Waterstone Financial (WSBF) 10-Q 2 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Document Information [Line Items]
Entity Central Index Key	0001569994
Entity Registrant Name	Waterstone Financial, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-36271
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	90-1026709
Entity Address, Address Line One	11200 W. Plank Court
Entity Address, City or Town	Wauwatosa
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53226
City Area Code	414
Local Phone Number	761-1000
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	WSBF
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		21,297,620

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Assets
Cash		$ 53,364	$ 33,700
Federal funds sold		7,563	10,683
Interest-earning deposits in other financial institutions and other short term investments		263	2,259
Cash and cash equivalents		61,190	46,642
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)		195,011	196,588
Loans held for sale, at fair value		203,268	131,188
Loans receivable		1,614,684	1,510,178
Less: Allowance for credit losses ("ACL") - loans	[1]	18,374	17,757
Loans receivable, net		1,596,310	1,492,421
Office properties and equipment, net		20,335	21,105
Federal Home Loan Bank stock, at cost		26,798	17,357
Cash surrender value of life insurance		67,188	66,443
Real estate owned, net		145	145
Prepaid expenses and other assets		59,580	59,783
Total assets		2,229,825	2,031,672
Liabilities:
Demand deposits		197,102	230,596
Money market and savings deposits		280,758	326,145
Time deposits		709,108	642,271
Total deposits		1,186,968	1,199,012
Borrowings		614,877	386,784
Advance payments by borrowers for taxes		20,610	5,334
Other liabilities		51,607	70,056
Total liabilities		1,874,062	1,661,186
Commitments and contingencies (Note 9)
Shareholders’ equity:
Preferred stock (par value $.01 per share) Authorized - 50,000,000 shares at June 30, 2023 and at December 31, 2022, no shares issued		0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares at June 30, 2023 and at December 31, 2022, Issued and Outstanding - 21,375,876 at June 30, 2023 and 22,174,225 at December 31, 2022		214	222
Additional paid-in capital		116,611	128,550
Retained earnings		272,229	274,246
Unearned ESOP shares		(12,463)	(13,056)
Accumulated other comprehensive loss, net of taxes		(20,828)	(19,476)
Total shareholders’ equity		355,763	370,486
Total liabilities and shareholders’ equity		$ 2,229,825	$ 2,031,672
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Securities available for sale, cost	$ 221,824	$ 222,665
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	21,375,876	22,174,225
Common stock, shares outstanding (in shares)	21,375,876	22,174,225

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Loans		$ 22,150	$ 14,546	$ 42,035	$ 28,046
Mortgage-related securities		969	821	1,912	1,423
Debt securities, federal funds sold and short-term investments		1,128	1,049	2,190	1,977
Total interest income		24,247	16,416	46,137	31,446
Interest expense:
Deposits		5,955	751	10,043	1,530
Borrowings		5,617	1,584	9,624	3,971
Total interest expense		11,572	2,335	19,667	5,501
Net interest income		12,675	14,081	26,470	25,945
Provision (credit) for credit losses	[1]	186	48	646	(28)
Net interest income after provision (credit) for credit losses	[1]	12,489	14,033	25,824	25,973
Noninterest income:
Service charges on loans and deposits		611	666	1,041	1,176
Increase in cash surrender value of life insurance		714	724	1,039	1,040
Mortgage banking income		21,914	29,410	38,684	57,685
Other		286	438	1,315	1,155
Total noninterest income		23,525	31,238	42,079	61,056
Noninterest expenses:
Compensation, payroll taxes, and other employee benefits		22,395	25,793	42,447	51,328
Occupancy, office furniture, and equipment		2,046	2,056	4,309	4,244
Advertising		944	962	1,833	1,867
Data processing		1,090	1,144	2,212	2,346
Communications		225	258	476	598
Professional fees		618	349	1,034	810
Real estate owned		1	0	2	5
Loan processing expense		932	1,134	1,950	2,565
Other		2,671	3,354	5,766	6,221
Total noninterest expenses		30,922	35,050	60,029	69,984
Income before income taxes		5,092	10,221	7,874	17,045
Income tax expense		1,085	2,231	1,712	3,763
Net income		$ 4,007	$ 7,990	$ 6,162	$ 13,282
Income per share:
Basic earnings per share (in dollars per share)		$ 0.20	$ 0.36	$ 0.30	$ 0.59
Diluted earnings per share (in dollars per share)		$ 0.20	$ 0.36	$ 0.30	$ 0.58
Weighted average shares outstanding:
Weighted average shares outstanding (in shares)		20,384	22,126	20,635	22,626
Diluted (in shares)		20,431	22,229	20,702	22,768
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 4,007	$ 7,990	$ 6,162	$ 13,282
Other comprehensive loss, net of tax:
Net unrealized holding loss arising during the period, net of tax (expense) benefit of $(174), $2,266, $616, and $4,888 respectively	(3,459)	(6,051)	(1,352)	(13,053)
Total other comprehensive loss	(3,459)	(6,051)	(1,352)	(13,053)
Comprehensive income	$ 548	$ 1,939	$ 4,810	$ 229

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net unrealized holding (loss) gains arising during the period, tax	$ (174)	$ 2,266	$ 616	$ 4,888

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Unearned ESOP Shares [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2021							24,795
Balances at Dec. 31, 2021	$ 0	$ 0	$ (1,392)	$ 0	$ 0	$ (1,392)	$ 248	$ 174,505	$ 273,398	$ (14,243)	$ (1,135)	$ 432,773
Net income							0	0	(13,282)	0	0	(13,282)
Other comprehensive loss							0	0	0	0	(13,053)	(13,053)
Total comprehensive income (loss)												229
ESOP shares committed to be released to plan participants							0	391	0	593	0	984
Cash dividend							$ 0	0	(8,844)	0	0	(8,844)
Proceeds from stock option exercises (in shares)							38
Proceeds from stock option exercises							$ 0	246	0	0	0	246
Stock compensation expense							$ 0	330	0	0	0	330
Purchase of common stock returned to authorized but unissued (in shares)							(2,099)
Purchase of common stock returned to authorized but unissued							$ (21)	(37,925)	0	0	0	(37,946)
Net income							$ 0	0	13,282	0	0	13,282
Balances (in shares) at Jun. 30, 2022							22,734
Balances at Jun. 30, 2022							$ 227	137,547	276,444	(13,650)	(14,188)	386,380
Balances (in shares) at Mar. 31, 2022							24,147
Balances at Mar. 31, 2022							$ 241	161,354	272,740	(13,946)	(8,137)	412,252
Net income							0	0	(7,990)	0	0	(7,990)
Other comprehensive loss							0	0	0	0	(6,051)	(6,051)
Total comprehensive income (loss)												1,939
ESOP shares committed to be released to plan participants							0	155	0	296	0	451
Cash dividend							0	0	(4,286)	0	0	(4,286)
Stock compensation expense							$ 0	160	0	0	0	160
Purchase of common stock returned to authorized but unissued (in shares)							(1,418)
Purchase of common stock returned to authorized but unissued							$ (14)	(24,177)	0	0	0	(24,191)
Net income							$ 0	0	7,990	0	0	7,990
Stock Compensation Activity, net of tax (in shares)							5
Stock Compensation Activity, net of tax							$ 0	55	0	0	0	55
Balances (in shares) at Jun. 30, 2022							22,734
Balances at Jun. 30, 2022							$ 227	137,547	276,444	(13,650)	(14,188)	386,380
Balances (in shares) at Dec. 31, 2022							22,174
Balances at Dec. 31, 2022							$ 222	128,550	274,246	(13,056)	(19,476)	370,486
Net income							0	0	(6,162)	0	0	(6,162)
Other comprehensive loss							0	0	0	0	(1,352)	(1,352)
Total comprehensive income (loss)												4,810
ESOP shares committed to be released to plan participants							0	209	0	593	0	802
Cash dividend							0	0	(8,179)	0	0	(8,179)
Stock compensation expense							$ 0	188	0	0	0	188
Purchase of common stock returned to authorized but unissued (in shares)							(884)
Purchase of common stock returned to authorized but unissued							$ (9)	(13,154)	0	0	0	(13,163)
Net income							$ 0	0	6,162	0	0	6,162
Stock Compensation Activity, net of tax (in shares)							86
Stock Compensation Activity, net of tax							$ 1	818	0	0	0	819
Balances (in shares) at Jun. 30, 2023							21,376
Balances at Jun. 30, 2023							$ 214	116,611	272,229	(12,463)	(20,828)	355,763
Balances (in shares) at Mar. 31, 2023							21,867
Balances at Mar. 31, 2023							$ 219	123,448	272,268	(12,759)	(17,369)	365,807
Net income							0	0	(4,007)	0	0	(4,007)
Other comprehensive loss							0	0	0	0	(3,459)	(3,459)
Total comprehensive income (loss)							0	0	0	0	0	548
ESOP shares committed to be released to plan participants							0	80	0	296	0	376
Cash dividend							0	0	(4,046)	0	0	(4,046)
Stock compensation expense							$ 0	82	0	0	0	82
Purchase of common stock returned to authorized but unissued (in shares)							(511)
Purchase of common stock returned to authorized but unissued							$ (5)	(7,317)	0	0	0	(7,322)
Net income							$ 0	0	4,007	0	0	4,007
Stock Compensation Activity, net of tax (in shares)							20
Stock Compensation Activity, net of tax							$ 0	318	0	0	0	318
Balances (in shares) at Jun. 30, 2023							21,376
Balances at Jun. 30, 2023							$ 214	$ 116,611	$ 272,229	$ (12,463)	$ (20,828)	$ 355,763

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash dividend, price per share (in dollars per share)	$ 0.20	$ 0.20	$ 0.40	$ 0.40

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income		$ 6,162	$ 13,282
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision (credit) for credit losses	[1]	646	(28)
Depreciation, amortization, accretion		1,553	2,071
Deferred taxes		(901)	(251)
Stock based compensation		188	330
Origination of mortgage servicing rights		(759)	(1,521)
Proceeds on sales of mortgage servicing rights		3,530	0
Gain on sale of mortgage servicing rights		(583)	0
Gain on sale of loans held for sale		(35,753)	(40,977)
Loans originated for sale		(977,832)	(1,445,824)
Proceeds on sales of loans originated for sale		941,505	1,592,837
Gain on death benefit on bank owned life insurance		0	(340)
Increase in accrued interest receivable		(921)	(355)
Increase in cash surrender value of life insurance		(1,039)	(1,040)
Decrease (increase) in derivative assets		(664)	1,528
Increase (decrease) in accrued interest on deposits and borrowings		1,055	(368)
Increase in accrued tax expense		731	605
(Decrease) increase in derivative liabilities		(2,834)	2,985
Change in other assets and other liabilities, net		(5,547)	(4,771)
Net cash (used in) provided by operating activities		(71,463)	118,163
Investing activities:
Net increase in loans receivable		(104,506)	(70,052)
Debt securities		(1,038)	0
Mortgage related securities		(11,168)	(68,157)
Bank owned life insurance		(180)	(180)
FHLB stock		(9,441)	0
Premises and equipment		(156)	(450)
Principal repayments on mortgage-related securities		10,276	17,382
Maturities of debt securities		2,990	11,385
Sales of FHLB Stock		0	8,137
Death benefit on bank owned life insurance		474	1,183
Net cash used in investing activities		(112,749)	(100,752)
Financing activities:
Net decrease in deposits		(12,044)	(20,156)
Net change in short-term borrowings		233,093	(1,027)
Repayment of long-term debt		(120,000)	(195,000)
Proceeds from long-term debt		115,000	0
Net change in advance payments by borrowers for taxes		3,375	3,714
Cash dividends on common stock		(8,320)	(21,771)
Purchase of common stock returned to authorized but unissued		(13,163)	(37,946)
Proceeds from stock option exercises		819	246
Net cash provided by (used in) financing activities		198,760	(271,940)
Increase (decrease) in cash and cash equivalents		14,548	(254,529)
Cash and cash equivalents at beginning of period		46,642	376,722
Cash and cash equivalents at end of period		61,190	122,193
Supplemental information:
Income tax payments		1,883	3,000
Interest payments		12,627	5,133
Noncash activities:
Dividends declared but not paid in other liabilities		$ 4,370	$ 4,597
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Basis of Accounting [Text Block]	1 Basis of Presentation The unaudited interim consolidated financial statements include the accounts of Waterstone Financial, Inc. (the “Company”) and the Company’s subsidiaries. WaterStone Bank SSB (the "Bank") is a community bank that has served the banking needs of its customers since 1921. WaterStone Bank conducts its community banking business from 14 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin. WaterStone Bank's principal lending activity is originating one four WaterStone Bank's mortgage banking operations are conducted through its wholly-owned subsidiary, Waterstone Mortgage Corporation. Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market. Waterstone Mortgage Corporation utilizes lines of credit provided by WaterStone Bank as a primary source of funds, and also utilizes a line of credit with another financial institution as needed. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information, Rule 10 01 X 10 not The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the Company’s December 31, 2022 10 three six June 30, 2023 not may December 31, 2023 The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10 no three six June 30, 2023 Accounting Standards Adopted in 2023 The Company adopted "Troubled Debt Restructurings and Vintage Disclosures" under ASC Topic 326 January 1, 2023, 3 326 not

Note 2 - Securities Available f

Note 2 - Securities Available for Sale	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2 Securities Available for Sale The amortized cost and fair values of the Company’s investment in securities available for sale follow: June 30, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 13,442 $ 1 $ (1,631 ) $ 11,812 Collateralized mortgage obligations: Government sponsored enterprise issued 148,889 - (21,879 ) 127,010 Private-label issued 8,631 - (942 ) 7,689 Mortgage-related securities 170,962 1 (24,452 ) 146,511 Government sponsored enterprise bonds 2,500 - (221 ) 2,279 Municipal securities 35,774 418 (1,144 ) 35,048 Other debt securities 12,500 - (1,415 ) 11,085 Debt securities 50,774 418 (2,780 ) 48,412 Other securities 88 - - 88 Total $ 221,824 $ 419 $ (27,232 ) $ 195,011 December 31, 2022 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 15,134 $ 4 $ (1,824 ) $ 13,314 Collateralized mortgage obligations Government sponsored enterprise issued 145,740 - (20,975 ) 124,765 Private-label issued 9,041 - (935 ) 8,106 Mortgage related securities 169,915 4 (23,734 ) 146,185 Government sponsored enterprise bonds 2,500 - (244 ) 2,256 Municipal securities 37,699 428 (1,193 ) 36,934 Other debt securities 12,500 - (1,338 ) 11,162 Debt securities 52,699 428 (2,775 ) 50,352 Other securities 51 - - 51 Total $ 222,665 $ 432 $ (26,509 ) $ 196,588 The Company’s mortgage-backed securities and collateralized mortgage obligations issued by government sponsored enterprises are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. At June 30, 2023 December 31, 2022 The amortized cost and fair values of investment securities by contractual maturity at June 30, 2023 may may Amortized Fair Cost Value (In Thousands) Debt and other securities Due within one year $ 5,107 $ 5,079 Due after one year through five years 13,883 13,723 Due after five years through ten years 19,137 17,810 Due after ten years 12,647 11,800 Mortgage-related securities 170,962 146,511 Other securities 88 88 Total $ 221,824 $ 195,011 Gross unrealized losses on securities available for sale and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows: June 30, 2023 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized value loss value loss value loss (In Thousands) Mortgage-backed securities $ 849 $ 29 $ 10,855 $ 1,602 $ 11,704 $ 1,631 Collateralized mortgage obligations: Government sponsored enterprise issued 21,134 685 105,876 21,194 127,010 21,879 Private-label issued - - 6,644 942 6,644 942 Government sponsored enterprise bonds - - 2,279 221 2,279 221 Municipal securities 14,130 151 4,097 993 18,227 1,144 Other debt securities - - 11,085 1,415 11,085 1,415 Total $ 36,113 $ 865 $ 140,836 $ 26,367 $ 176,949 $ 27,232 December 31, 2022 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized value loss value loss value loss (In Thousands) Mortgage-backed securities $ 8,383 $ 655 $ 4,573 $ 1,169 $ 12,956 $ 1,824 Collateralized mortgage obligations: Government sponsored enterprise issued 65,270 6,400 59,495 14,575 124,765 20,975 Private-label issued 7,012 935 - - 7,012 935 Government sponsored enterprise bonds 2,256 244 - - 2,256 244 Municipal securities 18,648 192 4,095 1,001 22,743 1,193 Other debt securities 2,362 138 8,800 1,200 11,162 1,338 Total $ 103,931 $ 8,564 $ 76,963 $ 17,945 $ 180,894 $ 26,509 The Company reviews the investment securities portfolio on a quarterly basis to monitor securities in unrealized loss positions, which were comprised of 175 individual securities, to determine whether the impairment is due to credit-related factors or noncredit-related factors. In making this evaluation, management considers the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Company to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. As of June 30, 2023 December 31, 2022 not not not not not During the three six June 30, 2023 June 30, 2022

