Waterstone Financial (WSBF) 10-K 28 Feb 25 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 21, 2025	Jun. 30, 2024
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	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
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 Ct
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 235,700,000
Entity Common Stock, Shares Outstanding		19,319,808
Auditor Name	Forvis Mazars, LLP
Auditor Location	Kansas City, Missouri
Auditor Firm ID	686

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Cash	$ 35,182	$ 30,667
Federal funds sold	4,302	5,493
Interest-earning deposits in other financial institutions and other short term investments	277	261
Cash and cash equivalents	39,761	36,421
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	208,549	204,907
Loans held for sale (at fair value)	135,909	164,993
Loans receivable	1,680,576	1,664,215
Less: Allowance for credit losses ("ACL") - loans	18,247	18,549
Loans receivable, net	1,662,329	1,645,666
Office properties and equipment, net	19,389	19,995
Federal Home Loan Bank stock (at cost)	20,295	20,880
Cash surrender value of life insurance	74,612	67,859
Real estate owned, net	505	254
Prepaid expenses and other assets	48,259	52,414
Total assets	2,209,608	2,213,389
Liabilities:
Demand deposits	171,115	187,107
Money market and savings deposits	283,243	273,233
Time deposits	905,539	730,284
Total deposits	1,359,897	1,190,624
Borrowings	446,519	611,054
Advance payments by borrowers for taxes	5,630	6,607
Other liabilities	58,427	61,048
Total liabilities	1,870,473	1,869,333
Commitments and contingencies (Note 13)
Shareholders' equity:
Preferred stock (par value $0.01 per share) Authorized - 50,000,000 shares in 2024 and 2023, no shares issued	0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares at December 31, 2024 and at December 31, 2023, Issued and Outstanding - 19,343,251 at December 31, 2024 and 20,314,786 at December 31, 2023	193	203
Additional paid-in capital	91,214	103,908
Retained earnings	277,196	269,606
Unearned ESOP shares	(10,682)	(11,869)
Accumulated other comprehensive loss, net of taxes	(18,786)	(17,792)
Total shareholders’ equity	339,135	344,056
Total liabilities and shareholders’ equity	$ 2,209,608	$ 2,213,389

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Securities available for sale, cost	$ 232,630	$ 227,716
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)	19,343,251	20,314,786
Common stock, shares outstanding (in shares)	19,343,251	20,314,786

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans	$ 103,066	$ 90,148	$ 62,935
Mortgage-related securities	4,496	4,053	3,241
Debt securities, federal funds sold and short-term investments	5,606	5,007	4,069
Total interest income	113,168	99,208	70,245
Interest expense:
Deposits	40,573	25,738	4,863
Borrowings	26,427	23,255	8,428
Total interest expense	67,000	48,993	13,291
Net interest income	46,168	50,215	56,954
Provision (credit) for credit losses	(168)	656	968
Net interest income after provision (credit) for credit losses	46,336	49,559	55,986
Noninterest income:
Service charges on loans and deposits	2,060	1,819	2,202
Increase in cash surrender value of life insurance	1,969	1,710	1,738
Mortgage banking income	83,565	75,686	99,560
Other	1,708	1,970	2,055
Total noninterest income	89,302	81,185	105,555
Noninterest expenses:
Compensation, payroll taxes, and other employee benefits	81,078	84,096	99,565
Occupancy, office furniture, and equipment	7,573	8,323	8,706
Advertising	3,554	3,779	3,976
Data processing	4,978	4,653	4,470
Communications	922	988	1,189
Professional fees	3,184	2,686	1,815
Real estate owned	26	4	19
Loan processing expense	3,090	3,428	4,744
Other	7,231	11,755	12,578
Total noninterest expenses	111,636	119,712	137,062
Income before income taxes	24,002	11,032	24,479
Income tax expense	5,314	1,657	4,992
Net income	$ 18,688	$ 9,375	$ 19,487
Income per share:
Basic income per share (in dollars per share)	$ 1.01	$ 0.47	$ 0.89
Diluted income per share (in dollars per share)	$ 1.01	$ 0.46	$ 0.89
Weighted average shares outstanding:
Basic (in shares)	18,556	20,158	21,884
Diluted (in shares)	18,589	20,196	22,010

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 18,688	$ 9,375	$ 19,487
Other comprehensive (loss) income, net of tax:
Net unrealized holding (loss) gain arising during the period, net of tax benefit (expense) of $279, ($1,584),and $6,868, respectively	(994)	1,684	(18,341)
Total other comprehensive (loss) income	(994)	1,684	(18,341)
Comprehensive income	$ 17,694	$ 11,059	$ 1,146

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net unrealized holding (loss) gains arising during the period, tax	$ 279	$ (1,584)	$ 6,868

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ 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							24,795,000
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	19,487	0	0	19,487
Other comprehensive loss:							0	0	0	0	(18,341)	(18,341)
Total comprehensive income (loss)												1,146
ESOP shares committed to be released to Plan participants							0	702	0	1,187	0	1,889
Cash dividend							$ 0	0	(17,247)	0	0	$ (17,247)
Stock compensation activity, net of tax (in shares)							62,000					44,690
Stock compensation activity, net of tax							$ 1	563	0	0	0	$ 564
Stock based compensation expense							$ 0	583	0	0	0	583
Purchase of common stock returned to authorized but unissued (in shares)							(2,683,000)
Purchase of common stock returned to authorized but unissued							$ (27)	(47,803)	0	0	0	(47,830)
Balances (in shares) at Dec. 31, 2022							22,174,000
Balances at Dec. 31, 2022							$ 222	128,550	274,246	(13,056)	(19,476)	370,486
Net income							0	0	9,375	0	0	9,375
Other comprehensive loss:							0	0	0	0	1,684	1,684
Total comprehensive income (loss)												11,059
ESOP shares committed to be released to Plan participants							0	274	0	1,187	0	1,461
Cash dividend							0	0	(14,015)	0	0	$ (14,015)
Stock compensation activity, net of tax (in shares)												64,219
Stock based compensation expense							$ 0	277	0	0	0	$ 277
Purchase of common stock returned to authorized but unissued (in shares)							(1,945,000)
Purchase of common stock returned to authorized but unissued							$ (20)	(26,012)	0	0	0	(26,032)
Stock compensation activity, net of tax (in shares)							86,000
Stock compensation activity, net of tax							$ 1	819				820
Balances (in shares) at Dec. 31, 2023							20,315,000
Balances at Dec. 31, 2023							$ 203	103,908	269,606	(11,869)	(17,792)	344,056
Net income							0	0	18,688	0	0	18,688
Other comprehensive loss:							0	0	0	0	(994)	(994)
Total comprehensive income (loss)							0	0	0	0	0	17,694
ESOP shares committed to be released to Plan participants							0	233	0	1,187	0	1,420
Cash dividend							0	0	(11,098)	0	0	$ (11,098)
Stock compensation activity, net of tax (in shares)												129,868
Stock based compensation expense							$ 0	316	0	0	0	$ 316
Purchase of common stock returned to authorized but unissued (in shares)							(1,169,000)
Purchase of common stock returned to authorized but unissued							$ (12)	(14,903)	0	0	0	(14,915)
Stock compensation activity, net of tax (in shares)							197,000
Stock compensation activity, net of tax							$ 2	1,660	0	0	0	1,662
Balances (in shares) at Dec. 31, 2024							19,343,000
Balances at Dec. 31, 2024							$ 193	$ 91,214	$ 277,196	$ (10,682)	$ (18,786)	$ 339,135

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash dividend, price per share (in dollars per share)	$ 0.6	$ 0.7	$ 0.8

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating activities:
Net income	$ 18,688	$ 9,375	$ 19,487
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision (credit) for credit losses	(168)	656	968
Depreciation, amortization, accretion	2,474	3,301	4,033
(Recovery) impairment of mortgage servicing rights	(320)	320	0
Deferred taxes	980	(1,073)	(484)
Stock based compensation	316	277	583
Origination of mortgage servicing rights	(850)	(1,773)	(2,462)
Gain on sale of loans held for sale	(83,808)	(71,378)	(76,156)
Loans originated for sale	(2,130,356)	(2,024,014)	(2,549,935)
Proceeds on sales of loans originated for sale	2,243,248	2,061,587	2,807,641
Gain on death benefit on bank owned life insurance	(266)	0	(340)
Increase in accrued interest receivable	(432)	(1,696)	(1,712)
Increase in cash surrender value of life insurance	(1,969)	(1,710)	(1,738)
(Increase) decrease in derivative assets	(1,094)	4,467	(10,897)
Increase in accrued interest on deposits and borrowings	727	1,255	399
Decrease in prepaid tax expense	1,425	1,557	1,068
Increase (decrease) in derivative liabilities	213	(5,431)	16,260
Gain on sale of mortgage servicing rights	(152)	(583)	0
Decrease (increase) in other assets	2,971	(1,181)	3,345
Decrease in other liabilities	(3,564)	(1,533)	(3,395)
Net cash provided by (used in) operating activities	48,063	(27,577)	206,665
Investing activities:
Net increase in loans receivable	(16,692)	(154,171)	(303,874)
FHLB Stock	(2,340)	(11,937)	(5,005)
Debt securities	(15,966)	(5,437)	(9,732)
Mortgage related securities	(19,425)	(24,068)	(80,265)
Bank owned life insurance	(5,180)	(180)	(180)
Premises and equipment	(1,099)	(700)	(701)
Principal repayments on mortgage-related securities	23,572	20,885	33,191
Maturities of debt securities	7,470	3,966	17,555
Sales of FHLB stock	2,925	8,414	12,086
Proceeds on sales of mortgage servicing rights	(2,110)	(3,530)	0
Death benefit from bank owned life insurance	662	474	1,183
Net cash used in by investing activities	(23,963)	(159,224)	(335,742)
Financing activities:
Net increase (decrease) in deposits	169,273	(8,388)	(34,374)
Net change in short-term borrowings	(159,535)	269,270	179,657
Repayment of long-term debt	(175,000)	(304,000)	(470,000)
Proceeds from long-term debt	170,000	259,000	200,000
Net change in advance payments by borrowers for taxes	(977)	1,273	1,240
Cash dividends on common stock	(11,268)	(15,363)	(30,260)
Proceeds from stock option exercises	1,662	820	564
Purchase of common stock returned to authorized but unissued	(14,915)	(26,032)	(47,830)
Net cash (used in) provided by financing activities	(20,760)	176,580	(201,003)
Increase (decrease) in cash and cash equivalents	3,340	(10,221)	(330,080)
Cash and cash equivalents at beginning of period	36,421	46,642	376,722
Cash and cash equivalents at end of period	39,761	36,421	46,642
Supplemental information:
Income tax (refunds) payments	(881)	1,169	4,090
Interest payments	66,273	47,738	12,892
Noncash investing activities:
Dividends declared but not paid in other liabilities	$ 2,994	$ 3,164	$ 4,511

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	1C. Cybersecurity The Company recognizes the security of our banking operations is critical to protecting our customers, maintaining our reputation and preserving the value of the Company. The Board of Directors, through the Information Technology Steering Committee (ITSC) and Compliance Risk Management Committee (CRMC), provides direction and oversight of the risk management framework of the Company including cybersecurity risks. The ITSC and CRMC establish policies and procedures for the measurement of the effectiveness and efficiency of information security controls related to both design and operations. In general, the Company seeks to address cybersecurity risks through a comprehensive, cross-functional approach that is focused on confidentiality, security and availability of the information that the Company collects and stores by identifying, preventing, and mitigating cybersecurity threats and effectively responding to cyber threats when they occur. The Committees have the authority to conduct or authorize reviews into areas within its scope of responsibility, which is all items impacting information security. The Committees focus on the following: • Promote effective information technology and information security governance. • Critically evaluate and assess the direction and progress of major IT-related projects, IT security decisions, IT priorities, and overall IT and IT security performance. • Review and approve significant IT and information security related policies, including annual changes. • Review and approve IT and information security risk assessments on an annual basis. • Discuss activities and requirements pertaining to the Information Security Program. • Oversee requirements of the Bank’s Vendor Management Policy, including processes for approving third third • Ensure risk assessments and New Vendor Relationship Information is completed for all vendor relationships. • Review and approve risk assessments for significant, critical vendor relationships on an annual basis. • Examine the Bank’s Business Continuity and Disaster Recovery Plan, including updates and testing. • Provide for comprehensive, effective, and, if required, independent audit coverage of IT risks and controls. • Analyze all regulatory examination reports and internal and external audit reports impacting information technology as well as any required responses and/or updates. • Assess the performance of the Committee and the Committee’s role and responsibilities on an annual basis. • Identify, analyze, and determine strategic risk tolerance and/or mitigation direction for compliance risks identified as high and/or those with an increasing risk profile. • Review all regulatory examination reports impacting compliance and/or risk as well as any required responses The Chief Information Officer ("CIO") works collaboratively across the Company to implement a program designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s incident response and recovery plans including an assessment of the potential materiality of any cybersecurity incident. The CIO monitors the prevention, detection, mitigation and remediation of cybersecurity threats and incidents in real time, and report such threats and incidents to the ITSC and CRMC. Management, including the CIO, regularly reviews with the Board of Directors the Company’s cybersecurity programs, material cybersecurity risks and mitigation strategies and provides updates on notable developments in the cybersecurity threat landscape. Additionally, management follows a risk-based escalation process to notify the Board of Directors outside of the cycle of regular updates when an emerging risk or material issue is identified, such as a potentially significant cybersecurity threat or incident.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company leverages regular assessments to identify current and potential threats and vulnerabilities within the Company’s environment. Technical vulnerabilities are identified using automated vulnerability scanning tools, penetration testing, and system management tools, whereas non-technical vulnerabilities are identified via process or procedural reviews. The Company conducts a variety of assessments throughout the year, both internally and through third parties. Vulnerability assessment and penetration tests are performed to provide the Company with an unbiased view of its environment and controls. Vulnerabilities identified during these assessments are inventoried in a centralized tracking system and reported to management on a regular basis. A multi-step approach is applied to identify, report and remediate these vulnerabilities, and the Company adjusts its information security policies, standards, processes and practices as necessary based on the information provided by these assessments. The results of key assessments are reported in summary to the Board of Directors annually.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	In 2024, we did not identify any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company, including with respect to our business strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats or incidents, or provide assurances that we have not experienced an undetected cybersecurity threat or incident. To our knowledge, cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected the Corporation, including its business strategy, results of operations or financial condition. With regard to the possible impact of future cybersecurity threats or incidents, see Item 1A, Risk Factors — Operational Risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Chief Information Officer ("CIO") works collaboratively across the Company to implement a program designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s incident response and recovery plans including an assessment of the potential materiality of any cybersecurity incident. The CIO monitors the prevention, detection, mitigation and remediation of cybersecurity threats and incidents in real time, and report such threats and incidents to the ITSC and CRMC.
Cybersecurity Risk Role of Management [Text Block]	Management, including the CIO, regularly reviews with the Board of Directors the Company’s cybersecurity programs, material cybersecurity risks and mitigation strategies and provides updates on notable developments in the cybersecurity threat landscape. Additionally, management follows a risk-based escalation process to notify the Board of Directors outside of the cycle of regular updates when an emerging risk or material issue is identified, such as a potentially significant cybersecurity threat or incident.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Board of Directors, through the ITSC and CRMC, provides direction and oversight of the enterprise-wide risk management framework of the Company, including the management of risks arising from cybersecurity threats. The Board of Directors review and approve the Information Security Policy. The Board of Directors receives regular presentations which include updates on cybersecurity risks, including the threat environment, evolving standards, projects and initiatives, vulnerability assessments, third-party and independent reviews, technological trends and information security considerations arising with respect to the Company’s peers and third parties. The Board of Directors also receives information regarding any cybersecurity incident that meets established reporting thresholds, as well as ongoing updates regarding any such incident until it has been addressed. On an annual basis, the full Board of Directors discusses the Company’s approach to cybersecurity risk management with the Company’s President.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1 Summary of Significant Accounting Policies The following significant accounting and reporting policies of Waterstone Financial, Inc. and subsidiaries (collectively, the “Company”), conform to U.S. generally accepted accounting principles, or (“GAAP”), and are used in preparing and presenting these consolidated financial statements. Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications did not a) Nature of Operations The Company is a one two The Bank provides a full range of financial services to customers through branch locations in southeastern Wisconsin. The Bank is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. The Bank owns a mortgage banking subsidiary that originates residential real estate loans held for sale at various branch offices across the country. Mortgage banking volume fluctuates widely in connection with movements in interest rates. Mortgage banking income is reported as a single line item in the statements of operations while mortgage banking expense is distributed among the various noninterest expense lines. Compensation, payroll taxes and other employee benefits expense fluctuates in relation to fluctuations in mortgage banking income. b) Principles of Consolidation The consolidated financial statements include the accounts and operations of Waterstone Financial, Inc. and its wholly owned subsidiary, WaterStone Bank. The Bank has the following wholly owned subsidiaries: Wauwatosa Investments, Inc., Waterstone Mortgage Corporation, and Main Street Real Estate Holdings, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation. c) Use of Estimates The preparation of the 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 credit losses, income taxes, and fair value measurements. d) Cash and Cash Equivalents The Company considers federal funds sold and highly liquid debt instruments with a maturity of three e) Securities Available for Sale Securities At the time of purchase, investment debt securities are classified as available for sale, as management has the intent and ability to hold such securities for an indefinite period of time, but not not first Federal Home Loan Bank Stock Federal Home Loan Bank ("FHLB") stock is carried at cost, which is the amount that the stock is redeemable by tendering to the FHLB or the amount at which shares can be sold to other FHLB members. f) Loans Held for Sale The origination of residential real estate loans is an integral component of the business of the Company. The Company generally sells its originations of long-term fixed interest rate mortgage loans in the secondary market, and on a selective basis, retains the rights to service the loans sold. Gains and losses on the sales of these loans are determined using the specific identification method. Mortgage loans originated for sale are generally sold within 45 days after closing. The Company has elected to carry loans held for sale at fair value. Fair value is generally determined by estimating a gross premium or discount, which is derived from pricing currently observable in the market. The amount by which cost differs from market value is accounted for as a valuation adjustment to the carrying value of the loans. Changes in value are included in mortgage banking income in the consolidated statements of operations. Costs to originate loans held for sale are expensed as incurred and are included on the appropriate noninterest expense lines of the statements of operations. Salaries, commissions and related payroll taxes are the primary costs to originate and comprised approximately 76.3% 2024 The value of mortgage loans held for sale and other residential mortgage loan commitments to customers are hedged by utilizing both best efforts and mandatory forward commitments to sell loans to investors in the secondary market. Such forward commitments are generally entered into at the time when applications are taken to protect the value of the mortgage loans from increases in market interest rates during the period held. The Company recognizes revenue associated with the expected future cash flows of servicing loans at the time a forward loan commitment is made. g) Loans Receivable and Related Interest Income Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Loans are carried at the principal amount outstanding, net of any unearned income, charge-offs and unamortized deferred fees and costs. Loan origination and commitment fees and certain direct loan origination costs are deferred and the net amount amortized as an adjustment of the related loan yield. Amortization is based on a level-yield method over the contractual life of the related loans or until the loan is paid in full. Loan interest income is recognized on the accrual basis. Accrual of interest is generally discontinued either when reasonable doubt exists as to the full, timely collection of interest or principal, or when a loan becomes contractually past due 90 no A loan is accounted for as a financing receivable whose borrowers are experiencing financial difficulty if the Company, for economic reasons related to the borrower’s financial condition, grants a concession to the borrower that it would not not h) Allowance for Credit Losses AFS Debt Securities The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL approach utilized by HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASC Topic 326 may no first not not not not The relative importance assigned to each of these factors varies depending on the facts and circumstances pertinent to the individual security being evaluated. If the Company intends to sell a security in an unrealized loss position, or it is more likely than not no not Loans not may not no 180 may not not not Collateral dependent loans not not not Financing receivables whose borrowers are experiencing financial difficulty not Unfunded commitments i) Real Estate Owned Real estate owned consists of properties acquired through, or in lieu of, loan foreclosure. Real estate owned is transferred into the portfolio at estimated net realizable value, which includes selling costs. To the extent that the net carrying value of the loan exceeds the estimated fair value of the property at the date of transfer, the excess is charged to the allowance for loan losses within 90 j) Mortgage Servicing Rights The Company sells residential mortgage loans in the secondary market and, on a selective basis, retains the right to service the loans sold. Upon sale, a mortgage servicing rights asset is capitalized, which represents the then current fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights, when purchased, are initially recorded at fair value. Mortgage servicing rights are amortized over the period of estimated net servicing income, and assessed for impairment at each reporting date. Mortgage servicing rights are carried at the lower of the initial capitalized amount, net of accumulated amortization, or estimated fair value, and are included in other assets in the consolidated statements of financial condition. To the extent that the Company sells mortgage servicing rights, a gain is recognized for the amount of which sale proceeds exceed the remaining unamortized cost of the servicing rights that were sold. Gains on sale of mortgage servicing rights are included in other noninterest income in the consolidated statements of operations. k) Cash Surrender Value of Life Insurance The Company purchases bank owned life insurance on the lives of certain employees. The Company is the beneficiary of the life insurance policies. The cash surrender value of life insurance is reported at the amount that would be received in cash if the polices were surrendered. Increases in the cash value of the policies and proceeds of death benefits received are recorded in noninterest income. The increase in cash surrender value of life insurance is not l) Office Properties and Equipment Office properties and equipment, including leasehold improvements and software, are stated at cost, net of depreciation and amortization. Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the lease term, if shorter than the estimated useful life. Maintenance and repairs are charged to expense as incurred, while additions or major improvements are capitalized and depreciated over their estimated useful lives. Estimated useful lives of the assets are 10 to 30 years for office properties, three three m) Income Taxes The Company and its subsidiaries file consolidated federal and combined state income tax returns. The provision for income taxes is based upon income in the consolidated financial statements, rather than amounts reported on the income tax returns. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. The Company evaluates the realizability of its deferred tax assets on a quarterly basis. Under generally accepted accounting principles, a valuation allowance is required to be recognized if it is “more likely than not” not Positions taken in the Company’s tax returns may not 50% n) Earnings Per Share Earnings per share (EPS) are computed using the two o) Comprehensive Income (Loss) Comprehensive income (loss) is the total of reported net income and changes in unrealized gains or losses, net of tax (or benefit), on securities available for sale. p) Employee Stock Ownership Plan (ESOP) Compensation expense under the ESOP is equal to the fair value of common shares released or committed to be released to participants in the ESOP in each respective period. Common stock purchased by the ESOP and not q) Share Repurchases The Company has a share repurchase program. Repurchases under the repurchase program may no may r) Revenue Recognition ASC 606, 606” The majority of the Company's revenue-generating transactions are not 606, Descriptions of the Company's revenue-generating activities that are within the scope of ASC 606, Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed, which is generally monthly for account maintenance services or when a transaction has been completed (such as a stop payment). Payments for these activities are generally received at the time the performance obligations are satisfied. Other non-interest income includes items such as bank owned life insurance income, dividends on FHLB stock and other general operating income, none 606. s) Impact of Recent Accounting Pronouncements Accounting Standards Adopted in 2024 The Company adopted "Segment Reporting (Topic 280 2023 07 January 1, 2024, 2023 07 2024 2025. Accounting Standards Adopted in 2023 The Company adopted "Troubled Debt Restructurings and Vintage Disclosures" under ASC Topic 326 January 1, 2023, 3 326 not Accounting Standards Adopted in 2022 The Company adopted ASC Topic 326 January 1, 2022 , January 1, 2022 ( January 1, 2022 . The Company did not January 1, 2022 2 3

