FS Bancorp (FSBW) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
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		7,753,607
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001530249
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 17,573	$ 10,525
Interest-bearing deposits at other financial institutions	114,526	30,912
Total cash and cash equivalents	132,099	41,437
Certificates of deposit at other financial institutions	14,747	4,712
Securities available-for-sale, at fair value	225,869	229,252
Securities held-to-maturity, net of allowance for credit losses of $31 and $31, respectively (fair value of $7,475 and $7,929, respectively)	8,469	8,469
Loans held for sale, at fair value	16,714	20,093
Loans receivable, net (includes $14,349 and $14,035, at fair value, respectively)	2,342,424	2,190,860
Accrued interest receivable	12,244	11,144
Premises and equipment, net	31,293	25,119
Operating lease right-of-use ("ROU") assets	7,458	6,226
Federal Home Loan Bank ("FHLB") stock, at cost	6,555	10,611
Other real estate owned ("OREO")	570	570
Deferred tax asset, net	5,784	6,670
Bank owned life insurance ("BOLI"), net	37,247	36,799
Servicing rights, held at the lower of cost or fair value	17,627	18,017
Goodwill	3,592	2,312
Core deposit intangible, net	19,325	3,369
Other assets	23,604	17,238
TOTAL ASSETS	2,905,621	2,632,898
LIABILITIES
Noninterest-bearing accounts	675,211	554,174
Interest-bearing accounts	1,690,097	1,573,567
Total deposits	2,365,308	2,127,741
Borrowings	199,896	186,528
Principal amount	50,000	50,000
Unamortized debt issuance costs	(506)	(539)
Total subordinated notes less unamortized debt issuance costs	49,494	49,461
Operating lease liabilities	7,690	6,474
Other liabilities	33,300	30,997
Total liabilities	2,655,688	2,401,201
COMMITMENTS AND CONTINGENCIES (NOTE 10)
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; 7,753,607 and 7,736,185 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	77	77
Additional paid-in capital	56,781	55,187
Retained earnings	215,519	202,065
Accumulated other comprehensive loss, net of tax	(22,444)	(25,632)
Total stockholders' equity	249,933	231,697
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,905,621	$ 2,632,898

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS.
Allowance for credit losses	$ 31	$ 31
Securities held-to-maturity, at fair value	7,475	7,929
Loans receivable, at fair value	$ 14,349	$ 14,035
Preferred stock par value, in dollars per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value, in dollars per share	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	7,753,607	7,736,185
Common stock, shares outstanding	7,753,607	7,736,185

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
INTEREST INCOME
Loans receivable, including fees	$ 38,216	$ 25,275	$ 74,208	$ 48,322
Interest and dividends on investment securities, cash and cash equivalents, and certificates of deposit at other financial institutions	2,651	1,670	5,271	3,249
Total interest and dividend income	40,867	26,945	79,479	51,571
INTEREST EXPENSE
Deposits	7,610	1,557	14,234	2,842
Borrowings	1,219	174	2,060	307
Subordinated notes	486	485	971	971
Total interest expense	9,315	2,216	17,265	4,120
NET INTEREST INCOME	31,552	24,729	62,214	47,451
PROVISION FOR CREDIT LOSSES	716	1,871	2,824	2,914
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	30,836	22,858	59,390	44,537
NONINTEREST INCOME
Service charges and fee income	2,862	2,278	5,470	3,794
Gain on sale of loans	1,947	2,066	3,423	5,923
Earnings on cash surrender value of BOLI	227	216	448	433
Other noninterest income	(203)	(205)	711	81
Total noninterest income	4,833	4,355	10,052	10,231
NONINTEREST EXPENSE
Salaries and benefits	13,513	11,736	27,377	23,708
Operations	3,643	2,365	6,335	4,844
Occupancy	1,562	1,258	3,082	2,481
Data processing	1,683	1,455	3,251	2,815
Loan costs	1,043	751	1,513	1,274
Professional and board fees	657	763	1,335	1,756
Federal Deposit Insurance Corporation ("FDIC") insurance	591	185	1,171	342
Marketing and advertising	430	244	620	432
Acquisition cost	61		1,562
Amortization of core deposit intangible	1,023	172	1,482	345
Recovery of servicing rights	(2)			(1)
Total noninterest expense	24,204	18,929	47,728	37,996
INCOME BEFORE PROVISION FOR INCOME TAXES	11,465	8,284	21,714	16,772
PROVISION FOR INCOME TAXES	2,349	1,585	4,386	3,203
NET INCOME	$ 9,116	$ 6,699	$ 17,328	$ 13,569
Basic earnings per share	$ 1.17	$ 0.84	$ 2.23	$ 1.68
Diluted earnings per share	$ 1.16	$ 0.83	$ 2.19	$ 1.66

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 9,116	$ 6,699	$ 17,328	$ 13,569
Securities available-for-sale:
Unrealized (loss) gain during period	(3,715)	(11,506)	2,421	(32,479)
Income tax benefit (provision) related to unrealized holding (loss) gain	799	2,474	(521)	6,984
Derivative financial instruments:
Unrealized derivative gain during period	5,335	1,717	3,818	4,544
Income tax provision related to unrealized derivative gain	(1,142)	(369)	(820)	(977)
Reclassification adjustment for realized (gain) loss, net included in net income	(1,271)	(55)	(2,178)	46
Income tax provision (benefit) related to reclassification, net	273	13	468	(10)
Other comprehensive income (loss), net of tax	279	(7,726)	3,188	(21,892)
COMPREHENSIVE INCOME (LOSS)	$ 9,395	$ (1,027)	$ 20,516	$ (8,323)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income, Net of Tax	Total
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2021			$ 297		$ 297
Beginning 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			13,569		13,569
Dividends paid			(4,006)		(4,006)
Share-based compensation		932			932
Common stock repurchased - repurchase plan	$ (5)	(13,891)			(13,896)
Common stock repurchased - repurchase plan (in shares)	(476,607)
Stock options exercised, net		130			130
Stock options exercised, net (in shares)	32,952
Other comprehensive income (loss), net of tax				(21,892)	(21,892)
Ending balance at Jun. 30, 2022	$ 77	55,129	189,075	(21,640)	222,641
Balance (in shares) at Jun. 30, 2022	7,726,232
Beginning balance at Mar. 31, 2022	$ 81	65,035	184,748	(13,914)	235,950
Balance (in shares) at Mar. 31, 2022	8,067,211
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			6,699		6,699
Dividends paid			(2,372)		(2,372)
Share-based compensation		481			481
Common stock repurchased - repurchase plan	$ (4)	(10,447)			(10,451)
Common stock repurchased - repurchase plan (in shares)	(361,251)
Stock options exercised, net		60			60
Stock options exercised, net (in shares)	20,272
Other comprehensive income (loss), net of tax				(7,726)	(7,726)
Ending balance at Jun. 30, 2022	$ 77	55,129	189,075	(21,640)	222,641
Balance (in shares) at Jun. 30, 2022	7,726,232
Beginning balance at Dec. 31, 2022	$ 77	55,187	202,065	(25,632)	231,697
Balance (in shares) at Dec. 31, 2022	7,736,185
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			17,328		17,328
Dividends paid			(3,874)		(3,874)
Share-based compensation		1,018			1,018
Issuance of common stock- employee stock purchase plan		539			539
Issuance of common stock- employee stock purchase plan (in shares)	16,449
Restricted stock awards forfeited (in shares)	(4,812)
Common stock repurchased for employee/director taxes paid on restricted stock awards		(16)			(16)
Common stock repurchased for employee/director taxes paid on restricted stock awards (in shares)	(440)
Stock options exercised, net		53			53
Stock options exercised, net (in shares)	6,225
Other comprehensive income (loss), net of tax				3,188	3,188
Ending balance at Jun. 30, 2023	$ 77	56,781	215,519	(22,444)	249,933
Balance (in shares) at Jun. 30, 2023	7,753,607
Beginning balance at Mar. 31, 2023	$ 77	56,138	208,342	(22,723)	241,834
Balance (in shares) at Mar. 31, 2023	7,743,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			9,116		9,116
Dividends paid			(1,939)		(1,939)
Share-based compensation		364			364
Issuance of common stock- employee stock purchase plan		268			268
Issuance of common stock- employee stock purchase plan (in shares)	9,099
Stock options exercised, net		11			11
Stock options exercised, net (in shares)	1,225
Other comprehensive income (loss), net of tax				279	279
Ending balance at Jun. 30, 2023	$ 77	$ 56,781	$ 215,519	$ (22,444)	$ 249,933
Balance (in shares) at Jun. 30, 2023	7,753,607

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)	$ 0.25	$ 0.30	$ 0.50	$ 0.50

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 17,328	$ 13,569
Adjustments to reconcile net income to net cash from operating activities
Provision for credit losses	2,824	2,914
Depreciation, amortization and accretion	6,219	7,681
Compensation expense related to stock options and restricted stock awards	1,018	932
Change in cash surrender value of BOLI	(448)	(433)
Gain on sale of loans held for sale	(3,423)	(5,923)
Origination of loans held for sale	(185,041)	(389,458)
Proceeds from sale of loans held for sale	206,392	501,367
Recovery of servicing rights		(1)
Changes in operating assets and liabilities
Accrued interest receivable	(570)	(959)
Other assets	(4,168)	1,197
Other liabilities	2,025	(1,916)
Net cash from operating activities	42,156	128,970
Activity in securities available-for-sale:
Maturities, prepayments, and calls	8,758	11,016
Purchases	(3,933)	(21,002)
Activity in securities held-to-maturity:
Purchases		(1,000)
Maturities of certificates of deposit at other financial institutions		5,582
Purchase of certificates of deposit at other financial institutions	(10,035)
Portfolio loan originations and principal collections, net	(105,739)	(235,136)
Net cash from acquisitions	336,157
Purchase of portfolio loans	(2,231)	(2,806)
Purchase of premises and equipment	(1,113)	(401)
Proceeds from bank owned life insurance death benefits		419
Change in FHLB stock, net	4,056	(1,517)
Net cash from (used by) investing activities	225,920	(244,845)
CASH FLOWS (USED BY) FROM FINANCING ACTIVITIES
Net (decrease) increase in deposits	(187,484)	100,315
Proceeds from borrowings	1,043,500	324,500
Repayments of borrowings	(1,030,132)	(289,000)
Dividends paid on common stock	(3,874)	(4,006)
Proceeds from stock options exercised, net	53	130
Common stock repurchased for employee/director taxes paid on restricted stock awards	(16)
Issuance of common stock - employee stock purchase plan	539
Common stock repurchased		(13,896)
Net cash (used by) from financing activities	(177,414)	118,043
NET INCREASE IN CASH AND CASH EQUIVALENTS	90,662	2,168
CASH AND CASH EQUIVALENTS, beginning of period	41,437	26,491
CASH AND CASH EQUIVALENTS, end of period	132,099	28,659
Cash paid during the period for:
Interest on deposits and borrowings	15,183	2,962
Income taxes	5,985	1,530
SUPPLEMENTARY DISCLOSURES OF NONCASH OPERATING, INVESTING AND FINANCING ACTIVITIES
Change in unrealized gain (loss) on available-for-sale investment securities	2,421	(32,479)
Change in unrealized gain on fair value and cash flow hedges	1,640	4,590
Retention in gross mortgage servicing rights from loan sales	1,325	4,010
OREO received in settlement of loans		145
Right-of-use assets in exchange for lease liabilities	2,034	$ 938
Non-cash assets acquired	87,512
Non-cash liabilities assumed	$ 424,949

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	FS BANCORP, INC. AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Table Dollar Amounts in Thousands, Except Per Share Amounts) ​ NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations a Financial Statement Presentation The results for the three and six months ended June 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, 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 (“ACL”), fair value of financial instruments, the valuation of servicing rights, business combinations, 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”) Application of New Accounting Guidance Adopted in 2023 On January 1, 2023, the Company adopted ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326)

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2023
BUSINESS COMBINATION
BUSINESS COMBINATION	NOTE 2 BUSINESS COMBINATION ​ On February 24, 2023, the Company’s wholly-owned subsidiary, 1st Security Bank, completed the purchase of seven branches (“Branch Purchase”) from Columbia State Bank to expand its franchise in Washington and Oregon. The Branch Purchase included seven retail bank branches located in the communities of Goldendale and White Salmon, Washington and Manzanita, Newport, Ontario, Tillamook, and Waldport, Oregon. In accordance with the Purchase and Assumption Agreement, dated as of November 7, 2022, between Columbia State Bank and 1st Security Bank, the Bank acquired $425.5 million of deposits, a portfolio of performing loans, six owned bank branches, one lease associated with the bank branches and certain other assets of the branches. In consideration of the purchased assets and transferred liabilities, 1st Security Bank paid (a) the unpaid principal balance and accrued interest of $66.6 million for the loans acquired, (b) the fair value, or approximately $6.3 million, for the bank facilities and certain other assets associated with the acquired branches, and (c) a deposit premium of 4.15% for core deposits and 2.5% for public funds on substantially all of the deposits assumed, which equated to approximately $16.4 million. The transaction was settled with Columbia State Bank paying cash of $334.7 million to 1st Security Bank for the difference between the total assets purchased and the total liabilities assumed. ​ The Branch Purchase was accounted for under the acquisition method of accounting and accordingly, the assets and liabilities were recorded at fair values on February 24, 2023, the date of acquisition. Determining the fair value of assets and liabilities is a complicated process involving significant judgement regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as information relative to closing date fair values become available. Due to the timing of the data conversion and the integration of operations of the branches onto the Company’s existing operations, historical reporting of the acquired branches is impracticable, and therefore, disclosure of the amounts of revenue and expenses attributable to the acquired branches since the acquisition date are not available. ​ The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of acquisition: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired Book Fair Value Amount February 24, 2023 Value Adjustments Recorded Assets ​ ​ ​ Cash and cash equivalents ​ $ 336,157 ​ $ — ​ $ 336,157 Loans receivable ​ 66,093 ​ (2,902) (1) 63,191 Premises and equipment ​ 6,342 ​ — ​ 6,342 Accrued interest receivable ​ 530 ​ — ​ 530 Core deposit intangible ("CDI") ​ — ​ 17,438 (2) 17,438 Goodwill ​ ​ — ​ ​ 1,280 (3) ​ 1,280 Other assets ​ 11 ​ — ​ 11 Total assets acquired ​ $ 409,133 ​ $ 15,816 ​ $ 424,949 Liabilities ​ ​ ​ Deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing accounts ​ $ 225,567 ​ $ — ​ $ 225,567 Interest-bearing accounts ​ ​ 199,898 ​ ​ (548) (4) ​ 199,350 Total deposits ​ ​ 425,465 ​ ​ (548) ​ ​ 424,917 Accrued interest payable ​ ​ 4 ​ ​ — ​ ​ 4 Other liabilities ​ 28 ​ — ​ 28 Total liabilities assumed ​ $ 425,497 ​ $ (548) ​ $ 424,949 ​ _______________________________ (1) The fair value discount for acquired loans was determined by separate adjustments to reflect a credit risk and marketability component and a yield component reflecting the differential between portfolio and market yields. The discount on acquired loans will be accreted back into interest income using the effective yield method. None of the loans acquired are purchased financial assets with credit deterioration. The fair value of the loans is $63.2 million and the gross amount due is $66.1 million, none of which is expected to be uncollectable. ​ (2) The fair value adjustment represents the value of the core deposit base assumed in the Branch Purchase based on a study performed by an independent consulting firm. This amount was recorded by the Company as an identifiable intangible asset and will be amortized as an expense on an accelerated basis over the average life of the core deposit base, which is estimated to be 10 years. ​ (3) The fair value adjustment represents the value of the goodwill calculated from the purchase based on the purchase price, less the fair value of assets acquired net of liabilities assumed. The goodwill of $1.3 million is attributable to the workforce and customer relationships associated with the branches. All of the goodwill is deductible for tax purposes and will be amortized over a 15-year period. The goodwill was assigned to the Commercial and Consumer Banking segment. ​ (4) The fair value of time deposits was calculated using a discounted cash flow analysis that calculated the present value of the projected cash flows from the portfolio versus the present value of a similar portfolio with a similar maturity profile at current market rates. This adjustment represents a difference in interest rates from the time deposits acquired and the estimated wholesale funding rates used in the application of fair value accounting. The discounted amount will be amortized into expense as an increase in interest expense over the maturity profile of the acquired time deposits. ​ The disclosures regarding pro-forma data and the results of operations subsequent to the acquisition date are omitted as this information is not practical to obtain. The branches’ financial information is not reported on a stand-alone basis. ​