Note 3 - Loans Receivable

Note 3 - Loans Receivable	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3 Loans receivable at June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 543,720 $ 469,567 Multi-family 702,859 677,981 Home equity 11,663 11,455 Construction and land 48,794 62,494 Commercial real estate 271,240 262,973 Consumer 814 774 Commercial loans 35,594 24,934 Total $ 1,614,684 $ 1,510,178 The Company provides several types of loans to its customers, including residential, construction, commercial and consumer loans. Significant loan concentrations are considered to exist for a financial institution when there are amounts loaned to one no Qualifying loans receivable totaling $1.19 billion and $976.7 million at June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Certain of the Company's executive officers, directors, employees, and their related interests have loans with the Bank. Loans outstanding to such parties were approximately $3.1 million as of June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 An analysis of past due loans receivable as of June 30, 2023 December 31, 2022 As of June 30, 2023 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 3,820 $ - $ 4,075 $ 7,895 $ 535,825 $ 543,720 Multi-family - - - - 702,859 702,859 Home equity - - 38 38 11,625 11,663 Construction and land - - - - 48,794 48,794 Commercial real estate - 94 - 94 271,146 271,240 Consumer - - - - 814 814 Commercial loans - - 2 2 35,592 35,594 Total $ 3,820 $ 94 $ 4,115 $ 8,029 $ 1,606,655 $ 1,614,684 As of December 31, 2022 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 2,328 $ - $ 3,618 $ 5,946 $ 463,621 $ 469,567 Multi-family - - - - 677,981 677,981 Home equity 14 - 65 79 11,376 11,455 Construction and land - - - - 62,494 62,494 Commercial real estate - 233 - 233 262,740 262,973 Consumer - - - - 774 774 Commercial loans 3 - - 3 24,931 24,934 Total $ 2,345 $ 233 $ 3,683 $ 6,261 $ 1,503,917 $ 1,510,178 ( 1 - June 30, 2023 December 31, 2022 ( 2 - - June 30, 2023 December 31, 2022 ( 3 - June 30, 2023 December 31, 2022 The following tables present the activity in the allowance for credit losses by portfolio segment for the three six June 30, 2023 three six June 30, 2022 One- to Four-Family Multi-Family Home Equity Land and Construction Commercial Real Estate Consumer Commercial Total (In Thousands) Six months ended June 30, 2023 Balance at beginning of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757 Provision (credit) for credit losses - loans 1,776 (553 ) (9 ) (294 ) (600 ) 32 271 623 Charge-offs (29 ) - - - - (26 ) - (55 ) Recoveries 39 3 4 2 1 - - 49 Balance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Six months ended June 30, 2022 Balance at beginning of period $ 3,963 $ 5,398 $ 89 $ 1,386 $ 4,482 $ 33 $ 427 $ 15,778 Adoption of CECL 88 100 58 886 (640 ) 7 (69 ) $ 430 Provision (credit) for loan losses 600 1,167 6 (584 ) (694 ) 7 (162 ) $ 340 Charge-offs (65 ) - - - - (5 ) - $ (70 ) Recoveries 43 726 10 2 12 - - $ 793 Balance at end of period $ 4,629 $ 7,391 $ 163 $ 1,690 $ 3,160 $ 42 $ 196 $ 17,271 One to-Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Three months ended June 30, 2023 Balance at beginning of period $ 5,786 $ 7,848 $ 178 $ 858 $ 2,678 $ 52 $ 344 $ 17,744 Adoption of CECL - - - - - - - Provision (credit) for credit losses - loans 760 (426 ) (9 ) 201 (78 ) 6 194 648 Charge-offs (26 ) - - - - (5 ) - (31 ) Recoveries 9 3 - 1 - - - 13 Balance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Three months ended June 30, 2022 Balance at beginning of period $ 4,415 $ 6,562 $ 185 $ 1,831 $ 3,631 $ 41 $ 240 $ 16,905 Provision for loan losses 264 675 (27 ) (142 ) (472 ) 5 (44 ) 259 Charge-offs (65 ) - - - - (4 ) - (69 ) Recoveries 15 154 5 1 1 - - 176 Balance at end of period $ 4,629 $ 7,391 $ 163 $ 1,690 $ 3,160 $ 42 $ 196 $ 17,271 The Company utilized the Vintage Loss Rate method in determining expected future credit losses. This technique considers losses over the full life cycle of loan pools. A vintage is a group of loans originated in the same annual time period. The loss rate method measures the amount of loan charge–offs, net of recoveries, (“loan losses”) recognized over the life of a pool by loan segment and vintage and compares those loan losses to the original loan balance of that pool as of a similar vintage. To estimate a CECL loss rate for the pool, management first The Company’s expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company's historical look–back period includes January 2012 not may Additionally, the weighted average remaining maturity ("WARM") method is used for the Construction and Consumer loan pools. The WARM method considers an estimate of expected credit losses over the remaining life of the financial assets and uses average annual charge-off rates to estimate the allowance for credit losses. For amortizing assets, the remaining contractual life is adjusted by the expected scheduled payments and prepayments. The average annual charge-off rate is applied to the amortization-adjusted remaining life to determine the unadjusted lifetime historical charge-off rate. Qualitative reserves reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration other analytics performed within the organization, such as enterprise and concentration management. Management attempts to quantify qualitative reserves whenever possible. The CECL methodology applied focuses on evaluation of qualitative and environmental factors, including but not x The Company’s CECL estimate applies a forecast that incorporates macroeconomic trends and other environmental factors. Management utilized national, regional and local leading economic indexes, as well as management judgment, as the basis for the forecast period. The historical loss rate was utilized as the base rate, and qualitative adjustments and future forecast adjustments were applied. The Company segments the loan portfolio into pools based on the following risk characteristics: collateral type, credit characteristics, loan origination balance, and outstanding loan balances. Allowance for Credit Losses-Unfunded Commitments : In addition to the ACL-Loans, the Company has established an ACL-Unfunded commitments, classified in other liabilities on the consolidated statements of financial condition. This reserve is maintained at a level that management believes is sufficient to absorb losses arising from unfunded loan commitments, and is determined quarterly based on methodology similar to the methodology for determining the ACL-Loans. The allowance for unfunded commitments at June 30, 2023 December 31, 2022 Provision for Credit Losses : The provision for credit losses is determined by the Company as the amount to be added to the ACL loss accounts for various types of financial instruments including loans, investment securities, and off-balance sheet credit exposures after net charge-offs have been deducted to bring the ACL to a level that, in management's judgment, is necessary to absorb expected credit losses over the lives of the respective financial instruments. See Note 2 Three months ended Six months ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (In Thousands) Provision (credit) for credit losses on: Loans $ 648 $ 259 $ 623 $ 340 Unfunded commitments (462 ) (211 ) 23 (368 ) Investment securities - - - - Total $ 186 $ 48 $ 646 $ (28 ) Collateral Dependent Loans : A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. For collateral dependent loans, expected credit losses are based on the estimated fair value of the collateral at the balance sheet date, with consideration for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. The following tables present collateral dependent loans by portfolio segment and collateral type, including those loans with and without a related allowance allocation. The following tables present collateral dependent loans by portfolio segment and collateral type as of June 30, 2023 December 31, 2022 One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to collateral dependent loans $ - $ - $ - $ - $ - $ - $ - $ - Allowance related to pooled loans 6,529 7,425 169 1,060 2,600 53 538 18,374 Allowance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Collateral dependent loans $ 2,057 $ - $ 38 $ - $ 5,748 $ - $ 2 $ 7,845 Pooled loans 541,663 702,859 11,625 48,794 265,492 814 35,592 1,606,839 Total gross loans $ 543,720 $ 702,859 $ 11,663 $ 48,794 $ 271,240 $ 814 $ 35,594 $ 1,614,684 One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to collateral dependent loans $ - $ - $ - $ - $ - $ - $ - $ - Allowance related to pooled loans 4,743 7,975 174 1,352 3,199 47 267 17,757 Allowance at end of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757 Collateral dependent loans $ 2,584 $ - $ 40 $ - $ 5,455 $ - $ - $ 8,079 Pooled loans 466,983 677,981 11,415 62,494 257,518 774 24,934 1,502,099 Total gross loans $ 469,567 $ 677,981 $ 11,455 $ 62,494 $ 262,973 $ 774 $ 24,934 $ 1,510,178 The Company's procedures dictate that an updated valuation must be obtained with respect to underlying collateral at the time a loan is deemed impaired. Updated valuations may Estimated fair values are reduced to account for sales commissions, broker fees, unpaid property taxes and additional selling expenses to arrive at an estimated net realizable value. The adjustment factor is based upon the Company's actual experience with respect to sales of real estate owned over the prior two one With respect to multi-family income-producing real estate, appraisals are reviewed and estimated collateral values are adjusted by updating significant appraisal assumptions to reflect current real estate market conditions. Significant assumptions reviewed and updated include the capitalization rate, rental income and operating expenses. These adjusted assumptions are based upon recent appraisals received on similar properties as well as on actual experience related to real estate owned and currently under Company management. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company establishes a risk rating at origination for all commercial loan and commercial real estate relationships. For relationships over $1 million, management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt. Management also affirms the risk ratings for the loans in their respective portfolios on an annual basis. The Company uses the following definitions for risk ratings: Watch. may not not Substandard. not Loans not The following table presents information relating to the Company’s internal risk ratings of its loans receivable as of June 30, 2023 December 31, 2022 One to Four-Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At June 30, 2023 Substandard $ 4,107 $ - $ 38 $ - $ 5,748 $ - $ 1,559 $ 11,452 Watch 8,645 383 144 - 1,202 - - 10,374 Pass 530,968 702,476 11,481 48,794 264,290 814 34,035 1,592,858 $ 543,720 $ 702,859 $ 11,663 $ 48,794 $ 271,240 $ 814 $ 35,594 $ 1,614,684 At December 31, 2022 Substandard $ 4,209 $ - $ 98 $ - $ 5,454 $ - $ 61 $ 9,822 Watch 5,696 192 96 2,227 5,203 - 2,023 15,437 Pass 459,662 677,789 11,261 60,267 252,316 774 22,850 1,484,919 $ 469,567 $ 677,981 $ 11,455 $ 62,494 $ 262,973 $ 774 $ 24,934 $ 1,510,178 Credit Quality Information: The following table presents total loans by risk categories and year of origination as of June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total (In Thousands) One- to four-family Pass $ 164,348 $ 174,210 $ 49,429 $ 35,536 $ 20,639 $ 85,847 $ 959 $ 530,968 Watch 7,222 - - 602 - 821 - 8,645 Substandard 1,420 - - - - 2,687 - 4,107 Total 172,990 174,210 49,429 36,138 20,639 89,355 959 543,720 Multi-family Pass 54,136 243,893 146,330 134,132 41,036 81,490 1,459 $ 702,476 Watch - - - - - 383 - 383 Substandard - - - - - - - - Total 54,136 243,893 146,330 134,132 41,036 81,873 1,459 702,859 Home equity Pass 388 297 79 262 90 508 9,857 $ 11,481 Watch - - 88 - - - 56 144 Substandard - 20 18 - - - - 38 Total 388 317 185 262 90 508 9,913 11,663 Construction and land Pass 11,393 1,692 24,638 2,185 8,682 204 - $ 48,794 Watch - - - - - - - - Substandard - - - - - - - - Total 11,393 1,692 24,638 2,185 8,682 204 - 48,794 Commercial Real Estate Pass 38,623 79,398 52,549 37,283 20,491 34,706 1,240 $ 264,290 Watch - 1,060 - - 142 - - 1,202 Substandard 5,654 - - 94 - - - 5,748 Total 44,277 80,458 52,549 37,377 20,633 34,706 1,240 271,240 Consumer Pass - - - - - - 814 $ 814 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 814 814 Commercial Pass 15,289 1,918 1,067 2,928 130 6,547 6,156 $ 34,035 Watch - - - - - - - - Substandard - 90 - - 25 - 1,444 1,559 Total 15,289 2,008 1,067 2,928 155 6,547 7,600 35,594 Total Loans $ 298,473 $ 502,578 $ 274,198 $ 213,022 $ 91,235 $ 213,193 $ 21,985 $ 1,614,684 Gross charge-offs $ 29 $ - $ - $ - $ - $ - $ 26 $ 55 The following table presents total loans by risk categories and year of origination as of December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total (In Thousands) One- to four-family Pass $ 246,437 $ 55,494 $ 37,438 $ 21,813 $ 20,580 $ 76,568 $ 1,332 $ 459,662 Watch 4,823 - - - - 873 - 5,696 Substandard 218 1,255 519 - - 2,217 - 4,209 Total 251,478 56,749 37,957 21,813 20,580 79,658 1,332 469,567 Multi-family Pass 255,100 144,731 139,386 44,221 22,689 70,905 757 677,789 Watch - - - - - 192 - 192 Substandard - - - - - - - - Total 255,100 144,731 139,386 44,221 22,689 71,097 757 677,981 Home equity Pass 290 81 865 104 174 82 9,665 11,261 Watch - 96 - - - - - 96 Substandard 22 18 - - - - 58 98 Total 312 195 865 104 174 82 9,723 11,455 Construction and land Pass 2,958 49,092 2,308 5,690 123 96 - 60,267 Watch - - - 2,227 - - - 2,227 Substandard - - - - - - - - Total 2,958 49,092 2,308 7,917 123 96 - 62,494 Commercial Real Estate Pass 87,971 53,788 39,015 24,795 21,467 24,595 685 252,316 Watch 1,616 - 95 2,226 1,266 - - 5,203 Substandard - - - - 5,454 - - 5,454 Total 89,587 53,788 39,110 27,021 28,187 24,595 685 262,973 Consumer Pass 19 - - - - - 755 774 Watch - - - - - - - - Substandard - - - - - - - - Total 19 - - - - - 755 774 Commercial Pass 9,385 1,228 1,256 240 936 5,622 4,183 22,850 Watch - - 1,928 - - 92 3 2,023 Substandard 61 - - - - - - 61 Total 9,446 1,228 3,184 240 936 5,714 4,186 24,934 Total Loans $ 608,900 $ 305,783 $ 222,810 $ 101,316 $ 72,689 $ 181,242 $ 17,438 $ 1,510,178 The following presents data on restructurings of financing receivables whose borrowers are experiencing financial difficulty: As of June 30, 2023 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 332 1 $ 332 1 $ - - $ 332 1 $ 332 1 The following presents data on troubled debt restructurings: As of December 31, 2022 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 936 4 $ 936 4 $ - - $ 936 4 $ 936 4 The following presents restructurings of financing receivables whose borrowers are experiencing financial difficulty by concession type: As of June 30, 2023 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 332 1 $ - - $ 332 1 $ 332 1 $ - - $ 332 1 The following presents troubled debt restructurings by concession type: As of December 31, 2022 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 399 2 $ - - $ 399 2 Interest reduction 18 1 - - 18 1 Principal forbearance 519 1 - - 519 1 $ 936 4 $ - - $ 936 4 There were no three six June 30, 2023 three June 30, 2022. one four six June 30, 2022 There were no restructurings of financing receivables whose borrowers are experiencing financial difficulty within the past twelve three six June 30, 2023 June 30, 2022 The following table presents data on non-accrual loans as of June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (Dollars in Thousands) Non-accrual loans: Residential One- to four-family $ 4,107 $ 4,209 Multi-family - - Home equity 38 98 Construction and land - - Commercial real estate - - Commercial 2 - Consumer - - Total non-accrual loans $ 4,147 $ 4,307 Total non-accrual loans to total loans receivable 0.26 % 0.29 % Total non-accrual loans to total assets 0.19 % 0.21 % Residential one four June 30, 2023 December 31, 2022

Note 4 - Mortgage Servicing Rig

Note 4 - Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Transfers and Servicing of Financial Assets [Text Block]	Note 4 Mortgage Servicing Rights The following table presents the activity in the Company’s mortgage servicing rights: Six months ended June 30, 2023 2022 (In Thousands) Mortgage servicing rights at beginning of the period $ 3,445 $ 1,555 Additions 759 1,521 Amortization (123 ) (248 ) Sales (2,767 ) - Mortgage servicing rights at end of the period 1,314 2,828 Valuation allowance recovered during the period - 7 Mortgage servicing rights at end of the period, net $ 1,314 $ 2,835 During the six June 30, 2023 June 30, 2023 December 31, 2022 not The fair value of mortgage servicing rights was $1.7 million at June 30, 2023 December 31, 2022 During the six June 30, 2023 three June 30, 2023, three six June 30, 2022 The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated: (In Thousands) Estimate for the annual period ending December 31: 2023 $ 111 2024 219 2025 179 2026 165 2027 146 Thereafter 494 Total $ 1,314

Note 5 - Deposits

Note 5 - Deposits	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 5 Deposits At June 30, 2023 December 31, 2022 $250,000 not $250,000 A summary of the contractual maturities of time deposits at June 30, 2023 (In Thousands) Within one year $ 603,931 More than one to two years 101,241 More than two to three years 2,533 More than three to four years 750 More than four through five years 653 $ 709,108 Certain directors and executive officers, including their immediate families and companies in which they are principal owners, are depositors of the Bank. Such deposits amounted to $7.6 million and $9.2 million at June 30, 2023 December 31, 2022

