Waterstone Financial (WSBF) 10-Q 13 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
Cover [Abstract]
Entity Registrant Name	Waterstone Financial, Inc.
Entity Central Index Key	0001569994
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		0
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
Entity Address, State or Province	MD

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash	$ 41,864	$ 52,814
Federal funds sold	9,473	12,704
Interest-earning deposits in other financial institutions and other short term investments	7,787	8,782
Cash and cash equivalents	59,124	74,300
Securities available for sale	171,489	178,476
Loans held for sale (at fair value)	262,736	220,123
Loans receivable	1,409,378	1,388,031
Less: Allowance for loan losses	13,226	12,387
Loans receivable, net	1,396,152	1,375,644
Office properties and equipment, net	24,621	25,028
Federal Home Loan Bank stock (at cost)	22,950	21,150
CSV of line insurance	70,018	69,665
Real estate owned, net	702	748
Prepaid expenses and other assets	48,884	31,213
Total assets	2,056,676	1,996,347
Liabilities:
Demand deposits	135,234	130,063
Money market and savings deposits	221,464	197,942
Time deposits	729,370	739,771
Total deposits	1,086,068	1,067,776
Borrowings	522,180	483,562
Advance payments by borrowers for taxes	12,966	4,212
Other liabilities	63,636	47,111
Total liabilities	1,684,850	1,602,661
Shareholders' equity:
Preferred stock (par value $.01 per share) Authorized - 50,000,000 shares in 2019 and 2018, no shares issued	0	0
Common stock (par value $.01 per share) Authorized - 100,000,000 shares in 2019 and 2018 Issued - 27,147,260 in 2019 and 28,463,239 in 2018 Outstanding - 27,147,260 in 2019 and 28,463,239 in 2018	263	271
Additional paid-in capital	198,579	211,997
Retained earnings	187,812	197,393
Unearned ESOP shares	(16,320)	(16,617)
Accumulated other comprehensive loss, net of taxes	1,492	642
Total shareholders' equity	371,826	393,686
Total liabilities and shareholders' equity	$ 2,056,676	$ 1,996,347

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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)	26,274,974	27,148,411
Common stock - shares outstanding (in shares)	26,274,974	27,148,411

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans	$ 17,687	$ 17,104
Mortgage-related securities	702	759
Debt securities, federal funds sold and short-term investments	1,063	1,309
Total interest income	19,452	19,172
Interest expense:
Deposits	4,318	3,990
Borrowings	2,608	2,246
Total interest expense	6,926	6,236
Net interest income	12,526	12,936
Provision for loan losses	785	(680)
Net interest income after provision for loan losses	11,741	13,616
Noninterest income:
Service charges on loans and deposits	481	379
Increase in cash surrender value of life insurance	353	344
Mortgage banking income	30,406	23,359
Other	224	175
Total noninterest income	31,464	24,257
Noninterest expenses:
Compensation, payroll taxes, and other employee benefits	24,401	20,639
Occupancy, office furniture and equipment	2,741	2,776
Advertising	900	958
Data processing	1,006	769
Communications	338	328
Professional fees	1,832	695
Real estate owned	11	32
FDIC insurance premiums	1,076	805
Other	2,903	2,347
Total noninterest expenses	35,208	29,349
Income before income taxes	7,997	8,524
Income tax expense	1,928	1,982
Net income	$ 6,069	$ 6,542
Income per share:
Basic (in dollars per share)	$ 0.24	$ 0.25
Diluted (in dollars per share)	$ 0.24	$ 0.24
Weighted average shares outstanding:
Basic (in shares)	25,405	26,499
Diluted (in shares)	25,612	26,720

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 6,069	$ 6,542
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 $2, $239, ($1,125), $1,254, respectively	850	1,510
Total other comprehensive loss	850	1,510
Comprehensive income	$ 6,919	$ 8,052

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other comprehensive income (loss), net of tax
Net unrealized holding loss on available for sale securities arising during the period, net of tax benefit	$ (319)	$ (565)

