
DERIVATIVES (Details)	Mar. 31, 2022USD ($)security	Mar. 31, 2021USD ($)
Derivative [Line Items]
Reclassification of loss to interest expense related to cash flow hedges	$ (101,000)	$ (114,000)
Reclassification to interest expense related to cash flow hedges over next 12 months	943,000
Derivative instruments, (loss) gain on sale of loans	$ (238,000)	(931,000)
Cash Flow Hedges \| Asset pledged as collateral
Derivative [Line Items]
Number of securities pledged \| security	2
Carrying value of assets pledged	$ 2,800,000
Not Designated as Hedging Instrument \| Mortgage-backed securities
Derivative [Line Items]
Margin collateral	$ 305,000	$ 305,000

DERIVATIVES - Derivative instru

DERIVATIVES - Derivative instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Designated as Hedging Instrument \| Interest rate swaps \| Cash Flow Hedges
Derivative [Line Items]
Notional	$ 90,000	$ 90,000
Fair Value, Asset	3,941	1,168
Fair Value, Liability	0	155
Not Designated as Hedging Instrument \| Interest rate lock commitments with customers
Derivative [Line Items]
Notional	82,592	71,890
Fair Value, Asset	250	757
Fair Value, Liability	0	0
Not Designated as Hedging Instrument \| Mandatory and best effort forward commitments
Derivative [Line Items]
Notional	33,255	74,375
Fair Value, Asset	885	808
Fair Value, Liability	0	0
Not Designated as Hedging Instrument \| Mortgage-backed securities
Derivative [Line Items]
Notional	81,000	111,000
Not Designated as Hedging Instrument \| Forward TBA mortgage-backed securities
Derivative [Line Items]
Notional	81,000	111,000
Fair Value, Asset	1,706	53
Fair Value, Liability	$ 0	$ 0

LEASES (Details)

LEASES (Details)	3 Months Ended
LEASES (Details)	Mar. 31, 2022
Lessee, Lease, Description [Line Items]
Options to extend	true
Renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	8 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	8 years 3 months

LEASES - Components of lease co

LEASES - Components of lease cost and Supplemental information related to operating leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease cost:
Operating lease cost	$ 343	$ 348
Short-term lease cost	1	1
Total lease cost	344	349
Operating cash flows from operating leases	$ 346	$ 349
Weighted average remaining lease term- operating leases	4 years 9 months 18 days	5 years 1 month 6 days
Weighted average discount rate- operating leases	2.06%	2.33%

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Maturities of operating lease liabilities
2022	$ 1,065
2023	1,226
2024	1,173
2025	861
2026	737
Thereafter	688
Total lease payments	5,750
Less imputed interest	(344)
Total	$ 5,406	$ 4,792

OTHER REAL ESTATE OWNED (OREO_2

OTHER REAL ESTATE OWNED (OREO) - Activity related to OREO (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Real Estate [Roll Forward]
Beginning balance	$ 0	$ 90
Additions
Gross proceeds from sale of OREO		(81)
Loss on sale of OREO		(9)
Ending balance	$ 0	$ 0

OTHER REAL ESTATE OWNED (OREO_3

OTHER REAL ESTATE OWNED (OREO) - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)property	Mar. 31, 2021USD ($)property
OTHER REAL ESTATE OWNED ("OREO")
Number of OREO Properties \| property	0	0
Holding costs	$ 0	$ 0
Mortgage loans in process of foreclosure	$ 755

