Waterstone Financial (WSBF) 10-Q 31 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Waterstone Financial, Inc.
Entity Central Index Key	1,569,994
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float		$ 405.3
Entity Common Stock, Shares Outstanding		29,385,903
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash	$ 22,388	$ 57,419
Federal funds sold	21,914	20,297
Interest-earning deposits in other financial institutions and other short term investments	10,018	22,755
Cash and cash equivalents	54,320	100,471
Securities available for sale (at fair value)	245,396	269,658
Loans held for sale (at fair value)	227,765	166,516
Loans receivable	1,151,696	1,114,934
Less: Allowance for loan losses	15,633	16,185
Loans receivable, net	1,136,063	1,098,749
Office properties and equipment, net	24,044	25,328
Federal Home Loan Bank stock (at cost)	12,600	19,500
Cash surrender value of life insurance	61,188	49,562
Real estate owned, net	7,454	9,190
Prepaid expenses and other assets	26,205	23,755
Total assets	1,795,035	1,762,729
Liabilities:
Demand deposits	110,872	102,673
Money market and savings deposits	157,472	140,631
Time deposits	687,304	650,057
Total deposits	955,648	893,361
Borrowings	377,983	441,203
Advance payments by borrowers for taxes	25,268	3,661
Other liabilities	26,579	32,574
Total liabilities	1,385,478	1,370,799
Shareholders' equity:
Preferred stock (par value $.01 per share) Authorized - 50,000,000 shares in 2016 and in 2015, no shares issued	0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares in 2016 and in 2015, Issued - 29,147,729 in 2016 and 29,407,455 in 2015, Outstanding - 29,147,729 in 2016 and 29,407,455 in 2015	294	294
Additional paid-in capital	322,164	317,022
Retained earnings	181,460	168,089
Unearned ESOP shares	(20,475)	(21,365)
Accumulated other comprehensive income, net of taxes	2,661	582
Cost of shares repurchased (5,895,932 shares in 2016 and 5,624,415 shares in 2015)	(76,547)	(72,692)
Total shareholders' equity	409,557	391,930
Total liabilities and shareholders' equity	$ 1,795,035	$ 1,762,729

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Shareholders' equity:
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)	29,385,903	29,407,455
Common stock - shares outstanding (in shares)	29,385,903	29,407,455
Treasury shares (in shares)	5,908,150	5,624,415

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income:
Loans	$ 14,754	$ 14,117	$ 42,611	$ 41,495
Mortgage-related securities	743	792	2,371	2,451
Debt securities, federal funds sold and short-term investments	833	886	2,692	2,609
Total interest income	16,330	15,795	47,674	46,555
Interest expense:
Deposits	1,923	1,540	5,477	4,251
Borrowings	3,082	4,345	10,724	12,898
Total interest expense	5,005	5,885	16,201	17,149
Net interest income	11,325	9,910	31,473	29,406
Provision for loan losses	135	580	340	1,720
Net interest income after provision for loan losses	11,190	9,330	31,133	27,686
Noninterest income:
Service charges on loans and deposits	789	364	1,742	1,213
Increase in cash surrender value of life insurance	734	636	1,446	1,195
Mortgage banking income	35,552	26,708	91,146	77,324
Gain on sale of available for sale securities	0	0	0	44
Other	337	843	874	1,848
Total noninterest income	37,412	28,551	95,208	81,624
Noninterest expenses:
Compensation, payroll taxes, and other employee benefits	27,573	21,234	70,968	62,584
Occupancy, office furniture and equipment	2,319	2,292	7,074	7,004
Advertising	661	755	1,974	2,120
Data processing	616	592	1,897	1,797
Communications	374	332	1,088	1,053
Professional fees	474	642	1,486	1,771
Real estate owned	37	646	344	1,875
FDIC insurance premiums	140	243	500	851
Other	3,347	3,050	9,663	9,106
Total noninterest expenses	35,541	29,786	94,994	88,161
Income before income tax	13,061	8,095	31,347	21,149
Income tax expense	5,556	2,896	12,214	7,651
Net income	$ 7,505	$ 5,199	$ 19,133	$ 13,498
Loss per share:
Basic (in dollars per share)	$ 0.28	$ 0.19	$ 0.71	$ 0.45
Diluted (in dollars per share)	$ 0.27	$ 0.19	$ 0.70	$ 0.45
Weighted average shares outstanding:
Basic (in shares)	27,043	27,490	26,976	29,882
Diluted (in shares)	27,429	27,795	27,283	30,145

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 7,505	$ 5,199	$ 19,133	$ 13,498
Net unrealized holding (loss) gain on available for sale securities:
Net unrealized holding (loss) gain arising during the period, net of tax benefit (expense) of $0, $1,557, $0, $714, respectively	(596)	1,114	2,079	8
Reclassification adjustment for net (gain) loss included in net income during the period, net of tax expense (benefit) of $0, $0, $0, $17, respectively	0	0	0	(27)
Total other comprehensive (loss) income	(596)	1,114	2,079	(19)
Comprehensive income	$ 6,909	$ 6,313	$ 21,212	$ 13,479

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other comprehensive income (loss), net of tax
Net unrealized holding gain (loss) on available for sale securities arising during the period, net of tax (expense) benefit	$ 385	$ (718)	$ (1,341)	$ (4)
Reclassification adjustment for net gains on available for sale securities realized during the period, net of taxes	$ 0	$ 0	$ 0	$ 17

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive (Loss) [Member]	Cost of Shares Repurchased [Member]	Total
Balances at Dec. 31, 2014	$ 344	$ 313,894	$ 157,304	$ (22,552)	$ 1,247	$ 0	$ 450,237
Balances (in shares) at Dec. 31, 2014	34,420,000
Comprehensive income:
Net income	$ 0	0	13,498	0	0	0	13,498
Other comprehensive income	0	0	0	0	(19)	0	(19)
Total comprehensive income							13,479
ESOP shares committed to be released to Plan participants	0	136	0	891	0	0	1,027
Cash dividend	0	0	(4,404)	0	0	0	(4,404)
Stock compensation activity, net of tax	$ 6	96	0	0	0	0	102
Stock compensation activity, net of tax (in shares)	599,000
Stock compensation expense	$ 0	2,334	0	0	0	0	2,334
Purchase of common stock returned to authorized but unissued	$ (56)	0	0	0	0	(72,125)	(72,181)
Purchase of common stock returned to authorized but unissued (in shares)	(5,582,000)
Balances at Sep. 30, 2015	$ 294	316,460	166,398	(21,661)	1,228	(72,125)	390,594
Balances (in shares) at Sep. 30, 2015	29,437,000
Balances at Dec. 31, 2015	$ 294	317,022	168,089	(21,365)	582	(72,692)	$ 391,930
Balances (in shares) at Dec. 31, 2015	29,407,000						29,407,455
Comprehensive income:
Net income	$ 0	0	19,133	0	0	0	$ 19,133
Other comprehensive income	0	0	0	0	2,079	0	2,079
Total comprehensive income							21,212
ESOP shares committed to be released to Plan participants	0	278	0	890	0	0	1,168
Cash dividend	0	0	(5,762)	0	0	0	(5,762)
Stock compensation activity, net of tax	$ 3	3,434	0	0	0	0	3,437
Stock compensation activity, net of tax (in shares)	263,000
Stock compensation expense	$ 0	1,430	0	0	0	0	1,430
Purchase of common stock returned to authorized but unissued	$ (3)	0	0	0	0	(3,855)	(3,858)
Purchase of common stock returned to authorized but unissued (in shares)	(284,000)
Balances at Sep. 30, 2016	$ 294	$ 322,164	$ 181,460	$ (20,475)	$ 2,661	$ (76,547)	$ 409,557
Balances (in shares) at Sep. 30, 2016	29,386,000						29,385,903

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends (in dollars per share)	$ 0.21	$ 0.15

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities:
Net income	$ 19,133	$ 13,498
Adjustments to reconcile net loss to net cash used in operating activities:
Provision for loan losses	340	1,720
Provision for depreciation	2,061	2,337
Stock based compensation	1,430	2,334
Net amortization of premium/discount on debt and mortgage related securities	749	1,011
Amortization of unearned ESOP shares	1,168	1,027
Amortization and impairment of mortgage servicing rights	513	422
Gain on sale of loans held for sale	(93,481)	(75,935)
Loans originated for sale	(1,756,454)	(1,545,098)
Proceeds on sales of loans originated for sale	1,788,685	1,604,297
Increase in accrued interest receivable	(204)	(218)
Increase in cash surrender value of life insurance	(1,446)	(1,195)
Decrease in accrued interest on deposits and borrowings	(615)	(34)
Decrease in other liabilities	5,893	2,846
(Increase) decrease in accrued tax receivable	(172)	2,591
Gain on sale of available for sale securities	0	(44)
Net (gain) loss related to real estate owned	(123)	427
Gain on sale of mortgage servicing rights	0	(807)
Other	(3,784)	(1,426)
Net cash provided by (used in) operating activities	(36,307)	7,753
Investing activities:
Net decrease in loans receivable	(41,096)	(20,868)
Purchases of:
Purchase of Debt Securities	(4,140)	(10,000)
Mortgage related securities	(5,236)	(15,933)
Premises and equipment, net	(925)	(2,042)
Bank owned life insurance	(10,180)	(180)
Payments to Acquire Federal Home Loan Bank Stock	(4,500)	(2,000)
Proceeds from:
Principal repayments on mortgage-related securities	29,689	31,647
Maturities of debt securities	6,620	8,160
Sales of debt securities	0	1,034
Proceeds from Sale of Federal Home Loan Bank Stock	11,400	0
Sales of real estate owned	5,304	18,332
Net cash (used in) provided by investing activities	(13,064)	8,150
Financing activities:
Net increase (decrease) in deposits	62,288	9,195
Net change in short-term borrowings	56,780	0
Repayment of long term debt	(220,000)	0
Proceeds from long term debt	100,000	0
Net change in advance payments by borrowers for taxes	9,405	9,070
Cash dividends on common stock	(4,832)	(4,509)
Purchase of common stock returned to authorized but unissued	(3,858)	(72,181)
Proceeds from stock option exercises	3,437	102
Net cash used in financing activities	3,220	(58,323)
Increase (decrease) in cash and cash equivalents	(46,151)	(42,420)
Cash and cash equivalents at beginning of year	100,471	172,820
Cash and cash equivalents at end of year	54,320	130,400
Cash paid or credited during the period for:
Income tax payments	11,009	10,234
Interest payments	16,816	17,183
Noncash activities:
Loans receivable transferred to real estate owned	3,442	11,719
Dividends declared but not paid in other liabilities	$ 2,322	$ 1,516

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	The unaudited interim consolidated financial statements include the accounts of Waterstone Financial, Inc. (the "Company") and the Company's subsidiaries. WaterStone Bank (the "Bank") is a community bank that has served the banking needs of its customers since 1921. WaterStone Bank also has an active mortgage banking segment, Waterstone Mortgage Corporation. WaterStone Bank conducts its community banking business from 11 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. WaterStone Bank's principal lending activity is originating one- to four-family and multi-family residential real estate loans for retention in its portfolio. WaterStone Bank also offers home equity loans and lines of credit, construction and land loans, commercial real estate and commercial business loans, and consumer loans. WaterStone Bank funds its loan production primarily with retail deposits and Federal Home Loan Bank advances. Our deposit offerings include: certificates of deposit, money market savings accounts, transaction deposit accounts, non-interest bearing demand accounts and individual retirement accounts. Our investment securities portfolio is comprised principally of mortgage-backed securities, government-sponsored enterprise bonds and municipal obligations. WaterStone Bank's mortgage banking operations are conducted through its wholly-owned subsidiary, Waterstone Mortgage Corporation. Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market. Waterstone Mortgage Corporation utilizes lines of credit provided by WaterStone Bank as a primary source of funds, and also utilizes a line of credit with another financial institution as needed. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information, Rule 10-01 of Regulation S-X and the instructions to Form 10-Q. The financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations, changes in shareholders' equity, and cash flows of the Company for the periods presented. The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the Company's December 31, 2015 Annual Report on Form 10-K. Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or for any other period. The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, deferred income taxes and real estate owned. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications did not result in any changes to previously reported net income or shareholders' equity. Impact of Recent Accounting Pronouncements ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326)" ASU 2016-02 "Lease (Topic 842)"

Securities Available for Sale

Securities Available for Sale	9 Months Ended
	Sep. 30, 2016
Securities Available for Sale [Abstract]
Securities Available for Sale	Note 2— Securities Available for Sale The amortized cost and fair values of the Company's investment in securities available for sale follow: September 30, 2016 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 78,582 $ 2,201 $ (1 ) $ 80,782 Collateralized mortgage obligations: Government sponsored enterprise issued 62,993 770 - 63,763 Mortgage-related securities 141,575 2,971 (1 ) 144,545 Government sponsored enterprise bonds 3,750 15 - 3,765 Municipal securities 75,750 2,721 (6 ) 78,465 Other debt securities 17,399 216 (723 ) 16,892 Debt securities 96,899 2,952 (729 ) 99,122 Certificates of deposit 1,715 14 - 1,729 $ 240,189 $ 5,937 $ (730 ) $ 245,396 December 31, 2015 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 95,911 $ 1,004 $ (248 ) $ 96,667 Collateralized mortgage obligations: Government sponsored enterprise issued 70,605 123 (300 ) 70,428 Mortgage-related securities 166,516 1,127 (548 ) 167,095 Government sponsored enterprise bonds 3,750 - (4 ) 3,746 Municipal securities 77,509 1,730 (80 ) 79,159 Other debt securities 17,401 209 (647 ) 16,963 Debt securities 98,660 1,939 (731 ) 99,868 Certificates of deposit 2,695 4 (4 ) 2,695 $ 267,871 $ 3,070 $ (1,283 ) $ 269,658 The Company's mortgage-backed securities and collateralized mortgage obligations issued by government sponsored enterprises are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. At September 30, 2016, $91.7 million of the Company's mortgage related securities were pledged as collateral to secure repurchase agreement obligations of the Company. As of September 30, 2016, $2.0 million of the Company's mortgage related securities were pledged as collateral to secure At December 31, 2015, $94.1 million of the Company's government sponsored enterprise bonds and $2.5 million of the Company's mortgage related securities were pledged as collateral to secure . The amortized cost and fair values of investment securities by contractual maturity at September 30, 2016 are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value (In Thousands) Debt and other securities Due within one year $ 13,145 $ 13,207 Due after one year through five years 21,265 21,521 Due after five years through ten years 41,448 43,262 Due after ten years 22,756 22,861 Mortgage-related securities 141,575 144,545 $ 240,189 $ 245,396 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: September 30, 2016 Less than 12 months 12 months or longer Total Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In Thousands) Mortgage-backed securities $ - $ - $ 1,342 $ (1 ) $ 1,342 $ (1 ) Collateralized mortgage obligations: Government sponsored enterprise issued - - - - - - Municipal securities 6,456 (5 ) 2,999 (1 ) 9,455 (6 ) Other debt securities - - 9,277 (723 ) 9,277 (723 ) Certificates of deposit - - - - - - $ 6,456 $ (5 ) $ 13,618 $ (725 ) $ 20,074 $ (730 ) December 31, 2015 Less than 12 months 12 months or longer Total Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In Thousands) Mortgage-backed securities $ 18,488 $ (163 ) $ 5,577 $ (85 ) $ 24,065 $ (248 ) Collateralized mortgage obligations: Government sponsored enterprise issued 48,281 (300 ) - - 48,281 (300 ) Government sponsored enterprise bonds 3,246 (4 ) - - 3,246 (4 ) Municipal securities 9,409 (18 ) 5,555 (62 ) 14,964 (80 ) Other debt securities 14,363 (647 ) - - 14,363 (647 ) Certificates of deposit 976 (4 ) - - 976 (4 ) $ 94,763 $ (1,136 ) $ 11,132 $ (147 ) $ 105,895 $ (1,283 ) The Company reviews the investment securities portfolio on a quarterly basis to monitor its exposure to other-than-temporary impairment. In evaluating whether a security's decline in market value is other-than-temporary, management considers the length of time and extent to which the fair value has been less than cost, the financial condition of the issuer and the underlying obligors, quality of credit enhancements, volatility of the fair value of the security, the expected recovery period of the security and ratings agency evaluations. In addition, the Company may also evaluate payment structure, whether there are defaulted payments or expected defaults, prepayment speeds and the value of any underlying collateral. As of September 30, 2016, the Company held two municipal securities that had previously been deemed to be other-than-temporarily impaired. Both securities were issued by a tax incremental district in a municipality located in Wisconsin. During the year ended December 31, 2012, the Company received audited financial statements with respect to the municipal issuer that called into question the ability of the underlying taxing district that issued the securities to operate as a going concern. During the year ended December 31, 2012, the Company's analysis of these securities resulted in $100,000 in credit losses charged to earnings with respect to these two municipal securities. During the year ended December 31, 2014, there were sales in the market of municipal issuer bonds at a discounted price that resulted in the Company recording additional credit losses. An additional $17,000 credit loss was charged to earnings during the year ended December 31, 2014 for these municipal bonds. As of September 30, 2016, these securities had a combined amortized cost of $198,000 and total life-to-date impairment of $117,000. As of September 30, 2016, the Company had one mortgage-backed security, one municipal security, and one other debt security which had been in an unrealized loss position for twelve months or longer. These securities were determined not to be other-than-temporarily impaired as of September 30, 2016. The Company has determined that the decline in fair value of these securities is primarily attributable to an increase in market interest rates compared to the stated rates on these securities and is not attributable to credit deterioration. As the Company does not intend to sell nor is it more likely than not that it will be required to sell these securities before recovery of the amortized cost basis, these securities are not considered other-than-temporarily impaired. Deterioration of general economic market conditions could result in the recognition of future other than temporary impairment losses within the investment portfolio and such amounts could be material to our consolidated financial statements. There were no sales of securities during the nine months ended September 30, 2016. During the nine months ended September 30, 2015, proceeds from the sale of securities totaled $1.0 million and resulted in gains totaling $44,000. The $44,000 included in gain on sale of available for sale securities in the consolidated statements of income during the nine months ended September 30, 2015 was reclassified from accumulated other comprehensive income.