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 Income (Loss) [Member]	Total
Balances at Dec. 31, 2018	$ 285	$ 232,406	$ 187,153	$ (17,804)	$ (2,361)	$ 399,679
Balances (in shares) at Dec. 31, 2018	28,463,000
Comprehensive income:
Net income	$ 0	0	6,542	0	0	6,542
Other comprehensive loss	0	0	0	0	1,510	1,510
Total comprehensive income						8,052
ESOP shares committed to be released to Plan participants	0	140	0	297	0	437
Cash dividend	0	0	(16,392)	0	0	(16,392)
Stock compensation activity, net of tax	$ 0	292	0	0	0	292
Stock compensation activity, net of tax (in shares)	23,000
Stock based compensation expense	$ 0	369	0	0	0	369
Purchase of common stock returned to authorized but unissued	$ (5)	(7,964)	0	0	0	(7,969)
Purchase of common stock returned to authorized but unissued (in shares)	(482,000)
Balances at Mar. 31, 2019	$ 280	225,243	177,303	(17,507)	(851)	384,468
Balances (in shares) at Mar. 31, 2019	28,004,000
Balances at Dec. 31, 2019	$ 271	211,997	197,393	(16,617)	642	$ 393,686
Balances (in shares) at Dec. 31, 2019	27,148,000					27,148,411
Comprehensive income:
Net income	$ 0	0	6,069	0	0	$ 6,069
Other comprehensive loss	0	0	0	0	850	850
Total comprehensive income						6,919
ESOP shares committed to be released to Plan participants	0	152	0	297	0	449
Cash dividend	0	0	(15,650)	0	0	(15,650)
Stock compensation activity, net of tax	$ 1	452	0	0	0	453
Stock compensation activity, net of tax (in shares)	39,000
Stock based compensation expense	$ 0	214	0	0	0	214
Purchase of common stock returned to authorized but unissued	$ (9)	(14,236)	0	0	0	(14,245)
Purchase of common stock returned to authorized but unissued (in shares)	(912,000)
Balances at Mar. 31, 2020	$ 263	$ 198,579	$ 187,812	$ (16,320)	$ 1,492	$ 371,826
Balances (in shares) at Mar. 31, 2020	26,275,000					26,274,974

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) [Abstract]
Cash dividends (in dollars per share)	$ 0.62	$ 0.62

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net income	$ 6,069	$ 6,542
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	785	(680)
Provision for depreciation	646	608
Deferred Taxes Cash Flow	40	1,187
Stock based compensation	214	369
Net amortization of premium/discount on debt and mortgage related securities	58	69
Amortization of unearned ESOP shares	449	437
Amortization and impairment of mortgage servicing rights	104	67
Gain on sale of loans held for sale	(31,837)	(23,551)
Loans originated for sale	(687,694)	(491,239)
Proceeds on sales of loans originated for sale	676,918	533,395
Increase in accrued interest receivable	(147)	(357)
Increase in cash surrender value of life insurance	(353)	(344)
Increase (decrease) in accrued interest on deposits and borrowings	(38)	33
(Increase) decrease in prepaid income tax	96	122
Net gain on real estate owned	(5)	(12)
Other	(2,968)	(8,882)
Net cash provided by (used in) operating activities	(37,663)	17,764
Investing activities:
Net increase in loans receivable	(21,293)	(756)
Net change on FHLB stock	(1,800)	0
Purchases of:
Mortgage related securities	(686)	(2,745)
Purchase of Debt Securities	(2,500)	0
Premises and equipment, net	(241)	(330)
Proceeds from:
Principal repayments on mortgage-related securities	9,729	5,997
Maturities of debt securities	1,555	250
Sales of real estate owned	59	528
Net cash used in investing activities	(15,177)	2,944
Financing activities:
Net increase in deposits	18,292	(1,154)
Net change in short term borrowings	38,618	13,405
Net (decrease) increase in advance payments by borrowers for taxes	(3,040)	(3,922)
Cash dividends in common stock	(2,414)	(2,628)
Purchase of common stock returned to authorized but unissued	(14,245)	(7,969)
Proceeds from stock option exercises	453	292
Net cash provided by (used in) financing activities	37,664	(1,976)
Increase (decrease) in cash and cash equivalents	(15,176)	18,732
Cash and cash equivalents at beginning of year	74,300	86,101
Cash and cash equivalents at end of year	59,124	104,833
Cash paid or credited during the period for:
Income tax payments	1,791	1,238
Interest payments	6,964	6,203
Noncash activities:
Loans receivable transferred to real estate owned	0	30
Dividends declared but not paid in other liabilities	$ 16,737	$ 17,562

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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 SSB (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 subsidiary, Waterstone Mortgage Corporation. WaterStone Bank conducts its community banking business from 13 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, multi-family residential real estate, and commercial real estate loans for retention in its portfolio. WaterStone Bank also offers home equity loans and lines of credit, construction and land loans, 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, 2019 Annual Report on Form 10-K. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 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, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."