Note 6 - Borrowings

Note 6 - Borrowings	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 6 Borrowings Borrowings consist of the following: June 30, 2023 December 31, 2022 Weighted Weighted Average Average Balance Rate Balance Rate (Dollars in Thousands) Short term: Repurchase agreements $ 19,377 8.45 % $ 1,084 7.21 % Federal Home Loan Bank, Chicago advances 400,500 5.18 % 185,700 4.26 % Long term: Federal Home Loan Bank, Chicago advances maturing: 2025 125,000 3.83 % 125,000 3.83 % 2027 50,000 1.73 % 50,000 1.73 % 2032 - 0.00 % 25,000 2.35 % 2033 20,000 2.38 % - 0.00 % $ 614,877 4.64 % $ 386,784 3.68 % The short-term repurchase agreement represents the outstanding portion of a total $50.0 million commitment with one June 30, 2023 June 30, 2023 December 31, 2022 The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. In addition, the Company enters into agreements under which it sells loans held for sale subject to an obligation to repurchase the same loans. Under these arrangements, the Company may not no The $400.5 million FHLB short-term advances consist of a $51.0 million advance with a fixed rate of 5.21% and a maturity date of July 3, 2023, July 5, 2023, July 12, 2023, July 13, 2023, July 14, 2023, July 18, 2023, July 19, 2023, July 20, 2023, July 24, 2023, July 24, 2023, July 26, 2023, July 26, 2023, July 27, 2023. The $125.0 million in advances due in 2025 one September 2023, one November 2023, one November 2023, one The $50.0 million advance due in 2027 December 2027. The $20.0 million in advances due in 2033 one At June 30, 2023 The Company selects loans that meet underwriting criteria established by the FHLB as collateral for outstanding advances. The Company’s borrowings from the FHLB are limited to 78% of the carrying value of unencumbered one four June 30, 2023 December 31, 2022

Note 7 - Regulatory Capital

Note 7 - Regulatory Capital	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 7 Regulatory Capital The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements, or overall financial performance deemed by the regulators to be inadequate, can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Company's and Bank’s assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices. The Company's and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. As required by applicable legislation, the federal banking agencies were required to develop a “Community Bank Leverage Ratio” (the ratio of a bank’s tangible equity capital to average total consolidated assets) for financial institutions with assets of less than $10 may The federal banking agencies must set the minimum capital for the new Community Bank Leverage Ratio at not 8% not 10%. 9%. second 2020. Prompt corrective action regulations provide five not The minimum capital ratios set forth in the Regulatory Capital Plans will be increased and other minimum capital requirements will be established if and as necessary. In accordance with the Regulatory Capital Plans, the Bank will not 1 2.5%. As of June 30, 2023 no The Bank is subject to regulatory restrictions on the amount of dividends it may not The actual and required capital amounts and ratios for the Bank as of June 30, 2023 December 31, 2022 June 30, 2023 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 395,715 22.43 % $ 141,140 8.00 % $ 185,240 10.50 % N/A N/A Waterstone Bank 356,550 20.18 % 141,350 8.00 % 185,520 10.50 % 176,685 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 375,980 21.31 % 105,860 6.00 % 149,970 8.50 % N/A N/A Waterstone Bank 336,815 19.06 % 106,030 6.00 % 150,210 8.50 % 141,370 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 375,980 21.31 % 79,400 4.50 % 123,500 7.00 % N/A N/A Waterstone Bank 336,815 19.06 % 79,520 4.50 % 123,700 7.00 % 114,863 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 375,980 17.39 % 86,480 4.00 % N/A N/A N/A N/A Waterstone Bank 336,815 15.58 % 86,470 4.00 % N/A N/A 108,092 5.00 % State of Wisconsin (to total assets) Waterstone Bank 336,815 15.13 % 133,570 6.00 % N/A N/A N/A N/A December 31, 2022 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 407,099 24.36 % $ 133,709 8.00 % $ 175,493 10.50 % N/A N/A Waterstone Bank 359,623 21.52 % 133,690 8.00 % 175,468 10.50 % 167,112 10.00 % Tier I capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 389,342 23.29 % 100,281 6.00 % 142,065 8.50 % N/A N/A Waterstone Bank 341,866 20.46 % 100,267 6.00 % 142,045 8.50 % 133,690 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 389,342 23.29 % 75,211 4.50 % 116,995 7.00 % N/A N/A Waterstone Bank 341,866 20.46 % 75,200 4.50 % 116,978 7.00 % 108,623 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 389,342 19.45 % 80,080 4.00 % N/A N/A N/A N/A Waterstone Bank 341,866 17.08 % 80,080 4.00 % N/A N/A 100,100 5.00 % State of Wisconsin (to total assets) Waterstone Bank 341,866 16.87 % 121,624 6.00 % N/A N/A N/A N/A

Note 8 - Commitments, Off-Balan

Note 8 - Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 8 Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated statements of financial condition. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. June 30, 2023 December 31, 2022 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 44,718 $ 61,223 Commitments to extend credit under home equity lines of credit (2) 10,136 9,550 Unused portion of construction loans (3) 61,250 48,530 Unused portion of business lines of credit 8,661 17,356 Standby letters of credit 713 1,516 ( 1 Commitments for loans are extended to customers for up to 90 days after which they expire. Excludes commitments to originate loans held for sale, which are discussed in the following footnote. ( 2 Unused portions of home equity loans are available to the borrower for up to 10 years. ( 3 Unused portions of construction loans are available to the borrower for up to one Commitments to extend credit are agreements to lend to a customer as long as there is no may Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third The Company has determined that there are no probable losses related to commitments to extend credit or the standby letters of credit as of June 30, 2023 December 31, 2022 3 Residential mortgage loans sold to others are predominantly conventional residential first first June 30, 2023 December 31, 2022 In the normal course of business, the Company, or its subsidiaries, are involved in various legal proceedings. In the opinion of management, any liability resulting from pending proceedings would not

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 9 Derivative Financial Instruments Mortgage Banking Derivatives In connection with its mortgage banking activities, the Company enters into derivative financial instruments as part of its strategy to manage its exposure to changes in interest rates. Mortgage banking derivatives include interest rate lock commitments provided to customers to fund mortgage loans to be sold in the secondary market and forward commitments for the future delivery of such loans. It is the Company’s practice to enter into forward commitments for the future delivery of residential mortgage loans when interest rate lock commitments are entered into in order to economically hedge the effect of future changes in interest rates on its commitments to fund the loans as well as on its portfolio of mortgage loans held-for-sale. The Company’s mortgage banking derivatives have not not 815. not not Derivative Loan Commitments Mortgage loan commitments qualify as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. The Company enters into commitments to fund residential mortgage loans at specified times in the future, with the intention that these loans will subsequently be sold in the secondary market. A mortgage loan commitment binds the Company to lend funds to a potential borrower at a specified interest rate and within a specified period of time, generally up to 60 Outstanding derivative loan commitments expose the Company to the risk that the price of the loans arising from exercise of the loan commitment might decline from inception of a rate lock to funding of the loan due to increases in mortgage interest rates. If interest rates increase, the value of these loan commitments decreases. Conversely, if interest rates decrease, the value of these loan commitments increases. Forward Loan Sale Commitments The Company utilizes both “mandatory delivery” and “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. With a “mandatory delivery” contract, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price on or before a specified date. If the Company fails to deliver the number of mortgages necessary to fulfill the commitment by the specified date, it is obligated to pay a “pair-off” fee, based on then-current market prices, to the investor to compensate the investor for the shortfall. With a “best efforts” contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor if the loan to the underlying borrower closes. Generally, the price the investor will pay the seller for an individual loan is specified prior to the loan being funded (e.g., on the same day the lender commits to lend funds to a potential borrower). The Company expects that these forward loan sale commitments will experience changes in fair value opposite to the change in fair value of derivative loan commitments. Interest Rate Swaps The Company may third not The following tables presents the outstanding notional balances and fair values of outstanding derivative instruments: June 30, 2023 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In Millions) Forward commitments $ 379.3 Other assets $ 2.7 Other liabilities $ 1.0 Interest rate locks 236.5 Other assets 0.8 Other liabilities - Interest rate swaps 89.4 Other assets 14.0 Other liabilities 14.0 December 31, 2022 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In Millions) Forward commitments $ 296.0 Other assets $ 1.9 Other liabilities $ 3.6 Interest rate locks 203.1 Other assets 0.7 Other liabilities - Interest rate swaps 90.5 Other assets 14.2 Other liabilities 14.2 In determining the fair value of its derivative loan commitments, the Company considers the value that would be generated by the loan arising from exercise of the loan commitment when sold in the secondary mortgage market. That value includes the price that the loan is expected to be sold for in the secondary mortgage market. The fair value of these commitments is recorded on the consolidated statements of financial condition with the changes in fair value recorded as a component of mortgage banking income. The significant unobservable input used in the fair value measurement of the Company's mortgage banking derivatives, including interest rate lock commitments, is the loan pull through rate. This represents the percentage of loans currently in a lock position which the Company estimates will ultimately close. Generally, the fair value of an interest rate lock commitment will be positively (negatively) impacted when the prevailing interest rate is lower (higher) than the interest rate lock commitment. Generally, an increase in the pull through rate will result in the fair value of the interest rate lock increasing when in a gain position, or decreasing when in a loss position. The pull through rate is largely dependent on the loan processing stage that a loan is currently in and the change in prevailing interest rates from the time of the rate lock. The pull through rate is computed using historical data and the ratio is periodically reviewed by the Company. Interest Rate Swaps The back-to-back swaps mature in December 2029 June 2037. not June 30, 2023 December 31, 2022 no No June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 10 Earnings Per Share Earnings per share are computed using the two There were 194,000 and 186,000 antidilutive shares of common stock for the three June 30, 2023 2022 six June 30, 2023 2022 Presented below are the calculations for basic and diluted earnings per share: Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In Thousands, except per share amounts) Net income $ 4,007 $ 7,990 $ 6,162 $ 13,282 Weighted average shares outstanding 20,384 22,126 20,635 22,626 Effect of dilutive potential common shares 47 103 67 142 Diluted weighted average shares outstanding $ 20,431 $ 22,229 $ 20,702 $ 22,768 Basic earnings per share $ 0.20 $ 0.36 $ 0.30 $ 0.59 Diluted earnings per share $ 0.20 $ 0.36 $ 0.30 $ 0.58

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 11 Fair Value Measurements ASC Topic 820, not not 1 2 3 The fair value hierarchy prioritizes inputs used to measure fair value into three Level 1 1 Level 2 2 1 2 Level 3 3 In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following table presents information about our assets recorded in the consolidated statements of financial condition at their fair value on a recurring basis as of June 30, 2023 December 31, 2022 Fair Value Measurements Using June 30, 2023 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 11,812 $ - $ 11,812 $ - Collateralized mortgage obligations Government sponsored enterprise issued 127,010 - 127,010 - Private-label issued 7,689 - 7,689 - Government sponsored enterprise bonds 2,279 - 2,279 - Municipal securities 35,048 - 35,048 - Other debt securities 11,085 - 11,085 - Other securities 88 - 88 - Loans held for sale 203,268 - 203,268 - Mortgage banking derivative assets 3,513 - - 3,513 Interest rate swap assets 13,997 - 13,997 - Liabilities Mortgage banking derivative liabilities 1,009 - - 1,009 Interest rate swap liabilities 13,997 - 13,997 - Fair Value Measurements Using December 31, 2022 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 13,314 $ - $ 13,314 $ - Collateralized mortgage obligations Government sponsored enterprise issued 124,765 - 124,765 - Private-label issued 8,106 - 8,106 - Government sponsored enterprise bonds 2,256 - 2,256 - Municipal securities 36,934 - 36,934 - Other debt securities 11,162 - 11,162 - Other securities 51 - 51 - Loans held for sale 131,188 - 131,188 - Mortgage banking derivative assets 2,619 - - 2,619 Interest rate swap assets 14,226 - 14,226 - Liabilities Mortgage banking derivative liabilities 3,613 - - 3,613 Interest rate swap liabilities 14,226 - 14,226 - The following summarizes the valuation techniques for assets recorded in the consolidated statements of financial condition at their fair value on a recurring basis: Available-for-sale securities – The Company’s investment securities classified as available for sale include: mortgage-backed securities, collateralized mortgage obligations, government sponsored enterprise bonds, municipal securities and other debt securities. The fair value of mortgage-backed securities, collateralized mortgage obligations and government sponsored enterprise bonds are determined by a third 2 third 2 Loans held for sale – The Company carries loans held for sale at fair value under the fair value option model. Fair value is generally determined by estimating a gross premium or discount, which is derived from pricing currently observable in the secondary market, principally from observable prices for forward sale commitments. Loans held-for-sale are considered to be Level 2 Mortgage banking derivatives - Mortgage banking derivatives include interest rate lock commitments to originate residential loans held for sale to individual customers and forward commitments to sell residential mortgage loans to various investors. The Company utilizes a valuation model to estimate the fair value of its interest rate lock commitments to originate residential mortgage loans held for sale, which includes applying a pull through rate based upon historical experience and the current interest rate environment and then multiplying by quoted investor prices. The Company also utilizes a valuation model to estimate the fair value of its forward commitments to sell residential loans, which includes matching specific terms and maturities of the forward commitments against applicable investor pricing available. While there are Level 2 3 one 3 Interest rate swap assets/liabilities - The Company offers loan level swaps to its customers and offsets its exposure from such contracts by entering into mirror image swaps with a financial institution / swap counterparty. The fair values of derivatives are based on valuation models using observable market data as of the measurement date. Our derivatives are traded in an over-the-counter market where quoted market prices are not third 2 The table below presents reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3 2023 2022 Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In Thousands) (In Thousands) Mortgage derivative, net balance at the beginning of the period $ 79 $ 5,573 $ (994 ) $ 4,369 Mortgage derivative gain (loss), net 2,425 (5,716 ) 3,498 (4,512 ) Mortgage derivative, net balance at the end of the period $ 2,504 $ (143 ) $ 2,504 $ (143 ) There were no transfers in or out of Level 1, 2 3 Assets Recorded at Fair Value on a Non-recurring Basis The following tables present information about assets recorded in the consolidated statements of financial condition at their fair value on a non-recurring basis as of June 30, 2023 December 31, 2022 Fair Value Measurements Using June 30, 2023 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 145 $ - $ - $ 145 Fair Value Measurements Using December 31, 2022 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 145 $ - $ - $ 145 Real estate owned – On a non-recurring basis, real estate owned is recorded in the consolidated statements of financial condition at the lower of cost or fair value. Fair value is determined based on third 3 Mortgage servicing rights – The Company utilizes an independent valuation from a third 3 For Level 3 June 30, 2023 December 31, 2022 Significant Unobservable Input Value Fair Value at Significant June 30, Valuation Unobservable Minimum Maximum Weighted 2023 Technique Inputs Value Value Average (Dollars in Thousands) Mortgage banking derivatives $ 2,504 Pricing models Pull through rate 4.9 % 99.7 % 89.5 % Real estate owned 145 Market approach Discount rates applied to appraisals 34.8 % 34.8 % 34.8 % December 31, 2022 Mortgage banking derivatives $ (994 ) Pricing models Pull through rate 20.6 % 100.0 % 89.2 % Real estate owned 145 Market approach Discount rates applied to appraisals 34.8 % 34.8 % 34.8 % A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Fair value information about financial instruments follows, whether or not not not not The carrying amounts and fair values of the Company’s financial instruments consist of the following: June 30, 2023 December 31, 2022 Carrying Fair Value Carrying Fair Value amount Total Level 1 Level 2 Level 3 amount Total Level 1 Level 2 Level 3 (In Thousands) Financial Assets Cash and cash equivalents $ 61,190 $ 61,190 $ 61,190 $ - $ - $ 46,642 $ 46,642 $ 46,642 $ - $ - Loans receivable 1,614,684 1,442,985 - - 1,442,985 1,510,178 1,403,429 - - 1,403,429 FHLB stock 26,798 26,798 26,798 - - 17,357 17,357 17,357 - - Accrued interest receivable 6,646 6,646 6,646 - - 5,725 5,725 5,725 - - Mortgage servicing rights 1,314 1,654 - - 1,654 3,444 5,001 - - 5,001 - Financial Liabilities Deposits 1,186,968 1,184,870 477,860 707,010 - 1,199,012 1,194,559 556,741 637,818 - Advance payments by borrowers for taxes 20,610 20,610 20,610 - - 5,334 5,334 5,334 - - Borrowings 614,877 605,103 - 605,103 - 386,784 377,275 - 377,275 - Accrued interest payable 2,413 2,413 2,413 - - 1,358 1,358 1,358 - - The following methods and assumptions were used by the Company in determining its fair value disclosures for financial instruments. Cash and Cash Equivalents The carrying amount reported in the consolidated statements of financial condition for cash and cash equivalents is a reasonable estimate of fair value. Loans Receivable The fair value estimation process for the loan portfolio uses an exit price concept and reflects discounts the Company believes are consistent with discounts in the marketplace. Fair values are estimated for portfolios of loans with similar characteristics. Loans are segregated by type such as one four FHLB Stock For FHLB stock, the carrying amount is the amount at which shares can be redeemed with the FHLB and is a reasonable estimate of fair value. Deposits and Advance Payments by Borrowers for Taxes The fair values for interest-bearing and noninterest-bearing negotiable order of withdrawal accounts, savings accounts, and money market accounts are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates of similar remaining maturities to a schedule of aggregated expected monthly maturities of the outstanding certificates of deposit. The advance payments by borrowers for taxes are equal to their carrying amounts at the reporting date. Borrowings Fair values for borrowings are estimated using a discounted cash flow calculation that applies current interest rates to estimated future cash flows of the borrowings. Accrued Interest Payable and Accrued Interest Receivable For accrued interest payable and accrued interest receivable, the carrying amount is a reasonable estimate of fair value. Commitments to Extend Credit and Standby Letters of Credit Commitments to extend credit and standby letters of credit are generally not not June 30, 2023 December 31, 2022