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2023
INVESTMENTS
INVESTMENTS	NOTE 3 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 ACL for securities held-to-maturity at June 30, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ SECURITIES AVAILABLE-FOR-SALE ​ Cost ​ Gains ​ Losses ​ Values ACL U.S. agency securities ​ $ 21,152 ​ $ 8 ​ $ (3,522) ​ $ 17,638 ​ $ — Corporate securities ​ 6,999 ​ 36 ​ (842) ​ 6,193 ​ ​ — Municipal bonds ​ 140,674 ​ 17 ​ (22,027) ​ 118,664 ​ ​ — Mortgage-backed securities ​ 80,076 ​ — ​ (12,479) ​ 67,597 ​ ​ — U.S. Small Business Administration securities ​ 17,088 ​ 5 ​ (1,316) ​ 15,777 ​ ​ — Total securities available-for-sale ​ ​ 265,989 ​ ​ 66 ​ ​ (40,186) ​ ​ 225,869 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 8,500 ​ ​ — ​ ​ (1,025) ​ ​ 7,475 ​ ​ 31 Total securities held-to-maturity ​ ​ 8,500 ​ ​ — ​ ​ (1,025) ​ ​ 7,475 ​ ​ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities ​ $ 274,489 ​ $ 66 ​ $ (41,211) ​ $ 233,344 ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ SECURITIES AVAILABLE-FOR-SALE ​ Cost ​ Gains ​ Losses ​ Values ACL U.S. agency securities ​ $ 21,153 ​ $ — ​ $ (3,865) ​ $ 17,288 ​ $ — Corporate securities ​ 9,497 ​ 27 ​ (979) ​ 8,545 ​ ​ — Municipal bonds ​ 144,200 ​ 21 ​ (23,619) ​ 120,602 ​ ​ — Mortgage-backed securities ​ 82,424 ​ — ​ (12,458) ​ 69,966 ​ ​ — U.S. Small Business Administration securities ​ 14,519 ​ — ​ (1,668) ​ 12,851 ​ ​ — Total securities available-for-sale ​ ​ 271,793 ​ ​ 48 ​ ​ (42,589) ​ ​ 229,252 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 8,500 ​ ​ — ​ ​ (571) ​ ​ 7,929 ​ ​ 31 Total securities held-to-maturity ​ ​ 8,500 ​ ​ — ​ ​ (571) ​ ​ 7,929 ​ ​ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities ​ $ 280,293 ​ $ 48 ​ $ (43,160) ​ $ 237,181 ​ $ 31 ​ The following table presents the activity in the ACL for securities held-to-maturity by major security type for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY For the Three Months Ended June 30, Corporate Securities ​ 2023 2022 Beginning allowance balance ​ $ 31 ​ $ 72 Recapture for credit losses ​ — ​ (41) Securities charged-off ​ — ​ — Recoveries ​ — ​ — Total ending allowance balance ​ $ 31 ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY For the Six Months Ended June 30, Corporate Securities ​ 2023 2022 Beginning allowance balance ​ $ 31 ​ $ — Impact of adopting ASU 2016-13 ​ ​ — ​ ​ 72 Recapture for credit losses ​ — ​ (41) Securities charged-off ​ — ​ — Recoveries ​ — ​ — Total ending allowance balance ​ $ 31 ​ $ 31 ​ 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 $116,000 as of both June 30, 2023 and December 31, 2022, and was $1.1 million and $1.2 million on available-for-sale debt securities as of June 30, 2023 and December 31, 2022, 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 ACL. 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 the dates indicated, aggregated by credit quality indicator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Corporate securities 2023 2022 BBB/BBB- ​ $ 7,000 ​ $ 8,500 BB+ ​ ​ 1,500 ​ ​ — Total ​ $ 8,500 ​ $ 8,500 ​ At June 30, 2023, there were no debt securities held-to-maturity that were classified as either nonaccrual or 90 days or more past due and still accruing interest. ​ The following table presents, as of June 30, 2023, investment securities which were pledged to secure borrowings, public deposits or other obligations as permitted or required by law: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 Purpose or beneficiary Carrying Value Amortized Cost Fair Value State and local government public deposits ​ $ 39,482 ​ $ 45,979 ​ $ 39,482 Interest rate swap counterparties ​ ​ 2,776 ​ ​ 2,887 ​ ​ 2,776 Federal Reserve Bank - Bank Term Funding Program facility ​ ​ 77,113 ​ ​ 91,520 ​ ​ 77,113 Total pledged securities ​ $ 119,371 ​ $ 140,386 ​ $ 119,371 ​ ​ Investment securities that were in an unrealized loss position at the dates indicated are presented in the following tables, based on the length of time individual securities have been in an unrealized loss position. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ 15,631 ​ $ (3,522) ​ $ 15,631 ​ $ (3,522) Corporate securities ​ ​ — ​ ​ — ​ ​ 4,158 ​ ​ (842) ​ ​ 4,158 ​ ​ (842) Municipal bonds ​ ​ 5,394 ​ ​ (47) ​ ​ 111,803 ​ ​ (21,980) ​ ​ 117,197 ​ ​ (22,027) Mortgage-backed securities ​ 6,814 ​ (312) ​ 60,783 ​ ​ (12,167) ​ 67,597 ​ (12,479) U.S. Small Business Administration securities ​ ​ 4,879 ​ ​ — ​ ​ 8,507 ​ ​ (1,316) ​ ​ 13,386 ​ ​ (1,316) Total securities available-for-sale ​ ​ 17,087 ​ ​ (359) ​ ​ 200,882 ​ ​ (39,827) ​ ​ 217,969 ​ ​ (40,186) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 800 ​ ​ (200) ​ ​ 6,675 ​ ​ (825) ​ ​ 7,475 ​ ​ (1,025) Total securities held-to-maturity ​ ​ 800 ​ ​ (200) ​ ​ 6,675 ​ ​ (825) ​ ​ 7,475 ​ ​ (1,025) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 17,887 ​ $ (559) ​ $ 207,557 ​ $ (40,652) ​ $ 225,444 ​ $ (41,211) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ 3,823 ​ $ (118) ​ $ 13,465 ​ $ (3,747) ​ $ 17,288 ​ $ (3,865) Corporate securities ​ 2,494 ​ (4) ​ 4,026 ​ (975) ​ 6,520 ​ (979) Municipal bonds ​ ​ 44,261 ​ ​ (5,794) ​ ​ 73,990 ​ ​ (17,825) ​ ​ 118,251 ​ ​ (23,619) Mortgage-backed securities ​ 29,791 ​ (3,188) ​ 40,175 ​ (9,270) ​ 69,966 ​ (12,458) U.S. Small Business Administration securities ​ 10,807 ​ (1,162) ​ 2,044 ​ (506) ​ 12,851 ​ (1,668) Total securities available-for-sale ​ ​ 91,176 ​ ​ (10,266) ​ ​ 133,700 ​ ​ (32,323) ​ ​ 224,876 ​ ​ (42,589) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 7,929 ​ ​ (571) ​ ​ — ​ ​ — ​ ​ 7,929 ​ ​ (571) Total securities held-to-maturity ​ ​ 7,929 ​ ​ (571) ​ ​ — ​ ​ — ​ ​ 7,929 ​ ​ (571) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 99,105 ​ $ (10,837) ​ $ 133,700 ​ $ (32,323) ​ $ 232,805 ​ $ (43,160) ​ There was one held-to-maturity debt security in an unrealized loss position of less than one year and six held-to-maturity debt securities in an unrealized loss position of more than one year at June 30, 2023. There were seven held-to-maturity debt securities in an unrealized loss position of less than one year and none in an unrealized loss position of more than one year at December 31, 2022. There were 13 available-for-sale securities in an unrealized loss position of less than one year, and 175 available-for-sale securities in an unrealized loss position of more than one year at June 30, 2023. There were 88 available-for-sale securities in an unrealized loss position of less than one year, and 106 available-for-sale securities in an unrealized loss position of more than one year at December 31, 2022. 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. Substantially, all of the Company’s municipal bond portfolio is comprised of obligations of states and political subdivisions located within the Company’s geographic footprint that are monitored through quarterly or annual financial review utilizing published credit ratings. 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 six months ended June 30, 2023, or for the year ended December 31, 2022. The contractual maturities of securities available-for-sale and held-to-maturity at the dates indicated are listed below. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 SECURITIES AVAILABLE-FOR-SALE Amortized Fair Amortized Fair U.S. agency securities ​ Cost ​ Value ​ Cost ​ Value Due within one year ​ $ 931 ​ $ 911 ​ $ — ​ $ — Due after one year through five years ​ ​ 3,941 ​ ​ 3,435 ​ ​ 4,874 ​ ​ 4,321 Due after five years through ten years ​ ​ 8,990 ​ ​ 7,675 ​ ​ 6,989 ​ ​ 5,963 Due after ten years ​ ​ 7,290 ​ ​ 5,617 ​ ​ 9,290 ​ ​ 7,004 Subtotal ​ 21,152 ​ 17,638 ​ 21,153 ​ 17,288 Corporate securities ​ ​ ​ ​ ​ Due within one year ​ 1,000 ​ 1,014 ​ 1,000 ​ 997 Due after one year through five years ​ — ​ — ​ 2,497 ​ 2,519 Due after five years through ten years ​ ​ 4,000 ​ ​ 3,838 ​ ​ 4,000 ​ ​ 3,763 Due after ten years ​ ​ 1,999 ​ ​ 1,341 ​ ​ 2,000 ​ ​ 1,266 Subtotal ​ 6,999 ​ 6,193 ​ 9,497 ​ 8,545 Municipal bonds ​ ​ ​ ​ Due within one year ​ — ​ — ​ 2,660 ​ 2,644 Due after one year through five years ​ 1,026 ​ 1,001 ​ 1,038 ​ 1,012 Due after five years through ten years ​ 6,308 ​ 5,783 ​ 6,341 ​ 5,771 Due after ten years ​ 133,340 ​ 111,880 ​ 134,161 ​ 111,175 Subtotal ​ 140,674 ​ 118,664 ​ 144,200 ​ 120,602 Mortgage-backed securities ​ ​ ​ ​ Federal National Mortgage Association (“FNMA”) ​ 66,597 ​ 55,569 ​ 68,421 ​ 57,358 Federal Home Loan Mortgage Corporation (“FHLMC”) ​ 9,162 ​ 8,329 ​ 9,290 ​ 8,424 Government National Mortgage Association (“GNMA”) ​ 4,317 ​ 3,699 ​ 4,713 ​ 4,184 Subtotal ​ 80,076 ​ 67,597 ​ 82,424 ​ 69,966 U.S. Small Business Administration securities ​ ​ ​ ​ Due within one year ​ ​ 168 ​ ​ 163 ​ ​ — ​ ​ — Due after one year through five years ​ 2,325 ​ 2,183 ​ 2,553 ​ 2,407 Due after five years through ten years ​ ​ 3,756 ​ ​ 3,486 ​ ​ 4,461 ​ ​ 3,996 Due after ten years ​ ​ 10,839 ​ ​ 9,945 ​ ​ 7,505 ​ ​ 6,448 Subtotal ​ ​ 17,088 ​ ​ 15,777 ​ ​ 14,519 ​ ​ 12,851 Total securities available-for-sale ​ ​ 265,989 ​ ​ 225,869 ​ ​ 271,793 ​ ​ 229,252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due after five years through ten years ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Total securities held-to-maturity ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Total securities ​ $ 274,489 ​ $ 233,344 ​ $ 280,293 ​ $ 237,181 ​ There were no sales proceeds, gains or losses from the sale of securities available-for-sale for the three and six months ended June 30, 2023 and 2022.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS	6 Months Ended
	Jun. 30, 2023
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS	NOTE 4 – LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES – LOANS The composition of the loan portfolio was as follows at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, REAL ESTATE LOANS ​ 2023 2022 Commercial ​ $ 343,008 ​ $ 334,059 Construction and development ​ 312,093 ​ 342,591 Home equity ​ 62,304 ​ 55,387 One-to-four-family (excludes loans held for sale) ​ 521,734 ​ 469,485 Multi-family ​ 231,675 ​ 219,738 Total real estate loans ​ 1,470,814 ​ 1,421,260 CONSUMER LOANS ​ ​ ​ ​ Indirect home improvement ​ 557,818 ​ 495,941 Marine ​ 72,484 ​ 70,567 Other consumer ​ 3,606 ​ 3,064 Total consumer loans ​ 633,908 ​ 569,572 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ Commercial and industrial ​ 237,403 ​ 196,791 Warehouse lending ​ 30,649 ​ 31,229 Total commercial business loans ​ 268,052 ​ 228,020 Total loans receivable, gross ​ 2,372,774 ​ 2,218,852 ACL for loans ​ (30,350) ​ (27,992) Total loans receivable, net ​ $ 2,342,424 ​ $ 2,190,860 ​ Loan amounts are net of unearned loan fees in excess of unamortized costs and premiums of $8.3 million as of June 30, 2023 and $7.8 million as of December 31, 2022. Net loans include unamortized net discounts on acquired loans of $2.9 million and $437,000 as of June 30, 2023 and December 31, 2022, respectively. Net loans does not include accrued interest receivable. Accrued interest receivable on loans was $10.4 million and $9.6 million as of June 30, 2023 and December 31, 2022, respectively, 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, the Oregon Coast, and near our loan production offices in Vancouver, Washington and 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, Nevada, Texas, Utah, Massachusetts, Montana, and recently New Hampshire. 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 June 30, 2023, the Bank held approximately $988.5 million in loans that are pledged as collateral for FHLB advances, compared to approximately $840.2 million at December 31, 2022. The Bank held approximately $618.8 million in loans that are pledged as collateral for the Federal Reserve Bank of San Francisco (the “FRB”) line of credit at June 30, 2023, compared to approximately $579.8 million at December 31, 2022. 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 (“C&I”) Lending. Warehouse Lending Allowance for Credit Losses Management identifies loans in the Company’s portfolio that must be individually evaluated for loss due to disparate risk characteristics or information suggesting that the Company will be unable to collect all the principal and interest due. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. In estimating the fair value of real estate collateral, management utilizes appraisals or evaluations adjusted for costs to dispose and a distressed sale adjustment, if needed. Estimating the fair value of collateral other than real estate is also subjective in nature and sometimes requires difficult and complex judgements. Determining expected future cash flows can be more subjective than determining fair values. Expected future cash flows could differ significantly, both in timing and amount, from the cash flows actually received over the loan’s remaining life. Individually evaluated loans are excluded from the estimation of credit losses for the pooled portfolio. 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. The vintage methodology measures the expected loss calculation for future periods based on historical performance by the origination period of loans with similar life cycles and risk characteristics. 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 is 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 ACL for 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. After the forecast period, PD rates revert on a straight-line basis back to long-term historical average rates over a 12-month period. Due to very limited default history, management uses index PDs comprised of rates derived from the PD experience of other community banks in place of the Company’s historical PDs. 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 qualitative and environmental adjustments to incorporate all significant risks to form a sufficient basis to estimate the credit losses. ​ Modifications to borrowers experiencing financial difficulty are included in loans collectively evaluated for credit loss. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. A charge to the allowance for credit losses is generally not recorded upon modification. Management believes that the methods selected fairly reflect the historical loss component of expected losses inherent in the Company’s loan portfolio. However, since future losses could vary significantly from those experienced in the past, on a quarterly basis management adjusts its historical loss experience to reflect current and forecasted conditions. In doing so, management considers a variety of general qualitative and quantitative factors (“Q-factors”) and then subjectively determines the weight to assign to each in estimating losses. Qualitative characteristics include differences in underwriting standards, policies, lending staff and environmental risks. Management also considers whether further adjustments to historical loss information are needed to reflect the extent to which current conditions and reasonable and supportable forecasts over the forecasting horizon differ from the conditions that existed during the historical loss period. These quantitative adjustments reflect changes to relevant data such as changes in unemployment rates, average growth in pools of loans, concentrations of credit, delinquencies or other factors associated with the financial assets. The reversion method is applied for periods beyond the forecasting horizon. The Company’s ACL allocable to pools of loans that are collectively evaluated for credit loss results primarily from these qualitative and quantitative adjustments to historical loss experience. Because of the nature of the Q-factors and the degree of judgement involved in assessing their impact, management’s resulting estimate of losses may not accurately reflect current and future losses in the portfolio. The main drivers of the credit provision recorded in the first six months of 2023 were increases in outstanding loans and net charge-offs, average growth rates and increases in specific reserves on individually evaluated loans. ​ The following tables detail activity in the ACL for loans by loan categories at or for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2023 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 12,572 ​ $ 13,401 ​ $ 3,964 ​ $ — ​ $ 29,937 (Reversal of) provision for credit losses on loans ​ ​ (265) ​ ​ 1,266 ​ ​ 62 ​ ​ — ​ ​ 1,063 Charge-offs ​ — ​ (876) ​ — ​ — ​ (876) Recoveries ​ ​ — ​ ​ 226 ​ ​ — ​ ​ — ​ ​ 226 Net charge-offs ​ ​ — ​ ​ (650) ​ ​ — ​ ​ — ​ ​ (650) Total ending ACL balance ​ $ 12,307 ​ $ 14,017 ​ $ 4,026 ​ $ — ​ $ 30,350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2022 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 10,560 ​ $ 9,792 ​ $ 3,013 ​ $ — ​ $ 23,365 Provision for (reversal of) credit losses on loans ​ ​ 952 ​ ​ 830 ​ ​ (163) ​ ​ — ​ ​ 1,619 Charge-offs ​ — ​ (297) ​ — ​ — ​ (297) Recoveries ​ ​ — ​ ​ 280 ​ ​ — ​ ​ — ​ ​ 280 Net charge-offs ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) Total ending ACL balance ​ $ 11,512 ​ $ 10,605 ​ $ 2,850 ​ $ — ​ $ 24,967 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2023 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 12,123 ​ $ 12,109 ​ $ 3,760 ​ $ — ​ $ 27,992 Provision for credit losses on loans ​ ​ 194 ​ ​ 2,957 ​ ​ 267 ​ ​ — ​ ​ 3,418 Charge-offs ​ (10) ​ (1,585) ​ (1) ​ — ​ (1,596) Recoveries ​ ​ — ​ ​ 536 ​ ​ — ​ ​ — ​ ​ 536 Net Charge-offs ​ ​ (10) ​ ​ (1,049) ​ ​ (1) ​ ​ — ​ ​ (1,060) Total ending ACL balance ​ $ 12,307 ​ $ 14,017 ​ $ 4,026 ​ $ — ​ $ 30,350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2022 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR 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 ​ ​ 1,948 ​ ​ 527 ​ ​ (4) ​ ​ — ​ ​ 2,471 Charge-offs ​ — ​ (820) ​ — ​ — ​ (820) Recoveries ​ ​ — ​ ​ 540 ​ ​ — ​ ​ — ​ ​ 540 Net charge-offs ​ ​ — ​ ​ (280) ​ ​ — ​ ​ — ​ ​ (280) Total ending ACL balance ​ $ 11,512 ​ $ 10,605 ​ $ 2,850 ​ $ — ​ $ 24,967 ​ Nonaccrual and Past Due Loans Loan Modifications to Borrowers Experiencing Financial Difficulty ​ The Company may agree to modify the contractual terms of a loan to a borrower experiencing financial difficulty as a part of ongoing loss mitigation strategies. These modifications may result in an interest rate reduction, term extension, an other-than-insignificant payment delay, or a combination thereof. The Company typically does not offer principal forgiveness. ​ The Company restructured two related C&I loans during the first quarter of 2023. The restructuring included a consolidation of the loans into a single loan, an increase in contractual term of 60 months, and a reduction in the contractual interest rate from 7.5% to 4.1%. The loan had an amortized cost of $3.5 million or 1.4% of C&I loans, at June 30, 2023. The restructured loan has been paid as agreed subsequent to the restructuring, however, was classified as current and nonaccrual as of June 30, 2023, and individually evaluated in the determination of the associated ACL for loans. There were no loans that were modified on or after January 1, 2023, the date the Company adopted ASU 2022–02, through June 30, 2023 that subsequently defaulted during the period presented. ​ Troubled Debt Restructurings (“TDRs”) ​ At June 30, 2022, the Company had no TDRs. There were no TDRs which incurred a payment default within twelve months of the restructuring date during the three and six months ended June 30, 2022. ​ The following tables provide information pertaining to the aging analysis of contractually past due loans and nonaccrual loans at June 30, 2023 and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ 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 (1) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 343,008 ​ $ 343,008 ​ $ 1,061 Construction and development ​ — ​ — ​ — ​ — ​ 312,093 ​ 312,093 ​ — Home equity ​ 27 ​ 150 ​ 12 ​ 189 ​ 62,115 ​ 62,304 ​ 50 One-to-four-family ​ — ​ — ​ 209 ​ 209 ​ 521,525 ​ 521,734 ​ 209 Multi-family ​ — ​ — ​ — ​ — ​ 231,675 ​ 231,675 ​ — Total real estate loans ​ 27 ​ 150 ​ 221 ​ 398 ​ 1,470,416 ​ 1,470,814 ​ 1,320 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ 1,216 ​ 930 ​ 723 ​ 2,869 ​ 554,949 ​ 557,818 ​ 1,833 Marine ​ 145 ​ 63 ​ 73 ​ 281 ​ 72,203 ​ 72,484 ​ 471 Other consumer ​ 8 ​ 11 ​ — ​ 19 ​ 3,587 ​ 3,606 ​ 3 Total consumer loans ​ 1,369 ​ 1,004 ​ 796 ​ 3,169 ​ 630,739 ​ 633,908 ​ 2,307 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ — ​ — ​ 2,117 ​ 2,117 ​ 235,286 ​ 237,403 ​ 5,645 Warehouse lending ​ — ​ — ​ — ​ — ​ 30,649 ​ 30,649 ​ — Total commercial business loans ​ — ​ — ​ 2,117 ​ 2,117 ​ 265,935 ​ 268,052 ​ 5,645 Total loans ​ $ 1,396 ​ $ 1,154 ​ $ 3,134 ​ $ 5,684 ​ $ 2,367,090 ​ $ 2,372,774 ​ $ 9,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 (1) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 334,059 ​ $ 334,059 ​ $ — Construction and development ​ — ​ — ​ — ​ — ​ 342,591 ​ 342,591 ​ — Home equity ​ 29 ​ 104 ​ 16 ​ 149 ​ 55,238 ​ 55,387 ​ 46 One-to-four-family ​ — ​ — ​ 463 ​ 463 ​ 469,022 ​ 469,485 ​ 920 Multi-family ​ — ​ — ​ — ​ — ​ 219,738 ​ 219,738 ​ — Total real estate loans ​ 29 ​ 104 ​ 479 ​ 612 ​ 1,420,648 ​ 1,421,260 ​ 966 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ 2,298 ​ 685 ​ 532 ​ 3,515 ​ 492,426 ​ 495,941 ​ 1,076 Marine ​ 650 ​ 385 ​ 86 ​ 1,121 ​ 69,446 ​ 70,567 ​ 267 Other consumer ​ 32 ​ 37 ​ 5 ​ 74 ​ 2,990 ​ 3,064 ​ 9 Total consumer loans ​ 2,980 ​ 1,107 ​ 623 ​ 4,710 ​ 564,862 ​ 569,572 ​ 1,352 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ 1 ​ — ​ 2,617 ​ 2,618 ​ 194,173 ​ 196,791 ​ 6,334 Warehouse lending ​ — ​ — ​ — ​ — ​ 31,229 ​ 31,229 ​ — Total commercial business loans ​ 1 ​ — ​ 2,617 ​ 2,618 ​ 225,402 ​ 228,020 ​ 6,334 Total loans ​ $ 3,010 ​ $ 1,211 ​ $ 3,719 ​ $ 7,940 ​ $ 2,210,912 ​ $ 2,218,852 ​ $ 8,652 ___________________________ (1) Includes past due loans as applicable. There were no loans 90 days or more past due and still accruing interest at both June 30, 2023 and December 31, 2022. ​ 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 ACL loan 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. 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” 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 choose to 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. We regularly review our credits for accuracy of risk grades whenever we receive new information. Borrowers are generally required to submit financial information at regular intervals. Typically, commercial borrowers with lines of credit are required to submit financial information with reporting intervals ranging from monthly to annually depending on credit size, risk, and complexity. In addition, nonowner-occupied commercial real estate borrowers with loans exceeding a certain dollar threshold are usually required to submit rent rolls or property income statements annually. We monitor construction loans monthly. We also review loans graded “Watch” or worse, regardless of loan type, no less than quarterly. The following tables summarize risk rated loan balances by category as of the dates indicated. Term loans that were 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ REAL ESTATE LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial ​ 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 18,901 ​ $ 88,035 ​ $ 76,437 ​ $ 48,519 ​ $ 28,338 ​ $ 70,116 ​ $ — ​ $ 329 ​ $ 330,675 Watch ​ ​ — ​ ​ 9,507 ​ ​ — ​ ​ — ​ ​ 453 ​ ​ — ​ ​ 16 ​ ​ — ​ ​ 9,976 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 417 ​ ​ — ​ ​ — ​ ​ — ​ ​ 417 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,940 ​ ​ — ​ ​ — ​ ​ 1,940 Total commercial ​ ​ 18,901 ​ ​ 97,542 ​ ​ 76,437 ​ ​ 48,519 ​ ​ 29,208 ​ ​ 72,056 ​ ​ 16 ​ ​ 329 ​ ​ 343,008 Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 51,332 ​ ​ 177,805 ​ ​ 66,261 ​ ​ 16,102 ​ ​ — ​ ​ 593 ​ ​ — ​ ​ — ​ ​ 312,093 Total construction and development ​ ​ 51,332 ​ ​ 177,805 ​ ​ 66,261 ​ ​ 16,102 ​ ​ — ​ ​ 593 ​ ​ — ​ ​ — ​ ​ 312,093 Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 2,042 ​ ​ 1,716 ​ ​ 1,606 ​ ​ 6,672 ​ ​ 11 ​ ​ 2,345 ​ ​ 47,862 ​ ​ — ​ ​ 62,254 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 39 ​ ​ 11 ​ ​ — ​ ​ 50 Total home equity ​ ​ 2,042 ​ ​ 1,716 ​ ​ 1,606 ​ ​ 6,672 ​ ​ 11 ​ ​ 2,384 ​ ​ 47,873 ​ ​ — ​ ​ 62,304 Home equity gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 10 One-to-four-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 59,664 ​ ​ 165,085 ​ ​ 125,437 ​ ​ 80,959 ​ ​ 33,353 ​ ​ 53,756 ​ ​ — ​ ​ 477 ​ ​ 518,731 Watch ​ ​ — ​ ​ 871 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 871 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,132 ​ ​ — ​ ​ — ​ ​ 2,132 Total one-to-four-family ​ ​ 59,664 ​ ​ 165,956 ​ ​ 125,437 ​ ​ 80,959 ​ ​ 33,353 ​ ​ 55,888 ​ ​ — ​ ​ 477 ​ ​ 521,734 Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,426 ​ ​ 34,254 ​ ​ 78,174 ​ ​ 47,901 ​ ​ 38,398 ​ ​ 28,522 ​ ​ — ​ ​ — ​ ​ 231,675 Total multi-family ​ ​ 4,426 ​ ​ 34,254 ​ ​ 78,174 ​ ​ 47,901 ​ ​ 38,398 ​ ​ 28,522 ​ ​ — ​ ​ — ​ ​ 231,675 Total real estate loans ​ $ 136,365 ​ $ 477,273 ​ $ 347,915 ​ $ 200,153 ​ $ 100,970 ​ $ 159,443 ​ $ 47,889 ​ $ 806 ​ $ 1,470,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ CONSUMER LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Indirect home improvement ​ 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 109,645 ​ $ 236,709 ​ $ 106,692 ​ $ 40,712 ​ $ 26,991 ​ $ 35,229 ​ $ 7 ​ $ — ​ $ 555,985 Substandard ​ ​ 100 ​ ​ 635 ​ ​ 489 ​ ​ 193 ​ ​ 247 ​ ​ 169 ​ ​ — ​ ​ — ​ ​ 1,833 Total indirect home improvement ​ ​ 109,745 ​ ​ 237,344 ​ ​ 107,181 ​ ​ 40,905 ​ ​ 27,238 ​ ​ 35,398 ​ ​ 7 ​ ​ — ​ ​ 557,818 Indirect home improvement gross charge-offs ​ ​ 31 ​ ​ 511 ​ ​ 194 ​ ​ 113 ​ ​ 104 ​ ​ 228 ​ ​ — ​ ​ — ​ ​ 1,181 Marine ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 8,001 ​ ​ 25,589 ​ ​ 10,717 ​ ​ 14,130 ​ ​ 5,523 ​ ​ 8,053 ​ ​ — ​ ​ — ​ ​ 72,013 Substandard ​ ​ — ​ ​ — ​ ​ 25 ​ ​ — ​ ​ 147 ​ ​ 299 ​ ​ — ​ ​ — ​ ​ 471 Total marine ​ ​ 8,001 ​ ​ 25,589 ​ ​ 10,742 ​ ​ 14,130 ​ ​ 5,670 ​ ​ 8,352 ​ ​ — ​ ​ — ​ ​ 72,484 Marine gross charge-offs ​ ​ — ​ ​ 47 ​ ​ 93 ​ ​ — ​ ​ 7 ​ ​ 182 ​ ​ — ​ ​ — ​ ​ 329 Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 101 ​ ​ 707 ​ ​ 244 ​ ​ 115 ​ ​ 21 ​ ​ 231 ​ ​ 2,184 ​ ​ — ​ ​ 3,603 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 Total other consumer ​ ​ 101 ​ ​ 707 ​ ​ 244 ​ ​ 115 ​ ​ 21 ​ ​ 231 ​ ​ 2,187 ​ ​ — ​ ​ 3,606 Other consumer gross charge-offs ​ ​ — ​ ​ 2 ​ ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ 68 ​ ​ — ​ ​ 75 Total consumer loans ​ $ 117,847 ​ $ 263,640 ​ $ 118,167 ​ $ 55,150 ​ $ 32,929 ​ $ 43,981 ​ $ 2,194 ​ $ — ​ $ 633,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ BUSINESS LOANS ​ Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial and industrial 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 11,976 ​ $ 31,100 ​ $ 24,364 ​ $ 12,793 ​ $ 5,661 ​ $ 11,506 ​ $ 116,799 ​ $ 92 ​ $ 214,291 Watch ​ ​ 194 ​ ​ — ​ ​ 601 ​ ​ 2,649 ​ ​ — ​ ​ 1,157 ​ ​ 6,563 ​ ​ — ​ ​ 11,164 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 566 ​ ​ 270 ​ ​ 1,135 ​ ​ — ​ ​ 1,971 Substandard ​ ​ 3,529 ​ ​ — ​ ​ 1,565 ​ ​ 1,477 ​ ​ 1,781 ​ ​ 173 ​ ​ 1,452 ​ ​ — ​ ​ 9,977 Total commercial and industrial ​ ​ 15,699 ​ ​ 31,100 ​ ​ 26,530 ​ ​ 16,919 ​ ​ 8,008 ​ ​ 13,106 ​ ​ 125,949 ​ ​ 92 ​ ​ 237,403 Commercial and industrial gross charge-offs ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Warehouse lending ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 28,391 ​ ​ — ​ ​ 28,391 Watch ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,258 ​ ​ — ​ ​ 2,258 Total warehouse lending ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 30,649 ​ ​ — ​ ​ 30,649 Total commercial business loans ​ $ 15,699 ​ $ 31,100 ​ $ 26,530 ​ $ 16,919 ​ $ 8,008 ​ $ 13,106 ​ $ 156,598 ​ $ 92 ​ $ 268,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL LOANS RECEIVABLE, GROSS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 266,088 ​ $ 761,000 ​ $ 489,932 ​ $ 267,903 ​ $ 138,296 ​ $ 210,351 ​ $ 195,243 ​ $ 898 ​ $ 2,329,711 Watch ​ ​ 194 ​ ​ 10,378 ​ ​ 601 ​ ​ 2,649 ​ ​ 453 ​ ​ 1,157 ​ ​ 8,837 ​ ​ — ​ ​ 24,269 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 983 ​ ​ 270 ​ ​ 1,135 ​ ​ — ​ ​ 2,388 Substandard ​ ​ 3,629 ​ ​ 635 ​ ​ 2,079 ​ ​ 1,670 ​ ​ 2,175 ​ ​ 4,752 ​ ​ 1,466 ​ ​ — ​ ​ 16,406 Total loans receivable, gross ​ $ 269,911 ​ $ 772,013 ​ $ 492,612 ​ $ 272,222 ​ $ 141,907 ​ $ 216,530 ​ $ 206,681 ​ $ 898 ​ $ 2,372,774 Total gross charge-offs ​ $ 31 ​ $ 560 ​ $ 293 ​ $ 113 ​ $ 111 ​ $ 410 ​ $ 78 ​ $ — ​ $ 1,596 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ REAL ESTATE LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial ​ 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 86,189 ​ $ 76,030 ​ $ 46,125 ​ $ 38,930 ​ $ 14,101 ​ $ 55,271 ​ $ — ​ $ — ​ $ 316,646 Watch ​ ​ 9,504 ​ ​ — ​ ​ 373 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,877 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,113 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,113 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 581 ​ ​ 4,842 ​ ​ — ​ ​ — ​ ​ 5,423 Total commercial ​ ​ 95,693 ​ ​ 76,030 ​ ​ 46,498 ​ ​ 41,043 ​ ​ 14,682 ​ ​ 60,113 ​ ​ — ​ ​ — ​ ​ 334,059 Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 193,084 ​ ​ 118,724 ​ ​ 21,966 ​ ​ 8,379 ​ ​ — ​ ​ 438 ​ ​ — ​ ​ — ​ ​ 342,591 Total construction and development ​ ​ 193,084 ​ ​ 118,724 ​ ​ 21,966 ​ ​ 8,379 ​ ​ — ​ ​ 438 ​ ​ — ​ ​ — ​ ​ 342,591 Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,978 ​ ​ 1,696 ​ ​ 6,818 ​ ​ 11 ​ ​ 1,203 ​ ​ 1,572 ​ ​ 39,063 ​ ​ — ​ ​ 55,341 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 33 ​ ​ — ​ ​ — ​ ​ 46 Total home equity ​ ​ 4,978 ​ ​ 1,696 ​ ​ 6,818 ​ ​ 11 ​ ​ 1,216 ​ ​ 1,605 ​ ​ 39,063 ​ ​ — ​ ​ 55,387 One-to-four-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 166,388 ​ ​ 129,282 ​ ​ 82,461 ​ ​ 31,878 ​ ​ 15,837 ​ ​ 40,526 ​ ​ — ​ ​ 199 ​ ​ 466,571 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,941 ​ ​ 973 ​ ​ — ​ ​ — ​ ​ 2,914 Total one-to-four-family ​ ​ 166,388 ​ ​ 129,282 ​ ​ 82,461 ​ ​ 31,878 ​ ​ 17,778 ​ ​ 41,499 ​ ​ — ​ ​ 199 ​ ​ 469,485 Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 41,041 ​ ​ 63,353 ​ ​ 48,376 ​ ​ 38,805 ​ ​ 4,176 ​ ​ 23,987 ​ ​ — ​ ​ — ​ ​ 219,738 Total multi-family ​ ​ 41,041 ​ ​ 63,353 ​ ​ 48,376 ​ ​ 38,805 ​ ​ 4,176 ​ ​ 23,987 ​ ​ — ​ ​ — ​ ​ 219,738 Total real estate loans ​ $ 501,184 ​ $ 389,085 ​ $ 206,119 ​ $ 120,116 ​ $ 37,852 ​ $ 127,642 ​ $ 39,063 ​ $ 199 ​ $ 1,421,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ CONSUMER LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Indirect home improvement ​ 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 253,495 ​ $ 123,264 ​ $ 46,476 ​ $ 31,251 ​ $ 18,165 ​ $ 22,205 ​ $ 9 ​ $ — ​ $ 494,865 Substandard ​ ​ 347 ​ ​ 213 ​ ​ 137 ​ ​ 62 ​ ​ 169 ​ ​ 148 ​ ​ — ​ ​ — ​ ​ 1,076 Total indirect home improvement ​ ​ 253,842 ​ ​ 123,477 ​ ​ 46,613 ​ ​ 31,313 ​ ​ 18,334 ​ ​ 22,353 ​ ​ 9 ​ ​ — ​ ​ 495,941 Marine ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 27,904 ​ ​ 11,762 ​ ​ 15,139 ​ ​ 6,224 ​ ​ 5,415 ​ ​ 3,856 ​ ​ — ​ ​ — ​ ​ 70,300 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 151 ​ ​ 61 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 267 Total marine ​ ​ 27,904 ​ ​ 11,762 ​ ​ 15,139 ​ ​ 6,375 ​ ​ 5,476 ​ ​ 3,911 ​ ​ — ​ ​ — ​ ​ 70,567 Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 792 ​ ​ 754 ​ ​ 116 ​ ​ 48 ​ ​ 14 ​ ​ 80 ​ ​ 1,251 ​ ​ — ​ ​ 3,055 Substandard ​ ​ 1 ​ ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 9 Total other consumer ​ ​ 793 ​ ​ 759 ​ ​ 116 ​ ​ 48 ​ ​ 14 ​ ​ 80 ​ ​ 1,254 ​ ​ — ​ ​ 3,064 Total consumer loans ​ $ 282,539 ​ $ 135,998 ​ $ 61,868 ​ $ 37,736 ​ $ 23,824 ​ $ 26,344 ​ $ 1,263 ​ $ — ​ $ 569,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ BUSINESS LOANS ​ Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial and industrial 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 24,337 ​ $ 22,561 ​ $ 12,461 ​ $ 3,940 ​ $ 3,074 ​ $ 7,701 ​ $ 104,524 ​ $ — ​ $ 178,598 Watch ​ ​ — ​ ​ 1,127 ​ ​ 2,932 ​ ​ — ​ ​ — ​ ​ 746 ​ ​ 1,327 ​ ​ — ​ ​ 6,132 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 634 ​ ​ — ​ ​ — ​ ​ 963 ​ ​ — ​ ​ 1,597 Substandard ​ ​ — ​ ​ 1,586 ​ ​ 1,265 ​ ​ 2,291 ​ ​ 190 ​ ​ 3,739 ​ ​ 1,093 ​ ​ 300 ​ ​ 10,464 Total commercial and industrial ​ ​ 24,337 ​ ​ 25,274 ​ ​ 16,658 ​ ​ 6,865 ​ ​ 3,264 ​ ​ 12,186 ​ ​ 107,907 ​ ​ 300 ​ ​ 196,791 Warehouse lending ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 31,227 ​ ​ — ​ ​ 31,227 Watch ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Total warehouse lending ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 31,229 ​ ​ — ​ ​ 31,229 Total commercial business loans ​ $ 24,337 ​ $ 25,274 ​ $ 16,658 ​ $ 6,865 ​ $ 3,264 ​ $ 12,186 ​ $ 139,136 ​ $ 300 ​ $ 228,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL LOANS RECEIVABLE, GROSS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 798,208 ​ $ 547,426 ​ $ 279,938 ​ $ 159,466 ​ $ 61,985 ​ $ 155,63