Securities Available for Sale

Securities Available for Sale	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 30,857 $ 1,243 $ - $ 32,100 Collateralized mortgage obligations: Government sponsored enterprise issued 75,108 2,765 - 77,873 Mortgage-related securities 105,965 4,008 - 109,973 Municipal securities 50,282 1,680 - 51,962 Other debt securities 12,500 26 (2,972 ) 9,554 Debt securities 62,782 1,706 (2,972 ) 61,516 $ 168,747 $ 5,714 $ (2,972 ) $ 171,489 December 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 33,773 $ 422 $ (45 ) $ 34,150 Collateralized mortgage obligations: Government sponsored enterprise issued 81,232 776 (254 ) 81,754 Mortgage-related securities 115,005 1,198 (299 ) 115,904 Municipal securities 51,898 1,795 (1 ) 53,692 Other debt securities 10,000 - (1,120 ) 8,880 Debt securities 61,898 1,795 (1,121 ) 62,572 $ 176,903 $ 2,993 $ (1,420 ) $ 178,476 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 March 31, 2020, $1.1 million of the Company’s mortgage related securities were pledged as collateral to secure At December 31, 2019, 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 March 31, 2020 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 $ 3,497 $ 3,502 Due after one year through five years 35,518 36,203 Due after five years through ten years 13,126 13,984 Due after ten years 10,641 7,827 Mortgage-related securities 105,965 109,973 $ 168,747 $ 171,489 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: March 31, 2020 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 $ - $ - $ - $ - $ - $ - Collateralized mortgage obligations: Government sponsored enterprise issued - - - - - - Municipal securities - - - - - - Other debt securities - - 7,028 (2,972 ) 7,028 (2,972 ) $ - $ - $ 7,028 $ (2,972 ) $ 7,028 $ (2,972 ) December 31, 2019 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 $ 2,929 $ (20 ) $ 2,849 $ (25 ) $ 5,778 $ (45 ) Collateralized mortgage obligations: Government sponsored enterprise issued 21,723 (136 ) 7,180 (118 ) 28,903 (254 ) Municipal securities 100 (1 ) - - 100 (1 ) Other debt securities - - 8,880 (1,120 ) 8,880 (1,120 ) $ 24,752 $ (157 ) $ 18,909 $ (1,263 ) $ 43,661 $ (1,420 ) 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 March 31, 2020, the Company held one municipal security that had previously been deemed to be other-than-temporarily impaired. The security was 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 security to operate as a going concern. During the year ended December 31, 2012, the Company's analysis of this security resulted in $77,000 in credit losses charged to earnings with respect to this municipal security. An additional $17,000 credit loss was charged to earnings during the year ended December 31, 2014 with respect to this security as a sale occurred at a discounted price. There have been no additional credit losses related to the security. As of March 31, 2020, this security had an amortized cost of $116,000 and total life-to-date impairment of $94,000. As of March 31, 2020, the Company had one corporate debt security which had been in an unrealized loss position for twelve months or longer and these securities represent a loss of 29.7% of their aggregate amortized cost. The security were determined not to be other-than-temporarily impaired as of March 31, 2020. The Company has determined that the decline in fair value of the security is primarily attributable to an increase in market interest rates compared to the stated rates on this security 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 the security before recovery of the amortized cost basis, it is not considered other-than-temporarily impaired. The unrealized losses for the corporate debt security with an unrealized loss greater than 12 months is due to the current slope of the yield curve. The security currently earns a floating rate that is indexed to the 10 year Treasury interest rate that is reset on a quarterly basis. The Company does not intend to sell nor does it believe that it will be required to sell the security before recovery of their amortized cost basis. 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. During the three months ended March 31, 2020 and March 31, 2019, there were no sales of securities.