Note 12 - Segment Reporting

Note 12 - Segment Reporting	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 12 Segment Reporting Selected financial and descriptive information is required to be provided about reportable operating segments, considering a "management approach" concept as the basis for identifying reportable segments. The management approach is based on the way that management organizes the segments within the enterprise for making operating decisions, allocating resources, and assessing performance. Consequently, the segments are evident from the structure of the enterprise's internal organization, focusing on financial information that an enterprise's chief operating decision-makers use to make decisions about the enterprise's operating matters. The Company has determined that it has two reportable segments: community banking and mortgage banking. The Company's operating segments are presented based on its management structure and management accounting practices. The structure and practices are specific to the Company and therefore, the financial results of the Company's business segments are not Community Banking The community banking segment provides consumer and business banking products and services to customers primarily within Southeastern Wisconsin. Within this segment, the following products and services are provided: ( 1 2 3 4 Consumer products include loan and deposit products: mortgage, home equity loans and lines, personal term loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Consumer products also include personal investment services. Business banking products include secured and unsecured lines and term loans for working capital, inventory and general corporate use, commercial real estate construction loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Mortgage Banking The mortgage banking segment provides residential mortgage loans for the primary purpose of sale on the secondary market. Mortgage banking products and services are provided by offices in 29 Presented below is the segment information: As of or for the three months ended June 30, 2023 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 13,238 $ (622 ) $ 59 $ 12,675 Provision for credit losses 158 28 - 186 Net interest income (expense) after provision for credit losses 13,080 (650 ) 59 12,489 Noninterest income: 1,540 23,041 (1,056 ) 23,525 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,683 17,929 (217 ) 22,395 Occupancy, office furniture and equipment 873 1,173 - 2,046 Advertising 230 714 - 944 Data processing 602 480 8 1,090 Communications 72 153 - 225 Professional fees 146 466 6 618 Real estate owned 1 - - 1 Loan processing expense - 932 - 932 Other 1,641 1,914 (884 ) 2,671 Total noninterest expenses 8,248 23,761 (1,087 ) 30,922 Income (loss) before income taxes (benefit) 6,372 (1,370 ) 90 5,092 Income tax expense (benefit) 1,182 (126 ) 29 1,085 Net income (loss) $ 5,190 $ (1,244 ) $ 61 $ 4,007 Total Assets $ 2,169,989 $ 251,595 $ (191,759 ) $ 2,229,825 As of or for the three months ended June 30, 2022 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 13,710 $ 370 $ 1 $ 14,081 Provision (credit) for loan losses (41 ) 89 - 48 Net interest income (expense) after provision (credit) for loan losses 13,751 281 1 14,033 Noninterest income: 1,640 30,126 (528 ) 31,238 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,596 21,311 (114 ) 25,793 Occupancy, office furniture and equipment 876 1,180 - 2,056 Advertising 244 718 - 962 Data processing 531 613 - 1,144 Communications 63 195 - 258 Professional fees 118 222 9 349 Real estate owned - - - - Loan processing expense - 1,134 - 1,134 Other 1,006 2,733 (385 ) 3,354 Total noninterest expenses 7,434 28,106 (490 ) 35,050 Income (loss) before income taxes 7,957 2,301 (37 ) 10,221 Income tax expense (benefit) 1,658 578 (5 ) 2,231 Net income (loss) $ 6,299 $ 1,723 $ (32 ) $ 7,990 Total Assets $ 1,896,227 $ 269,584 $ (224,714 ) $ 1,941,097 As of or for the six months ended June 30, 2023 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income $ 27,246 $ (904 ) $ 128 $ 26,470 Provision for credit losses 546 100 - 646 Net interest income after provision for credit losses 26,700 (1,004 ) 128 25,824 Noninterest income: 2,527 40,992 (1,440 ) 42,079 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 9,851 33,028 (432 ) 42,447 Occupancy, office furniture and equipment 1,904 2,405 - 4,309 Advertising 414 1,419 - 1,833 Data processing 1,203 996 13 2,212 Communications 150 326 - 476 Professional fees 364 654 16 1,034 Real estate owned 2 - - 2 Loan processing expense - 1,950 - 1,950 Other 2,537 4,317 (1,088 ) 5,766 Total noninterest expenses 16,425 45,095 (1,491 ) 60,029 Income (loss) before income taxes (benefit) 12,802 (5,107 ) 179 7,874 Income tax expense (benefit) 2,782 (1,128 ) 58 1,712 Net income (loss) $ 10,020 $ (3,979 ) $ 121 $ 6,162 As of or for the six months ended June 30, 2022 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 25,362 $ 553 $ 30 $ 25,945 Provision (credit) for loan losses (181 ) 153 - (28 ) Net interest income (expense) after provision (credit) for loan losses 25,543 400 30 25,973 Noninterest income: 3,072 58,730 (746 ) 61,056 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 9,808 41,749 (229 ) 51,328 Occupancy, office furniture and equipment 1,813 2,431 - 4,244 Advertising 471 1,396 - 1,867 Data processing 1,139 1,201 6 2,346 Communications 157 441 - 598 Professional fees 232 560 18 810 Real estate owned 5 - - 5 Loan processing expense - 2,565 - 2,565 Other 1,606 5,042 (427 ) 6,221 Total noninterest expenses 15,231 55,385 (632 ) 69,984 Income (loss) before income taxes 13,384 3,745 (84 ) 17,045 Income tax expense (benefit) 2,825 955 (17 ) 3,763 Net income (loss) $ 10,559 $ 2,790 $ (67 ) $ 13,282

Item 5. Other Information

Item 5. Other Information	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Issuer Rule 10b5-1, Material Terms [Text Block]	5. Other Information During the three June 30, 2023, 10b5 1 10b5 1

Note 2 - Securities Available_2

Note 2 - Securities Available for Sale (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	June 30, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 13,442 $ 1 $ (1,631 ) $ 11,812 Collateralized mortgage obligations: Government sponsored enterprise issued 148,889 - (21,879 ) 127,010 Private-label issued 8,631 - (942 ) 7,689 Mortgage-related securities 170,962 1 (24,452 ) 146,511 Government sponsored enterprise bonds 2,500 - (221 ) 2,279 Municipal securities 35,774 418 (1,144 ) 35,048 Other debt securities 12,500 - (1,415 ) 11,085 Debt securities 50,774 418 (2,780 ) 48,412 Other securities 88 - - 88 Total $ 221,824 $ 419 $ (27,232 ) $ 195,011 December 31, 2022 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 15,134 $ 4 $ (1,824 ) $ 13,314 Collateralized mortgage obligations Government sponsored enterprise issued 145,740 - (20,975 ) 124,765 Private-label issued 9,041 - (935 ) 8,106 Mortgage related securities 169,915 4 (23,734 ) 146,185 Government sponsored enterprise bonds 2,500 - (244 ) 2,256 Municipal securities 37,699 428 (1,193 ) 36,934 Other debt securities 12,500 - (1,338 ) 11,162 Debt securities 52,699 428 (2,775 ) 50,352 Other securities 51 - - 51 Total $ 222,665 $ 432 $ (26,509 ) $ 196,588
Investments Classified by Contractual Maturity Date [Table Text Block]	Amortized Fair Cost Value (In Thousands) Debt and other securities Due within one year $ 5,107 $ 5,079 Due after one year through five years 13,883 13,723 Due after five years through ten years 19,137 17,810 Due after ten years 12,647 11,800 Mortgage-related securities 170,962 146,511 Other securities 88 88 Total $ 221,824 $ 195,011
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]	June 30, 2023 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized value loss value loss value loss (In Thousands) Mortgage-backed securities $ 849 $ 29 $ 10,855 $ 1,602 $ 11,704 $ 1,631 Collateralized mortgage obligations: Government sponsored enterprise issued 21,134 685 105,876 21,194 127,010 21,879 Private-label issued - - 6,644 942 6,644 942 Government sponsored enterprise bonds - - 2,279 221 2,279 221 Municipal securities 14,130 151 4,097 993 18,227 1,144 Other debt securities - - 11,085 1,415 11,085 1,415 Total $ 36,113 $ 865 $ 140,836 $ 26,367 $ 176,949 $ 27,232 December 31, 2022 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized value loss value loss value loss (In Thousands) Mortgage-backed securities $ 8,383 $ 655 $ 4,573 $ 1,169 $ 12,956 $ 1,824 Collateralized mortgage obligations: Government sponsored enterprise issued 65,270 6,400 59,495 14,575 124,765 20,975 Private-label issued 7,012 935 - - 7,012 935 Government sponsored enterprise bonds 2,256 244 - - 2,256 244 Municipal securities 18,648 192 4,095 1,001 22,743 1,193 Other debt securities 2,362 138 8,800 1,200 11,162 1,338 Total $ 103,931 $ 8,564 $ 76,963 $ 17,945 $ 180,894 $ 26,509

Note 3 - Loans Receivable (Tabl

Note 3 - Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, 2023 December 31, 2022 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 543,720 $ 469,567 Multi-family 702,859 677,981 Home equity 11,663 11,455 Construction and land 48,794 62,494 Commercial real estate 271,240 262,973 Consumer 814 774 Commercial loans 35,594 24,934 Total $ 1,614,684 $ 1,510,178
Financing Receivable, Past Due [Table Text Block]	As of June 30, 2023 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 3,820 $ - $ 4,075 $ 7,895 $ 535,825 $ 543,720 Multi-family - - - - 702,859 702,859 Home equity - - 38 38 11,625 11,663 Construction and land - - - - 48,794 48,794 Commercial real estate - 94 - 94 271,146 271,240 Consumer - - - - 814 814 Commercial loans - - 2 2 35,592 35,594 Total $ 3,820 $ 94 $ 4,115 $ 8,029 $ 1,606,655 $ 1,614,684 As of December 31, 2022 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 2,328 $ - $ 3,618 $ 5,946 $ 463,621 $ 469,567 Multi-family - - - - 677,981 677,981 Home equity 14 - 65 79 11,376 11,455 Construction and land - - - - 62,494 62,494 Commercial real estate - 233 - 233 262,740 262,973 Consumer - - - - 774 774 Commercial loans 3 - - 3 24,931 24,934 Total $ 2,345 $ 233 $ 3,683 $ 6,261 $ 1,503,917 $ 1,510,178
Financing Receivable, Allowance for Credit Loss [Table Text Block]	One- to Four-Family Multi-Family Home Equity Land and Construction Commercial Real Estate Consumer Commercial Total (In Thousands) Six months ended June 30, 2023 Balance at beginning of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757 Provision (credit) for credit losses - loans 1,776 (553 ) (9 ) (294 ) (600 ) 32 271 623 Charge-offs (29 ) - - - - (26 ) - (55 ) Recoveries 39 3 4 2 1 - - 49 Balance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Six months ended June 30, 2022 Balance at beginning of period $ 3,963 $ 5,398 $ 89 $ 1,386 $ 4,482 $ 33 $ 427 $ 15,778 Adoption of CECL 88 100 58 886 (640 ) 7 (69 ) $ 430 Provision (credit) for loan losses 600 1,167 6 (584 ) (694 ) 7 (162 ) $ 340 Charge-offs (65 ) - - - - (5 ) - $ (70 ) Recoveries 43 726 10 2 12 - - $ 793 Balance at end of period $ 4,629 $ 7,391 $ 163 $ 1,690 $ 3,160 $ 42 $ 196 $ 17,271 One to-Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Three months ended June 30, 2023 Balance at beginning of period $ 5,786 $ 7,848 $ 178 $ 858 $ 2,678 $ 52 $ 344 $ 17,744 Adoption of CECL - - - - - - - Provision (credit) for credit losses - loans 760 (426 ) (9 ) 201 (78 ) 6 194 648 Charge-offs (26 ) - - - - (5 ) - (31 ) Recoveries 9 3 - 1 - - - 13 Balance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Three months ended June 30, 2022 Balance at beginning of period $ 4,415 $ 6,562 $ 185 $ 1,831 $ 3,631 $ 41 $ 240 $ 16,905 Provision for loan losses 264 675 (27 ) (142 ) (472 ) 5 (44 ) 259 Charge-offs (65 ) - - - - (4 ) - (69 ) Recoveries 15 154 5 1 1 - - 176 Balance at end of period $ 4,629 $ 7,391 $ 163 $ 1,690 $ 3,160 $ 42 $ 196 $ 17,271
Schedule of Allowance for Credit Losses [Table Text Block]	Three months ended Six months ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 (In Thousands) Provision (credit) for credit losses on: Loans $ 648 $ 259 $ 623 $ 340 Unfunded commitments (462 ) (211 ) 23 (368 ) Investment securities - - - - Total $ 186 $ 48 $ 646 $ (28 )
Schedule of Collateral Dependent Loans [Table Text Block]	One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to collateral dependent loans $ - $ - $ - $ - $ - $ - $ - $ - Allowance related to pooled loans 6,529 7,425 169 1,060 2,600 53 538 18,374 Allowance at end of period $ 6,529 $ 7,425 $ 169 $ 1,060 $ 2,600 $ 53 $ 538 $ 18,374 Collateral dependent loans $ 2,057 $ - $ 38 $ - $ 5,748 $ - $ 2 $ 7,845 Pooled loans 541,663 702,859 11,625 48,794 265,492 814 35,592 1,606,839 Total gross loans $ 543,720 $ 702,859 $ 11,663 $ 48,794 $ 271,240 $ 814 $ 35,594 $ 1,614,684 One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to collateral dependent loans $ - $ - $ - $ - $ - $ - $ - $ - Allowance related to pooled loans 4,743 7,975 174 1,352 3,199 47 267 17,757 Allowance at end of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757 Collateral dependent loans $ 2,584 $ - $ 40 $ - $ 5,455 $ - $ - $ 8,079 Pooled loans 466,983 677,981 11,415 62,494 257,518 774 24,934 1,502,099 Total gross loans $ 469,567 $ 677,981 $ 11,455 $ 62,494 $ 262,973 $ 774 $ 24,934 $ 1,510,178
Financing Receivable Credit Quality Indicators [Table Text Block]	One to Four-Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At June 30, 2023 Substandard $ 4,107 $ - $ 38 $ - $ 5,748 $ - $ 1,559 $ 11,452 Watch 8,645 383 144 - 1,202 - - 10,374 Pass 530,968 702,476 11,481 48,794 264,290 814 34,035 1,592,858 $ 543,720 $ 702,859 $ 11,663 $ 48,794 $ 271,240 $ 814 $ 35,594 $ 1,614,684 At December 31, 2022 Substandard $ 4,209 $ - $ 98 $ - $ 5,454 $ - $ 61 $ 9,822 Watch 5,696 192 96 2,227 5,203 - 2,023 15,437 Pass 459,662 677,789 11,261 60,267 252,316 774 22,850 1,484,919 $ 469,567 $ 677,981 $ 11,455 $ 62,494 $ 262,973 $ 774 $ 24,934 $ 1,510,178 2023 2022 2021 2020 2019 Prior Revolving Total (In Thousands) One- to four-family Pass $ 164,348 $ 174,210 $ 49,429 $ 35,536 $ 20,639 $ 85,847 $ 959 $ 530,968 Watch 7,222 - - 602 - 821 - 8,645 Substandard 1,420 - - - - 2,687 - 4,107 Total 172,990 174,210 49,429 36,138 20,639 89,355 959 543,720 Multi-family Pass 54,136 243,893 146,330 134,132 41,036 81,490 1,459 $ 702,476 Watch - - - - - 383 - 383 Substandard - - - - - - - - Total 54,136 243,893 146,330 134,132 41,036 81,873 1,459 702,859 Home equity Pass 388 297 79 262 90 508 9,857 $ 11,481 Watch - - 88 - - - 56 144 Substandard - 20 18 - - - - 38 Total 388 317 185 262 90 508 9,913 11,663 Construction and land Pass 11,393 1,692 24,638 2,185 8,682 204 - $ 48,794 Watch - - - - - - - - Substandard - - - - - - - - Total 11,393 1,692 24,638 2,185 8,682 204 - 48,794 Commercial Real Estate Pass 38,623 79,398 52,549 37,283 20,491 34,706 1,240 $ 264,290 Watch - 1,060 - - 142 - - 1,202 Substandard 5,654 - - 94 - - - 5,748 Total 44,277 80,458 52,549 37,377 20,633 34,706 1,240 271,240 Consumer Pass - - - - - - 814 $ 814 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 814 814 Commercial Pass 15,289 1,918 1,067 2,928 130 6,547 6,156 $ 34,035 Watch - - - - - - - - Substandard - 90 - - 25 - 1,444 1,559 Total 15,289 2,008 1,067 2,928 155 6,547 7,600 35,594 Total Loans $ 298,473 $ 502,578 $ 274,198 $ 213,022 $ 91,235 $ 213,193 $ 21,985 $ 1,614,684 Gross charge-offs $ 29 $ - $ - $ - $ - $ - $ 26 $ 55 2022 2021 2020 2019 2018 Prior Revolving Total (In Thousands) One- to four-family Pass $ 246,437 $ 55,494 $ 37,438 $ 21,813 $ 20,580 $ 76,568 $ 1,332 $ 459,662 Watch 4,823 - - - - 873 - 5,696 Substandard 218 1,255 519 - - 2,217 - 4,209 Total 251,478 56,749 37,957 21,813 20,580 79,658 1,332 469,567 Multi-family Pass 255,100 144,731 139,386 44,221 22,689 70,905 757 677,789 Watch - - - - - 192 - 192 Substandard - - - - - - - - Total 255,100 144,731 139,386 44,221 22,689 71,097 757 677,981 Home equity Pass 290 81 865 104 174 82 9,665 11,261 Watch - 96 - - - - - 96 Substandard 22 18 - - - - 58 98 Total 312 195 865 104 174 82 9,723 11,455 Construction and land Pass 2,958 49,092 2,308 5,690 123 96 - 60,267 Watch - - - 2,227 - - - 2,227 Substandard - - - - - - - - Total 2,958 49,092 2,308 7,917 123 96 - 62,494 Commercial Real Estate Pass 87,971 53,788 39,015 24,795 21,467 24,595 685 252,316 Watch 1,616 - 95 2,226 1,266 - - 5,203 Substandard - - - - 5,454 - - 5,454 Total 89,587 53,788 39,110 27,021 28,187 24,595 685 262,973 Consumer Pass 19 - - - - - 755 774 Watch - - - - - - - - Substandard - - - - - - - - Total 19 - - - - - 755 774 Commercial Pass 9,385 1,228 1,256 240 936 5,622 4,183 22,850 Watch - - 1,928 - - 92 3 2,023 Substandard 61 - - - - - - 61 Total 9,446 1,228 3,184 240 936 5,714 4,186 24,934 Total Loans $ 608,900 $ 305,783 $ 222,810 $ 101,316 $ 72,689 $ 181,242 $ 17,438 $ 1,510,178
Financing Receivable, Modified [Table Text Block]	As of June 30, 2023 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 332 1 $ 332 1 $ - - $ 332 1 $ 332 1 As of December 31, 2022 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 936 4 $ 936 4 $ - - $ 936 4 $ 936 4 As of June 30, 2023 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 332 1 $ - - $ 332 1 $ 332 1 $ - - $ 332 1 As of December 31, 2022 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 399 2 $ - - $ 399 2 Interest reduction 18 1 - - 18 1 Principal forbearance 519 1 - - 519 1 $ 936 4 $ - - $ 936 4
Financing Receivable, Nonaccrual [Table Text Block]	June 30, 2023 December 31, 2022 (Dollars in Thousands) Non-accrual loans: Residential One- to four-family $ 4,107 $ 4,209 Multi-family - - Home equity 38 98 Construction and land - - Commercial real estate - - Commercial 2 - Consumer - - Total non-accrual loans $ 4,147 $ 4,307 Total non-accrual loans to total loans receivable 0.26 % 0.29 % Total non-accrual loans to total assets 0.19 % 0.21 %