Note 2 - Securities Available f

Note 2 - Securities Available for Sale	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	2 Securities Securities Available for Sale The amortized cost and fair value of the Company’s investment in securities follow: December 31, 2024 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 11,285 $ - $ (1,674 ) $ 9,611 Collateralized mortgage obligations: Government sponsored enterprise issued 151,200 77 (19,541 ) 131,736 Private-label issued 7,122 - (722 ) 6,400 Mortgage-related securities 169,607 77 (21,937 ) 147,747 Government sponsored enterprise bonds 2,500 - (60 ) 2,440 Municipal securities 48,023 383 (1,330 ) 47,076 Other debt securities 12,500 - (1,214 ) 11,286 Debt securities 63,023 383 (2,604 ) 60,802 Total $ 232,630 $ 460 $ (24,541 ) $ 208,549 December 31, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 12,651 $ 5 $ (1,475 ) $ 11,181 Collateralized mortgage obligations: Government sponsored enterprise issued 152,700 212 (19,445 ) 133,467 Private-label issued 8,061 - (801 ) 7,260 Mortgage-related securities 173,412 217 (21,721 ) 151,908 Government sponsored enterprise bonds 2,500 - (152 ) 2,348 Municipal securities 39,304 980 (796 ) 39,488 Other debt securities 12,500 - (1,337 ) 11,163 Debt securities 54,304 980 (2,285 ) 52,999 Total $ 227,716 $ 1,197 $ (24,006 ) $ 204,907 The Company’s mortgage-backed securities and collateralized mortgage obligations issued by government sponsored enterprises are guaranteed by one December 31, 2024 December 31, 2023 The amortized cost and fair value of securities at December 31, 2024 may may December 31, 2024 Amortized cost Fair value (In Thousands) Debt and other securities Due within one year $ 8,088 $ 8,034 Due after one year through five years 4,077 4,177 Due after five years through ten years 29,457 28,150 Due after ten years 21,401 20,441 Mortgage-related securities 169,607 147,747 Total $ 232,630 $ 208,549 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: December 31, 2024 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 $ 346 $ 9 $ 9,193 $ 1,665 $ 9,539 $ 1,674 Collateralized mortgage obligations: Government sponsored enterprise issued 21,145 330 95,587 19,211 116,732 19,541 Private-label issued - - 5,445 722 5,445 722 Government sponsored enterprise bonds - - 2,440 60 2,440 60 Municipal securities 20,005 334 5,063 996 25,068 1,330 Other debt securities - - 11,286 1,214 11,286 1,214 Total $ 41,496 $ 673 $ 129,014 $ 23,868 $ 170,510 $ 24,541 December 31, 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 $ 215 $ 1 $ 10,682 $ 1,474 $ 10,897 $ 1,475 Collateralized mortgage obligations: Government sponsored enterprise issued 2,442 42 110,271 19,403 112,713 19,445 Private-label issued - - 6,250 801 6,250 801 Government sponsored enterprise bonds - - 2,348 152 2,348 152 Municipal securities 7,597 36 5,808 760 13,405 796 Other debt securities - - 11,163 1,337 11,163 1,337 Total $ 10,254 $ 79 $ 146,522 $ 23,927 $ 156,776 $ 24,006 The Company reviews the investment securities portfolio on a quarterly basis to monitor securities in unrealized loss positions, which were comprised of 182 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 December 31, 2024 December 31, 2023 no not not not not not During the years ended December 31, 2024 2023 2022 no

Note 3 - Loans Receivable

Note 3 - Loans Receivable	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3 Loans Receivable Loans receivable at December 31, 2024 2023 December 31, 2024 2023 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 516,128 $ 551,190 Multi family 741,428 707,566 Home equity 13,188 13,228 Construction and land 61,427 53,371 Commercial real estate 313,494 300,892 Consumer 825 848 Commercial loans 34,086 37,120 Total loans receivable $ 1,680,576 $ 1,664,215 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 $1.23 billion were pledged as collateral against $443.6 million and $1.25 billion were pledged as collateral against $464.0 million in outstanding Federal Home Loan Bank of Chicago advances under a blanket security agreement at December 31, 2024 December 31, 2023 An analysis of past due loans receivable as of December 31, 2024 2023 As of December 31, 2024 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Past Due Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 9,107 $ 1,405 $ 3,955 $ 14,467 $ 501,661 $ 516,128 Multi family 183 - - 183 741,245 741,428 Home equity 194 - 30 224 12,964 13,188 Construction and land - - - - 61,427 61,427 Commercial real estate 248 - - 248 313,246 313,494 Consumer - - - - 825 825 Commercial loans - - - - 34,086 34,086 Total $ 9,732 $ 1,405 $ 3,985 $ 15,122 $ 1,665,454 $ 1,680,576 As of December 31, 2023 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Past Due Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 5,265 $ 1,283 $ 4,270 $ 10,818 $ 540,372 $ 551,190 Multi family - 6 - 6 707,560 707,566 Home equity 209 - 34 243 12,985 13,228 Construction and land - - - - 53,371 53,371 Commercial real estate 54 - 129 183 300,709 300,892 Consumer - - - - 848 848 Commercial loans - - - - 37,120 37,120 Total $ 5,528 $ 1,289 $ 4,433 $ 11,250 $ 1,652,965 $ 1,664,215 ( 1 Includes $522,000 and $193,000 for December 31, 2024 2023 ( 2 Includes $1.1 million and $11,000 for December 31, 2024 2023 ( 3 Includes $28,000 and $171,000 for December 31, 2024 2023 The Company currently manages the loan portfolios and the respective exposure to credit losses (credit risk) by the following specific portfolio segments, which are levels at which we develop and document our systematic methodology to determine the allowance for credit losses attributable to each respective portfolio segment. These segments are as follows: One- to four Multi family residential real estate loans – Multi family real estate loans consist of multifamily rentals with a history of occupancy and cash flow. This segment includes both internally originated and purchased participation loans. These loans carry the risk of adverse changes in the local economy and a tenant’s deteriorating credit strength, lease expirations in soft markets and sustained vacancies, which can adversely impact cash flow. Home equity residential mortgage loans – This segment includes sub-segment for senior lien and subordinate lien lines of credit. Credit risk is similar to residential real estate loans described above as it is subject to the borrower’s continuing financial stability and the value of the collateral securing the loan. Construction and land loans – Construction and land loans are intended to finance the construction of commercial and residential properties, including the construction of single-family dwellings, and also includes loans for the acquisition and development of land. Construction lending generally involves a greater degree of risk than other residential mortgage lending. The repayment of the construction loan is, to a great degree, dependent upon the successful and timely completion of the construction of the subject property within specified cost limits. The Company completes inspections during the construction phase prior to any disbursements. The Company limits its risk during the construction as disbursements are not may Commercial real estate loans – Commercial real estate loans consist of non-owner occupied properties, such as investment properties for retail, and office with a history of occupancy and cash flow. This segment includes both internally originated loans. Commercial real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Payments on these loans depend to a large degree on the results of operations and management of the properties or underlying businesses, and may Consumer loans – This segment of loans includes primarily installment loans and personal lines of credit. Consumer loans generally involve greater credit risk than residential mortgage loans because of the difference in the nature of the underlying collateral. Repossessed collateral for a defaulted consumer loan may not not Commercial loans – Commercial loans are made to provide funds for equipment and general corporate needs, as well as to finance owner-occupied real estate. Repayment of these loans primarily uses the funds obtained from the operation of the borrower’s business. Commercial loans also include lines of credit that are utilized to finance a borrower’s short-term credit needs and/or to finance a percentage of eligible receivables and inventory. This segment includes both internally originated and purchased participation loans. Credit risk arises from the successful operation of the business, which may As of December 31, 2024 December 31, 2023 no 90 A summary of the activity for the years ended December 31, 2024, 2023 2022 One- to Four- Family Multi Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Year ended December 31, 2024 Balance at beginning of period $ 6,886 $ 7,318 $ 211 $ 983 $ 2,561 $ 56 $ 534 $ 18,549 Provision (credit) for credit losses - loans (1,708 ) (249 ) 1 218 1,357 107 (68 ) (342 ) Charge-offs (3 ) - - - (1 ) (84 ) - (88 ) Recoveries 111 10 - 4 3 - - 128 Balance at end of period $ 5,286 $ 7,079 $ 212 $ 1,205 $ 3,920 $ 79 $ 466 $ 18,247 Year ended December 31, 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 $ 2,259 $ (665 ) $ 33 $ (372 ) $ (641 ) $ 46 $ 267 $ 927 Charge-offs (168 ) - - - - (37 ) - (205 ) Recoveries 52 8 4 3 3 - - 70 Balance at end of period 6,886 7,318 211 983 2,561 56 534 18,549 Year ended December 31, 2022 Balance at beginning of period 3,963 5,398 89 1,386 4,482 33 427 15,778 Adoption of CECL (1) $ 88 $ 100 $ 58 $ 886 $ (640 ) $ 7 $ (69 ) $ 430 Provision (credt) for loan losses 918 1,750 9 (923 ) (656 ) 23 (91 ) 1,030 Charge-offs (304 ) - - - - (16 ) - (320 ) Recoveries 78 727 18 3 13 - - 839 Balance at end of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757 ( 1 2016 13 January 1, 2022. 2021 The Company utilized the Vintage Loss Rate method in determining expected future credit losses for each of the loan categories except for the Construction and Consumer categories. 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. 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. 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 2012 not may 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, along with other credit–related analytics as deemed appropriate. 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 were utilized to reflect the forecast and other relevant factors. 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 December 31, 2024 December 31, 2023 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 unfunded commitment 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 Years ended December 31, 2024 2023 2022 (In Thousands) Provision (credit) for credit losses - loans on: Loans $ (342 ) $ 927 $ 1,030 Unfunded commitments 174 (271 ) (62 ) Investment securities - - - Total $ (168 ) $ 656 $ 968 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 as of the year ended December 31, 2024 December 31, 2023 December 31, 2024 2023 (In Thousands) Collateral dependent loans Residential real estate: One- to four-family 3,323 2,209 Multi family - - Home equity 150 90 Construction and land - - Commercial real estate 5,015 5,493 Consumer - - Commercial loans 1,605 1,536 Total loans receivable 10,093 9,328 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 $1.0 one four one 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 December 31, 2024 2023 One- to Four- Family Multi Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At December 31, 2024 Substandard $ 5,515 $ - $ 150 $ - $ 11,721 $ - $ 1,605 $ 18,991 Watch 9,675 $ 183 $ - $ 143 $ 743 $ - $ 75 $ 10,819 Pass 500,938 741,245 13,038 61,284 301,030 825 32,406 1,650,766 Total $ 516,128 $ 741,428 $ 13,188 $ 61,427 $ 313,494 $ 825 $ 34,086 $ 1,680,576 At December 31, 2023 Substandard $ 4,503 $ - $ 90 $ - $ 5,492 $ - $ 1,536 $ 11,621 Watch 7,585 383 - - - - - 7,968 Pass 539,102 707,183 13,138 53,371 295,400 848 35,584 1,644,626 Total 551,190 707,566 13,228 53,371 300,892 848 37,120 1,664,215 Credit Quality Information: The following table presents total loans by risk categories and year of origination as of December 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Total (In Thousands) One- to four-family Pass $ 33,349 $ 172,934 $ 146,069 $ 41,704 $ 26,323 $ 79,948 $ 611 $ 500,938 Watch 7,504 106 1,286 - 72 707 - 9,675 Substandard 1,673 815 453 - - 2,574 - 5,515 Total 42,526 173,855 147,808 41,704 26,395 83,229 611 516,128 Multi-family Pass $ 81,119 $ 138,231 $ 196,939 $ 125,252 $ 108,779 $ 90,155 $ 770 $ 741,245 Watch - 183 - - - - - 183 Substandard - - - - - - - - Total 81,119 138,414 196,939 125,252 108,779 90,155 770 741,428 Home equity Pass $ 379 $ 478 $ 1,578 $ 149 $ 91 $ 226 $ 10,137 $ 13,038 Watch - - - - - - - - Substandard - - 16 14 - - 120 150 Total 379 478 1,594 163 91 226 10,257 13,188 Construction and land Pass $ 23,029 $ 25,384 $ - $ 9,144 $ 1,501 $ 2,226 $ - $ 61,284 Watch - - 143 - - - - 143 Substandard - - - - - - - - Total 23,029 25,384 143 9,144 1,501 2,226 - 61,427 Commercial Real Estate Pass $ 63,660 $ 66,980 $ 51,175 $ 58,574 $ 30,699 $ 29,289 $ 653 $ 301,030 Watch 208 - 407 - 128 - - 743 Substandard 11,484 237 - - - - - 11,721 Total 75,352 67,217 51,582 58,574 30,827 29,289 653 313,494 Consumer Pass $ - $ - $ - $ - $ - $ - $ 825 $ 825 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 825 825 Commercial Pass $ 948 $ 17,011 $ 1,240 $ 553 $ 2,062 $ 5,135 $ 5,457 $ 32,406 Watch - - - - - - 75 75 Substandard - - 30 - - - 1,575 1,605 Total 948 17,011 1,270 553 2,062 5,135 7,107 34,086 Total loans $ 223,353 $ 422,359 $ 399,336 $ 235,390 $ 169,655 $ 210,260 $ 20,223 $ 1,680,576 Gross charge-offs $ 3 $ - $ - $ - $ - $ 1 $ 84 $ 88 The following table presents total loans by risk categories and year of origination as of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total (In Thousands) One- to four-family Pass $ 196,255 $ 166,555 $ 46,378 $ 33,295 $ 19,966 $ 75,726 $ 927 $ 539,102 Watch 5,093 713 - - - 1,779 - 7,585 Substandard 1,450 353 - - - 2,700 - 4,503 Total 202,798 167,621 46,378 33,295 19,966 80,205 927 551,190 Multi-family Pass 122,289 214,074 135,823 117,669 44,878 71,632 818 707,183 Watch 191 6 - - - 186 - 383 Substandard - - - - - - - - Total 122,480 214,080 135,823 117,669 44,878 71,818 818 707,566 Home equity Pass 1,084 255 161 98 87 342 11,111 13,138 Watch - - - - - - - - Substandard - 18 17 - - - 55 90 Total 1,084 273 178 98 87 342 11,166 13,228 Construction and land Pass 38,079 1,348 9,349 2,146 2,255 194 - 53,371 Watch - - - - - - - - Substandard - - - - - - - - Total 38,079 1,348 9,349 2,146 2,255 194 - 53,371 Commercial Real Estate Pass 70,677 76,067 62,922 33,436 19,250 31,673 1,375 295,400 Watch - - - - - - - - Substandard 5,277 129 - 86 - - - 5,492 Total 75,954 76,196 62,922 33,522 19,250 31,673 1,375 300,892 Consumer Pass - - - - - - 848 848 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 848 848 Commercial Pass 17,019 1,631 904 2,668 80 5,435 7,847 35,584 Watch - - - - - - - - Substandard - 48 - - 13 - 1,475 1,536 Total 17,019 1,679 904 2,668 93 5,435 9,322 37,120 Total Loans $ 457,414 $ 461,197 $ 255,554 $ 189,398 $ 86,529 $ 189,667 $ 24,456 $ 1,664,215 Gross charge-offs 168 0 0 0 0 0 37 205 The following presents data on restructurings of financing receivables whose borrowers are experiencing financial difficulty: As of December 31, 2023 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 543 2 $ 543 2 $ - - $ 543 2 $ 543 2 Financing receivables whose borrowers are experiencing financial difficulty involve granting concessions to a borrower experiencing financial difficulty by modifying the terms of the loan in an effort to avoid foreclosure. Typical restructured terms include six twelve no All loans that have been modified in a financing receivable whose borrowers are experiencing financial difficulty are considered to be impaired. As such, an analysis has been performed with respect to all of these loans to determine the need for an ACL. When a loan is expected to perform in accordance with the restructured terms and ultimately return to and perform under contract terms, a valuation allowance is established equal to the excess of the present value of the expected future cash flows under the original contract terms as compared with the modified terms, including an estimated default rate. When there is doubt as to the borrower’s ability to perform under the restructured terms or ultimately return to and perform under market terms, an ACL is established equal to the impairment when the carrying amount exceeds fair value of the underlying collateral. If an updated credit department review indicates no six The following presents restructurings of financing receivables whose borrowers are experiencing financial difficulty by concession type: As of December 31, 2023 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forebearance $ - - $ - - $ - - Interest reduction 15 1 - - 15 1 Principal forebearance 528 1 - - 528 1 Total $ 543 2 $ - - $ 543 2 There were no December 31, 2024 one December 31, 2023 There were no twelve December 31, 2024 2023 The following table presents data on non-accrual loans: As of December 31, 2024 2023 (Dollars in Thousands) Residential One- to four-family $ 5,515 $ 4,503 Multi family - - Home equity 150 90 Construction and land - - Commercial real estate - 215 Commercial - - Consumer - - Total non-accrual loans $ 5,665 $ 4,808 Total non-accrual loans to total loans 0.34 % 0.29 % Total non-accrual loans to total assets 0.26 % 0.22 % Residential one four December 31, 2024 December 31, 2023

Note 4 - Office Properties and

Note 4 - Office Properties and Equipment	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4 Office Properties and Equipment Office properties and equipment are summarized as follows: December 31, 2024 2023 (In Thousands) Land $ 7,454 $ 7,454 Office buildings and improvements 33,468 34,275 Furniture and equipment 13,295 12,990 Total 54,217 54,719 Less accumulated depreciation (34,828 ) (34,724 ) Total, net $ 19,389 $ 19,995 Depreciation of premises and equipment totaled $1.6 million, $1.7 million and $1.8 million for the years ended December 31, 2024, 2023 2022

Note 5 - Mortgage Servicing Rig

Note 5 - Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Transfers and Servicing of Financial Assets [Text Block]	5 Mortgage Servicing Rights The following table presents the activity related to the Company’s mortgage servicing rights included in prepaid expenses and other assets on the consolidated statement of financial condition: Year ended December 31, 2024 2023 (In Thousands) Mortgage servicing rights at beginning of the year $ 1,811 $ 3,444 Additions 850 1,773 Amortization (291 ) (319 ) Sales (1,958 ) (2,767 ) Mortgage servicing rights at end of the year 412 2,131 Valuation allowance recovered during the year 320 (320 ) Mortgage servicing rights at the end of the year, net $ 732 $ 1,811 The unpaid principal balance of loans serviced for others was $83.4 million and $238.7 million at December 31, 2024 December 31, 2023 not The fair value of mortgage servicing rights was $807,000 at December 31, 2024 December 31, 2023 During the year ended December 31, 2024 third December 31, 2023 third $3.5 $583,000 . The following table shows the estimated future amortization expense for mortgage servicing rights at December 31, 2024 December 31 (In Thousands) 2025 $ 132 2026 120 2027 107 2028 93 2029 80 Thereafter 200 Total $ 732

Note 6 - Deposits

Note 6 - Deposits	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	6 Deposits The aggregate amount of time deposit accounts with the portion of the account balances that are greater than $250,000 December 31, 2024 2023 A summary of interest expense on deposits is as follows: Years ended December 31, 2024 2023 2022 (In Thousands) Interest-bearing demand deposits $ 98 $ 82 $ 61 Money market and savings deposits 5,654 4,529 1,201 Time deposits 34,821 21,127 3,601 $ 40,573 $ 25,738 $ 4,863 A summary of the contractual maturities of time deposits at December 31, 2024 (In Thousands) Within one year $ 842,390 More than one to two years 60,554 More than two to three years 1,906 More than three to four years 366 More than four through five years 323 $ 905,539 We held related party deposits of $11.3 million at December 31, 2024 December 31, 2023

Note 7 - Borrowings

Note 7 - Borrowings	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	7 Borrowings Borrowings consist of the following: December 31, 2024 Category Term Amount Maturity Rate Rate Type Callable/Putable Settlement Date Frequency (Dollars in Thousands) FHLB advances Long-term $ 10,000 December 3, 2027 3.48 % Fixed Putable December 3, 2024 Monthly Long-term 10,000 December 6, 2027 3.47 % Fixed Putable December 4, 2024 Monthly Long-term 10,000 December 10, 2027 3.49 % Fixed Putable December 10, 2024 Monthly Long-term 50,000 December 14, 2027 1.73 % Fixed N/A December 14, 2017 N/A Long-term 10,000 May 15, 2029 3.54 % Fixed Putable May 15, 2024 Monthly Long-term 10,000 June 4, 2029 3.55 % Fixed Putable June 4, 2024 Monthly Long-term 10,000 June 5, 2029 3.48 % Fixed Putable June 5, 2024 Monthly Long-term 10,000 June 14, 2029 3.43 % Fixed Putable June 14, 2024 Monthly Long-term 10,000 June 18, 2029 3.47 % Fixed Putable June 18, 2024 Monthly Long-term 10,000 July 9, 2029 3.40 % Fixed Putable July 8, 2024 Monthly Long-term 10,000 July 12, 2029 3.35 % Fixed Putable July 12, 2024 Monthly Total FHLB long-term advances $ 150,000 2.89 % Short-Term 80,300 January 2, 2025 4.44 % Fixed N/A N/A N/A Short-Term 16,000 January 6, 2025 4.59 % Fixed N/A N/A N/A Short-Term 27,453 January 6, 2025 4.59 % Fixed N/A N/A N/A Short-Term 10,000 January 6, 2025 3.53 % Fixed N/A N/A N/A Short-Term 13,600 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 28,500 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 12,300 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 9,900 January 16, 2025 4.41 % Fixed N/A N/A N/A Short-Term 2,000 January 17, 2025 4.40 % Fixed N/A N/A N/A Short-Term 20,700 January 21, 2025 4.39 % Fixed N/A N/A N/A Short-Term 15,500 January 23, 2025 4.36 % Fixed N/A N/A N/A Short-Term 20,000 January 29, 2025 4.74 % Fixed N/A N/A N/A Short-Term 11,300 March 17, 2025 4.41 % Fixed N/A N/A N/A Short-Term 26,000 October 1, 2025 3.95 % Fixed N/A N/A N/A Total FHLB short-term advances $ 293,553 4.41 % Total FHLB advances $ 443,553 3.89 % Repurchase agreements Revolving $ 2,966 N/A 7.49 % Variable N/A N/A N/A Total borrowings $ 446,519 3.92 % December 31, 2023 Category Term Amount Maturity Rate Rate Type Callable/Putable Settlement Date Frequency (Dollars in Thousands) FHLB advances Long-term $ 50,000 December 14, 2027 1.73 % Fixed N/A December 14, 2017 N/A Long-term 10,000 August 7, 2028 3.51 % Fixed Putable December 7, 2023 Quarterly Long-term 10,000 August 8, 2028 3.52 % Fixed Putable December 8, 2023 Quarterly Long-term 10,000 October 10, 2028 3.49 % Fixed Putable November 10, 2023 Quarterly Long-term 10,000 October 10, 2028 3.49 % Fixed Putable November 10, 2023 Quarterly Long-term 10,000 November 3, 2028 3.46 % Fixed Putable December 4, 2023 Quarterly Long-term 10,000 November 6, 2028 3.47 % Fixed Putable December 6, 2023 Quarterly Long-term 15,000 November 14, 2028 3.39 % Fixed Putable December 14, 2023 Quarterly Long-term 10,000 November 29, 2028 3.38 % Fixed Putable December 29, 2023 Quarterly Long-term 10,000 November 29, 2028 3.43 % Fixed Putable January 29, 2024 Quarterly Long-term 10,000 December 4, 2028 3.31 % Fixed Putable January 4, 2023 Quarterly Total FHLB long-term advances 155,000 2.89 % Short-term 60,000 January 2, 2024 5.44 % Fixed N/A N/A N/A Short-term 20,000 January 2, 2024 5.45 % Fixed N/A N/A N/A Short-term 20,000 January 5, 2024 5.48 % Fixed N/A N/A N/A Short-term 20,500 January 8, 2024 5.38 % Fixed N/A N/A N/A Short-term 18,000 January 8, 2024 5.38 % Fixed N/A N/A N/A Short-term 14,000 January 16, 2024 5.49 % Fixed N/A N/A N/A Short-term 21,000 January 22, 2024 5.36 % Fixed N/A N/A N/A Short-term 33,000 January 29, 2024 5.36 % Fixed N/A N/A N/A Short-term 27,500 February 20, 2024 5.41 % Fixed N/A N/A N/A Short-term 27,000 February 27, 2024 5.42 % Fixed N/A N/A N/A Short-term 24,500 March 13, 2024 5.39 % Fixed N/A N/A N/A Short-term 23,500 December 29, 2024 4.79 % Fixed N/A N/A N/A Total FHLB short-term advances 309,000 5.37 % Total FHLB advances 464,000 4.54 % Short-Term Borrowings Federal reserve bank Short-term $ 145,000 December 31, 2024 4.83 % Fixed N/A N/A N/A Total Federal reserve bank $ 145,000 4.83 % Repurchase agreements Revolving $ 2,054 N/A 8.20 % Variable N/A N/A N/A Total short-term borrowings $ 147,054 4.88 % Total borrowings $ 611,054 4.62 % The short-term repurchase agreement represents the outstanding portion of a total $50.0 million commitment with one December 31, 2024 December 31, 2023 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 Company selects loans that meet underwriting criteria established by the Federal Home Loan Bank Chicago (FHLBC) as collateral for outstanding advances. The Company’s borrowings at the FHLBC are limited to 76% of the carrying value of unencumbered one four four December 31, 2024 December 31, 2023