SERVICING RIGHTS

SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2023
SERVICING RIGHTS
SERVICING RIGHTS	NOTE 5 – SERVICING RIGHTS Loans serviced for others are not included on the Consolidated Balance Sheets. The unpaid principal balance of permanent loans serviced for others was $2.80 billion and $2.78 billion at June 30, 2023 and December 31, 2022, respectively. The following table summarizes mortgage servicing rights (“MSR”) activity at or for the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended ​ ​ June 30, ​ 2023 ​ 2022 Beginning balance, at the lower of cost or fair value ​ $ 17,599 ​ $ 18,041 Additions ​ 920 ​ 1,460 MSR amortized ​ (894) ​ (985) Recovery of servicing rights ​ 2 ​ — Ending balance, at the lower of cost or fair value ​ $ 17,627 ​ $ 18,516 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended ​ ​ June 30, ​ 2023 ​ 2022 Beginning balance, at the lower of cost or fair value ​ $ 18,017 ​ $ 16,970 Additions ​ 1,325 ​ 4,010 MSR amortized ​ (1,715) ​ (2,465) Recovery of servicing rights ​ ​ — ​ ​ 1 Ending balance, at the lower of cost or fair value ​ $ 17,627 ​ $ 18,516 ​ The fair value of the servicing rights’ assets was $37.5 million and $35.5 million at June 30, 2023 and December 31, 2022, 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 MSR at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ At December 31, Key assumptions: 2023 2022 ​ Weighted average discount rate 9.6 % 9.6 % Conditional prepayment rate (“CPR”) 7.1 % 8.2 % Weighted average life in years 8.4 7.8 ​ ​ 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 the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ Aggregate portfolio principal balance ​ $ 2,801,966 $ 2,783,458 ​ Weighted average rate of note ​ ​ 3.5 % ​ 3.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2023 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change ​ Conditional prepayment rate ​ 7.1 % ​ 7.7 % ​ 8.9 % Fair value MSR ​ $ 37,486 $ 36,845 $ 35,649 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 9.6 % 10.1 % 10.6 % Fair value MSR ​ $ 37,486 $ 36,651 $ 35,851 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change ​ Conditional prepayment rate ​ 8.2 % ​ 8.6 % ​ 9.3 % Fair value MSR ​ $ 35,478 $ 34,997 $ 34,188 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 9.6 % 10.1 % 10.6 % Fair value MSR ​ $ 35,478 $ 34,715 $ 33,984 ​ Percentage of MSR ​ 1.3 % 1.2 % 1.2 % ​ 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 the fair value of MSR. 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 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 the fair value of MSR 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 $1.8 million of gross contractually specified servicing fees, late fees, and other ancillary fees resulting from servicing of loans for both the three months ended June 30, 2023 and 2022, and $3.6 million and $3.5 million for the six months ended June 30, 2023 and 2022, respectively. The income, net of MSR amortization, is reported in “Service charges and fee income” on the Consolidated Statements of Income.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2023
DERIVATIVES
DERIVATIVES	NOTE 6 – DERIVATIVES The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s predominant derivative and hedging activities involve interest rate swaps related to certain borrowings, brokered deposits, investment securities, forward sales contracts, and commitments to extend credit associated with mortgage banking activities. Generally, these instruments help the Company manage exposure to market risk. Market risk represents the possibility that economic value or net interest income will be adversely affected by fluctuations in external factors such as market-driven interest rates and prices or other economic factors. Mortgage Banking Derivatives Not Designated as Hedges The Company regularly enters into commitments to originate and sell loans held for sale. The Company has exposure to movements in interest rates associated with written interest rate lock commitments with potential borrowers to originate one-to four-family loans that are intended to be sold and for closed one-to-four-family mortgage loans held for sale for which fair value accounting has been elected, that are awaiting sale and delivery into the secondary market. The Company economically hedges the risk of changing interest rates associated with these mortgage loan commitments by entering into forward sales contracts to sell one-to-four-family mortgage loans or 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. Customer Swaps Not Designated as Hedges The Company also enters into derivative contracts, which consist of interest rate swaps, to facilitate the needs of clients desiring to manage interest rate risk. These swaps are not designated as accounting hedges under ASC 815, Derivatives and Hedging. To economically hedge the interest rate risk associated with offering this product, the Company simultaneously enters into derivative contracts with third parties to offset the customer contracts such that the Company minimizes its net risk exposure resulting from such transactions. The derivative contracts are structured such that the notional amounts reduce over time to generally match the expected amortization of the underlying loans. These derivatives are not speculative and arise from a service provided to clients. Cash Flow Hedges The Bank has entered into interest rate swaps to reduce the exposure to variability in interest-related cash outflows related to brokered deposits. These derivative instruments are designated as cash flow hedges. 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 hedging effectiveness on a quarterly basis. The accumulated other comprehensive income 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 expects that approximately $5.5 million will be reclassified from accumulated other comprehensive loss as a decrease to interest expense over the next 12 months related to these cash flow hedges. Fair Value Hedges The Company is exposed to changes in the fair value of certain of its pools of prepayable fixed-rate assets due to changes in benchmark interest rates. The Company uses interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rate, the SOFR. Interest rate swaps designated as fair value hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in interest income. The following amounts were recorded on the balance sheet related to cumulative-basis adjustment for fair value hedges for the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Line item in the statement of financial ​ ​ ​ position in which the hedged Item is ​ ​ included Hedged Assets June 30, 2023 ​ ​ ​ ​ ​ ​ Investment securities (1) ​ $ 55,833 ​ $ 4,167 Total ​ $ 55,833 ​ $ 4,167 ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Investment securities (1) ​ $ 55,893 ​ $ 4,107 Total ​ $ 55,893 ​ $ 4,107 _________________________ (1) These amounts include the amortized cost basis of closed portfolios used in designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2023, the amortized cost basis of the closed portfolios used in these hedging relationships was $240.1 million; the cumulative basis adjustments associated with these hedging relationships was $4.2 million; and the amounts of the designated hedged items was $60.0 million. The following tables summarize the Company’s derivative instruments at the dates indicated. The Company 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, as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps - brokered deposits ​ $ 180,000 ​ $ 7,361 ​ $ — Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ 60,000 ​ ​ 4,149 ​ ​ — Non-hedging derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ Fallout adjusted interest rate lock commitments with customers ​ ​ 34,260 ​ ​ 273 ​ ​ — Mandatory and best effort forward commitments with investors ​ 7,856 ​ 123 ​ — Forward TBA mortgage-backed securities ​ ​ 36,000 ​ ​ 192 ​ ​ — Customer swap positions ​ ​ 882 ​ ​ — ​ ​ 79 Dealer offsets to customer swap positions ​ ​ 882 ​ ​ 81 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Fair Value Cash flow hedges: ​ Notional Asset Liability Interest rate swaps - brokered deposits ​ $ 90,000 ​ $ 5,780 ​ $ — Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ 60,000 ​ ​ 4,090 ​ ​ — Non-hedging derivatives: ​ ​ ​ ​ ​ ​ ​ ​ Fallout adjusted interest rate lock commitments with customers ​ ​ 8,837 ​ ​ 107 ​ ​ — Mandatory and best effort forward commitments with investors ​ 4,558 ​ — ​ 38 Forward TBA mortgage-backed securities ​ ​ 27,000 ​ ​ 164 ​ ​ — ​ The following table summarizes the effect of fair value and cash flow hedge accounting on the Consolidated Statements of Income for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2023 ​ 2022 ​ ​ Interest ​ Interest ​ Interest ​ Interest ​ ​ Expense ​ Income ​ Expense ​ Income ​ Deposits Securities Deposits Securities Total amounts presented on the Consolidated Statements of Income ​ $ 7,610 ​ $ 2,651 ​ $ 1,557 ​ $ 1,670 Net gains (losses) on fair value hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized on hedged items ​ ​ — ​ ​ (1,191) ​ ​ — ​ ​ (933) Recognized on derivatives designated as hedging instruments ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 831 Net income (expense) recognized on fair value hedges ​ $ — ​ $ 363 ​ $ — ​ $ (102) Net gain on cash flow hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - brokered deposits and borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gains (pre-tax) reclassified from AOCI into net income ​ $ 1,271 ​ $ — ​ $ 55 ​ $ — Net income recognized on cash flow hedges ​ $ 1,271 ​ $ — ​ $ 55 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2023 ​ 2022 ​ Interest Interest Interest Interest ​ ​ Expense ​ Income ​ Expense ​ Income ​ ​ Deposits ​ Securities ​ Deposits ​ Securities Total amounts presented on the Consolidated Statements of Income ​ $ 14,234 ​ $ 5,271 ​ $ 2,842 ​ $ 3,249 Net gains (losses) on fair value hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized on hedged items ​ ​ — ​ ​ 597 ​ ​ — ​ ​ (933) Recognized on derivatives designated as hedging instruments ​ ​ — ​ ​ 59 ​ ​ — ​ ​ 831 Net income (expense) recognized on fair value hedges ​ $ — ​ $ 656 ​ $ — ​ $ (102) Net gain (loss) on cash flow hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - brokered deposits and borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gains (losses) (pre-tax) reclassified from AOCI into net income ​ $ 2,178 ​ $ — ​ $ (46) ​ $ — Net income (expense) recognized on cash flow hedges ​ $ 2,178 ​ $ — ​ $ (46) ​ $ — ​ 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 $51,000 and $1.5 million for the three months ended June 30, 2023 and 2022, and net gains of $373,000 and net losses of $1.7 million for the six months ended June 30, 2023 and 2022, respectively. ​ The following tables present a summary of amounts outstanding in derivative financial instruments including those entered into in connection with the same counter-party under master netting agreements at the dates indicated. While these agreements are typically over-collateralized, GAAP requires disclosures in this table to limit the amount of such collateral to the amount of the related asset or liability for each counter-party. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Net Amounts of Assets ​ Gross Amounts Not Offset ​ Gross Amounts ​ Offset in the ​ Presented in the ​ in the Statement of Financial Position ​ of Recognized ​ Statement of ​ Statement of ​ Financial ​ Cash Collateral ​ ​ Offsetting of derivative assets Assets Financial Position Financial Position Instruments Received Net Amount June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps $ 11,591 ​ $ — ​ $ 11,591 ​ $ — ​ $ — ​ $ 11,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 9,870 ​ $ — ​ $ 9,870 ​ $ — ​ $ — ​ $ 9,870 ​ Credit–Risk–Related Contingent Features The Company has interest rate swap agreements with certain of its derivative counterparties that contain a provision where if the Company either defaults or fails to maintain its status as a well or adequately capitalized institution, then the Company could be required to terminate the contracts or post additional collateral. At June 30, 2023, the Company had no derivatives in a net liability position related to these agreements. The Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of securities with a carrying value of $2.8 million and cash of $680,000 to secure interest rate swap agreements at June 30, 2023. The Company had posted cash collateral of $115,000 for TBA trades with counterparties at that date. In certain cases, the Company will have posted excess collateral, compared to total exposure due to initial margin requirements or day-to-day rate volatility.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
LEASES
LEASES	NOTE 7 – LEASES The Company has operating leases for retail bank and home lending branches, loan production offices, and certain equipment. The Company’s leases have remaining lease terms of nine months to seven years, some of which include options to extend the leases for up to five years. The components of lease cost (included in occupancy expense on the Consolidated Statements of Income) are as follows for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended Lease cost: June 30, 2023 June 30, 2022 Operating lease cost ​ $ 471 ​ $ 348 Short-term lease cost ​ 5 ​ 7 Total lease cost ​ $ 476 ​ $ 355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended Lease cost: June 30, 2023 June 30, 2022 Operating lease cost ​ $ 881 ​ $ 691 Short-term lease cost ​ 9 ​ 8 Total lease cost ​ $ 890 ​ $ 699 ​ The following tables provide supplemental information related to operating leases at or for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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: June 30, 2023 June 30, 2022 Operating cash flows from operating leases ​ $ 482 ​ ​ $ 357 ​ Weighted average remaining lease term- operating leases ​ ​ 4.4 years ​ 4.7 years Weighted average discount rate- operating leases ​ ​ 2.92 % ​ 2.05 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the ​ At or For the Cash paid for amounts included in the ​ Six Months Ended ​ Six Months Ended measurement of lease liabilities: June 30, 2023 June 30, 2022 Operating cash flows from operating leases ​ $ 906 ​ ​ $ 703 ​ Weighted average remaining lease term- operating leases ​ ​ 4.4 years ​ 4.7 years Weighted average discount rate- operating leases ​ ​ 2.92 % ​ 2.05 % ​ 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 June 30, 2023 for future periods are as follows: ​ ​ ​ ​ ​ Remainder of 2023 $ 964 2024 ​ 1,933 2025 ​ 1,628 2026 ​ 1,475 2027 ​ ​ 1,173 Thereafter ​ 1,383 Total lease payments ​ ​ 8,556 Less imputed interest ​ ​ (866) Total ​ $ 7,690 ​

OTHER REAL ESTATE OWNED ("OREO"

OTHER REAL ESTATE OWNED ("OREO")	6 Months Ended
	Jun. 30, 2023
OTHER REAL ESTATE OWNED ("OREO")
OTHER REAL ESTATE OWNED ("OREO")	NOTE 8 – OTHER REAL ESTATE OWNED (“OREO”) The following table presents the activity related to OREO at or for the three and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended ​ At or For the Six Months Ended ​ ​ June 30, ​ June 30, ​ 2023 2022 2023 ​ 2022 Beginning balance ​ $ 570 ​ $ — ​ $ 570 ​ $ — Loans transferred to OREO ​ — ​ 145 ​ — ​ 145 Ending balance ​ $ 570 ​ $ 145 ​ $ 570 ​ $ 145 ​ There was one OREO property (a closed branch in Centralia, Washington) at June 30, 2023 and one at June 30, 2022. There were no OREO holding costs for the three and six months ended June 30, 2023 or 2022. There were $221,000 and $511,000 in portfolio mortgage loans collateralized by residential real estate property in the process of foreclosure

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2023
DEPOSITS
DEPOSITS	NOTE 9 – DEPOSITS Deposits are summarized as follows at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 Noninterest-bearing checking ​ $ 658,440 ​ $ 537,938 Interest-bearing checking (1) ​ 183,012 ​ 135,127 Savings ​ 169,013 ​ 134,358 Money market (2) ​ 419,308 ​ 574,290 Certificates of deposit less than $100,000 (3) ​ 473,026 ​ 440,785 Certificates of deposit of $100,000 through $250,000 ​ 358,238 ​ 195,447 Certificates of deposit of $250,000 and over ​ 87,499 ​ 93,560 Escrow accounts related to mortgages serviced (4) ​ 16,772 ​ 16,236 Total ​ $ 2,365,308 ​ $ 2,127,741 ________________________ (1) Includes $0 and $2.3 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (2) Includes $51,000 and $59.7 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (3) Includes $295.7 million and $332.0 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (4) Noninterest-bearing accounts. Scheduled maturities of time deposits at June 30, 2023 for future periods ending are as follows: ​ ​ ​ ​ ​ Maturing in 2023 ​ $ 382,635 Maturing in 2024 ​ ​ 339,314 Maturing in 2025 ​ ​ 130,136 Maturing in 2026 ​ ​ 45,574 Maturing in 2027 ​ ​ 20,697 Thereafter ​ ​ 408 Total ​ $ 918,764 ​ Interest expense by deposit category for the periods indicated is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended ​ ​ June 30, ​ June 30, ​ ​ 2023 2022 2023 ​ 2022 Interest-bearing checking ​ $ 370 ​ $ 92 ​ $ 468 ​ $ 253 Savings and money market ​ 1,344 ​ 711 ​ 2,542 ​ 1,094 Certificates of deposit ​ 5,896 ​ 754 ​ 11,224 ​ 1,495 Total ​ $ 7,610 ​ $ 1,557 ​ $ 14,234 ​ $ 2,842 ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 – 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 the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ COMMITMENTS TO EXTEND CREDIT June 30, ​ December 31, REAL ESTATE LOANS ​ 2023 2022 Commercial ​ $ 2,843 ​ $ 1,260 Construction and development ​ 168,952 ​ 201,708 One-to-four-family (includes locks for saleable loans) ​ 42,270 ​ 10,713 Home equity ​ 96,279 ​ 77,566 Multi-family ​ 2,958 ​ 2,999 Total real estate loans ​ 313,302 ​ 294,246 CONSUMER LOANS ​ 32,731 ​ 39,406 COMMERCIAL BUSINESS LOANS ​ ​ ​ Commercial and industrial ​ 168,593 ​ 150,109 Warehouse lending ​ 47,866 ​ 64,781 Total commercial business loans ​ 216,459 ​ 214,890 Total commitments to extend credit ​ $ 562,492 ​ $ 548,542 ​ 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 does 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 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 ACL – unfunded loan commitments at June 30, 2023 and December 31, 2022 was $1.9 million and $2.5 million, respectively. The decline in the ACL was due to the Company recording a recovery from the ACL – unfunded loan commitments of $596,000 for the six months ended June 30, 2023, as compared to a provision for credit losses – unfunded loan commitments of $485,000 for the six months ended June 30, 2022. The Company recorded a recovery from the ACL – unfunded loan commitments of $347,000 for the three months ended June 30, 2023, as compared to a provision for credit losses – unfunded loan commitments of $520,000 for the three months ended June 30, 2022, primarily attributable to a decline in unfunded construction loan commitments over the periods. 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 June 30, 2023, total loans sold to the FHLB of Des Moines were $10.0 million with the FLA totaling $581,000 and the CE obligation at $389,000 or 3.9% of the loans outstanding. Management has established a holdback of 10% of the outstanding CE, or $39,000, which is a part of the off-balance sheet holdback for loans sold. At both June 30, 2023 and December 31, 2022, 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 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 June 30, 2023.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS The Company determines fair value based on the requirements established in Accounting Standards Codification (“ASC”) Topic 820 Fair Value Measurements, Topic 820 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. Certain residential mortgage loans were initially originated for sale and measured at fair value; after origination, the loans were transferred to loans held for investment. As of June 30, 2023 and December 31, 2022, there were $14.3 million and $14.0 million, respectively, in residential mortgage loans accounted for under the fair value option as they were previously transferred from held for sale, at fair value to loans held for investment. The aggregate unpaid principal balance of these loans was $15.9 million and $15.6 million as of June 30, 2023 and December 31, 2022, respectively. Gains and losses from changes in fair value for these loans are reported in earnings as a component of “Other noninterest income” on the Consolidated Statements of Income. For the three months ended June 30, 2023, the Company recorded a net decrease in fair value of $520,000 , as compared to a net decrease in fair value of $516,000 for the three months ended June 30, 2022. For the six months ended June 30, 2023, the Company recorded a net increase in fair value of $57,000 , as compared to a net decrease in fair value of $ 1.0 million for the six months ended June 30, 2022. 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 (Level 2). Derivative Instruments Other Real Estate Owned Fair value adjustments to OREO are recorded at the lower of carrying amount of the loan or fair value of the collateral less selling costs. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the ACL for loans. After foreclosure, management periodically performs valuations such that the real estate is carried at the lower of its new cost basis or fair value, net of estimated costs to sell (Level 3). 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, loans receivable, at fair value, and derivative assets and liabilities measured at fair value on a recurring basis at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Assets ​ At June 30, 2023 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities ​ $ — ​ $ 17,638 ​ $ — ​ $ 17,638 Corporate securities ​ — ​ 6,193 ​ — ​ 6,193 Municipal bonds ​ — ​ 118,664 ​ — ​ 118,664 Mortgage-backed securities ​ — ​ 67,597 ​ — ​ 67,597 U.S. Small Business Administration securities ​ — ​ 15,777 ​ — ​ 15,777 Mortgage loans held for sale, at fair value ​ ​ — ​ ​ 16,714 ​ ​ — ​ ​ 16,714 Loans receivable, at fair value ​ ​ — ​ ​ 14,349 ​ ​ — ​ ​ 14,349 Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ ​ — ​ ​ — ​ ​ 273 ​ ​ 273 Forward TBA mortgage-backed securities ​ ​ — ​ ​ 192 ​ ​ — ​ ​ 192 Mandatory and best effort forward commitments with investors ​ ​ — ​ ​ — ​ ​ 123 ​ ​ 123 Interest rate swaps ​ ​ — ​ ​ 11,591 ​ ​ — ​ ​ 11,591 Total assets measured at fair value ​ $ — ​ $ 268,715 ​ $ 396 ​ $ 269,111 Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ — ​ $ (79) ​ $ — ​ $ (79) Total liabilities measured at fair value ​ $ — ​ $ (79) ​ $ — ​ $ (79) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Assets ​ At December 31, 2022 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities ​ $ — ​ $ 17,288 ​ $ — ​ $ 17,288 Corporate securities ​ — ​ 8,545 ​ — ​ 8,545 Municipal bonds ​ — ​ 120,602 ​ — ​ 120,602 Mortgage-backed securities ​ — ​ 69,966 ​ — ​ 69,966 U.S. Small Business Administration securities ​ — ​ 12,851 ​ — ​ 12,851 Mortgage loans held for sale, at fair value ​ ​ — ​ ​ 20,093 ​ ​ — ​ ​ 20,093 Loans receivable, at fair value ​ ​ — ​ ​ 14,035 ​ ​ — ​ ​ 14,035 Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward TBA mortgage-backed securities ​ ​ — ​ ​ 164 ​ ​ — ​ ​ 164 Interest rate swaps ​ ​ — ​ ​ 9,870 ​ ​ — ​ ​ 9,870 Interest rate lock commitments with customers ​ ​ — ​ ​ — ​ ​ 107 ​ ​ 107 Total assets measured at fair value ​ $ — ​ $ 273,414 ​ $ 107 ​ $ 273,521 Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mandatory and best effort forward commitments with investors ​ $ — ​ $ — ​ $ (38) ​ $ (38) Total liabilities measured at fair value ​ $ — ​ $ — ​ $ (38) ​ $ (38) ​ The following table presents financial assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy at June 30, 2023. There were no financial assets measured at fair value on a nonrecurring basis as of December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Level 1 Level 2 Level 3 Total MSR ​ $ — $ — $ 37,486 $ 37,486 ​ ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3 ​ Significant ​ Weighted Average Range Fair Value ​ Valuation ​ Unobservable ​ ​ ​ June 30, ​ ​ December 31, ​ Instruments Techniques Inputs Range 2023 ​ 2022 RECURRING ​ ​ ​ ​ Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% ​ 91.3 % ​ 92.5 % Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% ​ 91.3 % ​ 92.5 % NONRECURRING ​ ​ ​ ​ ​ MSR ​ Industry sources ​ Pre-payment speeds ​ 0% - 50% ​ 7.1 % ​ 8.2 % ​ The pull-through rate is based on historical loan closing rates for similar interest rate lock commitments. An increase or decrease in the pull-through rate would have a corresponding positive or negative fair value adjustment. The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchases ​ ​ ​ ​ ​ Net change in ​ Net change in Three Months Ended Beginning and Sales and Ending ​ fair value for ​ fair value for June 30, 2023 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers ​ $ 565 ​ $ 948 ​ $ (1,240) ​ $ 273 ​ $ (292) ​ $ — Individual forward sale commitments with investors ​ ​ (13) ​ ​ 188 ​ ​ (52) ​ ​ 123 ​ ​ 136 ​ ​ — June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ $ 250 ​ $ 22 ​ $ (88) ​ $ 184 ​ $ (66) ​ $ — Individual forward sale commitments with investors ​ ​ 885 ​ ​ 2,931 ​ ​ (3,298) ​ ​ 518 ​ ​ (367) ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchases ​ ​ Net change in Net change in Six Months Ended Beginning and Sales and Ending fair value for fair value for June 30, 2023 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers ​ $ 107 ​ $ 1,942 ​ $ (1,776) ​ $ 273 ​ $ 166 ​ $ — Individual forward sale commitments with investors ​ ​ (38) ​ ​ 410 ​ ​ (249) ​ ​ 123 ​ ​ 161 ​ ​ — June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ $ 757 ​ $ 2,117 ​ $ (2,690) ​ $ 184 ​ $ (573) ​ $ — Individual forward sale commitments with investors ​ ​ 808 ​ ​ 5,073 ​ ​ (5,363) ​ ​ 518 ​ ​ (290) ​ ​ — __________________________ (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). (Losses) gains on interest rate lock commitments and on forward sale commitments with investors carried at fair value are recorded in “Gain on sale of loans” on the Consolidated Statements of Income. The following table provides estimated fair values of the Company’s financial instruments at the dates indicated, whether or not recognized at fair value on the Consolidated Balance Sheets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 Financial Assets Carrying Fair Carrying Fair Level 1 inputs: Amount Value Amount Value Cash and cash equivalents ​ $ 132,099 ​ $ 132,099 ​ $ 41,437 ​ $ 41,437 Certificates of deposit at other financial institutions ​ 14,747 ​ 14,747 ​ 4,712 ​ 4,712 Level 2 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale, at fair value ​ 225,869 ​ 225,869 ​ 229,252 ​ 229,252 Securities held-to-maturity, gross ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Loans held for sale, at fair value ​ 16,714 ​ 16,714 ​ 20,093 ​ 20,093 FHLB stock, at cost ​ 6,555 ​ 6,555 ​ 10,611 ​ 10,611 Forward TBA mortgage-backed securities ​ ​ 192 ​ ​ 192 ​ ​ 164 ​ ​ 164 Loans receivable, at fair value ​ ​ 14,349 ​ ​ 14,349 ​ ​ 14,035 ​ ​ 14,035 Interest rate swaps ​ ​ 11,591 ​ ​ 11,591 ​ ​ 9,870 ​ ​ 9,870 Accrued interest receivable ​ 12,244 ​ 12,244 ​ 11,144 ​ 11,144 Level 3 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable, gross ​ 2,358,425 ​ 2,280,219 ​ 2,204,817 ​ 2,153,769 MSR, held at lower of cost or fair value ​ 17,627 ​ 37,486 ​ 18,017 ​ 35,478 Fair value interest rate locks with customers ​ 273 ​ 273 ​ 107 ​ 107 Mandatory and best effort forward commitments with investors ​ ​ 123 ​ ​ 123 ​ ​ — ​ ​ — Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 2,365,308 ​ 2,347,200 ​ 2,127,741 ​ 2,105,926 Borrowings ​ 199,896 ​ 199,400 ​ 186,528 ​ 186,188 Subordinated notes, excluding unamortized debt issuance costs ​ 50,000 ​ 47,455 ​ 50,000 ​ 44,500 Accrued interest payable ​ 3,381 ​ 3,381 ​ 2,270 ​ 2,270 Interest rate swaps ​ ​ 79 ​ ​ 79 ​ ​ — ​ ​ — Level 3 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mandatory and best effort forward commitments with investors ​ ​ — ​ ​ — ​ ​ 38 ​ ​ 38 ​

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
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. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share at or for the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, ​ At or For the Six Months Ended June 30, Numerator 2023 2022 2023 ​ 2022 Net income ​ $ 9,116 ​ $ 6,699 ​ $ 17,328 ​ $ 13,569 Dividends and undistributed earnings allocated to participating securities ​ ​ (160) ​ ​ (138) ​ ​ (307) ​ ​ (265) Net income available to common shareholders ​ $ 8,956 ​ $ 6,561 ​ $ 17,021 ​ $ 13,304 Denominator (shown as actual): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common shares outstanding ​ 7,637,210 ​ 7,776,939 ​ 7,635,647 ​ 7,899,522 Dilutive shares ​ 109,126 ​ 119,271 ​ 133,870 ​ 131,214 Diluted weighted average common shares outstanding ​ 7,746,336 ​ 7,896,210 ​ 7,769,517 ​ 8,030,736 Basic earnings per share ​ $ 1.17 ​ $ 0.84 ​ $ 2.23 ​ $ 1.68 Diluted earnings per share ​ $ 1.16 ​ $ 0.83 ​ $ 2.19 ​ $ 1.66 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. ​ ​ 67,675 ​ ​ 68,008 ​ ​ 50,555 ​ ​ 52,364 ​

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
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, nonqualified stock options, and up to 326,000 shares as restricted stock awards (“RSAs”) to directors, emeritus directors, officers, employees or advisory directors of the Company. At June 30, 2023, there were 356,532 stock option awards and 114,222 RSAs available to be granted under the 2018 Plan. Total share-based compensation expense was $364,000 and $1.0 million for the three and six months ended June 30, 2023, respectively, and $481,000 and $932,000 for the three and six months ended June 30, 2022, respectively. Stock Options The 2018 Plan consists of stock option awards that may be granted as incentive stock options or nonqualified stock options. Stock option awards generally vest over a one two 5.5 years for one-year vesting, 5.75 years for two-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 dates indicated (shown as actual): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ ​ ​ Weighted- ​ Remaining ​ ​ ​ ​ ​ ​ ​ Average ​ Contractual Term In ​ Aggregate ​ ​ Shares ​ Exercise Price ​ Years ​ Intrinsic Value Outstanding at January 1, 2023 647,832 ​ $ 26.67 6.84 ​ $ 4,627,255 Granted — ​ $ — — ​ ​ — Less exercised 6,225 ​ $ 8.45 — ​ $ 130,192 Less forfeited or expired 23,295 ​ 34.26 — ​ — Outstanding at June 30, 2023 618,312 ​ $ 26.57 6.35 ​ $ 2,796,274 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected to vest, assuming a 0.31% annual forfeiture rate at June 30, 2023 (1) 610,295 ​ $ 26.55 6.27 ​ $ 2,770,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at June 30, 2023 302,096 ​ $ 24.18 5.04 ​ $ 1,924,864 ____________________________ (1) Forfeiture rate has been calculated and estimated to assume a forfeiture of 3.1% of the options over 10 years . At June 30, 2023, there was $1.4 million of total unrecognized forfeiture adjusted 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 3.0 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 over a one two The following table presents a summary of the Company’s nonvested awards during the dates indicated (shown as actual): ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant-Date Fair Value Nonvested Shares ​ Shares ​ Per Share Nonvested at January 1, 2023 118,530 ​ $ 28.85 Granted — ​ ​ — Less vested 1,453 ​ ​ — Less forfeited or expired 4,812 ​ 33.76 Nonvested at June 30, 2023 112,265 ​ $ 28.64 ​ At June 30, 2023, there was $2.2 million of total unrecognized forfeiture adjusted 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 3.0 years.