Loans Receivable

Loans Receivable	9 Months Ended
	Sep. 30, 2016
Loan Receivable [Abstract]
Loans Receivable	Note 3 - Loans Receivable Loans receivable at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, 2016 December 31, 2015 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 389,267 $ 381,992 Multi-family 551,487 547,250 Home equity 22,394 24,326 Construction and land 21,571 19,148 Commercial real estate 137,298 118,820 Consumer 339 361 Commercial loans 29,340 23,037 $ 1,151,696 $ 1,114,934 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 borrower or to multiple borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. While the Company's credit risks are geographically concentrated in the Milwaukee metropolitan area, there are no concentrations with individual or groups of related borrowers. Qualifying loans receivable totaling $896.4 million and $872.8 million at September 30, 2016 and December 31, 2015, respectively, are pledged as collateral against $280.0 million in outstanding Federal Home Loan Bank of Chicago (FHLBC) advances under a blanket security agreement. As of September 30, 2016 and December 31, 2015, there were no loans 90 or more days past due and still accruing interest. An analysis of past due loans receivable as of September 30, 2016 and December 31, 2015 follows: As of September 30, 2016 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 1,546 $ 1,303 $ 4,999 $ 7,848 $ 381,419 $ 389,267 Multi-family 130 - 404 534 550,953 551,487 Home equity 37 35 58 130 22,264 22,394 Construction and land - - - - 21,571 21,571 Commercial real estate 10 - 207 217 137,081 137,298 Consumer - - - - 339 339 Commercial loans - 1 26 27 29,313 29,340 Total $ 1,723 $ 1,339 $ 5,694 $ 8,756 $ 1,142,940 $ 1,151,696 As of December 31, 2015 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 851 $ 1,133 $ 6,503 $ 8,487 $ 373,505 $ 381,992 Multi-family - 207 1,858 2,065 545,185 547,250 Home equity 255 96 110 461 23,865 24,326 Construction and land - - 238 238 18,910 19,148 Commercial real estate 57 - 223 280 118,540 118,820 Consumer - - - - 361 361 Commercial loans - - - - 23,037 23,037 Total $ 1,163 $ 1,436 $ 8,932 $ 11,531 $ 1,103,403 $ 1,114,934 (1) Includes $187,000 and $315,000 at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status. (2) Includes $48,000 and $467,000 at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status. (3) Includes $4.7 million and $7.9 million at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status. A summary of the activity for the nine months ended September 30, 2016 and 2015 in the allowance for loan losses follows: One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Nine months ended September 30, 2016 Balance at beginning of period $ 7,763 $ 5,000 $ 433 $ 904 $ 1,680 $ 9 $ 396 $ 16,185 Provision (credit) for loan losses 141 23 (25 ) (123 ) 33 3 288 340 Charge-offs (801 ) (488 ) (62 ) (3 ) - - - (1,354 ) Recoveries 246 134 24 58 - - - 462 Balance at end of period $ 7,349 $ 4,669 $ 370 $ 836 $ 1,713 $ 12 $ 684 $ 15,633 Nine months ended September 30, 2015 Balance at beginning of period $ 9,877 $ 5,358 $ 422 $ 687 $ 1,951 $ 8 $ 403 $ 18,706 Provision (credit) for loan losses 1,032 615 (5 ) 157 (204 ) (2 ) 127 1,720 Charge-offs (3,212 ) (1,501 ) (72 ) (84 ) (45 ) - - (4,914 ) Recoveries 436 789 101 45 40 5 - 1,416 Balance at end of period $ 8,133 $ 5,261 $ 446 $ 805 $ 1,742 $ 11 $ 530 $ 16,928 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of September 30, 2016 follows: One- to Four- Family Multi- Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to loans individually evaluated for impairment $ 532 $ - $ 73 $ - $ 77 $ - $ 1 $ 683 Allowance related to loans collectively evaluated for impairment 6,817 4,669 297 836 1,636 12 683 14,950 Balance at end of period $ 7,349 $ 4,669 $ 370 $ 836 $ 1,713 $ 12 $ 684 $ 15,633 Loans individually evaluated for impairment $ 12,021 $ 3,967 $ 373 $ 437 $ 726 $ - $ 44 $ 17,568 Loans collectively evaluated for impairment 377,246 547,520 22,021 21,134 136,572 339 29,296 1,134,128 Total gross loans $ 389,267 $ 551,487 $ 22,394 $ 21,571 $ 137,298 $ 339 $ 29,340 $ 1,151,696 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of December 31, 2015 follows: One- to Four-Family Multi- Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to loans individually evaluated for impairment $ 1,114 $ 242 $ 108 $ 3 $ 106 $ - $ 3 $ 1,576 Allowance related to loans collectively evaluated for impairment 6,649 4,758 325 901 1,574 9 393 14,609 Balance at end of period $ 7,763 $ 5,000 $ 433 $ 904 $ 1,680 $ 9 $ 396 $ 16,185 Loans individually evaluated for impairment $ 18,385 $ 5,100 $ 472 $ 1,795 $ 1,766 $ - $ 27 $ 27,545 Loans collectively evaluated for impairment 363,607 542,150 23,854 17,353 117,054 361 23,010 1,087,389 Total gross loans $ 381,992 $ 547,250 $ 24,326 $ 19,148 $ 118,820 $ 361 $ 23,037 $ 1,114,934 The following table presents information relating to the Company's internal risk ratings of its loans receivable as of September 30, 2016 and December 31, 2015: One to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At September 30, 2016 Substandard $ 14,415 $ 1,445 $ 406 $ — $ 725 $ - $ 44 $ 17,035 Watch 9,923 2,920 194 873 1,053 - 2,896 17,859 Pass 364,929 547,122 21,794 20,698 135,520 339 26,400 1,116,802 $ 389,267 $ 551,487 $ 22,394 $ 21,571 $ 137,298 $ 339 $ 29,340 $ 1,151,696 At December 31, 2015 Substandard $ 19,148 $ 2,553 $ 684 $ 1,794 $ 1,766 $ - $ 55 $ 26,000 Watch 11,352 3,634 128 - 1,161 - 402 16,677 Pass 351,492 541,063 23,514 17,354 115,893 361 22,580 1,072,257 $ 381,992 $ 547,250 $ 24,326 $ 19,148 $ 118,820 $ 361 $ 23,037 $ 1,114,934 Factors that are important to managing overall credit quality include sound loan underwriting and administration, systematic monitoring of existing loans and commitments, effective loan review on an ongoing basis, early identification of potential problems, an allowance for loan losses, and sound non-accrual and charge-off policies. Our underwriting policies require an officers' loan committee review and approval of all loans in excess of $500,000. In addition, we utilize an independent loan review function for all loans. Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we maintain a loan review system under which our credit management personnel review non-owner occupied one- to four-family, multi-family, construction and land, commercial real estate and commercial loans that individually, or as part of an overall borrower relationship exceed $1.0 million in potential exposure. Loans meeting these criteria are reviewed on an annual basis, or more frequently, if the loan renewal is less than one year. With respect to this review process, management has determined that pass loans include loans that exhibit acceptable financial statements, cash flow and leverage. Watch loans have potential weaknesses that deserve management's attention, and if left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credit. Substandard loans are considered inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged. These loans generally have a well-defined weakness that may jeopardize liquidation of the debt and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Finally, a loan is considered to be impaired when it is probable that the Bank will not be able to collect all amounts due according to the contractual terms of the loan agreement. Management has determined that all non-accrual loans and loans modified under troubled debt restructurings meet the definition of an impaired loan. 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 also be obtained upon transfer from loans receivable to real estate owned based upon the age of the prior appraisal, changes in market conditions or known changes to the physical condition of the property. 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 years. In situations in which we are placing reliance on an appraisal that is more than one year old, an additional adjustment factor is applied to account for downward market pressure since the date of appraisal. The additional adjustment factor is based upon relevant sales data available for our general operating market as well as company-specific historical net realizable values as compared to the most recent appraisal prior to disposition. 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. The following tables present data on impaired loans at September 30, 2016 and December 31, 2015. As of or for the Nine Months Ended September 30, 2016 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 3,249 $ 3,289 $ 532 $ 40 $ 3,307 $ 113 Multi-family - - - - - - Home equity 158 158 73 - 165 10 Construction and land - - - - - - Commercial real estate 286 695 77 409 299 11 Consumer - - - - - - Commercial 1 1 1 - 2 - 3,694 4,143 683 449 3,773 134 Total Impaired with no Reserve One- to four-family 8,772 10,087 - 1,315 8,944 262 Multi-family 3,967 4,986 - 1,019 4,008 174 Home equity 215 215 - - 224 6 Construction and land 437 437 - - 615 15 Commercial real estate 440 440 - - 440 10 Consumer - - - - - - Commercial 43 43 - - 47 1 13,874 16,208 - 2,334 14,278 468 Total Impaired One- to four-family 12,021 13,376 532 1,355 12,251 375 Multi-family 3,967 4,986 - 1,019 4,008 174 Home equity 373 373 73 - 389 16 Construction and land 437 437 - - 615 15 Commercial real estate 726 1,135 77 409 739 21 Consumer - - - - - - Commercial 44 44 1 - 49 1 $ 17,568 $ 20,351 $ 683 $ 2,783 $ 18,051 $ 602 As of or for the Year Ended December 31, 2015 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 7,903 $ 8,923 $ 1,114 $ 1,020 $ 8,113 $ 393 Multi-family 1,055 1,055 242 - 1,044 42 Home equity 169 169 108 - 174 10 Construction and land 156 269 3 113 155 - Commercial real estate 314 723 106 409 367 23 Consumer - - - - - - Commercial 3 3 3 - 5 1 9,600 11,142 1,576 1,542 9,858 469 Total Impaired with no Reserve One- to four-family 10,482 11,991 - 1,509 10,676 500 Multi-family 4,045 5,090 - 1,045 4,106 245 Home equity 303 303 - - 307 13 Construction and land 1,639 1,639 - - 1,827 62 Commercial real estate 1,452 1,452 - - 1,458 72 Consumer - - - - - - Commercial 24 24 - - 29 2 17,945 20,499 - 2,554 18,403 894 Total Impaired One- to four-family 18,385 20,914 1,114 2,529 18,789 893 Multi-family 5,100 6,145 242 1,045 5,150 287 Home equity 472 472 108 - 481 23 Construction and land 1,795 1,908 3 113 1,982 62 Commercial real estate 1,766 2,175 106 409 1,825 95 Consumer - - - - - - Commercial 27 27 3 - 34 3 $ 27,545 $ 31,641 $ 1,576 $ 4,096 $ 28,261 $ 1,363 The difference between a loan's recorded investment and the unpaid principal balance represents a partial charge-off resulting from a confirmed loss when the value of the collateral securing the loan is below the loan balance and management's assessment that the full collection of the loan balance is not likely. When a loan is considered impaired, interest payments received are treated as interest income on a cash basis as long as the remaining book value of the loan (i.e., after charge-off of all identified losses) is deemed to be fully collectible. If the remaining book value is not deemed to be fully collectible, all payments received are applied to unpaid principal. Determination as to the ultimate collectability of the remaining book value is supported by an updated credit department evaluation of the borrower's financial condition and prospects for repayment, including consideration of the borrower's sustained historical repayment performance and other relevant factors. The determination as to whether an allowance is required with respect to impaired loans is based upon an analysis of the value of the underlying collateral and/or the borrower's intent and ability to make all principal and interest payments in accordance with contractual terms. The evaluation process is subject to the use of significant estimates and actual results could differ from estimates. This analysis is primarily based upon third party appraisals and/or a discounted cash flow analysis. In those cases in which no allowance has been provided for an impaired loan, the Company has determined that the estimated value of the underlying collateral exceeds the remaining outstanding balance of the loan. Of the total $13.9 million of impaired loans as of September 30, 2016 for which no allowance has been provided, $2.3 million in charge-offs have been recorded to reduce the unpaid principal balance to an amount that is commensurate with the loans' net realizable value, using the estimated fair value of the underlying collateral. To the extent that further deterioration in property values continues, the Company may have to reevaluate the sufficiency of the collateral servicing these impaired loans resulting in additional provisions to the allowance for loans losses or charge-offs. At September 30, 2016, total impaired loans included $10.7 million of troubled debt restructurings. Troubled debt restructurings involve granting concessions to a borrower experiencing financial difficulty by modifying the terms of the loan in an effort to avoid foreclosure. The vast majority of debt restructurings include a modification of terms to allow for an interest only payment and/or reduction in interest rate. The restructured terms are typically in place for six to twelve months. At December 31, 2015, total impaired loans included $17.5 million of troubled debt restructurings. The following presents data on troubled debt restructurings: As of September 30, 2016 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 3,298 3 $ 2,448 34 $ 5,746 37 Multi-family 2,522 1 1,445 5 3,967 6 Home equity 54 1 98 1 152 2 Construction and land 438 1 - - 438 1 Commercial real estate 296 1 63 1 359 2 $ 6,608 7 $ 4,054 41 $ 10,662 48 As of December 31, 2015 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 3,900 4 $ 5,739 45 $ 9,639 49 Multi-family 2,546 1 2,317 7 4,863 8 Home equity - - 98 1 98 1 Construction and land 1,556 2 - - 1,556 2 Commercial real estate 1,306 1 77 1 1,383 2 $ 9,308 8 $ 8,231 54 $ 17,539 62 At September 30, 2016, $10.7 million in loans had been modified in troubled debt restructurings and $4.1 million of these loans were included in the non-accrual loan total. The remaining $6.6 million, while meeting the internal requirements for modification in a troubled debt restructuring, were current with respect to payments under their original loan terms at the time of the restructuring and, therefore, continued to be included with accruing loans. Provided these loans perform in accordance with the modified terms, they will continue to be accounted for on an accrual basis. All loans that have been modified in a troubled debt restructuring are considered to be impaired. As such, an analysis has been performed with respect to all of these loans to determine the need for a valuation reserve. 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 for an amount 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, a valuation allowance is established equal to the impairment when the carrying amount exceeds fair value of the underlying collateral. As a result of the impairment analysis, a $336,000 valuation allowance has been established as of September 30, 2016 with respect to the $10.7 million in troubled debt restructurings. As of December 31, 2015, a $996,000 valuation allowance had been established with respect to the $17.5 million in troubled debt restructurings. After a troubled debt restructuring reverts to market terms, a minimum of six consecutive contractual payments must be received prior to consideration for a return to accrual status. If an updated credit department review indicates no other evidence of elevated credit risk, the loan is returned to accrual status at that time. The following presents troubled debt restructurings by concession type: As of September 30, 2016 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (dollars in thousands) Interest reduction and principal forbearance $ 1,114 22 $ - - $ 1,114 22 Principal forbearance 54 1 - - 54 1 Interest reduction 8,710 23 784 2 9,494 25 $ 9,878 46 $ 784 2 $ 10,662 48 As of December 31, 2015 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (dollars in thousands) Interest reduction and principal forbearance $ 13,971 30 $ 1,012 5 $ 14,983 35 Principal forbearance 97 1 - - 97 1 Interest reduction 2,459 26 - - 2,459 26 $ 16,527 57 $ 1,012 5 $ 17,539 62 The following table presents data on non-accrual loans as of September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (Dollars in Thousands) Non-accrual loans: Residential One- to four-family $ 8,444 $ 13,888 Multi-family 1,445 2,553 Home equity 305 437 Construction and land - 239 Commercial real estate 429 460 Commercial 44 27 Consumer - - Total non-accrual loans $ 10,667 $ 17,604 Total non-accrual loans to total loans receivable 0.93 % 1.58 % Total non-accrual loans to total assets 0.59 % 1.00 %

Real Estate Owned

Real Estate Owned	9 Months Ended
	Sep. 30, 2016
Real Estate Owned [Abstract]
Real Estate Owned [Text Block]	Note 4— Real Estate Owned Real estate owned is summarized as follows: September 30, 2016 December 31, 2015 (In Thousands) One- to four-family $ 2,735 $ 4,610 Multi-family 315 209 Construction and land 5,291 5,262 Commercial real estate 300 300 Total real estate owned 8,641 10,381 Valuation allowance at end of period (1,187 ) (1,191 ) Total real estate owned, net $ 7,454 $ 9,190 The following table presents the activity in the Company's real estate owned: Nine months ended September 30, 2016 2015 (In Thousands) Real estate owned at beginning of the period $ 9,190 18,706 Transferred from loans receivable 3,442 11,719 Sales (net of gains / losses) (4,762 ) (17,265 ) Write downs (416 ) (1,522 ) Other - 518 Real estate owned at the end of the period $ 7,454 12,156 Residential one- to four-family mortgage loans that were in the process of foreclosure were $3.0 million and $5.1 million at September 30, 2016 and December 31, 2015, respectively.

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2016
Mortgage Servicing Rights [Abstract]
Mortgage Servicing Rights	Note 5— Mortgage Servicing Rights The following table presents the activity in the Company's mortgage servicing rights: Nine months ended September 30, 2016 2015 (In Thousands) Mortgage servicing rights at beginning of the period $ 1,422 $ 2,521 Additions 1,486 3,149 Amortization (412 ) (412 ) Sales - (4,260 ) Mortgage servicing rights at end of the period 2,496 998 Valuation allowance at end of period (100 ) (20 ) Mortgage servicing rights at end of the period, net $ 2,396 $ 978 During the nine months ended September 30, 2016, $1.8 billion in residential loans were originated for sale. During the same period, sales of loans held for sale totaled $1.8 billion, generating mortgage banking income of $91.1 million. The unpaid principal balance of loans serviced for others was $371.3 million and $176.4 million at September 30, 2016 and December 31, 2015, respectively. These loans are not reflected in the consolidated statements of financial condition. During the nine months ended September 30, 2016, the Company did not sell any mortgage servicing rights. During the nine months ended September 30, 2015, the Company sold mortgage servicing rights related to $552.4 million in loans receivable with a book value of $4.3 million for $5.1 million resulting in a gain on sale of $807,000. The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated: Estimate for the period ended December 31: (In Thousands) 2016 $ 115 2017 414 2018 366 2019 364 2020 363 Thereafter 774 Total $ 2,396

Deposits

Deposits	9 Months Ended
	Sep. 30, 2016
Deposits [Abstract]
Deposits	Note 6— Deposits At September 30, 2016 and December 31, 2015, time deposits with balances greater than $250,000 amounted to $46.3 million and $37.7 million, respectively. A summary of the contractual maturities of time deposits at September 30, 2016 is as follows: (In Thousands) Within one year $ 481,068 More than one to two years 194,598 More than two to three years 6,304 More than three to four years 4,037 More than four through five years 1,297 $ 687,304