Note 8 - Regulatory Capital

Note 8 - Regulatory Capital	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	8 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 condition and results of operations. 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 December 31, 2024 no The Bank is subject to regulatory restrictions on the amount of dividends it may not The actual and required capital amounts and ratios as of December 31, 2024 2023 December 31, 2024 Minimum Capital To Be Well-Capitalized For Capital Adequacy with Under Prompt Corrective Actual Adequacy Purposes Capital Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 376,624 20.90 % 144,162 8.00 % 189,213 10.50 % N/A N/A Waterstone Bank 365,634 20.29 % 144,167 8.00 % 189,220 10.50 % 180,209 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 357,135 19.81 % 108,168 6.00 % 153,238 8.50 % N/A N/A Waterstone Bank 346,145 19.21 % 108,126 6.00 % 153,178 8.50 % 144,168 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 357,135 19.81 % 81,126 4.50 % 126,196 7.00 % N/A N/A Waterstone Bank 346,145 19.21 % 81,094 4.50 % 126,147 7.00 % 117,136 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 357,135 16.04 % 89,061 4.00 % N/A N/A N/A N/A Waterstone Bank 346,145 15.55 % 89,041 4.00 % N/A N/A 111,301 5.00 % State of Wisconsin (to total assets) Waterstone Bank 346,145 15.68 % 132,453 6.00 % N/A N/A N/A N/A December 31, 2023 (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 380,351 21.50 % 141,538 8.00 % 185,769 10.50 % N/A N/A Waterstone Bank 355,476 20.10 % 141,515 8.00 % 185,738 10.50 % 176,893 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 360,734 20.39 % 106,154 6.00 % 150,385 8.50 % N/A N/A Waterstone Bank 335,859 18.99 % 106,117 6.00 % 150,332 8.50 % 141,489 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 360,734 20.39 % 79,615 4.50 % 123,846 7.00 % N/A N/A Waterstone Bank 335,859 18.99 % 79,587 4.50 % 123,803 7.00 % 114,960 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 360,734 16.77 % 86,043 4.00 % N/A N/A N/A N/A Waterstone Bank 335,859 15.62 % 86,007 4.00 % N/A N/A 107,509 5.00 % State of Wisconsin (to total assets) Waterstone Bank 335,859 15.20 % 132,576 6.00 % N/A N/A N/A N/A

Note 9 - Stock Based Compensati

Note 9 - Stock Based Compensation	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	9 Stock Based Compensation Stock-Based Compensation Plan In 2020, 2020 ten not A total of 750,000 stock options and 500,000 restricted shares were approved for award. A total of 605,000 stock options and 364,000 restricted stock were available to be issued as of December 31, 2024 Accounting for Stock-Based Compensation Plan The fair value of stock options granted is estimated on the grant date using a Black-Scholes pricing model. The fair value of restricted shares is equal to the quoted NASDAQ market closing price on the date of grant. The fair value of stock grants is recognized as compensation expense on a straight-line basis over the vesting period of the grants. Compensation expense is included in compensation, payroll taxes and other employee benefits in the consolidated statements of income. Assumptions are used in estimating the fair value of stock options granted. The weighted average expected life of the stock options represents the period of time that the options are expected to be outstanding and is based on the historical results from the previous awards. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected volatility is based on the actual volatility of Waterstone Financial, Inc. stock for the weighted average life time period prior to issuance date. The following assumptions were used in estimating the fair value of options granted in the years ended December 31, 2024 2023 2024 2023 Minimum Maximum Minimum Maximum Dividend yield 2.99 % 5.19 % 4.22 % 6.27 % Risk-free interest rate 3.58 % 4.63 % 3.52 % 4.62 % Expected volatility 26.67 % 27.81 % 23.81 % 25.42 % Weighted average expected life 5.1 5.7 5.1 5.7 Weighted average per share value of options 2.01 2.99 1.58 2.52 The Company's policy is to adjust compensation expense at the time of actual stock grant forfeiture. A summary of the Company’s stock option activity for the years ended December 31, 2024, 2023 2022 Weighted Average Aggregate Weighted Average Years Remaining in Intrinsic Value Stock Options Shares Exercise Price Contractual Term (000's) Outstanding December 31, 2021 594,310 $ 14.20 4.33 $ 4,158 Options exercisable at December 31, 2021 352,310 13.70 3.78 $ 2,636 Granted 35,000 18.38 $ 2 Exercised (44,690 ) 12.62 198 Forfeited (29,001 ) 18.82 1 Outstanding December 31, 2022 555,619 14.35 3.41 $ 1,708 Options exercisable at December 31, 2022 409,119 13.76 2.59 $ 1,408 Granted 40,000 14.20 $ 15 Exercised (64,219 ) 12.75 93 Forfeited (21,000 ) 19.24 - Outstanding December 31, 2023 510,400 14.34 3.17 $ 473 Options exercisable at December 31, 2023 425,400 13.92 2.08 $ 454 Granted 55,000 12.66 $ 63 Exercised (129,868 ) 12.79 85 Forfeited (15,000 ) 13.66 11 Outstanding December 31, 2024 420,532 14.62 3.48 $ 188 Options exercisable at December 31, 2024 325,190 14.51 2.02 $ 141 The following table summarizes information about the Company's stock options outstanding at December 31, 2024 Options Outstanding Weighted Average Exercise Price Remaining Life (Years) Options Exercisable Weighted Average Exercise Price Remaining Life (Years) Range of Exercise Prices: $0.01 - $10.00 - $ - - - $ - - $10.01 - $15.00 290,532 13.00 2.81 226,190 12.94 1.05 $15.01 - $20.00 115,000 17.80 4.71 90,000 17.78 3.96 Over $20.01 15,000 21.50 6.89 9,000 21.50 6.89 Total 420,532 $ 14.62 3.48 325,190 $ 14.51 2.02 The following table summarizes information about the Company’s nonvested stock option activity for the years ended December 31, 2024 2023 Weighted Average Stock Options Shares Grant Date Fair Value Nonvested at December 31, 2022 146,500 $ 2.90 Granted 40,000 1.82 Vested (88,500 ) 3.16 Forfeited (13,000 ) 2.55 Nonvested at December 31, 2023 85,000 2.17 Nonvested at December 31, 2023 85,000 2.17 Granted 55,000 2.33 Vested (30,658 ) 2.21 Forfeited (14,000 ) 2.20 Nonvested at December 31, 2024 95,342 2.35 The Company amortizes the expense related to stock options as compensation expense over the vesting period. Expense for the stock options granted of $75,000, $107,000 and $342,000 was recognized during the years ended December 31, 2024, 2023 2022 December 31, 2024 The following table summarizes information about the Company’s restricted stock shares activity for the years ended December 31, 2024 2023 Weighted Average Restricted Stock Shares Grant Date Fair Value Nonvested at December 31, 2022 45,099 $ 19.84 Granted 21,982 16.02 Vested (1,288 ) 19.80 Forfeited - - Nonvested at December 31, 2023 65,793 18.56 Nonvested at December 31, 2023 65,793 18.56 Granted 69,302 12.33 Vested (38,231 ) 16.69 Forfeited (2,005 ) 20.75 Nonvested at December 31, 2024 94,859 14.72 The Company amortizes the expense related to restricted stock awards as compensation expense over the vesting period. Expense for the restricted stock awards of $240,000, $170,000 and $242,000 was recorded for the years ended December 31, 2024, 2023 2022 December 31, 2024

Note 10 - Employee Benefit Plan

Note 10 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	10 Employee Benefit Plans The Company has two 401 18 18 first may December 31, 2024, 2023 2022

Note 11 - Employee Stock Owners

Note 11 - Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	11 Employee Stock Ownership Plan All WaterStone Bank employees are eligible to participate in the WaterStone Bank Employee Stock Ownership Plan (the “Plan”) after they attain 21 12 1,000 During the year ended December 31, 2005, December 31, 2014, 2005 not one twentieth 20 December 31, 2014. December 31, 2024, 2023 2022 The aggregate activity in the number of unearned ESOP shares, considering the allocation of those shares committed to be released as of December 31, 2024 2023 2024 2023 Beginning ESOP shares 1,053,781 1,159,159 Shares committed to be released (105,378 ) (105,378 ) Unreleased shares 948,403 1,053,781 Fair value of unreleased shares (in millions) $ 12.7 $ 15.0

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12 Income Taxes The provision for income taxes for the year ended December 31, 2024, 2023 2022 Years ended December 31, 2024 2023 2022 (In Thousands) Current: Federal $ 3,866 $ 2,274 $ 4,731 State (49 ) 456 745 3,817 2,730 5,476 Deferred: Federal 215 (523 ) (460 ) State 765 (550 ) (24 ) 980 (1,073 ) (484 ) Valuation Allowance: Available for sale securities, net 517 - - Total $ 5,314 $ 1,657 $ 4,992 The income tax provisions differ from that computed at the Federal statutory corporate tax rate for the years ended December 31, 2024, 2023 2022 Years ended December 31, 2024 2023 2022 (Dollars in Thousands) Income before income taxes $ 24,002 $ 11,032 $ 24,479 Tax at Federal statutory rate ( 21 5,040 2,317 5,141 Add (deduct) effect of: State income taxes net of Federal income tax (benefit) expense (1,301 ) (74 ) 570 Cash surrender value of life insurance (413 ) (359 ) (365 ) Non-deductible ESOP and stock option expense 65 73 167 Tax-exempt interest income (245 ) (205 ) (159 ) Non-deductible compensation - 87 37 Death benefit on bank owned life insurance (57 ) (8 ) (71 ) Stock compensation (32 ) - (69 ) ESOP dividends (126 ) (168 ) (273 ) Valuation allowance - available for sale securities 517 - - Valuation allowance - other temporary differences 1,867 - - Other (1 ) (6 ) 14 Income tax provision $ 5,314 $ 1,657 $ 4,992 Effective tax rate 22.1 % 15.0 % 20.4 % The significant components of the Company’s net deferred tax assets (liabilities) included in prepaid expenses and other assets are as follows at December 31, 2024 2023 December 31, 2024 2023 (In Thousands) Gross deferred tax assets: Depreciation $ 1,080 $ 1,054 Restricted stock and stock options 137 324 Allowance for credit losses 4,480 4,530 Allowance for unfunded commitments 305 261 Repurchase reserve for loans sold 335 446 Interest recognized for tax but not books 98 217 State net operating loss 1,368 280 Real estate owned 11 9 Lease liability 955 802 Unrealized loss on securities available for sale, net 5,798 5,520 Valuation allowance - available for sale securities (517 ) - Valuation allowance - other temporary differences (1,867 ) - Other 384 374 Total gross deferred tax assets 12,567 13,817 Gross deferred tax liabilities: Mortgage servicing rights (191 ) (467 ) FHLB stock dividends - (17 ) Lease Asset (968 ) (815 ) Deferred loan fees (466 ) (357 ) Deferred liabilities (1,625 ) (1,656 ) Net deferred tax assets $ 10,942 $ 12,161 The Company had a state net operating loss carry forward of $1.4 million at December 31, 2024 December 31, 2024 December 31, 2024 March 18, 2024, no A valuation allowance is required if it is more likely than not not December 31, 2024, December 31, 2023, Under the Internal Revenue Code and Wisconsin Statutes, the Company was permitted to deduct, for tax years beginning before 1988, not no December 31, 2024 no The Company and its subsidiaries file consolidated federal and combined state tax returns. One subsidiary also files separate state income tax returns in certain states. The Company is no 2021.

Note 13 - Commitments, Off-bala

Note 13 - Commitments, Off-balance Sheet Arrangements, and Contingent Liabilities	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	13 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 balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. December 31, 2024 2023 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under first mortgage loans (1) $ 19,052 $ 9,789 Commitments to extend credit under home equity lines of credit 11,531 11,722 Unused portion of construction loans 72,753 76,660 Unused portion of business lines of credit 15,061 15,378 Standby letters of credit 399 514 ( 1 14 Commitments to extend credit are agreements to lend to a customer as long as there is no may not 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 December 31, 2024 2023 3 Residential mortgage loans sold to others are predominantly conventional residential first first December 31, 2024 December 31, 2023 In the normal course of business, the Company, or its subsidiaries are involved in various legal proceedings. The outcomes of these actions are not not December 31, 2024 2023,

Note 14 - Derivative Financial

Note 14 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	14 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: December 31, 2024 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in millions) Forward commitments $ 171.6 Prepaid expenses and Other assets $ 0.6 Other liabilities $ - Interest rate locks 136.2 Prepaid expenses and Other assets 0.3 Other liabilities - Interest rate swaps 140.4 Prepaid expenses and Other assets 12.6 Other liabilities 12.6 December 31, 2023 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in millions) Forward commitments $ 268.8 Prepaid expenses and Other assets $ - Other liabilities $ 0.4 Interest rate locks 170.9 Prepaid expenses and Other assets 0.3 Other liabilities - Interest rate swaps 88.2 Prepaid expenses and Other assets 12.0 Other liabilities 12.0 In determining the fair value of its derivative loan commitments, the Company considers the value that would be generated when the loan arising from exercise of the loan commitment is 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. The back-to-back swaps mature in December 2029 June 2037. not December 31, 2024 December 31, 2023 no No December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023

Note 15 - Fair Value Measuremen

Note 15 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	15 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 and liabilities recorded in our consolidated statement of financial position at their fair value on a recurring basis as of December 31, 2024 December 31, 2023 Fair Value Measurements Using December 31, 2024 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 9,611 $ - $ 9,611 $ - Collateralized mortgage obligations Government sponsored enterprise issued 131,736 - 131,736 - Private-label issued 6,400 - 6,400 - Government sponsored enterprise bonds 2,440 - 2,440 - Municipal securities 47,076 - 47,076 - Other debt securities 11,286 - 11,286 - Loans held for sale 135,909 - 135,909 - Mortgage banking derivative assets 897 - - 897 Interest rate swap assets 12,575 - 12,575 - Liabilities Mortgage banking derivative liabilities 46 - - 46 Interest rate swap liabilities 12,575 - 12,575 - Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 11,181 $ - $ 11,181 $ - Collateralized mortgage obligations Government sponsored enterprise issued 133,467 - 133,467 - Private-label issued 7,260 - 7,260 - Government sponsored enterprise bonds 2,348 - 2,348 - Municipal securities 39,488 - 39,488 - Other debt securities 11,163 - 11,163 - Loans held for sale 164,993 - 164,993 - Mortgage banking derivative assets 334 - - 334 Interest rate swap assets 12,044 - 12,044 - Liabilities Mortgage banking derivative liabilities 364 - - 364 Interest rate swap liabilities 12,044 - 12,044 - The following summarizes the valuation techniques for assets and liabilities recorded in our 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 values 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 2024 2023 Mortgage banking derivatives, net (In Thousands) Balance at December 31, 2022 $ (994 ) Mortgage derivative gain, net 964 Balance at December 31, 2023 (30 ) Mortgage derivative gain, net 881 Balance at December 31, 2024 $ 851 There were no transfers in or out of Level 1, 2 3 Assets Recorded at Fair Value on a Non-recurring Basis The following table presents information about the Company's assets recorded in the consolidated statement of financial position at their fair value on a non-recurring basis as of December 31, 2024 December 31, 2023 Fair Value Measurements Using December 31, 2024 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 505 $ - $ - $ 505 Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 254 $ - $ - $ 254 Impaired mortgage servicing rights 1,063 - - 1,063 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 Fair Value at Significant Significant Unobservable Input Value December 31, Valuation Unobservable Minimum Maximum Weighted 2024 Technique Inputs Value Value Average (Dollars in Thousands) Mortgage banking derivatives $ 851 Pricing models Pull through rate 13.7 % 100.0 % 66.3 % Real estate owned 505 Market approach Discount rates applied to appraisals 32.4 % 96.9 % 79.6 % December 31, 2023 Mortgage banking derivatives $ (30 ) Pricing models Pull through rate 20.5 % 99.9 % 69.8 % Real estate owned 254 Market approach Discount rates applied to appraisals 23.3 % 73.1 % 39.3 % Mortgage servicing rights 1,063 Pricing models Prepayment rate 6.7 % 23.9 % 14.6 % Discount rate 10.0 % 15.5 % 11.2 % Cost to service $ 77 $ 471 $ 107 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 at December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Carrying Carrying amount Fair Value amount Fair Value Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (In Thousands) Financial Assets Cash and cash equivalents $ 39,761 $ 39,761 $ 39,761 $ - $ - $ 36,421 $ 36,421 $ 36,421 $ - $ - Loans receivable 1,680,576 1,603,437 - - 1,603,437 1,664,215 1,558,472 - - 1,558,472 FHLB stock 20,295 20,295 20,295 - - 20,880 20,880 20,880 - - Accrued interest receivable 7,853 7,853 7,853 - - 7,421 7,421 7,421 - - Mortgage servicing rights 732 807 - - 807 1,811 2,207 - - 2,207 - - Financial Liabilities Deposits 1,359,897 1,359,381 454,358 905,023 - 1,190,624 1,189,274 460,340 728,934 - Advance payments by borrowers for taxes 5,630 5,630 5,630 - - 6,607 6,607 6,607 - - Borrowings 446,519 439,455 - 439,455 - 611,054 602,948 - 602,948 - Accrued interest payable 3,340 3,340 3,340 - - 2,613 2,613 2,613 - - 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. The commercial paper instruments with a maturity of less than 90 Securities The fair value of securities is determined by a third Loans Held for Sale Fair value is estimated using the prices of the Company’s existing commitments to sell such loans and/or the quoted market price for commitments to sell similar loans. 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 market place. 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 December 31, 2024 December 31, 2023 Mortgage Banking Derivative Assets and Liabilities 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 relies on 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 relies on 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. On the Company's Consolidated Statements of Condition, instruments that have a positive fair value are included in prepaid expenses and other assets, and those instruments that have a negative fair value are included in other liabilities. Interest Rate Swap Assets and Liabilities The carrying value and fair value of existing derivative financial instruments are based upon independent valuation models, which use widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative contract. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities.