REGULATORY CAPITAL

REGULATORY CAPITAL	6 Months Ended
	Jun. 30, 2023
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. Under the risk-based capital adequacy framework, quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Tier 1 capital (as defined in the regulations) to total average assets (as defined), and minimum ratios of Tier 1 total capital (as defined) and common equity Tier 1 (“CET 1”) capital to risk-weighted assets (as defined). The Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage, and CET 1 capital ratios as set forth in the table below to be categorized as well capitalized. At June 30, 2023, the Bank was categorized as well capitalized under applicable regulatory requirements. There are no conditions or events since that notification that management believes have changed the Bank’s category. Management believes, at June 30, 2023, that the Bank met all capital adequacy requirements. The following table compares the Bank’s actual capital amounts and ratios at June 30, 2023 to their minimum regulatory capital requirements and well capitalized regulatory capital at that date: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ For Capital ​ For Capital Adequacy ​ Corrective ​ ​ Actual ​ Adequacy Purposes ​ with Capital Buffer ​ Action Provisions Bank Only Amount Ratio Amount Ratio Amount Ratio Amount Ratio At June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 322,010 12.93 % $ 199,223 8.00 % $ 261,480 10.50 % $ 249,028 10.00 % Tier 1 risk-based capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 290,867 11.68 % $ 149,417 6.00 % $ 211,674 8.50 % $ 199,223 8.00 % Tier 1 leverage capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to average assets) ​ $ 290,867 10.31 % $ 112,816 4.00 % $ N/A N/A ​ $ 141,020 5.00 % CET 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 290,867 11.68 % $ 112,063 4.50 % $ 174,320 7.00 % $ 161,868 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In addition to the minimum CET 1, Tier 1, total capital, and leverage ratios, the Bank is required to maintain a capital conservation buffer consisting of additional CET 1 capital greater than 2.5% of risk-weighted assets above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. At June 30, 2023, the Bank’s capital exceeded the conservation buffer. The Company 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 the Company were subject to regulatory guidelines for bank holding companies with $3.0 billion or more in assets at June 30, 2023, it would have exceeded all regulatory capital requirements. For informational purposes, the regulatory capital ratios calculated for the Company at June 30, 2023 were 8.8% for Tier 1 leverage-based capital, 10.0% for Tier 1 risk-based capital, 13.3% for total risk-based capital, and 10.0% for CET 1 capital ratio. The regulatory capital ratios calculated for the Company at December 31, 2022 were 9.7% for Tier 1 leverage-based capital, 10.7% for Tier 1 risk-based capital, 14.0% for total risk-based capital, and 10.7% for CET 1 capital ratio.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2023
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, 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 June 30, 2023, the Company’s retail deposit branch network consisted of 27 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 sales and the retained one-to-four-family mortgage servicing rights within this business segment. One-to-four-family loans originated for investment and held in this segment are allocated to the home lending segment with a corresponding provision expense and FTP for cost of funds. 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 and six months ended June 30, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2023 Condensed income statement: Commercial and Consumer Banking Home Lending Total Net interest income (1) $ 28,269 ​ $ 3,283 $ 31,552 Provision for credit losses on loans ​ (629) ​ (87) ​ (716) Noninterest income ​ 2,706 ​ 2,127 ​ 4,833 Noninterest expense ​ (18,950) ​ (5,254) ​ (24,204) Income before provision for income taxes ​ 11,396 ​ 69 ​ 11,465 Provision for income taxes ​ (2,335) ​ (14) ​ (2,349) Net income $ 9,061 ​ $ 55 $ 9,116 Total average assets for period ended $ 2,313,228 ​ $ 528,662 $ 2,841,890 Full-time employees ("FTEs") ​ 444 ​ 137 ​ 581 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2022 Condensed income statement: Commercial and Consumer Banking Home Lending Total Net interest income (1) $ 22,084 ​ $ 2,645 $ 24,729 Provision for credit losses on loans ​ (719) ​ (1,152) ​ (1,871) Noninterest income ​ 2,125 ​ 2,230 ​ 4,355 Noninterest expense ​ (14,231) ​ (4,698) ​ (18,929) Income before (provision) benefit for income taxes ​ 9,259 ​ (975) ​ 8,284 (Provision) benefit for income taxes ​ (1,804) ​ 219 ​ (1,585) Net income (loss) $ 7,455 ​ $ (756) $ 6,699 Total average assets for period ended $ 1,957,630 ​ $ 398,690 $ 2,356,320 FTEs ​ 389 ​ 148 ​ 537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2023 ​ ​ Commercial ​ ​ ​ ​ ​ ​ and Consumer ​ ​ ​ ​ Condensed income statement: Banking Home Lending Total Net interest income (1) $ 55,769 ​ $ 6,445 $ 62,214 Provision for credit losses on loans ​ (2,118) ​ (706) ​ (2,824) Noninterest income (2) ​ 5,086 ​ 4,966 ​ 10,052 Noninterest expense ​ (37,560) ​ (10,168) ​ (47,728) Income before provision for income taxes ​ 21,177 ​ 537 ​ 21,714 Provision for income taxes ​ (4,278) ​ (108) ​ (4,386) Net income $ 16,899 ​ $ 429 $ 17,328 Total average assets for period ended $ 2,281,815 ​ $ 510,419 $ 2,792,234 FTEs ​ 444 ​ 137 ​ 581 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2022 ​ ​ Commercial ​ ​ ​ ​ ​ ​ and Consumer ​ ​ ​ ​ Condensed income statement: Banking Home Lending Total Net interest income (1) $ 42,362 ​ $ 5,089 $ 47,451 Provision for credit losses on loans ​ (1,916) ​ (998) ​ (2,914) Noninterest income ​ 4,630 ​ 5,601 ​ 10,231 Noninterest expense ​ (28,407) ​ (9,589) ​ (37,996) Income before provision for income taxes ​ 16,669 ​ 103 ​ 16,772 Provision for income taxes ​ (3,182) ​ (21) ​ (3,203) Net income $ 13,487 ​ $ 82 $ 13,569 Total average assets for period ended $ 1,921,426 ​ $ 392,107 $ 2,313,533 FTEs ​ 389 ​ 148 ​ 537 _____________________________ (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.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
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 $3.6 million at June 30, 2023, and $2.3 million at December 31, 2022, 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 Branch Purchase on February 24, 2023, and the purchase of four retail bank branches 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, 2022, and determined that no impairment of goodwill existed. 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 June 30, 2023, 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, 2022, and the six months ended June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Intangible Assets ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Gross CDI Amortization Net CDI Balance, December 31, 2021 ​ $ 7,490 ​ $ (3,430) ​ $ 4,060 Amortization ​ ​ — ​ ​ (691) ​ ​ (691) Balance, December 31, 2022 ​ ​ 7,490 ​ ​ (4,121) ​ ​ 3,369 Additions as a result of the Branch Purchase ​ ​ 17,438 ​ ​ — ​ ​ 17,438 Amortization ​ ​ — ​ ​ (1,482) ​ ​ (1,482) Balance, June 30, 2023 ​ $ 24,928 ​ $ (5,603) ​ $ 19,325 ​ The CDI represents the fair value of the intangible core deposit base acquired in business combinations. The CDI will be amortized on an accelerated basis over 10 years for the CDI related to the Branch Purchase, on a straight-line basis over 10 years for the CDI related to the Anchor Bank acquisition in November 2018 (“Anchor Acquisition”) and on an accelerated basis over approximately nine years for the CDI related to the four retail bank purchase from Bank of America on January 22, 2016. Total amortization expense was $1.0 million and $1.5 million for the three and six months ended June 30, 2023, and $172,000 and $345,000 for the same periods in 2022. Amortization expense for CDI is expected to be as follows at June 30, 2023: ​ ​ ​ ​ ​ Remainder of 2023 $ 1,982 2024 ​ 3,633 2025 ​ 3,191 2026 ​ 2,846 2027 ​ 2,500 Thereafter ​ 5,173 Total ​ $ 19,325 ​

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2023
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 and/or immaterial to Topic 606, for the dates indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, ​ For the Six Months Ended June 30, Noninterest income 2023 2022 2023 ​ 2022 In-scope of Topic 606: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debit card interchange fees ​ $ 882 ​ $ 584 ​ $ 1,520 ​ $ 1,127 Deposit service and account maintenance fees ​ ​ 388 ​ ​ 225 ​ ​ 664 ​ ​ 441 Noninterest income (in-scope of Topic 606) ​ ​ 1,270 ​ ​ 809 ​ ​ 2,184 ​ ​ 1,568 Noninterest income (out-of-scope and/or immaterial to Topic 606) ​ ​ 3,563 ​ ​ 3,546 ​ ​ 7,868 ​ ​ 8,663 Total noninterest income ​ $ 4,833 ​ $ 4,355 ​ $ 10,052 ​ $ 10,231 ​ Deposit Service and Account Maintenance 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)	6 Months Ended
	Jun. 30, 2023
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Financial Statement Presentation	Financial Statement Presentation The results for the three and six months ended June 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, 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 (“ACL”), fair value of financial instruments, the valuation of servicing rights, business combinations, 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 –
Earnings Per Share ("EPS")	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.
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”)
Application of New Accounting Guidance Adopted in 2023	Application of New Accounting Guidance Adopted in 2023 On January 1, 2023, the Company adopted ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326)
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 (“C&I”) Lending. Warehouse Lending Allowance for Credit Losses Management identifies loans in the Company’s portfolio that must be individually evaluated for loss due to disparate risk characteristics or information suggesting that the Company will be unable to collect all the principal and interest due. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. In estimating the fair value of real estate collateral, management utilizes appraisals or evaluations adjusted for costs to dispose and a distressed sale adjustment, if needed. Estimating the fair value of collateral other than real estate is also subjective in nature and sometimes requires difficult and complex judgements. Determining expected future cash flows can be more subjective than determining fair values. Expected future cash flows could differ significantly, both in timing and amount, from the cash flows actually received over the loan’s remaining life. Individually evaluated loans are excluded from the estimation of credit losses for the pooled portfolio. 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. The vintage methodology measures the expected loss calculation for future periods based on historical performance by the origination period of loans with similar life cycles and risk characteristics. 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 is 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 ACL for 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. After the forecast period, PD rates revert on a straight-line basis back to long-term historical average rates over a 12-month period. Due to very limited default history, management uses index PDs comprised of rates derived from the PD experience of other community banks in place of the Company’s historical PDs. 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 qualitative and environmental adjustments to incorporate all significant risks to form a sufficient basis to estimate the credit losses. ​ Modifications to borrowers experiencing financial difficulty are included in loans collectively evaluated for credit loss. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. A charge to the allowance for credit losses is generally not recorded upon modification. Management believes that the methods selected fairly reflect the historical loss component of expected losses inherent in the Company’s loan portfolio. However, since future losses could vary significantly from those experienced in the past, on a quarterly basis management adjusts its historical loss experience to reflect current and forecasted conditions. In doing so, management considers a variety of general qualitative and quantitative factors (“Q-factors”) and then subjectively determines the weight to assign to each in estimating losses. Qualitative characteristics include differences in underwriting standards, policies, lending staff and environmental risks. Management also considers whether further adjustments to historical loss information are needed to reflect the extent to which current conditions and reasonable and supportable forecasts over the forecasting horizon differ from the conditions that existed during the historical loss period. These quantitative adjustments reflect changes to relevant data such as changes in unemployment rates, average growth in pools of loans, concentrations of credit, delinquencies or other factors associated with the financial assets. The reversion method is applied for periods beyond the forecasting horizon. The Company’s ACL allocable to pools of loans that are collectively evaluated for credit loss results primarily from these qualitative and quantitative adjustments to historical loss experience. Because of the nature of the Q-factors and the degree of judgement involved in assessing their impact, management’s resulting estimate of losses may not accurately reflect current and future losses in the portfolio. The main drivers of the credit provision recorded in the first six months of 2023 were increases in outstanding loans and net charge-offs, average growth rates and increases in specific reserves on individually evaluated loans. ​
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 ACL loan 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. 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” 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 choose to 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. We regularly review our credits for accuracy of risk grades whenever we receive new information. Borrowers are generally required to submit financial information at regular intervals. Typically, commercial borrowers with lines of credit are required to submit financial information with reporting intervals ranging from monthly to annually depending on credit size, risk, and complexity. In addition, nonowner-occupied commercial real estate borrowers with loans exceeding a certain dollar threshold are usually required to submit rent rolls or property income statements annually. We monitor construction loans monthly. We also review loans graded “Watch” or worse, regardless of loan type, no less than quarterly.
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. Certain residential mortgage loans were initially originated for sale and measured at fair value; after origination, the loans were transferred to loans held for investment. As of June 30, 2023 and December 31, 2022, there were $14.3 million and $14.0 million, respectively, in residential mortgage loans accounted for under the fair value option as they were previously transferred from held for sale, at fair value to loans held for investment. The aggregate unpaid principal balance of these loans was $15.9 million and $15.6 million as of June 30, 2023 and December 31, 2022, respectively. Gains and losses from changes in fair value for these loans are reported in earnings as a component of “Other noninterest income” on the Consolidated Statements of Income. For the three months ended June 30, 2023, the Company recorded a net decrease in fair value of $520,000 , as compared to a net decrease in fair value of $516,000 for the three months ended June 30, 2022. For the six months ended June 30, 2023, the Company recorded a net increase in fair value of $57,000 , as compared to a net decrease in fair value of $ 1.0 million for the six months ended June 30, 2022. 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 (Level 2). Derivative Instruments Other Real Estate Owned Fair value adjustments to OREO are recorded at the lower of carrying amount of the loan or fair value of the collateral less selling costs. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the ACL for loans. After foreclosure, management periodically performs valuations such that the real estate is carried at the lower of its new cost basis or fair value, net of estimated costs to sell (Level 3). 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

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2023
BUSINESS COMBINATION
Schedule of estimated fair values of assets acquired and liabilities assumed	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired Book Fair Value Amount February 24, 2023 Value Adjustments Recorded Assets ​ ​ ​ Cash and cash equivalents ​ $ 336,157 ​ $ — ​ $ 336,157 Loans receivable ​ 66,093 ​ (2,902) (1) 63,191 Premises and equipment ​ 6,342 ​ — ​ 6,342 Accrued interest receivable ​ 530 ​ — ​ 530 Core deposit intangible ("CDI") ​ — ​ 17,438 (2) 17,438 Goodwill ​ ​ — ​ ​ 1,280 (3) ​ 1,280 Other assets ​ 11 ​ — ​ 11 Total assets acquired ​ $ 409,133 ​ $ 15,816 ​ $ 424,949 Liabilities ​ ​ ​ Deposits: ​ ​ ​ ​ ​ ​ ​ ​ ​ Noninterest-bearing accounts ​ $ 225,567 ​ $ — ​ $ 225,567 Interest-bearing accounts ​ ​ 199,898 ​ ​ (548) (4) ​ 199,350 Total deposits ​ ​ 425,465 ​ ​ (548) ​ ​ 424,917 Accrued interest payable ​ ​ 4 ​ ​ — ​ ​ 4 Other liabilities ​ 28 ​ — ​ 28 Total liabilities assumed ​ $ 425,497 ​ $ (548) ​ $ 424,949

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
INVESTMENTS
Schedule of available-for-sale securities reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ SECURITIES AVAILABLE-FOR-SALE ​ Cost ​ Gains ​ Losses ​ Values ACL U.S. agency securities ​ $ 21,152 ​ $ 8 ​ $ (3,522) ​ $ 17,638 ​ $ — Corporate securities ​ 6,999 ​ 36 ​ (842) ​ 6,193 ​ ​ — Municipal bonds ​ 140,674 ​ 17 ​ (22,027) ​ 118,664 ​ ​ — Mortgage-backed securities ​ 80,076 ​ — ​ (12,479) ​ 67,597 ​ ​ — U.S. Small Business Administration securities ​ 17,088 ​ 5 ​ (1,316) ​ 15,777 ​ ​ — Total securities available-for-sale ​ ​ 265,989 ​ ​ 66 ​ ​ (40,186) ​ ​ 225,869 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 8,500 ​ ​ — ​ ​ (1,025) ​ ​ 7,475 ​ ​ 31 Total securities held-to-maturity ​ ​ 8,500 ​ ​ — ​ ​ (1,025) ​ ​ 7,475 ​ ​ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities ​ $ 274,489 ​ $ 66 ​ $ (41,211) ​ $ 233,344 ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ SECURITIES AVAILABLE-FOR-SALE ​ Cost ​ Gains ​ Losses ​ Values ACL U.S. agency securities ​ $ 21,153 ​ $ — ​ $ (3,865) ​ $ 17,288 ​ $ — Corporate securities ​ 9,497 ​ 27 ​ (979) ​ 8,545 ​ ​ — Municipal bonds ​ 144,200 ​ 21 ​ (23,619) ​ 120,602 ​ ​ — Mortgage-backed securities ​ 82,424 ​ — ​ (12,458) ​ 69,966 ​ ​ — U.S. Small Business Administration securities ​ 14,519 ​ — ​ (1,668) ​ 12,851 ​ ​ — Total securities available-for-sale ​ ​ 271,793 ​ ​ 48 ​ ​ (42,589) ​ ​ 229,252 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 8,500 ​ ​ — ​ ​ (571) ​ ​ 7,929 ​ ​ 31 Total securities held-to-maturity ​ ​ 8,500 ​ ​ — ​ ​ (571) ​ ​ 7,929 ​ ​ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total securities ​ $ 280,293 ​ $ 48 ​ $ (43,160) ​ $ 237,181 ​ $ 31
Schedule of allowance of credit losses	​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY For the Three Months Ended June 30, Corporate Securities ​ 2023 2022 Beginning allowance balance ​ $ 31 ​ $ 72 Recapture for credit losses ​ — ​ (41) Securities charged-off ​ — ​ — Recoveries ​ — ​ — Total ending allowance balance ​ $ 31 ​ $ 31 ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY For the Six Months Ended June 30, Corporate Securities ​ 2023 2022 Beginning allowance balance ​ $ 31 ​ $ — Impact of adopting ASU 2016-13 ​ ​ — ​ ​ 72 Recapture for credit losses ​ — ​ (41) Securities charged-off ​ — ​ — Recoveries ​ — ​ — Total ending allowance balance ​ $ 31 ​ $ 31
Schedule of amortized cost of debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, Corporate securities 2023 2022 BBB/BBB- ​ $ 7,000 ​ $ 8,500 BB+ ​ ​ 1,500 ​ ​ — Total ​ $ 8,500 ​ $ 8,500
Summary of pledged securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 Purpose or beneficiary Carrying Value Amortized Cost Fair Value State and local government public deposits ​ $ 39,482 ​ $ 45,979 ​ $ 39,482 Interest rate swap counterparties ​ ​ 2,776 ​ ​ 2,887 ​ ​ 2,776 Federal Reserve Bank - Bank Term Funding Program facility ​ ​ 77,113 ​ ​ 91,520 ​ ​ 77,113 Total pledged securities ​ $ 119,371 ​ $ 140,386 ​ $ 119,371
Schedule of unrealized loss on investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ 15,631 ​ $ (3,522) ​ $ 15,631 ​ $ (3,522) Corporate securities ​ ​ — ​ ​ — ​ ​ 4,158 ​ ​ (842) ​ ​ 4,158 ​ ​ (842) Municipal bonds ​ ​ 5,394 ​ ​ (47) ​ ​ 111,803 ​ ​ (21,980) ​ ​ 117,197 ​ ​ (22,027) Mortgage-backed securities ​ 6,814 ​ (312) ​ 60,783 ​ ​ (12,167) ​ 67,597 ​ (12,479) U.S. Small Business Administration securities ​ ​ 4,879 ​ ​ — ​ ​ 8,507 ​ ​ (1,316) ​ ​ 13,386 ​ ​ (1,316) Total securities available-for-sale ​ ​ 17,087 ​ ​ (359) ​ ​ 200,882 ​ ​ (39,827) ​ ​ 217,969 ​ ​ (40,186) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 800 ​ ​ (200) ​ ​ 6,675 ​ ​ (825) ​ ​ 7,475 ​ ​ (1,025) Total securities held-to-maturity ​ ​ 800 ​ ​ (200) ​ ​ 6,675 ​ ​ (825) ​ ​ 7,475 ​ ​ (1,025) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 17,887 ​ $ (559) ​ $ 207,557 ​ $ (40,652) ​ $ 225,444 ​ $ (41,211) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ 3,823 ​ $ (118) ​ $ 13,465 ​ $ (3,747) ​ $ 17,288 ​ $ (3,865) Corporate securities ​ 2,494 ​ (4) ​ 4,026 ​ (975) ​ 6,520 ​ (979) Municipal bonds ​ ​ 44,261 ​ ​ (5,794) ​ ​ 73,990 ​ ​ (17,825) ​ ​ 118,251 ​ ​ (23,619) Mortgage-backed securities ​ 29,791 ​ (3,188) ​ 40,175 ​ (9,270) ​ 69,966 ​ (12,458) U.S. Small Business Administration securities ​ 10,807 ​ (1,162) ​ 2,044 ​ (506) ​ 12,851 ​ (1,668) Total securities available-for-sale ​ ​ 91,176 ​ ​ (10,266) ​ ​ 133,700 ​ ​ (32,323) ​ ​ 224,876 ​ ​ (42,589) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ 7,929 ​ ​ (571) ​ ​ — ​ ​ — ​ ​ 7,929 ​ ​ (571) Total securities held-to-maturity ​ ​ 7,929 ​ ​ (571) ​ ​ — ​ ​ — ​ ​ 7,929 ​ ​ (571) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 99,105 ​ $ (10,837) ​ $ 133,700 ​ $ (32,323) ​ $ 232,805 ​ $ (43,160)
Schedule of available-for-sale and held-to-maturity securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 SECURITIES AVAILABLE-FOR-SALE Amortized Fair Amortized Fair U.S. agency securities ​ Cost ​ Value ​ Cost ​ Value Due within one year ​ $ 931 ​ $ 911 ​ $ — ​ $ — Due after one year through five years ​ ​ 3,941 ​ ​ 3,435 ​ ​ 4,874 ​ ​ 4,321 Due after five years through ten years ​ ​ 8,990 ​ ​ 7,675 ​ ​ 6,989 ​ ​ 5,963 Due after ten years ​ ​ 7,290 ​ ​ 5,617 ​ ​ 9,290 ​ ​ 7,004 Subtotal ​ 21,152 ​ 17,638 ​ 21,153 ​ 17,288 Corporate securities ​ ​ ​ ​ ​ Due within one year ​ 1,000 ​ 1,014 ​ 1,000 ​ 997 Due after one year through five years ​ — ​ — ​ 2,497 ​ 2,519 Due after five years through ten years ​ ​ 4,000 ​ ​ 3,838 ​ ​ 4,000 ​ ​ 3,763 Due after ten years ​ ​ 1,999 ​ ​ 1,341 ​ ​ 2,000 ​ ​ 1,266 Subtotal ​ 6,999 ​ 6,193 ​ 9,497 ​ 8,545 Municipal bonds ​ ​ ​ ​ Due within one year ​ — ​ — ​ 2,660 ​ 2,644 Due after one year through five years ​ 1,026 ​ 1,001 ​ 1,038 ​ 1,012 Due after five years through ten years ​ 6,308 ​ 5,783 ​ 6,341 ​ 5,771 Due after ten years ​ 133,340 ​ 111,880 ​ 134,161 ​ 111,175 Subtotal ​ 140,674 ​ 118,664 ​ 144,200 ​ 120,602 Mortgage-backed securities ​ ​ ​ ​ Federal National Mortgage Association (“FNMA”) ​ 66,597 ​ 55,569 ​ 68,421 ​ 57,358 Federal Home Loan Mortgage Corporation (“FHLMC”) ​ 9,162 ​ 8,329 ​ 9,290 ​ 8,424 Government National Mortgage Association (“GNMA”) ​ 4,317 ​ 3,699 ​ 4,713 ​ 4,184 Subtotal ​ 80,076 ​ 67,597 ​ 82,424 ​ 69,966 U.S. Small Business Administration securities ​ ​ ​ ​ Due within one year ​ ​ 168 ​ ​ 163 ​ ​ — ​ ​ — Due after one year through five years ​ 2,325 ​ 2,183 ​ 2,553 ​ 2,407 Due after five years through ten years ​ ​ 3,756 ​ ​ 3,486 ​ ​ 4,461 ​ ​ 3,996 Due after ten years ​ ​ 10,839 ​ ​ 9,945 ​ ​ 7,505 ​ ​ 6,448 Subtotal ​ ​ 17,088 ​ ​ 15,777 ​ ​ 14,519 ​ ​ 12,851 Total securities available-for-sale ​ ​ 265,989 ​ ​ 225,869 ​ ​ 271,793 ​ ​ 229,252 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SECURITIES HELD-TO-MATURITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Due after five years through ten years ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Total securities held-to-maturity ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Total securities ​ $ 274,489 ​ $ 233,344 ​ $ 280,293 ​ $ 237,181