DEPOSITS - Deposit Liabilities

DEPOSITS - Deposit Liabilities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
OTHER REAL ESTATE OWNED ("OREO")
Noninterest-bearing checking	$ 449,075,000	$ 443,133,000
Interest-bearing checking	329,938,000	349,251,000
Savings	198,184,000	193,922,000
Money market	545,442,000	552,357,000
Certificates of deposit less than $100,000	210,984,000	186,974,000
Certificates of deposit of $100,000 through $250,000	107,429,000	116,206,000
Certificates of deposit of $250,000 and over	52,669,000	57,512,000
Escrow accounts related to mortgages serviced	26,067,000	16,389,000
Total deposits	1,919,788,000	1,915,744,000
Interest-bearing domestic deposit, brokered deposits	60,000,000	90,000,000
Deposits, money market deposits, brokered deposits	241,000	5,000,000
Certificates of deposits less than 100000 brokered deposits	$ 127,600,000	$ 97,600,000

DEPOSITS - Maturities of Time D

DEPOSITS - Maturities of Time Deposits for Future Periods (Details) $ in Thousands	Mar. 31, 2022USD ($)
OTHER REAL ESTATE OWNED ("OREO")
Maturing in 2022	$ 199,402
Maturing in 2023	65,635
Maturing in 2024	34,382
Maturing in 2025	56,961
Maturing in 2026	14,103
Thereafter	599
Total	$ 371,082

DEPOSITS - Interest Expense by

DEPOSITS - Interest Expense by Deposit Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OTHER REAL ESTATE OWNED ("OREO")
Interest-bearing checking	$ 161	$ 50
Savings and money market	383	468
Certificates of deposit	741	1,464
Total	$ 1,285	$ 1,982

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Commitment (Details) - Commitments to Extend Credit - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 616,158	$ 558,631
REAL ESTATE LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	404,422	332,378
Commercial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	559	787
Construction and development
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	217,274	182,297
One-to-four-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	111,160	78,264
Home equity.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	71,964	67,596
Multi-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	3,465	3,434
CONSUMER LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	38,692	35,873
COMMERCIAL BUSINESS LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	173,044	190,380
Commercial and industrial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	119,528	126,220
Warehouse lending
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 53,516	$ 64,160

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	3 Months Ended
COMMITMENTS AND CONTINGENCIES - Narrative (Details)	Mar. 31, 2022USD ($)action	Dec. 31, 2021USD ($)
Loss Contingencies [Line Items]
Amount of loans sold to FHLB	$ 11,700,000
Federal Home Loan Bank, First Loss Account Established	938,000
Bank recourse obligation	$ 811,000
Bank recourse obligation, percentage of loans outstanding	6.90%
Reserve as a percentage of outstanding CE	10.00%
Reserve for loans sold to FHLB	$ 81,000
Outstanding delinquencies on loans sold to Federal Home Loan Bank	$ 0	$ 0
Change of control agreement, executive payment, period following change in control (in months)	12 months
Pending material legal actions \| action	0
Allowance for unfunded loan commitments	$ 3,100,000	499,000
CEO
Loss Contingencies [Line Items]
Severance agreement, period of base compensation disbursed as lump sum payment (in months)	24 months
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, period of base compensation disbursed as lump sum payment (in months)	12 months
Minimum
Loss Contingencies [Line Items]
Change of control agreement, notice required to cancel agreement (in months)	24 months
Guarantee on loans sold
Loss Contingencies [Line Items]
Reserve for estimated losses	$ 2,600,000	$ 2,700,000