Note 16 - Earnings Per Share

Note 16 - Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	16 Earnings Per Share Earnings per share are computed using the two There were 203,000, 197,000, and 128,000 antidilutive shares of common stock (where the exercise price exceeds the average price of common stock for the period) for the years ended December 31, 2024 2023 2022 Presented below are the calculations for basic and diluted earnings per share: For the year ended December 31, 2024 2023 2022 (In Thousands, except for per share amounts) Net income $ 18,688 $ 9,375 $ 19,487 Weighted average shares outstanding 18,556 20,158 21,884 Effect of dilutive potential common shares 33 38 126 Diluted weighted average shares outstanding $ 18,589 $ 20,196 $ 22,010 Basic income per share $ 1.01 $ 0.47 $ 0.89 Diluted income per share $ 1.01 $ 0.46 $ 0.89

Note 17 - Condensed Parent Comp

Note 17 - Condensed Parent Company Only Statements	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	17 Condensed Parent Company Only Statements Statements of Financial Condition December 31, 2024 2023 (In Thousands) Assets Cash and cash equivalents $ 13,873 $ 28,036 Investment in subsidiaries 328,145 319,181 Other assets 294 301 Total assets $ 342,312 $ 347,518 Liabilities and shareholders' equity Liabilities: Other liabilities 3,177 3,462 Shareholders' equity Preferred Stock (par value $ .01 50,000,000 no - - Common stock (par value $ .01 100,000,000 19,343,251 20,314,786 193 203 Additional paid-in-capital 91,214 103,908 Retained earnings 277,196 269,606 Unearned ESOP shares (10,682 ) (11,869 ) Accumulated other comprehensive loss, net of taxes (18,786 ) (17,792 ) Total shareholders' equity 339,135 344,056 Total liabilities and shareholders' equity $ 342,312 $ 347,518 Statements of Operations For the year ended December 31, 2024 2023 2022 (In Thousands) Interest income $ 1,105 $ 1,212 $ 607 Equity in income of subsidiaries 18,347 8,964 19,507 Total income 19,452 10,176 20,114 Professional fees $ 28 38 30 Other expense 640 631 603 Total expense 668 669 633 Income before income tax expense (benefit) 18,784 9,507 19,481 Income tax expense (benefit) 96 132 (6 ) Net income $ 18,688 $ 9,375 $ 19,487 Statements of Cash Flows For the year ended December 31, 2024 2023 2022 (In Thousands) Cash flows from operating activities Net income $ 18,688 $ 9,375 $ 19,487 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of unearned ESOP 1,420 1,461 1,889 Stock based compensation 316 277 583 Equity in loss of subsidiaries (18,347 ) (8,964 ) (19,507 ) Change in other assets and liabilities (424 ) (59 ) 89 Net cash provided by operating activities 1,653 2,090 2,541 Net cash used in investing activities - - - Dividends received from subsidiary 8,705 14,754 55,594 Cash Dividends on Common Stock (11,268 ) (15,363 ) (30,260 ) Proceeds from stock option exercises 1,662 820 564 Purchase of common stock returned to authorized but unissued (14,915 ) (26,032 ) (47,830 ) Net cash used in financing activities (15,816 ) (25,821 ) (21,932 ) Net decrease in cash (14,163 ) (23,731 ) (19,391 ) Cash and cash equivalents at beginning of year 28,036 51,767 71,158 Cash and cash equivalents at end of year $ 13,873 $ 28,036 $ 51,767

Note 18 - Segment Reporting

Note 18 - Segment Reporting	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	18 Segment Reporting The Company has determined that it has two 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 in the secondary market. Mortgage banking products and services are provided by offices in 26 states with the ability to lend in 48 states. The Company’s chief executive officer has been identified as the chief operating decision maker (“CODM”). Selected financial and descriptive information is reported to the CODM. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The CODM uses the Community Banking and Mortgage Banking segment's net interest income, non-interest income, non-interest expense, and pre-tax income for making operating decisions, allocating resources (including employees, financial, or capital resources), and assessing performance. Based on the reviews of these two As of or for the Year ended December 31, 2024 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 47,968 $ (1,945 ) $ 145 $ 46,168 Provision (credit) for credit losses (145 ) (23 ) - (168 ) Net interest income after provision (credit) for credit losses 48,113 (1,922 ) 145 46,336 Noninterest income 5,303 84,250 (251 ) 89,302 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 20,685 61,353 (960 ) 81,078 Occupancy, office furniture and equipment 3,712 3,861 - 7,573 Advertising 918 2,636 - 3,554 Data processing 2,791 2,169 18 4,978 Communications 306 616 - 922 Professional fees 771 2,385 28 3,184 Real estate owned 26 - - 26 Loan processing expense - 3,090 - 3,090 Other 2,528 4,333 370 7,231 Total noninterest expenses 31,737 80,443 (544 ) 111,636 Income before income taxes 21,679 1,885 438 24,002 Income taxes 4,697 521 96 5,314 Net income $ 16,982 $ 1,364 $ 342 $ 18,688 Total assets $ 2,441,677 $ 177,875 $ (409,944 ) $ 2,209,608 As of or for the Year ended December 31, 2023 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 51,733 $ (1,821 ) $ 303 $ 50,215 Provision for credit losses 441 215 - 656 Net interest income after provision for credit losses 51,292 (2,036 ) 303 49,559 Noninterest income 4,387 78,472 (1,674 ) 81,185 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 19,866 65,095 (865 ) 84,096 Occupancy, office furniture and equipment 3,672 4,651 - 8,323 Advertising 977 2,802 - 3,779 Data processing 2,501 2,130 22 4,653 Communications 295 693 - 988 Professional fees 726 1,922 38 2,686 Real estate owned 4 - - 4 Loan processing expense - 3,428 - 3,428 Other 3,868 8,953 (1,066 ) 11,755 Total noninterest expenses 31,909 89,674 (1,871 ) 119,712 Income (loss) before income taxes (benefit) 23,770 (13,238 ) 500 11,032 Income taxes (benefit) 5,137 (3,612 ) 132 1,657 Net income (loss) $ 18,633 $ (9,626 ) $ 368 $ 9,375 Total assets $ 2,178,488 $ 206,452 $ (171,551 ) $ 2,213,389 As of or for the Year ended December 31, 2022 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 56,606 $ 157 $ 191 $ 56,954 Provision for credit losses 677 291 - 968 Net interest income after provision for credit losses 55,929 (134 ) 191 55,986 Noninterest income 5,221 104,101 (3,767 ) 105,555 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 19,013 81,010 (458 ) 99,565 Occupancy, office furniture and equipment 3,645 5,061 - 8,706 Advertising 887 3,089 - 3,976 Data processing 2,229 2,234 7 4,470 Communications 357 832 - 1,189 Professional fees 508 1,278 29 1,815 Real estate owned 19 - - 19 Loan processing expense - 4,744 - 4,744 Other 5,551 10,197 (3,170 ) 12,578 Total noninterest expenses 32,209 108,445 (3,592 ) 137,062 Income (loss) before income taxes (benefit) 28,941 (4,478 ) 16 24,479 Income taxes (benefit) 6,116 (1,117 ) (7 ) 4,992 Net income (loss) $ 22,825 $ (3,361 ) $ 23 $ 19,487 Total assets $ 2,009,727 $ 198,625 $ (176,680 ) $ 2,031,672

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Nature of Operations [Policy Text Block]	a) Nature of Operations The Company is a one two The Bank provides a full range of financial services to customers through branch locations in southeastern Wisconsin. The Bank is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. The Bank owns a mortgage banking subsidiary that originates residential real estate loans held for sale at various branch offices across the country. Mortgage banking volume fluctuates widely in connection with movements in interest rates. Mortgage banking income is reported as a single line item in the statements of operations while mortgage banking expense is distributed among the various noninterest expense lines. Compensation, payroll taxes and other employee benefits expense fluctuates in relation to fluctuations in mortgage banking income.
Consolidation, Policy [Policy Text Block]	b) Principles of Consolidation The consolidated financial statements include the accounts and operations of Waterstone Financial, Inc. and its wholly owned subsidiary, WaterStone Bank. The Bank has the following wholly owned subsidiaries: Wauwatosa Investments, Inc., Waterstone Mortgage Corporation, and Main Street Real Estate Holdings, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	c) Use of Estimates The preparation of the 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 credit losses, income taxes, and fair value measurements.
Cash and Cash Equivalents, Policy [Policy Text Block]	d) Cash and Cash Equivalents The Company considers federal funds sold and highly liquid debt instruments with a maturity of three
Marketable Securities, Policy [Policy Text Block]	e) Securities Available for Sale Securities At the time of purchase, investment debt securities are classified as available for sale, as management has the intent and ability to hold such securities for an indefinite period of time, but not not first Federal Home Loan Bank Stock Federal Home Loan Bank ("FHLB") stock is carried at cost, which is the amount that the stock is redeemable by tendering to the FHLB or the amount at which shares can be sold to other FHLB members.
Financing Receivable, Held-for-Sale [Policy Text Block]	f) Loans Held for Sale The origination of residential real estate loans is an integral component of the business of the Company. The Company generally sells its originations of long-term fixed interest rate mortgage loans in the secondary market, and on a selective basis, retains the rights to service the loans sold. Gains and losses on the sales of these loans are determined using the specific identification method. Mortgage loans originated for sale are generally sold within 45 days after closing. The Company has elected to carry loans held for sale at fair value. Fair value is generally determined by estimating a gross premium or discount, which is derived from pricing currently observable in the market. The amount by which cost differs from market value is accounted for as a valuation adjustment to the carrying value of the loans. Changes in value are included in mortgage banking income in the consolidated statements of operations. Costs to originate loans held for sale are expensed as incurred and are included on the appropriate noninterest expense lines of the statements of operations. Salaries, commissions and related payroll taxes are the primary costs to originate and comprised approximately 76.3% 2024 The value of mortgage loans held for sale and other residential mortgage loan commitments to customers are hedged by utilizing both best efforts and mandatory forward commitments to sell loans to investors in the secondary market. Such forward commitments are generally entered into at the time when applications are taken to protect the value of the mortgage loans from increases in market interest rates during the period held. The Company recognizes revenue associated with the expected future cash flows of servicing loans at the time a forward loan commitment is made.
Policy Loans Receivable, Policy [Policy Text Block]	g) Loans Receivable and Related Interest Income Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Loans are carried at the principal amount outstanding, net of any unearned income, charge-offs and unamortized deferred fees and costs. Loan origination and commitment fees and certain direct loan origination costs are deferred and the net amount amortized as an adjustment of the related loan yield. Amortization is based on a level-yield method over the contractual life of the related loans or until the loan is paid in full. Loan interest income is recognized on the accrual basis. Accrual of interest is generally discontinued either when reasonable doubt exists as to the full, timely collection of interest or principal, or when a loan becomes contractually past due 90 no A loan is accounted for as a financing receivable whose borrowers are experiencing financial difficulty if the Company, for economic reasons related to the borrower’s financial condition, grants a concession to the borrower that it would not not
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	h) Allowance for Credit Losses AFS Debt Securities The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL approach utilized by HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASC Topic 326 may no first not not not not The relative importance assigned to each of these factors varies depending on the facts and circumstances pertinent to the individual security being evaluated. If the Company intends to sell a security in an unrealized loss position, or it is more likely than not no not Loans not may not no 180 may not not not Collateral dependent loans not not not Financing receivables whose borrowers are experiencing financial difficulty not Unfunded commitments
Real Estate, Policy [Policy Text Block]	i) Real Estate Owned Real estate owned consists of properties acquired through, or in lieu of, loan foreclosure. Real estate owned is transferred into the portfolio at estimated net realizable value, which includes selling costs. To the extent that the net carrying value of the loan exceeds the estimated fair value of the property at the date of transfer, the excess is charged to the allowance for loan losses within 90
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	j) Mortgage Servicing Rights The Company sells residential mortgage loans in the secondary market and, on a selective basis, retains the right to service the loans sold. Upon sale, a mortgage servicing rights asset is capitalized, which represents the then current fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights, when purchased, are initially recorded at fair value. Mortgage servicing rights are amortized over the period of estimated net servicing income, and assessed for impairment at each reporting date. Mortgage servicing rights are carried at the lower of the initial capitalized amount, net of accumulated amortization, or estimated fair value, and are included in other assets in the consolidated statements of financial condition. To the extent that the Company sells mortgage servicing rights, a gain is recognized for the amount of which sale proceeds exceed the remaining unamortized cost of the servicing rights that were sold. Gains on sale of mortgage servicing rights are included in other noninterest income in the consolidated statements of operations.
Life Settlement Contracts, Policy [Policy Text Block]	k) Cash Surrender Value of Life Insurance The Company purchases bank owned life insurance on the lives of certain employees. The Company is the beneficiary of the life insurance policies. The cash surrender value of life insurance is reported at the amount that would be received in cash if the polices were surrendered. Increases in the cash value of the policies and proceeds of death benefits received are recorded in noninterest income. The increase in cash surrender value of life insurance is not
Property, Plant and Equipment, Policy [Policy Text Block]	l) Office Properties and Equipment Office properties and equipment, including leasehold improvements and software, are stated at cost, net of depreciation and amortization. Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized over the lease term, if shorter than the estimated useful life. Maintenance and repairs are charged to expense as incurred, while additions or major improvements are capitalized and depreciated over their estimated useful lives. Estimated useful lives of the assets are 10 to 30 years for office properties, three three
Income Tax, Policy [Policy Text Block]	m) Income Taxes The Company and its subsidiaries file consolidated federal and combined state income tax returns. The provision for income taxes is based upon income in the consolidated financial statements, rather than amounts reported on the income tax returns. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. The Company evaluates the realizability of its deferred tax assets on a quarterly basis. Under generally accepted accounting principles, a valuation allowance is required to be recognized if it is “more likely than not” not Positions taken in the Company’s tax returns may not 50%
Earnings Per Share, Policy [Policy Text Block]	n) Earnings Per Share Earnings per share (EPS) are computed using the two
Comprehensive Income, Policy [Policy Text Block]	o) Comprehensive Income (Loss) Comprehensive income (loss) is the total of reported net income and changes in unrealized gains or losses, net of tax (or benefit), on securities available for sale.
Employee Stock Ownership Plan (ESOP), Policy [Policy Text Block]	p) Employee Stock Ownership Plan (ESOP) Compensation expense under the ESOP is equal to the fair value of common shares released or committed to be released to participants in the ESOP in each respective period. Common stock purchased by the ESOP and not
Stockholders' Equity, Policy [Policy Text Block]	q) Share Repurchases The Company has a share repurchase program. Repurchases under the repurchase program may no may
Revenue from Contract with Customer [Policy Text Block]	r) Revenue Recognition ASC 606, 606” The majority of the Company's revenue-generating transactions are not 606, Descriptions of the Company's revenue-generating activities that are within the scope of ASC 606, Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed, which is generally monthly for account maintenance services or when a transaction has been completed (such as a stop payment). Payments for these activities are generally received at the time the performance obligations are satisfied. Other non-interest income includes items such as bank owned life insurance income, dividends on FHLB stock and other general operating income, none 606.
New Accounting Pronouncements, Policy [Policy Text Block]	s) Impact of Recent Accounting Pronouncements Accounting Standards Adopted in 2024 The Company adopted "Segment Reporting (Topic 280 2023 07 January 1, 2024, 2023 07 2024 2025. Accounting Standards Adopted in 2023 The Company adopted "Troubled Debt Restructurings and Vintage Disclosures" under ASC Topic 326 January 1, 2023, 3 326 not Accounting Standards Adopted in 2022 The Company adopted ASC Topic 326 January 1, 2022 , January 1, 2022 ( January 1, 2022 . The Company did not January 1, 2022 2 3

Note 2 - Securities Available_2

Note 2 - Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	December 31, 2024 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 11,285 $ - $ (1,674 ) $ 9,611 Collateralized mortgage obligations: Government sponsored enterprise issued 151,200 77 (19,541 ) 131,736 Private-label issued 7,122 - (722 ) 6,400 Mortgage-related securities 169,607 77 (21,937 ) 147,747 Government sponsored enterprise bonds 2,500 - (60 ) 2,440 Municipal securities 48,023 383 (1,330 ) 47,076 Other debt securities 12,500 - (1,214 ) 11,286 Debt securities 63,023 383 (2,604 ) 60,802 Total $ 232,630 $ 460 $ (24,541 ) $ 208,549 December 31, 2023 Gross Gross Amortized unrealized unrealized cost gains losses Fair value (In Thousands) Mortgage-backed securities $ 12,651 $ 5 $ (1,475 ) $ 11,181 Collateralized mortgage obligations: Government sponsored enterprise issued 152,700 212 (19,445 ) 133,467 Private-label issued 8,061 - (801 ) 7,260 Mortgage-related securities 173,412 217 (21,721 ) 151,908 Government sponsored enterprise bonds 2,500 - (152 ) 2,348 Municipal securities 39,304 980 (796 ) 39,488 Other debt securities 12,500 - (1,337 ) 11,163 Debt securities 54,304 980 (2,285 ) 52,999 Total $ 227,716 $ 1,197 $ (24,006 ) $ 204,907
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2024 Amortized cost Fair value (In Thousands) Debt and other securities Due within one year $ 8,088 $ 8,034 Due after one year through five years 4,077 4,177 Due after five years through ten years 29,457 28,150 Due after ten years 21,401 20,441 Mortgage-related securities 169,607 147,747 Total $ 232,630 $ 208,549
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]	December 31, 2024 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 $ 346 $ 9 $ 9,193 $ 1,665 $ 9,539 $ 1,674 Collateralized mortgage obligations: Government sponsored enterprise issued 21,145 330 95,587 19,211 116,732 19,541 Private-label issued - - 5,445 722 5,445 722 Government sponsored enterprise bonds - - 2,440 60 2,440 60 Municipal securities 20,005 334 5,063 996 25,068 1,330 Other debt securities - - 11,286 1,214 11,286 1,214 Total $ 41,496 $ 673 $ 129,014 $ 23,868 $ 170,510 $ 24,541 December 31, 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 $ 215 $ 1 $ 10,682 $ 1,474 $ 10,897 $ 1,475 Collateralized mortgage obligations: Government sponsored enterprise issued 2,442 42 110,271 19,403 112,713 19,445 Private-label issued - - 6,250 801 6,250 801 Government sponsored enterprise bonds - - 2,348 152 2,348 152 Municipal securities 7,597 36 5,808 760 13,405 796 Other debt securities - - 11,163 1,337 11,163 1,337 Total $ 10,254 $ 79 $ 146,522 $ 23,927 $ 156,776 $ 24,006

Note 3 - Loans Receivable (Tabl

Note 3 - Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2024 2023 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 516,128 $ 551,190 Multi family 741,428 707,566 Home equity 13,188 13,228 Construction and land 61,427 53,371 Commercial real estate 313,494 300,892 Consumer 825 848 Commercial loans 34,086 37,120 Total loans receivable $ 1,680,576 $ 1,664,215
Financing Receivable, Past Due [Table Text Block]	As of December 31, 2024 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Past Due Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 9,107 $ 1,405 $ 3,955 $ 14,467 $ 501,661 $ 516,128 Multi family 183 - - 183 741,245 741,428 Home equity 194 - 30 224 12,964 13,188 Construction and land - - - - 61,427 61,427 Commercial real estate 248 - - 248 313,246 313,494 Consumer - - - - 825 825 Commercial loans - - - - 34,086 34,086 Total $ 9,732 $ 1,405 $ 3,985 $ 15,122 $ 1,665,454 $ 1,680,576 As of December 31, 2023 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Past Due Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 5,265 $ 1,283 $ 4,270 $ 10,818 $ 540,372 $ 551,190 Multi family - 6 - 6 707,560 707,566 Home equity 209 - 34 243 12,985 13,228 Construction and land - - - - 53,371 53,371 Commercial real estate 54 - 129 183 300,709 300,892 Consumer - - - - 848 848 Commercial loans - - - - 37,120 37,120 Total $ 5,528 $ 1,289 $ 4,433 $ 11,250 $ 1,652,965 $ 1,664,215
Financing Receivable, Allowance for Credit Loss [Table Text Block]	One- to Four- Family Multi Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Year ended December 31, 2024 Balance at beginning of period $ 6,886 $ 7,318 $ 211 $ 983 $ 2,561 $ 56 $ 534 $ 18,549 Provision (credit) for credit losses - loans (1,708 ) (249 ) 1 218 1,357 107 (68 ) (342 ) Charge-offs (3 ) - - - (1 ) (84 ) - (88 ) Recoveries 111 10 - 4 3 - - 128 Balance at end of period $ 5,286 $ 7,079 $ 212 $ 1,205 $ 3,920 $ 79 $ 466 $ 18,247 Year ended December 31, 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 $ 2,259 $ (665 ) $ 33 $ (372 ) $ (641 ) $ 46 $ 267 $ 927 Charge-offs (168 ) - - - - (37 ) - (205 ) Recoveries 52 8 4 3 3 - - 70 Balance at end of period 6,886 7,318 211 983 2,561 56 534 18,549 Year ended December 31, 2022 Balance at beginning of period 3,963 5,398 89 1,386 4,482 33 427 15,778 Adoption of CECL (1) $ 88 $ 100 $ 58 $ 886 $ (640 ) $ 7 $ (69 ) $ 430 Provision (credt) for loan losses 918 1,750 9 (923 ) (656 ) 23 (91 ) 1,030 Charge-offs (304 ) - - - - (16 ) - (320 ) Recoveries 78 727 18 3 13 - - 839 Balance at end of period $ 4,743 $ 7,975 $ 174 $ 1,352 $ 3,199 $ 47 $ 267 $ 17,757
Schedule of Allowance for Credit Losses [Table Text Block]	Years ended December 31, 2024 2023 2022 (In Thousands) Provision (credit) for credit losses - loans on: Loans $ (342 ) $ 927 $ 1,030 Unfunded commitments 174 (271 ) (62 ) Investment securities - - - Total $ (168 ) $ 656 $ 968
Schedule of Collateral Dependent Loans [Table Text Block]	December 31, 2024 2023 (In Thousands) Collateral dependent loans Residential real estate: One- to four-family 3,323 2,209 Multi family - - Home equity 150 90 Construction and land - - Commercial real estate 5,015 5,493 Consumer - - Commercial loans 1,605 1,536 Total loans receivable 10,093 9,328
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 December 31, 2024 Substandard $ 5,515 $ - $ 150 $ - $ 11,721 $ - $ 1,605 $ 18,991 Watch 9,675 $ 183 $ - $ 143 $ 743 $ - $ 75 $ 10,819 Pass 500,938 741,245 13,038 61,284 301,030 825 32,406 1,650,766 Total $ 516,128 $ 741,428 $ 13,188 $ 61,427 $ 313,494 $ 825 $ 34,086 $ 1,680,576 At December 31, 2023 Substandard $ 4,503 $ - $ 90 $ - $ 5,492 $ - $ 1,536 $ 11,621 Watch 7,585 383 - - - - - 7,968 Pass 539,102 707,183 13,138 53,371 295,400 848 35,584 1,644,626 Total 551,190 707,566 13,228 53,371 300,892 848 37,120 1,664,215 2024 2023 2022 2021 2020 Prior Revolving Total (In Thousands) One- to four-family Pass $ 33,349 $ 172,934 $ 146,069 $ 41,704 $ 26,323 $ 79,948 $ 611 $ 500,938 Watch 7,504 106 1,286 - 72 707 - 9,675 Substandard 1,673 815 453 - - 2,574 - 5,515 Total 42,526 173,855 147,808 41,704 26,395 83,229 611 516,128 Multi-family Pass $ 81,119 $ 138,231 $ 196,939 $ 125,252 $ 108,779 $ 90,155 $ 770 $ 741,245 Watch - 183 - - - - - 183 Substandard - - - - - - - - Total 81,119 138,414 196,939 125,252 108,779 90,155 770 741,428 Home equity Pass $ 379 $ 478 $ 1,578 $ 149 $ 91 $ 226 $ 10,137 $ 13,038 Watch - - - - - - - - Substandard - - 16 14 - - 120 150 Total 379 478 1,594 163 91 226 10,257 13,188 Construction and land Pass $ 23,029 $ 25,384 $ - $ 9,144 $ 1,501 $ 2,226 $ - $ 61,284 Watch - - 143 - - - - 143 Substandard - - - - - - - - Total 23,029 25,384 143 9,144 1,501 2,226 - 61,427 Commercial Real Estate Pass $ 63,660 $ 66,980 $ 51,175 $ 58,574 $ 30,699 $ 29,289 $ 653 $ 301,030 Watch 208 - 407 - 128 - - 743 Substandard 11,484 237 - - - - - 11,721 Total 75,352 67,217 51,582 58,574 30,827 29,289 653 313,494 Consumer Pass $ - $ - $ - $ - $ - $ - $ 825 $ 825 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 825 825 Commercial Pass $ 948 $ 17,011 $ 1,240 $ 553 $ 2,062 $ 5,135 $ 5,457 $ 32,406 Watch - - - - - - 75 75 Substandard - - 30 - - - 1,575 1,605 Total 948 17,011 1,270 553 2,062 5,135 7,107 34,086 Total loans $ 223,353 $ 422,359 $ 399,336 $ 235,390 $ 169,655 $ 210,260 $ 20,223 $ 1,680,576 Gross charge-offs $ 3 $ - $ - $ - $ - $ 1 $ 84 $ 88 2023 2022 2021 2020 2019 Prior Revolving Total (In Thousands) One- to four-family Pass $ 196,255 $ 166,555 $ 46,378 $ 33,295 $ 19,966 $ 75,726 $ 927 $ 539,102 Watch 5,093 713 - - - 1,779 - 7,585 Substandard 1,450 353 - - - 2,700 - 4,503 Total 202,798 167,621 46,378 33,295 19,966 80,205 927 551,190 Multi-family Pass 122,289 214,074 135,823 117,669 44,878 71,632 818 707,183 Watch 191 6 - - - 186 - 383 Substandard - - - - - - - - Total 122,480 214,080 135,823 117,669 44,878 71,818 818 707,566 Home equity Pass 1,084 255 161 98 87 342 11,111 13,138 Watch - - - - - - - - Substandard - 18 17 - - - 55 90 Total 1,084 273 178 98 87 342 11,166 13,228 Construction and land Pass 38,079 1,348 9,349 2,146 2,255 194 - 53,371 Watch - - - - - - - - Substandard - - - - - - - - Total 38,079 1,348 9,349 2,146 2,255 194 - 53,371 Commercial Real Estate Pass 70,677 76,067 62,922 33,436 19,250 31,673 1,375 295,400 Watch - - - - - - - - Substandard 5,277 129 - 86 - - - 5,492 Total 75,954 76,196 62,922 33,522 19,250 31,673 1,375 300,892 Consumer Pass - - - - - - 848 848 Watch - - - - - - - - Substandard - - - - - - - - Total - - - - - - 848 848 Commercial Pass 17,019 1,631 904 2,668 80 5,435 7,847 35,584 Watch - - - - - - - - Substandard - 48 - - 13 - 1,475 1,536 Total 17,019 1,679 904 2,668 93 5,435 9,322 37,120 Total Loans $ 457,414 $ 461,197 $ 255,554 $ 189,398 $ 86,529 $ 189,667 $ 24,456 $ 1,664,215 Gross charge-offs 168 0 0 0 0 0 37 205
Financing Receivable, Modified [Table Text Block]	As of December 31, 2023 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ - - $ 543 2 $ 543 2 $ - - $ 543 2 $ 543 2 As of December 31, 2023 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forebearance $ - - $ - - $ - - Interest reduction 15 1 - - 15 1 Principal forebearance 528 1 - - 528 1 Total $ 543 2 $ - - $ 543 2
Financing Receivable, Nonaccrual [Table Text Block]	As of December 31, 2024 2023 (Dollars in Thousands) Residential One- to four-family $ 5,515 $ 4,503 Multi family - - Home equity 150 90 Construction and land - - Commercial real estate - 215 Commercial - - Consumer - - Total non-accrual loans $ 5,665 $ 4,808 Total non-accrual loans to total loans 0.34 % 0.29 % Total non-accrual loans to total assets 0.26 % 0.22 %