Loans Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2020
Loan Receivable [Abstract]
Loans Receivable	Note 3 - Loans Receivable Loans receivable at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 December 31, 2019 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ $479,259 $ $480,280 Multi-family 588,555 584,859 Home equity 17,649 18,071 Construction and land 44,655 37,033 Commercial real estate 246,370 236,703 Consumer 890 832 Commercial loans 32,000 30,253 $ $1,409,378 $ $1,388,031 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. While the real estate collateralizing these loans is primarily residential in nature, it ranges from owner-occupied single family homes to large apartment complexes. Qualifying loans receivable totaling $1.08 billion and $1.07 billion at March 31, 2020 and December 31, 2019, respectively, were pledged as collateral against $510.0 million and $470.0 million in outstanding Federal Home Loan Bank of Chicago ("FHLB") advances under a blanket security agreement at March 31, 2020 and December 31, 2019. Certain of the Company's executive officers, directors, employees, and their related interests have loans with the Bank. Loans outstanding to such parties were approximately $6.3 million as of March 31, 2020 and December 31, 2019. None of these loans were past due or considered impaired as of March 31, 2020 or December 31, 2019. As of March 31, 2020 and December 31, 2019, there were no loans 90 or more days past due and still accruing interest. An analysis of past due loans receivable as of March 31, 2020 and December 31, 2019 follows: As of March 31, 2020 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 $ 5,462 $ 80 $ 4,658 $ 10,200 $ 469,059 $ 479,259 Multi-family - - 356 356 588,199 588,555 Home equity 334 - 43 377 17,272 17,649 Construction and land - - - - 44,655 44,655 Commercial real estate - - 70 70 246,300 246,370 Consumer - - - - 890 890 Commercial loans 22 - - 22 31,978 32,000 Total $ 5,818 $ 80 $ 5,127 $ 11,025 $ 1,398,353 $ 1,409,378 As of December 31, 2019 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 $ 1,179 $ 638 $ 3,969 $ 5,786 $ 474,494 $ 480,280 Multi-family - - 360 360 584,499 584,859 Home equity - 10 - 10 18,061 18,071 Construction and land - - - - 37,033 37,033 Commercial real estate - - 303 303 236,400 236,703 Consumer - - - - 832 832 Commercial loans 6 - - 6 30,247 30,253 Total $ 1,185 $ 648 $ 4,632 $ 6,465 $ 1,381,566 $ 1,388,031 (1) (2) (3) A summary of the activity for the three months ended March 31, 2020 and 2019 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) Three months ended March 31, 2020 Balance at beginning of period $ 4,907 $ 4,138 $ 201 $ 610 $ 2,145 $ 14 $ 372 $ 12,387 Provision (credit) for loan losses (234 ) 160 32 76 654 10 87 785 Charge-offs (6 ) - - - - (1 ) - (7 ) Recoveries 47 3 6 1 4 - - 61 Balance at end of period $ 4,714 $ 4,301 $ 239 $ 687 $ 2,803 $ 23 $ 459 $ 13,226 Three months ended March 31, 2019 Balance at beginning of period $ 5,742 $ 4,153 $ 325 $ 400 $ 2,126 $ 20 $ 483 $ 13,249 Provision (credit) for loan losses (550 ) 174 (47 ) (47 ) (122 ) (13 ) (75 ) (680 ) Charge-offs (24 ) - (8 ) - - - - (32 ) Recoveries 13 4 6 - 1 - - 24 Balance at end of period $ 5,181 $ 4,331 $ 276 $ 353 $ 2,005 $ 7 $ 408 $ 12,561 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of March 31, 2020 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 $ 29 $ - $ - $ - $ 2 $ - $ - $ 31 Allowance related to loans collectively evaluated for impairment 4,685 4,301 239 687 2,801 23 459 13,195 Balance at end of period $ 4,714 $ 4,301 $ 239 $ 687 $ 2,803 $ 23 $ 459 $ 13,226 Loans individually evaluated for impairment $ 8,439 $ 647 $ 387 $ - $ 346 $ - $ - $ 9,819 Loans collectively evaluated for impairment 470,820 587,908 17,262 44,655 246,024 890 32,000 1,399,559 Total gross loans $ 479,259 $ 588,555 $ 17,649 $ 44,655 $ 246,370 $ 890 $ 32,000 $ 1,409,378 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of December 31, 2019 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 $ 32 $ - $ - $ - $ 7 $ - $ - $ 39 Allowance related to loans collectively evaluated for impairment 4,875 4,138 201 610 2,138 14 372 12,348 Balance at end of period $ 4,907 $ 4,138 $ 201 $ 610 $ 2,145 $ 14 $ 372 $ 12,387 Loans individually evaluated for impairment $ 8,725 $ 667 $ 84 $ - $ 581 $ - $ - $ 10,057 Loans collectively evaluated for impairment 471,555 584,192 17,987 37,033 236,122 832 30,253 1,377,974 Total gross loans $ 480,280 $ 584,859 $ 18,071 $ 37,033 $ 236,703 $ 832 $ 30,253 $ 1,388,031 The following table presents information relating to the Company’s internal risk ratings of its loans receivable as of March 31, 2020 and December 31, 2019: One to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At March 31, 2020 Substandard $ 8,438 $ 647 $ 576 $ - $ 346 $ - $ 743 $ 10,750 Watch 5,205 - - - 1,397 - 699 7,301 Pass 465,616 587,908 17,073 44,655 244,627 890 30,558 1,391,327 $ 479,259 $ 588,555 $ 17,649 $ 44,655 $ 246,370 $ 890 $ 32,000 $ 1,409,378 At December 31, 2019 Substandard $ 8,725 $ 668 $ 285 $ - $ 581 $ - $ 754 $ 11,013 Watch 5,975 - 3 - 1,412 - 847 8,237 Pass 465,580 584,191 17,783 37,033 234,710 832 28,652 1,368,781 $ 480,280 $ 584,859 $ 18,071 $ 37,033 $ 236,703 $ 832 $ 30,253 $ 1,388,031 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. A member of the credit department, independent of the loan originator, performs a loan review 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, and commercial real estate loans that individually, or as part of an overall borrower relationship exceed $1.0 million in potential exposure and review commercial loans that individually, or as part of an overall borrower relationship exceed $200,000 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 Company will sustain some loss if