FAIR VALUE MEASUREMENTS - Avail

FAIR VALUE MEASUREMENTS - Available for Sale Securities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	$ 14,918	$ 16,083
Level 2 \| Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	14,900	16,100
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	327,074	416,038
Total liabilities measured at fair value	0	(155)
Fair Value, Measurements, Recurring \| Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	42,068	125,810
Fair Value, Measurements, Recurring \| Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	14,918	16,083
Fair Value, Measurements, Recurring \| Securities available-for-sale. \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	18,992	20,970
Fair Value, Measurements, Recurring \| Securities available-for-sale. \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	8,734	9,002
Fair Value, Measurements, Recurring \| Securities available-for-sale. \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	131,736	135,433
Fair Value, Measurements, Recurring \| Securities available-for-sale. \| Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	86,647	89,402
Fair Value, Measurements, Recurring \| Securities available-for-sale. \| U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	17,197	16,552
Fair Value, Measurements, Recurring \| Derivative \| Mandatory and best effort forward commitments with investors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	885	808
Fair Value, Measurements, Recurring \| Derivative \| Forward TBA mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,706	53
Fair Value, Measurements, Recurring \| Derivative \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	3,941	1,168
Total liabilities measured at fair value		(155)
Fair Value, Measurements, Recurring \| Derivative \| Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	250	757
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Securities available-for-sale. \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Securities available-for-sale. \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Securities available-for-sale. \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Securities available-for-sale. \| Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Securities available-for-sale. \| U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Derivative \| Mandatory and best effort forward commitments with investors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Derivative \| Forward TBA mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Derivative \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value		0
Fair Value, Measurements, Recurring \| Level 1 \| Derivative \| Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	324,818	413,335
Total liabilities measured at fair value	0	(155)
Fair Value, Measurements, Recurring \| Level 2 \| Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	42,068	125,810
Fair Value, Measurements, Recurring \| Level 2 \| Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	14,918	16,083
Fair Value, Measurements, Recurring \| Level 2 \| Securities available-for-sale. \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	18,992	20,970
Fair Value, Measurements, Recurring \| Level 2 \| Securities available-for-sale. \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	7,734	7,995
Fair Value, Measurements, Recurring \| Level 2 \| Securities available-for-sale. \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	131,615	135,302
Fair Value, Measurements, Recurring \| Level 2 \| Securities available-for-sale. \| Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	86,647	89,402
Fair Value, Measurements, Recurring \| Level 2 \| Securities available-for-sale. \| U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	17,197	16,552
Fair Value, Measurements, Recurring \| Level 2 \| Derivative \| Mandatory and best effort forward commitments with investors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Derivative \| Forward TBA mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,706	53
Fair Value, Measurements, Recurring \| Level 2 \| Derivative \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	3,941	1,168
Total liabilities measured at fair value		(155)
Fair Value, Measurements, Recurring \| Level 2 \| Derivative \| Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	2,256	2,703
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Securities available-for-sale. \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Securities available-for-sale. \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,000	1,007
Fair Value, Measurements, Recurring \| Level 3 \| Securities available-for-sale. \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	121	131
Fair Value, Measurements, Recurring \| Level 3 \| Securities available-for-sale. \| Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Securities available-for-sale. \| U.S. Small Business Administration securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Derivative \| Mandatory and best effort forward commitments with investors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	885	808
Fair Value, Measurements, Recurring \| Level 3 \| Derivative \| Forward TBA mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Derivative \| Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value		0
Fair Value, Measurements, Recurring \| Level 3 \| Derivative \| Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 250	$ 757

FAIR VALUE MEASUREMENTS - Loans

FAIR VALUE MEASUREMENTS - Loans Individually Evaluated and Servicing Rights (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated	$ 6,797	$ 5,829
Servicing rights.	32,140	26,070
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated	0	0
Servicing rights.	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated	0	0
Servicing rights.	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans individually evaluated	6,797	5,829
Servicing rights.	$ 32,140	$ 26,070