Note 4 - Office Properties an_2

Note 4 - Office Properties and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2024 2023 (In Thousands) Land $ 7,454 $ 7,454 Office buildings and improvements 33,468 34,275 Furniture and equipment 13,295 12,990 Total 54,217 54,719 Less accumulated depreciation (34,828 ) (34,724 ) Total, net $ 19,389 $ 19,995

Note 5 - Mortgage Servicing R_2

Note 5 - Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Servicing Asset at Amortized Cost [Table Text Block]	Year ended December 31, 2024 2023 (In Thousands) Mortgage servicing rights at beginning of the year $ 1,811 $ 3,444 Additions 850 1,773 Amortization (291 ) (319 ) Sales (1,958 ) (2,767 ) Mortgage servicing rights at end of the year 412 2,131 Valuation allowance recovered during the year 320 (320 ) Mortgage servicing rights at the end of the year, net $ 732 $ 1,811
Future Amortization Expenses for Mortgage Servicing Rights [Table Text Block]	(In Thousands) 2025 $ 132 2026 120 2027 107 2028 93 2029 80 Thereafter 200 Total $ 732

Note 6 - Deposits (Tables)

Note 6 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Years ended December 31, 2024 2023 2022 (In Thousands) Interest-bearing demand deposits $ 98 $ 82 $ 61 Money market and savings deposits 5,654 4,529 1,201 Time deposits 34,821 21,127 3,601 $ 40,573 $ 25,738 $ 4,863
Time Deposit Maturities [Table Text Block]	(In Thousands) Within one year $ 842,390 More than one to two years 60,554 More than two to three years 1,906 More than three to four years 366 More than four through five years 323 $ 905,539

Note 7 - Borrowings (Tables)

Note 7 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2024 Category Term Amount Maturity Rate Rate Type Callable/Putable Settlement Date Frequency (Dollars in Thousands) FHLB advances Long-term $ 10,000 December 3, 2027 3.48 % Fixed Putable December 3, 2024 Monthly Long-term 10,000 December 6, 2027 3.47 % Fixed Putable December 4, 2024 Monthly Long-term 10,000 December 10, 2027 3.49 % Fixed Putable December 10, 2024 Monthly Long-term 50,000 December 14, 2027 1.73 % Fixed N/A December 14, 2017 N/A Long-term 10,000 May 15, 2029 3.54 % Fixed Putable May 15, 2024 Monthly Long-term 10,000 June 4, 2029 3.55 % Fixed Putable June 4, 2024 Monthly Long-term 10,000 June 5, 2029 3.48 % Fixed Putable June 5, 2024 Monthly Long-term 10,000 June 14, 2029 3.43 % Fixed Putable June 14, 2024 Monthly Long-term 10,000 June 18, 2029 3.47 % Fixed Putable June 18, 2024 Monthly Long-term 10,000 July 9, 2029 3.40 % Fixed Putable July 8, 2024 Monthly Long-term 10,000 July 12, 2029 3.35 % Fixed Putable July 12, 2024 Monthly Total FHLB long-term advances $ 150,000 2.89 % Short-Term 80,300 January 2, 2025 4.44 % Fixed N/A N/A N/A Short-Term 16,000 January 6, 2025 4.59 % Fixed N/A N/A N/A Short-Term 27,453 January 6, 2025 4.59 % Fixed N/A N/A N/A Short-Term 10,000 January 6, 2025 3.53 % Fixed N/A N/A N/A Short-Term 13,600 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 28,500 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 12,300 January 9, 2025 4.50 % Fixed N/A N/A N/A Short-Term 9,900 January 16, 2025 4.41 % Fixed N/A N/A N/A Short-Term 2,000 January 17, 2025 4.40 % Fixed N/A N/A N/A Short-Term 20,700 January 21, 2025 4.39 % Fixed N/A N/A N/A Short-Term 15,500 January 23, 2025 4.36 % Fixed N/A N/A N/A Short-Term 20,000 January 29, 2025 4.74 % Fixed N/A N/A N/A Short-Term 11,300 March 17, 2025 4.41 % Fixed N/A N/A N/A Short-Term 26,000 October 1, 2025 3.95 % Fixed N/A N/A N/A Total FHLB short-term advances $ 293,553 4.41 % Total FHLB advances $ 443,553 3.89 % Repurchase agreements Revolving $ 2,966 N/A 7.49 % Variable N/A N/A N/A Total borrowings $ 446,519 3.92 % December 31, 2023 Category Term Amount Maturity Rate Rate Type Callable/Putable Settlement Date Frequency (Dollars in Thousands) FHLB advances Long-term $ 50,000 December 14, 2027 1.73 % Fixed N/A December 14, 2017 N/A Long-term 10,000 August 7, 2028 3.51 % Fixed Putable December 7, 2023 Quarterly Long-term 10,000 August 8, 2028 3.52 % Fixed Putable December 8, 2023 Quarterly Long-term 10,000 October 10, 2028 3.49 % Fixed Putable November 10, 2023 Quarterly Long-term 10,000 October 10, 2028 3.49 % Fixed Putable November 10, 2023 Quarterly Long-term 10,000 November 3, 2028 3.46 % Fixed Putable December 4, 2023 Quarterly Long-term 10,000 November 6, 2028 3.47 % Fixed Putable December 6, 2023 Quarterly Long-term 15,000 November 14, 2028 3.39 % Fixed Putable December 14, 2023 Quarterly Long-term 10,000 November 29, 2028 3.38 % Fixed Putable December 29, 2023 Quarterly Long-term 10,000 November 29, 2028 3.43 % Fixed Putable January 29, 2024 Quarterly Long-term 10,000 December 4, 2028 3.31 % Fixed Putable January 4, 2023 Quarterly Total FHLB long-term advances 155,000 2.89 % Short-term 60,000 January 2, 2024 5.44 % Fixed N/A N/A N/A Short-term 20,000 January 2, 2024 5.45 % Fixed N/A N/A N/A Short-term 20,000 January 5, 2024 5.48 % Fixed N/A N/A N/A Short-term 20,500 January 8, 2024 5.38 % Fixed N/A N/A N/A Short-term 18,000 January 8, 2024 5.38 % Fixed N/A N/A N/A Short-term 14,000 January 16, 2024 5.49 % Fixed N/A N/A N/A Short-term 21,000 January 22, 2024 5.36 % Fixed N/A N/A N/A Short-term 33,000 January 29, 2024 5.36 % Fixed N/A N/A N/A Short-term 27,500 February 20, 2024 5.41 % Fixed N/A N/A N/A Short-term 27,000 February 27, 2024 5.42 % Fixed N/A N/A N/A Short-term 24,500 March 13, 2024 5.39 % Fixed N/A N/A N/A Short-term 23,500 December 29, 2024 4.79 % Fixed N/A N/A N/A Total FHLB short-term advances 309,000 5.37 % Total FHLB advances 464,000 4.54 % Short-Term Borrowings Federal reserve bank Short-term $ 145,000 December 31, 2024 4.83 % Fixed N/A N/A N/A Total Federal reserve bank $ 145,000 4.83 % Repurchase agreements Revolving $ 2,054 N/A 8.20 % Variable N/A N/A N/A Total short-term borrowings $ 147,054 4.88 % Total borrowings $ 611,054 4.62 %

Note 8 - Regulatory Capital (Ta

Note 8 - Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	December 31, 2024 Minimum Capital To Be Well-Capitalized For Capital Adequacy with Under Prompt Corrective Actual Adequacy Purposes Capital Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 376,624 20.90 % 144,162 8.00 % 189,213 10.50 % N/A N/A Waterstone Bank 365,634 20.29 % 144,167 8.00 % 189,220 10.50 % 180,209 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 357,135 19.81 % 108,168 6.00 % 153,238 8.50 % N/A N/A Waterstone Bank 346,145 19.21 % 108,126 6.00 % 153,178 8.50 % 144,168 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 357,135 19.81 % 81,126 4.50 % 126,196 7.00 % N/A N/A Waterstone Bank 346,145 19.21 % 81,094 4.50 % 126,147 7.00 % 117,136 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 357,135 16.04 % 89,061 4.00 % N/A N/A N/A N/A Waterstone Bank 346,145 15.55 % 89,041 4.00 % N/A N/A 111,301 5.00 % State of Wisconsin (to total assets) Waterstone Bank 346,145 15.68 % 132,453 6.00 % N/A N/A N/A N/A December 31, 2023 (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 380,351 21.50 % 141,538 8.00 % 185,769 10.50 % N/A N/A Waterstone Bank 355,476 20.10 % 141,515 8.00 % 185,738 10.50 % 176,893 10.00 % Tier I Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 360,734 20.39 % 106,154 6.00 % 150,385 8.50 % N/A N/A Waterstone Bank 335,859 18.99 % 106,117 6.00 % 150,332 8.50 % 141,489 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 360,734 20.39 % 79,615 4.50 % 123,846 7.00 % N/A N/A Waterstone Bank 335,859 18.99 % 79,587 4.50 % 123,803 7.00 % 114,960 6.50 % Tier I Capital (to average assets) Consolidated Waterstone Financial, Inc. 360,734 16.77 % 86,043 4.00 % N/A N/A N/A N/A Waterstone Bank 335,859 15.62 % 86,007 4.00 % N/A N/A 107,509 5.00 % State of Wisconsin (to total assets) Waterstone Bank 335,859 15.20 % 132,576 6.00 % N/A N/A N/A N/A

Note 9 - Stock Based Compensa_2

Note 9 - Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2024 2023 Minimum Maximum Minimum Maximum Dividend yield 2.99 % 5.19 % 4.22 % 6.27 % Risk-free interest rate 3.58 % 4.63 % 3.52 % 4.62 % Expected volatility 26.67 % 27.81 % 23.81 % 25.42 % Weighted average expected life 5.1 5.7 5.1 5.7 Weighted average per share value of options 2.01 2.99 1.58 2.52
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Aggregate Weighted Average Years Remaining in Intrinsic Value Stock Options Shares Exercise Price Contractual Term (000's) Outstanding December 31, 2021 594,310 $ 14.20 4.33 $ 4,158 Options exercisable at December 31, 2021 352,310 13.70 3.78 $ 2,636 Granted 35,000 18.38 $ 2 Exercised (44,690 ) 12.62 198 Forfeited (29,001 ) 18.82 1 Outstanding December 31, 2022 555,619 14.35 3.41 $ 1,708 Options exercisable at December 31, 2022 409,119 13.76 2.59 $ 1,408 Granted 40,000 14.20 $ 15 Exercised (64,219 ) 12.75 93 Forfeited (21,000 ) 19.24 - Outstanding December 31, 2023 510,400 14.34 3.17 $ 473 Options exercisable at December 31, 2023 425,400 13.92 2.08 $ 454 Granted 55,000 12.66 $ 63 Exercised (129,868 ) 12.79 85 Forfeited (15,000 ) 13.66 11 Outstanding December 31, 2024 420,532 14.62 3.48 $ 188 Options exercisable at December 31, 2024 325,190 14.51 2.02 $ 141
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Options Outstanding Weighted Average Exercise Price Remaining Life (Years) Options Exercisable Weighted Average Exercise Price Remaining Life (Years) Range of Exercise Prices: $0.01 - $10.00 - $ - - - $ - - $10.01 - $15.00 290,532 13.00 2.81 226,190 12.94 1.05 $15.01 - $20.00 115,000 17.80 4.71 90,000 17.78 3.96 Over $20.01 15,000 21.50 6.89 9,000 21.50 6.89 Total 420,532 $ 14.62 3.48 325,190 $ 14.51 2.02
Schedule of Nonvested Share Activity [Table Text Block]	Weighted Average Stock Options Shares Grant Date Fair Value Nonvested at December 31, 2022 146,500 $ 2.90 Granted 40,000 1.82 Vested (88,500 ) 3.16 Forfeited (13,000 ) 2.55 Nonvested at December 31, 2023 85,000 2.17 Nonvested at December 31, 2023 85,000 2.17 Granted 55,000 2.33 Vested (30,658 ) 2.21 Forfeited (14,000 ) 2.20 Nonvested at December 31, 2024 95,342 2.35
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Weighted Average Restricted Stock Shares Grant Date Fair Value Nonvested at December 31, 2022 45,099 $ 19.84 Granted 21,982 16.02 Vested (1,288 ) 19.80 Forfeited - - Nonvested at December 31, 2023 65,793 18.56 Nonvested at December 31, 2023 65,793 18.56 Granted 69,302 12.33 Vested (38,231 ) 16.69 Forfeited (2,005 ) 20.75 Nonvested at December 31, 2024 94,859 14.72

Note 11 - Employee Stock Owne_2

Note 11 - Employee Stock Ownership Plan (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	2024 2023 Beginning ESOP shares 1,053,781 1,159,159 Shares committed to be released (105,378 ) (105,378 ) Unreleased shares 948,403 1,053,781 Fair value of unreleased shares (in millions) $ 12.7 $ 15.0

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years ended December 31, 2024 2023 2022 (In Thousands) Current: Federal $ 3,866 $ 2,274 $ 4,731 State (49 ) 456 745 3,817 2,730 5,476 Deferred: Federal 215 (523 ) (460 ) State 765 (550 ) (24 ) 980 (1,073 ) (484 ) Valuation Allowance: Available for sale securities, net 517 - - Total $ 5,314 $ 1,657 $ 4,992
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 2024 2023 2022 (Dollars in Thousands) Income before income taxes $ 24,002 $ 11,032 $ 24,479 Tax at Federal statutory rate ( 21 5,040 2,317 5,141 Add (deduct) effect of: State income taxes net of Federal income tax (benefit) expense (1,301 ) (74 ) 570 Cash surrender value of life insurance (413 ) (359 ) (365 ) Non-deductible ESOP and stock option expense 65 73 167 Tax-exempt interest income (245 ) (205 ) (159 ) Non-deductible compensation - 87 37 Death benefit on bank owned life insurance (57 ) (8 ) (71 ) Stock compensation (32 ) - (69 ) ESOP dividends (126 ) (168 ) (273 ) Valuation allowance - available for sale securities 517 - - Valuation allowance - other temporary differences 1,867 - - Other (1 ) (6 ) 14 Income tax provision $ 5,314 $ 1,657 $ 4,992 Effective tax rate 22.1 % 15.0 % 20.4 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2024 2023 (In Thousands) Gross deferred tax assets: Depreciation $ 1,080 $ 1,054 Restricted stock and stock options 137 324 Allowance for credit losses 4,480 4,530 Allowance for unfunded commitments 305 261 Repurchase reserve for loans sold 335 446 Interest recognized for tax but not books 98 217 State net operating loss 1,368 280 Real estate owned 11 9 Lease liability 955 802 Unrealized loss on securities available for sale, net 5,798 5,520 Valuation allowance - available for sale securities (517 ) - Valuation allowance - other temporary differences (1,867 ) - Other 384 374 Total gross deferred tax assets 12,567 13,817 Gross deferred tax liabilities: Mortgage servicing rights (191 ) (467 ) FHLB stock dividends - (17 ) Lease Asset (968 ) (815 ) Deferred loan fees (466 ) (357 ) Deferred liabilities (1,625 ) (1,656 ) Net deferred tax assets $ 10,942 $ 12,161

Note 13 - Commitments, Off-ba_2

Note 13 - Commitments, Off-balance Sheet Arrangements, and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	December 31, 2024 2023 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under first mortgage loans (1) $ 19,052 $ 9,789 Commitments to extend credit under home equity lines of credit 11,531 11,722 Unused portion of construction loans 72,753 76,660 Unused portion of business lines of credit 15,061 15,378 Standby letters of credit 399 514

Note 14 - Derivative Financia_2

Note 14 - Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Derivatives Not Designated as Hedging Instruments [Table Text Block]	December 31, 2024 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in millions) Forward commitments $ 171.6 Prepaid expenses and Other assets $ 0.6 Other liabilities $ - Interest rate locks 136.2 Prepaid expenses and Other assets 0.3 Other liabilities - Interest rate swaps 140.4 Prepaid expenses and Other assets 12.6 Other liabilities 12.6 December 31, 2023 Assets Liabilities Derivatives not designated as Hedging Instruments Notional Amount Balance Sheet Location Fair Value Balance Sheet Location Fair Value (Dollars in millions) Forward commitments $ 268.8 Prepaid expenses and Other assets $ - Other liabilities $ 0.4 Interest rate locks 170.9 Prepaid expenses and Other assets 0.3 Other liabilities - Interest rate swaps 88.2 Prepaid expenses and Other assets 12.0 Other liabilities 12.0

Note 15 - Fair Value Measurem_2

Note 15 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using December 31, 2024 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 9,611 $ - $ 9,611 $ - Collateralized mortgage obligations Government sponsored enterprise issued 131,736 - 131,736 - Private-label issued 6,400 - 6,400 - Government sponsored enterprise bonds 2,440 - 2,440 - Municipal securities 47,076 - 47,076 - Other debt securities 11,286 - 11,286 - Loans held for sale 135,909 - 135,909 - Mortgage banking derivative assets 897 - - 897 Interest rate swap assets 12,575 - 12,575 - Liabilities Mortgage banking derivative liabilities 46 - - 46 Interest rate swap liabilities 12,575 - 12,575 - Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 (In Thousands) Assets Available for sale securities Mortgage-backed securities $ 11,181 $ - $ 11,181 $ - Collateralized mortgage obligations Government sponsored enterprise issued 133,467 - 133,467 - Private-label issued 7,260 - 7,260 - Government sponsored enterprise bonds 2,348 - 2,348 - Municipal securities 39,488 - 39,488 - Other debt securities 11,163 - 11,163 - Loans held for sale 164,993 - 164,993 - Mortgage banking derivative assets 334 - - 334 Interest rate swap assets 12,044 - 12,044 - Liabilities Mortgage banking derivative liabilities 364 - - 364 Interest rate swap liabilities 12,044 - 12,044 -
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Mortgage banking derivatives, net (In Thousands) Balance at December 31, 2022 $ (994 ) Mortgage derivative gain, net 964 Balance at December 31, 2023 (30 ) Mortgage derivative gain, net 881 Balance at December 31, 2024 $ 851
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using December 31, 2024 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 505 $ - $ - $ 505 Fair Value Measurements Using December 31, 2023 Level 1 Level 2 Level 3 (In Thousands) Real estate owned $ 254 $ - $ - $ 254 Impaired mortgage servicing rights 1,063 - - 1,063
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Fair Value at Significant Significant Unobservable Input Value December 31, Valuation Unobservable Minimum Maximum Weighted 2024 Technique Inputs Value Value Average (Dollars in Thousands) Mortgage banking derivatives $ 851 Pricing models Pull through rate 13.7 % 100.0 % 66.3 % Real estate owned 505 Market approach Discount rates applied to appraisals 32.4 % 96.9 % 79.6 % December 31, 2023 Mortgage banking derivatives $ (30 ) Pricing models Pull through rate 20.5 % 99.9 % 69.8 % Real estate owned 254 Market approach Discount rates applied to appraisals 23.3 % 73.1 % 39.3 % Mortgage servicing rights 1,063 Pricing models Prepayment rate 6.7 % 23.9 % 14.6 % Discount rate 10.0 % 15.5 % 11.2 % Cost to service $ 77 $ 471 $ 107
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2024 December 31, 2023 Carrying Carrying amount Fair Value amount Fair Value Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (In Thousands) Financial Assets Cash and cash equivalents $ 39,761 $ 39,761 $ 39,761 $ - $ - $ 36,421 $ 36,421 $ 36,421 $ - $ - Loans receivable 1,680,576 1,603,437 - - 1,603,437 1,664,215 1,558,472 - - 1,558,472 FHLB stock 20,295 20,295 20,295 - - 20,880 20,880 20,880 - - Accrued interest receivable 7,853 7,853 7,853 - - 7,421 7,421 7,421 - - Mortgage servicing rights 732 807 - - 807 1,811 2,207 - - 2,207 - - Financial Liabilities Deposits 1,359,897 1,359,381 454,358 905,023 - 1,190,624 1,189,274 460,340 728,934 - Advance payments by borrowers for taxes 5,630 5,630 5,630 - - 6,607 6,607 6,607 - - Borrowings 446,519 439,455 - 439,455 - 611,054 602,948 - 602,948 - Accrued interest payable 3,340 3,340 3,340 - - 2,613 2,613 2,613 - -

Note 16 - Earnings Per Share (T

Note 16 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the year ended December 31, 2024 2023 2022 (In Thousands, except for per share amounts) Net income $ 18,688 $ 9,375 $ 19,487 Weighted average shares outstanding 18,556 20,158 21,884 Effect of dilutive potential common shares 33 38 126 Diluted weighted average shares outstanding $ 18,589 $ 20,196 $ 22,010 Basic income per share $ 1.01 $ 0.47 $ 0.89 Diluted income per share $ 1.01 $ 0.46 $ 0.89