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2016
Borrowings [Abstract]
Borrowings	Note 7— Borrowings Borrowings consist of the following: September 30, 2016 December 31, 2015 Balance Weighted Average Rate Balance Weighted Average Rate (Dollars in Thousands) Short term: Repurchase agreement $ 13,983 3.27 % $ 7,203 3.19 % Federal Home Loan Bank, Chicago advances 50,000 0.29 % - 0.00 % Long term: Federal Home Loan Bank, Chicago advances maturing: 2016 - 0.00 % 220,000 4.34 % 2017 65,000 3.19 % 65,000 3.19 % 2018 65,000 2.97 % 65,000 2.97 % 2021 100,000 0.78 % - 0.00 % Repurchase agreements maturing 2017 84,000 3.96 % 84,000 3.96 % $ 377,983 2.31 % $ 441,203 3.88 % The short-term repurchase agreement represents the outstanding portion of a total $35.0 million commitment with one unrelated bank. The short-term repurchase agreement is utilized by Waterstone Mortgage Corporation to finance loans originated for sale. This agreement is secured by the underlying loans being financed. Related interest rates are based upon the note rate associated with the loans being financed. The short-term repurchase agreement had a $14.0 balance at September 30, 2016 and a $7.2 million balance at December 31, 2015. The $50.0 million short-term advance has a maturity date of October 27, 2016. The short-term advance has a fixed rate of 0.29%. The $65.0 million in advances due in 2017 consists of three advances with fixed rates ranging from 3.09% to 3.46% callable quarterly until maturity. The $65.0 million in advances due in 2018 consists of three advances with fixed rates ranging from 2.73% to 3.11% callable quarterly until maturity. The $100.0 million in advances due in 2021 consists of two advances totaling $50.0 million with fixed rates ranging from 0.67% to 0.73% with a FHLB quarterly call option beginning in June 2018 and one advance for $50.0 million with a fixed rate of 0.85% with a FHLB quarterly call option beginning in September 2018. The $84.0 million in repurchase agreements have fixed rates ranging from 2.89% to 4.31% callable quarterly until their maturity in 2017. The repurchase agreements are collateralized by securities available for sale with an estimated fair value of $91.7 million at September 30, 2016 and $94.1 million at December 31, 2015. The Company selects loans that meet underwriting criteria established by the FHLBC as collateral for outstanding advances. The Company's borrowings from the FHLBC are limited to 80% of the carrying value of unencumbered one- to four-family mortgage loans, 51% of the carrying value of home equity loans and 75% of the carrying value of multi-family loans. In addition, these advances are collateralized by FHLBC stock of $12.6 million at September 30, 2016 and $19.5 million at December 31, 2015. In the event of prepayment, the Company is obligated to pay all remaining contractual interest on the advance.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2016
Regulatory Capital [Abstract]
Regulatory Capital	Note 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 statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Company's and Bank's assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices. The Company's and Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Federal Reserve Board and the FDIC issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The final rules revise the regulatory capital elements, add a new common equity Tier I capital ratio, increase the minimum Tier 1 capital ratio requirements and implement a new capital conservation buffer. The rules also permit certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. The Company and the Bank have made the election to retain the existing treatment for accumulated other comprehensive income. The final rules took effect for the Company and the Bank on January 1, 2015, subject to a transition period for certain parts of the rules. The table below includes the new regulatory capital ratio requirements that became effective on January 1, 2015. Beginning in 2016, an additional capital conservation buffer was added to the minimum requirements for capital adequacy purposes, subject to a three year phase-in period. The capital conservation buffer will be fully phased-in on January 1, 2019 at 2.5 percent. A banking organization with a conservation buffer of less than 2.5 percent (or the required phase-in amount in years prior to 2019) will be subject to limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. At the present time, the ratios for the Company and the Bank are sufficient to meet the fully phased-in conservation buffer. The actual and required capital amounts and ratios for the Bank as of September 30, 2016 and December 31, 2015 are presented in the table below: September 30, 2016 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 421,928 32.25 % $ 104,659 8.00 % $ 112,836 8.625 % $ N/A N/A WaterStone Bank 386,208 29.59 % 104,409 8.00 % 112,566 8.625 % 130,511 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 406,295 31.06 % 78,495 6.00 % 86,671 6.625 % N/A N/A WaterStone Bank 370,575 28.39 % 78,307 6.00 % 86,464 6.625 % 104,409 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 406,295 31.06 % 58,871 4.50 % 67,047 5.125 % N/A N/A WaterStone Bank 370,575 28.39 % 58,730 4.50 % 66,887 5.125 % 84,832 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 406,295 22.66 % 71,735 4.00 % N/A N/A N/A N/A WaterStone Bank 370,575 20.71 % 71,561 4.00 % N/A N/A 89,452 5.00 % State of Wisconsin (to total assets) WaterStone Bank 370,575 20.69 % 107,442 6.00 % N/A N/A N/A N/A December 31, 2015 (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 405,947 33.41 % $ 97,207 8.00 % $ N/A N/A $ N/A N/A WaterStone Bank 374,435 30.92 % 96,885 8.00 % N/A N/A 121,106 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 390,747 32.16 % 72,905 6.00 % N/A N/A N/A N/A WaterStone Bank 359,284 29.67 % 72,664 6.00 % N/A N/A 96,885 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 390,747 32.16 % 54,679 4.50 % N/A N/A N/A N/A WaterStone Bank 359,284 29.67 % 54,498 4.50 % N/A N/A 78,719 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 390,747 22.20 % 70,417 4.00 % N/A N/A N/A N/A WaterStone Bank 359,284 20.45 % 70,286 4.00 % N/A N/A 87,857 5.00 % State of Wisconsin (to total assets) WaterStone Bank 359,284 20.43 % 105,493 6.00 % N/A N/A N/A N/A

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 9 – Income Taxes Income tax expense increased from $7.7 million during the nine months ended September 30, 2015 to $12.2 million for the nine months ended September 30, 2016. This increase was primarily due to the increase in our income before income taxes, which increased from $21.1 million during the nine months ended September 30, 2015 to $31.3 million during the nine months ended September 30, 2016. Income tax expense is recognized on the statement of income during the nine months ended September 30, 2016 at an effective rate of 39.0% of pretax income compared to 36.2% during the nine months ended September 30, 2015. During the quarter ended September 30, 2016, the Company incurred a charge related to stock options awarded in 2007. The deferred tax asset established for the stock options was not fully utilized upon exercise, as the deductible compensation recognized was less than the value of the asset established at the time the award vested. A net expense of $564,000 was charged to income tax for the quarter. The Company still has a deferred tax asset of $193,000 related to stock options awarded in 2007 that have not yet been exercised. The stock options awarded in 2007 expire in January 2017. If these awards are not exercised, the Company will have to recognize additional tax expense equal to the amount of the deferred tax asset upon expiration. In the event that these options are exercised, the Company's tax deduction would be limited to the amount by which the fair market value of the stock, on the exercise date, exceeds the options strike price. Per ASC 718, the determination of a need for a valuation allowance against stock-based compensation awards by a company should not consider the current fair market value of its stock. Therefore, no valuation allowance has been recorded against these awards, even though these awards are currently out-of-the-money and may not be exercised.

Offsetting of Assets and Liabil

Offsetting of Assets and Liabilities	9 Months Ended
	Sep. 30, 2016
Offsetting of Assets and Liabilities [Abstract]
Offsetting of Assets and Liabilities	Note 10 – Offsetting of Assets and Liabilities 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 transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing arrangements (i.e., secured borrowings) and not as a sale and subsequent repurchase of assets. The obligation to repurchase the assets is reflected as a liability in the Company's consolidated statements of condition, while the securities and loans held for sale underlying the repurchase agreements remain in the respective investment securities and loans held for sale asset accounts. In other words, there is no offsetting or netting of the investment securities or loans held for sale assets with the repurchase agreement liabilities. One of the Company's two short-term repurchase agreements and all of the Company's long-term repurchase agreements are subject to master netting agreements, which set forth the rights and obligations for repurchase and offset. Under the master netting agreement, the Company is entitled to set off the collateral placed with a single counterparty against obligations owed to that counterparty. The following table presents the liabilities subject to an enforceable master netting agreement as of September 30, 2016 and December 31, 2015. Gross Recognized Liabilities Gross Amounts Offset Net Amounts Presented Gross Amounts Not Offset Net Amount (In Thousands) September 30, 2016 Repurchase Agreements Short-term $ 13,983 $ - $ 13,983 $ 13,983 $ - Long-term 84,000 - 84,000 84,000 - $ 97,983 $ - $ 97,983 $ 97,983 $ - December 31, 2015 Repurchase Agreements Short-term $ 7,203 $ - $ 7,203 $ 7,203 $ - Long-term 84,000 - 84,000 84,000 - $ 91,203 $ - $ 91,203 $ 91,203 $ -

Commitments, Off-Balance Sheet

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities	9 Months Ended
	Sep. 30, 2016
Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities [Abstract]
Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities	Note 11– 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. September 30, 2016 December 31, 2015 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 35,463 $ 10,307 Commitments to extend credit under home equity lines of credit (2) 13,969 14,173 Unused portion of construction loans (3) 28,507 25,545 Unused portion of business lines of credit 13,345 16,392 Standby letters of credit 392 566 (1) (2) (3) Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements of the Company. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management's credit evaluation of the counter-party. Collateral obtained generally consists of mortgages on the underlying real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds mortgages on the underlying real estate as collateral supporting those commitments for which collateral is deemed necessary. The Company has determined that there are no probable losses related to commitments to extend credit or the standby letters of credit as of September 30, 2016 and December 31, 2015. In the normal course of business, the Company, or it's subsidiaries, are involved in various legal proceedings. In the opinion of management, any liability resulting from pending proceedings would not be expected to have a material adverse effect on the Company's consolidated financial statements. Herrington, et al. v. Waterstone Mortgage Corporation Waterstone Mortgage Corporation is a defendant in a lawsuit that was filed in the Federal District Court for the Western District of Wisconsin and has been transferred to arbitration, alleging that Waterstone Mortgage Corporation violated the Fair Labor Standards Act and failed to pay loan officers consistent with their various contracts. Waterstone Mortgage Corporation is and will continue to vigorously defend its interests in this matter.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 12 – Derivative Financial Instruments 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 to third party investors. 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 been designated as hedge relationships. These instruments are used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of ASC 815. Changes in the fair value of derivatives not designated in hedging relationships are recorded as a component of mortgage banking income in the Company's consolidated statements of operations. The Company does not use derivatives for speculative purposes. Forward commitments to sell mortgage loans represent commitments obtained by the Company from a secondary market agency to purchase mortgages from the Company at specified interest rates and within specified periods of time. Commitments to sell loans are made to mitigate interest rate risk on interest rate lock commitments to originate loans and loans held for sale. At September 30, 2016, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $454.6 million and interest rate lock commitments with an aggregate notional amount of approximately $262.0 million. The fair value of the forward commitments to sell mortgage loans at September 30, 2016 included a loss of $859,000 that is reported as a component of other liabilities on the Company's consolidated statement of financial condition. The fair value of the interest rate locks at September 30, 2016 included a gain of $4.2 million that is reported as a component of other assets on the Company's consolidated statements of financial condition. In determining the fair value of its derivative loan commitments, the Company considers the value that would be generated by the loan arising from exercise of the loan commitment when sold in the secondary mortgage market. That value includes the price that the loan is expected to be sold for in the secondary mortgage market. The fair value of these commitments is recorded on the consolidated statements of financial condition with the changes in fair value recorded as a component of mortgage banking income. Residential mortgage loans sold to others are predominantly conventional residential first lien mortgages. The Company's agreements to sell residential mortgage loans in the normal course of business usually require certain representations and warranties on the underlying loans sold related to credit information, loan documentation and collateral, which if subsequently are untrue or breached, could require the Company to repurchase certain loans affected. The Company has only been required to make insignificant repurchases as a result of breaches of these representations and warranties. The Company's agreements to sell residential mortgage loans also contain limited recourse provisions. The recourse provisions are limited in that the recourse provision ends after certain payment criteria have been met. With respect to these loans, repurchase could be required if defined delinquency issues arose during the limited recourse period. Given that the underlying loans delivered to buyers are predominantly conventional first lien mortgages and that historical experience shows negligible losses and insignificant repurchase activity, management believes that losses and repurchases under the limited recourse provisions will continue to be insignificant.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings (loss) per share	Note 13 – Earnings Per Share Earnings per share are computed using the two-class method. Basic earnings per share is computed by dividing net income allocated to common shares by the weighted average number of common shares outstanding during the applicable period, excluding outstanding participating securities. Participating securities include unvested restricted stock awards. Unvested restricted stock awards issued in 2012 are considered participating securities because holders of these securities have the right to receive dividends at the same rate as holders of the Company's common stock. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of all potential common shares. Presented below are the calculations for basic and diluted earnings per share: Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 (In Thousands, except per share amounts) Net income $ 7,505 $ 5,199 $ 19,133 $ 13,498 Net income available to unvested restricted shares 5 6 12 15 Net income available to common stockholders $ 7,500 $ 5,193 $ 19,121 $ 13,483 Weighted average shares outstanding 27,043 27,490 26,976 29,882 Effect of dilutive potential common shares 386 305 307 263 Diluted weighted average shares outstanding 27,429 27,795 27,283 30,145 Basic earnings per share $ 0.28 $ 0.19 $ 0.71 $ 0.45 Diluted earnings per share $ 0.27 $ 0.19 $ 0.70 $ 0.45