FAIR VALUE MEASUREMENTS - Disco

FAIR VALUE MEASUREMENTS - Discount Rate (Details)	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Measurements, Recurring \| Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	fsbw:QuotedMarketPricesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:MeasurementInputPullThroughExpectationsMember
Fair Value, Measurements, Recurring \| Individual forward sale commitments with investors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	fsbw:QuotedMarketPricesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:MeasurementInputPullThroughExpectationsMember
Fair Value, Measurements, Recurring \| Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	us-gaap:MeasurementInputDiscountRateMember
Fair Value, Measurements, Recurring \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	us-gaap:MeasurementInputDiscountRateMember
Fair Value, Measurements, Nonrecurring \| Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	fsbw:FairValueOfUnderlyingCollateralMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:MeasurementInputDiscountAppliedToObtainedAppraisalMember
Fair Value, Measurements, Nonrecurring \| Servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Valuation Technique [Extensible List]	fsbw:IndustrySourcesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:PrepaymentSpeedsMember
Level 3 \| Fair Value, Measurements, Recurring \| Interest rate lock commitments with customers \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.80	0.80
Level 3 \| Fair Value, Measurements, Recurring \| Interest rate lock commitments with customers \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.99	0.99
Level 3 \| Fair Value, Measurements, Recurring \| Interest rate lock commitments with customers \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.935	0.933
Level 3 \| Fair Value, Measurements, Recurring \| Individual forward sale commitments with investors \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.80	0.80
Level 3 \| Fair Value, Measurements, Recurring \| Individual forward sale commitments with investors \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.99	0.99
Level 3 \| Fair Value, Measurements, Recurring \| Individual forward sale commitments with investors \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.935	0.933
Level 3 \| Fair Value, Measurements, Recurring \| Corporate securities \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.022	0.022
Level 3 \| Fair Value, Measurements, Recurring \| Corporate securities \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.027	0.027
Level 3 \| Fair Value, Measurements, Recurring \| Corporate securities \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.027	0.022
Level 3 \| Fair Value, Measurements, Recurring \| Municipal bonds \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.060	0.060
Level 3 \| Fair Value, Measurements, Recurring \| Municipal bonds \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.062	0.062
Level 3 \| Fair Value, Measurements, Recurring \| Municipal bonds \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.062	0.060
Level 3 \| Fair Value, Measurements, Nonrecurring \| Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.100	0.100
Level 3 \| Fair Value, Measurements, Nonrecurring \| Impaired Loans \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.100	0.100
Level 3 \| Fair Value, Measurements, Nonrecurring \| Servicing rights \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0	0
Level 3 \| Fair Value, Measurements, Nonrecurring \| Servicing rights \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.50	0.50
Level 3 \| Fair Value, Measurements, Nonrecurring \| Servicing rights \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement inputs (as a percent)	0.095	0.138

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value Level 3 on recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest rate lock commitments with customers
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 757	$ 4,024
Purchases and Issuances	2,095	7,691
Sales and Settlements	(2,602)	(9,730)
Ending Balance	250	1,985
Net change in fair value for gains/(losses) relating to items held at end of period included in income	507	(2,039)
Individual forward sale commitments with investors
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	808	(67)
Purchases and Issuances	2,143	654
Sales and Settlements	(2,066)	(81)
Ending Balance	885	506
Net change in fair value for gains/(losses) relating to items held at end of period included in income	77	573
Securities available-for-sale.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	1,138	1,111
Purchases and Issuances		21
Sales and Settlements	(17)	(3)
Ending Balance	1,121	1,129
Net change in fair value for gains/(losses) relating to items held at end of period included in other comprehensive	$ (17)	$ 21