the deficiencies are not corrected. Finally, a loan is considered to be impaired when it is probable that the Company 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 March 31, 2020 and December 31, 2019. As of March 31, 2020 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs (In Thousands) Total Impaired with Reserve One- to four-family $ 215 $ 215 $ 29 $ - Multi-family - - - - Home equity - - - - Construction and land - - - - Commercial real estate 2 411 2 409 Consumer - - - - Commercial - - - - 217 626 31 409 Total Impaired with no Reserve One- to four-family 8,224 9,242 - 1,018 Multi-family 647 1,470 - 823 Home equity 387 387 - - Construction and land - - - - Commercial real estate 344 344 - - Consumer - - - - Commercial - - - - 9,602 11,443 - 1,841 Total Impaired One- to four-family 8,439 9,457 29 1,018 Multi-family 647 1,470 - 823 Home equity 387 387 - - Construction and land - - - - Commercial real estate 346 755 2 409 Consumer - - - - Commercial - - - - $ 9,819 $ 12,069 $ 31 $ 2,250 As of December 31, 2019 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs (In Thousands) Total Impaired with Reserve One- to four-family $ 217 $ 217 $ 32 $ - Multi-family - - - - Home equity - - - - Construction and land - - - - Commercial real estate 7 416 7 409 Consumer - - - - Commercial - - - - 224 633 39 409 Total Impaired with no Reserve One- to four-family 8,508 9,531 - 1,023 Multi-family 667 1,491 - 824 Home equity 84 84 - - Construction and land - - - - Commercial real estate 574 574 - - Consumer - - - - Commercial - - - - 9,833 11,680 - 1,847 Total Impaired One- to four-family 8,725 9,748 32 1,023 Multi-family 667 1,491 - 824 Home equity 84 84 - - Construction and land - - - - Commercial real estate 581 990 7 409 Consumer - - - - Commercial - - - - $ 10,057 $ 12,313 $ 39 $ 2,256 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. The following tables present data on impaired loans for the nine months ended March 31, 2020 and 2019. Three months ended March 31, 2020 2019 Average Recorded Investment Interest Paid Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 216 $ 4 $ 354 $ 6 Multi-family - - 349 10 Home equity - - 86 2 Construction and land - - - - Commercial real estate 5 10 2,481 26 Consumer - - - - Commercial - - - - 221 14 3,270 44 Total Impaired with no Reserve One- to four-family 8,265 98 7,652 114 Multi-family 656 17 945 20 Home equity 388 4 138 1 Construction and land - - - - Commercial real estate 349 4 388 4 Consumer - - - - Commercial - - 16 - 9,658 123 9,139 139 Total Impaired One- to four-family 8,481 102 8,006 120 Multi-family 656 17 1,294 30 Home equity 388 4 224 3 Construction and land - - - - Commercial real estate 354 14 2,869 30 Consumer - - - - Commercial - - 16 - $ 9,879 137 12,409 183 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 $9.6 million of impaired loans as of March 31, 2020 for which no allowance has been provided, $1.8 million in net 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 which may result in additional provisions to the allowance for loans losses or charge-offs. At March 31, 2020, total impaired loans included $3.9 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, 2019, total impaired loans included $4.0 million of troubled debt restructurings. As of March 31, 2020 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 2,740 2 $ 619 4 $ 3,359 6 Multi-family - - 291 2 291 2 Commercial real estate 277 1 2 1 279 2 $ 3,017 3 $ 912 7 $ 3,929 10 As of December 31, 2019 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 2,740 2 $ 685 5 $ 3,425 7 Multi-family - - 308 2 308 2 Commercial real estate 278 1 7 1 285 2 $ 3,018 3 $ 1,000 8 $ 4,018 11 At March 31, 2020, $3.9 million in loans had been modified in troubled debt restructurings and $912,000 of these loans were included in the non-accrual loan total. The remaining $3.0 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, an $2,000 valuation allowance has been established as of March 31, 2020 with respect to the $3.9 million in troubled debt restructurings. As of December 31, 2019, a $7,000 valuation allowance had been established with respect to the $4.0 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 March 31, 2020 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 3,610 6 $ 2 1 $ 3,612 7 Interest reduction 317 3 - - 317 3 $ 3,927 9 $ 2 1 $ 3,929 10 As of December 31, 2019 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 3,246 6 $ 448 2 $ 3,694 8 Interest reduction 324 3 - - 324 3 $ 3,570 9 $ 448 2 $ 4,018 11 There were no loans modified as troubled debt restructurings during the three or three months ended March 31, 2020 and March 31, 2019. There were no troubled debt restructurings within the past twelve months for which there was a default during the three months ended March 31, 2020 and March 31, 2019. The provisions of the CARES Act included an election to not apply the guidance on accounting for troubled debt restructurings to loan modifications, such as extensions or deferrals, related to COVID-19 made between March 1, 2020 and the earlier of (i) December 31, 2020 or (ii) 60 days after the end of the COVID-19 national emergency. The relief can only be applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019. The Company elected to adopt these provisions of the CARES Act. The following table presents data on non-accrual loans as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 (Dollars in Thousands) Non-accrual loans: Residential real estate: One- to four-family $ 5,698 $ 5,985 Multi-family 647 667 Home equity 387 70 Construction and land - - Commercial real estate 70 303 Commercial - - Consumer - - Total non-accrual loans $ 6,802 $ 7,025 Total non-accrual loans to total loans receivable 0.48 % 0.51 % Total non-accrual loans to total assets 0.33 % 0.35 %