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 14 – Fair Value Measurements ASC Topic 820, "Fair Value Measurements and Disclosures" defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. This accounting standard applies to reported balances that are required or permitted to be measured at fair value under existing accounting pronouncements. The standard also emphasizes that fair value (i.e., the price that would be received in an orderly transaction that is not a forced liquidation or distressed sale at the measurement date), among other things, is based on exit price versus entry price, should include assumptions about risk such as nonperformance risk in liability fair values, and is a market-based measurement, not an entity-specific measurement. When considering the assumptions that market participants would use in pricing the asset or liability, this accounting standard establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity's own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The fair value hierarchy prioritizes inputs used to measure fair value into three broad levels. Level 1 inputs Level 2 inputs Level 3 inputs In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following table presents information about our assets recorded in our consolidated statement of financial position at their fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using September 30, 2016 Level 1 Level 2 Level 3 (In Thousands) Available for sale securities Mortgage-backed securities $ 80,782 $ - $ 80,782 $ - Collateralized mortgage obligations Government sponsored enterprise issued 63,763 - 63,763 - Government sponsored enterprise bonds 3,765 - 3,765 - Municipal securities 78,465 - 78,465 - Other debt securities 16,892 2,516 14,376 - Certificates of deposit 1,729 - 1,729 - Loans held for sale 227,765 - 227,765 - Mortgage banking derivative assets 4,160 - - 4,160 Mortgage banking derivative liabilities 859 - - 859 Fair Value Measurements Using December 31, 2015 Level 1 Level 2 Level 3 (In Thousands) Available for sale securities Mortgage-backed securities $ 96,667 $ - $ 96,667 $ - Collateralized mortgage obligations Government sponsored enterprise issued 70,428 - 70,428 - Government sponsored enterprise bonds 3,746 - 3,746 - Municipal securities 79,159 - 79,159 - Other debt securities 16,963 2,600 14,363 - Certificates of deposit 2,695 - 2,695 - Loans held for sale 166,516 - 166,516 - Mortgage banking derivative assets 2,313 - - 2,313 Mortgage banking derivative liabilities 125 - - 125 The following summarizes the valuation techniques for assets 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 value of mortgage-backed securities, collateralized mortgage obligations and government sponsored enterprise bonds are determined by a third party valuation source using observable market data utilizing a matrix or multi-dimensional relational pricing model. Standard inputs to these models include observable market data such as benchmark yields, reported trades, broker quotes, issuer spreads, benchmark securities, prepayment models and bid/offer market data. For securities with an early redemption feature, an option adjusted spread model is utilized to adjust the issuer spread. These model and matrix measurements are classified as Level 2 in the fair value hierarchy. The fair value of municipal securities is determined by a third party valuation source using observable market data utilizing a multi-dimensional relational pricing model. Standard inputs to this model include observable market data such as benchmark yields, reported trades, broker quotes, rating updates and issuer spreads. These model measurements are classified as Level 2 in the fair value hierarchy. The fair value of other debt securities, which includes a trust preferred security issued by a financial institution, is determined through quoted prices in active markets and is classified as Level 1 in the fair value hierarchy. 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 in the fair value hierarchy of valuation techniques. 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 and 3 inputs used in the valuation models, the Company has determined that one or more of the inputs significant in the valuation of both of the mortgage banking derivatives fall within Level 3 of the fair value hierarchy. The table below presents reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2016 and 2015. Mortgage banking derivatives, net (In Thousands) Balance at December 31, 2014 $ 999 Mortgage derivative gain, net 1,189 Balance at December 31, 2015 $ 2,188 Mortgage derivative gain, net 1,113 Balance at September 30, 2016 $ 3,301 There were no transfers in or out of Level 1, 2 or 3 measurements during the periods. Assets Recorded at Fair Value on a Non-recurring Basis The following tables present information about our assets recorded in our consolidated statement of financial position at their fair value on a non-recurring basis as of September 30, 2016 and December 31, 2015, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using September 30, 2016 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 3,011 $ - $ - $ 3,011 Real estate owned 7,454 - - 7,454 Impaired mortgage servicing rights 1,149 - - 1,149 Fair Value Measurements Using December 31, 2015 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 8,024 $ - $ - $ 8,024 Real estate owned 9,190 - - 9,190 (1) Represents collateral-dependent impaired loans, net, which are included in loans. Loans – We do not record loans at fair value on a recurring basis. On a non-recurring basis, loans determined to be impaired are analyzed to determine whether a collateral shortfall exists, and if such a shortfall exists, are recorded on our consolidated statements of financial condition at net realizable value of the underlying collateral. Fair value is determined based on third party appraisals. Appraised values are adjusted to consider disposition costs and also to take into consideration the age of the most recent appraisal. Given the significance of the adjustments made to appraised values necessary to estimate the fair value of impaired loans, loans that have been deemed to be impaired are considered to be Level 3 in the fair value hierarchy of valuation techniques. At September 30, 2016, loans determined to be impaired with an outstanding balance of $3.7 million were carried net of specific reserves of $683,000 for a fair value of $3.0 million. At December 31, 2015, loans determined to be impaired with an outstanding balance of $9.6 million were carried net of specific reserves of $1.6 million for a fair value of $8.0 million. Impaired loans collateralized by assets which are valued in excess of the net investment in the loan do not require any specific reserves. Real estate owned – On a non-recurring basis, real estate owned, is recorded in our consolidated statements of financial condition at the lower of cost or fair value. Fair value is determined based on third party appraisals and, if less than the carrying value of the foreclosed loan, the carrying value of the real estate owned is adjusted to the fair value. Appraised values are adjusted to consider disposition costs and also to take into consideration the age of the most recent appraisal. Given the significance of the adjustments made to appraised values necessary to estimate the fair value of the properties, real estate owned is considered to be Level 3 in the fair value hierarchy of valuation techniques. Changes in the value of real estate owned totaled $416,000 and $1.5 million during the nine months ended September 30, 2016 and 2015, respectively and are recorded in real estate owned expense. At September 30, 2016 and December 31, 2015, real estate owned totaled $7.5 million and $9.2 million, respectively. Mortgage servicing rights - The Company utilizes an independent valuation from a third party which uses a discounted cash flow model to estimate the fair value of mortgage servicing rights. The model utilizes prepayment assumptions to project cash flows related to the mortgage servicing rights based upon the current interest rate environment, which is then discounted to estimate an expected fair value of the mortgage servicing rights. The model considers characteristics specific to the underlying mortgage portfolio, such as: contractually specified servicing fees, prepayment assumptions, delinquency rates, late charges and costs to service. Given the significance of the unobservable inputs utilized in the estimation process, mortgage servicing rights are classified as Level 3 within the fair value hierarchy. The Company records the mortgage servicing rights at the lower of amortized cost or fair value. At September 30, 2016, the Company determined that $1.1 million of mortgage servicing rights were temporarily impaired, and as a result, recorded an impairment valuation allowance of $100,000. At , there was no impairment identified for mortgage servicing rights. For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2016, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at September 30, 2016 Valuation Technique Significant Unobservable Inputs Minimum Value Maximum Value Mortgage banking derivatives $ 3,301 Pricing models Pull through rate 52.2 % 99.9 % Impaired loans 3,011 Market approach Discount rates applied to appraisals 15.0 % 30.0 % Real estate owned 7,454 Market approach Discount rates applied to appraisals 5.6 % 85.7 % Impaired mortgage servicing rights 1,149 Pricing models Prepayment rate 7.0 % 36.7 % Discount rate 10.0 % 12.0 % Cost to service $ 75.93 $ 571.61 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 significant unobservable inputs used in the fair value measurement of collateral for collateral-dependent impaired loans and real estate owned included in the above table primarily relate to discounting criteria applied to independent appraisals received with respect to the collateral. Discounts applied to the appraisals are dependent on the vintage of the appraisal as well as the marketability of the property. The discount factor is computed using actual realization rates on properties that have been foreclosed upon and liquidated in the open market. The significant unobservable inputs used in the fair value measurement of mortgage servicing rights include the prepayment rate, discount rate and cost to service. The prepayment rate represents the assumed rate of prepayment of the outstanding principal balance of the underlying mortgage notes. Significant increases (decreases) in any of those inputs in isolation could result in a significantly lower (higher) fair value measurement. Although the prepayment rate and discount rate are not directly interrelated, they will generally move in opposite directions. Fair value information about financial instruments follows, whether or not recognized in the consolidated statements of financial condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments are excluded from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The carrying amounts and fair values of the Company's financial instruments consist of the following: September 30, 2016 December 31, 2015 Carrying amount Fair Value Carrying 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 $ 54,320 $ 54,320 $ 44,570 $ 9,750 $ - $ 100,471 $ 100,471 $ 100,471 $ - $ - Securities available-for-sale 245,396 245,396 2,516 242,880 - 269,658 269,658 2,600 267,058 - Loans held for sale 227,765 227,765 - 227,765 - 166,516 166,516 - 166,516 - Loans receivable 1,151,696 1,191,520 - - 1,191,520 1,114,934 1,165,370 - - 1,165,370 FHLB stock 12,600 12,600 - 12,600 - 19,500 19,500 - 19,500 - Accrued interest receivable 4,312 4,312 4,312 - - 4,108 4,108 4,108 - - Mortgage servicing rights 2,396 2,414 - - 2,414 1,422 1,658 - - 1,658 Mortgage banking derivative assets 4,160 4,160 - - 4,160 2,313 2,313 - - 2,313 Financial Liabilities Deposits 955,648 956,041 268,344 687,697 - 893,361 894,015 243,304 650,711 - Advance payments by borrowers for taxes 25,268 25,268 25,268 - - 3,661 3,661 3,661 - - Borrowings 377,983 383,180 - 383,180 - 441,203 463,238 - 463,238 - Accrued interest payable 1,027 1,027 1,027 - - 1,642 1,642 1,642 - - Mortgage banking derivative liabilities 859 859 - - 859 125 125 - - 125 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. Securities The fair value of securities is generally determined by a third party valuation source using observable market data utilizing a matrix or multi-dimensional relational pricing model. Standard inputs to these models include observable market data such as benchmark yields, reported trades, broker quotes, issuer spreads, benchmark securities and bid/offer market data. For securities with an early redemption feature, an option adjusted spread model is utilized to adjust the issuer spread. Prepayment models are used for mortgage related securities with prepayment features. 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 Loans determined to be impaired are analyzed to determine whether a collateral shortfall exists, and if such a shortfall exists, are recorded on our consolidated statements of financial condition at fair value. Fair value is determined based on third party appraisals. Appraised values are adjusted to consider disposition costs and also to take into consideration the age of the most recent appraisal. With respect to loans that are not considered to be impaired, fair value is estimated by discounting the future contractual cash flows using discount rates that reflect a current rate offered to borrowers of similar credit standing for the remaining term to maturity. This method of estimating fair value does not incorporate the exit-price concept of fair value prescribed by ASC 820-10 and generally produces a higher fair value. 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 marketable. Furthermore, interest rates on any amounts drawn under such commitments would be generally established at market rates at the time of the draw. Fair values for the Company's commitments to extend credit and standby letters of credit are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, the counterparty's credit standing, and discounted cash flow analyses. The fair value of the Company's commitments to extend credit was not material at September 30, 2016 and December 31, 2015. 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.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segments and Related Information	Note 15 – Segment Reporting Selected financial and descriptive information is required to be provided about reportable operating segments, considering a "management approach" concept as the basis for identifying reportable segments. The management approach is based on the way that management organizes the segments within the enterprise for making operating decisions, allocating resources, and assessing performance. Consequently, the segments are evident from the structure of the enterprise's internal organization, focusing on financial information that an enterprise's chief operating decision-makers use to make decisions about the enterprise's operating matters. The Company has determined that it has two reportable segments: community banking and mortgage banking. The Company's operating segments are presented based on its management structure and management accounting practices. The structure and practices are specific to the Company and therefore, the financial results of the Company's business segments are not necessarily comparable with similar information for other financial institutions. Community Banking The community banking segment provides consumer and business banking products and services to customers primarily within Southeastern Wisconsin along with a loan production office in Minneapolis, Minnesota. Within this segment, the following products and services are provided: (1) lending solutions such as residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; (2) deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; (3) investable funds solutions such as savings, money market deposit accounts, IRA accounts, certificates of deposit, and (4) fixed and variable annuities, insurance as well as trust and investment management accounts. Consumer products include loan and deposit products: mortgage, home equity loans and lines, personal term loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Consumer products also include personal investment services. Business banking products include secured and unsecured lines and term loans for working capital, inventory and general corporate use, commercial real estate construction loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Mortgage Banking The mortgage banking segment provides residential mortgage loans for the primary purpose of sale on the secondary market. Mortgage banking products and services are provided by offices in 23 states. As of or for the three months ended September 30, 2016 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 11,244 $ 10 $ 71 $ 11,325 Provision for loan losses 100 35 - 135 Net interest income after provision for loan losses 11,144 (25 ) 71 11,190 Noninterest income 1,658 36,124 (370 ) 37,412 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,392 23,295 (114 ) 27,573 Occupancy, office furniture and equipment 740 1,579 - 2,319 FDIC insurance premiums 140 - - 140 Real estate owned 37 - - 37 Other 1,252 4,453 (233 ) 5,472 Total noninterest expenses 6,561 29,327 (347 ) 35,541 Income before income taxes 6,241 6,772 48 13,061 Income tax expense 2,107 2,767 682 5,556 Net income (loss) $ 4,134 $ 4,005 $ (634 ) $ 7,505 Total assets $ 1,777,014 $ 259,636 $ (241,615 ) $ 1,795,035 As of or for the three months ended September 30, 2015 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 9,566 $ 265 $ 79 $ 9,910 Provision for loan losses 500 80 - 580 Net interest income after provision for loan losses 9,066 185 79 9,330 Noninterest income 1,146 27,636 (231 ) 28,551 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 3,927 17,411 (104 ) 21,234 Occupancy, office furniture and equipment 800 1,492 - 2,292 FDIC insurance premiums 243 - - 243 Real estate owned 646 - - 646 Other 1,171 4,235 (35 ) 5,371 Total noninterest expenses 6,787 23,138 (139 ) 29,786 Income (loss) before income taxes 3,425 4,683 (13 ) 8,095 Income tax expense 962 1,917 17 2,896 Net income (loss) $ 2,463 $ 2,766 $ (30 ) $ 5,199 Total assets $ 1,724,714 $ 176,341 $ (156,346 ) $ 1,744,709 As of or for the nine months ended September 30, 2016 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 30,977 $ 287 $ 209 $ 31,473 Provision for loan losses 200 140 - 340 Net interest income after provision for loan losses 30,777 147 209 31,133 Noninterest income 3,583 92,457 (832 ) 95,208 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 12,784 58,526 (342 ) 70,968 Occupancy, office furniture and equipment 2,388 4,686 - 7,074 FDIC insurance premiums 500 - - 500 Real estate owned 344 - - 344 Other 3,705 12,790 (387 ) 16,108 Total noninterest expenses 19,721 76,002 (729 ) 94,994 Income before income taxes 14,639 16,602 106 31,347 Income tax expense 4,711 6,797 706 12,214 Net income (loss) $ 9,928 $ 9,805 $ (600 ) $ 19,133 As of or for the nine months ended September 30, 2015 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 28,541 $ 615 $ 250 $ 29,406 Provision for loan losses 1,450 270 - 1,720 Net interest income after provision for loan losses 27,091 345 250 27,686 Noninterest income 2,824 79,193 (393 ) 81,624 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 12,462 50,438 (316 ) 62,584 Occupancy, office furniture and equipment 2,447 4,557 - 7,004 FDIC insurance premiums 851 - - 851 Real estate owned 1,860 15 - 1,875 Other 3,275 12,434 138 15,847 Total noninterest expenses 20,895 67,444 (178 ) 88,161 Income before income taxes 9,020 12,094 35 21,149 Income tax expense 2,544 5,018 89 7,651 Net income (loss) $ 6,476 $ 7,076 $ (54 ) $ 13,498

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of presentation	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information, Rule 10-01 of Regulation S-X and the instructions to Form 10-Q. The financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations, changes in shareholders' equity, and cash flows of the Company for the periods presented.
Use of estimates	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, deferred income taxes and real estate owned. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications did not result in any changes to previously reported net income or shareholders' equity. Impact of Recent Accounting Pronouncements ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326)" ASU 2016-02 "Lease (Topic 842)"

Securities Available for Sale (

Securities Available for Sale (Policies)	9 Months Ended
	Sep. 30, 2016
Securities Available for Sale [Abstract]
Impairment of investment securities	The Company reviews the investment securities portfolio on a quarterly basis to monitor its exposure to other-than-temporary impairment. In evaluating whether a security's decline in market value is other-than-temporary, management considers the length of time and extent to which the fair value has been less than cost, the financial condition of the issuer and the underlying obligors, quality of credit enhancements, volatility of the fair value of the security, the expected recovery period of the security and ratings agency evaluations. In addition, the Company may also evaluate payment structure, whether there are defaulted payments or expected defaults, prepayment speeds and the value of any underlying collateral.

Derivative Financial Instrume27

Derivative Financial Instruments (Policies)	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments [Abstract]
Derivative financial instruments	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 to third party investors. 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 been designated as hedge relationships. These instruments are used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of ASC 815. Changes in the fair value of derivatives not designated in hedging relationships are recorded as a component of mortgage banking income in the Company's consolidated statements of operations. The Company does not use derivatives for speculative purposes. Forward commitments to sell mortgage loans represent commitments obtained by the Company from a secondary market agency to purchase mortgages from the Company at specified interest rates and within specified periods of time. Commitments to sell loans are made to mitigate interest rate risk on interest rate lock commitments to originate loans and loans held for sale. At September 30, 2016, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $454.6 million and interest rate lock commitments with an aggregate notional amount of approximately $262.0 million. The fair value of the forward commitments to sell mortgage loans at September 30, 2016 included a loss of $859,000 that is reported as a component of other liabilities on the Company's consolidated statement of financial condition. The fair value of the interest rate locks at September 30, 2016 included a gain of $4.2 million that is reported as a component of other assets on the Company's consolidated statements of financial condition. In determining the fair value of its derivative loan commitments, the Company considers the value that would be generated by the loan arising from exercise of the loan commitment when sold in the secondary mortgage market. That value includes the price that the loan is expected to be sold for in the secondary mortgage market. The fair value of these commitments is recorded on the consolidated statements of financial condition with the changes in fair value recorded as a component of mortgage banking income. Residential mortgage loans sold to others are predominantly conventional residential first lien mortgages. The Company's agreements to sell residential mortgage loans in the normal course of business usually require certain representations and warranties on the underlying loans sold related to credit information, loan documentation and collateral, which if subsequently are untrue or breached, could require the Company to repurchase certain loans affected. The Company has only been required to make insignificant repurchases as a result of breaches of these representations and warranties. The Company's agreements to sell residential mortgage loans also contain limited recourse provisions. The recourse provisions are limited in that the recourse provision ends after certain payment criteria have been met. With respect to these loans, repurchase could be required if defined delinquency issues arose during the limited recourse period. Given that the underlying loans delivered to buyers are predominantly conventional first lien mortgages and that historical experience shows negligible losses and insignificant repurchase activity, management believes that losses and repurchases under the limited recourse provisions will continue to be insignificant.

Securities Available for Sale28

Securities Available for Sale (Tables)	9 Months Ended
	Sep. 30, 2016
Securities Available for Sale [Abstract]
Amortized cost and fair values of investment in securities available for sale	The amortized cost and fair values of the Company's investment in securities available for sale follow: September 30, 2016 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 78,582 $ 2,201 $ (1 ) $ 80,782 Collateralized mortgage obligations: Government sponsored enterprise issued 62,993 770 - 63,763 Mortgage-related securities 141,575 2,971 (1 ) 144,545 Government sponsored enterprise bonds 3,750 15 - 3,765 Municipal securities 75,750 2,721 (6 ) 78,465 Other debt securities 17,399 216 (723 ) 16,892 Debt securities 96,899 2,952 (729 ) 99,122 Certificates of deposit 1,715 14 - 1,729 $ 240,189 $ 5,937 $ (730 ) $ 245,396 December 31, 2015 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 95,911 $ 1,004 $ (248 ) $ 96,667 Collateralized mortgage obligations: Government sponsored enterprise issued 70,605 123 (300 ) 70,428 Mortgage-related securities 166,516 1,127 (548 ) 167,095 Government sponsored enterprise bonds 3,750 - (4 ) 3,746 Municipal securities 77,509 1,730 (80 ) 79,159 Other debt securities 17,401 209 (647 ) 16,963 Debt securities 98,660 1,939 (731 ) 99,868 Certificates of deposit 2,695 4 (4 ) 2,695 $ 267,871 $ 3,070 $ (1,283 ) $ 269,658
Amortized cost and fair values of investment securities by contractual maturity	The amortized cost and fair values of investment securities by contractual maturity at September 30, 2016 are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value (In Thousands) Debt and other securities Due within one year $ 13,145 $ 13,207 Due after one year through five years 21,265 21,521 Due after five years through ten years 41,448 43,262 Due after ten years 22,756 22,861 Mortgage-related securities 141,575 144,545 $ 240,189 $ 245,396
Total proceeds and gross gains and losses from sales of investment securities available for sale	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: September 30, 2016 Less than 12 months 12 months or longer Total Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In Thousands) Mortgage-backed securities $ - $ - $ 1,342 $ (1 ) $ 1,342 $ (1 ) Collateralized mortgage obligations: Government sponsored enterprise issued - - - - - - Municipal securities 6,456 (5 ) 2,999 (1 ) 9,455 (6 ) Other debt securities - - 9,277 (723 ) 9,277 (723 ) Certificates of deposit - - - - - - $ 6,456 $ (5 ) $ 13,618 $ (725 ) $ 20,074 $ (730 ) December 31, 2015 Less than 12 months 12 months or longer Total Fair value Unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In Thousands) Mortgage-backed securities $ 18,488 $ (163 ) $ 5,577 $ (85 ) $ 24,065 $ (248 ) Collateralized mortgage obligations: Government sponsored enterprise issued 48,281 (300 ) - - 48,281 (300 ) Government sponsored enterprise bonds 3,246 (4 ) - - 3,246 (4 ) Municipal securities 9,409 (18 ) 5,555 (62 ) 14,964 (80 ) Other debt securities 14,363 (647 ) - - 14,363 (647 ) Certificates of deposit 976 (4 ) - - 976 (4 ) $ 94,763 $ (1,136 ) $ 11,132 $ (147 ) $ 105,895 $ (1,283 )

Loans Receivable (Tables)

Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2016
Loan Receivable [Abstract]
Schedule of Components of Loans Receivable	Loans receivable at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, 2016 December 31, 2015 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 389,267 $ 381,992 Multi-family 551,487 547,250 Home equity 22,394 24,326 Construction and land 21,571 19,148 Commercial real estate 137,298 118,820 Consumer 339 361 Commercial loans 29,340 23,037 $ 1,151,696 $ 1,114,934 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 borrower or to multiple borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. While the Company's credit risks are geographically concentrated in the Milwaukee metropolitan area, there are no concentrations with individual or groups of related borrowers. Qualifying loans receivable totaling $896.4 million and $872.8 million at September 30, 2016 and December 31, 2015, respectively, are pledged as collateral against $280.0 million in outstanding Federal Home Loan Bank of Chicago (FHLBC) advances under a blanket security agreement. As of September 30, 2016 and December 31, 2015, there were no loans 90 or more days past due and still accruing interest.
Analysis of Past Due Loans Receivable	An analysis of past due loans receivable as of September 30, 2016 and December 31, 2015 follows: As of September 30, 2016 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 1,546 $ 1,303 $ 4,999 $ 7,848 $ 381,419 $ 389,267 Multi-family 130 - 404 534 550,953 551,487 Home equity 37 35 58 130 22,264 22,394 Construction and land - - - - 21,571 21,571 Commercial real estate 10 - 207 217 137,081 137,298 Consumer - - - - 339 339 Commercial loans - 1 26 27 29,313 29,340 Total $ 1,723 $ 1,339 $ 5,694 $ 8,756 $ 1,142,940 $ 1,151,696 As of December 31, 2015 1-59 Days Past Due (1) 60-89 Days Past Due (2) 90 Days or Greater Total Past Due Current (3) Total Loans (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ 851 $ 1,133 $ 6,503 $ 8,487 $ 373,505 $ 381,992 Multi-family - 207 1,858 2,065 545,185 547,250 Home equity 255 96 110 461 23,865 24,326 Construction and land - - 238 238 18,910 19,148 Commercial real estate 57 - 223 280 118,540 118,820 Consumer - - - - 361 361 Commercial loans - - - - 23,037 23,037 Total $ 1,163 $ 1,436 $ 8,932 $ 11,531 $ 1,103,403 $ 1,114,934 (1) Includes $187,000 and $315,000 at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status. (2) Includes $48,000 and $467,000 at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status. (3) Includes $4.7 million and $7.9 million at September 30, 2016 and December 31, 2015, respectively, which are on non-accrual status.
Allowance for Loan Losses	A summary of the activity for the nine months ended September 30, 2016 and 2015 in the allowance for loan losses follows: One- to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Nine months ended September 30, 2016 Balance at beginning of period $ 7,763 $ 5,000 $ 433 $ 904 $ 1,680 $ 9 $ 396 $ 16,185 Provision (credit) for loan losses 141 23 (25 ) (123 ) 33 3 288 340 Charge-offs (801 ) (488 ) (62 ) (3 ) - - - (1,354 ) Recoveries 246 134 24 58 - - - 462 Balance at end of period $ 7,349 $ 4,669 $ 370 $ 836 $ 1,713 $ 12 $ 684 $ 15,633 Nine months ended September 30, 2015 Balance at beginning of period $ 9,877 $ 5,358 $ 422 $ 687 $ 1,951 $ 8 $ 403 $ 18,706 Provision (credit) for loan losses 1,032 615 (5 ) 157 (204 ) (2 ) 127 1,720 Charge-offs (3,212 ) (1,501 ) (72 ) (84 ) (45 ) - - (4,914 ) Recoveries 436 789 101 45 40 5 - 1,416 Balance at end of period $ 8,133 $ 5,261 $ 446 $ 805 $ 1,742 $ 11 $ 530 $ 16,928
Schedule of Allowance for Loan Loss for Loans Evaluated Individually and Collectively For Impairment	A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of September 30, 2016 follows: One- to Four- Family Multi- Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to loans individually evaluated for impairment $ 532 $ - $ 73 $ - $ 77 $ - $ 1 $ 683 Allowance related to loans collectively evaluated for impairment 6,817 4,669 297 836 1,636 12 683 14,950 Balance at end of period $ 7,349 $ 4,669 $ 370 $ 836 $ 1,713 $ 12 $ 684 $ 15,633 Loans individually evaluated for impairment $ 12,021 $ 3,967 $ 373 $ 437 $ 726 $ - $ 44 $ 17,568 Loans collectively evaluated for impairment 377,246 547,520 22,021 21,134 136,572 339 29,296 1,134,128 Total gross loans $ 389,267 $ 551,487 $ 22,394 $ 21,571 $ 137,298 $ 339 $ 29,340 $ 1,151,696 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of December 31, 2015 follows: One- to Four-Family Multi- Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) Allowance related to loans individually evaluated for impairment $ 1,114 $ 242 $ 108 $ 3 $ 106 $ - $ 3 $ 1,576 Allowance related to loans collectively evaluated for impairment 6,649 4,758 325 901 1,574 9 393 14,609 Balance at end of period $ 7,763 $ 5,000 $ 433 $ 904 $ 1,680 $ 9 $ 396 $ 16,185 Loans individually evaluated for impairment $ 18,385 $ 5,100 $ 472 $ 1,795 $ 1,766 $ - $ 27 $ 27,545 Loans collectively evaluated for impairment 363,607 542,150 23,854 17,353 117,054 361 23,010 1,087,389 Total gross loans $ 381,992 $ 547,250 $ 24,326 $ 19,148 $ 118,820 $ 361 $ 23,037 $ 1,114,934
Internal Risk Rating of Loans Receivable	The following table presents information relating to the Company's internal risk ratings of its loans receivable as of September 30, 2016 and December 31, 2015: One to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At September 30, 2016 Substandard $ 14,415 $ 1,445 $ 406 $ — $ 725 $ - $ 44 $ 17,035 Watch 9,923 2,920 194 873 1,053 - 2,896 17,859 Pass 364,929 547,122 21,794 20,698 135,520 339 26,400 1,116,802 $ 389,267 $ 551,487 $ 22,394 $ 21,571 $ 137,298 $ 339 $ 29,340 $ 1,151,696 At December 31, 2015 Substandard $ 19,148 $ 2,553 $ 684 $ 1,794 $ 1,766 $ - $ 55 $ 26,000 Watch 11,352 3,634 128 - 1,161 - 402 16,677 Pass 351,492 541,063 23,514 17,354 115,893 361 22,580 1,072,257 $ 381,992 $ 547,250 $ 24,326 $ 19,148 $ 118,820 $ 361 $ 23,037 $ 1,114,934
Impaired Loan Receivables	The following tables present data on impaired loans at September 30, 2016 and December 31, 2015. As of or for the Nine Months Ended September 30, 2016 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 3,249 $ 3,289 $ 532 $ 40 $ 3,307 $ 113 Multi-family - - - - - - Home equity 158 158 73 - 165 10 Construction and land - - - - - - Commercial real estate 286 695 77 409 299 11 Consumer - - - - - - Commercial 1 1 1 - 2 - 3,694 4,143 683 449 3,773 134 Total Impaired with no Reserve One- to four-family 8,772 10,087 - 1,315 8,944 262 Multi-family 3,967 4,986 - 1,019 4,008 174 Home equity 215 215 - - 224 6 Construction and land 437 437 - - 615 15 Commercial real estate 440 440 - - 440 10 Consumer - - - - - - Commercial 43 43 - - 47 1 13,874 16,208 - 2,334 14,278 468 Total Impaired One- to four-family 12,021 13,376 532 1,355 12,251 375 Multi-family 3,967 4,986 - 1,019 4,008 174 Home equity 373 373 73 - 389 16 Construction and land 437 437 - - 615 15 Commercial real estate 726 1,135 77 409 739 21 Consumer - - - - - - Commercial 44 44 1 - 49 1 $ 17,568 $ 20,351 $ 683 $ 2,783 $ 18,051 $ 602 As of or for the Year Ended December 31, 2015 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 7,903 $ 8,923 $ 1,114 $ 1,020 $ 8,113 $ 393 Multi-family 1,055 1,055 242 - 1,044 42 Home equity 169 169 108 - 174 10 Construction and land 156 269 3 113 155 - Commercial real estate 314 723 106 409 367 23 Consumer - - - - - - Commercial 3 3 3 - 5 1 9,600 11,142 1,576 1,542 9,858 469 Total Impaired with no Reserve One- to four-family 10,482 11,991 - 1,509 10,676 500 Multi-family 4,045 5,090 - 1,045 4,106 245 Home equity 303 303 - - 307 13 Construction and land 1,639 1,639 - - 1,827 62 Commercial real estate 1,452 1,452 - - 1,458 72 Consumer - - - - - - Commercial 24 24 - - 29 2 17,945 20,499 - 2,554 18,403 894 Total Impaired One- to four-family 18,385 20,914 1,114 2,529 18,789 893 Multi-family 5,100 6,145 242 1,045 5,150 287 Home equity 472 472 108 - 481 23 Construction and land 1,795 1,908 3 113 1,982 62 Commercial real estate 1,766 2,175 106 409 1,825 95 Consumer - - - - - - Commercial 27 27 3 - 34 3 $ 27,545 $ 31,641 $ 1,576 $ 4,096 $ 28,261 $ 1,363
Troubled Debt Restructurings on Loan Receivables	The following presents data on troubled debt restructurings: As of September 30, 2016 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 3,298 3 $ 2,448 34 $ 5,746 37 Multi-family 2,522 1 1,445 5 3,967 6 Home equity 54 1 98 1 152 2 Construction and land 438 1 - - 438 1 Commercial real estate 296 1 63 1 359 2 $ 6,608 7 $ 4,054 41 $ 10,662 48 As of December 31, 2015 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 3,900 4 $ 5,739 45 $ 9,639 49 Multi-family 2,546 1 2,317 7 4,863 8 Home equity - - 98 1 98 1 Construction and land 1,556 2 - - 1,556 2 Commercial real estate 1,306 1 77 1 1,383 2 $ 9,308 8 $ 8,231 54 $ 17,539 62
Schedule of Troubled Debt Restructurings by Concession Type	The following presents troubled debt restructurings by concession type: As of September 30, 2016 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (dollars in thousands) Interest reduction and principal forbearance $ 1,114 22 $ - - $ 1,114 22 Principal forbearance 54 1 - - 54 1 Interest reduction 8,710 23 784 2 9,494 25 $ 9,878 46 $ 784 2 $ 10,662 48 As of December 31, 2015 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (dollars in thousands) Interest reduction and principal forbearance $ 13,971 30 $ 1,012 5 $ 14,983 35 Principal forbearance 97 1 - - 97 1 Interest reduction 2,459 26 - - 2,459 26 $ 16,527 57 $ 1,012 5 $ 17,539 62
Schedule of Loans Receivables, Non Accrual Status	The following table presents data on non-accrual loans as of September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (Dollars in Thousands) Non-accrual loans: Residential One- to four-family $ 8,444 $ 13,888 Multi-family 1,445 2,553 Home equity 305 437 Construction and land - 239 Commercial real estate 429 460 Commercial 44 27 Consumer - - Total non-accrual loans $ 10,667 $ 17,604 Total non-accrual loans to total loans receivable 0.93 % 1.58 % Total non-accrual loans to total assets 0.59 % 1.00 %

Real Estate Owned (Tables)

Real Estate Owned (Tables)	9 Months Ended
	Sep. 30, 2016
Real Estate Owned [Abstract]
Summary of real estate owned	Real estate owned is summarized as follows: September 30, 2016 December 31, 2015 (In Thousands) One- to four-family $ 2,735 $ 4,610 Multi-family 315 209 Construction and land 5,291 5,262 Commercial real estate 300 300 Total real estate owned 8,641 10,381 Valuation allowance at end of period (1,187 ) (1,191 ) Total real estate owned, net $ 7,454 $ 9,190 The following table presents the activity in the Company's real estate owned: Nine months ended September 30, 2016 2015 (In Thousands) Real estate owned at beginning of the period $ 9,190 18,706 Transferred from loans receivable 3,442 11,719 Sales (net of gains / losses) (4,762 ) (17,265 ) Write downs (416 ) (1,522 ) Other - 518 Real estate owned at the end of the period $ 7,454 12,156 Residential one- to four-family mortgage loans that were in the process of foreclosure were $3.0 million and $5.1 million at September 30, 2016 and December 31, 2015, respectively.

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2016
Mortgage Servicing Rights [Abstract]
Mortgage Servicing Rights Activity	The following table presents the activity in the Company's mortgage servicing rights: Nine months ended September 30, 2016 2015 (In Thousands) Mortgage servicing rights at beginning of the period $ 1,422 $ 2,521 Additions 1,486 3,149 Amortization (412 ) (412 ) Sales - (4,260 ) Mortgage servicing rights at end of the period 2,496 998 Valuation allowance at end of period (100 ) (20 ) Mortgage servicing rights at end of the period, net $ 2,396 $ 978
Estimated Amortization Expense of Mortgage Servicing Rights	The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated: Estimate for the period ended December 31: (In Thousands) 2016 $ 115 2017 414 2018 366 2019 364 2020 363 Thereafter 774 Total $ 2,396

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Deposits [Abstract]
Contractual maturities of time deposits	At September 30, 2016 and December 31, 2015, time deposits with balances greater than $250,000 amounted to $46.3 million and $37.7 million, respectively. A summary of the contractual maturities of time deposits at September 30, 2016 is as follows: (In Thousands) Within one year $ 481,068 More than one to two years 194,598 More than two to three years 6,304 More than three to four years 4,037 More than four through five years 1,297 $ 687,304

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2016
Borrowings [Abstract]
Borrowings	Borrowings consist of the following: September 30, 2016 December 31, 2015 Balance Weighted Average Rate Balance Weighted Average Rate (Dollars in Thousands) Short term: Repurchase agreement $ 13,983 3.27 % $ 7,203 3.19 % Federal Home Loan Bank, Chicago advances 50,000 0.29 % - 0.00 % Long term: Federal Home Loan Bank, Chicago advances maturing: 2016 - 0.00 % 220,000 4.34 % 2017 65,000 3.19 % 65,000 3.19 % 2018 65,000 2.97 % 65,000 2.97 % 2021 100,000 0.78 % - 0.00 % Repurchase agreements maturing 2017 84,000 3.96 % 84,000 3.96 % $ 377,983 2.31 % $ 441,203 3.88 %

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2016
Regulatory Capital [Abstract]
Actual and required capital amounts and ratios	The actual and required capital amounts and ratios for the Bank as of September 30, 2016 and December 31, 2015 are presented in the table below: September 30, 2016 Actual For Capital Adequacy Purposes Minimum Capital Adequacy with Capital Buffer To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 421,928 32.25 % $ 104,659 8.00 % $ 112,836 8.625 % $ N/A N/A WaterStone Bank 386,208 29.59 % 104,409 8.00 % 112,566 8.625 % 130,511 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 406,295 31.06 % 78,495 6.00 % 86,671 6.625 % N/A N/A WaterStone Bank 370,575 28.39 % 78,307 6.00 % 86,464 6.625 % 104,409 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 406,295 31.06 % 58,871 4.50 % 67,047 5.125 % N/A N/A WaterStone Bank 370,575 28.39 % 58,730 4.50 % 66,887 5.125 % 84,832 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 406,295 22.66 % 71,735 4.00 % N/A N/A N/A N/A WaterStone Bank 370,575 20.71 % 71,561 4.00 % N/A N/A 89,452 5.00 % State of Wisconsin (to total assets) WaterStone Bank 370,575 20.69 % 107,442 6.00 % N/A N/A N/A N/A December 31, 2015 (Dollars In Thousands) Total Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. $ 405,947 33.41 % $ 97,207 8.00 % $ N/A N/A $ N/A N/A WaterStone Bank 374,435 30.92 % 96,885 8.00 % N/A N/A 121,106 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 390,747 32.16 % 72,905 6.00 % N/A N/A N/A N/A WaterStone Bank 359,284 29.67 % 72,664 6.00 % N/A N/A 96,885 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 390,747 32.16 % 54,679 4.50 % N/A N/A N/A N/A WaterStone Bank 359,284 29.67 % 54,498 4.50 % N/A N/A 78,719 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 390,747 22.20 % 70,417 4.00 % N/A N/A N/A N/A WaterStone Bank 359,284 20.45 % 70,286 4.00 % N/A N/A 87,857 5.00 % State of Wisconsin (to total assets) WaterStone Bank 359,284 20.43 % 105,493 6.00 % N/A N/A N/A N/A

Offsetting of Assets and Liab35

Offsetting of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Offsetting of Assets and Liabilities [Abstract]
Repurchase liabilities	The following table presents the liabilities subject to an enforceable master netting agreement as of September 30, 2016 and December 31, 2015. Gross Recognized Liabilities Gross Amounts Offset Net Amounts Presented Gross Amounts Not Offset Net Amount (In Thousands) September 30, 2016 Repurchase Agreements Short-term $ 13,983 $ - $ 13,983 $ 13,983 $ - Long-term 84,000 - 84,000 84,000 - $ 97,983 $ - $ 97,983 $ 97,983 $ - December 31, 2015 Repurchase Agreements Short-term $ 7,203 $ - $ 7,203 $ 7,203 $ - Long-term 84,000 - 84,000 84,000 - $ 91,203 $ - $ 91,203 $ 91,203 $ -

Commitments, Off-Balance Shee36

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities [Abstract]
Financial Instruments with Off-Balance Sheet Risk	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. September 30, 2016 December 31, 2015 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 35,463 $ 10,307 Commitments to extend credit under home equity lines of credit (2) 13,969 14,173 Unused portion of construction loans (3) 28,507 25,545 Unused portion of business lines of credit 13,345 16,392 Standby letters of credit 392 566 (1) (2) (3)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Calculations for basic and diluted earnings loss per share	Presented below are the calculations for basic and diluted earnings per share: Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 (In Thousands, except per share amounts) Net income $ 7,505 $ 5,199 $ 19,133 $ 13,498 Net income available to unvested restricted shares 5 6 12 15 Net income available to common stockholders $ 7,500 $ 5,193 $ 19,121 $ 13,483 Weighted average shares outstanding 27,043 27,490 26,976 29,882 Effect of dilutive potential common shares 386 305 307 263 Diluted weighted average shares outstanding 27,429 27,795 27,283 30,145 Basic earnings per share $ 0.28 $ 0.19 $ 0.71 $ 0.45 Diluted earnings per share $ 0.27 $ 0.19 $ 0.70 $ 0.45

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Measurements [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured On Recurring Basis [Table Text Block]	The following table presents information about our assets recorded in our consolidated statement of financial position at their fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using September 30, 2016 Level 1 Level 2 Level 3 (In Thousands) Available for sale securities Mortgage-backed securities $ 80,782 $ - $ 80,782 $ - Collateralized mortgage obligations Government sponsored enterprise issued 63,763 - 63,763 - Government sponsored enterprise bonds 3,765 - 3,765 - Municipal securities 78,465 - 78,465 - Other debt securities 16,892 2,516 14,376 - Certificates of deposit 1,729 - 1,729 - Loans held for sale 227,765 - 227,765 - Mortgage banking derivative assets 4,160 - - 4,160 Mortgage banking derivative liabilities 859 - - 859 Fair Value Measurements Using December 31, 2015 Level 1 Level 2 Level 3 (In Thousands) Available for sale securities Mortgage-backed securities $ 96,667 $ - $ 96,667 $ - Collateralized mortgage obligations Government sponsored enterprise issued 70,428 - 70,428 - Government sponsored enterprise bonds 3,746 - 3,746 - Municipal securities 79,159 - 79,159 - Other debt securities 16,963 2,600 14,363 - Certificates of deposit 2,695 - 2,695 - Loans held for sale 166,516 - 166,516 - Mortgage banking derivative assets 2,313 - - 2,313 Mortgage banking derivative liabilities 125 - - 125
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The table below presents reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2016 and 2015. Mortgage banking derivatives, net (In Thousands) Balance at December 31, 2014 $ 999 Mortgage derivative gain, net 1,189 Balance at December 31, 2015 $ 2,188 Mortgage derivative gain, net 1,113 Balance at September 30, 2016 $ 3,301
Fair Value Measurements, Nonrecurring [Table Text Block]	The following tables present information about our assets recorded in our consolidated statement of financial position at their fair value on a non-recurring basis as of September 30, 2016 and December 31, 2015, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using September 30, 2016 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 3,011 $ - $ - $ 3,011 Real estate owned 7,454 - - 7,454 Impaired mortgage servicing rights 1,149 - - 1,149 Fair Value Measurements Using December 31, 2015 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 8,024 $ - $ - $ 8,024 Real estate owned 9,190 - - 9,190 (1) Represents collateral-dependent impaired loans, net, which are included in loans.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2016, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at September 30, 2016 Valuation Technique Significant Unobservable Inputs Minimum Value Maximum Value Mortgage banking derivatives $ 3,301 Pricing models Pull through rate 52.2 % 99.9 % Impaired loans 3,011 Market approach Discount rates applied to appraisals 15.0 % 30.0 % Real estate owned 7,454 Market approach Discount rates applied to appraisals 5.6 % 85.7 % Impaired mortgage servicing rights 1,149 Pricing models Prepayment rate 7.0 % 36.7 % Discount rate 10.0 % 12.0 % Cost to service $ 75.93 $ 571.61
Fair Value, by Balance Sheet Grouping [Table Text Block]	The carrying amounts and fair values of the Company's financial instruments consist of the following: September 30, 2016 December 31, 2015 Carrying amount Fair Value Carrying 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 $ 54,320 $ 54,320 $ 44,570 $ 9,750 $ - $ 100,471 $ 100,471 $ 100,471 $ - $ - Securities available-for-sale 245,396 245,396 2,516 242,880 - 269,658 269,658 2,600 267,058 - Loans held for sale 227,765 227,765 - 227,765 - 166,516 166,516 - 166,516 - Loans receivable 1,151,696 1,191,520 - - 1,191,520 1,114,934 1,165,370 - - 1,165,370 FHLB stock 12,600 12,600 - 12,600 - 19,500 19,500 - 19,500 - Accrued interest receivable 4,312 4,312 4,312 - - 4,108 4,108 4,108 - - Mortgage servicing rights 2,396 2,414 - - 2,414 1,422 1,658 - - 1,658 Mortgage banking derivative assets 4,160 4,160 - - 4,160 2,313 2,313 - - 2,313 Financial Liabilities Deposits 955,648 956,041 268,344 687,697 - 893,361 894,015 243,304 650,711 - Advance payments by borrowers for taxes 25,268 25,268 25,268 - - 3,661 3,661 3,661 - - Borrowings 377,983 383,180 - 383,180 - 441,203 463,238 - 463,238 - Accrued interest payable 1,027 1,027 1,027 - - 1,642 1,642 1,642 - - Mortgage banking derivative liabilities 859 859 - - 859 125 125 - - 125