Note 4 - Mortgage Servicing R_2

Note 4 - Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Servicing Asset at Amortized Cost [Table Text Block]	Six months ended June 30, 2023 2022 (In Thousands) Mortgage servicing rights at beginning of the period $ 3,445 $ 1,555 Additions 759 1,521 Amortization (123 ) (248 ) Sales (2,767 ) - Mortgage servicing rights at end of the period 1,314 2,828 Valuation allowance recovered during the period - 7 Mortgage servicing rights at end of the period, net $ 1,314 $ 2,835
Future Amortization Expenses for Mortgage Servicing Rights [Table Text Block]	(In Thousands) Estimate for the annual period ending December 31: 2023 $ 111 2024 219 2025 179 2026 165 2027 146 Thereafter 494 Total $ 1,314

Note 5 - Deposits (Tables)

Note 5 - Deposits (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Time Deposit Maturities [Table Text Block]	(In Thousands) Within one year $ 603,931 More than one to two years 101,241 More than two to three years 2,533 More than three to four years 750 More than four through five years 653 $ 709,108

Note 6 - Borrowings (Tables)

Note 6 - Borrowings (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	June 30, 2023 December 31, 2022 Weighted Weighted Average Average Balance Rate Balance Rate (Dollars in Thousands) Short term: Repurchase agreements $ 19,377 8.45 % $ 1,084 7.21 % Federal Home Loan Bank, Chicago advances 400,500 5.18 % 185,700 4.26 % Long term: Federal Home Loan Bank, Chicago advances maturing: 2025 125,000 3.83 % 125,000 3.83 % 2027 50,000 1.73 % 50,000 1.73 % 2032 - 0.00 % 25,000 2.35 % 2033 20,000 2.38 % - 0.00 % $ 614,877 4.64 % $ 386,784 3.68 %

Note 7 - Regulatory Capital (Ta

Note 7 - Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	June 30, 2023 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 395,715 22.43 % $ 141,140 8.00 % $ 185,240 10.50 % N/A N/A Waterstone Bank 356,550 20.18 % 141,350 8.00 % 185,520 10.50 % 176,685 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 375,980 21.31 % 105,860 6.00 % 149,970 8.50 % N/A N/A Waterstone Bank 336,815 19.06 % 106,030 6.00 % 150,210 8.50 % 141,370 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 375,980 21.31 % 79,400 4.50 % 123,500 7.00 % N/A N/A Waterstone Bank 336,815 19.06 % 79,520 4.50 % 123,700 7.00 % 114,863 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 375,980 17.39 % 86,480 4.00 % N/A N/A N/A N/A Waterstone Bank 336,815 15.58 % 86,470 4.00 % N/A N/A 108,092 5.00 % State of Wisconsin (to total assets) Waterstone Bank 336,815 15.13 % 133,570 6.00 % N/A N/A N/A N/A December 31, 2022 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well-Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 407,099 24.36 % $ 133,709 8.00 % $ 175,493 10.50 % N/A N/A Waterstone Bank 359,623 21.52 % 133,690 8.00 % 175,468 10.50 % 167,112 10.00 % Tier I capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 389,342 23.29 % 100,281 6.00 % 142,065 8.50 % N/A N/A Waterstone Bank 341,866 20.46 % 100,267 6.00 % 142,045 8.50 % 133,690 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 389,342 23.29 % 75,211 4.50 % 116,995 7.00 % N/A N/A Waterstone Bank 341,866 20.46 % 75,200 4.50 % 116,978 7.00 % 108,623 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 389,342 19.45 % 80,080 4.00 % N/A N/A N/A N/A Waterstone Bank 341,866 17.08 % 80,080 4.00 % N/A N/A 100,100 5.00 % State of Wisconsin (to total assets) Waterstone Bank 341,866 16.87 % 121,624 6.00 % N/A N/A N/A N/A

Note 8 - Commitments, Off-Bal_2

Note 8 - Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	June 30, 2023 December 31, 2022 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 44,718 $ 61,223 Commitments to extend credit under home equity lines of credit (2) 10,136 9,550 Unused portion of construction loans (3) 61,250 48,530 Unused portion of business lines of credit 8,661 17,356 Standby letters of credit 713 1,516

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Derivatives Not Designated as Hedging Instruments [Table Text Block]	June 30, 2023 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In Millions) Forward commitments $ 379.3 Other assets $ 2.7 Other liabilities $ 1.0 Interest rate locks 236.5 Other assets 0.8 Other liabilities - Interest rate swaps 89.4 Other assets 14.0 Other liabilities 14.0 December 31, 2022 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (In Millions) Forward commitments $ 296.0 Other assets $ 1.9 Other liabilities $ 3.6 Interest rate locks 203.1 Other assets 0.7 Other liabilities - Interest rate swaps 90.5 Other assets 14.2 Other liabilities 14.2

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In Thousands, except per share amounts) Net income $ 4,007 $ 7,990 $ 6,162 $ 13,282 Weighted average shares outstanding 20,384 22,126 20,635 22,626 Effect of dilutive potential common shares 47 103 67 142 Diluted weighted average shares outstanding $ 20,431 $ 22,229 $ 20,702 $ 22,768 Basic earnings per share $ 0.20 $ 0.36 $ 0.30 $ 0.59 Diluted earnings per share $ 0.20 $ 0.36 $ 0.30 $ 0.58

Note 11 - Fair Value Measurem_2

Note 11 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using June 30, 2023 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 11,812 $ - $ 11,812 $ - Collateralized mortgage obligations Government sponsored enterprise issued 127,010 - 127,010 - Private-label issued 7,689 - 7,689 - Government sponsored enterprise bonds 2,279 - 2,279 - Municipal securities 35,048 - 35,048 - Other debt securities 11,085 - 11,085 - Other securities 88 - 88 - Loans held for sale 203,268 - 203,268 - Mortgage banking derivative assets 3,513 - - 3,513 Interest rate swap assets 13,997 - 13,997 - Liabilities Mortgage banking derivative liabilities 1,009 - - 1,009 Interest rate swap liabilities 13,997 - 13,997 - Fair Value Measurements Using December 31, 2022 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 13,314 $ - $ 13,314 $ - Collateralized mortgage obligations Government sponsored enterprise issued 124,765 - 124,765 - Private-label issued 8,106 - 8,106 - Government sponsored enterprise bonds 2,256 - 2,256 - Municipal securities 36,934 - 36,934 - Other debt securities 11,162 - 11,162 - Other securities 51 - 51 - Loans held for sale 131,188 - 131,188 - Mortgage banking derivative assets 2,619 - - 2,619 Interest rate swap assets 14,226 - 14,226 - Liabilities Mortgage banking derivative liabilities 3,613 - - 3,613 Interest rate swap liabilities 14,226 - 14,226 -
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 (In Thousands) (In Thousands) Mortgage derivative, net balance at the beginning of the period $ 79 $ 5,573 $ (994 ) $ 4,369 Mortgage derivative gain (loss), net 2,425 (5,716 ) 3,498 (4,512 ) Mortgage derivative, net balance at the end of the period $ 2,504 $ (143 ) $ 2,504 $ (143 )
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using June 30, 2023 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 145 $ - $ - $ 145 Fair Value Measurements Using December 31, 2022 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 145 $ - $ - $ 145
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Significant Unobservable Input Value Fair Value at Significant June 30, Valuation Unobservable Minimum Maximum Weighted 2023 Technique Inputs Value Value Average (Dollars in Thousands) Mortgage banking derivatives $ 2,504 Pricing models Pull through rate 4.9 % 99.7 % 89.5 % Real estate owned 145 Market approach Discount rates applied to appraisals 34.8 % 34.8 % 34.8 % December 31, 2022 Mortgage banking derivatives $ (994 ) Pricing models Pull through rate 20.6 % 100.0 % 89.2 % Real estate owned 145 Market approach Discount rates applied to appraisals 34.8 % 34.8 % 34.8 %
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2023 December 31, 2022 Carrying Fair Value Carrying Fair Value amount Total Level 1 Level 2 Level 3 amount Total Level 1 Level 2 Level 3 (In Thousands) Financial Assets Cash and cash equivalents $ 61,190 $ 61,190 $ 61,190 $ - $ - $ 46,642 $ 46,642 $ 46,642 $ - $ - Loans receivable 1,614,684 1,442,985 - - 1,442,985 1,510,178 1,403,429 - - 1,403,429 FHLB stock 26,798 26,798 26,798 - - 17,357 17,357 17,357 - - Accrued interest receivable 6,646 6,646 6,646 - - 5,725 5,725 5,725 - - Mortgage servicing rights 1,314 1,654 - - 1,654 3,444 5,001 - - 5,001 - Financial Liabilities Deposits 1,186,968 1,184,870 477,860 707,010 - 1,199,012 1,194,559 556,741 637,818 - Advance payments by borrowers for taxes 20,610 20,610 20,610 - - 5,334 5,334 5,334 - - Borrowings 614,877 605,103 - 605,103 - 386,784 377,275 - 377,275 - Accrued interest payable 2,413 2,413 2,413 - - 1,358 1,358 1,358 - -

Note 12 - Segment Reporting (Ta

Note 12 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	As of or for the three months ended June 30, 2023 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 13,238 $ (622 ) $ 59 $ 12,675 Provision for credit losses 158 28 - 186 Net interest income (expense) after provision for credit losses 13,080 (650 ) 59 12,489 Noninterest income: 1,540 23,041 (1,056 ) 23,525 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,683 17,929 (217 ) 22,395 Occupancy, office furniture and equipment 873 1,173 - 2,046 Advertising 230 714 - 944 Data processing 602 480 8 1,090 Communications 72 153 - 225 Professional fees 146 466 6 618 Real estate owned 1 - - 1 Loan processing expense - 932 - 932 Other 1,641 1,914 (884 ) 2,671 Total noninterest expenses 8,248 23,761 (1,087 ) 30,922 Income (loss) before income taxes (benefit) 6,372 (1,370 ) 90 5,092 Income tax expense (benefit) 1,182 (126 ) 29 1,085 Net income (loss) $ 5,190 $ (1,244 ) $ 61 $ 4,007 Total Assets $ 2,169,989 $ 251,595 $ (191,759 ) $ 2,229,825 As of or for the three months ended June 30, 2022 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 13,710 $ 370 $ 1 $ 14,081 Provision (credit) for loan losses (41 ) 89 - 48 Net interest income (expense) after provision (credit) for loan losses 13,751 281 1 14,033 Noninterest income: 1,640 30,126 (528 ) 31,238 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,596 21,311 (114 ) 25,793 Occupancy, office furniture and equipment 876 1,180 - 2,056 Advertising 244 718 - 962 Data processing 531 613 - 1,144 Communications 63 195 - 258 Professional fees 118 222 9 349 Real estate owned - - - - Loan processing expense - 1,134 - 1,134 Other 1,006 2,733 (385 ) 3,354 Total noninterest expenses 7,434 28,106 (490 ) 35,050 Income (loss) before income taxes 7,957 2,301 (37 ) 10,221 Income tax expense (benefit) 1,658 578 (5 ) 2,231 Net income (loss) $ 6,299 $ 1,723 $ (32 ) $ 7,990 Total Assets $ 1,896,227 $ 269,584 $ (224,714 ) $ 1,941,097 As of or for the six months ended June 30, 2023 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income $ 27,246 $ (904 ) $ 128 $ 26,470 Provision for credit losses 546 100 - 646 Net interest income after provision for credit losses 26,700 (1,004 ) 128 25,824 Noninterest income: 2,527 40,992 (1,440 ) 42,079 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 9,851 33,028 (432 ) 42,447 Occupancy, office furniture and equipment 1,904 2,405 - 4,309 Advertising 414 1,419 - 1,833 Data processing 1,203 996 13 2,212 Communications 150 326 - 476 Professional fees 364 654 16 1,034 Real estate owned 2 - - 2 Loan processing expense - 1,950 - 1,950 Other 2,537 4,317 (1,088 ) 5,766 Total noninterest expenses 16,425 45,095 (1,491 ) 60,029 Income (loss) before income taxes (benefit) 12,802 (5,107 ) 179 7,874 Income tax expense (benefit) 2,782 (1,128 ) 58 1,712 Net income (loss) $ 10,020 $ (3,979 ) $ 121 $ 6,162 As of or for the six months ended June 30, 2022 Holding Community Mortgage Company and Banking Banking Other Consolidated (In Thousands) Net interest income (expense) $ 25,362 $ 553 $ 30 $ 25,945 Provision (credit) for loan losses (181 ) 153 - (28 ) Net interest income (expense) after provision (credit) for loan losses 25,543 400 30 25,973 Noninterest income: 3,072 58,730 (746 ) 61,056 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 9,808 41,749 (229 ) 51,328 Occupancy, office furniture and equipment 1,813 2,431 - 4,244 Advertising 471 1,396 - 1,867 Data processing 1,139 1,201 6 2,346 Communications 157 441 - 598 Professional fees 232 560 18 810 Real estate owned 5 - - 5 Loan processing expense - 2,565 - 2,565 Other 1,606 5,042 (427 ) 6,221 Total noninterest expenses 15,231 55,385 (632 ) 69,984 Income (loss) before income taxes 13,384 3,745 (84 ) 17,045 Income tax expense (benefit) 2,825 955 (17 ) 3,763 Net income (loss) $ 10,559 $ 2,790 $ (67 ) $ 13,282

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	6 Months Ended
	Jun. 30, 2023
Number of Offices	14

Note 2 - Securities Available_3

Note 2 - Securities Available for Sale (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Securities, Unrealized Loss Position, Number of Positions	175		175
Debt Securities, Available-for-Sale, Allowance for Credit Loss	$ 0		$ 0		$ 0
Proceeds from Sale of Debt Securities, Available-for-Sale	0	$ 0	0	$ 0
Mortgage-related Securities [Member] | Asset Pledged as Collateral [Member]
Debt Securities, Available-for-Sale, Restricted	$ 216,000		$ 216,000		$ 259,000