Real Estate Owned

Real Estate Owned	3 Months Ended
	Mar. 31, 2020
Real Estate Owned [Abstract]
Real Estate Owned [Text Block]	Note 4— Real Estate Owned Real estate owned is summarized as follows: March 31, 2020 December 31, 2019 (In Thousands) One- to four-family $ - $ 46 Multi-family - - Construction and land 1,256 1,256 Commercial real estate - - Total real estate owned 1,256 1,302 Valuation allowance at end of period (554 ) (554 ) Total real estate owned, net $ 702 $ 748 The following table presents the activity in the Company’s real estate owned: Three months ended March 31, 2020 2019 (In Thousands) Real estate owned at beginning of the period $ 748 2,152 Transferred from loans receivable - 30 Sales (net of gains / losses) (46 ) (533 ) Write downs - - Other - - Real estate owned at the end of the period $ 702 1,649 Residential one- to four-family mortgage loans that were in the process of foreclosure were $2.3 million at March 31, 2020 and December 31, 2019, respectively.

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2020
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: Three months ended March 31, 2020 2019 (In Thousands) Mortgage servicing rights at beginning of the period $ 282 $ 109 Additions 58 97 Amortization (51 ) (10 ) Sales - - Mortgage servicing rights at end of the period 289 196 Valuation allowance during the period (53 ) (57 ) Mortgage servicing rights at end of the period, net $ 236 $ 139 During the three months ended March 31, 2020, $687.7 million in residential loans were originated for sale on a consolidated basis. During the same period, sales of loans held for sale totaled $676.9 million, generating mortgage banking income of $30.4 million. The unpaid principal balance of loans serviced for others was $72.5 million and $64.9 million at March 31, 2020 and December 31, 2019, respectively. These loans are not reflected in the consolidated statements of financial condition. The fair value of mortgage servicing rights were $236,000 at March 31, 2020 and $147,000 at March 31, 2019. During the three months ended March 31, 2020 and March 31, 2019, the Company did not sell any mortgage servicing rights. The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated: Estimate for the period ending December 31: (In Thousands) 2020 $ 48 2021 47 2022 40 2023 35 2024 29 Thereafter 37 Total $ 236

Deposits

Deposits	3 Months Ended
	Mar. 31, 2020
Deposits [Abstract]
Deposits	Note 6— Deposits At March 31, 2020 and December 31, 2019, time deposits with balances greater than $250,000 amounted to $70.4 million and $70.6 million, respectively. A summary of the contractual maturities of time deposits at March 31, 2020 is as follows: (In Thousands) Within one year $ 704,255 More than one to two years 20,874 More than two to three years 2,504 More than three to four years 868 More than four through five years 869 $ 729,370

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2020
Borrowings [Abstract]
Borrowings	Note 7— Borrowings Borrowings consist of the following: March 31, 2020 December 31, 2019 Balance Weighted Average Rate Balance Weighted Average Rate (Dollars in Thousands) Short term: Repurchase agreement $ 12,180 3.87 % $ 13,562 4.66 % Federal Home Loan Bank, Chicago 40,000 0.22 % - - Long term: Federal Home Loan Bank, Chicago advances maturing: 2027 50,000 1.73 % 50,000 1.73 % 2028 255,000 2.37 % 255,000 2.37 % 2029 165,000 1.61 % 165,000 1.61 % $ 522,180 1.94 % $ 483,562 2.11 % 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 $12.2 million balance at March 31, 2020 and a $13.6 million balance at December 31, 2019. 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 financial 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. The Company's repurchase agreement is subject to master netting agreements, which sets 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 $40.0 million short-term advances consists of one $5.0 million advance with a fixed rate of 0.32% and a maturity date of April 1, 2020, one $15.0 million advance with a fixed rate of 0.20% and a maturity date of June 1, 2020, and one $20.0 million advance with a fixed rate of 0.20% and a maturity date of June 30, 2020. The $50.0 million advance due in 2027 has a fixed rate of 1.73% and has a contractual maturity date in December 2027. The $255.0 million in advances due in 2028 consists of one $25.0 million advance with a fixed rate of 2.16% with a FHLB single call option in March 2020, two advances totaling $55.0 million with a fixed rate of 2.27% and with a FHLB single call option in March 2021, one advance of $25.0 million with a fixed rate of 2.40% and with a FHLB single call option in May 2020, two advances totaling $50.0 million with fixed rates of 2.34% and 2.48% and with a FHLB single call option in May 2021, one advance of $50.0 million with a fixed rate of 2.34% and with a FHLB quarterly call option beginning in June 2020, and one advance of $50.0 million with a fixed rate of 2.57% and with a FHLB quarterly call option beginning in September 2020. The $165.0 million in advances due in 2029 consists of one $50.0 million advance with a fixed rate of 1.98% with a FHLB quarterly call option in May 2022, one $50.0 million advance with a fixed rate of 1.75% with a FHLB quarterly call option in August 2021, one $25.0 million advance with a fixed rate of 1.52% with a FHLB quarterly call option in November 2020, and one advance of $40.0 million with a fixed rate of 1.02% and with a FHLB quarterly call option. The Company selects loans that meet underwriting criteria established by the FHLB as collateral for outstanding advances. The Company’s borrowings from the FHLB are limited to 80% of the carrying value of unencumbered one- to four-family mortgage loans, 75% of the carrying value of multi-family loans and 64% of the carrying value of home equity loans. In addition, these advances were collateralized by FHLB stock of $23.0 million at March 31, 2020 and $21.2 million at December 31, 2019. In the event of prepayment, the Company is obligated to pay all remaining contractual interest on the advance.