LOANS RECEIVABLE AND ALLOWANC_2

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS (Tables)	6 Months Ended
	Jun. 30, 2023
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS
Schedule of accounts, notes, loans and financing receivable	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, REAL ESTATE LOANS ​ 2023 2022 Commercial ​ $ 343,008 ​ $ 334,059 Construction and development ​ 312,093 ​ 342,591 Home equity ​ 62,304 ​ 55,387 One-to-four-family (excludes loans held for sale) ​ 521,734 ​ 469,485 Multi-family ​ 231,675 ​ 219,738 Total real estate loans ​ 1,470,814 ​ 1,421,260 CONSUMER LOANS ​ ​ ​ ​ Indirect home improvement ​ 557,818 ​ 495,941 Marine ​ 72,484 ​ 70,567 Other consumer ​ 3,606 ​ 3,064 Total consumer loans ​ 633,908 ​ 569,572 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ Commercial and industrial ​ 237,403 ​ 196,791 Warehouse lending ​ 30,649 ​ 31,229 Total commercial business loans ​ 268,052 ​ 228,020 Total loans receivable, gross ​ 2,372,774 ​ 2,218,852 ACL for loans ​ (30,350) ​ (27,992) Total loans receivable, net ​ $ 2,342,424 ​ $ 2,190,860
Schedule of allowance for credit losses on financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2023 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 12,572 ​ $ 13,401 ​ $ 3,964 ​ $ — ​ $ 29,937 (Reversal of) provision for credit losses on loans ​ ​ (265) ​ ​ 1,266 ​ ​ 62 ​ ​ — ​ ​ 1,063 Charge-offs ​ — ​ (876) ​ — ​ — ​ (876) Recoveries ​ ​ — ​ ​ 226 ​ ​ — ​ ​ — ​ ​ 226 Net charge-offs ​ ​ — ​ ​ (650) ​ ​ — ​ ​ — ​ ​ (650) Total ending ACL balance ​ $ 12,307 ​ $ 14,017 ​ $ 4,026 ​ $ — ​ $ 30,350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2022 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 10,560 ​ $ 9,792 ​ $ 3,013 ​ $ — ​ $ 23,365 Provision for (reversal of) credit losses on loans ​ ​ 952 ​ ​ 830 ​ ​ (163) ​ ​ — ​ ​ 1,619 Charge-offs ​ — ​ (297) ​ — ​ — ​ (297) Recoveries ​ ​ — ​ ​ 280 ​ ​ — ​ ​ — ​ ​ 280 Net charge-offs ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) Total ending ACL balance ​ $ 11,512 ​ $ 10,605 ​ $ 2,850 ​ $ — ​ $ 24,967 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2023 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR LOANS ​ Estate ​ Consumer ​ Business ​ Unallocated ​ Total Beginning balance ​ $ 12,123 ​ $ 12,109 ​ $ 3,760 ​ $ — ​ $ 27,992 Provision for credit losses on loans ​ ​ 194 ​ ​ 2,957 ​ ​ 267 ​ ​ — ​ ​ 3,418 Charge-offs ​ (10) ​ (1,585) ​ (1) ​ — ​ (1,596) Recoveries ​ ​ — ​ ​ 536 ​ ​ — ​ ​ — ​ ​ 536 Net Charge-offs ​ ​ (10) ​ ​ (1,049) ​ ​ (1) ​ ​ — ​ ​ (1,060) Total ending ACL balance ​ $ 12,307 ​ $ 14,017 ​ $ 4,026 ​ $ — ​ $ 30,350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2022 ​ Real ​ ​ Commercial ​ ​ ​ ​ ACL FOR 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 ​ ​ 1,948 ​ ​ 527 ​ ​ (4) ​ ​ — ​ ​ 2,471 Charge-offs ​ — ​ (820) ​ — ​ — ​ (820) Recoveries ​ ​ — ​ ​ 540 ​ ​ — ​ ​ — ​ ​ 540 Net charge-offs ​ ​ — ​ ​ (280) ​ ​ — ​ ​ — ​ ​ (280) Total ending ACL balance ​ $ 11,512 ​ $ 10,605 ​ $ 2,850 ​ $ — ​ $ 24,967
Schedule of past due financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ 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 (1) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 343,008 ​ $ 343,008 ​ $ 1,061 Construction and development ​ — ​ — ​ — ​ — ​ 312,093 ​ 312,093 ​ — Home equity ​ 27 ​ 150 ​ 12 ​ 189 ​ 62,115 ​ 62,304 ​ 50 One-to-four-family ​ — ​ — ​ 209 ​ 209 ​ 521,525 ​ 521,734 ​ 209 Multi-family ​ — ​ — ​ — ​ — ​ 231,675 ​ 231,675 ​ — Total real estate loans ​ 27 ​ 150 ​ 221 ​ 398 ​ 1,470,416 ​ 1,470,814 ​ 1,320 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ 1,216 ​ 930 ​ 723 ​ 2,869 ​ 554,949 ​ 557,818 ​ 1,833 Marine ​ 145 ​ 63 ​ 73 ​ 281 ​ 72,203 ​ 72,484 ​ 471 Other consumer ​ 8 ​ 11 ​ — ​ 19 ​ 3,587 ​ 3,606 ​ 3 Total consumer loans ​ 1,369 ​ 1,004 ​ 796 ​ 3,169 ​ 630,739 ​ 633,908 ​ 2,307 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ — ​ — ​ 2,117 ​ 2,117 ​ 235,286 ​ 237,403 ​ 5,645 Warehouse lending ​ — ​ — ​ — ​ — ​ 30,649 ​ 30,649 ​ — Total commercial business loans ​ — ​ — ​ 2,117 ​ 2,117 ​ 265,935 ​ 268,052 ​ 5,645 Total loans ​ $ 1,396 ​ $ 1,154 ​ $ 3,134 ​ $ 5,684 ​ $ 2,367,090 ​ $ 2,372,774 ​ $ 9,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 (1) Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 334,059 ​ $ 334,059 ​ $ — Construction and development ​ — ​ — ​ — ​ — ​ 342,591 ​ 342,591 ​ — Home equity ​ 29 ​ 104 ​ 16 ​ 149 ​ 55,238 ​ 55,387 ​ 46 One-to-four-family ​ — ​ — ​ 463 ​ 463 ​ 469,022 ​ 469,485 ​ 920 Multi-family ​ — ​ — ​ — ​ — ​ 219,738 ​ 219,738 ​ — Total real estate loans ​ 29 ​ 104 ​ 479 ​ 612 ​ 1,420,648 ​ 1,421,260 ​ 966 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ 2,298 ​ 685 ​ 532 ​ 3,515 ​ 492,426 ​ 495,941 ​ 1,076 Marine ​ 650 ​ 385 ​ 86 ​ 1,121 ​ 69,446 ​ 70,567 ​ 267 Other consumer ​ 32 ​ 37 ​ 5 ​ 74 ​ 2,990 ​ 3,064 ​ 9 Total consumer loans ​ 2,980 ​ 1,107 ​ 623 ​ 4,710 ​ 564,862 ​ 569,572 ​ 1,352 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ 1 ​ — ​ 2,617 ​ 2,618 ​ 194,173 ​ 196,791 ​ 6,334 Warehouse lending ​ — ​ — ​ — ​ — ​ 31,229 ​ 31,229 ​ — Total commercial business loans ​ 1 ​ — ​ 2,617 ​ 2,618 ​ 225,402 ​ 228,020 ​ 6,334 Total loans ​ $ 3,010 ​ $ 1,211 ​ $ 3,719 ​ $ 7,940 ​ $ 2,210,912 ​ $ 2,218,852 ​ $ 8,652 ___________________________ (1) Includes past due loans as applicable.
Summarize risk rated loan balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ REAL ESTATE LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial ​ 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 18,901 ​ $ 88,035 ​ $ 76,437 ​ $ 48,519 ​ $ 28,338 ​ $ 70,116 ​ $ — ​ $ 329 ​ $ 330,675 Watch ​ ​ — ​ ​ 9,507 ​ ​ — ​ ​ — ​ ​ 453 ​ ​ — ​ ​ 16 ​ ​ — ​ ​ 9,976 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 417 ​ ​ — ​ ​ — ​ ​ — ​ ​ 417 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,940 ​ ​ — ​ ​ — ​ ​ 1,940 Total commercial ​ ​ 18,901 ​ ​ 97,542 ​ ​ 76,437 ​ ​ 48,519 ​ ​ 29,208 ​ ​ 72,056 ​ ​ 16 ​ ​ 329 ​ ​ 343,008 Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 51,332 ​ ​ 177,805 ​ ​ 66,261 ​ ​ 16,102 ​ ​ — ​ ​ 593 ​ ​ — ​ ​ — ​ ​ 312,093 Total construction and development ​ ​ 51,332 ​ ​ 177,805 ​ ​ 66,261 ​ ​ 16,102 ​ ​ — ​ ​ 593 ​ ​ — ​ ​ — ​ ​ 312,093 Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 2,042 ​ ​ 1,716 ​ ​ 1,606 ​ ​ 6,672 ​ ​ 11 ​ ​ 2,345 ​ ​ 47,862 ​ ​ — ​ ​ 62,254 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 39 ​ ​ 11 ​ ​ — ​ ​ 50 Total home equity ​ ​ 2,042 ​ ​ 1,716 ​ ​ 1,606 ​ ​ 6,672 ​ ​ 11 ​ ​ 2,384 ​ ​ 47,873 ​ ​ — ​ ​ 62,304 Home equity gross charge-offs ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 10 One-to-four-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 59,664 ​ ​ 165,085 ​ ​ 125,437 ​ ​ 80,959 ​ ​ 33,353 ​ ​ 53,756 ​ ​ — ​ ​ 477 ​ ​ 518,731 Watch ​ ​ — ​ ​ 871 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 871 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,132 ​ ​ — ​ ​ — ​ ​ 2,132 Total one-to-four-family ​ ​ 59,664 ​ ​ 165,956 ​ ​ 125,437 ​ ​ 80,959 ​ ​ 33,353 ​ ​ 55,888 ​ ​ — ​ ​ 477 ​ ​ 521,734 Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,426 ​ ​ 34,254 ​ ​ 78,174 ​ ​ 47,901 ​ ​ 38,398 ​ ​ 28,522 ​ ​ — ​ ​ — ​ ​ 231,675 Total multi-family ​ ​ 4,426 ​ ​ 34,254 ​ ​ 78,174 ​ ​ 47,901 ​ ​ 38,398 ​ ​ 28,522 ​ ​ — ​ ​ — ​ ​ 231,675 Total real estate loans ​ $ 136,365 ​ $ 477,273 ​ $ 347,915 ​ $ 200,153 ​ $ 100,970 ​ $ 159,443 ​ $ 47,889 ​ $ 806 ​ $ 1,470,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ CONSUMER LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Indirect home improvement ​ 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 109,645 ​ $ 236,709 ​ $ 106,692 ​ $ 40,712 ​ $ 26,991 ​ $ 35,229 ​ $ 7 ​ $ — ​ $ 555,985 Substandard ​ ​ 100 ​ ​ 635 ​ ​ 489 ​ ​ 193 ​ ​ 247 ​ ​ 169 ​ ​ — ​ ​ — ​ ​ 1,833 Total indirect home improvement ​ ​ 109,745 ​ ​ 237,344 ​ ​ 107,181 ​ ​ 40,905 ​ ​ 27,238 ​ ​ 35,398 ​ ​ 7 ​ ​ — ​ ​ 557,818 Indirect home improvement gross charge-offs ​ ​ 31 ​ ​ 511 ​ ​ 194 ​ ​ 113 ​ ​ 104 ​ ​ 228 ​ ​ — ​ ​ — ​ ​ 1,181 Marine ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 8,001 ​ ​ 25,589 ​ ​ 10,717 ​ ​ 14,130 ​ ​ 5,523 ​ ​ 8,053 ​ ​ — ​ ​ — ​ ​ 72,013 Substandard ​ ​ — ​ ​ — ​ ​ 25 ​ ​ — ​ ​ 147 ​ ​ 299 ​ ​ — ​ ​ — ​ ​ 471 Total marine ​ ​ 8,001 ​ ​ 25,589 ​ ​ 10,742 ​ ​ 14,130 ​ ​ 5,670 ​ ​ 8,352 ​ ​ — ​ ​ — ​ ​ 72,484 Marine gross charge-offs ​ ​ — ​ ​ 47 ​ ​ 93 ​ ​ — ​ ​ 7 ​ ​ 182 ​ ​ — ​ ​ — ​ ​ 329 Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 101 ​ ​ 707 ​ ​ 244 ​ ​ 115 ​ ​ 21 ​ ​ 231 ​ ​ 2,184 ​ ​ — ​ ​ 3,603 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 Total other consumer ​ ​ 101 ​ ​ 707 ​ ​ 244 ​ ​ 115 ​ ​ 21 ​ ​ 231 ​ ​ 2,187 ​ ​ — ​ ​ 3,606 Other consumer gross charge-offs ​ ​ — ​ ​ 2 ​ ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ 68 ​ ​ — ​ ​ 75 Total consumer loans ​ $ 117,847 ​ $ 263,640 ​ $ 118,167 ​ $ 55,150 ​ $ 32,929 ​ $ 43,981 ​ $ 2,194 ​ $ — ​ $ 633,908 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ BUSINESS LOANS ​ Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial and industrial 2023 2022 2021 2020 2019 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 11,976 ​ $ 31,100 ​ $ 24,364 ​ $ 12,793 ​ $ 5,661 ​ $ 11,506 ​ $ 116,799 ​ $ 92 ​ $ 214,291 Watch ​ ​ 194 ​ ​ — ​ ​ 601 ​ ​ 2,649 ​ ​ — ​ ​ 1,157 ​ ​ 6,563 ​ ​ — ​ ​ 11,164 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 566 ​ ​ 270 ​ ​ 1,135 ​ ​ — ​ ​ 1,971 Substandard ​ ​ 3,529 ​ ​ — ​ ​ 1,565 ​ ​ 1,477 ​ ​ 1,781 ​ ​ 173 ​ ​ 1,452 ​ ​ — ​ ​ 9,977 Total commercial and industrial ​ ​ 15,699 ​ ​ 31,100 ​ ​ 26,530 ​ ​ 16,919 ​ ​ 8,008 ​ ​ 13,106 ​ ​ 125,949 ​ ​ 92 ​ ​ 237,403 Commercial and industrial gross charge-offs ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 Warehouse lending ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 28,391 ​ ​ — ​ ​ 28,391 Watch ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,258 ​ ​ — ​ ​ 2,258 Total warehouse lending ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 30,649 ​ ​ — ​ ​ 30,649 Total commercial business loans ​ $ 15,699 ​ $ 31,100 ​ $ 26,530 ​ $ 16,919 ​ $ 8,008 ​ $ 13,106 ​ $ 156,598 ​ $ 92 ​ $ 268,052 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL LOANS RECEIVABLE, GROSS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 266,088 ​ $ 761,000 ​ $ 489,932 ​ $ 267,903 ​ $ 138,296 ​ $ 210,351 ​ $ 195,243 ​ $ 898 ​ $ 2,329,711 Watch ​ ​ 194 ​ ​ 10,378 ​ ​ 601 ​ ​ 2,649 ​ ​ 453 ​ ​ 1,157 ​ ​ 8,837 ​ ​ — ​ ​ 24,269 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 983 ​ ​ 270 ​ ​ 1,135 ​ ​ — ​ ​ 2,388 Substandard ​ ​ 3,629 ​ ​ 635 ​ ​ 2,079 ​ ​ 1,670 ​ ​ 2,175 ​ ​ 4,752 ​ ​ 1,466 ​ ​ — ​ ​ 16,406 Total loans receivable, gross ​ $ 269,911 ​ $ 772,013 ​ $ 492,612 ​ $ 272,222 ​ $ 141,907 ​ $ 216,530 ​ $ 206,681 ​ $ 898 ​ $ 2,372,774 Total gross charge-offs ​ $ 31 ​ $ 560 ​ $ 293 ​ $ 113 ​ $ 111 ​ $ 410 ​ $ 78 ​ $ — ​ $ 1,596 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ REAL ESTATE LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial ​ 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 86,189 ​ $ 76,030 ​ $ 46,125 ​ $ 38,930 ​ $ 14,101 ​ $ 55,271 ​ $ — ​ $ — ​ $ 316,646 Watch ​ ​ 9,504 ​ ​ — ​ ​ 373 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,877 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,113 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,113 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 581 ​ ​ 4,842 ​ ​ — ​ ​ — ​ ​ 5,423 Total commercial ​ ​ 95,693 ​ ​ 76,030 ​ ​ 46,498 ​ ​ 41,043 ​ ​ 14,682 ​ ​ 60,113 ​ ​ — ​ ​ — ​ ​ 334,059 Construction and development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 193,084 ​ ​ 118,724 ​ ​ 21,966 ​ ​ 8,379 ​ ​ — ​ ​ 438 ​ ​ — ​ ​ — ​ ​ 342,591 Total construction and development ​ ​ 193,084 ​ ​ 118,724 ​ ​ 21,966 ​ ​ 8,379 ​ ​ — ​ ​ 438 ​ ​ — ​ ​ — ​ ​ 342,591 Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,978 ​ ​ 1,696 ​ ​ 6,818 ​ ​ 11 ​ ​ 1,203 ​ ​ 1,572 ​ ​ 39,063 ​ ​ — ​ ​ 55,341 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 33 ​ ​ — ​ ​ — ​ ​ 46 Total home equity ​ ​ 4,978 ​ ​ 1,696 ​ ​ 6,818 ​ ​ 11 ​ ​ 1,216 ​ ​ 1,605 ​ ​ 39,063 ​ ​ — ​ ​ 55,387 One-to-four-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 166,388 ​ ​ 129,282 ​ ​ 82,461 ​ ​ 31,878 ​ ​ 15,837 ​ ​ 40,526 ​ ​ — ​ ​ 199 ​ ​ 466,571 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,941 ​ ​ 973 ​ ​ — ​ ​ — ​ ​ 2,914 Total one-to-four-family ​ ​ 166,388 ​ ​ 129,282 ​ ​ 82,461 ​ ​ 31,878 ​ ​ 17,778 ​ ​ 41,499 ​ ​ — ​ ​ 199 ​ ​ 469,485 Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 41,041 ​ ​ 63,353 ​ ​ 48,376 ​ ​ 38,805 ​ ​ 4,176 ​ ​ 23,987 ​ ​ — ​ ​ — ​ ​ 219,738 Total multi-family ​ ​ 41,041 ​ ​ 63,353 ​ ​ 48,376 ​ ​ 38,805 ​ ​ 4,176 ​ ​ 23,987 ​ ​ — ​ ​ — ​ ​ 219,738 Total real estate loans ​ $ 501,184 ​ $ 389,085 ​ $ 206,119 ​ $ 120,116 ​ $ 37,852 ​ $ 127,642 ​ $ 39,063 ​ $ 199 ​ $ 1,421,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ CONSUMER LOANS Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Indirect home improvement ​ 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 253,495 ​ $ 123,264 ​ $ 46,476 ​ $ 31,251 ​ $ 18,165 ​ $ 22,205 ​ $ 9 ​ $ — ​ $ 494,865 Substandard ​ ​ 347 ​ ​ 213 ​ ​ 137 ​ ​ 62 ​ ​ 169 ​ ​ 148 ​ ​ — ​ ​ — ​ ​ 1,076 Total indirect home improvement ​ ​ 253,842 ​ ​ 123,477 ​ ​ 46,613 ​ ​ 31,313 ​ ​ 18,334 ​ ​ 22,353 ​ ​ 9 ​ ​ — ​ ​ 495,941 Marine ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 27,904 ​ ​ 11,762 ​ ​ 15,139 ​ ​ 6,224 ​ ​ 5,415 ​ ​ 3,856 ​ ​ — ​ ​ — ​ ​ 70,300 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 151 ​ ​ 61 ​ ​ 55 ​ ​ — ​ ​ — ​ ​ 267 Total marine ​ ​ 27,904 ​ ​ 11,762 ​ ​ 15,139 ​ ​ 6,375 ​ ​ 5,476 ​ ​ 3,911 ​ ​ — ​ ​ — ​ ​ 70,567 Other consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 792 ​ ​ 754 ​ ​ 116 ​ ​ 48 ​ ​ 14 ​ ​ 80 ​ ​ 1,251 ​ ​ — ​ ​ 3,055 Substandard ​ ​ 1 ​ ​ 5 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 9 Total other consumer ​ ​ 793 ​ ​ 759 ​ ​ 116 ​ ​ 48 ​ ​ 14 ​ ​ 80 ​ ​ 1,254 ​ ​ — ​ ​ 3,064 Total consumer loans ​ $ 282,539 ​ $ 135,998 ​ $ 61,868 ​ $ 37,736 ​ $ 23,824 ​ $ 26,344 ​ $ 1,263 ​ $ — ​ $ 569,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 COMMERCIAL ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ BUSINESS LOANS ​ Term Loans by Year of Origination ​ ​ ​ ​ Converted ​ ​ ​ Commercial and industrial 2022 2021 2020 2019 2018 Prior Revolving Loans ​ to Term Total Loans Pass ​ $ 24,337 ​ $ 22,561 ​ $ 12,461 ​ $ 3,940 ​ $ 3,074 ​ $ 7,701 ​ $ 104,524 ​ $ — ​ $ 178,598 Watch ​ ​ — ​ ​ 1,127 ​ ​ 2,932 ​ ​ — ​ ​ — ​ ​ 746 ​ ​ 1,327 ​ ​ — ​ ​ 6,132 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 634 ​ ​ — ​ ​ — ​ ​ 963 ​ ​ — ​ ​ 1,597 Substandard ​ ​ — ​ ​ 1,586 ​ ​ 1,265 ​ ​ 2,291 ​ ​ 190 ​ ​ 3,739 ​ ​ 1,093 ​ ​ 300 ​ ​ 10,464 Total commercial and industrial ​ ​ 24,337 ​ ​ 25,274 ​ ​ 16,658 ​ ​ 6,865 ​ ​ 3,264 ​ ​ 12,186 ​ ​ 107,907 ​ ​ 300 ​ ​ 196,791 Warehouse lending ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 31,227 ​ ​ — ​ ​ 31,227 Watch ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Total warehouse lending ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 31,229 ​ ​ — ​ ​ 31,229 Total commercial business loans ​ $ 24,337 ​ $ 25,274 ​ $ 16,658 ​ $ 6,865 ​ $ 3,264 ​ $ 12,186 ​ $ 139,136 ​ $ 300 ​ $ 228,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TOTAL LOANS RECEIVABLE, GROSS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 798,208 ​ $ 547,426 ​ $ 279,938 ​ $ 159,466 ​ $ 61,985 ​ $ 155,636 ​ $ 176,074 ​ $ 199 ​ $ 2,178,932 Watch ​ ​ 9,504 ​ ​ 1,127 ​ ​ 3,305 ​ ​ — ​ ​ — ​ ​ 746 ​ ​ 1,329 ​ ​ — ​ ​ 16,011 Special mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,747 ​ ​ — ​ ​ — ​ ​ 963 ​ ​ — ​ ​ 3,710 Substandard ​ ​ 348 ​ ​ 1,804 ​ ​ 1,402 ​ ​ 2,504 ​ ​ 2,955 ​ ​ 9,790 ​ ​ 1,096 ​ ​ 300 ​ ​ 20,199 Total loans receivable, gross ​ $ 808,060 ​ $ 550,357 ​ $ 284,645 ​ $ 164,717 ​ $ 64,940 ​ $ 166,172 ​ $ 179,462 ​ $ 499 ​ $ 2,218,852
Schedule of amortized cost basis of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ ​ Nonaccrual with Nonaccrual with Total Nonaccrual with Nonaccrual with Total REAL ESTATE LOANS ​ No ACL ACL Nonaccrual ​ No ACL ACL Nonaccrual Commercial ​ $ 1,061 ​ $ — ​ $ 1,061 ​ $ — ​ $ — ​ $ — Home equity ​ ​ 50 ​ ​ — ​ ​ 50 ​ ​ 46 ​ ​ — ​ ​ 46 One-to-four-family ​ 209 ​ — ​ 209 ​ 920 ​ — ​ 920 ​ ​ 1,320 ​ — ​ 1,320 ​ 966 ​ — ​ 966 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ ​ — ​ ​ 1,833 ​ ​ 1,833 ​ ​ — ​ ​ 1,076 ​ ​ 1,076 Marine ​ ​ — ​ ​ 471 ​ ​ 471 ​ ​ — ​ ​ 267 ​ ​ 267 Other consumer ​ ​ — ​ ​ 3 ​ ​ 3 ​ ​ — ​ ​ 9 ​ ​ 9 ​ ​ ​ — ​ ​ 2,307 ​ ​ 2,307 ​ ​ — ​ ​ 1,352 ​ ​ 1,352 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ — ​ 5,645 ​ 5,645 ​ — ​ 6,334 ​ 6,334 Total ​ $ 1,320 ​ $ 7,952 ​ $ 9,272 ​ $ 966 ​ $ 7,686 ​ $ 8,652
Schedule of amortized cost basis of collateral dependent impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ ​ Commercial ​ Residential ​ Other ​ ​ ​ ​ Residential ​ Other ​ ​ ​ REAL ESTATE LOANS Real Estate Real Estate Total Real Estate Total Commercial ​ $ 1,061 ​ $ — ​ $ — ​ $ 1,061 ​ $ — ​ $ — ​ $ — Home equity ​ ​ — ​ ​ 50 ​ ​ — ​ ​ 50 ​ ​ 46 ​ ​ — ​ ​ 46 One-to-four-family ​ ​ — ​ ​ 209 ​ ​ — ​ ​ 209 ​ ​ 920 ​ ​ — ​ ​ 920 ​ ​ ​ 1,061 ​ ​ 259 ​ ​ — ​ ​ 1,320 ​ ​ 966 ​ ​ — ​ ​ 966 CONSUMER LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Indirect home improvement ​ ​ — ​ ​ — ​ ​ 1,833 ​ ​ 1,833 ​ ​ — ​ ​ 1,076 ​ ​ 1,076 Marine ​ ​ — ​ ​ — ​ ​ 471 ​ ​ 471 ​ ​ — ​ ​ 267 ​ ​ 267 ​ ​ ​ — ​ ​ — ​ ​ 2,304 ​ ​ 2,304 ​ ​ — ​ ​ 1,343 ​ ​ 1,343 COMMERCIAL BUSINESS LOANS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ — ​ — ​ 5,645 ​ 5,645 ​ — ​ 6,334 ​ 6,334 Total ​ $ 1,061 ​ $ 259 ​ $ 7,949 ​ $ 9,269 ​ $ 966 ​ $ 7,677 ​ $ 8,643

SERVICING RIGHTS (Tables)

SERVICING RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Summary of servicing rights activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended ​ ​ June 30, ​ 2023 ​ 2022 Beginning balance, at the lower of cost or fair value ​ $ 17,599 ​ $ 18,041 Additions ​ 920 ​ 1,460 MSR amortized ​ (894) ​ (985) Recovery of servicing rights ​ 2 ​ — Ending balance, at the lower of cost or fair value ​ $ 17,627 ​ $ 18,516 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended ​ ​ June 30, ​ 2023 ​ 2022 Beginning balance, at the lower of cost or fair value ​ $ 18,017 ​ $ 16,970 Additions ​ 1,325 ​ 4,010 MSR amortized ​ (1,715) ​ (2,465) Recovery of servicing rights ​ ​ — ​ ​ 1 Ending balance, at the lower of cost or fair value ​ $ 17,627 ​ $ 18,516 ​
Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ December 31, 2022 ​ Aggregate portfolio principal balance ​ $ 2,801,966 $ 2,783,458 ​ Weighted average rate of note ​ ​ 3.5 % ​ 3.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2023 Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change ​ Conditional prepayment rate ​ 7.1 % ​ 7.7 % ​ 8.9 % Fair value MSR ​ $ 37,486 $ 36,845 $ 35,649 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 9.6 % 10.1 % 10.6 % Fair value MSR ​ $ 37,486 $ 36,651 $ 35,851 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2022 ​ Base 0.5% Adverse Rate Change 1.0% Adverse Rate Change ​ Conditional prepayment rate ​ 8.2 % ​ 8.6 % ​ 9.3 % Fair value MSR ​ $ 35,478 $ 34,997 $ 34,188 ​ Percentage of MSR ​ 1.3 % 1.3 % 1.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 9.6 % 10.1 % 10.6 % Fair value MSR ​ $ 35,478 $ 34,715 $ 33,984 ​ Percentage of MSR ​ 1.3 % 1.2 % 1.2 %
Mortgage servicing rights.
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Schedule of valuation assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, ​ At December 31, Key assumptions: 2023 2022 ​ Weighted average discount rate 9.6 % 9.6 % Conditional prepayment rate (“CPR”) 7.1 % 8.2 % Weighted average life in years 8.4 7.8 ​

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2023
DERIVATIVES
Schedule of cumulative-basis adjustment for fair value hedges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Line item in the statement of financial ​ ​ ​ position in which the hedged Item is ​ ​ included Hedged Assets June 30, 2023 ​ ​ ​ ​ ​ ​ Investment securities (1) ​ $ 55,833 ​ $ 4,167 Total ​ $ 55,833 ​ $ 4,167 ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Investment securities (1) ​ $ 55,893 ​ $ 4,107 Total ​ $ 55,893 ​ $ 4,107 _________________________ (1) These amounts include the amortized cost basis of closed portfolios used in designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2023, the amortized cost basis of the closed portfolios used in these hedging relationships was $240.1 million; the cumulative basis adjustments associated with these hedging relationships was $4.2 million; and the amounts of the designated hedged items was $60.0 million.
Schedule of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Fair Value Cash flow hedges: Notional Asset Liability Interest rate swaps - brokered deposits ​ $ 180,000 ​ $ 7,361 ​ $ — Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ 60,000 ​ ​ 4,149 ​ ​ — Non-hedging derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ Fallout adjusted interest rate lock commitments with customers ​ ​ 34,260 ​ ​ 273 ​ ​ — Mandatory and best effort forward commitments with investors ​ 7,856 ​ 123 ​ — Forward TBA mortgage-backed securities ​ ​ 36,000 ​ ​ 192 ​ ​ — Customer swap positions ​ ​ 882 ​ ​ — ​ ​ 79 Dealer offsets to customer swap positions ​ ​ 882 ​ ​ 81 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Fair Value Cash flow hedges: ​ Notional Asset Liability Interest rate swaps - brokered deposits ​ $ 90,000 ​ $ 5,780 ​ $ — Fair value hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ 60,000 ​ ​ 4,090 ​ ​ — Non-hedging derivatives: ​ ​ ​ ​ ​ ​ ​ ​ Fallout adjusted interest rate lock commitments with customers ​ ​ 8,837 ​ ​ 107 ​ ​ — Mandatory and best effort forward commitments with investors ​ 4,558 ​ — ​ 38 Forward TBA mortgage-backed securities ​ ​ 27,000 ​ ​ 164 ​ ​ —
Schedule of effect of fair value and cash flow hedge accounting on the income statement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2023 ​ 2022 ​ ​ Interest ​ Interest ​ Interest ​ Interest ​ ​ Expense ​ Income ​ Expense ​ Income ​ Deposits Securities Deposits Securities Total amounts presented on the Consolidated Statements of Income ​ $ 7,610 ​ $ 2,651 ​ $ 1,557 ​ $ 1,670 Net gains (losses) on fair value hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized on hedged items ​ ​ — ​ ​ (1,191) ​ ​ — ​ ​ (933) Recognized on derivatives designated as hedging instruments ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 831 Net income (expense) recognized on fair value hedges ​ $ — ​ $ 363 ​ $ — ​ $ (102) Net gain on cash flow hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - brokered deposits and borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gains (pre-tax) reclassified from AOCI into net income ​ $ 1,271 ​ $ — ​ $ 55 ​ $ — Net income recognized on cash flow hedges ​ $ 1,271 ​ $ — ​ $ 55 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2023 ​ 2022 ​ Interest Interest Interest Interest ​ ​ Expense ​ Income ​ Expense ​ Income ​ ​ Deposits ​ Securities ​ Deposits ​ Securities Total amounts presented on the Consolidated Statements of Income ​ $ 14,234 ​ $ 5,271 ​ $ 2,842 ​ $ 3,249 Net gains (losses) on fair value hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recognized on hedged items ​ ​ — ​ ​ 597 ​ ​ — ​ ​ (933) Recognized on derivatives designated as hedging instruments ​ ​ — ​ ​ 59 ​ ​ — ​ ​ 831 Net income (expense) recognized on fair value hedges ​ $ — ​ $ 656 ​ $ — ​ $ (102) Net gain (loss) on cash flow hedging relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps - brokered deposits and borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized gains (losses) (pre-tax) reclassified from AOCI into net income ​ $ 2,178 ​ $ — ​ $ (46) ​ $ — Net income (expense) recognized on cash flow hedges ​ $ 2,178 ​ $ — ​ $ (46) ​ $ —
Schedule of offsetting derivative assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts ​ Net Amounts of Assets ​ Gross Amounts Not Offset ​ Gross Amounts ​ Offset in the ​ Presented in the ​ in the Statement of Financial Position ​ of Recognized ​ Statement of ​ Statement of ​ Financial ​ Cash Collateral ​ ​ Offsetting of derivative assets Assets Financial Position Financial Position Instruments Received Net Amount June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps $ 11,591 ​ $ — ​ $ 11,591 ​ $ — ​ $ — ​ $ 11,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 9,870 ​ $ — ​ $ 9,870 ​ $ — ​ $ — ​ $ 9,870 ​

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
LEASES
Summary of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended Lease cost: June 30, 2023 June 30, 2022 Operating lease cost ​ $ 471 ​ $ 348 Short-term lease cost ​ 5 ​ 7 Total lease cost ​ $ 476 ​ $ 355 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ Six Months Ended Lease cost: June 30, 2023 June 30, 2022 Operating lease cost ​ $ 881 ​ $ 691 Short-term lease cost ​ 9 ​ 8 Total lease cost ​ $ 890 ​ $ 699
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: June 30, 2023 June 30, 2022 Operating cash flows from operating leases ​ $ 482 ​ ​ $ 357 ​ Weighted average remaining lease term- operating leases ​ ​ 4.4 years ​ 4.7 years Weighted average discount rate- operating leases ​ ​ 2.92 % ​ 2.05 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the ​ At or For the Cash paid for amounts included in the ​ Six Months Ended ​ Six Months Ended measurement of lease liabilities: June 30, 2023 June 30, 2022 Operating cash flows from operating leases ​ $ 906 ​ ​ $ 703 ​ Weighted average remaining lease term- operating leases ​ ​ 4.4 years ​ 4.7 years Weighted average discount rate- operating leases ​ ​ 2.92 % ​ 2.05 % ​
Summary of maturities of operating lease liabilities	​ ​ ​ ​ ​ Remainder of 2023 $ 964 2024 ​ 1,933 2025 ​ 1,628 2026 ​ 1,475 2027 ​ ​ 1,173 Thereafter ​ 1,383 Total lease payments ​ ​ 8,556 Less imputed interest ​ ​ (866) Total ​ $ 7,690