Note 17 - Condensed Parent Co_2

Note 17 - Condensed Parent Company Only Statements (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Condensed Balance Sheet [Table Text Block]	December 31, 2024 2023 (In Thousands) Assets Cash and cash equivalents $ 13,873 $ 28,036 Investment in subsidiaries 328,145 319,181 Other assets 294 301 Total assets $ 342,312 $ 347,518 Liabilities and shareholders' equity Liabilities: Other liabilities 3,177 3,462 Shareholders' equity Preferred Stock (par value $ .01 50,000,000 no - - Common stock (par value $ .01 100,000,000 19,343,251 20,314,786 193 203 Additional paid-in-capital 91,214 103,908 Retained earnings 277,196 269,606 Unearned ESOP shares (10,682 ) (11,869 ) Accumulated other comprehensive loss, net of taxes (18,786 ) (17,792 ) Total shareholders' equity 339,135 344,056 Total liabilities and shareholders' equity $ 342,312 $ 347,518
Condensed Income Statement [Table Text Block]	For the year ended December 31, 2024 2023 2022 (In Thousands) Interest income $ 1,105 $ 1,212 $ 607 Equity in income of subsidiaries 18,347 8,964 19,507 Total income 19,452 10,176 20,114 Professional fees $ 28 38 30 Other expense 640 631 603 Total expense 668 669 633 Income before income tax expense (benefit) 18,784 9,507 19,481 Income tax expense (benefit) 96 132 (6 ) Net income $ 18,688 $ 9,375 $ 19,487
Condensed Cash Flow Statement [Table Text Block]	For the year ended December 31, 2024 2023 2022 (In Thousands) Cash flows from operating activities Net income $ 18,688 $ 9,375 $ 19,487 Adjustments to reconcile net income to net cash provided by operating activities: Amortization of unearned ESOP 1,420 1,461 1,889 Stock based compensation 316 277 583 Equity in loss of subsidiaries (18,347 ) (8,964 ) (19,507 ) Change in other assets and liabilities (424 ) (59 ) 89 Net cash provided by operating activities 1,653 2,090 2,541 Net cash used in investing activities - - - Dividends received from subsidiary 8,705 14,754 55,594 Cash Dividends on Common Stock (11,268 ) (15,363 ) (30,260 ) Proceeds from stock option exercises 1,662 820 564 Purchase of common stock returned to authorized but unissued (14,915 ) (26,032 ) (47,830 ) Net cash used in financing activities (15,816 ) (25,821 ) (21,932 ) Net decrease in cash (14,163 ) (23,731 ) (19,391 ) Cash and cash equivalents at beginning of year 28,036 51,767 71,158 Cash and cash equivalents at end of year $ 13,873 $ 28,036 $ 51,767

Note 18 - Segment Reporting (Ta

Note 18 - Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	As of or for the Year ended December 31, 2024 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 47,968 $ (1,945 ) $ 145 $ 46,168 Provision (credit) for credit losses (145 ) (23 ) - (168 ) Net interest income after provision (credit) for credit losses 48,113 (1,922 ) 145 46,336 Noninterest income 5,303 84,250 (251 ) 89,302 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 20,685 61,353 (960 ) 81,078 Occupancy, office furniture and equipment 3,712 3,861 - 7,573 Advertising 918 2,636 - 3,554 Data processing 2,791 2,169 18 4,978 Communications 306 616 - 922 Professional fees 771 2,385 28 3,184 Real estate owned 26 - - 26 Loan processing expense - 3,090 - 3,090 Other 2,528 4,333 370 7,231 Total noninterest expenses 31,737 80,443 (544 ) 111,636 Income before income taxes 21,679 1,885 438 24,002 Income taxes 4,697 521 96 5,314 Net income $ 16,982 $ 1,364 $ 342 $ 18,688 Total assets $ 2,441,677 $ 177,875 $ (409,944 ) $ 2,209,608 As of or for the Year ended December 31, 2023 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 51,733 $ (1,821 ) $ 303 $ 50,215 Provision for credit losses 441 215 - 656 Net interest income after provision for credit losses 51,292 (2,036 ) 303 49,559 Noninterest income 4,387 78,472 (1,674 ) 81,185 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 19,866 65,095 (865 ) 84,096 Occupancy, office furniture and equipment 3,672 4,651 - 8,323 Advertising 977 2,802 - 3,779 Data processing 2,501 2,130 22 4,653 Communications 295 693 - 988 Professional fees 726 1,922 38 2,686 Real estate owned 4 - - 4 Loan processing expense - 3,428 - 3,428 Other 3,868 8,953 (1,066 ) 11,755 Total noninterest expenses 31,909 89,674 (1,871 ) 119,712 Income (loss) before income taxes (benefit) 23,770 (13,238 ) 500 11,032 Income taxes (benefit) 5,137 (3,612 ) 132 1,657 Net income (loss) $ 18,633 $ (9,626 ) $ 368 $ 9,375 Total assets $ 2,178,488 $ 206,452 $ (171,551 ) $ 2,213,389 As of or for the Year ended December 31, 2022 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 56,606 $ 157 $ 191 $ 56,954 Provision for credit losses 677 291 - 968 Net interest income after provision for credit losses 55,929 (134 ) 191 55,986 Noninterest income 5,221 104,101 (3,767 ) 105,555 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 19,013 81,010 (458 ) 99,565 Occupancy, office furniture and equipment 3,645 5,061 - 8,706 Advertising 887 3,089 - 3,976 Data processing 2,229 2,234 7 4,470 Communications 357 832 - 1,189 Professional fees 508 1,278 29 1,815 Real estate owned 19 - - 19 Loan processing expense - 4,744 - 4,744 Other 5,551 10,197 (3,170 ) 12,578 Total noninterest expenses 32,209 108,445 (3,592 ) 137,062 Income (loss) before income taxes (benefit) 28,941 (4,478 ) 16 24,479 Income taxes (benefit) 6,116 (1,117 ) (7 ) 4,992 Net income (loss) $ 22,825 $ (3,361 ) $ 23 $ 19,487 Total assets $ 2,009,727 $ 198,625 $ (176,680 ) $ 2,031,672

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual)		12 Months Ended
		Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Operating Segments		2
Mortgage Loans Selling Period (Day)		45 days
Percentage of Costs Expensed on Appropriate Noninterest Expense		76.30%
Minimum Number of Consecutive Contractual Payments		6
Financing Receivable, Allowance for Credit Loss, Ending Balance		$ 18,247,000	$ 18,549,000	$ 17,757,000		$ 15,778,000
Retained Earnings (Accumulated Deficit), Total		277,196,000	269,606,000
Deferred Tax Assets, Gross		12,567,000	13,817,000
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance		$ 1,200,000	$ 1,100,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance	[1]					$ 430,000
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance					$ 430,000
Retained Earnings (Accumulated Deficit), Total					(1,400,000)
Deferred Tax Assets, Gross					439,000
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance					$ 1,400,000
Minimum [Member] | Accounting Standards Update 2019-04 [Member]
Percentage Change in Allowance for Credit Losses		0%
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		30 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Computer Software, Intangible Asset [Member]
Property, Plant and Equipment, Useful Life (Year)		3 years
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The 2021 amounts presented are calculated under the prior accounting standard.

Note 2 - Securities Available_3

Note 2 - Securities Available for Sale (Details Textual)	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Securities, Unrealized Loss Position, Number of Positions	182
Debt Securities, Available-for-Sale, Allowance for Credit Loss	$ 0	$ 0
Proceeds from Sale of Debt Securities, Available-for-Sale	0	0	$ 0
Mortgage-related Securities [Member] | Asset Pledged as Collateral [Member]
Debt Securities, Available-for-Sale, Restricted	$ 114,000	$ 183,000

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	Dec. 31, 2024	Dec. 31, 2023
Securities available for sale, cost	$ 232,630	$ 227,716
Gross unrealized gains	460	1,197
Gross unrealized losses	(24,541)	(24,006)
Fair value	208,549	204,907
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, cost	11,285	12,651
Gross unrealized gains	0	5
Gross unrealized losses	(1,674)	(1,475)
Fair value	9,611	11,181
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Securities available for sale, cost	151,200	152,700
Gross unrealized gains	77	212
Gross unrealized losses	(19,541)	(19,445)
Fair value	131,736	133,467
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Securities available for sale, cost	7,122	8,061
Gross unrealized gains	0	0
Gross unrealized losses	(722)	(801)
Fair value	6,400	7,260
Mortgage-related Securities [Member]
Securities available for sale, cost	169,607	173,412
Gross unrealized gains	77	217
Gross unrealized losses	(21,937)	(21,721)
Fair value	147,747	151,908
US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, cost	2,500	2,500
Gross unrealized gains	0	0
Gross unrealized losses	(60)	(152)
Fair value	2,440	2,348
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, cost	48,023	39,304
Gross unrealized gains	383	980
Gross unrealized losses	(1,330)	(796)
Fair value	47,076	39,488
Other Debt Obligations [Member]
Securities available for sale, cost	12,500	12,500
Gross unrealized gains	0	0
Gross unrealized losses	(1,214)	(1,337)
Fair value	11,286	11,163
Debt Securities [Member]
Securities available for sale, cost	63,023	54,304
Debt [Member]
Gross unrealized gains	383	980
Gross unrealized losses	(2,604)	(2,285)
Fair value	$ 60,802	$ 52,999

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	Dec. 31, 2024	Dec. 31, 2023
Due within one year, amortized cost	$ 8,088
Due within one year, fair value	8,034
Due after one year through five years, amortized cost	4,077
Due after one year through five years, fair value	4,177
Due after five years through ten years, amortized cost	29,457
Due after five years through ten years, fair value	28,150
Due after ten years, amortized cost	21,401
Due after ten years, fair value	20,441
Amortized cost	232,630	$ 227,716
Fair value	208,549	204,907
Mortgage-related Securities [Member]
Without single date securities	169,607
Without single date securities, fair value	147,747
Amortized cost	169,607	173,412
Fair value	$ 147,747	$ 151,908

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	Dec. 31, 2024	Dec. 31, 2023
Fair value, less than 12 months	$ 41,496	$ 10,254
Unrealized loss, less than 12 months	673	79
Fair value, 12 months or longer	129,014	146,522
Unrealized loss, 12 months or longer	23,868	23,927
Total fair value	170,510	156,776
Total unrealized loss	24,541	24,006
Collateralized Mortgage-Backed Securities [Member]
Fair value, less than 12 months	346	215
Unrealized loss, less than 12 months	9	1
Fair value, 12 months or longer	9,193	10,682
Unrealized loss, 12 months or longer	1,665	1,474
Total fair value	9,539	10,897
Total unrealized loss	1,674	1,475
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Fair value, less than 12 months	21,145	2,442
Unrealized loss, less than 12 months	330	42
Fair value, 12 months or longer	95,587	110,271
Unrealized loss, 12 months or longer	19,211	19,403
Total fair value	116,732	112,713
Total unrealized loss	19,541	19,445
US Government-sponsored Enterprises Debt Securities [Member]
Fair value, less than 12 months	0	0
Unrealized loss, less than 12 months	0	0
Fair value, 12 months or longer	5,445	6,250
Unrealized loss, 12 months or longer	722	801
Total fair value	5,445	6,250
Total unrealized loss	722	801
Mortgage-Backed Securities, Issued by Private Enterprises [Member]
Fair value, less than 12 months	0	0
Unrealized loss, less than 12 months	0	0
Fair value, 12 months or longer	2,440	2,348
Unrealized loss, 12 months or longer	60	152
Total fair value	2,440	2,348
Total unrealized loss	60	152
US States and Political Subdivisions Debt Securities [Member]
Fair value, less than 12 months	20,005	7,597
Unrealized loss, less than 12 months	334	36
Fair value, 12 months or longer	5,063	5,808
Unrealized loss, 12 months or longer	996	760
Total fair value	25,068	13,405
Total unrealized loss	1,330	796
Other Debt Obligations [Member]
Fair value, less than 12 months	0	0
Unrealized loss, less than 12 months	0	0
Fair value, 12 months or longer	11,286	11,163
Unrealized loss, 12 months or longer	1,214	1,337
Total fair value	11,286	11,163
Total unrealized loss	$ 1,214	$ 1,337

Note 3 - Loans Receivable (Deta

Note 3 - Loans Receivable (Details Textual)		12 Months Ended
		Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Percentage of Loans Secured by Residential Real Estate		75.60%
Financing Receivable, before Allowance for Credit Loss		$ 1,680,576,000	$ 1,664,215,000
Financing Receivable, Nonaccrual		5,665,000	4,808,000
Financing Receivable, 90 Days or More Past Due, Still Accruing		0	0
Financing Receivable, Allowance for Credit Loss, Ending Balance		18,247,000	$ 18,549,000	$ 17,757,000	$ 15,778,000
Loans Requiring Officers Loans Committee Review and Approval, Minimum		500,000
Minimum Amount of Potential Loan Exposure to be Reviewed by Credit Management Personnel		1,000,000
Minimum Amount of Potential Loan Exposure to be Reviewed		$ 200,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts		0	0
Financing Receivable, Troubled Debt Restructuring, Number of Contracts			1
Financing Receivable, Modified in Period, Amount			$ 528,000
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss, Ending Balance		$ 1,200,000	1,100,000
One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss		516,128,000	551,190,000
Financing Receivable, Nonaccrual		5,515,000	4,503,000
Financing Receivable, Allowance for Credit Loss, Ending Balance		5,286,000	6,886,000	$ 4,743,000	$ 3,963,000
Mortgage Loans in Process of Foreclosure, Amount		1,900,000	250,000,000,000
Financial Asset, 1 to 59 Days Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[1]	9,732,000	5,528,000
Financing Receivable, Nonaccrual		522,000	193,000
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	[1]	9,107,000	5,265,000
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[2]	1,405,000	1,289,000
Financing Receivable, Nonaccrual		1,100,000	11,000
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	[2]	1,405,000	1,283,000
Financial Asset, Not Past Due [Member]
Financing Receivable, before Allowance for Credit Loss	[3]	1,665,454,000	1,652,965,000
Financing Receivable, Nonaccrual		28,000	171,000
Financial Asset, Not Past Due [Member] | One to Four Family [Member] | Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	[3]	501,661,000	540,372,000
Federal Home Loan Bank of Chicago [Member]
Federal Home Loan Bank, Advance		443,600,000	464,000,000
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Financing Receivable, before Allowance for Credit Loss		$ 1,230,000,000	$ 1,250,000,000
[1]Includes $522,000 and $193,000 for December 31, 2024 and 2023, respectively, which are on non-accrual status.[2]Includes $1.1 million and $11,000 for December 31, 2024 and 2023, respectively, which are on non-accrual status.[3]Includes $28,000 and $171,000 for December 31, 2024 and 2023, respectively, which are on non-accrual status.

Note 3 - Loans Receivable - Sum

Note 3 - Loans Receivable - Summary of Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Loans receivable	$ 1,680,576	$ 1,664,215
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	516,128	551,190
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	741,428	707,566
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	13,188	13,228
Construction and Land Portfolio Segment [Member]
Loans receivable	61,427	53,371
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	313,494	300,892
Consumer Portfolio Segment [Member]
Loans receivable	825	848
Commercial Portfolio Segment [Member]
Loans receivable	$ 34,086	$ 37,120

Note 3 - Loans Receivable - Ana

Note 3 - Loans Receivable - Analysis of Past Due Loans (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Loans receivable		$ 1,680,576	$ 1,664,215
Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	9,732	5,528
Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	1,405	1,289
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		3,985	4,433
Financial Asset, Past Due [Member]
Loans receivable		15,122	11,250
Financial Asset, Not Past Due [Member]
Loans receivable	[3]	1,665,454	1,652,965
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable		516,128	551,190
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	9,107	5,265
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	1,405	1,283
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		3,955	4,270
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Past Due [Member]
Loans receivable		14,467	10,818
Residential Portfolio Segment [Member] | One to Four Family [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	501,661	540,372
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable		741,428	707,566
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	183	0
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	6
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		183	6
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	741,245	707,560
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable		13,188	13,228
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	194	209
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		30	34
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Past Due [Member]
Loans receivable		224	243
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	12,964	12,985
Construction and Land Portfolio Segment [Member]
Loans receivable		61,427	53,371
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]	61,427	53,371
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		313,494	300,892
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	248	54
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	[2]	0	0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable		0	129
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		248	183
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	313,246	300,709
Consumer Portfolio Segment [Member]
Loans receivable		825	848
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]	825	848
Commercial Portfolio Segment [Member]
Loans receivable		34,086	37,120
Commercial Portfolio Segment [Member] | Financial Asset, 1 to 59 Days Past Due [Member]
Loans receivable	[1]	0	0
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		0	0
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans receivable		0	0
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans receivable	[3]	$ 34,086	$ 37,120
[1]Includes $522,000 and $193,000 for December 31, 2024 and 2023, respectively, which are on non-accrual status.[2]Includes $1.1 million and $11,000 for December 31, 2024 and 2023, respectively, which are on non-accrual status.[3]Includes $28,000 and $171,000 for December 31, 2024 and 2023, 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		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Balance at beginning of period		$ 18,549	$ 17,757	$ 15,778
Provision (credit) for credit losses - loans		(342)	927	1,030
Charge-offs		(88)	(205)	(320)
Recoveries		128	70	839
Balance at end of period		18,247	18,549	17,757
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			430
Residential Portfolio Segment [Member] | One to Four Family [Member]
Balance at beginning of period		6,886	4,743	3,963
Provision (credit) for credit losses - loans		(1,708)	2,259	918
Charge-offs		(3)	(168)	(304)
Recoveries		111	52	78
Balance at end of period		5,286	6,886	4,743
Residential Portfolio Segment [Member] | One to Four Family [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			88
Residential Portfolio Segment [Member] | Multifamily [Member]
Balance at beginning of period		7,318	7,975	5,398
Provision (credit) for credit losses - loans		(249)	(665)	1,750
Charge-offs		0	0	0
Recoveries		10	8	727
Balance at end of period		7,079	7,318	7,975
Residential Portfolio Segment [Member] | Multifamily [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			100
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Balance at beginning of period		211	174	89
Provision (credit) for credit losses - loans		1	33	9
Charge-offs		0	0	0
Recoveries		0	4	18
Balance at end of period		212	211	174
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			58
Construction and Land Portfolio Segment [Member]
Balance at beginning of period		983	1,352	1,386
Provision (credit) for credit losses - loans		218	(372)	(923)
Charge-offs		0	0	0
Recoveries		4	3	3
Balance at end of period		1,205	983	1,352
Construction and Land Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			886
Commercial Real Estate Portfolio Segment [Member]
Balance at beginning of period		2,561	3,199	4,482
Provision (credit) for credit losses - loans		1,357	(641)	(656)
Charge-offs		(1)	0	0
Recoveries		3	3	13
Balance at end of period		3,920	2,561	3,199
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			(640)
Consumer Portfolio Segment [Member]
Balance at beginning of period		56	47	33
Provision (credit) for credit losses - loans		107	46	23
Charge-offs		(84)	(37)	(16)
Recoveries		0	0	0
Balance at end of period		79	56	47
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			7
Commercial Portfolio Segment [Member]
Balance at beginning of period		534	267	427
Provision (credit) for credit losses - loans		(68)	267	(91)
Charge-offs		0	0	0
Recoveries		0	0	0
Balance at end of period		$ 466	$ 534	267
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at beginning of period	[1]			$ (69)
[1]The Company adopted ASU 2016-13 as of January 1, 2022. The 2021 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Provision (credit) for credit losses - loans	$ (342)	$ 927	$ 1,030
Investment securities, provision for credit losses	0	0	0
Total, provision for credit losses	(168)	656	968
Unfunded Loan Commitment [Member]
Provision (credit) for credit losses - loans	$ 174	$ (271)	$ (62)

Note 3 - Loans Receivable - Col

Note 3 - Loans Receivable - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, before Allowance for Credit Loss	$ 1,680,576	$ 1,664,215
Residential Portfolio Segment [Member] | One to Four Family [Member]
Financing Receivable, before Allowance for Credit Loss	516,128	551,190
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing Receivable, before Allowance for Credit Loss	13,188	13,228
Construction and Land Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	61,427	53,371
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	313,494	300,892
Consumer Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	825	848
Commercial Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	34,086	37,120
Collateral Dependent Loans [Member]
Financing Receivable, before Allowance for Credit Loss	10,093	9,328
Collateral Dependent Loans [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Financing Receivable, before Allowance for Credit Loss	3,323	2,209
Collateral Dependent Loans [Member] | Residential Portfolio Segment [Member] | Multi-family Loan [Member]
Financing Receivable, before Allowance for Credit Loss	0	0
Collateral Dependent Loans [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing Receivable, before Allowance for Credit Loss	150	90
Collateral Dependent Loans [Member] | Construction and Land Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	0	0
Collateral Dependent Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	5,015	5,493
Collateral Dependent Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	0	0
Collateral Dependent Loans [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	$ 1,605	$ 1,536