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	As of or for the three months ended September 30, 2016 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 11,244 $ 10 $ 71 $ 11,325 Provision for loan losses 100 35 - 135 Net interest income after provision for loan losses 11,144 (25 ) 71 11,190 Noninterest income 1,658 36,124 (370 ) 37,412 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,392 23,295 (114 ) 27,573 Occupancy, office furniture and equipment 740 1,579 - 2,319 FDIC insurance premiums 140 - - 140 Real estate owned 37 - - 37 Other 1,252 4,453 (233 ) 5,472 Total noninterest expenses 6,561 29,327 (347 ) 35,541 Income before income taxes 6,241 6,772 48 13,061 Income tax expense 2,107 2,767 682 5,556 Net income (loss) $ 4,134 $ 4,005 $ (634 ) $ 7,505 Total assets $ 1,777,014 $ 259,636 $ (241,615 ) $ 1,795,035 As of or for the three months ended September 30, 2015 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 9,566 $ 265 $ 79 $ 9,910 Provision for loan losses 500 80 - 580 Net interest income after provision for loan losses 9,066 185 79 9,330 Noninterest income 1,146 27,636 (231 ) 28,551 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 3,927 17,411 (104 ) 21,234 Occupancy, office furniture and equipment 800 1,492 - 2,292 FDIC insurance premiums 243 - - 243 Real estate owned 646 - - 646 Other 1,171 4,235 (35 ) 5,371 Total noninterest expenses 6,787 23,138 (139 ) 29,786 Income (loss) before income taxes 3,425 4,683 (13 ) 8,095 Income tax expense 962 1,917 17 2,896 Net income (loss) $ 2,463 $ 2,766 $ (30 ) $ 5,199 Total assets $ 1,724,714 $ 176,341 $ (156,346 ) $ 1,744,709 As of or for the nine months ended September 30, 2016 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 30,977 $ 287 $ 209 $ 31,473 Provision for loan losses 200 140 - 340 Net interest income after provision for loan losses 30,777 147 209 31,133 Noninterest income 3,583 92,457 (832 ) 95,208 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 12,784 58,526 (342 ) 70,968 Occupancy, office furniture and equipment 2,388 4,686 - 7,074 FDIC insurance premiums 500 - - 500 Real estate owned 344 - - 344 Other 3,705 12,790 (387 ) 16,108 Total noninterest expenses 19,721 76,002 (729 ) 94,994 Income before income taxes 14,639 16,602 106 31,347 Income tax expense 4,711 6,797 706 12,214 Net income (loss) $ 9,928 $ 9,805 $ (600 ) $ 19,133 As of or for the nine months ended September 30, 2015 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 28,541 $ 615 $ 250 $ 29,406 Provision for loan losses 1,450 270 - 1,720 Net interest income after provision for loan losses 27,091 345 250 27,686 Noninterest income 2,824 79,193 (393 ) 81,624 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 12,462 50,438 (316 ) 62,584 Occupancy, office furniture and equipment 2,447 4,557 - 7,004 FDIC insurance premiums 851 - - 851 Real estate owned 1,860 15 - 1,875 Other 3,275 12,434 138 15,847 Total noninterest expenses 20,895 67,444 (178 ) 88,161 Income before income taxes 9,020 12,094 35 21,149 Income tax expense 2,544 5,018 89 7,651 Net income (loss) $ 6,476 $ 7,076 $ (54 ) $ 13,498

Securities Available for Sale40

Securities Available for Sale (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)Security	Sep. 30, 2016USD ($)Security	Sep. 30, 2015USD ($)Security	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	$ 240,189,000		$ 240,189,000		$ 267,871,000
Gross unrealized gains	5,937,000		5,937,000		3,070,000
Gross unrealized losses	(730,000)		(730,000)		(1,283,000)
Fair Value	245,396,000		245,396,000		269,658,000
Proceeds from sale of securities			0	$ 1,000,000
Gain on sale of securities	0	$ 0	0	44,000
Amortized cost of investment securities by contractual maturity [Abstract]
Due within one year	13,145,000		13,145,000
Due after one year through five years	21,265,000		21,265,000
Due after five years through ten years	41,448,000		41,448,000
Due after ten years	22,756,000		22,756,000
Mortgage-related securities	141,575,000		141,575,000
Amortized cost	240,189,000		240,189,000		267,871,000
Fair value of investment securities by contractual maturity [Abstract]
Due within one year	13,207,000		13,207,000
Due after one year through five years	21,521,000		21,521,000
Due after five years through ten years	43,262,000		43,262,000
Due after ten years	22,861,000		22,861,000
Mortgage-related securities	144,545,000		144,545,000
Fair Value of Debt and Other Securities	245,396,000		245,396,000		269,658,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	6,456,000		6,456,000		94,763,000
12 months or longer	13,618,000		13,618,000		11,132,000
Fair value	20,074,000		20,074,000		105,895,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			(5,000)		(1,136,000)
12 months or longer			(725,000)		(147,000)
Unrealized loss			(730,000)		(1,283,000)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Amortized Cost	198,000	198,000,000	198,000	198,000,000
Fair Value Securities Other Than Temp	281,000	$ 266,000,000	281,000	$ 266,000,000
Mortgage-backed securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	78,582,000		78,582,000		95,911,000
Gross unrealized gains	2,201,000		2,201,000		1,004,000
Gross unrealized losses	(1,000)		(1,000)		(248,000)
Fair Value	$ 80,782,000		$ 80,782,000		96,667,000
Number of securities that were in unrealized loss position twelve months or longer | Security	1		1
Number of securities that were other-than-temporarily impaired | Security
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	$ 78,582,000		$ 78,582,000		95,911,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	80,782,000		80,782,000		96,667,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0		0		18,488,000
12 months or longer	1,342,000		1,342,000		5,577,000
Fair value	1,342,000		1,342,000		24,065,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			0		(163,000)
12 months or longer			(1,000)		(85,000)
Unrealized loss			(1,000)		(248,000)
Collateralized mortgage obligations, government sponsored enterprise issued [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	62,993,000		62,993,000		70,605,000
Gross unrealized gains	770,000		770,000		123,000
Gross unrealized losses	0		0		(300,000)
Fair Value	63,763,000		63,763,000		70,428,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	62,993,000		62,993,000		70,605,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	63,763,000		63,763,000		70,428,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0		0		48,281,000
12 months or longer	0		0		0
Fair value	0		0		48,281,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			0		(300,000)
12 months or longer			0		0
Unrealized loss			0		(300,000)
Mortgage-related securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	141,575,000		141,575,000		166,516,000
Gross unrealized gains	2,971,000		2,971,000		1,127,000
Gross unrealized losses	(1,000)		(1,000)		(548,000)
Fair Value	144,545,000		144,545,000		167,095,000
Securities pledged as collateral to secure repurchase agreements or related to mortgage banking activities	91,700,000		91,700,000		94,200,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	141,575,000		141,575,000		166,516,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	144,545,000		144,545,000		167,095,000
Government-sponsored enterprise bonds [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	3,750,000		3,750,000		3,750,000
Gross unrealized gains	15,000		15,000		0
Gross unrealized losses	0		0		(4,000)
Fair Value	3,765,000		3,765,000		3,746,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	3,750,000		3,750,000		3,750,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	3,765,000		3,765,000		3,746,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months					3,246,000
12 months or longer					0
Fair value					3,246,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months					(4,000)
12 months or longer					0
Unrealized loss					(4,000)
Municipal securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	75,750,000		75,750,000		77,509,000
Gross unrealized gains	2,721,000		2,721,000		1,730,000
Gross unrealized losses	(6,000)		(6,000)		(80,000)
Fair Value	$ 78,465,000		$ 78,465,000		79,159,000
Number of securities that were in unrealized loss position twelve months or longer | Security	1	14	1	14
Securities pledged as collateral to secure repurchase agreements or related to mortgage banking activities	$ 2,000,000		$ 2,000,000		2,600,000
Credit losses and impairments related to securities for which an other-than-temporary impairment was previously recognized						$ 0
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	75,750,000		75,750,000		77,509,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	78,465,000		78,465,000		79,159,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	6,456,000		6,456,000		9,409,000
12 months or longer	2,999,000		2,999,000		5,555,000
Fair value	9,455,000		9,455,000		14,964,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			(5,000)		(18,000)
12 months or longer			(1,000)		(62,000)
Unrealized loss			(6,000)		(80,000)
Other debt securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	17,399,000		17,399,000		17,401,000
Gross unrealized gains	216,000		216,000		209,000
Gross unrealized losses	(723,000)		(723,000)		(647,000)
Fair Value	$ 16,892,000		$ 16,892,000		16,963,000
Number of securities that were in unrealized loss position twelve months or longer | Security	1		1
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	$ 17,399,000		$ 17,399,000		17,401,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	16,892,000		16,892,000		16,963,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0		0
12 months or longer	9,277,000		9,277,000
Fair value	9,277,000		9,277,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			0
12 months or longer			(723,000)
Unrealized loss			(723,000)
Debt securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	96,899,000		96,899,000		98,660,000
Gross unrealized gains	2,952,000		2,952,000		1,939,000
Gross unrealized losses	(729,000)		(729,000)		(731,000)
Fair Value	99,122,000		99,122,000		99,868,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	96,899,000		96,899,000		98,660,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	99,122,000		99,122,000		99,868,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months					14,363,000
12 months or longer					0	$ 0
Fair value					14,363,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months					(647,000)
Unrealized loss					(647,000)
Certificates of Deposit [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized cost	1,715,000		1,715,000		2,695,000
Gross unrealized gains	14,000		14,000		4,000
Gross unrealized losses	0		0		(4,000)
Fair Value	1,729,000		1,729,000		2,695,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized cost	1,715,000		1,715,000		2,695,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value of Debt and Other Securities	1,729,000		1,729,000		2,695,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0		0		976,000
12 months or longer	0		0		0
Fair value	$ 0		0		976,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months			0		(4,000)
12 months or longer			0		0
Unrealized loss			$ 0		$ (4,000)

Loans Receivable, Part I (Detai

Loans Receivable, Part I (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Mortgage Loans [Abstract]
Loans receivable	$ 1,151,696	$ 1,114,934
Loans receivable pledged as collateral	896,400	872,800
Advances by Federal Home Loan Bank	280,000
Residential Real Estate [Member] | One- to four-family [Member]
Mortgage Loans [Abstract]
Loans receivable	389,267	381,992
Residential Real Estate [Member] | Multi Family [Member]
Mortgage Loans [Abstract]
Loans receivable	551,487	547,250
Residential Real Estate [Member] | Home Equity [Member]
Mortgage Loans [Abstract]
Loans receivable	22,394	24,326
Construction and Land [Member]
Mortgage Loans [Abstract]
Loans receivable	21,571	19,148
Commercial Real Estate [Member]
Mortgage Loans [Abstract]
Loans receivable	137,298	118,820
Consumer [Member]
Mortgage Loans [Abstract]
Loans receivable	339	361
Commercial Loans [Member]
Mortgage Loans [Abstract]
Loans receivable	$ 29,340	$ 23,037

Loans Receivable, Part II (Deta

Loans Receivable, Part II (Details) - USD ($)		Sep. 30, 2016	Dec. 31, 2015
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		$ 8,756,000	$ 11,531,000
Current	[1]	1,142,940,000	1,103,403,000
Total Loans		1,151,696,000	1,114,934,000
Loan Receivable, Nonaccrual Status		4,700,000	7,900,000
90 or more days past due		0	0
1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	1,723,000	1,163,000
Loan Receivable, Nonaccrual Status		187,000,000	315,000
60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	1,339,000	1,436,000
Loan Receivable, Nonaccrual Status		48,000	467,000
Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		5,694,000	8,932,000
Residential Real Estate [Member] | One- to four-family [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		7,848,000	8,487,000
Current	[1]	381,419,000	373,505,000
Total Loans		389,267,000	381,992,000
Residential Real Estate [Member] | One- to four-family [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	1,546,000	851,000
Residential Real Estate [Member] | One- to four-family [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	1,303,000	1,133,000
Residential Real Estate [Member] | One- to four-family [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		4,999,000	6,503,000
Residential Real Estate [Member] | Multi Family [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		534,000	2,065,000
Current	[1]	550,953,000	545,185,000
Total Loans		551,487,000	547,250,000
Residential Real Estate [Member] | Multi Family [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	130,000	0
Residential Real Estate [Member] | Multi Family [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	207,000
Residential Real Estate [Member] | Multi Family [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		404,000	1,858,000
Residential Real Estate [Member] | Home Equity [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		130,000	461,000
Current	[1]	22,264,000	23,865,000
Total Loans		22,394,000	24,326,000
Residential Real Estate [Member] | Home Equity [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	37,000	255,000
Residential Real Estate [Member] | Home Equity [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	35,000	96,000
Residential Real Estate [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		58,000	110,000
Construction and Land [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	238,000
Current	[1]	21,571,000	18,910,000
Total Loans		21,571,000	19,148,000
Construction and Land [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	0	0
Construction and Land [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	0
Construction and Land [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	238,000
Commercial Real Estate [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		217,000	280,000
Current	[1]	137,081,000	118,540,000
Total Loans		137,298,000	118,820,000
Commercial Real Estate [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	10,000	57,000
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	0
Commercial Real Estate [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		207,000	223,000
Consumer [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	0
Current	[1]	339,000	361,000
Total Loans		339,000	361,000
Consumer [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	0	0
Consumer [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	0
Consumer [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	0
Commercial Loans [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		27,000	0
Current	[1]	29,313,000	23,037,000
Total Loans		29,340,000	23,037,000
Commercial Loans [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	0	0
Commercial Loans [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	1,000	0
Commercial Loans [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		$ 26,000	$ 0
[1]	Includes $6.5 million and $7.9 million at June 30, 2016 and December 31, 2015, respectively, which are on non-accrual status.
[2]	Includes $1.1 million and $315,000 at June 30, 2016 and December 31, 2015, respectively, which are on non-accrual status.
[3]	Includes $60,000 and $467,000 at June 30, 2016 and December 31, 2015, respectively, which are on non-accrual status.

Loans Receivable, Part III (Det

Loans Receivable, Part III (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Dec. 31, 2015
Allowance for loan losses [Roll Forward]
Balance at beginning of period			$ 16,185	$ 18,706
Provision (credit) for loan losses	$ 135	$ 580	340	1,720
Charge-offs			(1,354)	(4,914)
Recoveries			462	1,416
Balance at end of period	15,633	16,928	15,633	16,928
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					$ 683	$ 1,576
Allowance related to loans collectively evaluated for impairment					14,950	14,609
Provision for loan losses	15,633	16,928	16,185	18,706	15,633	16,185
Loans individually evaluated for impairment					17,568	27,545
Loans collectively evaluated for impairment					1,134,128	1,087,389
Total gross loans					1,151,696	1,114,934
Total loans					1,151,696	1,114,934
Residential Real Estate [Member] | One- to-Four Family [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			7,763	9,877
Provision (credit) for loan losses			141	1,032
Charge-offs			(801)	(3,212)
Recoveries			246	436
Balance at end of period	7,349	8,133	7,349	8,133
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					532	1,114
Allowance related to loans collectively evaluated for impairment					6,817	6,649
Provision for loan losses	7,349	8,133	7,763	9,877	7,349	7,763
Loans individually evaluated for impairment					12,021	18,385
Loans collectively evaluated for impairment					377,246	363,607
Total gross loans					389,267	381,992
Total loans					389,267	381,992
Residential Real Estate [Member] | Multi Family [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			5,000	5,358
Provision (credit) for loan losses			23	615
Charge-offs			(488)	(1,501)
Recoveries			134	789
Balance at end of period	4,669	5,261	4,669	5,261
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					0	242
Allowance related to loans collectively evaluated for impairment					4,669	4,758
Provision for loan losses	4,669	5,261	5,000	5,358	4,669	5,000
Loans individually evaluated for impairment					3,967	5,100
Loans collectively evaluated for impairment					547,520	542,150
Total gross loans					551,487	547,250
Total loans					551,487	547,250
Residential Real Estate [Member] | Home Equity [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			433	422
Provision (credit) for loan losses			(25)	(5)
Charge-offs			(62)	(72)
Recoveries			24	101
Balance at end of period	370	446	370	446
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					73	108
Allowance related to loans collectively evaluated for impairment					297	325
Provision for loan losses	370	446	433	422	370	433
Loans individually evaluated for impairment					373	472
Loans collectively evaluated for impairment					22,021	23,854
Total gross loans					22,394	24,326
Total loans					22,394	24,326
Construction and Land [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			904	687
Provision (credit) for loan losses			(123)	157
Charge-offs			(3)	(84)
Recoveries			58	45
Balance at end of period	836	805	836	805
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					0	3
Allowance related to loans collectively evaluated for impairment					836	901
Provision for loan losses	836	805	904	687	836	904
Loans individually evaluated for impairment					437	1,795
Loans collectively evaluated for impairment					21,134	17,353
Total gross loans					21,571	19,148
Total loans					21,571	19,148
Commercial Real Estate [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			1,680	1,951
Provision (credit) for loan losses			33	(204)
Charge-offs			0	(45)
Recoveries			0	40
Balance at end of period	1,713	1,742	1,713	1,742
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					77	106
Allowance related to loans collectively evaluated for impairment					1,636	1,574
Provision for loan losses	1,713	1,742	1,680	1,951	1,713	1,680
Loans individually evaluated for impairment					726	1,766
Loans collectively evaluated for impairment					136,572	117,054
Total gross loans					137,298	118,820
Total loans					137,298	118,820
Consumer [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			9	8
Provision (credit) for loan losses			3	(2)
Charge-offs			0	0
Recoveries			0	5
Balance at end of period	12	11	12	11
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					0	0
Allowance related to loans collectively evaluated for impairment					12	9
Provision for loan losses	12	11	9	8	12	9
Loans individually evaluated for impairment					0	0
Loans collectively evaluated for impairment					339	361
Total gross loans					339	361
Total loans					339	361
Commercial Loans [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period			396	403
Provision (credit) for loan losses			288	127
Charge-offs			0	0
Recoveries			0	0
Balance at end of period	684	530	684	530
Summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class [Abstract]
Allowance related to loans individually evaluated for impairment					1	3
Allowance related to loans collectively evaluated for impairment					683	393
Provision for loan losses	$ 684	$ 530	$ 396	$ 403	684	396
Loans individually evaluated for impairment					44	27
Loans collectively evaluated for impairment					29,296	23,010
Total gross loans					29,340	23,037
Total loans					$ 29,340	$ 23,037