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair Value By Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets
Certificates of deposit at other financial institutions	$ 8,177	$ 10,542
Securities available-for-sale, at fair value	263,306	271,359
Securities held-to-maturity	7,500	7,500
Loans held for sale, at fair value	42,068	125,810
Loans receivable, gross	14,918	16,083
Carrying Amount \| Level 1
Financial Assets
Cash and cash equivalents	29,606	26,491
Certificates of deposit at other financial institutions	8,177	10,542
Carrying Amount \| Level 2
Financial Assets
Securities available-for-sale, at fair value	262,185	270,221
Securities held-to-maturity	7,500	7,500
Loans held for sale, at fair value	42,068	125,810
FHLB stock, at cost	4,666	4,778
Forward TBA mortgage-backed securities	1,706	53
Interest rate swaps	3,941	1,168
Accrued interest receivable	8,436	7,594
Loans receivable, gross	14,918	16,083
Financial Liabilities
Deposits	1,919,788	1,915,744
Borrowings	35,528	42,528
Subordinated notes, excluding unamortized debt issuance costs	50,000	50,000
Accrued interest payable	280	766
Interest rate swaps		155
Carrying Amount \| Level 3
Financial Assets
Securities available-for-sale, at fair value	1,121	1,138
Loans receivable, gross	1,806,110	1,738,092
Servicing rights, held at lower of cost or fair value	18,041	16,970
Fair value interest rate locks with customers	250	757
Mandatory and best effort forward commitments with investors	885	808
Fair Value \| Level 1
Financial Assets
Cash and cash equivalents	29,606	26,491
Certificates of deposit at other financial institutions	8,177	10,542
Fair Value \| Level 2
Financial Assets
Securities available-for-sale, at fair value	262,185	270,221
Securities held-to-maturity	7,663	8,128
Loans held for sale, at fair value	42,068	125,810
FHLB stock, at cost	4,666	4,778
Forward TBA mortgage-backed securities	1,706	53
Interest rate swaps	3,941	1,168
Accrued interest receivable	8,436	7,594
Loans receivable, gross	14,918	16,083
Financial Liabilities
Deposits	1,908,324	1,912,498
Borrowings	35,714	43,365
Subordinated notes, excluding unamortized debt issuance costs	49,000	51,688
Accrued interest payable	280	766
Interest rate swaps		155
Fair Value \| Level 3
Financial Assets
Securities available-for-sale, at fair value	1,121	1,138
Loans receivable, gross	1,801,329	1,725,651
Servicing rights, held at lower of cost or fair value	32,140	26,070
Fair value interest rate locks with customers	250	757
Mandatory and best effort forward commitments with investors	$ 885	$ 808

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($)	Jan. 01, 2012	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2012	Dec. 31, 2021
EMPLOYEE BENEFITS
Number of hours of service required for participation in ESOP, per first 12 month period (in hours)	1000 hours
Vesting percentage after requisite service period is met (as a percent)	100.00%
Requisite service period (in years)	2 years
Employee stock ownership plan (ESOP), requisite service period (in hours)	1000 hours
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan, Amount				$ 2,600,000
Employee stock ownership plan shares purchased				518,420
Employee stock ownership plan (ESOP), weighted average purchase price of shares purchased (in dollars per share)				$ 5.09
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					$ 288,000
Employee stock ownership plan (ESOP), interest payments from esop					$ 7,000
ESOP compensation expense for allocated shares		$ 0	$ 402,000

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) $ / shares in Units, $ in Thousands	Jul. 14, 2021	Mar. 31, 2022USD ($)$ / sharesshares	Mar. 31, 2021USD ($)$ / sharesshares
Numerator (in thousands):
Net Income \| $		$ 6,870	$ 11,883
Dividends and undistributed earnings allocated to participating securities \| $		(127)	(170)
Net income available to common shareholders \| $		$ 6,743	$ 11,713
Denominator (shown as actual):
Basic weighted average common shares outstanding (in shares)		8,145,138	8,430,752
Dilutive shares (in shares)		149,828	247,416
Diluted weighted average common shares outstanding (in shares)		8,294,966	8,678,168
Basic earnings per share (in dollars per share) \| $ / shares		$ 0.83	$ 1.39
Diluted earnings per share (in dollars per share) \| $ / shares		$ 0.81	$ 1.35
Potentially dilutive weighted average share options that were not included in the computation of diluted earnings per share because to do so would be anti-dilutive		45,564	10,588
Stock split, conversion ratio	2