OTHER REAL ESTATE OWNED ("ORE_2

OTHER REAL ESTATE OWNED ("OREO") (Tables)	6 Months Ended
	Jun. 30, 2023
OTHER REAL ESTATE OWNED ("OREO")
Schedule of other real estate owned	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended ​ At or For the Six Months Ended ​ ​ June 30, ​ June 30, ​ 2023 2022 2023 ​ 2022 Beginning balance ​ $ 570 ​ $ — ​ $ 570 ​ $ — Loans transferred to OREO ​ — ​ 145 ​ — ​ 145 Ending balance ​ $ 570 ​ $ 145 ​ $ 570 ​ $ 145

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2023
DEPOSITS
Schedule of deposit liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 2022 Noninterest-bearing checking ​ $ 658,440 ​ $ 537,938 Interest-bearing checking (1) ​ 183,012 ​ 135,127 Savings ​ 169,013 ​ 134,358 Money market (2) ​ 419,308 ​ 574,290 Certificates of deposit less than $100,000 (3) ​ 473,026 ​ 440,785 Certificates of deposit of $100,000 through $250,000 ​ 358,238 ​ 195,447 Certificates of deposit of $250,000 and over ​ 87,499 ​ 93,560 Escrow accounts related to mortgages serviced (4) ​ 16,772 ​ 16,236 Total ​ $ 2,365,308 ​ $ 2,127,741 ________________________ (1) Includes $0 and $2.3 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (2) Includes $51,000 and $59.7 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (3) Includes $295.7 million and $332.0 million of brokered deposits at June 30, 2023 and December 31, 2022, respectively. (4) Noninterest-bearing accounts.
Schedule of maturities of time deposits for future periods	​ ​ ​ ​ ​ Maturing in 2023 ​ $ 382,635 Maturing in 2024 ​ ​ 339,314 Maturing in 2025 ​ ​ 130,136 Maturing in 2026 ​ ​ 45,574 Maturing in 2027 ​ ​ 20,697 Thereafter ​ ​ 408 Total ​ $ 918,764
Schedule of interest expense by deposit category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Six Months Ended ​ ​ June 30, ​ June 30, ​ ​ 2023 2022 2023 ​ 2022 Interest-bearing checking ​ $ 370 ​ $ 92 ​ $ 468 ​ $ 253 Savings and money market ​ 1,344 ​ 711 ​ 2,542 ​ 1,094 Certificates of deposit ​ 5,896 ​ 754 ​ 11,224 ​ 1,495 Total ​ $ 7,610 ​ $ 1,557 ​ $ 14,234 ​ $ 2,842

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
Schedule of commitments to extend credit	​ ​ ​ ​ ​ ​ ​ ​ COMMITMENTS TO EXTEND CREDIT June 30, ​ December 31, REAL ESTATE LOANS ​ 2023 2022 Commercial ​ $ 2,843 ​ $ 1,260 Construction and development ​ 168,952 ​ 201,708 One-to-four-family (includes locks for saleable loans) ​ 42,270 ​ 10,713 Home equity ​ 96,279 ​ 77,566 Multi-family ​ 2,958 ​ 2,999 Total real estate loans ​ 313,302 ​ 294,246 CONSUMER LOANS ​ 32,731 ​ 39,406 COMMERCIAL BUSINESS LOANS ​ ​ ​ Commercial and industrial ​ 168,593 ​ 150,109 Warehouse lending ​ 47,866 ​ 64,781 Total commercial business loans ​ 216,459 ​ 214,890 Total commitments to extend credit ​ $ 562,492 ​ $ 548,542

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities ​ $ — ​ $ 17,638 ​ $ — ​ $ 17,638 Corporate securities ​ — ​ 6,193 ​ — ​ 6,193 Municipal bonds ​ — ​ 118,664 ​ — ​ 118,664 Mortgage-backed securities ​ — ​ 67,597 ​ — ​ 67,597 U.S. Small Business Administration securities ​ — ​ 15,777 ​ — ​ 15,777 Mortgage loans held for sale, at fair value ​ ​ — ​ ​ 16,714 ​ ​ — ​ ​ 16,714 Loans receivable, at fair value ​ ​ — ​ ​ 14,349 ​ ​ — ​ ​ 14,349 Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ ​ — ​ ​ — ​ ​ 273 ​ ​ 273 Forward TBA mortgage-backed securities ​ ​ — ​ ​ 192 ​ ​ — ​ ​ 192 Mandatory and best effort forward commitments with investors ​ ​ — ​ ​ — ​ ​ 123 ​ ​ 123 Interest rate swaps ​ ​ — ​ ​ 11,591 ​ ​ — ​ ​ 11,591 Total assets measured at fair value ​ $ — ​ $ 268,715 ​ $ 396 ​ $ 269,111 Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ — ​ $ (79) ​ $ — ​ $ (79) Total liabilities measured at fair value ​ $ — ​ $ (79) ​ $ — ​ $ (79) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Assets ​ At December 31, 2022 Securities available-for-sale: Level 1 Level 2 Level 3 Total U.S. agency securities ​ $ — ​ $ 17,288 ​ $ — ​ $ 17,288 Corporate securities ​ — ​ 8,545 ​ — ​ 8,545 Municipal bonds ​ — ​ 120,602 ​ — ​ 120,602 Mortgage-backed securities ​ — ​ 69,966 ​ — ​ 69,966 U.S. Small Business Administration securities ​ — ​ 12,851 ​ — ​ 12,851 Mortgage loans held for sale, at fair value ​ ​ — ​ ​ 20,093 ​ ​ — ​ ​ 20,093 Loans receivable, at fair value ​ ​ — ​ ​ 14,035 ​ ​ — ​ ​ 14,035 Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward TBA mortgage-backed securities ​ ​ — ​ ​ 164 ​ ​ — ​ ​ 164 Interest rate swaps ​ ​ — ​ ​ 9,870 ​ ​ — ​ ​ 9,870 Interest rate lock commitments with customers ​ ​ — ​ ​ — ​ ​ 107 ​ ​ 107 Total assets measured at fair value ​ $ — ​ $ 273,414 ​ $ 107 ​ $ 273,521 Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mandatory and best effort forward commitments with investors ​ $ — ​ $ — ​ $ (38) ​ $ (38) Total liabilities measured at fair value ​ $ — ​ $ — ​ $ (38) ​ $ (38)
Schedule of valuation allowance for impairment of recognized servicing assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ Level 1 Level 2 Level 3 Total MSR ​ $ — $ — $ 37,486 $ 37,486 ​
Schedule of 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 June 30, 2023 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers ​ $ 565 ​ $ 948 ​ $ (1,240) ​ $ 273 ​ $ (292) ​ $ — Individual forward sale commitments with investors ​ ​ (13) ​ ​ 188 ​ ​ (52) ​ ​ 123 ​ ​ 136 ​ ​ — June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ $ 250 ​ $ 22 ​ $ (88) ​ $ 184 ​ $ (66) ​ $ — Individual forward sale commitments with investors ​ ​ 885 ​ ​ 2,931 ​ ​ (3,298) ​ ​ 518 ​ ​ (367) ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchases ​ ​ Net change in Net change in Six Months Ended Beginning and Sales and Ending fair value for fair value for June 30, 2023 Balance Issuances Settlements Balance gains/(losses) (1) gains/(losses) (2) Interest rate lock commitments with customers ​ $ 107 ​ $ 1,942 ​ $ (1,776) ​ $ 273 ​ $ 166 ​ $ — Individual forward sale commitments with investors ​ ​ (38) ​ ​ 410 ​ ​ (249) ​ ​ 123 ​ ​ 161 ​ ​ — June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate lock commitments with customers ​ $ 757 ​ $ 2,117 ​ $ (2,690) ​ $ 184 ​ $ (573) ​ $ — Individual forward sale commitments with investors ​ ​ 808 ​ ​ 5,073 ​ ​ (5,363) ​ ​ 518 ​ ​ (290) ​ ​ — __________________________ (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).
Schedule of fair value, by balance sheet grouping	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2023 ​ 2022 Financial Assets Carrying Fair Carrying Fair Level 1 inputs: Amount Value Amount Value Cash and cash equivalents ​ $ 132,099 ​ $ 132,099 ​ $ 41,437 ​ $ 41,437 Certificates of deposit at other financial institutions ​ 14,747 ​ 14,747 ​ 4,712 ​ 4,712 Level 2 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale, at fair value ​ 225,869 ​ 225,869 ​ 229,252 ​ 229,252 Securities held-to-maturity, gross ​ ​ 8,500 ​ ​ 7,475 ​ ​ 8,500 ​ ​ 7,929 Loans held for sale, at fair value ​ 16,714 ​ 16,714 ​ 20,093 ​ 20,093 FHLB stock, at cost ​ 6,555 ​ 6,555 ​ 10,611 ​ 10,611 Forward TBA mortgage-backed securities ​ ​ 192 ​ ​ 192 ​ ​ 164 ​ ​ 164 Loans receivable, at fair value ​ ​ 14,349 ​ ​ 14,349 ​ ​ 14,035 ​ ​ 14,035 Interest rate swaps ​ ​ 11,591 ​ ​ 11,591 ​ ​ 9,870 ​ ​ 9,870 Accrued interest receivable ​ 12,244 ​ 12,244 ​ 11,144 ​ 11,144 Level 3 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable, gross ​ 2,358,425 ​ 2,280,219 ​ 2,204,817 ​ 2,153,769 MSR, held at lower of cost or fair value ​ 17,627 ​ 37,486 ​ 18,017 ​ 35,478 Fair value interest rate locks with customers ​ 273 ​ 273 ​ 107 ​ 107 Mandatory and best effort forward commitments with investors ​ ​ 123 ​ ​ 123 ​ ​ — ​ ​ — Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 2 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 2,365,308 ​ 2,347,200 ​ 2,127,741 ​ 2,105,926 Borrowings ​ 199,896 ​ 199,400 ​ 186,528 ​ 186,188 Subordinated notes, excluding unamortized debt issuance costs ​ 50,000 ​ 47,455 ​ 50,000 ​ 44,500 Accrued interest payable ​ 3,381 ​ 3,381 ​ 2,270 ​ 2,270 Interest rate swaps ​ ​ 79 ​ ​ 79 ​ ​ — ​ ​ — Level 3 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mandatory and best effort forward commitments with investors ​ ​ — ​ ​ — ​ ​ 38 ​ ​ 38
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of valuation assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 3 ​ Significant ​ Weighted Average Range Fair Value ​ Valuation ​ Unobservable ​ ​ ​ June 30, ​ ​ December 31, ​ Instruments Techniques Inputs Range 2023 ​ 2022 RECURRING ​ ​ ​ ​ Interest rate lock commitments with customers Quoted market prices Pull-through expectations 80% - 99% ​ 91.3 % ​ 92.5 % Individual forward sale commitments with investors Quoted market prices Pull-through expectations 80% - 99% ​ 91.3 % ​ 92.5 % NONRECURRING ​ ​ ​ ​ ​ MSR ​ Industry sources ​ Pre-payment speeds ​ 0% - 50% ​ 7.1 % ​ 8.2 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
EARNINGS PER SHARE
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, ​ At or For the Six Months Ended June 30, Numerator 2023 2022 2023 ​ 2022 Net income ​ $ 9,116 ​ $ 6,699 ​ $ 17,328 ​ $ 13,569 Dividends and undistributed earnings allocated to participating securities ​ ​ (160) ​ ​ (138) ​ ​ (307) ​ ​ (265) Net income available to common shareholders ​ $ 8,956 ​ $ 6,561 ​ $ 17,021 ​ $ 13,304 Denominator (shown as actual): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average common shares outstanding ​ 7,637,210 ​ 7,776,939 ​ 7,635,647 ​ 7,899,522 Dilutive shares ​ 109,126 ​ 119,271 ​ 133,870 ​ 131,214 Diluted weighted average common shares outstanding ​ 7,746,336 ​ 7,896,210 ​ 7,769,517 ​ 8,030,736 Basic earnings per share ​ $ 1.17 ​ $ 0.84 ​ $ 2.23 ​ $ 1.68 Diluted earnings per share ​ $ 1.16 ​ $ 0.83 ​ $ 2.19 ​ $ 1.66 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. ​ ​ 67,675 ​ ​ 68,008 ​ ​ 50,555 ​ ​ 52,364

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 647,832 ​ $ 26.67 6.84 ​ $ 4,627,255 Granted — ​ $ — — ​ ​ — Less exercised 6,225 ​ $ 8.45 — ​ $ 130,192 Less forfeited or expired 23,295 ​ 34.26 — ​ — Outstanding at June 30, 2023 618,312 ​ $ 26.57 6.35 ​ $ 2,796,274 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected to vest, assuming a 0.31% annual forfeiture rate at June 30, 2023 (1) 610,295 ​ $ 26.55 6.27 ​ $ 2,770,086 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at June 30, 2023 302,096 ​ $ 24.18 5.04 ​ $ 1,924,864 ____________________________ (1) Forfeiture rate has been calculated and estimated to assume a forfeiture of 3.1% of the options over 10 years .
Summary of nonvested awards	​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant-Date Fair Value Nonvested Shares ​ Shares ​ Per Share Nonvested at January 1, 2023 118,530 ​ $ 28.85 Granted — ​ ​ — Less vested 1,453 ​ ​ — Less forfeited or expired 4,812 ​ 33.76 Nonvested at June 30, 2023 112,265 ​ $ 28.64

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2023
REGULATORY CAPITAL
Schedule of compliance with regulatory capital requirements under banking regulations	The following table compares the Bank’s actual capital amounts and ratios at June 30, 2023 to their minimum regulatory capital requirements and well capitalized regulatory capital at that date: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ For Capital ​ For Capital Adequacy ​ Corrective ​ ​ Actual ​ Adequacy Purposes ​ with Capital Buffer ​ Action Provisions Bank Only Amount Ratio Amount Ratio Amount Ratio Amount Ratio At June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 322,010 12.93 % $ 199,223 8.00 % $ 261,480 10.50 % $ 249,028 10.00 % Tier 1 risk-based capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 290,867 11.68 % $ 149,417 6.00 % $ 211,674 8.50 % $ 199,223 8.00 % Tier 1 leverage capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to average assets) ​ $ 290,867 10.31 % $ 112,816 4.00 % $ N/A N/A ​ $ 141,020 5.00 % CET 1 capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (to risk-weighted assets) ​ $ 290,867 11.68 % $ 112,063 4.50 % $ 174,320 7.00 % $ 161,868 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
BUSINESS SEGMENTS
Schedule of segment reporting information, by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2023 Condensed income statement: Commercial and Consumer Banking Home Lending Total Net interest income (1) $ 28,269 ​ $ 3,283 $ 31,552 Provision for credit losses on loans ​ (629) ​ (87) ​ (716) Noninterest income ​ 2,706 ​ 2,127 ​ 4,833 Noninterest expense ​ (18,950) ​ (5,254) ​ (24,204) Income before provision for income taxes ​ 11,396 ​ 69 ​ 11,465 Provision for income taxes ​ (2,335) ​ (14) ​ (2,349) Net income $ 9,061 ​ $ 55 $ 9,116 Total average assets for period ended $ 2,313,228 ​ $ 528,662 $ 2,841,890 Full-time employees ("FTEs") ​ 444 ​ 137 ​ 581 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, 2022 Condensed income statement: Commercial and Consumer Banking Home Lending Total Net interest income (1) $ 22,084 ​ $ 2,645 $ 24,729 Provision for credit losses on loans ​ (719) ​ (1,152) ​ (1,871) Noninterest income ​ 2,125 ​ 2,230 ​ 4,355 Noninterest expense ​ (14,231) ​ (4,698) ​ (18,929) Income before (provision) benefit for income taxes ​ 9,259 ​ (975) ​ 8,284 (Provision) benefit for income taxes ​ (1,804) ​ 219 ​ (1,585) Net income (loss) $ 7,455 ​ $ (756) $ 6,699 Total average assets for period ended $ 1,957,630 ​ $ 398,690 $ 2,356,320 FTEs ​ 389 ​ 148 ​ 537 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2023 ​ ​ Commercial ​ ​ ​ ​ ​ ​ and Consumer ​ ​ ​ ​ Condensed income statement: Banking Home Lending Total Net interest income (1) $ 55,769 ​ $ 6,445 $ 62,214 Provision for credit losses on loans ​ (2,118) ​ (706) ​ (2,824) Noninterest income (2) ​ 5,086 ​ 4,966 ​ 10,052 Noninterest expense ​ (37,560) ​ (10,168) ​ (47,728) Income before provision for income taxes ​ 21,177 ​ 537 ​ 21,714 Provision for income taxes ​ (4,278) ​ (108) ​ (4,386) Net income $ 16,899 ​ $ 429 $ 17,328 Total average assets for period ended $ 2,281,815 ​ $ 510,419 $ 2,792,234 FTEs ​ 444 ​ 137 ​ 581 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Six Months Ended June 30, 2022 ​ ​ Commercial ​ ​ ​ ​ ​ ​ and Consumer ​ ​ ​ ​ Condensed income statement: Banking Home Lending Total Net interest income (1) $ 42,362 ​ $ 5,089 $ 47,451 Provision for credit losses on loans ​ (1,916) ​ (998) ​ (2,914) Noninterest income ​ 4,630 ​ 5,601 ​ 10,231 Noninterest expense ​ (28,407) ​ (9,589) ​ (37,996) Income before provision for income taxes ​ 16,669 ​ 103 ​ 16,772 Provision for income taxes ​ (3,182) ​ (21) ​ (3,203) Net income $ 13,487 ​ $ 82 $ 13,569 Total average assets for period ended $ 1,921,426 ​ $ 392,107 $ 2,313,533 FTEs ​ 389 ​ 148 ​ 537 _____________________________ (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.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of changes in other intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Intangible Assets ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ Gross CDI Amortization Net CDI Balance, December 31, 2021 ​ $ 7,490 ​ $ (3,430) ​ $ 4,060 Amortization ​ ​ — ​ ​ (691) ​ ​ (691) Balance, December 31, 2022 ​ ​ 7,490 ​ ​ (4,121) ​ ​ 3,369 Additions as a result of the Branch Purchase ​ ​ 17,438 ​ ​ — ​ ​ 17,438 Amortization ​ ​ — ​ ​ (1,482) ​ ​ (1,482) Balance, June 30, 2023 ​ $ 24,928 ​ $ (5,603) ​ $ 19,325
Schedule of amortization expense	​ ​ ​ ​ ​ Remainder of 2023 $ 1,982 2024 ​ 3,633 2025 ​ 3,191 2026 ​ 2,846 2027 ​ 2,500 Thereafter ​ 5,173 Total ​ $ 19,325

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2023
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of noninterest income, segregated by revenue streams in-scope and out-of-scope and/or immaterial to Topic 606	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Three Months Ended June 30, ​ For the Six Months Ended June 30, Noninterest income 2023 2022 2023 ​ 2022 In-scope of Topic 606: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debit card interchange fees ​ $ 882 ​ $ 584 ​ $ 1,520 ​ $ 1,127 Deposit service and account maintenance fees ​ ​ 388 ​ ​ 225 ​ ​ 664 ​ ​ 441 Noninterest income (in-scope of Topic 606) ​ ​ 1,270 ​ ​ 809 ​ ​ 2,184 ​ ​ 1,568 Noninterest income (out-of-scope and/or immaterial to Topic 606) ​ ​ 3,563 ​ ​ 3,546 ​ ​ 7,868 ​ ​ 8,663 Total noninterest income ​ $ 4,833 ​ $ 4,355 ​ $ 10,052 ​ $ 10,231

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2023 item segment Office
Schedule of Accounting Policies [Line Items]
Number of operating segments | segment	2
Puget Sound
Schedule of Accounting Policies [Line Items]
Number of administrative offices that originates loans and accept deposits | Office	1
Retail Deposit | Pacific Northwest
Schedule of Accounting Policies [Line Items]
Number of bank branches | item	27

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details)		6 Months Ended
	Feb. 24, 2023 USD ($) item	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition
Total deposits		$ 2,365,308,000	$ 2,127,741,000
Acquisition settled by cash		$ 336,157,000
Number of loans acquired, purchased financial assets with credit deterioration		0
Number of loans expected to be uncollectable	0
Goodwill		$ 3,592,000	$ 2,312,000
Workforce and customer relationships
Business Acquisition
Goodwill		$ 1,300,000
Amortization period		15 years
Columbia State Bank
Business Acquisition
Number of bank branches | item	7
Number of bank owned branches acquired | item	6
Total deposits	$ 425,500,000
Deposit premium, core deposits (as a percentage)	4.15%
Deposit premium, public funds (as a percentage)	2.50%
Deposit premium	$ 16,400,000
Acquisition settled by cash	$ 334,700,000
Fair values refinement period	1 year
Number of leases acquired with the bank branches | item	1
Loans and associated interest receivables	$ 66,600,000
Facilities and other assets, net of other liabilities	$ 6,300,000
Amortization period	10 years	10 years
Columbia State Bank | Acquired Book Value
Business Acquisition
Loans receivable	$ 66,093,000
Columbia State Bank | Fair Value Adjustments
Business Acquisition
Loans receivable	(2,902,000)
Goodwill	1,280,000
Columbia State Bank | Carrying Amount
Business Acquisition
Loans receivable	63,191,000
Goodwill	$ 1,280,000

BUSINESS COMBINATION - Amounts

BUSINESS COMBINATION - Amounts Recognized for Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Feb. 24, 2023	Dec. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill	$ 3,592		$ 2,312
Acquired Book Value | Columbia State Bank
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents		$ 336,157
Loans receivable		66,093
Premises and equipment		6,342
Accrued interest receivable		530
Other assets		11
Total assets acquired		409,133
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Noninterest-bearing accounts		225,567
Interest-bearing accounts		199,898
Total deposits		425,465
Accrued interest payable		4
Other liabilities		28
Total liabilities assumed		425,497
Fair Value Adjustments | Columbia State Bank
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Loans receivable		(2,902)
Core deposit intangible ("CDI")		17,438
Goodwill		1,280
Total assets acquired		15,816
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Interest-bearing accounts		(548)
Total deposits		(548)
Total liabilities assumed		(548)
Carrying Amount | Columbia State Bank
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents		336,157
Loans receivable		63,191
Premises and equipment		6,342
Accrued interest receivable		530
Core deposit intangible ("CDI")		17,438
Goodwill		1,280
Other assets		11
Total assets acquired		424,949
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Noninterest-bearing accounts		225,567
Interest-bearing accounts		199,350
Total deposits		424,917
Accrued interest payable		4
Other liabilities		28
Total liabilities assumed		$ 424,949

INVESTMENTS - Securities Reconc

INVESTMENTS - Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	$ 265,989		$ 271,793
Unrealized Gains	66		48
Unrealized Losses	(40,186)		(42,589)
Securities available-for-sale, at fair value	225,869		229,252
SECURITIES HELD-TO-MATURITY
Amortized Cost	8,500		8,500
Unrealized losses	(1,025)		(571)
Securities held-to-maturity, at fair value	7,475		7,929
Allowance for credit losses	31		31
Total securities
Amortized cost	274,489		280,293
Unrealized gains	66		48
Unrealized losses	(41,211)		(43,160)
Total securities, at fair value	233,344		237,181
Allowance for credit losses	31		31
U.S. agency securities
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	21,152		21,153
Unrealized Gains	8
Unrealized Losses	(3,522)		(3,865)
Securities available-for-sale, at fair value	17,638		17,288
Corporate securities
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	6,999		9,497
Unrealized Gains	36		27
Unrealized Losses	(842)		(979)
Securities available-for-sale, at fair value	6,193		8,545
SECURITIES HELD-TO-MATURITY
Amortized Cost	8,500		8,500
Unrealized losses	(1,025)		(571)
Securities held-to-maturity, at fair value	7,475		7,929
Allowance for credit losses	31	$ 31	31	$ 31	$ 72
Municipal bonds
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	140,674		144,200
Unrealized Gains	17		21
Unrealized Losses	(22,027)		(23,619)
Securities available-for-sale, at fair value	118,664		120,602
Mortgage-backed securities
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	80,076		82,424
Unrealized Losses	(12,479)		(12,458)
Securities available-for-sale, at fair value	67,597		69,966
U.S. Small Business Administration securities
SECURITIES AVAILABLE-FOR-SALE
Amortized Cost	17,088		14,519
Unrealized Gains	5
Unrealized Losses	(1,316)		(1,668)
Securities available-for-sale, at fair value	$ 15,777		$ 12,851

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) security
INVESTMENTS
Held-to maturity securities with unrealized losses of less than one year | security	1		1		7
Held-to maturity securities with unrealized losses of more than one year | security			6		0
Available-for-sale securities with unrealized losses of less than one year | security	13		13		88
Available-for-sale securities with unrealized losses of more than one year | security			175		106
Proceeds from sale of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Amount of credit impairment			0		$ 0
Accrued interest receivable on held to maturity debt securities	116,000		116,000		116,000
Accrued interest receivable on available-for-sale debt securities	1,100,000		1,100,000		$ 1,200,000
Debt securities held to maturity classified as nonaccrual or 90 days or more past due and still accruing	$ 0		$ 0

INVESTMENTS - Allowance for Cre

INVESTMENTS - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning allowance balance			$ 31
Total ending allowance balance	$ 31		31
Corporate securities
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning allowance balance	31	$ 72	31
Provision (recapture) for credit losses		(41)		$ (41)
Securities charged-off
Recoveries
Total ending allowance balance	$ 31	31	31	31
Corporate securities | Accounting Standards Update 2016-13
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning allowance balance
Total ending allowance balance		$ 72		$ 72

INVESTMENTS - Amortized Cost of

INVESTMENTS - Amortized Cost of Debt Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Amortized Cost	$ 8,500	$ 8,500
Corporate securities
Financing Receivable, Recorded Investment [Line Items]
Amortized Cost	8,500	8,500
BBB/BBB- | Corporate securities
Financing Receivable, Recorded Investment [Line Items]
Amortized Cost	7,000	$ 8,500
BB+ | Corporate securities
Financing Receivable, Recorded Investment [Line Items]
Amortized Cost	$ 1,500

INVESTMENTS - Investment Securi

INVESTMENTS - Investment Securities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying Value	$ 119,371
Amortized Cost	140,386
Fair Value	119,371
State and local government public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying Value	39,482
Amortized Cost	45,979
Fair Value	39,482
Interest rate swap counterparties
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying Value	2,776
Amortized Cost	2,887
Fair Value	2,776
Federal Reserve Bank - Bank Term Funding Program facility
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying Value	77,113
Amortized Cost	91,520
Fair Value	$ 77,113

INVESTMENTS - Investments with

INVESTMENTS - Investments with Unrealized Losses Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	$ 17,087	$ 91,176
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	200,882	133,700
Securities available-for-sale, Unrealized loss position, Fair Value	217,969	224,876
Securities held-to-maturity, Unrealized loss position, Fair Value, Less than 12 Months	800	7,929
Securities held-to-maturity, Unrealized loss position, Fair Value, 12 Months or Longer	6,675
Securities held-to-maturity, Unrealized loss position, Fair Value	7,475	7,929
Total securities, Unrealized loss position, Fair Value, Less than 12 Months	17,887	99,105
Total securities, Unrealized loss position, Fair Value, 12 Months or Longer	207,557	133,700
Total securities, Unrealized loss position, Fair Value	225,444	232,805
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(359)	(10,266)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(39,827)	(32,323)
Securities available-for-sale, Unrealized losses	(40,186)	(42,589)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, Less than 12 Months	(200)	(571)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, 12 Months or Longer	(825)
Securities held-to-maturity, Unrealized losses	(1,025)	(571)
Unrealized loss position, Less than 12 Months, Unrealized Losses	(559)	(10,837)
Unrealized loss position, 12 Months or Longer, Unrealized Losses	(40,652)	(32,323)
Unrealized loss position, Unrealized Losses	(41,211)	(43,160)
U.S. agency securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months		3,823
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	15,631	13,465
Securities available-for-sale, Unrealized loss position, Fair Value	15,631	17,288
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months		(118)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(3,522)	(3,747)
Securities available-for-sale, Unrealized losses	(3,522)	(3,865)
Corporate securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months		2,494
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	4,158	4,026
Securities available-for-sale, Unrealized loss position, Fair Value	4,158	6,520
Securities held-to-maturity, Unrealized loss position, Fair Value, Less than 12 Months	800	7,929
Securities held-to-maturity, Unrealized loss position, Fair Value, 12 Months or Longer	6,675
Securities held-to-maturity, Unrealized loss position, Fair Value	7,475	7,929
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months		(4)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(842)	(975)
Securities available-for-sale, Unrealized losses	(842)	(979)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, Less than 12 Months	(200)	(571)
Securities held-to-maturity, Unrealized loss position, Unrealized losses, 12 Months or Longer	(825)
Securities held-to-maturity, Unrealized losses	(1,025)	(571)
Municipal bonds
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	5,394	44,261
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	111,803	73,990
Securities available-for-sale, Unrealized loss position, Fair Value	117,197	118,251
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(47)	(5,794)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(21,980)	(17,825)
Securities available-for-sale, Unrealized losses	(22,027)	(23,619)
Mortgage-backed securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	6,814	29,791
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	60,783	40,175
Securities available-for-sale, Unrealized loss position, Fair Value	67,597	69,966
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months	(312)	(3,188)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(12,167)	(9,270)
Securities available-for-sale, Unrealized losses	(12,479)	(12,458)
U.S. Small Business Administration securities
Fair Value
Securities available-for-sale, Unrealized loss position, Fair Value, Less than 12 Months	4,879	10,807
Securities available-for-sale, Unrealized loss position, Fair Value, 12 Months or Longer	8,507	2,044
Securities available-for-sale, Unrealized loss position, Fair Value	13,386	12,851
Unrealized Losses
Securities available-for-sale, Unrealized loss position, Unrealized losses, Less than 12 Months		(1,162)
Securities available-for-sale, Unrealized loss position, Unrealized losses, 12 Months or Longer	(1,316)	(506)
Securities available-for-sale, Unrealized losses	$ (1,316)	$ (1,668)