Note 2 - Securities Available_4

Note 2 - Securities Available for Sale - Amortized Cost and Fair Values of Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Securities available for sale, cost	$ 221,824	$ 222,665
Gross unrealized gains	419	432
Gross unrealized losses	(27,232)	(26,509)
Fair value	195,011	196,588
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, cost	13,442	15,134
Gross unrealized gains	1	4
Gross unrealized losses	(1,631)	(1,824)
Fair value	11,812	13,314
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, cost	148,889	145,740
Gross unrealized gains	0	0
Gross unrealized losses	(21,879)	(20,975)
Fair value	127,010	124,765
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Securities available for sale, cost	8,631	9,041
Gross unrealized gains	0	0
Gross unrealized losses	(942)	(935)
Fair value	7,689	8,106
Mortgage-related Securities [Member]
Securities available for sale, cost	170,962	169,915
Gross unrealized gains	1	4
Gross unrealized losses	(24,452)	(23,734)
Fair value	146,511	146,185
US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, cost	2,500	2,500
Gross unrealized gains	0	0
Gross unrealized losses	(221)	(244)
Fair value	2,279	2,256
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, cost	35,774	37,699
Gross unrealized gains	418	428
Gross unrealized losses	(1,144)	(1,193)
Fair value	35,048	36,934
Other Debt Obligations [Member]
Securities available for sale, cost	12,500	12,500
Gross unrealized gains	0	0
Gross unrealized losses	(1,415)	(1,338)
Fair value	11,085	11,162
Debt Securities [Member]
Securities available for sale, cost	50,774	52,699
Debt [Member]
Gross unrealized gains	418	428
Gross unrealized losses	(2,780)	(2,775)
Fair value	48,412	50,352
Other Securities [Member]
Securities available for sale, cost	88	51
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Fair value	$ 88	$ 51

Note 2 - Securities Available_5

Note 2 - Securities Available for Sale - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Due within one year, amortized cost	$ 5,107
Due within one year, fair value	5,079
Due after one year through five years, amortized cost	13,883
Due after one year through five years, fair value	13,723
Due after five years through ten years, amortized cost	19,137
Due after five years through ten years, fair value	17,810
Due after ten years, amortized cost	12,647
Due after ten years, fair value	11,800
Amortized cost	221,824	$ 222,665
Fair value	195,011	196,588
Mortgage-related Securities [Member]
Without single date securities	170,962
Without single date securities, fair value	146,511
Amortized cost	170,962	169,915
Fair value	146,511	146,185
Other Securities [Member]
Without single date securities	88
Without single date securities, fair value	88
Amortized cost	88	51
Fair value	$ 88	$ 51

Note 2 - Securities Available_6

Note 2 - Securities Available for Sale - Gross Unrealized Losses and Fair Value of Securities Available for Sale in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair value, less than 12 months	$ 36,113	$ 103,931
Unrealized loss, less than 12 months	865	8,564
Fair value, 12 months or longer	140,836	76,963
Unrealized loss, 12 months or longer	26,367	17,945
Total fair value	176,949	180,894
Total unrealized loss	27,232	26,509
Collateralized Mortgage-Backed Securities [Member]
Fair value, less than 12 months	849	8,383
Unrealized loss, less than 12 months	29	655
Fair value, 12 months or longer	10,855	4,573
Unrealized loss, 12 months or longer	1,602	1,169
Total fair value	11,704	12,956
Total unrealized loss	1,631	1,824
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair value, less than 12 months	21,134	65,270
Unrealized loss, less than 12 months	685	6,400
Fair value, 12 months or longer	105,876	59,495
Unrealized loss, 12 months or longer	21,194	14,575
Total fair value	127,010	124,765
Total unrealized loss	21,879	20,975
US Government-sponsored Enterprises Debt Securities [Member]
Fair value, less than 12 months	0	7,012
Unrealized loss, less than 12 months	0	935
Fair value, 12 months or longer	6,644	0
Unrealized loss, 12 months or longer	942	0
Total fair value	6,644	7,012
Total unrealized loss	942	935
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Fair value, less than 12 months	0	2,256
Unrealized loss, less than 12 months	0	244
Fair value, 12 months or longer	2,279	0
Unrealized loss, 12 months or longer	221	0
Total fair value	2,279	2,256
Total unrealized loss	221	244
US States and Political Subdivisions Debt Securities [Member]
Fair value, less than 12 months	14,130	18,648
Unrealized loss, less than 12 months	151	192
Fair value, 12 months or longer	4,097	4,095
Unrealized loss, 12 months or longer	993	1,001
Total fair value	18,227	22,743
Total unrealized loss	1,144	1,193
Other Debt Obligations [Member]
Fair value, less than 12 months	0	2,362
Unrealized loss, less than 12 months	0	138
Fair value, 12 months or longer	11,085	8,800
Unrealized loss, 12 months or longer	1,415	1,200
Total fair value	11,085	11,162
Total unrealized loss	$ 1,415	$ 1,338

Note 3 - Loans Receivable (Deta

Note 3 - Loans Receivable (Details Textual)		3 Months Ended			6 Months Ended			12 Months Ended
		Jun. 30, 2023 USD ($)		Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)		Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)		Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, before Allowance for Credit Loss		$ 1,614,684,000			$ 1,614,684,000			$ 1,510,178,000
Loans and Leases Receivable, Related Parties		3,100,000			3,100,000			2,800,000
Loans and Leases Receivable, Related Parties, Past Due or Impaired		0			0			0
Financing Receivable, Nonaccrual		4,147,000			4,147,000			4,307,000
Financing Receivable, Allowance for Credit Loss		18,374,000	[1]	$ 17,271,000	18,374,000	[1]	$ 17,271,000	$ 17,757,000	[1]	$ 17,744,000	$ 16,905,000	$ 15,778,000
Minimum Amount of Potential Loan Exposure to be Reviewed by Credit Management Personnel		1,000,000			$ 1,000,000
Financing Receivable, Modified, Number of Contracts				0	1		2	4
Financing Receivable, Modified, Accumulated		$ 332,000		$ 424,000	$ 332,000		$ 424,000	$ 936,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts		0		0	0		0
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss		$ 1,400,000			$ 1,400,000			1,300,000
One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss		543,720,000			543,720,000			469,567,000
Financing Receivable, Nonaccrual		4,107,000			4,107,000			4,209,000
Financing Receivable, Allowance for Credit Loss		6,529,000		$ 4,629,000	6,529,000		$ 4,629,000	4,743,000		$ 5,786,000	$ 4,415,000	$ 3,963,000
Financing Receivable, Modified, Accumulated		332,000			332,000			936,000
Mortgage Loans in Process of Foreclosure, Amount		601,000			601,000			795,000
Financial Asset, 1 to 59 Days Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[2]	3,820,000			3,820,000			2,345,000
Financing Receivable, Nonaccrual		32,000			32,000			0
Financial Asset, 1 to 59 Days Past Due [Member] | One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	[2]	3,820,000			3,820,000			2,328,000
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[3]	94,000			94,000			233,000
Financing Receivable, Nonaccrual		0			0			0
Financial Asset, 60 to 89 Days Past Due [Member] | One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	[3]	0			0			0
Financial Asset, Not Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[4]	1,606,655,000			1,606,655,000			1,503,917,000
Financing Receivable, Nonaccrual		0			0			624,000
Financial Asset, Not Past Due [Member] | One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	[4]	535,825,000			535,825,000			463,621,000
Federal Home Loan Bank of Chicago [Member]
Federal Home Loan Bank, Advance		595,500,000			595,500,000			385,700,000
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Financing Receivable, before Allowance for Credit Loss		$ 1,190,000,000			$ 1,190,000,000			$ 976,700,000
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.[2]Includes $600,000 and $43,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.[3]Includes $ - and $347,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.[4]Includes $666,000 and $816,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.

Note 3 - Loans Receivable - Sum

Note 3 - Loans Receivable - Summary of Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Loans receivable	$ 1,614,684	$ 1,510,178
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	543,720	469,567
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	702,859	677,981
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	11,663	11,455
Construction and Land Portfolio Segment [Member]
Loans receivable	48,794	62,494
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	271,240	262,973
Consumer Portfolio Segment [Member]
Loans receivable	814	774
Commercial Portfolio Segment [Member]
Loans receivable	$ 35,594	$ 24,934

Note 3 - Loans Receivable - Ana

Note 3 - Loans Receivable - Analysis of Past Due Loans (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Loans receivable		$ 1,614,684	$ 1,510,178
Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	3,820	2,345
Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	94	233
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		4,115	3,683
Financial Asset, Past Due [Member]
Loans receivable		8,029	6,261
Financial Asset, Not Past Due [Member]
Loans receivable	[3]	1,606,655	1,503,917
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable		543,720	469,567
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	3,820	2,328
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		4,075	3,618
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Past Due [Member]
Loans receivable		7,895	5,946
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	535,825	463,621
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable		702,859	677,981
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	0
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		0	0
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Past Due [Member]
Loans receivable		0	0
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	702,859	677,981
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable		11,663	11,455
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	14
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		38	65
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Past Due [Member]
Loans receivable		38	79
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	11,625	11,376
Construction and Land Portfolio Segment [Member]
Loans receivable		48,794	62,494
Construction and Land Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	0
Construction and Land Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Construction and Land Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		0	0
Construction and Land Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		0	0
Construction and Land Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	48,794	62,494
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		271,240	262,973
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	94	233
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		0	0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		94	233
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	271,146	262,740
Consumer Portfolio Segment [Member]
Loans receivable		814	774
Consumer Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	0
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		0	0
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		0	0
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	814	774
Commercial Portfolio Segment [Member]
Loans receivable		35,594	24,934
Commercial Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	3
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		2	0
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		2	3
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	$ 35,592	$ 24,931
[1]Includes $600,000 and $43,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.[2]Includes $ - and $347,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.[3]Includes $666,000 and $816,000 at March 31, 2022 and December 31, 2021, respectively, which are on non-accrual status.

Note 3 - Loans Receivable - Act

Note 3 - Loans Receivable - Activity in 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
Balance at beginning of period	$ 17,744		$ 16,905		$ 17,757	[1]	$ 15,778
Provision (credit) for loan losses	648	[1]	259	[2]	623	[1]	340	[2]
Charge-offs	(31)		(69)		(55)		(70)
Recoveries	13		176		49		793
Balance at end of period	18,374	[1]	17,271		18,374	[1]	17,271
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period							430
Residential Portfolio Segment [Member] | One to Four Family [Member]
Balance at beginning of period	5,786		4,415		4,743		3,963
Provision (credit) for loan losses	760	[1]	264		1,776	[1]	600
Charge-offs	(26)		(65)		(29)		(65)
Recoveries	9		15		39		43
Balance at end of period	6,529		4,629		6,529		4,629
Residential Portfolio Segment [Member] | One to Four Family [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						88
Residential Portfolio Segment [Member] | Multifamily [Member]
Balance at beginning of period	7,848		6,562		7,975		5,398
Provision (credit) for loan losses	(426)	[1]	675		(553)	[1]	1,167
Charge-offs	0		0		0		0
Recoveries	3		154		3		726
Balance at end of period	7,425		7,391		7,425		7,391
Residential Portfolio Segment [Member] | Multifamily [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						100
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Balance at beginning of period	178		185		174		89
Provision (credit) for loan losses	(9)	[1]	(27)		(9)	[1]	6
Charge-offs	0		0		0		0
Recoveries	0		5		4		10
Balance at end of period	169		163		169		163
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						58
Construction and Land Portfolio Segment [Member]
Balance at beginning of period	858		1,831		1,352		1,386
Provision (credit) for loan losses	201	[1]	(142)		(294)	[1]	(584)
Charge-offs	0		0		0		0
Recoveries	1		1		2		2
Balance at end of period	1,060		1,690		1,060		1,690
Construction and Land Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						886
Commercial Real Estate Portfolio Segment [Member]
Balance at beginning of period	2,678		3,631		3,199		4,482
Provision (credit) for loan losses	(78)	[1]	(472)		(600)	[1]	(694)
Charge-offs	0		0		0		0
Recoveries	0		1		1		12
Balance at end of period	2,600		3,160		2,600		3,160
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						(640)
Consumer Portfolio Segment [Member]
Balance at beginning of period	52		41		47		33
Provision (credit) for loan losses	6	[1]	5		32	[1]	7
Charge-offs	(5)		(4)		(26)		(5)
Recoveries	0		0		0		0
Balance at end of period	53		42		53		42
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	0						7
Commercial Portfolio Segment [Member]
Balance at beginning of period	344		240		267		427
Provision (credit) for loan losses	194	[1]	(44)		271	[1]	(162)
Charge-offs	0		0		0		0
Recoveries	0		0		0		0
Balance at end of period	538		$ 196		$ 538		196
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	$ 0						$ (69)
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.[2]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Note 3 - Loans Receivable - Com

Note 3 - Loans Receivable - Components of Provision 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
Provision (credit) for loan losses		$ 648	[1]	$ 259	[2]	$ 623	[1]	$ 340	[2]
Investment securities, provision for credit losses	[2]	0		0		0		0
Total, provision for credit losses	[1]	186		48		646		(28)
Unfunded Loan Commitment [Member]
Provision (credit) for loan losses	[2]	$ (462)		$ (211)		$ 23		$ (368)
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.[2]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Note 3 - Loans Receivable - Col

Note 3 - Loans Receivable - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023		Mar. 31, 2023	Dec. 31, 2022		Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Allowance at end of period	$ 18,374	[1]	$ 17,744	$ 17,757	[1]	$ 17,271	$ 16,905	$ 15,778
Loans receivable	1,614,684			1,510,178
Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	7,845			8,079
Pooled Loans [Member]
Allowance at end of period	18,374			17,757
Loans receivable	1,606,839			1,502,099
Residential Portfolio Segment [Member] | One to Four Family [Member]
Allowance at end of period	6,529		5,786	4,743		4,629	4,415	3,963
Loans receivable	543,720			469,567
Residential Portfolio Segment [Member] | One to Four Family [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	2,057			2,584
Residential Portfolio Segment [Member] | One to Four Family [Member] | Pooled Loans [Member]
Allowance at end of period	6,529			4,743
Loans receivable	541,663			466,983
Residential Portfolio Segment [Member] | Multifamily [Member]
Allowance at end of period	7,425		7,848	7,975		7,391	6,562	5,398
Loans receivable	702,859			677,981
Residential Portfolio Segment [Member] | Multifamily [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	0			0
Residential Portfolio Segment [Member] | Multifamily [Member] | Pooled Loans [Member]
Allowance at end of period	7,425			7,975
Loans receivable	702,859			677,981
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Allowance at end of period	169		178	174		163	185	89
Loans receivable	11,663			11,455
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	38			40
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Pooled Loans [Member]
Allowance at end of period	169			174
Loans receivable	11,625			11,415
Construction and Land Portfolio Segment [Member]
Allowance at end of period	1,060		858	1,352		1,690	1,831	1,386
Loans receivable	48,794			62,494
Construction and Land Portfolio Segment [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	0			0
Construction and Land Portfolio Segment [Member] | Pooled Loans [Member]
Allowance at end of period	1,060			1,352
Loans receivable	48,794			62,494
Commercial Real Estate Portfolio Segment [Member]
Allowance at end of period	2,600		2,678	3,199		3,160	3,631	4,482
Loans receivable	271,240			262,973
Commercial Real Estate Portfolio Segment [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	5,748			5,455
Commercial Real Estate Portfolio Segment [Member] | Pooled Loans [Member]
Allowance at end of period	2,600			3,199
Loans receivable	265,492			257,518
Consumer Portfolio Segment [Member]
Allowance at end of period	53		52	47		42	41	33
Loans receivable	814			774
Consumer Portfolio Segment [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	0			0
Consumer Portfolio Segment [Member] | Pooled Loans [Member]
Allowance at end of period	53			47
Loans receivable	814			774
Commercial Portfolio Segment [Member]
Allowance at end of period	538		$ 344	267		$ 196	$ 240	$ 427
Loans receivable	35,594			24,934
Commercial Portfolio Segment [Member] | Collateral Dependent Loans [Member]
Allowance at end of period	0			0
Loans receivable	2			0
Commercial Portfolio Segment [Member] | Pooled Loans [Member]
Allowance at end of period	538			267
Loans receivable	$ 35,592			$ 24,934
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Note 3 - Loans Receivable - Cre