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details)	Jul. 14, 2021	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Dec. 31, 2021	May 17, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual life		10 years
Stock split, conversion ratio	2
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense \| $		$ 451,000	$ 295,000
Expected term in years				7 years 2 months 1 day
Remaining weighted-average vesting period		6 years 11 months 19 days
2018 Equity Incentive Plan \| Equity option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual life		10 years
Shares available for grant		441,296
Unrecognized compensation cost, nonvested awards \| $		$ 1,900,000
Remaining weighted-average vesting period		3 years 3 months 18 days
2018 Equity Incentive Plan \| Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					326,000
Shares available for grant		144,460
Unrecognized compensation cost, nonvested awards \| $		$ 2,700,000
2018 Equity Incentive Plan \| Restricted stock awards \| Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
2018 Equity Incentive Plan \| Equity option and restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					1,300,000
Maximum \| 2018 Equity Incentive Plan \| Restricted stock awards \| Independent Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Minimum \| 2018 Equity Incentive Plan \| Restricted stock awards \| Independent Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
One year vesting \| 2018 Equity Incentive Plan \| Equity option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term in years		5 years 6 months
One year vesting \| 2018 Equity Incentive Plan \| Equity option \| Directors Excluding CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
One year vesting \| Minimum \| 2018 Equity Incentive Plan \| Equity option \| Directors Excluding CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
Three year vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Expected term in years		6 years
Three year vesting \| 2018 Equity Incentive Plan \| Equity option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual award vesting percentage		20.00%
Three year vesting \| 2018 Equity Incentive Plan \| Equity option \| Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years
Three year vesting \| Maximum \| 2018 Equity Incentive Plan \| Equity option \| Directors Excluding CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Five year vesting \| 2018 Equity Incentive Plan \| Equity option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term in years		6 years 6 months
Five year vesting \| 2018 Equity Incentive Plan \| Equity option \| Directors Excluding CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		5 years

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Activity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Shares
Award contractual life	10 years
Equity option
Shares
Expected forfeiture rate over contractual term	3.10%
2018 Equity Incentive Plan
Shares
Outstanding, beginning balance (in shares)	613,626
Less exercised (in shares)	12,680
Outstanding, ending balance (in shares)	600,946	613,626
Expected to vest, assuming a 0.31% annual forfeiture rate (in shares)	599,182
Exercisable (in shares)	249,142
Annual forfeiture rate	0.31%
Weighted-Average Exercise Price
Outstanding, beginning balance (in dollars per share)	$ 25.24
Less exercised (in dollars per share)	14.73
Outstanding, ending balance (in dollars per share)	25.47	$ 25.24
Expected to vest, assuming a 0.31% annual forfeiture rate (in dollars per share)	25.46
Exercisable (in dollars per share)	$ 21.29
Weighted-Average Remaining Contractual Term In Years
Outstanding, beginning balance		7 years 2 months 1 day
Outstanding, ending balance	6 years 11 months 19 days
Expected to vest, assuming a 0.31% annual forfeiture rate, Weighted Average Remaining Contractual Term	6 years 11 months 15 days
Exercisable	5 years 4 months 9 days
Aggregate Intrinsic Value
Beginning balance	$ 5,362,902
Less exercised	227,948
Ending balance	3,855,397	$ 5,362,902
Expected to vest, assuming a 0.31% annual forfeiture rate	3,848,062
Exercisable	$ 2,418,267
2018 Equity Incentive Plan \| Equity option
Shares
Award contractual life	10 years
Weighted-Average Remaining Contractual Term In Years
Outstanding, ending balance	3 years 3 months 18 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Awards (Details) - Restricted stock awards	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Nonvested, Beginning balance (in shares) \| shares	121,672
Granted (shares) \| shares	0
Less vested (in shares) \| shares	0
Forfeited or expired ( in shares) \| shares	0
Nonvested, Ending balance (in shares) \| shares	121,672
Weighted-Average Grant-Date Fair Value Per Share
Nonvested, Beginning balance (in dollars per share) \| $ / shares	$ 28.02
Granted (in dollars per share) \| $ / shares	0
Less vested (in dollars per share) \| $ / shares	0
Forfeited or expired (in dollars per share) \| $ / shares	0
Nonvested, Ending balance (in dollars per share) \| $ / shares	$ 28.02
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average vesting period	3 years 3 months 18 days