Loans Receivable, Part IV (Deta

Loans Receivable, Part IV (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	$ 1,151,696,000	$ 1,114,934,000
Loans requiring an 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
Maximum period of time loan is reviewed if renewed	1 year
Period of time sales of real estate owned fair value is based	2 years
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	$ 3,694,000	9,600,000
Total Impaired, with no Reserve, Recorded Investment	13,874,000	17,945,000
Total Impaired, Recorded Investment	17,568,000	27,545,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	4,143,000	11,142,000
Total Impaired with no Reserve, Unpaid Principal Balance	16,208,000	20,499,000
Total Impaired, Unpaid Principal Balance, Total	20,351,000	31,641,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	683,000	1,576,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	683,000	1,576,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	449,000	1,542,000
Total Impaired with no Reserve, Cumulative Charge-offs	2,334,000	2,554,000
Total Impaired, Cumulative Charge-offs	2,783,000	4,096,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	3,773,000	9,858,000
Total Impaired with no Reserve, Average Recorded Investment	14,278,000	18,403,000
Total Impaired, Average Recorded Investment, Total	18,051,000	28,261,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	134,000	469,000
Total Impaired with no Reserve, Interest Paid YTD	468,000	894,000
Total Impaired, Interest Paid YTD	602,000	1,363,000
Charge-offs recorded to reduce the unpaid principal balance	2,300,000
Total impaired loans including troubled debt restructurings	10,662,000	17,539,000
Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	17,035,000	26,000,000
Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	17,859,000	16,677,000
Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	1,116,802,000	1,072,257,000
Residential Real Estate [Member] | One- to four-family [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	389,267,000	381,992,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	3,249,000	7,903,000
Total Impaired, with no Reserve, Recorded Investment	8,772,000	10,482,000
Total Impaired, Recorded Investment	12,021,000	18,385,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	3,289,000	8,923,000
Total Impaired with no Reserve, Unpaid Principal Balance	10,087,000	11,991,000
Total Impaired, Unpaid Principal Balance, Total	13,376,000	20,914,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	532,000	1,114,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	532,000	1,114,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	40,000	1,020,000
Total Impaired with no Reserve, Cumulative Charge-offs	1,315,000	1,509,000
Total Impaired, Cumulative Charge-offs	1,355,000	2,529,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	3,307,000	8,113,000
Total Impaired with no Reserve, Average Recorded Investment	8,944,000	10,676,000
Total Impaired, Average Recorded Investment, Total	12,251,000	18,789,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	113,000	393,000
Total Impaired with no Reserve, Interest Paid YTD	262,000	500,000
Total Impaired, Interest Paid YTD	375,000	893,000
Total impaired loans including troubled debt restructurings	5,746,000	9,639,000
Residential Real Estate [Member] | One- to four-family [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	14,415,000	19,148,000
Residential Real Estate [Member] | One- to four-family [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	9,923,000	11,352,000
Residential Real Estate [Member] | One- to four-family [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	364,929,000	351,492,000
Residential Real Estate [Member] | Multi Family [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	551,487,000	547,250,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	0	1,055,000
Total Impaired, with no Reserve, Recorded Investment	3,967,000	4,045,000
Total Impaired, Recorded Investment	3,967,000	5,100,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	0	1,055,000
Total Impaired with no Reserve, Unpaid Principal Balance	4,986,000	5,090,000
Total Impaired, Unpaid Principal Balance, Total	4,986,000	6,145,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	0	242,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	0	242,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0	0
Total Impaired with no Reserve, Cumulative Charge-offs	1,019,000	1,045,000
Total Impaired, Cumulative Charge-offs	1,019,000	1,045,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	0	1,044,000
Total Impaired with no Reserve, Average Recorded Investment	4,008,000	4,106,000
Total Impaired, Average Recorded Investment, Total	4,008,000	5,150,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	0	42,000
Total Impaired with no Reserve, Interest Paid YTD	174,000	245,000
Total Impaired, Interest Paid YTD	174,000	287,000
Total impaired loans including troubled debt restructurings	3,967,000	4,863,000
Residential Real Estate [Member] | Multi Family [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	1,445,000	2,553,000
Residential Real Estate [Member] | Multi Family [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	2,920,000	3,634,000
Residential Real Estate [Member] | Multi Family [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	547,122,000	541,063,000
Residential Real Estate [Member] | Home Equity [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	22,394,000	24,326,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	158,000	169,000
Total Impaired, with no Reserve, Recorded Investment	215,000	303,000
Total Impaired, Recorded Investment	373,000	472,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	158,000	169,000
Total Impaired with no Reserve, Unpaid Principal Balance	215,000	303,000
Total Impaired, Unpaid Principal Balance, Total	373,000	472,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	73,000	108,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	73,000	108,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0	0
Total Impaired with no Reserve, Cumulative Charge-offs	0	0
Total Impaired, Cumulative Charge-offs	0	0
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	165,000	174,000
Total Impaired with no Reserve, Average Recorded Investment	224,000	307,000
Total Impaired, Average Recorded Investment, Total	389,000	481,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	10,000	10,000
Total Impaired with no Reserve, Interest Paid YTD	6,000	13,000
Total Impaired, Interest Paid YTD	16,000	23,000
Total impaired loans including troubled debt restructurings	152,000	98,000
Residential Real Estate [Member] | Home Equity [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	406,000	684,000
Residential Real Estate [Member] | Home Equity [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	194,000	128,000
Residential Real Estate [Member] | Home Equity [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	21,794,000	23,514,000
Construction and Land [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	21,571,000	19,148,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	0	156,000
Total Impaired, with no Reserve, Recorded Investment	437,000	1,639,000
Total Impaired, Recorded Investment	437,000	1,795,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	0	269,000
Total Impaired with no Reserve, Unpaid Principal Balance	437,000	1,639,000
Total Impaired, Unpaid Principal Balance, Total	437,000	1,908,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	0	3,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	0	3,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0	113,000
Total Impaired with no Reserve, Cumulative Charge-offs	0	0
Total Impaired, Cumulative Charge-offs	0	113,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	0	155,000
Total Impaired with no Reserve, Average Recorded Investment	615,000	1,827,000
Total Impaired, Average Recorded Investment, Total	615,000	1,982,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	0	0
Total Impaired with no Reserve, Interest Paid YTD	15,000	62,000
Total Impaired, Interest Paid YTD	15,000	62,000
Total impaired loans including troubled debt restructurings	438,000	1,556,000
Construction and Land [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	0	1,794,000
Construction and Land [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	873,000	0
Construction and Land [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	20,698,000	17,354,000
Commercial Real Estate [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	137,298,000	118,820,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	286,000	314,000
Total Impaired, with no Reserve, Recorded Investment	440,000	1,452,000
Total Impaired, Recorded Investment	726,000	1,766,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	695,000	723,000
Total Impaired with no Reserve, Unpaid Principal Balance	440,000	1,452,000
Total Impaired, Unpaid Principal Balance, Total	1,135,000	2,175,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	77,000	106,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	77,000	106,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	409,000	409,000
Total Impaired with no Reserve, Cumulative Charge-offs	0	0
Total Impaired, Cumulative Charge-offs	409,000	409,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	299,000	367,000
Total Impaired with no Reserve, Average Recorded Investment	440,000	1,458,000
Total Impaired, Average Recorded Investment, Total	739,000	1,825,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	11,000	23,000
Total Impaired with no Reserve, Interest Paid YTD	10,000	72,000
Total Impaired, Interest Paid YTD	21,000	95,000
Total impaired loans including troubled debt restructurings	359,000	1,383,000
Commercial Real Estate [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	725,000	1,766,000
Commercial Real Estate [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	1,053,000	1,161,000
Commercial Real Estate [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	135,520,000	115,893,000
Consumer [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	339,000	361,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	0	0
Total Impaired, with no Reserve, Recorded Investment	0	0
Total Impaired, Recorded Investment	0	0
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	0	0
Total Impaired with no Reserve, Unpaid Principal Balance	0	0
Total Impaired, Unpaid Principal Balance, Total	0	0
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	0	0
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	0	0
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0	0
Total Impaired with no Reserve, Cumulative Charge-offs	0	0
Total Impaired, Cumulative Charge-offs	0	0
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	0	0
Total Impaired with no Reserve, Average Recorded Investment	0	0
Total Impaired, Average Recorded Investment, Total	0	0
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	0	0
Total Impaired with no Reserve, Interest Paid YTD	0	0
Total Impaired, Interest Paid YTD	0	0
Consumer [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	0	0
Consumer [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	0	0
Consumer [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	339,000	361,000
Commercial Loans [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	29,340,000	23,037,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	1,000	3,000
Total Impaired, with no Reserve, Recorded Investment	43,000	24,000
Total Impaired, Recorded Investment	44,000	27,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	1,000	3,000
Total Impaired with no Reserve, Unpaid Principal Balance	43,000	24,000
Total Impaired, Unpaid Principal Balance, Total	44,000	27,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	1,000	3,000
Total Impaired with no Reserve, Reserve	0	0
Impaired Loans, Reserve	1,000	3,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0	0
Total Impaired with no Reserve, Cumulative Charge-offs	0	0
Total Impaired, Cumulative Charge-offs	0	0
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment	2,000	5,000
Total Impaired with no Reserve, Average Recorded Investment	47,000	29,000
Total Impaired, Average Recorded Investment, Total	49,000	34,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD	0	1,000
Total Impaired with no Reserve, Interest Paid YTD	1,000	2,000
Total Impaired, Interest Paid YTD	1,000	3,000
Commercial Loans [Member] | Substandard [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	44,000	55,000
Commercial Loans [Member] | Watch [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	2,896,000	402,000
Commercial Loans [Member] | Pass [Member]
Loans Receivable, Recorded Investment [Line Items]
Loans receivable, net	$ 26,400,000	$ 22,580,000

Loans Receivable, Part V (Detai

Loans Receivable, Part V (Details)	3 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)Loan	Sep. 30, 2015USD ($)Loan	Sep. 30, 2016USD ($)LoanPayment	Dec. 31, 2015USD ($)Loan
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 10,662,000	$ 17,539,000
Total number of troubled debt restructurings | Loan			48	62
Period of principal forbearance, reduction in interest rate or both included in typical restructured terms			0 months
Valuation allowance with respect to troubled debt restructurings			$ 336,000	$ 996,000
Minimum number of consecutive contractual payments received prior to consideration for a return to accrual status | Payment			6
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms			$ 9,878,000	$ 16,527,000
Number of loans performing in accordance with modified terms | Loan			46	57
Loans Receivable, Modifications, Loans in Default			$ 784,000	$ 1,012,000
Number of Loans in Default | Loan			2	5
Loans Receivable, Modifications, Total			$ 10,662,000	$ 17,539,000
Number of Loans, Total | Loan			48	62
Data on Troubled Debt Restructuring [Abstract]
Loans modified as a troubled debt restructure
Number of loans modified as a troubled debt restructuring | Loan
Non accrual Loans [Abstract]
Total non-accrual loans			$ 10,667,000	$ 17,604,000
Ratio of total non-accrual loans to total loans, net of allowance			0.93%	1.58%
Ratio of total non-accrual loans to total assets			0.59%	1.00%
Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 6,608,000	$ 9,308,000
Total number of troubled debt restructurings | Loan			7	8
Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 4,054,000	$ 8,231,000
Total number of troubled debt restructurings | Loan			41	54
Interest Reduction and Principal Forbearance [Member]
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms			$ 1,114,000	$ 13,971,000
Number of loans performing in accordance with modified terms | Loan			22	30
Loans Receivable, Modifications, Loans in Default			$ 0	$ 1,012,000
Number of Loans in Default | Loan			0	5
Loans Receivable, Modifications, Total			$ 1,114,000	$ 14,983,000
Number of Loans, Total | Loan			22	35
Interest Reduction [Member]
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms			$ 8,710,000	$ 2,459,000
Number of loans performing in accordance with modified terms | Loan			23	26
Loans Receivable, Modifications, Loans in Default			$ 784,000	$ 0
Number of Loans in Default | Loan			2	0
Loans Receivable, Modifications, Total			$ 9,494,000	$ 2,459,000
Number of Loans, Total | Loan			25	26
Principal Forbearance [Member]
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms			$ 54,000	$ 97,000
Number of loans performing in accordance with modified terms | Loan			1	1
Loans Receivable, Modifications, Loans in Default			$ 0	$ 0
Number of Loans in Default | Loan			0	0
Loans Receivable, Modifications, Total			$ 54,000	$ 97,000
Number of Loans, Total | Loan			1	1
Residential Real Estate [Member] | One- to four-family [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 5,746,000	$ 9,639,000
Total number of troubled debt restructurings | Loan			37	49
Non accrual Loans [Abstract]
Total non-accrual loans			$ 8,444,000	$ 13,888,000
Residential Real Estate [Member] | One- to four-family [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 3,298,000	$ 3,900,000
Total number of troubled debt restructurings | Loan			3	4
Residential Real Estate [Member] | One- to four-family [Member] | Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 2,448,000	$ 5,739,000
Total number of troubled debt restructurings | Loan			34	45
Residential Real Estate [Member] | Multi Family [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 3,967,000	$ 4,863,000
Total number of troubled debt restructurings | Loan			6	8
Non accrual Loans [Abstract]
Total non-accrual loans			$ 1,445,000	$ 2,553,000
Residential Real Estate [Member] | Multi Family [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 2,522,000	$ 2,546,000
Total number of troubled debt restructurings | Loan			1	1
Residential Real Estate [Member] | Multi Family [Member] | Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 1,445,000	$ 2,317,000
Total number of troubled debt restructurings | Loan			5	7
Residential Real Estate [Member] | Home Equity [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 152,000	$ 98,000
Total number of troubled debt restructurings | Loan			2	1
Non accrual Loans [Abstract]
Total non-accrual loans			$ 305,000	$ 437,000
Residential Real Estate [Member] | Home Equity [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 54,000	$ 0
Total number of troubled debt restructurings | Loan			1	0
Residential Real Estate [Member] | Home Equity [Member] | Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 98,000	$ 98,000
Total number of troubled debt restructurings | Loan			1	1
Construction and Land [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 438,000	$ 1,556,000
Total number of troubled debt restructurings | Loan			1	2
Non accrual Loans [Abstract]
Total non-accrual loans			$ 0	$ 239,000
Construction and Land [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 438,000	$ 1,556,000
Total number of troubled debt restructurings | Loan			1	2
Construction and Land [Member] | Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 0	$ 0
Total number of troubled debt restructurings | Loan			0	0
Commercial Real Estate [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 359,000	$ 1,383,000
Total number of troubled debt restructurings | Loan			2	2
Non accrual Loans [Abstract]
Total non-accrual loans			$ 429,000	$ 460,000
Commercial Real Estate [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 296,000	$ 1,306,000
Total number of troubled debt restructurings | Loan			1	1
Commercial Real Estate [Member] | Non-accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring			$ 63,000	$ 77,000
Total number of troubled debt restructurings | Loan			1	1
Consumer [Member]
Non accrual Loans [Abstract]
Total non-accrual loans			$ 0	$ 0
Commercial Loans [Member]
Non accrual Loans [Abstract]
Total non-accrual loans			$ 44,000	$ 27,000

Real Estate Owned (Details)

Real Estate Owned (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Real Estate [Line Items]
Real estate owned, net	$ 7,454	$ 12,156	$ 9,190	$ 18,706
Transferred from loans receivable	3,442	11,719
Sales	(4,762)	(17,265)
Write downs	(416)	(1,522)
Other	0	$ 518
Mortgage loans in process of foreclosure	3,000		5,100
One- to four-family [Member]
Real Estate [Line Items]
Real estate owned, net	2,735		4,610
Multi Family [Member]
Real Estate [Line Items]
Real estate owned, net	315		209
Construction and land [Member]
Real Estate [Line Items]
Real estate owned, net	5,291		5,262
Commercial Real Estate [Member]
Real Estate [Line Items]
Real estate owned, net	300		300
Real Estate Owned Prior To Valuation Allowance [Member]
Real Estate [Line Items]
Real estate owned, net	8,641		10,381
Valuation Allowance, Real Estate Owned [Member]
Real Estate [Line Items]
Valuation allowance at end of period	$ (1,187)		$ (1,191)

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Mortgage servicing rights [Roll Forward]
Mortgage servicing rights at beginning of the period	$ 1,422	$ 2,521
Additions	1,486	3,149
Amortization	(412)	(412)
Sales	0	(4,260)
Mortgage servicing rights at end of the period	2,496	998
Valuation allowance at end of period	(100)	(20)
Mortgage servicing rights at end of the period, net	2,396	978
Estimated future servicing rights amortization expense by period [Abstract]
2,016	115
2,017	414
2,018	366
2,019	364
2,020	363
Thereafter	774
Total	2,396
MSR Sales [Abstract]
Loans originated for sale	1,800	1,600
Sales of loans held for sale	1,800	1,500
Generated mortgage banking income	91,100	77,300
Loans sold on a servicing retained basis	371,300	122,800	$ 176,400
Sold mortgage servicing rights	0	552,400
Mortgage servicing rights book value	0	4,300
Mortgage servicing rights sold	0	5,100
Gain on sale of MSR	$ 0	$ 807,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Deposits [Abstract]
Time deposits, greater than $250,000	$ 46,300		$ 46,300		$ 37,700
Summary of interest expense on deposits [Abstract]
Interest expense on deposits	1,923	$ 1,540	5,477	$ 4,251
Summary of the contractual maturities of time deposits [Abstract]
Within one year	481,068		481,068
More than one to two years	194,598		194,598
More than two to three years	6,304		6,304
More than three to four years	4,037		4,037
More than four through five years	1,297		1,297
Time deposits	$ 687,304		$ 687,304		$ 650,057

Borrowings (Details)