Note 3 - Loans Receivable - Credit Quality Indicators (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
Loans receivable	$ 1,614,684		$ 1,614,684		$ 1,510,178
Originated current year	298,473		298,473		608,900
Originated one years before	502,578		502,578		305,783
Originated two years before	274,198		274,198		222,810
Originated three years before	213,022		213,022		101,316
Originated four years before	91,235		91,235		72,689
Originated five years before	213,193		213,193		181,242
Revolving	21,985		21,985		17,438
Gross charge-offs, current year			29
Gross charge-offs, one year before			0
Gross charge-offs, two years before			0
Gross charge-offs, three years before			0
Gross charge-offs, four years before			0
Gross charge-offs, five years before			0
Gross charge-offs, revolving			26
Gross charge-offs, total	31	$ 69	55	$ 70
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	543,720		543,720		469,567
Originated current year	172,990		172,990		251,478
Originated one years before	174,210		174,210		56,749
Originated two years before	49,429		49,429		37,957
Originated three years before	36,138		36,138		21,813
Originated four years before	20,639		20,639		20,580
Originated five years before	89,355		89,355		79,658
Revolving	959		959		1,332
Gross charge-offs, total	26	65	29	65
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	702,859		702,859		677,981
Originated current year	54,136		54,136		255,100
Originated one years before	243,893		243,893		144,731
Originated two years before	146,330		146,330		139,386
Originated three years before	134,132		134,132		44,221
Originated four years before	41,036		41,036		22,689
Originated five years before	81,873		81,873		71,097
Revolving	1,459		1,459		757
Gross charge-offs, total	0	0	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	11,663		11,663		11,455
Originated current year	388		388		312
Originated one years before	317		317		195
Originated two years before	185		185		865
Originated three years before	262		262		104
Originated four years before	90		90		174
Originated five years before	508		508		82
Revolving	9,913		9,913		9,723
Gross charge-offs, total	0	0	0	0
Construction and Land Portfolio Segment [Member]
Loans receivable	48,794		48,794		62,494
Originated current year	11,393		11,393		2,958
Originated one years before	1,692		1,692		49,092
Originated two years before	24,638		24,638		2,308
Originated three years before	2,185		2,185		7,917
Originated four years before	8,682		8,682		123
Originated five years before	204		204		96
Revolving	0		0		0
Gross charge-offs, total	0	0	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	271,240		271,240		262,973
Originated current year	44,277		44,277		89,587
Originated one years before	80,458		80,458		53,788
Originated two years before	52,549		52,549		39,110
Originated three years before	37,377		37,377		27,021
Originated four years before	20,633		20,633		28,187
Originated five years before	34,706		34,706		24,595
Revolving	1,240		1,240		685
Gross charge-offs, total	0	0	0	0
Commercial Portfolio Segment [Member]
Loans receivable	35,594		35,594		24,934
Originated current year	15,289		15,289		9,446
Originated one years before	2,008		2,008		1,228
Originated two years before	1,067		1,067		3,184
Originated three years before	2,928		2,928		240
Originated four years before	155		155		936
Originated five years before	6,547		6,547		5,714
Revolving	7,600		7,600		4,186
Gross charge-offs, total	0	0	0	0
Consumer Portfolio Segment [Member]
Loans receivable	814		814		774
Originated current year	0		0		19
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	814		814		755
Gross charge-offs, total	5	$ 4	26	$ 5
Substandard [Member]
Loans receivable	11,452		11,452		9,822
Substandard [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	4,107		4,107		4,209
Originated current year	1,420		1,420		218
Originated one years before	0		0		1,255
Originated two years before	0		0		519
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	2,687		2,687		2,217
Revolving	0		0		0
Substandard [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	0		0		0
Substandard [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	38		38		98
Originated current year	0		0		22
Originated one years before	20		20		18
Originated two years before	18		18		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	0		0		58
Substandard [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	0		0		0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	5,748		5,748		5,454
Originated current year	5,654		5,654		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	94		94		0
Originated four years before	0		0		5,454
Originated five years before	0		0		0
Revolving	0		0		0
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans receivable	1,559		1,559		61
Originated current year	0		0		61
Originated one years before	90		90		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	25		25		0
Originated five years before	0		0		0
Revolving	1,444		1,444		0
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	0		0		0
Pass [Member]
Loans receivable	1,592,858		1,592,858		1,484,919
Pass [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	530,968		530,968		459,662
Originated current year	164,348		164,348		246,437
Originated one years before	174,210		174,210		55,494
Originated two years before	49,429		49,429		37,438
Originated three years before	35,536		35,536		21,813
Originated four years before	20,639		20,639		20,580
Originated five years before	85,847		85,847		76,568
Revolving	959		959		1,332
Pass [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	702,476		702,476		677,789
Originated current year	54,136		54,136		255,100
Originated one years before	243,893		243,893		144,731
Originated two years before	146,330		146,330		139,386
Originated three years before	134,132		134,132		44,221
Originated four years before	41,036		41,036		22,689
Originated five years before	81,490		81,490		70,905
Revolving	1,459		1,459		757
Pass [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	11,481		11,481		11,261
Originated current year	388		388		290
Originated one years before	297		297		81
Originated two years before	79		79		865
Originated three years before	262		262		104
Originated four years before	90		90		174
Originated five years before	508		508		82
Revolving	9,857		9,857		9,665
Pass [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	48,794		48,794		60,267
Originated current year	11,393		11,393		2,958
Originated one years before	1,692		1,692		49,092
Originated two years before	24,638		24,638		2,308
Originated three years before	2,185		2,185		5,690
Originated four years before	8,682		8,682		123
Originated five years before	204		204		96
Revolving	0		0		0
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	264,290		264,290		252,316
Originated current year	38,623		38,623		87,971
Originated one years before	79,398		79,398		53,788
Originated two years before	52,549		52,549		39,015
Originated three years before	37,283		37,283		24,795
Originated four years before	20,491		20,491		21,467
Originated five years before	34,706		34,706		24,595
Revolving	1,240		1,240		685
Pass [Member] | Commercial Portfolio Segment [Member]
Loans receivable	34,035		34,035		22,850
Originated current year	15,289		15,289		9,385
Originated one years before	1,918		1,918		1,228
Originated two years before	1,067		1,067		1,256
Originated three years before	2,928		2,928		240
Originated four years before	130		130		936
Originated five years before	6,547		6,547		5,622
Revolving	6,156		6,156		4,183
Pass [Member] | Consumer Portfolio Segment [Member]
Loans receivable	814		814		774
Originated current year	0		0		19
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	814		814		755
Watch [Member]
Loans receivable	10,374		10,374		15,437
Watch [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	8,645		8,645		5,696
Originated current year	7,222		7,222		4,823
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	602		602		0
Originated four years before	0		0		0
Originated five years before	821		821		873
Revolving	0		0		0
Watch [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	383		383		192
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	383		383		192
Revolving	0		0		0
Watch [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	144		144		96
Originated current year	0		0		0
Originated one years before	0		0		96
Originated two years before	88		88		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	56		56		0
Watch [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	0		0		2,227
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		2,227
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	0		0		0
Watch [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	1,202		1,202		5,203
Originated current year	0		0		1,616
Originated one years before	1,060		1,060		0
Originated two years before	0		0		95
Originated three years before	0		0		2,226
Originated four years before	142		142		1,266
Originated five years before	0		0		0
Revolving	0		0		0
Watch [Member] | Commercial Portfolio Segment [Member]
Loans receivable	0		0		2,023
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		1,928
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		92
Revolving	0		0		3
Watch [Member] | Consumer Portfolio Segment [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated one years before	0		0		0
Originated two years before	0		0		0
Originated three years before	0		0		0
Originated four years before	0		0		0
Originated five years before	0		0		0
Revolving	$ 0		$ 0		$ 0

Note 3 - Loans Receivable - Tro

Note 3 - Loans Receivable - Trouble Debt Restructurings (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Amount	$ 424,000	$ 332,000	$ 424,000	$ 936,000
Number		1		4
Number	0	1	2	4
Interest Reduction and Principal Forbearance [Member]
Amount		$ 332,000		$ 399,000
Number		1		2
Contractual Interest Rate Reduction [Member]
Amount				$ 18,000
Number				1
Principal Forgiveness [Member]
Amount				$ 519,000
Number				1
Accruing [Member]
Amount		$ 0		$ 0
Number		0		0
Performing Financial Instruments [Member]
Amount		$ 332,000		$ 936,000
Number		1		4
Performing Financial Instruments [Member] | Interest Reduction and Principal Forbearance [Member]
Amount		$ 332,000		$ 399,000
Number		1		2
Performing Financial Instruments [Member] | Contractual Interest Rate Reduction [Member]
Amount				$ 18,000
Number				1
Performing Financial Instruments [Member] | Principal Forgiveness [Member]
Amount				$ 519,000
Number				1
Non Accruing [Member]
Amount		$ 332,000		$ 936,000
Number		1		4
Nonperforming Financial Instruments [Member]
Amount		$ 0		$ 0
Number		0		0
Nonperforming Financial Instruments [Member] | Interest Reduction and Principal Forbearance [Member]
Amount		$ 0		$ 0
Number		0		0
Nonperforming Financial Instruments [Member] | Contractual Interest Rate Reduction [Member]
Amount				$ 0
Number				0
Nonperforming Financial Instruments [Member] | Principal Forgiveness [Member]
Amount				$ 0
Number				0
Residential Portfolio Segment [Member] | One to Four Family [Member]
Amount		$ 332,000		$ 936,000
Number		1		4
Residential Portfolio Segment [Member] | One to Four Family [Member] | Accruing [Member]
Amount		$ 0		$ 0
Number		0		0
Residential Portfolio Segment [Member] | One to Four Family [Member] | Non Accruing [Member]
Amount		$ 332,000		$ 936,000
Number		1		4

Note 3 - Loans Receivable - Non

Note 3 - Loans Receivable - Non-accrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Non-accrual loans	$ 4,147	$ 4,307
Total non-accrual loans to total loans receivable	0.26%	0.29%
Total non-accrual loans to total assets	0.19%	0.21%
Residential Portfolio Segment [Member] | One to Four Family [Member]
Non-accrual loans	$ 4,107	$ 4,209
Residential Portfolio Segment [Member] | Multifamily [Member]
Non-accrual loans	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Non-accrual loans	38	98
Construction and Land Portfolio Segment [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member]
Non-accrual loans	0	0
Commercial Portfolio Segment [Member]
Non-accrual loans	2	0
Consumer Portfolio Segment [Member]
Non-accrual loans	$ 0	$ 0

Note 4 - Mortgage Servicing R_3

Note 4 - Mortgage Servicing Rights (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fees and Commissions, Mortgage Banking and Servicing	$ 21,914,000	$ 29,410,000	$ 38,684,000	$ 57,685,000
Unpaid Principal Balance of Loans Serviced for Others	156,300,000		156,300,000		$ 409,600,000
Servicing Asset at Amortized Cost, Fair Value	1,700,000		1,700,000		$ 5,000,000
Mortgage Servicing Rights, Underlying Financing Receivable	318,400,000		318,400,000
Mortgage Servicing Rights, Underlying Financing Receivable, Book Value	2,900,000		2,900,000
Proceeds from Sale of Mortgage Servicing Rights (MSR)	$ 0	$ 0	3,500,000
Gain (Loss) on Sales of Mortgage-Backed Securities (MBS)			583,000
Residential Portfolio Segment [Member] | One to Four Family [Member]
Financial Receivable Originated for Sale			977,800,000	1,450,000,000
Fees and Commissions, Mortgage Banking and Servicing			$ 38,700,000	$ 57,700,000

Note 4 - Mortgage Servicing R_4

Note 4 - Mortgage Servicing Rights - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Mortgage servicing rights at beginning of the period	$ 3,445	$ 1,555
Additions	759	1,521
Amortization	(123)	(248)
Sales	(2,767)	0
Mortgage servicing rights at end of the period	1,314	2,828
Valuation allowance recovered during the period	0	7
Mortgage servicing rights at end of the period, net	$ 1,314	$ 2,835

Note 4 - Mortgage Servicing R_5

Note 4 - Mortgage Servicing Rights - Future Amortization Expenses (Details) $ in Thousands	Jun. 30, 2023 USD ($)
2023	$ 111
2024	219
2025	179
2026	165
2027	146
Thereafter	494
Total	$ 1,314

Note 5 - Deposits (Details Text

Note 5 - Deposits (Details Textual) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Deposit Liability, Uninsured	$ 122.8	$ 115.5
Related Party Deposit Liabilities	$ 7.6	$ 9.2

Note 5 - Deposits - Maturities

Note 5 - Deposits - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Within one year	$ 603,931
More than one to two years	101,241
More than two to three years	2,533
More than three to four years	750
More than four through five years	653
Time Deposits	$ 709,108	$ 642,271

Note 6 - Borrowings (Details Te

Note 6 - Borrowings (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 26,800	$ 17,400
Residential Portfolio Segment [Member] | One to Four Family [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	78%
Residential Portfolio Segment [Member] | Multi-family Loan [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	73%
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	63%
Federal Home Loan Bank of Chicago [Member]
Short-Term Debt	$ 400,500	185,700
Federal Home Loan Bank of Chicago [Member] | Short-Term Advance [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	400,500
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	184,700
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 3, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 51,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.21%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 5, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 15,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.19%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 12, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 41,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.17%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 13, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 42,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.17%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 14, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 30,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.25%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 18, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 7,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.11%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 19, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 43,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.22%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 20, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 25,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.21%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 24, 2023, 1 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 45,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.21%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 24, 2023, 2 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 20,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.19%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 26, 2023, 1 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 16,500
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.12%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 26, 2023, 2 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 44,500
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.12%
Federal Home Loan Bank of Chicago [Member] | Short-term Advance Maturing July 27, 2023 [Member]
Federal Home Loan Bank, Advance, Maturity, Year One	$ 20,500
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	5.11%
Federal Home Loan Bank of Chicago [Member] | Advance One with FHLB Quarterly Call Option [Member]
Federal Home Loan Bank, Advance, Maturity, Year Two	$ 125,000
Federal Home Loan Bank of Chicago [Member] | Advance with FHLB Quarterly Call Option in September 2023 [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	3.50%
Federal Home Loan Bank, Advance, Maturity, Year Two	$ 50,000
Federal Home Loan Bank of Chicago [Member] | Advance with FHLB Quarterly Call Option in November 2023 [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	4.09%
Federal Home Loan Bank, Advance, Maturity, Year Two	$ 25,000
Federal Home Loan Bank of Chicago [Member] | Advance Two with FHLB Quarterly Call Option in November 2023 [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	4.25%
Federal Home Loan Bank, Advance, Maturity, Year Two	$ 25,000
Federal Home Loan Bank of Chicago [Member] | Advance with FHLB Quarterly Call Option in May 2023 [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	3.82%
Federal Home Loan Bank, Advance, Maturity, Year Two	$ 25,000
Federal Home Loan Bank of Chicago [Member] | Advance, December 2027 Maturity [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	1.73%
Federal Home Loan Bank, Advance, Maturity, Year Four	$ 50,000
Federal Home Loan Bank of Chicago [Member] | Advance with FHLB Quarterly Call Option [Member]
Federal Home Loan Bank, Advance, Maturity, Year Ten	$ 20,000
Federal Home Loan Bank of Chicago [Member] | Advance with FHLB Monthly Call Option Currently Available [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	2.38%
Federal Home Loan Bank, Advance, Maturity, Year Ten	$ 20,000
Repurchase Agreements [Member]
Line of Credit Facility, Maximum Borrowing Capacity	50,000
Short-Term Debt	$ 19,377	$ 1,084

Note 6 - Borrowings -Borrowing

Note 6 - Borrowings -Borrowing (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Borrowings	$ 614,877	$ 386,784
Federal Home Loan Bank of Chicago [Member]
Short term balance	$ 400,500	$ 185,700
Short term balance, weighted average rate	5.18%	4.26%
Borrowings	$ 614,877	$ 386,784
Debt, weighted average rate	4.64%	3.68%
Federal Home Loan Bank of Chicago [Member] | Long-Term Debt Maturing 2025 [Member]
Borrowings	$ 125,000	$ 125,000
Long-term debt, weighted average rate	3.83%	3.83%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2027 [Member]
Borrowings	$ 50,000	$ 50,000
Long-term debt, weighted average rate	1.73%	1.73%
Federal Home Loan Bank of Chicago [Member] | Long-term Debt Maturing 2032 [Member]
Borrowings	$ 0	$ 25,000
Long-term debt, weighted average rate	0%	2.35%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2033 [Member]
Borrowings	$ 20,000	$ 0
Long-term debt, weighted average rate	2.38%	0%
Repurchase Agreements [Member]
Short term balance	$ 19,377	$ 1,084
Short term balance, weighted average rate	8.45%	7.21%