Note 3 - Loans Receivable - Cre

Note 3 - Loans Receivable - Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 1,680,576	$ 1,664,215
Originated current year	223,353	457,414
Originated one years before	422,359	461,197
Originated two years before	399,336	255,554
Originated three years before	235,390	189,398
Originated four years before	169,655	86,529
Originated five years before	210,260	189,667
Revolving	20,223	24,456
Gross charge-offs, current year	3	168
Gross charge-offs, one year before	0	0
Gross charge-offs, two years before	0	0
Gross charge-offs, three years before	0	0
Gross charge-offs, four years before	0	0
Gross charge-offs, five years before	1	0
Gross charge-offs, revolving	84	37
Gross charge-offs, total	88	205	$ 320
Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	516,128	551,190
Originated current year	42,526	202,798
Originated one years before	173,855	167,621
Originated two years before	147,808	46,378
Originated three years before	41,704	33,295
Originated four years before	26,395	19,966
Originated five years before	83,229	80,205
Revolving	611	927
Gross charge-offs, total	3	168	304
Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	741,428	707,566
Originated current year	81,119	122,480
Originated one years before	138,414	214,080
Originated two years before	196,939	135,823
Originated three years before	125,252	117,669
Originated four years before	108,779	44,878
Originated five years before	90,155	71,818
Revolving	770	818
Gross charge-offs, total	0	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	13,188	13,228
Originated current year	379	1,084
Originated one years before	478	273
Originated two years before	1,594	178
Originated three years before	163	98
Originated four years before	91	87
Originated five years before	226	342
Revolving	10,257	11,166
Gross charge-offs, total	0	0	0
Construction and Land Portfolio Segment [Member]
Loans receivable	61,427	53,371
Originated current year	23,029	38,079
Originated one years before	25,384	1,348
Originated two years before	143	9,349
Originated three years before	9,144	2,146
Originated four years before	1,501	2,255
Originated five years before	2,226	194
Revolving	0	0
Gross charge-offs, total	0	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	313,494	300,892
Originated current year	75,352	75,954
Originated one years before	67,217	76,196
Originated two years before	51,582	62,922
Originated three years before	58,574	33,522
Originated four years before	30,827	19,250
Originated five years before	29,289	31,673
Revolving	653	1,375
Gross charge-offs, total	1	0	0
Consumer Portfolio Segment [Member]
Loans receivable	825	848
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	825	848
Gross charge-offs, total	84	37	16
Commercial Portfolio Segment [Member]
Loans receivable	34,086	37,120
Originated current year	948	17,019
Originated one years before	17,011	1,679
Originated two years before	1,270	904
Originated three years before	553	2,668
Originated four years before	2,062	93
Originated five years before	5,135	5,435
Revolving	7,107	9,322
Gross charge-offs, total	0	0	$ 0
Substandard [Member]
Loans receivable	18,991	11,621
Substandard [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	5,515	4,503
Originated current year	1,673	1,450
Originated one years before	815	353
Originated two years before	453	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	2,574	2,700
Revolving	0	0
Substandard [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	0	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Substandard [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	150	90
Originated current year	0	0
Originated one years before	0	18
Originated two years before	16	17
Originated three years before	14	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	120	55
Substandard [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	0	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	11,721	5,492
Originated current year	11,484	5,277
Originated one years before	237	129
Originated two years before	0	0
Originated three years before	0	86
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans receivable	0	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans receivable	1,605	1,536
Originated current year	0	0
Originated one years before	0	48
Originated two years before	30	0
Originated three years before	0	0
Originated four years before	0	13
Originated five years before	0	0
Revolving	1,575	1,475
Pass [Member]
Loans receivable	1,650,766	1,644,626
Pass [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	500,938	539,102
Originated current year	33,349	196,255
Originated one years before	172,934	166,555
Originated two years before	146,069	46,378
Originated three years before	41,704	33,295
Originated four years before	26,323	19,966
Originated five years before	79,948	75,726
Revolving	611	927
Pass [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	741,245	707,183
Originated current year	81,119	122,289
Originated one years before	138,231	214,074
Originated two years before	196,939	135,823
Originated three years before	125,252	117,669
Originated four years before	108,779	44,878
Originated five years before	90,155	71,632
Revolving	770	818
Pass [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	13,038	13,138
Originated current year	379	1,084
Originated one years before	478	255
Originated two years before	1,578	161
Originated three years before	149	98
Originated four years before	91	87
Originated five years before	226	342
Revolving	10,137	11,111
Pass [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	61,284	53,371
Originated current year	23,029	38,079
Originated one years before	25,384	1,348
Originated two years before	0	9,349
Originated three years before	9,144	2,146
Originated four years before	1,501	2,255
Originated five years before	2,226	194
Revolving	0	0
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	301,030	295,400
Originated current year	63,660	70,677
Originated one years before	66,980	76,067
Originated two years before	51,175	62,922
Originated three years before	58,574	33,436
Originated four years before	30,699	19,250
Originated five years before	29,289	31,673
Revolving	653	1,375
Pass [Member] | Consumer Portfolio Segment [Member]
Loans receivable	825	848
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	825	848
Pass [Member] | Commercial Portfolio Segment [Member]
Loans receivable	32,406	35,584
Originated current year	948	17,019
Originated one years before	17,011	1,631
Originated two years before	1,240	904
Originated three years before	553	2,668
Originated four years before	2,062	80
Originated five years before	5,135	5,435
Revolving	5,457	7,847
Watch [Member]
Loans receivable	10,819	7,968
Watch [Member] | Residential Portfolio Segment [Member] | One to Four Family [Member]
Loans receivable	9,675	7,585
Originated current year	7,504	5,093
Originated one years before	106	713
Originated two years before	1,286	0
Originated three years before	0	0
Originated four years before	72	0
Originated five years before	707	1,779
Revolving	0	0
Watch [Member] | Residential Portfolio Segment [Member] | Multifamily [Member]
Loans receivable	183	383
Originated current year	0	191
Originated one years before	183	6
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	186
Revolving	0	0
Watch [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable	0	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Watch [Member] | Construction and Land Portfolio Segment [Member]
Loans receivable	143	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	143	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Watch [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans receivable	743	0
Originated current year	208	0
Originated one years before	0	0
Originated two years before	407	0
Originated three years before	0	0
Originated four years before	128	0
Originated five years before	0	0
Revolving	0	0
Watch [Member] | Consumer Portfolio Segment [Member]
Loans receivable	0	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	0	0
Watch [Member] | Commercial Portfolio Segment [Member]
Loans receivable	75	0
Originated current year	0	0
Originated one years before	0	0
Originated two years before	0	0
Originated three years before	0	0
Originated four years before	0	0
Originated five years before	0	0
Revolving	$ 75	$ 0

Note 3 - Loans Receivable - Tro

Note 3 - Loans Receivable - Trouble Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Amount	$ 543
Number	2
Number	2
Interest Reduction and Principal Forbearance [Member]
Amount	$ 0
Number	0
Contractual Interest Rate Reduction [Member]
Amount	$ 15
Number	1
Principal Forgiveness [Member]
Amount	$ 528
Number	1
Accruing [Member]
Amount	$ 0
Number	0
Performing Financial Instruments [Member]
Amount	$ 543
Number	2
Performing Financial Instruments [Member] | Interest Reduction and Principal Forbearance [Member]
Amount	$ 0
Number	0
Performing Financial Instruments [Member] | Contractual Interest Rate Reduction [Member]
Amount	$ 15
Number	1
Performing Financial Instruments [Member] | Principal Forgiveness [Member]
Amount	$ 528
Number	1
Non Accruing [Member]
Amount	$ 543
Number	2
Nonperforming Financial Instruments [Member]
Amount	$ 0
Number	0
Nonperforming Financial Instruments [Member] | Interest Reduction and Principal Forbearance [Member]
Amount	$ 0
Number	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	$ 543
Number	2
Residential Portfolio Segment [Member] | One to Four Family [Member] | Accruing [Member]
Amount	$ 0
Number	0
Residential Portfolio Segment [Member] | One to Four Family [Member] | Non Accruing [Member]
Amount	$ 543
Number	2

Note 3 - Loans Receivable - Non

Note 3 - Loans Receivable - Non-accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Non-accrual loans	$ 5,665	$ 4,808
Total non-accrual loans to total loans	0.34%	0.29%
Total non-accrual loans to total assets	0.26%	0.22%
Residential Portfolio Segment [Member] | One to Four Family [Member]
Non-accrual loans	$ 5,515	$ 4,503
Residential Portfolio Segment [Member] | Multifamily [Member]
Non-accrual loans	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Non-accrual loans	150	90
Construction and Land Portfolio Segment [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member]
Non-accrual loans	0	215
Commercial Portfolio Segment [Member]
Non-accrual loans	0	0
Consumer Portfolio Segment [Member]
Non-accrual loans	$ 0	$ 0

Note 4 - Office Properties an_3

Note 4 - Office Properties and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Depreciation	$ 1.6	$ 1.7	$ 1.8

Note 4 - Office Properties an_4

Note 4 - Office Properties and Equipment - Schedule of Office Properties and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Gross	$ 54,217	$ 54,719
Less accumulated depreciation	(34,828)	(34,724)
Total, net	19,389	19,995
Land [Member]
Gross	7,454	7,454
Building and Building Improvements [Member]
Gross	33,468	34,275
Furniture Fixtures and Equipment [Member]
Gross	$ 13,295	$ 12,990

Note 5 - Mortgage Servicing R_3

Note 5 - Mortgage Servicing Rights (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unpaid Principal Balance of Loans Serviced for Others	$ 83,400,000	$ 238,700,000
Servicing Asset at Amortized Cost, Fair Value	807,000,000,000	2,200,000
Mortgage Servicing Rights, Underlying Financing Receivable	233,000,000	318,400,000
Mortgage Servicing Rights, Underlying Financing Receivable, Book Value	2,000,000	2,900,000
Proceeds from Sale of Mortgage Servicing Rights (MSR)	2,110,000	3,530,000	$ 0
Gain (Loss) on Sales of Mortgage-Backed Securities (MBS)	$ 152,000	$ 583,000

Note 5 - Mortgage Servicing R_4

Note 5 - Mortgage Servicing Rights - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Mortgage servicing rights at beginning of the year	$ 1,811	$ 3,444
Additions	850	1,773
Amortization	(291)	(319)
Sales	(1,958)	(2,767)
Mortgage servicing rights at end of the year	412	2,131
Valuation allowance recovered during the year	320	(320)
Mortgage servicing rights at the end of the year, net	$ 732	$ 1,811

Note 5 - Mortgage Servicing R_5

Note 5 - Mortgage Servicing Rights - Future Amortization Expenses (Details) $ in Thousands	Dec. 31, 2024 USD ($)
2025	$ 132
2026	120
2027	107
2028	93
2029	80
Thereafter	200
Total	$ 732

Note 6 - Deposits (Details Text

Note 6 - Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deposit Liability, Uninsured	$ 167.3	$ 131.4
Related Party Deposit Liabilities	$ 11.3	$ 9

Note 6 - Deposits - Summary of

Note 6 - Deposits - Summary of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest-bearing demand deposits	$ 98	$ 82	$ 61
Money market and savings deposits	5,654	4,529	1,201
Time deposits	34,821	21,127	3,601
Interest Expense, Deposits	$ 40,573	$ 25,738	$ 4,863

Note 6 - Deposits - Maturities

Note 6 - Deposits - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Within one year	$ 842,390
More than one to two years	60,554
More than two to three years	1,906
More than three to four years	366
More than four through five years	323
Time Deposits	$ 905,539	$ 730,284

Note 7 - Borrowings (Details Te

Note 7 - Borrowings (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Short-Term Debt		$ 147,054
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 20,300	20,900
Residential Portfolio Segment [Member] | One to Four Family [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	76%
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	62%
Residential Portfolio Segment [Member] | Over Four Family [Member]
Federal Home Loan Bank Advances, Maximum Percentage of Loan Carrying Value	73%
Repurchase Agreements [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Short-Term Debt	$ 2,966	$ 2,054

Note 7 - Borrowings - Borrowing

Note 7 - Borrowings - Borrowing (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Borrowings	$ 446,519	$ 611,054
Short term balance		$ 147,054
Short term balance, weighted average rate		4.88%
Federal Reserve Bank Advances [Member]
Short term balance		$ 145,000
Short term balance, weighted average rate		4.83%
Repurchase Agreements [Member]
Short term balance	$ 2,966	$ 2,054
Total FHLB advances, percent	7.49%	8.20%
Federal Reserve Borrowings Maturing July 18, 2024 [Member] | Federal Reserve Bank Advances [Member]
Short term balance		$ 145,000
Short term balance, weighted average rate		4.83%
Total Borrowing [Member]
Borrowings	$ 446,519
Total FHLB advances, percent	3.92%	4.62%
Federal Home Loan Bank of Chicago [Member]
Borrowings	$ 443,553	$ 464,000
Long-term debt, weighted average rate	2.89%
Short term balance	$ 293,553	$ 309,000
Short term balance, weighted average rate	4.41%	5.37%
Total FHLB advances, percent	3.89%	4.54%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2027 [Member]
Borrowings	$ 10,000	$ 10,000
Long-term debt, weighted average rate	3.48%	3.52%
Short term balance		$ 27,000
Short term balance, weighted average rate		5.42%
Federal Home Loan Bank of Chicago [Member] | Longterm Debt Maturing 2025, 2 [Member]
Borrowings		$ 50,000
Long-term debt, weighted average rate		1.73%
Short term balance		$ 24,500
Short term balance, weighted average rate		5.39%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2027 Two [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.47%
Federal Home Loan Bank of Chicago [Member] | Long-Term Debt Maturing 2025 3 [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.51%
Short term balance		$ 23,500
Short term balance, weighted average rate		4.79%
Federal Home Loan Bank of Chicago [Member] | Advance, December 2027 Maturity [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.49%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 [Member]
Borrowings	$ 50,000
Long-term debt, weighted average rate	1.73%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2028, One [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.49%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 One [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.54%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2028, Two [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.49%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Two [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.55%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2028, Three and Four [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.46%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Three [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.48%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2028, Five [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.47%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Four [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.43%
Federal Home Loan Bank of Chicago [Member] | Short-term Debt Maturing October 2, 2023 1 [Member]
Borrowings		$ 15,000
Long-term debt, weighted average rate		3.39%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Five [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.47%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 2, 2023 2 [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.38%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Six [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.40%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 2, 2023 3 [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.43%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2029 Seven [Member]
Borrowings	$ 10,000
Long-term debt, weighted average rate	3.35%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 5, 2023 [Member]
Borrowings		$ 10,000
Long-term debt, weighted average rate		3.31%
Federal Home Loan Bank of Chicago [Member] | Long-Term Borrowings [Member]
Borrowings	$ 150,000	$ 155,000
Long-term debt, weighted average rate		2.89%
Federal Home Loan Bank of Chicago [Member] | Long Term Debt Maturing 2034 [Member]
Borrowings	$ 80,300
Long-term debt, weighted average rate	4.44%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 12, 2023 [Member]
Short term balance		$ 60,000
Short term balance, weighted average rate		5.44%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 1, 2024 Member]
Short term balance	$ 16,000
Short term balance, weighted average rate	4.59%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 16, 2023 1 [Member]
Short term balance		$ 20,000
Short term balance, weighted average rate		5.45%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 3, 2024 One Member]
Short term balance	$ 27,453
Short term balance, weighted average rate	4.59%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 16, 2023 2[Member]
Short term balance		$ 20,000
Short term balance, weighted average rate		5.48%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 3, 2024 Two Member]
Short term balance	$ 10,000
Short term balance, weighted average rate	3.53%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 18, 2023 [Member]
Short term balance		$ 20,500
Short term balance, weighted average rate		5.38%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 3, 2024 Three Member]
Short term balance	$ 13,600
Short term balance, weighted average rate	4.50%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 27, 2023 [Member]
Short term balance		$ 18,000
Short term balance, weighted average rate		5.38%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 7, 2024 Member]
Short term balance	$ 28,500
Short term balance, weighted average rate	4.50%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing November 3, 2023 [Member]
Short term balance		$ 14,000
Short term balance, weighted average rate		5.49%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 15, 2024 One Member]
Short term balance	$ 12,300
Short term balance, weighted average rate	4.50%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing November 27, 2023 [Member]
Short term balance		$ 21,000
Short term balance, weighted average rate		5.36%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 15, 2024 Two Member]
Short term balance	$ 9,900
Short term balance, weighted average rate	4.41%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing December 5, 2023 [Member]
Short term balance		$ 33,000
Short term balance, weighted average rate		5.36%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 15, 2024 Three Member]
Short term balance	$ 2,000
Short term balance, weighted average rate	4.40%
Federal Home Loan Bank of Chicago [Member] | Long-Term Debt Maturing 2025 [Member]
Short term balance		$ 27,500
Short term balance, weighted average rate		5.41%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 15, 2024 Four Member]
Short term balance	$ 20,700
Short term balance, weighted average rate	4.39%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 15, 2024 Five Member]
Short term balance	$ 15,500
Short term balance, weighted average rate	4.36%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 21, 2024 One Member]
Short term balance	$ 20,000
Short term balance, weighted average rate	4.74%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 21, 2024 Two Member]
Short term balance	$ 11,300
Short term balance, weighted average rate	4.41%
Federal Home Loan Bank of Chicago [Member] | Short-Term Debt Maturing October 21, 2024 Three Member]
Short term balance	$ 26,000
Short term balance, weighted average rate	3.95%

Note 8 - Regulatory Capital - A

Note 8 - Regulatory Capital - Actual and Required Capital Amount and Ratio (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Consolidated Waterstone Financial Inc [Member]
Total capital (to risk-weighted assets)	$ 376,624	$ 380,351
Total capital (to risk-weighted assets) Ratio	0.209	0.215
Total capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 144,162	$ 141,538
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.08	0.08
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 189,213	$ 185,769
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Tier I capital (to risk-weighted assets)	$ 357,135	$ 360,734
Tier I capital (to risk-weighted assets) Ratio	0.1981	0.2039
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 108,168	$ 106,154
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	0.06	0.06
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 153,238	$ 150,385
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.50%	8.50%
Common Equity Tier 1 Capital (to risk-weighted assets)	$ 357,135	$ 360,734
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	0.1981	0.2039
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes	$ 81,126	$ 79,615
Common Equity Tier I capital (to risk-weighted), For Capital Adequacy Ratio	0.045	0.045
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 126,196	$ 123,846
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	7%	7%
Tier I capital (to average assets)	$ 357,135	$ 360,734
Tier I capital (to average assets) Ratio	0.1604	0.1677
Tier I capital (to average assets), For Capital Adequacy Purposes	$ 89,061	$ 86,043
Tier I capital (to average assets), For Capital Adequacy Ratio	0.04	0.04
Subsidiaries [Member]
Total capital (to risk-weighted assets)	$ 365,634	$ 355,476
Total capital (to risk-weighted assets) Ratio	0.2029	0.201
Total capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 144,167	$ 141,515
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	0.08	0.08
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 189,220	$ 185,738
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 180,209	$ 176,893
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.10	0.10
Tier I capital (to risk-weighted assets)	$ 346,145	$ 335,859
Tier I capital (to risk-weighted assets) Ratio	0.1921	0.1899
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 108,126	$ 106,117
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	0.06	0.06
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 153,178	$ 150,332
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), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 144,168	$ 141,489
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.08	0.08
Common Equity Tier 1 Capital (to risk-weighted assets)	$ 346,145	$ 335,859
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	0.1921	0.1899
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes	$ 81,094	$ 79,587
Common Equity Tier I capital (to risk-weighted), For Capital Adequacy Ratio	0.045	0.045
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 126,147	$ 123,803
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), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 117,136	$ 114,960
Common Equity Tier I capital (to risk-weighted) , To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.065	0.065
Tier I capital (to average assets)	$ 346,145	$ 335,859
Tier I capital (to average assets) Ratio	0.1555	0.1562
Tier I capital (to average assets), For Capital Adequacy Purposes	$ 89,041	$ 86,007
Tier I capital (to average assets), For Capital Adequacy Ratio	0.04	0.04
Amount of minimum Tier 1 leverage capital categorized as well capitalized as defined by regulatory framework for prompt corrective action.	$ 111,301	$ 107,509
Tier I capital (to average assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	0.05	0.05
State of Wisconsin (to total assets)	$ 346,145	$ 335,859
State of Wisconsin (to total assets) Ratio	15.68%	15.20%
State of Wisconsin (to total assets), For Capital Adequacy Purposes	$ 132,453	$ 132,576
State of Wisconsin (to total assets), For Capital Adequacy Ratio	6%	6%

Note 9 - Stock Based Compensa_3

Note 9 - Stock Based Compensation (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	$ 75,000	$ 107,000	$ 342,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 193,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	37 years
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense	$ 240,000	$ 170,000	$ 242,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 563,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	24 years
Equity Incentive Plan 2020 [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		750,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	605,000
Equity Incentive Plan 2020 [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	364,000

Note 9 - Stock Based Compensa_4

Note 9 - Stock Based Compensation - Assumptions Used in Estimating Fair Value of Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Minimum [Member]
Dividend yield	2.99%	4.22%
Risk-free interest rate	3.58%	3.52%
Expected volatility	26.67%	23.81%
Weighted average expected life (Year)	5 years 1 month 6 days	5 years 1 month 6 days
Weighted average per share value of options (in dollars per share)	$ 2.01	$ 1.58
Maximum [Member]
Dividend yield	5.19%	6.27%
Risk-free interest rate	4.63%	4.62%
Expected volatility	27.81%	25.42%
Weighted average expected life (Year)	5 years 8 months 12 days	5 years 8 months 12 days
Weighted average per share value of options (in dollars per share)	$ 2.99	$ 2.52

Note 9 - Stock Based Compensa_5

Note 9 - Stock Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding, shares (in shares)	510,400	555,619	594,310
Outstanding, weighted average exercise price (in dollars per share)	$ 14.34	$ 14.35	$ 14.2
Outstanding, weighted average remaining contractual term (Year)	3 years 5 months 23 days	3 years 2 months 1 day	3 years 4 months 28 days	4 years 3 months 29 days
Outstanding, aggregate instrinsic value	$ 188	$ 473	$ 1,708	$ 4,158
Options exercisable, shares (in shares)	325,190	425,400	409,119	352,310
Options exercisable, weighted average exercise price (in dollars per share)	$ 14.51	$ 13.92	$ 13.76	$ 13.7
Options exercisable, weighted average remaining contractual term (Year)	2 years 7 days	2 years 29 days	2 years 7 months 2 days	3 years 9 months 10 days
Options exercisable, aggregate instrinsic value	$ 141	$ 454	$ 1,408	$ 2,636
Granted, shares (in shares)	55,000	40,000	35,000
Granted, weighted average exercise price (in dollars per share)	$ 12.66	$ 14.2	$ 18.38
Granted, aggregate instrinsic value	$ 63	$ 15	$ 2
Exercised, shares (in shares)	(129,868)	(64,219)	(44,690)
Exercised, weighted average exercise price (in dollars per share)	$ 12.79	$ 12.75	$ 12.62
Exercised, aggregate instrinsic value	$ 85	$ 93	$ 198
Forfeited, shares (in shares)	(15,000)	(21,000)	(29,001)
Forfeited, weighted average exercise price (in dollars per share)	$ 13.66	$ 19.24	$ 18.82
Forfeited, aggregate instrinsic value	$ 11	$ 0	$ 1
Outstanding, shares (in shares)	420,532	510,400	555,619	594,310
Outstanding, weighted average exercise price (in dollars per share)	$ 14.62	$ 14.34	$ 14.35	$ 14.2

Note 9 - Stock Based Compensa_6

Note 9 - Stock Based Compensation - Stock Option Outstanding by Exercise Price Range (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
options outstanding (in shares) | shares	420,532
Outstanding, weighted average exercise price (in dollars per share)	$ 14.62
Options exercisable (in shares) | shares	325,190
Exercisable, weighted average exercise price (in dollars per share)	$ 14.51
options, remaining life (Year)	3 years 5 months 23 days
Exercisable, remaining life (Year)	2 years 7 days
Range One [Member]
Exercise price, lower limit (in dollars per share)	$ 0.01
Exercise price, higher limit (in dollars per share)	$ 10
options outstanding (in shares) | shares	0
Outstanding, weighted average exercise price (in dollars per share)	$ 0
Options exercisable (in shares) | shares	0
Exercisable, weighted average exercise price (in dollars per share)	$ 0
Range Two [Member]
Exercise price, lower limit (in dollars per share)	10.01
Exercise price, higher limit (in dollars per share)	$ 15
options outstanding (in shares) | shares	290,532
Outstanding, weighted average exercise price (in dollars per share)	$ 13
Options exercisable (in shares) | shares	226,190
Exercisable, weighted average exercise price (in dollars per share)	$ 12.94
options, remaining life (Year)	2 years 9 months 21 days
Exercisable, remaining life (Year)	1 year 18 days
Range Three [Member]
Exercise price, lower limit (in dollars per share)	$ 15.01
Exercise price, higher limit (in dollars per share)	$ 20
options outstanding (in shares) | shares	115,000
Outstanding, weighted average exercise price (in dollars per share)	$ 17.8
Options exercisable (in shares) | shares	90,000
Exercisable, weighted average exercise price (in dollars per share)	$ 17.78
options, remaining life (Year)	4 years 8 months 15 days
Exercisable, remaining life (Year)	3 years 11 months 15 days
Range Four [Member]
Exercise price, lower limit (in dollars per share)	$ 20.01
options outstanding (in shares) | shares	15,000
Outstanding, weighted average exercise price (in dollars per share)	$ 21.5
Options exercisable (in shares) | shares	9,000
Exercisable, weighted average exercise price (in dollars per share)	$ 21.5
options, remaining life (Year)	6 years 10 months 20 days
Exercisable, remaining life (Year)	6 years 10 months 20 days