Borrowings (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)Loan	Dec. 31, 2015USD ($)
Short-term Debt [Line Items]
Short-term borrowings	$ 13,983	$ 7,203
Weighted average rate	3.27%	3.19%
Short-term repurchase agreements, outstanding	$ 35,000
Debt Instrument [Line Items]
Long-term borrowings	$ 377,983	$ 441,203
Weighted average rate	2.31%	3.88%
Total debt	$ 377,983	$ 441,203
FHLB, year of maturity	2,016
Year of maturity	2,017
Securities Sold under Agreements to Repurchase, Fair Value of Collateral	$ 91,700	94,100
Percentage of carrying value of qualifying unencumbered mortgage loans	80.00%
Percentage of carrying value of qualifying of over four-family loans	51.00%
Percentage of carrying value of qualifying home equity loans	75.00%
FHLBC stock as collateral	$ 12,600	19,500
Bank Lines of Credit [Member]
Short-term Debt [Line Items]
Short-term borrowings	$ 50,000	$ 0
Weighted average rate	0.29%	0.00%
FHLB, Chicago, Advances, Maturing 2016 [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 0	$ 220,000
Number of Federal Home Loan Bank Advances | Loan	0
FHLB, Chicago, Advances, Maturing 2016 [Member] | Minimum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	0.00%
FHLB, Chicago, Advances, Maturing 2016 [Member] | Maximum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	0.00%
FHLB, Chicago, Advances, Maturing 2016 [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
FHLB, interest rate	0.00%	4.34%
FHLB, Chicago, Advances, Maturing 2017 [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 65,000	$ 65,000
Number of Federal Home Loan Bank Advances | Loan	3
FHLB, Chicago, Advances, Maturing 2017 [Member] | Minimum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	3.09%
FHLB, Chicago, Advances, Maturing 2017 [Member] | Maximum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	3.46%
FHLB, Chicago, Advances, Maturing 2017 [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
FHLB, interest rate	3.19%	3.19%
FHLB, Chicago, Advances, Maturing 2018 [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 65,000	$ 65,000
Number of Federal Home Loan Bank Advances | Loan	3
FHLB, Chicago, Advances, Maturing 2018 [Member] | Minimum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	2.73%
FHLB, Chicago, Advances, Maturing 2018 [Member] | Maximum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	3.11%
FHLB, Chicago, Advances, Maturing 2018 [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
FHLB, interest rate	2.97%	2.97%
Federal Home Loan Bank Advances, Maturing 2021 Member [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 100,000	$ 0
FHLB, interest rate	0.78%	0.00%
Number of Federal Home Loan Bank Advances | Loan	2
Federal Home Loan Bank Advances, Maturing 2021 Member [Member] | Minimum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	0.67%
Federal Home Loan Bank Advances, Maturing 2021 Member [Member] | Maximum [Member]
Debt Instrument [Line Items]
FHLB, interest rate	0.73%
Repurchase Agreements Maturing 2018 [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 84,000	$ 84,000
Weighted average rate	3.96%	3.96%
Repurchase Agreements Maturing 2018 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate	2.89%
Repurchase Agreements Maturing 2018 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate	4.31%

Regulatory Capital (Details)

Regulatory Capital (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets)	$ 421,928	$ 405,947
Tier I capital (to risk-weighted assets)	406,295	390,747
Common Equity Tier 1 Capital (to risk-weighted assets)	406,295	390,747
Tier I capital (to average assets)	$ 406,295	$ 390,747
Total capital (to risk-weighted assets) Ratio	32.25%	33.41%
Tier I capital (to risk-weighted assets) Ratio	31.06%	32.16%
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	31.06%	32.16%
Tier I capital (to average assets) Ratio	22.66%	22.20%
Total capital (to risk-weighted assets), For Capital Adequacy	$ 104,659	$ 97,207
Tier I capital (to risk-weighted assets), For Capital Adequacy	78,495	72,905
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy	58,871	54,679
Tier I capital (to average assets), For Capital Adequacy	$ 71,735	$ 70,417
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	8.00%	8.00%
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier I capital ( to risk-weighted), For Capital Adequacy Ratio	4.50%	4.50%
Tier I capital (to average assets), For Capital Adequacy Ratio	4.00%	4.00%
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 112,836
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	86,671
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 67,047
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.625%
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	6.625%
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	5.125%
Waterstone Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets)	$ 386,208	$ 374,435
Tier I capital (to risk-weighted assets)	370,575	359,284
Common Equity Tier 1 Capital (to risk-weighted assets)	370,575	359,284
Tier I capital (to average assets)	370,575	359,284
State of Wisconsin (to total assets)	$ 370,575	$ 359,284
Total capital (to risk-weighted assets) Ratio	29.59%	30.92%
Tier I capital (to risk-weighted assets) Ratio	28.39%	29.67%
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	28.39%	29.67%
Tier I capital (to average assets) Ratio	20.71%	20.45%
State of Wisconsin (to total assets) Ratio	20.69%	20.43%
Total capital (to risk-weighted assets), For Capital Adequacy	$ 104,409	$ 96,885
Tier I capital (to risk-weighted assets), For Capital Adequacy	78,307	72,664
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy	58,730	54,498
Tier I capital (to average assets), For Capital Adequacy	71,561	70,286
State of Wisconsin (to total assets), For Capital Adequacy	$ 107,442	$ 105,493
Total capital (to risk-weighted assets), For Capital Adequacy Ratio	8.00%	8.00%
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	6.00%	6.00%
Common Equity Tier I capital ( to risk-weighted), For Capital Adequacy Ratio	4.50%	4.50%
Tier I capital (to average assets), For Capital Adequacy Ratio	4.00%	4.00%
State of Wisconsin (to total assets), For Capital Adequacy Ratio	6.00%	6.00%
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 112,566
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	86,464
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 66,887
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.625%
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	6.625%
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	5.125%
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 130,511	$ 121,106
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	104,409	96,885
Tier I capital (to average assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	84,832	78,719
Common Equity Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 89,452	$ 87,857
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier I capital (to risk-weighted) , To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier I capital (to average assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes [Abstract]
Income tax expense	$ 5,556	$ 2,896	$ 12,214	$ 7,651
Income before income taxes	13,061	$ 8,095	$ 31,347	$ 21,149
Effective tax rate			39.00%	36.20%
Net deferred tax assets	$ 6,200		$ 6,200

Offsetting of Assets and Liab52

Offsetting of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Repo-Net Amount [Member]
Schedule of Liabilities subject to netting agreement [Line Items]
Short-term repurchase Agreements	$ 0	$ 0
Long term repurchase agreements	0	0
Repurchase Agreement	0	0
Repo-Gross Recognized Liabilities [Member]
Schedule of Liabilities subject to netting agreement [Line Items]
Short-term repurchase Agreements	13,983	7,203
Long term repurchase agreements	84,000	84,000
Repurchase Agreement	97,983	91,203
Gross Amounts Offset [Member]
Schedule of Liabilities subject to netting agreement [Line Items]
Short-term repurchase Agreements	0	0
Long term repurchase agreements	0	0
Repurchase Agreement	0	0
Net Amounts Presented [Member]
Schedule of Liabilities subject to netting agreement [Line Items]
Short-term repurchase Agreements	13,983	7,203
Long term repurchase agreements	84,000	84,000
Repurchase Agreement	97,983	91,203
Gross Amounts Not Offset [Member]
Schedule of Liabilities subject to netting agreement [Line Items]
Short-term repurchase Agreements	13,983	7,203
Long term repurchase agreements	84,000	84,000
Repurchase Agreement	$ 97,983	$ 91,203

Commitments, Off-Balance Shee53

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2016	Dec. 31, 2015
Maximum [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Period of commitments for loans extended to customers		90 days
Period of home equity loans available to the borrower		10 years
Period of construction loans available to the borrower		1 year
Commitments to Extend Credit Under Amortizing Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks asset amount	[1]	$ 35,463	$ 10,307
Commitments to Extend Credit Under Home Equity Lines of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks asset amount	[2]	13,969	14,173
Unused Portion of Construction Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks asset amount	[3]	28,507	25,545
Unused Portion of Business Lines of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks asset amount		13,345	16,392
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks liability amount		392	566
Probable losses		$ 0	$ 0
[1]	Commitments for loans are extended to customers for up to 90 days after which they expire. Excludes commitments to originate loans held for sale, which are discussed in the following footnote.
[2]	Unused portions of home equity loans are available to the borrower for up to 10 years.
[3]	Unused portions of construction loans are available to the borrower for up to one year.

Derivative Financial Instrume54

Derivative Financial Instruments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Forward commitments to sell mortgage loans [Member]
Derivative [Line Items]
Aggregate notional amount of derivatives	$ 454.6
Cumulative net gain (loss) reported as a component of other assets and liabilities	859,000
Interest rate lock commitments [Member]
Derivative [Line Items]
Aggregate notional amount of derivatives	262
Cumulative net gain (loss) reported as a component of other assets and liabilities	$ 4.2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic and diluted earnings per share calculations [Abstract]
Net income	$ 7,505	$ 5,199	$ 19,133	$ 13,498
Net income available to unvested restricted shares	5	6	12	15
Net income available to common stockholders	$ 7,500	$ 5,193	$ 19,121	$ 13,483
Weighted average shares outstanding (in shares)	27,043	27,490	26,976	29,882
Effect of dilutive potential common shares (in shares)	386	305	307	263
Diluted weighted average shares outstanding (in shares)	27,429	27,795	27,283	30,145
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.19	$ 0.71	$ 0.45
Diluted earnings per share (in dollars per share)	$ 0.27	$ 0.19	$ 0.70	$ 0.45

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale		$ 227,765,000		$ 166,516,000
Unrealized holding losses arising during the period [Abstract]
Loans, impaired, outstanding balance		3,700,000		9,600,000
Loans, impaired, specific reserve		683,000,000		1,600,000
Real estate owned, change in fair value		416,000	$ 1.5
Mortgage servicing rights, impaired, valuation allowance		100,000
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities		80,782,000		96,667,000
Collateralized mortgage obligations, Government sponsored enterprise issued		63,763,000		70,428,000
Government sponsored enterprise bonds		3,765,000		3,746,000
Municipal securities		78,465,000		79,159,000
Other debt securities		16,892,000		16,963,000
Certificates of deposit		1,729,000		2,695,000
Loans held for sale		227,765,000		166,516,000
Mortgage banking derivative assets		4,160,000		2,313,000
Mortgage banking derivatives liabilities		859,000		125,000
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities		0		0
Collateralized mortgage obligations, Government sponsored enterprise issued		0		0
Government sponsored enterprise bonds		0		0
Municipal securities		0		0
Other debt securities		2,516,000		2,600,000
Certificates of deposit		0		0
Loans held for sale		0		0
Mortgage banking derivative assets		0		0
Mortgage banking derivatives liabilities		0		0
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities		80,782,000		96,667,000
Collateralized mortgage obligations, Government sponsored enterprise issued		63,763,000		70,428,000
Government sponsored enterprise bonds		3,765,000		3,746,000
Municipal securities		78,465,000		79,159,000
Other debt securities		14,376,000		14,363,000
Certificates of deposit		1,729,000		2,695,000
Loans held for sale		227,765,000		166,516,000
Mortgage banking derivative assets		0		0
Mortgage banking derivatives liabilities		0		0
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities		0		0
Collateralized mortgage obligations, Government sponsored enterprise issued		0		0
Government sponsored enterprise bonds		0		0
Municipal securities		0		0
Other debt securities		0		0
Certificates of deposit		0		0
Loans held for sale		0		0
Mortgage banking derivative assets		4,160,000		2,313,000
Mortgage banking derivatives liabilities		859,000		125,000
Non-recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	[1]	3,011,000		8,024,000
Real estate owned		7,454,000		9,190,000
Impaired mortgage servicing rights		1,149,000
Non-recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	[1]	0		0
Real estate owned		0		0
Impaired mortgage servicing rights		0
Non-recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	[1]	0		0
Real estate owned		0		0
Impaired mortgage servicing rights		0
Non-recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	[1]	3,011,000		8,024,000
Real estate owned		7,454,000		9,190,000
Impaired mortgage servicing rights		1,149,000
Mortgage Banking Derivatives [Member]
Assets measured on recurring basis, unobservable input reconciliation [Roll Forward]
Beginning balance		2,188,000	$ 999,000	999,000
Unrealized holding losses arising during the period [Abstract]
Mortgage derivative gain, net		1,113,000		1,189,000
Ending balance		$ 3,301,000		$ 2,188,000
[1]	Represents collateral-dependent impaired loans, net, which are included in loans.

Fair Value Measurements, Valuat

Fair Value Measurements, Valuation Techniques (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Mortgage Banking Derivatives [Member] | Pricing Models [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	$ 3,301,000
Mortgage Banking Derivatives [Member] | Pricing Models [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Pull through rate	52.20%
Mortgage Banking Derivatives [Member] | Pricing Models [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Pull through rate	99.90%
Impaired Loans [Member] | Market Approach [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	$ 3,011,000
Impaired Loans [Member] | Market Approach [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rates applied to appraisals	15.00%
Impaired Loans [Member] | Market Approach [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rates applied to appraisals	30.00%
Real Estate Owned [Member] | Market Approach [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	$ 7,454,000
Real Estate Owned [Member] | Market Approach [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rates applied to appraisals	5.60%
Real Estate Owned [Member] | Market Approach [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rates applied to appraisals	85.70%
Mortgage Servicing Rights [Member] | Pricing Models [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	$ 1,149,000
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment rate	7.00%
Discount rate	10.00%
Cost to service	$ 75.93
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment rate	36.70%
Discount rate	12.00%
Cost to service	$ 571.61

Fair Value Measurements, Balanc

Fair Value Measurements, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial Assets [Abstract]
Securities available-for-sale	$ 245,396	$ 269,658
Loans held for sale	227,765	166,516
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and cash equivalents	54,320	100,471
Securities available-for-sale	245,396	269,658
Loans held for sale	227,765	166,516
Loans receivable	1,151,696	1,114,934
FHLB stock	12,600	19,500
Accrued interest receivable	4,312	4,108
Mortgage servicing rights	2,396	1,422
Mortgage banking derivative assets	4,160	2,313
Financial Liabilities [Abstract]
Deposits	955,648	893,361
Advance payments by borrowers for taxes	25,268	3,661
Borrowings	377,983	441,203
Accrued interest payable	1,027	1,642
Mortgage banking derivative liabilities	859	125
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	54,320	100,471
Securities available-for-sale	245,396	269,658
Loans held for sale	227,765	166,516
Loans receivable	1,191,520	1,165,370
FHLB stock	12,600	19,500
Accrued interest receivable	4,312	4,108
Mortgage servicing rights	2,414	1,658
Mortgage banking derivative assets	4,160	2,313
Financial Liabilities [Abstract]
Deposits	956,041	894,015
Advance payments by borrowers for taxes	25,268	3,661
Borrowings	383,180	463,238
Accrued interest payable	1,027	1,642
Mortgage banking derivative liabilities	859	125
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	44,570	100,471
Securities available-for-sale	2,516	2,600
Loans held for sale	0	0
Loans receivable	0	0
FHLB stock	0	0
Accrued interest receivable	4,312	4,108
Mortgage servicing rights	0	0
Mortgage banking derivative assets	0	0
Financial Liabilities [Abstract]
Deposits	268,344	243,304
Advance payments by borrowers for taxes	25,268	3,661
Borrowings	0	0
Accrued interest payable	1,027	1,642
Mortgage banking derivative liabilities	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	9,750	0
Securities available-for-sale	242,880	267,058
Loans held for sale	227,765	166,516
Loans receivable	0	0
FHLB stock	12,600	19,500
Accrued interest receivable	0	0
Mortgage servicing rights	0	0
Mortgage banking derivative assets	0	0
Financial Liabilities [Abstract]
Deposits	687,697	650,711
Advance payments by borrowers for taxes	0	0
Borrowings	383,180	463,238
Accrued interest payable	0	0
Mortgage banking derivative liabilities	0	0
Fair Value [Member] | Level 3 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Loans held for sale	0	0
Loans receivable	1,191,520	1,165,370
FHLB stock	0	0
Accrued interest receivable	0	0
Mortgage servicing rights	2,414	1,658
Mortgage banking derivative assets	4,160	2,313
Financial Liabilities [Abstract]
Deposits	0	0
Advance payments by borrowers for taxes	0	0
Borrowings	0	0
Accrued interest payable	0	0
Mortgage banking derivative liabilities	$ 859	$ 125

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment			2
Segment Reporting Information [Line Items]
Net interest income	$ 11,325	$ 9,910	$ 31,473	$ 29,406
Provision for loan losses	135	580	340	1,720
Net interest income after provision for loan losses	11,190	9,330	31,133	27,686
Noninterest income	37,412	28,551	95,208	81,624
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	27,573	21,234	70,968	62,584
Occupancy, office furniture and equipment	2,319	2,292	7,074	7,004
FDIC insurance premiums	140	243	500	851
Real estate owned	37	646	344	1,875
Other	3,347	3,050	9,663	9,106
Total noninterest expenses	35,541	29,786	94,994	88,161
Income before income taxes	13,061	8,095	31,347	21,149
Income tax expense	5,556	2,896	12,214	7,651
Net income	7,505	5,199	19,133	13,498
Total assets	1,795,035	1,744,709	1,795,035	1,744,709	$ 1,762,729
Holding Company and Other [Member]
Segment Reporting Information [Line Items]
Net interest income	71	79	209	250
Provision for loan losses	0	0	0	0
Net interest income after provision for loan losses	71	79	209	250
Noninterest income	(370)	(231)	(832)	(393)
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	(114)	(104)	(342)	(316)
Occupancy, office furniture and equipment	0	0	0	0
FDIC insurance premiums	0	0	0	0
Real estate owned	0	0	0	0
Other	(233)	(35)	(387)	138
Total noninterest expenses	(347)	(139)	(729)	(178)
Income before income taxes	48	(13)	106	35
Income tax expense	682	17	706	89
Net income	(634)	(30)	(600)	(54)
Total assets	(241,615)	(156,346)	(241,615)	(156,346)
Operating Segments [Member]
Noninterest expenses [Abstract]
Other	5,472	5,371	16,108	15,847
Total assets	1,795,035		1,795,035
Operating Segments [Member] | Community Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	11,244	9,566	30,977	28,541
Provision for loan losses	100	500	200	1,450
Net interest income after provision for loan losses	11,144	9,066	30,777	27,091
Noninterest income	1,658	1,146	3,583	2,824
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	4,392	3,927	12,784	12,462
Occupancy, office furniture and equipment	740	800	2,388	2,447
FDIC insurance premiums	140	243	500	851
Real estate owned	37	646	344	1,860
Other	1,252	1,171	3,705	3,275
Total noninterest expenses	6,561	6,787	19,721	20,895
Income before income taxes	6,241	3,425	14,639	9,020
Income tax expense	2,107	962	4,711	2,544
Net income	4,134	2,463	9,928	6,476
Total assets	1,777,014	1,724,714	1,777,014	1,724,714
Operating Segments [Member] | Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	10	265	287	615
Provision for loan losses	35	80	140	270
Net interest income after provision for loan losses	(25)	185	147	345
Noninterest income	36,124	27,636	92,457	79,193
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	23,295	17,411	58,526	50,438
Occupancy, office furniture and equipment	1,579	1,492	4,686	4,557
FDIC insurance premiums	0	0	0	0
Real estate owned	0	0	0	15
Other	4,453	4,235	12,790	12,434
Total noninterest expenses	29,327	23,138	76,002	67,444
Income before income taxes	6,772	4,683	16,602	12,094
Income tax expense	2,767	1,917	6,797	5,018
Net income	4,005	2,766	9,805	7,076
Total assets	$ 259,636	$ 176,341	$ 259,636	$ 176,341