Note 7 - Regulatory Capital - A

Note 7 - Regulatory Capital - Actual and Required Capital Amount and Ratio (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Consolidated Waterstone Financial Inc [Member]
Total capital (to risk-weighted assets)	$ 395,715	$ 407,099
Total capital (to risk-weighted assets) Ratio	0.2243	0.2436
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.0800	0.0800
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes		$ 133,709
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer		175,493
Tier I capital (to risk-weighted assets)	$ 375,980	$ 389,342
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	0.0600	0.0600
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.50%	8.50%
Tier I capital (to risk-weighted assets) Ratio		0.2329
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes		$ 100,281
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer		142,065
Common Equity Tier 1 Capital (to risk-weighted assets)	$ 375,980	$ 389,342
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	0.2131	0.2329
Common Equity Tier I capital (to risk-weighted), For Capital Adequacy Ratio	0.0450	0.0450
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	7%	7%
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes		$ 75,211
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer		116,995
Tier I capital (to average assets)	$ 375,980	$ 389,342
Tier I capital (to average assets) Ratio	0.1739	0.1945
Tier I capital (to average assets), For Capital Adequacy Ratio	0.0400	0.0400
Tier I capital (to average assets), For Capital Adequacy Purposes		$ 80,080
Subsidiaries [Member]
Total capital (to risk-weighted assets)	$ 356,550	$ 359,623
Total capital (to risk-weighted assets) Ratio	0.2018	0.2152
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.0800	0.0800
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 141,350	$ 133,690
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer	185,520	175,468
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 176,685	$ 167,112
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000
Tier I capital (to risk-weighted assets)	$ 336,815	$ 341,866
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	0.0600	0.0600
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.50%	8.50%
Tier I capital (to risk-weighted assets) Ratio	0.1906	0.2046
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 106,030	$ 100,267
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	150,210	142,045
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 141,370	$ 133,690
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Common Equity Tier 1 Capital (to risk-weighted assets)	$ 336,815	$ 341,866
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	0.1906	0.2046
Common Equity Tier I capital (to risk-weighted), For Capital Adequacy Ratio	0.0450	0.0450
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	7%	7%
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes	$ 79,520	$ 75,200
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	123,700	116,978
Common Equity Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 114,863	$ 108,623
Common Equity Tier I capital (to risk-weighted) , To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier I capital (to average assets)	$ 336,815	$ 341,866
Tier I capital (to average assets) Ratio	0.1558	0.1708
Tier I capital (to average assets), For Capital Adequacy Ratio	0.0400	0.0400
Tier I capital (to average assets), For Capital Adequacy Purposes	$ 86,470	$ 80,080
Amount of minimum Tier 1 leverage capital categorized as well capitalized as defined by regulatory framework for prompt corrective action.	$ 108,092	$ 100,100
Tier I capital (to average assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500
State of Wisconsin (to total assets)	$ 336,815	$ 341,866
State of Wisconsin (to total assets) Ratio	15.13%	16.87%
State of Wisconsin (to total assets), For Capital Adequacy Purposes	$ 133,570	$ 121,624
State of Wisconsin (to total assets), For Capital Adequacy Ratio	6%	6%

Note 8 - Commitments, Off-Bal_3

Note 8 - Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Loss Contingency, Estimate of Possible Loss	$ 0	$ 0
Estimated Litigation Liability	$ 2,000	$ 2,000
Maximum [Member]
Period Of Commitments For Loans Extended To Customers (Day)	90 days
Period Of Home Equity Loans Available To The Borrower (Year)	10 years
Period of Construction Loans Available To The Borrower (Year)	1 year

Note 8 - Commitments, Off-Bal_4

Note 8 - Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Commitments To Extend Credit Under Amortizing Loans [Member]
Off-balance sheet risks liability amount	[1]	$ 44,718	$ 61,223
Commitments To Extend Credit Under Home Equity Lines Of Credit [Member]
Off-balance sheet risks liability amount	[2]	10,136	9,550
Unused Portion of Construction Loans [Member]
Off-balance sheet risks liability amount	[3]	61,250	48,530
Unused lines of Credit [Member]
Off-balance sheet risks liability amount		8,661	17,356
Standby Letters of Credit [Member]
Off-balance sheet risks liability amount		$ 713	$ 1,516
[1]Commitments for loans are extended to customers for up to 90 days after which they expire. Excludes commitments to originate loans held for sale, which are discussed in the following footnote.[2]Unused portions of home equity loans are available to the borrower for up to 10 years.[3]Unused portions of construction loans are available to the borrower for up to one year.

Note 9 - Derivative Financial_3

Note 9 - Derivative Financial Instruments (Details Textual) - Interest Rate Swap [Member] Pure in Thousands, $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number Of Back To Back Swaps In Default	0	0
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	$ 0	$ 0

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Interest Rate Swaps (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Forward Contracts [Member]
Derivatives notional amount	$ 379.3	$ 296
Forward Contracts [Member] | Other Assets [Member]
Derivatives Assets, fair value	2.7	1.9
Forward Contracts [Member] | Other Liabilities [Member]
Derivatives liabilities, fair value	1	3.6
Interest Rate Lock Commitments [Member]
Derivatives notional amount	236.5	203.1
Interest Rate Lock Commitments [Member] | Other Assets [Member]
Derivatives Assets, fair value	0.8	0.7
Interest Rate Lock Commitments [Member] | Other Liabilities [Member]
Derivatives liabilities, fair value	0	0
Interest Rate Swaption [Member]
Derivatives notional amount	89.4	90.5
Interest Rate Swaption [Member] | Other Assets [Member]
Derivatives Assets, fair value	14	14.2
Interest Rate Swaption [Member] | Other Liabilities [Member]
Derivatives liabilities, fair value	$ 14	$ 14.2

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	194,000	186,000	181,000	112,000

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 4,007	$ 7,990	$ 6,162	$ 13,282
Weighted average shares outstanding (in shares)	20,384	22,126	20,635	22,626
Effect of dilutive potential common shares (in shares)	47	103	67	142
Diluted weighted average shares outstanding (in shares)	20,431	22,229	20,702	22,768
Basic earnings per share (in dollars per share)	$ 0.20	$ 0.36	$ 0.30	$ 0.59
Diluted earnings per share (in dollars per share)	$ 0.20	$ 0.36	$ 0.30	$ 0.58

Note 11 - Fair Value Measurem_3

Note 11 - Fair Value Measurements (Details Textual) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value, Transfers into (out of) Levels 1, 2 and 3, Amount	$ 0

Note 11 - Fair Value Measurem_4

Note 11 - Fair Value Measurements - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	$ 195,011	$ 196,588
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,812	13,314
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	127,010	124,765
US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	2,279	2,256
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	35,048	36,934
Other Debt Obligations [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,085	11,162
Other Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	88	51
Fair Value, Recurring [Member]
Loans held for sale	203,268	131,188
Fair Value, Recurring [Member] | Mortgage Banking [Member]
Derivatives Assets, fair value	3,513	2,619
Derivatives liabilities, fair value	1,009	3,613
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivatives Assets, fair value	13,997	14,226
Derivatives liabilities, fair value	13,997	14,226
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage Banking [Member]
Derivatives Assets, fair value	0	0
Derivatives liabilities, fair value	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Derivatives Assets, fair value	0	0
Derivatives liabilities, fair value	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale	203,268	131,188
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Banking [Member]
Derivatives Assets, fair value	0	0
Derivatives liabilities, fair value	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Derivatives Assets, fair value	13,997	14,226
Derivatives liabilities, fair value	13,997	14,226
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Banking [Member]
Derivatives Assets, fair value	3,513	2,619
Derivatives liabilities, fair value	1,009	3,613
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Derivatives Assets, fair value	0	0
Derivatives liabilities, fair value	0	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,812	13,314
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,812	13,314
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	127,010	124,765
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	127,010	124,765
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Private Equity Funds [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	7,689	8,106
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	7,689	8,106
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	2,279	2,256
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	2,279	2,256
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	35,048	36,934
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	35,048	36,934
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Other Debt Obligations [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,085	11,162
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	11,085	11,162
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Other Securities [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	88	51
Fair Value, Recurring [Member] | Other Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	0	0
Fair Value, Recurring [Member] | Other Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	88	51
Fair Value, Recurring [Member] | Other Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2023—$221,824; 2022—$222,665)	$ 0	$ 0

Note 11 - Fair Value Measurem_5

Note 11 - Fair Value Measurements -Reconciliation for All Assets Measured at Fair Value Using Significant Unobservable Inputs (Details) - Mortgage Derivative [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Mortgage derivative, net balance at the beginning of the period	$ 79	$ 5,573	$ (994)	$ 4,369
Mortgage derivative gain (loss), net	2,425	(5,716)	3,498	(4,512)
Mortgage derivative, net balance at the end of the period	$ 2,504	$ (143)	$ 2,504	$ (143)

Note 11 - Fair Value Measurem_6

Note 11 - Fair Value Measurements - Assets Recorded at Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real estate owned	$ 145	$ 145
Fair Value, Inputs, Level 1 [Member]
Real estate owned	0	0
Fair Value, Inputs, Level 2 [Member]
Real estate owned	0	0
Fair Value, Inputs, Level 3 [Member]
Real estate owned	$ 145	$ 145

Note 11 - Fair Value Measurem_7

Note 11 - Fair Value Measurements - Fair Value of Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Measurement Input, Discount Rate [Member] | Valuation, Market Approach [Member]
Real estate owned	$ 145	$ 145
Measurement Input, Discount Rate [Member] | Valuation, Market Approach [Member] | Minimum [Member]
Real estate owned measurement input	0.348	0.348
Measurement Input, Discount Rate [Member] | Valuation, Market Approach [Member] | Maximum [Member]
Real estate owned measurement input	0.348	0.348
Measurement Input, Discount Rate [Member] | Valuation, Market Approach [Member] | Weighted Average [Member]
Real estate owned measurement input	0.348	0.348
Mortgage Derivative [Member] | Pull Through Rate [Member] | Valuation Technique, Pricing Model [Member]
Mortgage banking derivatives, fair value	$ 2,504	$ 994
Mortgage banking derivatives, fair value	$ (2,504)	$ (994)
Mortgage Derivative [Member] | Pull Through Rate [Member] | Valuation Technique, Pricing Model [Member] | Minimum [Member]
Mortgage banking derivatives, measurement input	0.049	0.206
Mortgage Derivative [Member] | Pull Through Rate [Member] | Valuation Technique, Pricing Model [Member] | Maximum [Member]
Mortgage banking derivatives, measurement input	0.997	1
Mortgage Derivative [Member] | Pull Through Rate [Member] | Valuation Technique, Pricing Model [Member] | Weighted Average [Member]
Mortgage banking derivatives, measurement input	0.895	0.892

Note 11 - Fair Value Measurem_8

Note 11 - Fair Value Measurements - Carrying Amount and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Servicing Asset at Amortized Cost, Fair Value	$ 1,700	$ 5,000
Advance payments by borrowers for taxes	20,610	5,334
Reported Value Measurement [Member]
Cash and cash equivalents	61,190	46,642
Loans receivable	1,614,684	1,510,178
FHLB stock	26,798	17,357
Accrued interest receivable	6,646	5,725
Servicing Asset at Amortized Cost, Fair Value	1,314	3,444
Deposits	1,186,968	1,199,012
Advance payments by borrowers for taxes	20,610	5,334
Borrowings	614,877	386,784
Accrued interest payable	2,413	1,358
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	61,190	46,642
Loans receivable	1,442,985	1,403,429
FHLB stock	26,798	17,357
Accrued interest receivable	6,646	5,725
Servicing Asset at Amortized Cost, Fair Value	1,654	5,001
Deposits	1,184,870	1,194,559
Advance payments by borrowers for taxes	20,610	5,334
Borrowings	605,103	377,275
Accrued interest payable	2,413	1,358
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	61,190	46,642
Loans receivable	0	0
FHLB stock	26,798	17,357
Accrued interest receivable	6,646	5,725
Servicing Asset at Amortized Cost, Fair Value	0	0
Deposits	477,860	556,741
Advance payments by borrowers for taxes	20,610	5,334
Borrowings	0	0
Accrued interest payable	2,413	1,358
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Loans receivable	0	0
FHLB stock	0	0
Accrued interest receivable	0	0
Servicing Asset at Amortized Cost, Fair Value	0	0
Deposits	707,010	637,818
Advance payments by borrowers for taxes	0	0
Borrowings	605,103	377,275
Accrued interest payable	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Loans receivable	1,442,985	1,403,429
FHLB stock	0	0
Accrued interest receivable	0	0
Servicing Asset at Amortized Cost, Fair Value	1,654	5,001
Deposits	0	0
Advance payments by borrowers for taxes	0	0
Borrowings	0	0
Accrued interest payable	$ 0	$ 0

Note 12 - Segment Reporting (De

Note 12 - Segment Reporting (Details Textual)	6 Months Ended
	Jun. 30, 2023
Number of Operating Segments	2
Number of States The Company Can Lend, State	48

Note 12 - Segment Reporting - M

Note 12 - Segment Reporting - Mortgage Banking (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
Net interest income (expense)		$ 12,675	$ 14,081	$ 26,470	$ 25,945
Provision (credit) for credit losses	[1]	186	48	646	(28)
Net interest income (expense) after provision for credit losses	[1]	12,489	14,033	25,824	25,973
Noninterest income:		23,525	31,238	42,079	61,056
Compensation, payroll taxes, and other employee benefits		22,395	25,793	42,447	51,328
Occupancy, office furniture, and equipment		2,046	2,056	4,309	4,244
Advertising		944	962	1,833	1,867
Data processing		1,090	1,144	2,212	2,346
Communications		225	258	476	598
Professional fees		618	349	1,034	810
Real estate owned		1	0	2	5
Loan processing expense		932	1,134	1,950	2,565
Other		2,671	3,354	5,766	6,221
Total noninterest expenses		30,922	35,050	60,029	69,984
Income (loss) before income taxes (benefit)		5,092	10,221	7,874	17,045
Income tax expense		1,085	2,231	1,712	3,763
Net income		4,007	7,990	6,162	13,282
Total Assets		2,229,825	1,941,097	2,229,825	1,941,097	$ 2,031,672
Provision (credit) for credit losses	[1]	186	48	646	(28)
Net interest income after provision (credit) for credit losses	[1]	12,489	14,033	25,824	25,973
Community Banking [Member]
Net interest income (expense)		13,238	13,710	27,246	25,362
Provision (credit) for credit losses		158	(41)	546	(181)
Net interest income (expense) after provision for credit losses		13,080	13,751	26,700	25,543
Noninterest income:		1,540	1,640	2,527	3,072
Compensation, payroll taxes, and other employee benefits		4,683	4,596	9,851	9,808
Occupancy, office furniture, and equipment		873	876	1,904	1,813
Advertising		230	244	414	471
Data processing		602	531	1,203	1,139
Communications		72	63	150	157
Professional fees		146	118	364	232
Real estate owned		1	0	2	5
Loan processing expense		0	0	0	0
Other		1,641	1,006	2,537	1,606
Total noninterest expenses		8,248	7,434	16,425	15,231
Income (loss) before income taxes (benefit)		6,372	7,957	12,802	13,384
Income tax expense		1,182	1,658	2,782	2,825
Net income		5,190	6,299	10,020	10,559
Total Assets		2,169,989	1,896,227	2,169,989	1,896,227
Provision (credit) for credit losses		158	(41)	546	(181)
Net interest income after provision (credit) for credit losses		13,080	13,751	26,700	25,543
Mortgage Banking Segment [Member]
Net interest income (expense)		(622)	370	(904)	553
Provision (credit) for credit losses		28	89	100	153
Net interest income (expense) after provision for credit losses		(650)	281	(1,004)	400
Noninterest income:		23,041	30,126	40,992	58,730
Compensation, payroll taxes, and other employee benefits		17,929	21,311	33,028	41,749
Occupancy, office furniture, and equipment		1,173	1,180	2,405	2,431
Advertising		714	718	1,419	1,396
Data processing		480	613	996	1,201
Communications		153	195	326	441
Professional fees		466	222	654	560
Real estate owned		0	0	0	0
Loan processing expense		932	1,134	1,950	2,565
Other		1,914	2,733	4,317	5,042
Total noninterest expenses		23,761	28,106	45,095	55,385
Income (loss) before income taxes (benefit)		(1,370)	2,301	(5,107)	3,745
Income tax expense		(126)	578	(1,128)	955
Net income		(1,244)	1,723	(3,979)	2,790
Total Assets		251,595	269,584	251,595	269,584
Provision (credit) for credit losses		28	89	100	153
Net interest income after provision (credit) for credit losses		(650)	281	(1,004)	400
Holding Community and Other [Member]
Net interest income (expense)		59	1	128	30
Provision (credit) for credit losses		0	0	0	0
Net interest income (expense) after provision for credit losses		59	1	128	30
Noninterest income:		(1,056)	(528)	(1,440)	(746)
Compensation, payroll taxes, and other employee benefits		(217)	(114)	(432)	(229)
Occupancy, office furniture, and equipment		0	0	0	0
Advertising		0	0	0	0
Data processing		8	0	13	6
Communications		0	0	0	0
Professional fees		6	9	16	18
Real estate owned		0	0	0	0
Loan processing expense		0	0	0	0
Other		(884)	(385)	(1,088)	(427)
Total noninterest expenses		(1,087)	(490)	(1,491)	(632)
Income (loss) before income taxes (benefit)		90	(37)	179	(84)
Income tax expense		29	(5)	58	(17)
Net income		61	(32)	121	(67)
Total Assets		(191,759)	(224,714)	(191,759)	(224,714)
Provision (credit) for credit losses		0	0	0	0
Net interest income after provision (credit) for credit losses		$ 59	$ 1	$ 128	$ 30
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The prior year amounts presented are calculated under the prior accounting standard.

Item 5. Other Information (Deta

Item 5. Other Information (Details Textual) Pure in Thousands	3 Months Ended
	Jun. 30, 2023
Issuer Rule 10b5-1, Number of Trading Agreements Adopted or Terminated by Directors or Executive Officers	0