Note 9 - Stock Based Compensa_7

Note 9 - Stock Based Compensation - Summary of Nonvested Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Nonvested, number of shares (in shares)	85,000	146,500
Nonvested, weighted average grant date fair value (in dollars per share)	$ 2.17	$ 2.9
Granted, shares (in shares)	55,000	40,000	35,000
Granted, weighted average grant date fair value (in dollars per share)	$ 2.33	$ 1.82
Vested, number of shares (in shares)	(30,658)	(88,500)
Vested, weighted average grant date fair value (in dollars per share)	$ 2.21	$ 3.16
Forfeited, number of shares (in shares)	(14,000)	(13,000)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 2.2	$ 2.55
Nonvested, number of shares (in shares)	95,342	85,000	146,500
Nonvested, weighted average grant date fair value (in dollars per share)	$ 2.35	$ 2.17	$ 2.9

Note 9 - Stock Based Compensa_8

Note 9 - Stock Based Compensation - Restricted Stock Shares Activity (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Nonvested, number of stock (in shares)	65,793	45,099
Nonvested, restricted stock, weighted average grant date fair value (in dollars per share)	$ 18.56	$ 19.84
Granted, number of stock (in shares)	69,302	21,982
Granted, restricted stock, weighted average grant date fair value (in dollars per share)	$ 12.33	$ 16.02
Vested, number of stock (in shares)	(38,231)	(1,288)
Vested, restricted stock, weighted average grant date fair value (in dollars per share)	$ 16.69	$ 19.8
Forfeited, number of stock (in shares)	(2,005)	0
Forfeited, restricted stock, weighted average grant date fair value (in dollars per share)	$ 20.75	$ 0
Nonvested, number of stock (in shares)	94,859	65,793
Nonvested, restricted stock, weighted average grant date fair value (in dollars per share)	$ 14.72	$ 18.56

Note 10 - Employee Benefit Pl_2

Note 10 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 962	$ 1	$ 1.3

Note 11 - Employee Stock Owne_3

Note 11 - Employee Stock Ownership Plan (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2014	Dec. 31, 2005
Stock Issued During Period, Shares, Employee Stock Ownership Plan (in shares)				2,107,561
Stock Issued During Period, Additional Shares Employee Stock Ownership Plan (in shares)				2,024,000
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 1.4	$ 1.5	$ 1.9
Employee Stock Ownership Plan2005 Plan [Member]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount				$ 23.8	$ 8.5
Stock Issued During Period, Shares, Employee Stock Ownership Plan (in shares)				83,561	835,610

Note 11 - Employee Stock Owne_4

Note 11 - Employee Stock Ownership Plan - Employee Stock Ownership Plan (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Beginning ESOP shares (in shares)	1,053,781	1,159,159
Shares committed to be released (in shares)	(105,378)	(105,378)
Unreleased shares (in shares)	948,403	1,053,781
Fair value of unreleased shares (in millions)	$ 12.7	$ 15

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Capital Loss Carryforwards	$ 0
Retained Earnings Excluding State and Federal Taxes		$ 16,700
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	1,400
Deferred Tax Assets, Valuation Allowance	2,400	$ 0
Operating Loss Carryforwards, Valuation Allowance	$ 1,300

Note 12 - Income Taxes - Provis

Note 12 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 3,866	$ 2,274	$ 4,731
State	(49)	456	745
Current Income Tax Expense (Benefit)	3,817	2,730	5,476
Federal	215	(523)	(460)
State	765	(550)	(24)
Deferred Income Tax Expense (Benefit)	980	(1,073)	(484)
Available for sale securities, net	517	0	0
Income tax provision	$ 5,314	$ 1,657	$ 4,992

Note 12 - Income Taxes - Effect

Note 12 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income before income taxes	$ 24,002	$ 11,032	$ 24,479
Tax at Federal statutory rate (21%)	5,040	2,317	5,141
State income taxes net of Federal income tax (benefit) expense	(1,301)	(74)	570
Cash surrender value of life insurance	(413)	(359)	(365)
Non-deductible ESOP and stock option expense	65	73	167
Tax-exempt interest income	(245)	(205)	(159)
Non-deductible compensation	0	87	37
Death benefit on bank owned life insurance	(57)	(8)	(71)
Stock compensation	(32)	0	(69)
ESOP dividends	(126)	(168)	(273)
Valuation allowance - available for sale securities	517	0	0
Valuation allowance - other temporary differences	1,867	0	0
Other adjustment	(1)	(6)	14
Income tax provision	$ 5,314	$ 1,657	$ 4,992
Effective tax rate	22.10%	15%	20.40%

Note 12 - Income Taxes - Effe_2

Note 12 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal statutory rate	21%	21%	21%

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Depreciation	$ 1,080	$ 1,054
Restricted stock and stock options	137	324
Allowance for credit losses	4,480	4,530
Allowance for unfunded commitments	305	261
Repurchase reserve for loans sold	335	446
Interest recognized for tax but not books	98	217
State net operating loss	1,368	280
Real estate owned	11	9
Lease liability	955	802
Unrealized loss on securities available for sale, net	5,798	5,520
Other	384	374
Total gross deferred tax assets	12,567	13,817
Mortgage servicing rights	(191)	(467)
FHLB stock dividends	0	(17)
Lease Asset	(968)	(815)
Deferred loan fees	(466)	(357)
Deferred liabilities	(1,625)	(1,656)
Net deferred tax assets	10,942	12,161
Available-for-Sale Securities [Member]
Valuation Allowances	(517)	0
Other Temporary Differences [Member]
Valuation Allowances	$ (1,867)	$ 0

Note 13 - Commitments, Off-ba_3

Note 13 - Commitments, Off-balance Sheet Arrangements, and Contingent Liabilities (Details Textual) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Loss Contingency, Estimate of Possible Loss	$ 0	$ 0
Estimated Litigation Liability	1,300,000	1,700,000
Loss Contingency Accrual	$ 1,300,000	$ 125,000

Note 13 - Commitments, Off-ba_4

Note 13 - Commitments, Off-balance Sheet Arrangements, and Contingent Liabilities - Financial Instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Commitments To Extend Credit Under First Mortgage Loans [Member]
Off-balance sheet risks liability amount	[1]	$ 19,052	$ 9,789
Commitments To Extend Credit Under Home Equity Lines Of Credit [Member]
Off-balance sheet risks liability amount		11,531	11,722
Unused Portion of Construction Loans [Member]
Off-balance sheet risks liability amount		72,753	76,660
Unused lines of Credit [Member]
Off-balance sheet risks liability amount		15,061	15,378
Standby Letters of Credit [Member]
Off-balance sheet risks liability amount		$ 399	$ 514
[1]Excludes commitments to originate loans held for sale, which are discussed in Footnote 14 - Derivative Financial Instruments.

Note 14 - Derivative Financia_3

Note 14 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Interest Rate Swap [Member]
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	$ 0	$ 0

Note 14 - Derivative Financia_4

Note 14 - Derivative Financial Instruments - Interest Rate Swaps (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other assets	Prepaid expenses and other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Forward Contracts [Member] | Not Designated as Hedging Instrument [Member]
Derivatives notional amount	$ 171.6	$ 268.8
Derivatives Assets, fair value	0.6	0
Derivatives liabilities, fair value	0	0.4
Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member]
Derivatives notional amount	136.2	170.9
Derivatives Assets, fair value	0.3	0.3
Derivatives liabilities, fair value	0	0
Interest Rate Swaption [Member] | Not Designated as Hedging Instrument [Member]
Derivatives notional amount	140.4	88.2
Derivatives Assets, fair value	12.6	12
Derivatives liabilities, fair value	$ 12.6	$ 12

Note 15 - Fair Value Measurem_3

Note 15 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Transfers into (out of) Levels 1, 2 and 3, Amount	$ 0	$ 0

Note 15 - Fair Value Measurem_4

Note 15 - Fair Value Measurements - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	$ 208,549	$ 204,907
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	9,611	11,181
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	131,736	133,467
US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	2,440	2,348
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	47,076	39,488
Other Debt Obligations [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	11,286	11,163
Fair Value, Recurring [Member]
Loans held for sale	135,909	164,993
Fair Value, Recurring [Member] | Mortgage Banking [Member]
Derivatives Assets, fair value	897	334
Derivatives liabilities, fair value	46	364
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivatives Assets, fair value	12,575	12,044
Derivatives liabilities, fair value	12,575	12,044
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	135,909	164,993
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	12,575	12,044
Derivatives liabilities, fair value	12,575	12,044
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	897	334
Derivatives liabilities, fair value	46	364
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: 2024-$232,630; 2023-$227,716)	9,611	11,181
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	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: 2024-$232,630; 2023-$227,716)	9,611	11,181
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	131,736	133,467
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	131,736	133,467
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Private Equity Funds [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	6,400	7,260
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	6,400	7,260
Fair Value, Recurring [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	2,440	2,348
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: 2024-$232,630; 2023-$227,716)	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: 2024-$232,630; 2023-$227,716)	2,440	2,348
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: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	47,076	39,488
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: 2024-$232,630; 2023-$227,716)	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: 2024-$232,630; 2023-$227,716)	47,076	39,488
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: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Other Debt Obligations [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	11,286	11,163
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	0	0
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	11,286	11,163
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value (cost: 2024-$232,630; 2023-$227,716)	$ 0	$ 0

Note 15 - Fair Value Measurem_5

Note 15 - Fair Value Measurements -Reconciliation for All Assets Measured at Fair Value Using Significant Unobservable Inputs (Details) - Mortgage Derivative [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Mortgage derivative, net balance	$ (30)	$ (994)
Mortgage derivative gain, net	881	964
Mortgage derivative, net balance	$ 851	$ (30)

Note 15 - Fair Value Measurem_6

Note 15 - Fair Value Measurements - Assets Recorded at Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate owned	$ 505	$ 254
Impaired mortgage servicing rights		1,063
Fair Value, Inputs, Level 1 [Member]
Real estate owned	0	0
Impaired mortgage servicing rights		0
Fair Value, Inputs, Level 2 [Member]
Real estate owned	0	0
Impaired mortgage servicing rights		0
Fair Value, Inputs, Level 3 [Member]
Real estate owned	$ 505	254
Impaired mortgage servicing rights		$ 1,063

Note 15 - Fair Value Measurem_7

Note 15 - Fair Value Measurements - Fair Value of Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Valuation Technique, Pricing Model [Member]
Impaired mortgage servicing rights		$ 1,063
Valuation Technique, Pricing Model [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Mortgage servicing rights, measurement input		0.10
Valuation Technique, Pricing Model [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Mortgage servicing rights, measurement input		0.155
Valuation Technique, Pricing Model [Member] | Measurement Input, Discount Rate [Member] | Weighted Average [Member]
Mortgage servicing rights, measurement input		0.112
Valuation Technique, Pricing Model [Member] | Measurement Input, Prepayment Rate [Member] | Minimum [Member]
Mortgage servicing rights, measurement input		0.067
Valuation Technique, Pricing Model [Member] | Measurement Input, Prepayment Rate [Member] | Maximum [Member]
Mortgage servicing rights, measurement input		0.239
Valuation Technique, Pricing Model [Member] | Measurement Input, Prepayment Rate [Member] | Weighted Average [Member]
Mortgage servicing rights, measurement input		0.146
Valuation Technique, Pricing Model [Member] | Measurement Input, Cost to Service [Member] | Minimum [Member]
Mortgage servicing rights, measurement input		77
Valuation Technique, Pricing Model [Member] | Measurement Input, Cost to Service [Member] | Maximum [Member]
Mortgage servicing rights, measurement input		471
Valuation Technique, Pricing Model [Member] | Measurement Input, Cost to Service [Member] | Weighted Average [Member]
Mortgage servicing rights, measurement input		107
Valuation, Market Approach [Member]
Real estate owned	$ 505	$ 254
Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Real estate owned measurement input	0.324	0.233
Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Real estate owned measurement input	0.969	0.731
Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | Weighted Average [Member]
Real estate owned measurement input	0.796	0.393
Mortgage Derivative [Member] | Valuation Technique, Pricing Model [Member]
Mortgage banking derivatives, fair value	$ 851
Mortgage banking derivatives, fair value		$ (30)
Mortgage Derivative [Member] | Valuation Technique, Pricing Model [Member] | Pull Through Rate [Member] | Minimum [Member]
Mortgage banking derivatives, measurement input	0.137
Mortgage banking derivatives, measurement input		0.205
Mortgage Derivative [Member] | Valuation Technique, Pricing Model [Member] | Pull Through Rate [Member] | Maximum [Member]
Mortgage banking derivatives, measurement input	1
Mortgage banking derivatives, measurement input		0.999
Mortgage Derivative [Member] | Valuation Technique, Pricing Model [Member] | Pull Through Rate [Member] | Weighted Average [Member]
Mortgage banking derivatives, measurement input	0.663
Mortgage banking derivatives, measurement input		0.698

Note 15 - Fair Value Measurem_8

Note 15 - Fair Value Measurements - Carrying Amount and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Servicing Asset at Amortized Cost, Fair Value	$ 807,000,000	$ 2,200
Advance payments by borrowers for taxes	5,630	6,607
Reported Value Measurement [Member]
Cash and cash equivalents	39,761	36,421
Loans receivable	1,680,576	1,664,215
FHLB stock	20,295	20,880
Accrued interest receivable	7,853	7,421
Servicing Asset at Amortized Cost, Fair Value	732	1,811
Deposits	1,359,897	1,190,624
Advance payments by borrowers for taxes	5,630	6,607
Borrowings	446,519	611,054
Accrued interest payable	3,340	2,613
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	39,761	36,421
Loans receivable	1,603,437	1,558,472
FHLB stock	20,295	20,880
Accrued interest receivable	7,853	7,421
Servicing Asset at Amortized Cost, Fair Value	807	2,207
Deposits	1,359,381	1,189,274
Advance payments by borrowers for taxes	5,630	6,607
Borrowings	439,455	602,948
Accrued interest payable	3,340	2,613
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	39,761	36,421
Loans receivable	0	0
FHLB stock	20,295	20,880
Accrued interest receivable	7,853	7,421
Servicing Asset at Amortized Cost, Fair Value	0	0
Deposits	454,358	460,340
Advance payments by borrowers for taxes	5,630	6,607
Borrowings	0	0
Accrued interest payable	3,340	2,613
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	905,023	728,934
Advance payments by borrowers for taxes	0	0
Borrowings	439,455	602,948
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	1,603,437	1,558,472
FHLB stock	0	0
Accrued interest receivable	0	0
Servicing Asset at Amortized Cost, Fair Value	807	2,207
Deposits	0	0
Advance payments by borrowers for taxes	0	0
Borrowings	0	0
Accrued interest payable	$ 0	$ 0

Note 16 - Earnings Per Share (D

Note 16 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	203,000	197,000	128,000

Note 16 - Earnings Per Share -

Note 16 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 18,688	$ 9,375	$ 19,487
Weighted average shares outstanding (in shares)	18,556	20,158	21,884
Effect of dilutive potential common shares (in shares)	33	38	126
Diluted weighted average shares outstanding (in shares)	18,589	20,196	22,010
Basic income per share (in dollars per share)	$ 1.01	$ 0.47	$ 0.89
Diluted income per share (in dollars per share)	$ 1.01	$ 0.46	$ 0.89

Note 17 - Condensed Parent Co_3

Note 17 - Condensed Parent Company Only Statements - Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 39,761	$ 36,421
Total assets	2,209,608	2,213,389	$ 2,031,672
Other liabilities	58,427	61,048
Preferred stock (par value $0.01 per share) Authorized - 50,000,000 shares in 2024 and 2023, no shares issued	0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares at December 31, 2024 and at December 31, 2023, Issued and Outstanding - 19,343,251 at December 31, 2024 and 20,314,786 at December 31, 2023	193	203
Additional paid-in capital	91,214	103,908
Retained earnings	277,196	269,606
Unearned ESOP shares	(10,682)	(11,869)
Accumulated other comprehensive loss, net of taxes	(18,786)	(17,792)
Total shareholders’ equity	339,135	344,056	$ 370,486	$ 432,773
Total liabilities and shareholders’ equity	2,209,608	2,213,389
Parent Company [Member]
Cash and cash equivalents	13,873	28,036
Investment in subsidiaries	328,145	319,181
Other assets	294	301
Total assets	342,312	347,518
Other liabilities	3,177	3,462
Preferred stock (par value $0.01 per share) Authorized - 50,000,000 shares in 2024 and 2023, no shares issued	0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares at December 31, 2024 and at December 31, 2023, Issued and Outstanding - 19,343,251 at December 31, 2024 and 20,314,786 at December 31, 2023	193	203
Additional paid-in capital	91,214	103,908
Retained earnings	277,196	269,606
Unearned ESOP shares	(10,682)	(11,869)
Accumulated other comprehensive loss, net of taxes	(18,786)	(17,792)
Total shareholders’ equity	339,135	344,056
Total liabilities and shareholders’ equity	$ 342,312	$ 347,518

Note 17 - Condensed Parent Co_4

Note 17 - Condensed Parent Company Only Statements - Statements of Financial Condition (Details) (Parentheticals) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
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)	19,343,251	20,314,786
Common stock, shares outstanding (in shares)	19,343,251	20,314,786
Parent Company [Member]
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)	19,343,251	20,314,786
Common stock, shares outstanding (in shares)	19,343,251	20,314,786

Note 17 - Condensed Parent Co_5

Note 17 - Condensed Parent Company Only Statements - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest income	$ 113,168	$ 99,208	$ 70,245
Net interest income	46,168	50,215	56,954
Professional fees	3,184	2,686	1,815
Other expense	7,231	11,755	12,578
Total noninterest expenses	111,636	119,712	137,062
Income before income taxes	24,002	11,032	24,479
Income tax expense	5,314	1,657	4,992
Net income	18,688	9,375	19,487
Parent Company [Member]
Interest income	1,105	1,212	607
Equity in income of subsidiaries	18,347	8,964	19,507
Net interest income	19,452	10,176	20,114
Professional fees	28	38	30
Other expense	640	631	603
Total noninterest expenses	668	669	633
Income before income taxes	18,784	9,507	19,481
Income tax expense	96	132	(6)
Net income	$ 18,688	$ 9,375	$ 19,487

Note 17 - Condensed Parent Co_6

Note 17 - Condensed Parent Company Only Statements - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 18,688	$ 9,375	$ 19,487
Stock based compensation	316	277	583
Net cash provided by (used in) operating activities	48,063	(27,577)	206,665
Net cash used in investing activities	(23,963)	(159,224)	(335,742)
Cash dividends on common stock	(11,268)	(15,363)	(30,260)
Proceeds from stock option exercises	1,662	820	564
Purchase of common stock returned to authorized but unissued	(14,915)	(26,032)	(47,830)
Net cash (used in) provided by financing activities	(20,760)	176,580	(201,003)
Increase (decrease) in cash and cash equivalents	3,340	(10,221)	(330,080)
Parent Company [Member]
Net income	18,688	9,375	19,487
Amortization of unearned ESOP	1,420	1,461	1,889
Stock based compensation	316	277	583
Equity in loss of subsidiaries	(18,347)	(8,964)	(19,507)
Change in other assets and liabilities	(424)	(59)	89
Net cash provided by (used in) operating activities	1,653	2,090	2,541
Net cash used in investing activities	0	0	0
Dividends received from subsidiary	8,705	14,754	55,594
Cash dividends on common stock	(11,268)	(15,363)	(30,260)
Proceeds from stock option exercises	1,662	820	564
Purchase of common stock returned to authorized but unissued	(14,915)	(26,032)	(47,830)
Net cash (used in) provided by financing activities	(15,816)	(25,821)	(21,932)
Increase (decrease) in cash and cash equivalents	(14,163)	(23,731)	(19,391)
Cash and cash equivalents at beginning of year	28,036	51,767	71,158
Cash and cash equivalents at end of year	$ 13,873	$ 28,036	$ 51,767

Note 18 - Segment Reporting (De

Note 18 - Segment Reporting (Details Textual)	12 Months Ended
	Dec. 31, 2024
Number of Operating Segments	2
Number of States Mortgage Banking Products and Services are Provided	26
Number of States The Company Can Lend, State	48

Note 18 - Segment Reporting - M

Note 18 - Segment Reporting - Mortgage Banking (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net interest income	$ 46,168	$ 50,215	$ 56,954
Provision (credit) for credit losses	(168)	656	968
Net interest income after provision (credit) for credit losses	46,336	49,559	55,986
Noninterest income	89,302	81,185	105,555
Compensation, payroll taxes, and other employee benefits	81,078	84,096	99,565
Occupancy, office furniture, and equipment	7,573	8,323	8,706
Advertising	3,554	3,779	3,976
Data processing	4,978	4,653	4,470
Communications	922	988	1,189
Professional fees	3,184	2,686	1,815
Real estate owned	26	4	19
Loan processing expense	3,090	3,428	4,744
Other	7,231	11,755	12,578
Total noninterest expenses	111,636	119,712	137,062
Income before income taxes	24,002	11,032	24,479
Income tax expense	5,314	1,657	4,992
Net income	18,688	9,375	19,487
Total assets	2,209,608	2,213,389	2,031,672
Community Banking [Member]
Net interest income	47,968	51,733	56,606
Provision (credit) for credit losses	(145)	441	677
Net interest income after provision (credit) for credit losses	48,113	51,292	55,929
Noninterest income	5,303	4,387	5,221
Compensation, payroll taxes, and other employee benefits	20,685	19,866	19,013
Occupancy, office furniture, and equipment	3,712	3,672	3,645
Advertising	918	977	887
Data processing	2,791	2,501	2,229
Communications	306	295	357
Professional fees	771	726	508
Real estate owned	26	4	19
Loan processing expense	0	0	0
Other	2,528	3,868	5,551
Total noninterest expenses	31,737	31,909	32,209
Income before income taxes	21,679	23,770	28,941
Income tax expense	4,697	5,137	6,116
Net income	16,982	18,633	22,825
Total assets	2,441,677	2,178,488	2,009,727
Mortgage Banking Segment [Member]
Net interest income	(1,945)	(1,821)	157
Provision (credit) for credit losses	(23)	215	291
Net interest income after provision (credit) for credit losses	(1,922)	(2,036)	(134)
Noninterest income	84,250	78,472	104,101
Compensation, payroll taxes, and other employee benefits	61,353	65,095	81,010
Occupancy, office furniture, and equipment	3,861	4,651	5,061
Advertising	2,636	2,802	3,089
Data processing	2,169	2,130	2,234
Communications	616	693	832
Professional fees	2,385	1,922	1,278
Real estate owned	0	0	0
Loan processing expense	3,090	3,428	4,744
Other	4,333	8,953	10,197
Total noninterest expenses	80,443	89,674	108,445
Income before income taxes	1,885	(13,238)	(4,478)
Income tax expense	521	(3,612)	(1,117)
Net income	1,364	(9,626)	(3,361)
Total assets	177,875	206,452	198,625
Holding Community and Other [Member]
Net interest income	145	303	191
Provision (credit) for credit losses	0	0	0
Net interest income after provision (credit) for credit losses	145	303	191
Noninterest income	(251)	(1,674)	(3,767)
Compensation, payroll taxes, and other employee benefits	(960)	(865)	(458)
Occupancy, office furniture, and equipment	0	0	0
Advertising	0	0	0
Data processing	18	22	7
Communications	0	0	0
Professional fees	28	38	29
Real estate owned	0	0	0
Loan processing expense	0	0	0
Other	370	(1,066)	(3,170)
Total noninterest expenses	(544)	(1,871)	(3,592)
Income before income taxes	438	500	16
Income tax expense	96	132	(7)
Net income	342	368	23
Total assets	$ (409,944)	$ (171,551)	$ (176,680)