REGULATORY CAPITAL - Regulatory

REGULATORY CAPITAL - Regulatory Capital Ratios Policy (Details) $ in Millions	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Ratio	10.8	10.8
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Ratio	12.2	12.2
Tier One Leverage Capital	$ 276.3	$ 270.8
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 203.8	$ 189.3

BUSINESS SEGMENTS - Narrative (

BUSINESS SEGMENTS - Narrative (Details)	3 Months Ended
BUSINESS SEGMENTS - Narrative (Details)	Mar. 31, 2022segmentitem
Segment Reporting Information [Line Items]
Number of operating segments \| segment	2
Retail Deposit \| Pacific Northwest
Segment Reporting Information [Line Items]
Number of bank branches \| item	21

BUSINESS SEGMENTS - Segment Fin

BUSINESS SEGMENTS - Segment Financial Results (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)employee	Mar. 31, 2021USD ($)employee	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Net interest income	$ 22,722	$ 20,100
Benefit (provision) for loan losses	(1,043)	(1,500)
Noninterest income	5,876	13,034
Noninterest expense	(19,067)	(16,349)
INCOME BEFORE PROVISION FOR INCOME TAXES	8,488	15,285
Provision for income taxes	(1,618)	(3,402)
NET INCOME	6,870	11,883
Total assets	2,273,933		$ 2,286,391
Total average assets for period ended	$ 2,270,271	$ 2,130,598
FTEs \| employee	536	509
Home Lending
Segment Reporting Information [Line Items]
Net interest income	$ 2,444	$ 1,622
Benefit (provision) for loan losses	154	58
Noninterest income	3,371	10,832
Noninterest expense	(4,891)	(3,131)
INCOME BEFORE PROVISION FOR INCOME TAXES	1,078	9,381
Provision for income taxes	(240)	(2,088)
NET INCOME	838	7,293
Total average assets for period ended	$ 385,451	$ 405,001
FTEs \| employee	153	154
Commercial and Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	$ 20,278	$ 18,478
Benefit (provision) for loan losses	(1,197)	(1,558)
Noninterest income	2,505	2,202
Noninterest expense	(14,176)	(13,218)
INCOME BEFORE PROVISION FOR INCOME TAXES	7,410	5,904
Provision for income taxes	(1,378)	(1,314)
NET INCOME	6,032	4,590
Total average assets for period ended	$ 1,884,820	$ 1,725,597
FTEs \| employee	383	355

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 2,312		$ 2,312
Goodwill, Impairment Loss			0
Finite-Lived Intangible Assets, Net [Abstract]
Finite-Lived Intangible Assets, Gross, Total	7,490	$ 7,490	7,490
Finite-Lived Intangible Assets, Accumulated Amortization	(3,430)	(2,739)	(2,739)
Finite-Lived Intangible Assets, Net, Beginning Balance	4,060	4,751	4,751
Amortization	(173)	$ (177)	(691)
Finite-Lived Intangible Assets, Gross, Total	7,490		7,490
Finite-Lived Intangible Assets, Accumulated Amortization	(3,603)		(3,430)
Finite-Lived Intangible Assets, Net, Ending Balance	3,887		4,060
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2022	518
2023	691
2024	621
2025	525
2026	525
Thereafter	1,007
Total	$ 3,887		4,060
Anchor Bancorp
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period - CDI	10 years
Bank of America
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 2,300		$ 2,300
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period - CDI	9 years

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 759	$ 688
Noninterest income (out-of-scope of Topic 606)	5,117	12,346
Total noninterest income	5,876	13,034
Debit Card Interchange Fees
Noninterest Income
Noninterest Income (in-scope of Topic 606)	543	515
Deposit service and account maintenance fees
Noninterest Income
Noninterest Income (in-scope of Topic 606)	$ 216	$ 173