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 2020
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. As required by applicable legislation, the federal banking agencies were required to develop a “Community Bank Leverage Ratio” (the ratio of a bank’s tangible equity capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies may consider a financial institution’s risk profile when evaluating whether it qualifies as a community bank for purposes of the capital ratio requirement. The federal banking agencies must set the minimum capital for the new Community Bank Leverage Ratio at not less than 8% and not more than 10%. Beginning in the second quarter 2020 and until the end of the year, a banking organization that has a leverage ratio of 8% or greater and meets certain other criteria may elect to use the Community Bank Leverage Ratio framework; and qualified community banks will have until January 1, 2022, before the Community Bank Leverage Ratio requirement is re-established at greater than 9%. Pursuant to Section 4012 of the CARES Act and related interim final rules, the Community Bank Leverage Ratio will be 8% beginning in the second quarter and for the remainder of calendar year 2020, 8.5% for calendar year 2021, and 9% thereafter. A financial institution can elect to be subject to this new definition, and opt-out of this new definition, at any time. As a qualified community bank, we plan to elect to opt-out of this definition beginning the second quarter of 2020. Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If only adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The minimum capital ratios set forth in the Regulatory Capital Plans will be increased and other minimum capital requirements will be established if and as necessary. In accordance with the Regulatory Capital Plans, the Bank will not pursue any acquisition or growth opportunity, declare any dividend or conduct any stock repurchase that would cause the Bank's total risk-based capital ratio and/or its Tier 1 leverage ratio to fall below the established minimum capital levels or the capital levels required for capital adequacy plus the captial conservation buffer. The minimum captial conservation buffer is 2.5%. As of March 31, 2020, the Bank was well-capitalized, with all capital ratios exceeding the well-capitalized requirement. There are no conditions or events that management believes have changed the Bank’s prompt corrective action capitalization category. The Bank is subject to regulatory restrictions on the amount of dividends it may declare and pay to the Company without prior regulatory approval, and to regulatory notification requirements for dividends that do not require prior regulatory approval. The actual and required capital amounts and ratios for the Bank as of March 31, 2020 and December 31, 2019 are presented in the table below: March 31, 2020 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. $ 382,887 23.87 % $ 128,310 8.00 % $ 168,406 10.50 % $ N/A N/A WaterStone Bank 360,470 22.48 % 128,310 8.00 % 168,406 10.50 % 160,387 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 369,661 23.05 % 96,232 6.00 % 136,329 8.50 % N/A N/A WaterStone Bank 347,244 21.65 % 96,232 6.00 % 136,329 8.50 % 128,310 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 369,661 23.05 % 72,174 4.50 % 112,271 7.00 % N/A N/A WaterStone Bank 347,244 21.65 % 72,174 4.50 % 112,271 7.00 % 104,251 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 369,661 18.37 % 80,491 4.00 % N/A N/A N/A N/A WaterStone Bank 347,244 17.26 % 80,491 4.00 % N/A N/A 100,614 5.00 % State of Wisconsin (to total assets) WaterStone Bank 347,244 16.92 % 123,158 6.00 % N/A N/A N/A N/A December 31, 2019 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. $ 404,748 26.17 % $ 123,731 8.00 % $ 162,398 10.50 % $ N/A N/A WaterStone Bank 353,357 22.85 % 123,716 8.00 % 162,378 10.50 % 154,646 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 392,361 25.37 % 92,799 6.00 % 131,465 8.50 % N/A N/A WaterStone Bank 340,970 22.05 % 92,787 6.00 % 131,449 8.500 % 123,716 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 392,361 25.37 % 69,599 4.50 % 108,265 7.00 % N/A N/A WaterStone Bank 340,970 22.05 % 69,590 4.50 % 108,252 7.00 % 100,520 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 392,361 19.69 % 79,691 4.00 % N/A N/A N/A N/A WaterStone Bank 340,970 17.11 % 79,691 4.00 % N/A N/A 99,614 5.00 % State of Wisconsin (to total assets) WaterStone Bank 340,970 17.11 % 119,590 6.00 % N/A N/A N/A N/A