INVESTMENTS - Available for Sal

INVESTMENTS - Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Securities available-for-sale, Total	$ 265,989	$ 271,793
Securities held-to-maturity, Total	8,500	8,500
Amortized cost	274,489	280,293
Fair Value
Securities available-for-sale, Total	225,869	229,252
Securities held-to-maturity, Total	7,475	7,929
Total securities	233,344	237,181
U.S. agency securities
Amortized Cost
Securities available-for-sale, Due within one year or less	931	0
Securities available-for-sale, Due after one year through five years	3,941	4,874
Securities available-for-sale, Due after five years through ten years	8,990	6,989
Securities available-for-sale, Due after ten years	7,290	9,290
Securities available-for-sale, Total	21,152	21,153
Fair Value
Securities available-for-sale, Due in one year or less	911	0
Securities available-for-sale, Due after one year through five years	3,435	4,321
Securities available-for-sale, Due after five years through ten years	7,675	5,963
Securities available-for-sale, Due after ten years	5,617	7,004
Securities available-for-sale, Subtotal	17,638	17,288
Securities available-for-sale, Total	17,638	17,288
Corporate securities
Amortized Cost
Securities available-for-sale, Due within one year or less	1,000	1,000
Securities available-for-sale, Due after one year through five years	0	2,497
Securities available-for-sale, Due after five years through ten years	4,000	4,000
Securities available-for-sale, Due after ten years	1,999	2,000
Securities available-for-sale, Total	6,999	9,497
Securities held-to-maturity, Due after five years through ten years	8,500	8,500
Fair Value
Securities available-for-sale, Due in one year or less	1,014	997
Securities available-for-sale, Due after one year through five years	0	2,519
Securities available-for-sale, Due after five years through ten years	3,838	3,763
Securities available-for-sale, Due after ten years	1,341	1,266
Securities available-for-sale, Subtotal	6,193	8,545
Securities available-for-sale, Total	6,193	8,545
Securities held-to-maturity, Due after five years through ten years	7,475	7,929
Municipal bonds
Amortized Cost
Securities available-for-sale, Due within one year or less	0	2,660
Securities available-for-sale, Due after one year through five years	1,026	1,038
Securities available-for-sale, Due after five years through ten years	6,308	6,341
Securities available-for-sale, Due after ten years	133,340	134,161
Securities available-for-sale, Total	140,674	144,200
Fair Value
Securities available-for-sale, Due in one year or less	0	2,644
Securities available-for-sale, Due after one year through five years	1,001	1,012
Securities available-for-sale, Due after five years through ten years	5,783	5,771
Securities available-for-sale, Due after ten years	111,880	111,175
Securities available-for-sale, Subtotal	118,664	120,602
Securities available-for-sale, Total	118,664	120,602
Mortgage-backed securities
Amortized Cost
Securities available-for-sale, Total	80,076	82,424
Fair Value
Securities available-for-sale, Mortgage-backed securities	67,597	69,966
Securities available-for-sale, Total	67,597	69,966
Federal National Mortgage Association ("FNMA")
Amortized Cost
Securities available-for-sale, Total	66,597	68,421
Fair Value
Securities available-for-sale, Mortgage-backed securities	55,569	57,358
Federal Home Loan Mortgage Corporation ("FHLMC")
Amortized Cost
Securities available-for-sale, Total	9,162	9,290
Fair Value
Securities available-for-sale, Mortgage-backed securities	8,329	8,424
Government National Mortgage Association ("GNMA")
Amortized Cost
Securities available-for-sale, Total	4,317	4,713
Fair Value
Securities available-for-sale, Mortgage-backed securities	3,699	4,184
U.S. Small Business Administration securities
Amortized Cost
Securities available-for-sale, Due within one year or less	168	0
Securities available-for-sale, Due after one year through five years	2,325	2,553
Securities available-for-sale, Due after five years through ten years	3,756	4,461
Securities available-for-sale, Due after ten years	10,839	7,505
Securities available-for-sale, Total	17,088	14,519
Fair Value
Securities available-for-sale, Due in one year or less	163	0
Securities available-for-sale, Due after one year through five years	2,183	2,407
Securities available-for-sale, Due after five years through ten years	3,486	3,996
Securities available-for-sale, Due after ten years	9,945	6,448
Securities available-for-sale, Subtotal	15,777	12,851
Securities available-for-sale, Total	$ 15,777	$ 12,851

LOANS RECEIVABLE AND ALLOWANC_3

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	$ 2,372,774		$ 2,218,852
ACL for loans	(30,350)	$ (29,937)	(27,992)	$ (24,967)	$ (23,365)	$ (25,635)
Total loans receivable, net	2,342,424		2,190,860
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	1,470,814		1,421,260
ACL for loans	(12,307)	(12,572)	(12,123)	(11,512)	(10,560)	(14,798)
REAL ESTATE LOANS | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	343,008		334,059
REAL ESTATE LOANS | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	312,093		342,591
REAL ESTATE LOANS | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	62,304		55,387
REAL ESTATE LOANS | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	521,734		469,485
REAL ESTATE LOANS | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	231,675		219,738
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	633,908		569,572
ACL for loans	(14,017)	(13,401)	(12,109)	(10,605)	(9,792)	(4,280)
CONSUMER LOANS | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	557,818		495,941
CONSUMER LOANS | Marine
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	72,484		70,567
CONSUMER LOANS | Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	3,606		3,064
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	268,052		228,020
ACL for loans	(4,026)	$ (3,964)	(3,760)	$ (2,850)	$ (3,013)	$ (6,536)
COMMERCIAL BUSINESS LOANS | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	237,403		196,791
COMMERCIAL BUSINESS LOANS | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable, gross	$ 30,649		$ 31,229

LOANS RECEIVABLE AND ALLOWANC_4

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2023 contract	Jun. 30, 2023 USD ($) division segment item	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments | segment		3
Number of warehouse lending divisions | division		2
Loans receivable, net		$ 2,342,424	$ 2,190,860
Loans pledged as collateral for Federal Reserve Bank lines of credit		$ 618,800	579,800
Minimum term for accrual of interest on loans to be discontinued		90 days
Unearned loan fees in excess of unamortized costs and premiums		$ 8,300	7,800
Net discounts on acquired loans		2,900	437
Accrued interest receivable		$ 10,400	$ 9,600
Accounts Receivable, Noncurrent, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Interest Receivable	Interest Receivable
Accounting Standards Update 2022-02
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans modified		$ 0
Asset Pledged as Collateral without Right | Federal Home Loan Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net		$ 988,500	$ 840,200
Minimum | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Units in Real Estate Property | item		5
COMMERCIAL BUSINESS LOANS | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of restructured loans | contract	2
Loans modified		$ 3,500
Percentage of financing receivables that have been modified		1.40%
COMMERCIAL BUSINESS LOANS | Commercial and industrial | Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual term increased	60 months
COMMERCIAL BUSINESS LOANS | Commercial and industrial | Contractual Interest Rate Reduction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual interest rate	4.10%		7.50%

LOANS RECEIVABLE AND ALLOWANC_5

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Allowance for Credit Losses on Loans by Loan Categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
ACL FOR LOANS
Beginning balance	$ 29,937	$ 23,365	$ 27,992	$ 25,635
Provision for (reversal of) credit losses on loans	1,063	1,619	3,418	2,471
Loans charged off	(876)	(297)	(1,596)	(820)
Recoveries	226	280	536	540
Net charge-offs	(650)	(17)	(1,060)	(280)
Ending balance	30,350	24,967	30,350	24,967
Cumulative Effect, Period of Adoption, Adjustment
ACL FOR LOANS
Beginning balance				(2,859)
Unallocated Financing Receivables [Member]
ACL FOR LOANS
Beginning balance				21
Unallocated Financing Receivables [Member] | Cumulative Effect, Period of Adoption, Adjustment
ACL FOR LOANS
Beginning balance				(21)
REAL ESTATE LOANS
ACL FOR LOANS
Beginning balance	12,572	10,560	12,123	14,798
Provision for (reversal of) credit losses on loans	(265)	952	194	1,948
Loans charged off			(10)
Net charge-offs			(10)
Ending balance	12,307	11,512	12,307	11,512
REAL ESTATE LOANS | Cumulative Effect, Period of Adoption, Adjustment
ACL FOR LOANS
Beginning balance				(5,234)
CONSUMER LOANS
ACL FOR LOANS
Beginning balance	13,401	9,792	12,109	4,280
Provision for (reversal of) credit losses on loans	1,266	830	2,957	527
Loans charged off	(876)	(297)	(1,585)	(820)
Recoveries	226	280	536	540
Net charge-offs	(650)	(17)	(1,049)	(280)
Ending balance	14,017	10,605	14,017	10,605
CONSUMER LOANS | Cumulative Effect, Period of Adoption, Adjustment
ACL FOR LOANS
Beginning balance				6,078
COMMERCIAL BUSINESS LOANS
ACL FOR LOANS
Beginning balance	3,964	3,013	3,760	6,536
Provision for (reversal of) credit losses on loans	62	(163)	267	(4)
Loans charged off			(1)
Net charge-offs			(1)
Ending balance	$ 4,026	$ 2,850	$ 4,026	2,850
COMMERCIAL BUSINESS LOANS | Cumulative Effect, Period of Adoption, Adjustment
ACL FOR LOANS
Beginning balance				$ (3,682)

LOANS RECEIVABLE AND ALLOWANC_6

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Aging Analysis of Past Due Loans (Details) $ in Thousands	Jun. 30, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Jun. 30, 2022 loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	$ 2,372,774	$ 2,218,852
Non-Accrual	9,272	8,652
Number of TDR loans | loan			0
Number of TDRs which incurred payment default | loan			0
REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,470,814	1,421,260
Non-Accrual	1,320	966
CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	633,908	569,572
Non-Accrual	2,307	1,352
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	268,052	228,020
Commercial | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	343,008	334,059
Non-Accrual	1,061
Construction and development | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	312,093	342,591
Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	62,304	55,387
Non-Accrual	50	46
One-to-four-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	521,734	469,485
Non-Accrual	209	920
Multi-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	231,675	219,738
Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	557,818	495,941
Non-Accrual	1,833	1,076
Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	72,484	70,567
Non-Accrual	471	267
Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	3,606	3,064
Non-Accrual	3	9
Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	237,403	196,791
Non-Accrual	5,645	6,334
Warehouse lending | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	30,649	31,229
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,396	3,010
30-59 Days Past Due | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	27	29
30-59 Days Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,369	2,980
30-59 Days Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross		1
30-59 Days Past Due | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	27	29
30-59 Days Past Due | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,216	2,298
30-59 Days Past Due | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	145	650
30-59 Days Past Due | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	8	32
30-59 Days Past Due | Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross		1
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,154	1,211
60-89 Days Past Due | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	150	104
60-89 Days Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,004	1,107
60-89 Days Past Due | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	150	104
60-89 Days Past Due | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	930	685
60-89 Days Past Due | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	63	385
60-89 Days Past Due | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	11	37
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	$ 3,134	$ 3,719
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, gross	$ 221	$ 479
90 Days or More Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	796	623
90 Days or More Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,117	2,617
90 Days or More Past Due | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	12	16
90 Days or More Past Due | One-to-four-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	209	463
90 Days or More Past Due | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	723	532
90 Days or More Past Due | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	73	86
90 Days or More Past Due | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross		5
90 Days or More Past Due | Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,117	2,617
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	5,684	7,940
Past Due | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	398	612
Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	3,169	4,710
Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,117	2,618
Past Due | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	189	149
Past Due | One-to-four-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	209	463
Past Due | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,869	3,515
Past Due | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	281	1,121
Past Due | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	19	74
Past Due | Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,117	2,618
Not Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	2,367,090	2,210,912
Not Past Due | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	1,470,416	1,420,648
Not Past Due | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	630,739	564,862
Not Past Due | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	265,935	225,402
Not Past Due | Commercial | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	343,008	334,059
Not Past Due | Construction and development | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	312,093	342,591
Not Past Due | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	62,115	55,238
Not Past Due | One-to-four-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	521,525	469,022
Not Past Due | Multi-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	231,675	219,738
Not Past Due | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	554,949	492,426
Not Past Due | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	72,203	69,446
Not Past Due | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	3,587	2,990
Not Past Due | Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	235,286	194,173
Not Past Due | Warehouse lending | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivable, gross	30,649	31,229
Non-Accrual
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	9,272	8,652
Non-Accrual | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	1,320	966
Non-Accrual | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	2,307	1,352
Non-Accrual | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	5,645	6,334
Non-Accrual | Commercial | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	1,061
Non-Accrual | Home equity. | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	50	46
Non-Accrual | One-to-four-family | REAL ESTATE LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	209	920
Non-Accrual | Indirect home improvement | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	1,833	1,076
Non-Accrual | Marine | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	471	267
Non-Accrual | Other consumer loans | CONSUMER LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	3	9
Non-Accrual | Commercial and industrial | COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-Accrual	$ 5,645	$ 6,334

LOANS RECEIVABLE AND ALLOWANC_7

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Risk Rated Loan Balances (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	$ 269,911		$ 269,911		$ 808,060
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	772,013		772,013		550,357
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	492,612		492,612		284,645
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	272,222		272,222		164,717
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	141,907		141,907		64,940
Prior	216,530		216,530		166,172
Revolving Loans	206,681		206,681		179,462
Revolving Loans Converted to Term	898		898		499
Total Loans	2,372,774		2,372,774		2,218,852
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, charge-offs			31
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, charge-offs			560
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, charge-offs			293
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, charge-offs			113
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, charge-offs			111
Prior, charge-offs			410
Revolving Loans, charge-offs			78
Total Charge-offs	876	$ 297	1,596	$ 820
Pass
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	266,088		266,088		798,208
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	761,000		761,000		547,426
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	489,932		489,932		279,938
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	267,903		267,903		159,466
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	138,296		138,296		61,985
Prior	210,351		210,351		155,636
Revolving Loans	195,243		195,243		176,074
Revolving Loans Converted to Term	898		898		199
Total Loans	2,329,711		2,329,711		2,178,932
Watch
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	194		194		9,504
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	10,378		10,378		1,127
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	601		601		3,305
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	2,649		2,649
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	453		453
Prior	1,157		1,157		746
Revolving Loans	8,837		8,837		1,329
Total Loans	24,269		24,269		16,011
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year					2,747
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	983		983
Prior	270		270
Revolving Loans	1,135		1,135		963
Total Loans	2,388		2,388		3,710
Substandard
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	3,629		3,629		348
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	635		635		1,804
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	2,079		2,079		1,402
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	1,670		1,670		2,504
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	2,175		2,175		2,955
Prior	4,752		4,752		9,790
Revolving Loans	1,466		1,466		1,096
Revolving Loans Converted to Term					300
Total Loans	16,406		16,406		20,199
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	136,365		136,365		501,184
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	477,273		477,273		389,085
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	347,915		347,915		206,119
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	200,153		200,153		120,116
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	100,970		100,970		37,852
Prior	159,443		159,443		127,642
Revolving Loans	47,889		47,889		39,063
Revolving Loans Converted to Term	806		806		199
Total Loans	1,470,814		1,470,814		1,421,260
Total Charge-offs			10
REAL ESTATE LOANS | Commercial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	18,901		18,901		95,693
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	97,542		97,542		76,030
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	76,437		76,437		46,498
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	48,519		48,519		41,043
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	29,208		29,208		14,682
Prior	72,056		72,056		60,113
Revolving Loans	16		16
Revolving Loans Converted to Term	329		329
Total Loans	343,008		343,008		334,059
REAL ESTATE LOANS | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	51,332		51,332		193,084
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	177,805		177,805		118,724
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	66,261		66,261		21,966
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	16,102		16,102		8,379
Prior	593		593		438
Total Loans	312,093		312,093		342,591
REAL ESTATE LOANS | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	2,042		2,042		4,978
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	1,716		1,716		1,696
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	1,606		1,606		6,818
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	6,672		6,672		11
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	11		11		1,216
Prior	2,384		2,384		1,605
Revolving Loans	47,873		47,873		39,063
Total Loans	62,304		62,304		55,387
Revolving Loans, charge-offs			10
Total Charge-offs			10
REAL ESTATE LOANS | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	59,664		59,664		166,388
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	165,956		165,956		129,282
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	125,437		125,437		82,461
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	80,959		80,959		31,878
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	33,353		33,353		17,778
Prior	55,888		55,888		41,499
Revolving Loans Converted to Term	477		477		199
Total Loans	521,734		521,734		469,485
REAL ESTATE LOANS | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	4,426		4,426		41,041
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	34,254		34,254		63,353
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	78,174		78,174		48,376
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	47,901		47,901		38,805
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	38,398		38,398		4,176
Prior	28,522		28,522		23,987
Total Loans	231,675		231,675		219,738
REAL ESTATE LOANS | Pass | Commercial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	18,901		18,901		86,189
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	88,035		88,035		76,030
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	76,437		76,437		46,125
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	48,519		48,519		38,930
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	28,338		28,338		14,101
Prior	70,116		70,116		55,271
Revolving Loans Converted to Term	329		329
Total Loans	330,675		330,675		316,646
REAL ESTATE LOANS | Pass | Construction and development
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	51,332		51,332		193,084
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	177,805		177,805		118,724
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	66,261		66,261		21,966
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	16,102		16,102		8,379
Prior	593		593		438
Total Loans	312,093		312,093		342,591
REAL ESTATE LOANS | Pass | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	2,042		2,042		4,978
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	1,716		1,716		1,696
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	1,606		1,606		6,818
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	6,672		6,672		11
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	11		11		1,203
Prior	2,345		2,345		1,572
Revolving Loans	47,862		47,862		39,063
Total Loans	62,254		62,254		55,341
REAL ESTATE LOANS | Pass | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	59,664		59,664		166,388
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	165,085		165,085		129,282
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	125,437		125,437		82,461
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	80,959		80,959		31,878
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	33,353		33,353		15,837
Prior	53,756		53,756		40,526
Revolving Loans Converted to Term	477		477		199
Total Loans	518,731		518,731		466,571
REAL ESTATE LOANS | Pass | Multi-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	4,426		4,426		41,041
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	34,254		34,254		63,353
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	78,174		78,174		48,376
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	47,901		47,901		38,805
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	38,398		38,398		4,176
Prior	28,522		28,522		23,987
Total Loans	231,675		231,675		219,738
REAL ESTATE LOANS | Watch | Commercial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year					9,504
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	9,507		9,507
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year					373
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	453		453
Revolving Loans	16		16
Total Loans	9,976		9,976		9,877
REAL ESTATE LOANS | Watch | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	871		871
Total Loans	871		871
REAL ESTATE LOANS | Special Mention | Commercial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year					2,113
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	417		417
Total Loans	417		417		2,113
REAL ESTATE LOANS | Substandard | Commercial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year					581
Prior	1,940		1,940		4,842
Total Loans	1,940		1,940		5,423
REAL ESTATE LOANS | Substandard | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year					13
Prior	39		39		33
Revolving Loans	11		11
Total Loans	50		50		46
REAL ESTATE LOANS | Substandard | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year					1,941
Prior	2,132		2,132		973
Total Loans	2,132		2,132		2,914
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	117,847		117,847		282,539
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	263,640		263,640		135,998
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	118,167		118,167		61,868
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	55,150		55,150		37,736
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	32,929		32,929		23,824
Prior	43,981		43,981		26,344
Revolving Loans	2,194		2,194		1,263
Total Loans	633,908		633,908		569,572
Total Charge-offs	876	$ 297	1,585	$ 820
CONSUMER LOANS | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	109,745		109,745		253,842
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	237,344		237,344		123,477
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	107,181		107,181		46,613
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	40,905		40,905		31,313
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	27,238		27,238		18,334
Prior	35,398		35,398		22,353
Revolving Loans	7		7		9
Total Loans	557,818		557,818		495,941
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, charge-offs			31
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, charge-offs			511
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, charge-offs			194
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, charge-offs			113
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, charge-offs			104
Prior, charge-offs			228
Total Charge-offs			1,181
CONSUMER LOANS | Marine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	8,001		8,001		27,904
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	25,589		25,589		11,762
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	10,742		10,742		15,139
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	14,130		14,130		6,375
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	5,670		5,670		5,476
Prior	8,352		8,352		3,911
Total Loans	72,484		72,484		70,567
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, charge-offs			47
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, charge-offs			93
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, charge-offs			7
Prior, charge-offs			182
Total Charge-offs			329
CONSUMER LOANS | Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	101		101		793
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	707		707		759
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	244		244		116
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	115		115		48
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	21		21		14
Prior	231		231		80
Revolving Loans	2,187		2,187		1,254
Total Loans	3,606		3,606		3,064
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, charge-offs			2
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, charge-offs			5
Revolving Loans, charge-offs			68
Total Charge-offs			75
CONSUMER LOANS | Pass | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	109,645		109,645		253,495
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	236,709		236,709		123,264
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	106,692		106,692		46,476
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	40,712		40,712		31,251
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	26,991		26,991		18,165
Prior	35,229		35,229		22,205
Revolving Loans	7		7		9
Total Loans	555,985		555,985		494,865
CONSUMER LOANS | Pass | Marine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	8,001		8,001		27,904
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	25,589		25,589		11,762
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	10,717		10,717		15,139
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	14,130		14,130		6,224
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	5,523		5,523		5,415
Prior	8,053		8,053		3,856
Total Loans	72,013		72,013		70,300
CONSUMER LOANS | Pass | Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	101		101		792
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	707		707		754
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	244		244		116
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	115		115		48
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	21		21		14
Prior	231		231		80
Revolving Loans	2,184		2,184		1,251
Total Loans	3,603		3,603		3,055
CONSUMER LOANS | Substandard | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	100		100		347
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	635		635		213
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	489		489		137
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	193		193		62
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	247		247		169
Prior	169		169		148
Total Loans	1,833		1,833		1,076
CONSUMER LOANS | Substandard | Marine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	25		25
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year					151
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	147		147		61
Prior	299		299		55
Total Loans	471		471		267
CONSUMER LOANS | Substandard | Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year					1
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year					5
Revolving Loans	3		3		3
Total Loans	3		3		9
COMMERCIAL BUSINESS LOANS
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	15,699		15,699		24,337
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	31,100		31,100		25,274
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	26,530		26,530		16,658
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	16,919		16,919		6,865
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	8,008		8,008		3,264
Prior	13,106		13,106		12,186
Revolving Loans	156,598		156,598		139,136
Revolving Loans Converted to Term	92		92		300
Total Loans	268,052		268,052		228,020
Total Charge-offs			1
COMMERCIAL BUSINESS LOANS | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	15,699		15,699		24,337
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	31,100		31,100		25,274
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	26,530		26,530		16,658
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	16,919		16,919		6,865
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	8,008		8,008		3,264
Prior	13,106		13,106		12,186
Revolving Loans	125,949		125,949		107,907
Revolving Loans Converted to Term	92		92		300
Total Loans	237,403		237,403		196,791
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, charge-offs			1
Total Charge-offs			1
COMMERCIAL BUSINESS LOANS | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Revolving Loans	30,649		30,649		31,229
Total Loans	30,649		30,649		31,229
COMMERCIAL BUSINESS LOANS | Pass | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	11,976		11,976		24,337
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	31,100		31,100		22,561
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	24,364		24,364		12,461
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	12,793		12,793		3,940
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	5,661		5,661		3,074
Prior	11,506		11,506		7,701
Revolving Loans	116,799		116,799		104,524
Revolving Loans Converted to Term	92		92
Total Loans	214,291		214,291		178,598
COMMERCIAL BUSINESS LOANS | Pass | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Revolving Loans	28,391		28,391		31,227
Total Loans	28,391		28,391		31,227
COMMERCIAL BUSINESS LOANS | Watch | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	194		194
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year					1,127
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	601		601		2,932
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	2,649		2,649
Prior	1,157		1,157		746
Revolving Loans	6,563		6,563		1,327
Total Loans	11,164		11,164		6,132
COMMERCIAL BUSINESS LOANS | Watch | Warehouse lending
Financing Receivable, Recorded Investment [Line Items]
Revolving Loans	2,258		2,258		2
Total Loans	2,258		2,258		2
COMMERCIAL BUSINESS LOANS | Special Mention | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year					634
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	566		566
Prior	270		270
Revolving Loans	1,135		1,135		963
Total Loans	1,971		1,971		1,597
COMMERCIAL BUSINESS LOANS | Substandard | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	3,529		3,529
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year					1,586
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	1,565		1,565		1,265
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	1,477		1,477		2,291
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	1,781		1,781		190
Prior	173		173		3,739
Revolving Loans	1,452		1,452		1,093
Revolving Loans Converted to Term					300
Total Loans	$ 9,977		$ 9,977		$ 10,464

LOANS RECEIVABLE AND ALLOWANC_8

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Amortized Cost Basis of Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	$ 1,320,000		$ 1,320,000		$ 966,000
Nonaccrual with Allowance for Credit Losses	7,952,000		7,952,000		7,686,000
Total Nonaccrual	9,272,000		9,272,000		8,652,000
Recognized interest income on nonaccrual loans	106,000	$ 128,000	168,000	$ 226,000
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	1,320,000		1,320,000		966,000
Total Nonaccrual	1,320,000		1,320,000		966,000
REAL ESTATE LOANS | Commercial
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	1,061,000		1,061,000
Total Nonaccrual	1,061,000		1,061,000
REAL ESTATE LOANS | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	50,000		50,000		46,000
Total Nonaccrual	50,000		50,000		46,000
REAL ESTATE LOANS | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with no Allowance for Credit Losses	209,000		209,000		920,000
Total Nonaccrual	209,000		209,000		920,000
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	2,307,000		2,307,000		1,352,000
Total Nonaccrual	2,307,000		2,307,000		1,352,000
CONSUMER LOANS | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	1,833,000		1,833,000		1,076,000
Total Nonaccrual	1,833,000		1,833,000		1,076,000
CONSUMER LOANS | Marine
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	471,000		471,000		267,000
Total Nonaccrual	471,000		471,000		267,000
CONSUMER LOANS | Other consumer loans
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	3,000		3,000		9,000
Total Nonaccrual	3,000		3,000		9,000
COMMERCIAL BUSINESS LOANS | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual with Allowance for Credit Losses	5,645,000		5,645,000		6,334,000
Total Nonaccrual	$ 5,645,000		$ 5,645,000		$ 6,334,000

LOANS RECEIVABLE AND ALLOWANC_9

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES - LOANS - Amortized Cost Basis of Collateral Dependent Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	$ 9,269	$ 8,643
Commercial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,061
Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	259	966
Equipment
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	7,949	7,677
REAL ESTATE LOANS
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,320	966
REAL ESTATE LOANS | Commercial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,061
REAL ESTATE LOANS | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	50	46
REAL ESTATE LOANS | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	209	920
REAL ESTATE LOANS | Commercial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,061
REAL ESTATE LOANS | Commercial | Commercial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,061
REAL ESTATE LOANS | Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	259	966
REAL ESTATE LOANS | Residential Real Estate | Home equity.
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	50	46
REAL ESTATE LOANS | Residential Real Estate | One-to-four-family
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	209	920
CONSUMER LOANS
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	2,304	1,343
CONSUMER LOANS | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,833	1,076
CONSUMER LOANS | Marine
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	471	267
CONSUMER LOANS | Equipment
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	2,304	1,343
CONSUMER LOANS | Equipment | Indirect home improvement
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	1,833	1,076
CONSUMER LOANS | Equipment | Marine
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	471	267
COMMERCIAL BUSINESS LOANS | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	5,645	6,334
COMMERCIAL BUSINESS LOANS | Equipment | Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis of collateral dependent impaired loans	$ 5,645	$ 6,334

SERVICING RIGHTS - Narrative (D

SERVICING RIGHTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractually specified servicing fees, late fees, and other ancillary fees	$ 1.8	$ 1.8	$ 3.6	$ 3.5
Mortgage servicing rights.
Off-balance Sheet Risks, Disclosure Information [Line Items]
The unpaid principal balances of mortgage loans serviced	2,800		2,800		$ 2,780
Fair market value of servicing rights' assets	$ 37.5		$ 37.5		$ 35.5

SERVICING RIGHTS - Servicing Ri

SERVICING RIGHTS - Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance, at the lower of cost or fair value	$ 17,599	$ 18,041	$ 18,017	$ 16,970
Additions	920	1,460	1,325	4,010
MSR amortized	(894)	(985)	(1,715)	(2,465)
Recovery of servicing rights	2			1
Ending balance, at the lower of cost or fair value	$ 17,627	$ 18,516	$ 17,627	$ 18,516

SERVICING RIGHTS - Valuation As

SERVICING RIGHTS - Valuation Assumptions (Details) - Mortgage servicing rights.	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Off-balance Sheet Risks, Disclosure Information [Line Items]
Weighted average discount rate	9.60%	9.60%
Conditional prepayment rate ("CPR")	7.10%	8.20%
Weighted average life in years	8 years 4 months 24 days	7 years 9 months 18 days

SERVICING RIGHTS - Changes in V

SERVICING RIGHTS - Changes in Valuation Assumptions (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
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%	1%
Mortgage servicing rights.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Aggregate portfolio principal balance	$ 2,801,966	$ 2,783,458
Weighted average rate of note	3.50%	3.40%
Conditional prepayment rate, base	7.10%	8.20%
Conditional prepayment rate, 0.5% Adverse Change	7.70%	8.60%
Conditional prepayment rate, 1.0% Adverse Change	8.90%	9.30%
Fair value MSR, base	$ 37,486	$ 35,478
Fair value MSR, 0.5% Adverse Change	36,845	34,997
Fair value of MSR, 1.0% Adverse Change	$ 35,649	$ 34,188
Percentage of MSR, base	1.30%	1.30%
Percentage of MSR, 0.5% Adverse Change	1.30%	1.30%
Percentage of MSR, 1.0% Adverse Change	1.30%	1.20%
Discount rate, base	9.60%	9.60%
Discount rate, 0.5% Adverse Change	10.10%	10.10%
Discount rate, 1.0% Adverse Change	10.60%	10.60%
Fair value MSR, 0.5% Adverse Change	$ 36,651	$ 34,715
Fair value MSR, 1.0% Adverse Change	$ 35,851	$ 33,984
Percentage of MSR, 0.5% Adverse Change	1.30%	1.20%
Percentage of MSR, 1.0% Adverse Change	1.30%	1.20%

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Millions	Jun. 30, 2023 USD ($)
DERIVATIVES
Reclassification to interest expense related to cash flow hedges over next 12 months	$ (5.5)

DERIVATIVES - Cumulative-basis

DERIVATIVES - Cumulative-basis Adjustment for Fair Value Hedges (Details) - Fair Value Hedges - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Carrying Amount of the Hedged Assets	$ 55,833	$ 55,893
Cumulative Amount of Fair Value Hedging Adjustment Included in Carrying Amount of the Hedged Assets	4,167	$ 4,107
Amortized cost basis of closed portfolios used in hedging relationships	240,100
Amount of designated hedged item	$ 60,000

DERIVATIVES - Derivative instru

DERIVATIVES - Derivative instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Designated as Hedging Instrument | Interest rate swaps | Cash Flow Hedges
Derivative [Line Items]
Notional	$ 180,000	$ 90,000
Fair Value, Asset	7,361	5,780
Designated as Hedging Instrument | Interest rate swaps | Fair Value Hedges
Derivative [Line Items]
Notional	60,000	60,000
Fair Value, Asset	4,149	4,090
Not Designated as Hedging Instrument | Interest rate lock commitments with customers
Derivative [Line Items]
Notional	34,260	8,837
Fair Value, Asset	273	107
Not Designated as Hedging Instrument | Mandatory and best effort forward commitments
Derivative [Line Items]
Notional	7,856	4,558
Fair Value, Asset	123
Fair Value, Liability		38
Not Designated as Hedging Instrument | Forward TBA mortgage-backed securities
Derivative [Line Items]
Notional	36,000	27,000
Fair Value, Asset	192	$ 164
Not Designated as Hedging Instrument | Customer swap positions
Derivative [Line Items]
Notional	882
Fair Value, Liability	79
Not Designated as Hedging Instrument | Dealer offsets to customer swap positions
Derivative [Line Items]
Notional	882
Fair Value, Asset	$ 81

DERIVATIVES - Effect of Fair Va

DERIVATIVES - Effect of Fair Value and Cash Flow Hedge Accounting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
DERIVATIVES
Realized gains (losses) (pre-tax) reclassified from AOCI into net income	$ 1,271	$ 55	$ 2,178	$ (46)
Changes in the fair value of the non hedging derivatives	(51)	(1,500)	373	(1,700)
Interest rate swaps | Interest Expense Deposits
DERIVATIVES
Total amounts presented on the Consolidated Statements of Income	7,610	1,557	14,234	2,842
Interest rate swaps | Interest Income Securities
DERIVATIVES
Total amounts presented on the Consolidated Statements of Income	2,651	1,670	5,271	3,249
Fair Value Hedges | Interest rate swaps | Interest Income Securities
DERIVATIVES
Net gains (losses) on fair value hedging relationships - Recognized on hedged items	(1,191)	(933)	597	(933)
Net gains on fair value hedging relationships - Recognized on derivatives designated as hedging instruments	1,554	831	59	831
Net income (expense) recognized on fair value hedges	363	(102)	656	(102)
Cash Flow Hedges | Interest rate swaps | Interest Expense Deposits
DERIVATIVES
Realized gains (losses) (pre-tax) reclassified from AOCI into net income	1,271	55	2,178	(46)
Net income (expense) recognized on cash flow hedges	$ 1,271	$ 55	$ 2,178	$ (46)

DERIVATIVES - Offsetting Deriva

DERIVATIVES - Offsetting Derivative Assets (Details) - Interest rate swaps - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	$ 11,591	$ 9,870
Net Amounts of Assets Presented in the Statement of Financial Position	11,591	9,870
Gross Amounts Not Offset in the Statement of Financial Position - Net Amount	$ 11,591	$ 9,870

DERIVATIVES - Credit-risk-relat

DERIVATIVES - Credit-risk-related Contingent Features (Details)	Jun. 30, 2023 USD ($)
Credit-risk-related Contingent Features
Derivative, net liability position	$ 0
Carrying value of collateral already posted	2,800,000
Interest rate swaps
Credit-risk-related Contingent Features
Cash collateral for borrowed securities	680,000
Collateral for TBA Trades
Credit-risk-related Contingent Features
Cash collateral for borrowed securities	$ 115,000

LEASES (Details)

LEASES (Details)	6 Months Ended
	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Options to extend	true
Renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	9 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	7 years

LEASES - Components of lease co

LEASES - Components of lease cost and Supplemental information related to operating leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease cost:
Operating lease cost	$ 471	$ 348	$ 881	$ 691
Short-term lease cost	5	7	9	8
Total lease cost	476	355	890	699
Operating cash flows from operating leases	$ 482	$ 357	$ 906	$ 703
Weighted average remaining lease term- operating leases	4 years 4 months 24 days	4 years 8 months 12 days	4 years 4 months 24 days	4 years 8 months 12 days
Weighted average discount rate- operating leases	2.92%	2.05%	2.92%	2.05%

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Maturities of operating lease liabilities
Remainder of 2023	$ 964
2024	1,933
2025	1,628
2026	1,475
2027	1,173
Thereafter	1,383
Total lease payments	8,556
Less imputed interest	(866)
Total	$ 7,690	$ 6,474

OTHER REAL ESTATE OWNED ("ORE_3

OTHER REAL ESTATE OWNED ("OREO") - Activity related to OREO (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Real Estate [Roll Forward]
Beginning balance	$ 570		$ 570
Loans transferred to OREO		145		145
Ending balance	$ 570	$ 145	$ 570	$ 145

OTHER REAL ESTATE OWNED ("ORE_4

OTHER REAL ESTATE OWNED ("OREO") - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) property	Jun. 30, 2022 USD ($) property	Jun. 30, 2023 USD ($) property	Jun. 30, 2022 USD ($) property	Dec. 31, 2022 USD ($)
OTHER REAL ESTATE OWNED ("OREO")
Number of OREO Properties | property	1	1	1	1
Holding costs	$ 0	$ 0	$ 0	$ 0
Mortgage loans in process of foreclosure	$ 221,000		$ 221,000		$ 511,000

DEPOSITS - Deposit Liabilities

DEPOSITS - Deposit Liabilities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
DEPOSITS
Noninterest-bearing checking	$ 658,440,000	$ 537,938,000
Interest-bearing checking	183,012,000	135,127,000
Savings	169,013,000	134,358,000
Money market	419,308,000	574,290,000
Certificates of deposit less than $100,000	473,026,000	440,785,000
Certificates of deposit of $100,000 through $250,000	358,238,000	195,447,000
Certificates of deposit of $250,000 and over	87,499,000	93,560,000
Escrow accounts related to mortgages serviced	16,772,000	16,236,000
Total deposits	2,365,308,000	2,127,741,000
Interest-bearing domestic deposit, brokered deposits	0	2,300,000
Deposits, money market deposits, brokered deposits	51,000	59,700,000
Certificates of deposits less than 100000 brokered deposits	$ 295,700,000	$ 332,000,000

DEPOSITS - Maturities of Time D

DEPOSITS - Maturities of Time Deposits for Future Periods (Details) $ in Thousands	Jun. 30, 2023 USD ($)
DEPOSITS
Maturing in 2023	$ 382,635
Maturing in 2024	339,314
Maturing in 2025	130,136
Maturing in 2026	45,574
Maturing in 2027	20,697
Thereafter	408
Total	$ 918,764

DEPOSITS - Interest Expense by

DEPOSITS - Interest Expense by Deposit Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
DEPOSITS
Interest-bearing checking	$ 370	$ 92	$ 468	$ 253
Savings and money market	1,344	711	2,542	1,094
Certificates of deposit	5,896	754	11,224	1,495
Total	$ 7,610	$ 1,557	$ 14,234	$ 2,842

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Commitment (Details) - Commitments to Extend Credit - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 562,492	$ 548,542
REAL ESTATE LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	313,302	294,246
Commercial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	2,843	1,260
Construction and development
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	168,952	201,708
One-to-four-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	42,270	10,713
Home equity.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	96,279	77,566
Multi-family
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	2,958	2,999
CONSUMER LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	32,731	39,406
COMMERCIAL BUSINESS LOANS.
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	216,459	214,890
Commercial and industrial
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	168,593	150,109
Warehouse lending
Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments	$ 47,866	$ 64,781

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) action	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) action	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Allowance for unfunded loan commitments	$ 1,900,000		$ 1,900,000		$ 2,500,000
Amount of loans sold to FHLB			10,000,000
Amount of federal home loan bank, first loss account established	581,000		581,000
Bank recourse obligation	389,000		$ 389,000
Bank recourse obligation, percentage of loans outstanding			3.90%
Holdback as a percentage of outstanding CE			10%
Holdback for loans sold to FHLB			$ 39,000
Outstanding delinquencies on loans sold to Federal Home Loan Bank	$ 0		$ 0		0
Change of control agreement, executive payment, period following change in control (in months)			12 months
Pending material legal actions | action	0		0
Provision (recovery) for allowance for credit loss on unfunded loan commitments	$ (347,000)	$ 520,000	$ (596,000)	$ 485,000
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
One-to-four-family | Guarantee on loans sold
Loss Contingencies [Line Items]
Reserve for estimated losses	$ 2,100,000		$ 2,100,000		$ 2,300,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	$ 14,349	$ 14,035
Level 2 | Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	14,300	14,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	269,111	273,521
Total liabilities measured at fair value	(79)	(38)
Fair Value, Measurements, Recurring | Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	16,714	20,093
Fair Value, Measurements, Recurring | Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, at fair value	14,349	14,035
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]
Financial assets measured at fair value	17,638	17,288
Fair Value, Measurements, Recurring | Securities available-for-sale. | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	6,193	8,545
Fair Value, Measurements, Recurring | Securities available-for-sale. | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	118,664	120,602
Fair Value, Measurements, Recurring | Securities available-for-sale. | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	67,597	69,966
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]
Financial assets measured at fair value	15,777	12,851
Fair Value, Measurements, Recurring | Derivative | Forward TBA mortgage backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	192	164
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]
Financial assets measured at fair value	123
Total liabilities measured at fair value		(38)
Fair Value, Measurements, Recurring | Derivative | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	11,591	9,870
Total liabilities measured at fair value	(79)
Fair Value, Measurements, Recurring | Derivative | Interest rate lock commitments with customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	273	107
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial 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]
Financial 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]
Financial 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]
Financial 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]
Financial 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]
Financial 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]
Financial 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]
Financial 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]
Financial assets measured at fair value	0
Total liabilities measured at fair value		0
Fair Value, Measurements, Recurring | Level 1 | Derivative | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial 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]
Financial 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]
Financial assets measured at fair value	268,715	273,414
Total liabilities measured at fair value	(79)	0
Fair Value, Measurements, Recurring | Level 2 | Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	16,714	20,093
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	14,349	14,035
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]
Financial assets measured at fair value	17,638	17,288
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]
Financial assets measured at fair value	6,193	8,545
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]
Financial assets measured at fair value	118,664	120,602
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]
Financial assets measured at fair value	67,597	69,966
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]
Financial assets measured at fair value	15,777	12,851
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]
Financial assets measured at fair value	192	164
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]
Financial assets measured at fair value	0
Total liabilities measured at fair value		0
Fair Value, Measurements, Recurring | Level 2 | Derivative | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value	11,591	9,870
Total liabilities measured at fair value	(79)
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]
Financial 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]
Financial assets measured at fair value	396	107
Total liabilities measured at fair value	0	(38)
Fair Value, Measurements, Recurring | Level 3 | Mortgage loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial 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]
Financial 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]
Financial assets measured at fair value	0	0
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]
Financial assets measured at fair value	0	0
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]
Financial 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]
Financial assets measured at fair value	0	0
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]
Financial 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]
Financial assets measured at fair value	123
Total liabilities measured at fair value		(38)
Fair Value, Measurements, Recurring | Level 3 | Derivative | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial 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]
Financial assets measured at fair value	$ 273	$ 107

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	Jun. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSR	$ 37,486
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSR	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSR	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
MSR	$ 37,486

FAIR VALUE MEASUREMENTS - Disco

FAIR VALUE MEASUREMENTS - Discount Rate (Details)	Jun. 30, 2023	Dec. 31, 2022
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	fsbw:QuotedMarketPricesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:MeasurementInputPullThroughExpectationsMember	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	fsbw:QuotedMarketPricesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:MeasurementInputPullThroughExpectationsMember	fsbw:MeasurementInputPullThroughExpectationsMember
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	fsbw:IndustrySourcesMember
Debt Securities, Available-for-sale, Measurement Input [Extensible List]	fsbw:PrepaymentSpeedsMember	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)	0.913	0.925
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)	0.913	0.925
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)	0.071	0.082

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value Level 3 on recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest rate lock commitments with customers
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 565	$ 250	$ 107	$ 757
Purchases and Issuances	948	22	1,942	2,117
Sales and Settlements	(1,240)	(88)	(1,776)	(2,690)
Ending Balance	273	184	273	184
Net change in fair value for gains/(losses) relating to items held at end of period included in income	(292)	(66)	166	(573)
Individual forward sale commitments with investors
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	(13)	885	(38)	808
Purchases and Issuances	188	2,931	410	5,073
Sales and Settlements	(52)	(3,298)	(249)	(5,363)
Ending Balance	123	518	123	518
Net change in fair value for gains/(losses) relating to items held at end of period included in income	$ 136	$ (367)	$ 161	$ (290)

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair Value By Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial Assets
Certificates of deposit at other financial institutions	$ 14,747	$ 4,712
Securities available-for-sale, at fair value	225,869	229,252
Securities held-to-maturity, gross	8,500	8,500
Loans held for sale, at fair value	16,714	20,093
Loans receivable, at fair value	14,349	14,035
Carrying Amount | Level 1
Financial Assets
Cash and cash equivalents	132,099	41,437
Certificates of deposit at other financial institutions	14,747	4,712
Carrying Amount | Level 2
Financial Assets
Securities available-for-sale, at fair value	225,869	229,252
Securities held-to-maturity, gross	8,500	8,500
Loans held for sale, at fair value	16,714	20,093
FHLB stock, at cost	6,555	10,611
Forward TBA mortgage-backed securities	192	164
Loans receivable, at fair value	14,349	14,035
Interest rate swaps	11,591	9,870
Accrued interest receivable	12,244	11,144
Financial Liabilities
Deposits	2,365,308	2,127,741
Borrowings	199,896	186,528
Subordinated notes, excluding unamortized debt issuance costs	50,000	50,000
Accrued interest payable	3,381	2,270
Interest rate swaps	79
Carrying Amount | Level 3
Financial Assets
Loans receivable, gross	2,358,425	2,204,817
Servicing rights, held at lower of cost or fair value	17,627	18,017
Fair value interest rate locks with customers	273	107
Mandatory and best effort forward commitments with investors	123
Financial Liabilities
Mandatory and best effort forward commitments with investors		38
Fair Value | Level 1
Financial Assets
Cash and cash equivalents	132,099	41,437
Certificates of deposit at other financial institutions	14,747	4,712
Fair Value | Level 2
Financial Assets
Securities available-for-sale, at fair value	225,869	229,252
Securities held-to-maturity, gross	7,475	7,929
Loans held for sale, at fair value	16,714	20,093
FHLB stock, at cost	6,555	10,611
Forward TBA mortgage-backed securities	192	164
Loans receivable, at fair value	14,349	14,035
Interest rate swaps	11,591	9,870
Accrued interest receivable	12,244	11,144
Financial Liabilities
Deposits	2,347,200	2,105,926
Borrowings	199,400	186,188
Subordinated notes, excluding unamortized debt issuance costs	47,455	44,500
Accrued interest payable	3,381	2,270
Interest rate swaps	79
Fair Value | Level 3
Financial Assets
Loans receivable, gross	2,280,219	2,153,769
Servicing rights, held at lower of cost or fair value	37,486	35,478
Fair value interest rate locks with customers	273	107
Mandatory and best effort forward commitments with investors	$ 123
Financial Liabilities
Mandatory and best effort forward commitments with investors		$ 38

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans receivable, at fair value	$ 14,349,000		$ 14,349,000		$ 14,035,000
Increase (decrease) in fair value of loans receivable	(520,000)	$ (516,000)	57,000	$ (1,000,000)
Fair Value, Measurements, Nonrecurring
Financing Receivable, Allowance for Credit Losses [Line Items]
Financial assets measured at fair value					0
Level 2 | Residential Mortgage
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans receivable, at fair value	14,300,000		14,300,000		14,000,000
The unpaid principal balances of mortgage loans serviced for loans receivable at fair value	$ 15,900,000		$ 15,900,000		$ 15,600,000

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator (Dollars in thousands, except per share amounts):
Net Income	$ 9,116	$ 6,699	$ 17,328	$ 13,569
Dividends and undistributed earnings allocated to participating securities	(160)	(138)	(307)	(265)
Net income available to common shareholders	$ 8,956	$ 6,561	$ 17,021	$ 13,304
Denominator (shown as actual):
Basic weighted average common shares outstanding (in shares)	7,637,210	7,776,939	7,635,647	7,899,522
Dilutive shares (in shares)	109,126	119,271	133,870	131,214
Diluted weighted average common shares outstanding (in shares)	7,746,336	7,896,210	7,769,517	8,030,736
Basic earnings per share	$ 1.17	$ 0.84	$ 2.23	$ 1.68
Diluted earnings per share	$ 1.16	$ 0.83	$ 2.19	$ 1.66
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	67,675	68,008	50,555	52,364

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	May 17, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual life			10 years
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 364,000	$ 481,000	$ 1,000,000	$ 932,000
2018 Equity Incentive Plan | Equity option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual award vesting percentage			20%
Award contractual life			10 years
Shares available for grant	356,532		356,532
Unrecognized compensation cost, nonvested awards	$ 1,400,000		$ 1,400,000
Remaining weighted-average vesting period			3 years
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	114,222		114,222
Unrecognized compensation cost, nonvested awards	$ 2,200,000		$ 2,200,000
Weighted-average vesting period			3 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 | Equity option | Directors Excluding CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Maximum | 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
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
Maximum | 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
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
Minimum | 2018 Equity Incentive Plan | Equity option | Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			2 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
Minimum | 2018 Equity Incentive Plan | Restricted stock awards | Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			2 years
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
Two 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 9 months
Two 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			2 years
Three 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
Three 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			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)	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
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) | shares	647,832
Less exercised (in shares) | shares	6,225
Forfeited or Expired, Shares | shares	23,295
Outstanding, ending balance (in shares) | shares	618,312	647,832
Expected to vest, assuming a 0.31% annual forfeiture rate (in shares) | shares	610,295
Exercisable (in shares) | shares	302,096
Annual forfeiture rate	0.31%
Weighted-Average Exercise Price
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 26.67
Less exercised (in dollars per share) | $ / shares	8.45
Forfeited or expired, Weighted-Average Exercise Price (in dollars per share) | $ / shares	34.26
Outstanding, ending balance (in dollars per share) | $ / shares	26.57	$ 26.67
Expected to vest, assuming a 0.31% annual forfeiture rate (in dollars per share) | $ / shares	26.55
Exercisable (in dollars per share) | $ / shares	$ 24.18
Weighted-Average Remaining Contractual Term In Years
Remaining weighted-average vesting period	6 years 4 months 6 days	6 years 10 months 2 days
Expected to vest, assuming a 0.31% annual forfeiture rate, Weighted Average Remaining Contractual Term	6 years 3 months 7 days
Exercisable	5 years 14 days
Aggregate Intrinsic Value
Beginning balance | $	$ 4,627,255
Less exercised | $	130,192
Ending balance | $	2,796,274	$ 4,627,255
Expected to vest, assuming a 0.31% annual forfeiture rate | $	2,770,086
Exercisable | $	$ 1,924,864
2018 Equity Incentive Plan | Equity option
Shares
Award contractual life	10 years

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Awards (Details) - Restricted stock awards	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Shares
Nonvested, Beginning balance (in shares) | shares	118,530
Granted (shares) | shares	0
Less vested (in shares) | shares	1,453
Forfeited or expired ( in shares) | shares	4,812
Nonvested, Ending balance (in shares) | shares	112,265
Weighted-Average Grant-Date Fair Value Per Share
Nonvested, Beginning balance (in dollars per share) | $ / shares	$ 28.85
Granted (in dollars per share) | $ / shares	0
Less vested (in dollars per share) | $ / shares	0
Forfeited or expired (in dollars per share) | $ / shares	33.76
Nonvested, Ending balance (in dollars per share) | $ / shares	$ 28.64
Minimum | 2018 Equity Incentive Plan | Independent Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Minimum | 2018 Equity Incentive Plan | Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Maximum | 2018 Equity Incentive Plan | Independent Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Maximum | 2018 Equity Incentive Plan | Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

REGULATORY CAPITAL - (Narrative

REGULATORY CAPITAL - (Narrative) (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Ratio	0.088	0.097
Tier 1 risk-based capital, Ratio	0.100	0.107
Total risk-based capital, Ratio	0.133	0.140
CET 1 capital, Ratio	0.100	0.107
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 leverage capital, Ratio	0.1031
CET 1 capital, Amount	$ 290,867
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 141,020
Tier 1 risk-based capital, Ratio	0.1168
Total risk-based capital, Ratio	0.1293
CET 1 capital, Ratio	0.1168

REGULATORY CAPITAL - Compliance

REGULATORY CAPITAL - Compliance with Regulatory Capital Requirements under Banking Regulations (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital, Ratio	0.133	0.140
Tier 1 risk-based capital, Ratio	0.100	0.107
Tier 1 leverage capital, Ratio	0.088	0.097
CET 1 capital, Ratio	0.100	0.107
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based capital, Amount	$ 322,010
Total risk-based capital, Ratio	0.1293
Total risk-based capital, For Capital Adequacy Purposes, Amount	$ 199,223
Total risk-based capital, For Capital Adequacy Purposes, Ratio	0.0800
Total risk-based capital, For Capital Adequacy with Capital Buffer, Amount	$ 261,480
Total risk-based capital, For Capital Adequacy with Capital Buffer, Ratio	0.1050
Total risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 249,028
Total risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000
Tier 1 risk-based capital, Amount	$ 290,867
Tier 1 risk-based capital, Ratio	0.1168
Tier 1 risk-based capital, For Capital Adequacy Purposes, Amount	$ 149,417
Tier 1 risk-based capital, For Capital Adequacy Purposes, Ratio	0.0600
Tier 1 risk-based capital, For Capital Adequacy with Capital Buffer, Amount	$ 211,674
Tier 1 risk-based capital, For Capital Adequacy with Capital Buffer, Ratio	0.0850
Tier 1 risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 199,223
Tier 1 risk-based capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800
Tier 1 leverage capital	$ 290,867
Tier 1 leverage capital, Ratio	0.1031
Tier 1 leverage capital, For Capital Adequacy Purposes, Amount	$ 112,816
Tier 1 leverage capital, For Capital Adequacy Purposes, Ratio	0.0400
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 141,020
Tier 1 leverage capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500
CET 1 capital, Amount	$ 290,867
CET 1 capital, Ratio	0.1168
CET 1 capital, For Capital Adequacy Purposes, Amount	$ 112,063
CET 1 capital, For Capital Adequacy Purposes, Ratio	0.0450
CET 1 capital, For Capital Adequacy with Capital Buffer, Amount	$ 174,320
CET 1 capital, For Capital Adequacy with Capital Buffer, Ratio	0.0700
CET 1 capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 161,868
CET 1 capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0650

BUSINESS SEGMENTS - Segment Fin

BUSINESS SEGMENTS - Segment Financial Results (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 employee	Jun. 30, 2022 employee
Segment Reporting Information [Line Items]
Net interest income	$ 31,552	$ 24,729	$ 62,214	$ 47,451
Provision for credit losses on loans	(716)	(1,871)	(2,824)	(2,914)
Noninterest income	4,833	4,355	10,052	10,231
Noninterest expense	(24,204)	(18,929)	(47,728)	(37,996)
INCOME BEFORE PROVISION FOR INCOME TAXES	11,465	8,284	21,714	16,772
(Provision) benefit for income taxes	(2,349)	(1,585)	(4,386)	(3,203)
NET INCOME	9,116	6,699	17,328	13,569
Total average assets for period ended	$ 2,841,890	$ 2,356,320	$ 2,792,234	$ 2,313,533
FTEs	581	537	581	537	581	537
Home Lending
Segment Reporting Information [Line Items]
Net interest income	$ 3,283	$ 2,645	$ 6,445	$ 5,089
Provision for credit losses on loans	(87)	(1,152)	(706)	(998)
Noninterest income	2,127	2,230	4,966	5,601
Noninterest expense	(5,254)	(4,698)	(10,168)	(9,589)
INCOME BEFORE PROVISION FOR INCOME TAXES	69	(975)	537	103
(Provision) benefit for income taxes	(14)	219	(108)	(21)
NET INCOME	55	(756)	429	82
Total average assets for period ended	$ 528,662	$ 398,690	$ 510,419	$ 392,107
FTEs	137	148	137	148	137	148
Commercial and Consumer Banking
Segment Reporting Information [Line Items]
Net interest income	$ 28,269	$ 22,084	$ 55,769	$ 42,362
Provision for credit losses on loans	(629)	(719)	(2,118)	(1,916)
Noninterest income	2,706	2,125	5,086	4,630
Noninterest expense	(18,950)	(14,231)	(37,560)	(28,407)
INCOME BEFORE PROVISION FOR INCOME TAXES	11,396	9,259	21,177	16,669
(Provision) benefit for income taxes	(2,335)	(1,804)	(4,278)	(3,182)
NET INCOME	9,061	7,455	16,899	13,487
Total average assets for period ended	$ 2,313,228	$ 1,957,630	$ 2,281,815	$ 1,921,426
FTEs	444	389	444	389	444	389

BUSINESS SEGMENTS - Narrative (

BUSINESS SEGMENTS - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 item segment
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	27

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 24, 2023	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) item	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jan. 22, 2016 item
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 3,592		$ 3,592		$ 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				(4,121)	(3,430)	(3,430)
Finite-Lived Intangible Assets, Net, Beginning Balance				3,369	4,060	4,060
Amortization		(1,023)	$ (172)	(1,482)	$ (345)	(691)
Additions as a result of the Branch Purchase, Gross				17,438
Additions as a result of the Branch Purchase, net				17,438
Finite-Lived Intangible Assets, Gross, Total		24,928		24,928		7,490
Finite-Lived Intangible Assets, Accumulated Amortization		(5,603)		(5,603)		(4,121)
Finite-Lived Intangible Assets, Net, Ending Balance		19,325		19,325		3,369
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2023		1,982		1,982
2024		3,633		3,633
2025		3,191		3,191
2026		2,846		2,846
2027		2,500		2,500
Thereafter		5,173		5,173
Total		$ 19,325		$ 19,325		$ 3,369
Anchor Bancorp
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period				10 years
Bank of America
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period				9 years
Number of Retail Bank Branches Acquired | item		4		4			4
Columbia State Bank
Finite-Lived Intangible Assets, Net [Abstract]
Amortization period	10 years			10 years

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Noninterest Income
Noninterest income (in-scope of Topic 606)	$ 1,270	$ 809	$ 2,184	$ 1,568
Noninterest income (out-of-scope and/or immaterial to Topic 606)	3,563	3,546	7,868	8,663
Total noninterest income	4,833	4,355	10,052	10,231
Debit Card Interchange Fees
Noninterest Income
Noninterest income (in-scope of Topic 606)	882	584	1,520	1,127
Deposit service and account maintenance fees
Noninterest Income
Noninterest income (in-scope of Topic 606)	$ 388	$ 225	$ 664	$ 441