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Taxes [Abstract]
Income Taxes	Note 9 – Income Taxes Income tax expense decreased $54,000, or 2.7%, to $1.9 million for the three months ended March 31, 2020 compared to $2.0 million during the three months ended March 31, 2019. Income tax expense was recognized on the statement of income during the three months ended March 31, 2020 at an effective rate of 24.1% of pretax income compared to 23.3% during the three months ended March 31, 2019. During the three months ended March 31, 2020, the Company recognized a benefit of approximately $44,000 related to stock awards exercised compared to a benefit of $92,000 recognized during the three months ended March 31, 2019.

Commitments, Off-Balance Sheet

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities	3 Months Ended
	Mar. 31, 2020
Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities [Abstract]
Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities	Note 10– Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated statements of financial condition. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. March 31, 2020 December 31, 2019 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 17,185 $ 13,389 Commitments to extend credit under home equity lines of credit (2) 12,817 13,776 Unused portion of construction loans (3) 81,912 90,439 Unused portion of business lines of credit 18,367 14,623 Standby letters of credit 820 885 (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. 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 March 31, 2020 and December 31, 2019. 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, historical experience has resulted in insignificant losses and repurchase activity. The Company's reserve for losses related to these recourse provisions totaled $1.9 million and $921,000 as of March 31, 2020 and December 31, 2019, respectively. In the normal course of business, the Company, or its subsidiaries, are involved in various legal proceedings. In the opinion of management, any liability resulting from pending proceedings would not 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 was a defendant in a class action lawsuit that was filed in the United States District Court for the Western District of Wisconsin and subsequently compelled to arbitration before the American Arbitration Association. The plaintiff class alleged that Waterstone Mortgage Corporation violated certain provisions of the Fair Labor Standards Act (FLSA) and failed to pay loan officers consistent with their employment agreements. On July 5, 2017, the arbitrator issued a Final Award finding Waterstone Mortgage Corporation liable for unpaid minimum wages, overtime, unreimbursed business expenses, and liquidated damages under the FLSA. On December 8, 2017, the District Court confirmed the award in large part, and entered a judgment against Waterstone in the amount of $7,267,919 in damages to Claimants, $3,298,851 in attorney fees and costs, and a $20,000 incentive fee to Plaintiff Herrington. The judgment was appealed by Waterstone to the Seventh Circuit Court of Appeals, where oral argument was held on May 29, 2018. On October 22, 2018, the Seventh Circuit issued a ruling vacating the District Court's order enforcing the arbitration award. It found that Plaintiff Herrington had an enforceable class action waiver in her arbitration agreement, and remanded the case to the District Court. On April 25, 2019, the District Court held that Plaintiff’s claims must be resolved through single-plaintiff arbitration. As a result, it vacated the July 5, 2017 arbitration award in its entirety, and issued a revised judgement in Waterstone’s favor. In May 2019, Herrington re-initiated her individual arbitration. Over Waterstone’s objection, the arbitrator considered evidence from the prior vacated proceeding. A hearing was held in Herrington’s individual arbitration in November 2019, and Herrington sought over $55,000 in damages on her individual claim, plus punitive damages, attorney fees and costs. The arbitrator issued a written award on February 18, 2020 and in which he found Waterstone liable for damages. Although he found Herrington was exempt under the outside sales exemption, he relied on evidence from the prior proceeding in finding Waterstone had waived and was estopped from asserting the exemption. He thus found Waterstone was liable for damages, based on an assumed workweek of 50 hours and $100 in unreimbursed expenses per workweek. The arbitrator has awarded Herrington $14,952 in damages on her claims. Herrington has since sought $4.9 million in fees and costs on her award, which includes fees dating back to 2011 and the vacated proceeding. On May 6, 2020, the arbitrator issued an award that would allow Herrington to recover $1.1 million in attorney fees and costs. Waterstone still retains the right to challenge the award in Court, through a motion to vacate or modify the award. Even if the award is confirmed and a judgment is entered, it retains its appellate rights to challenge the award before the Seventh Circuit. Waterstone continues to assess its avenues for appeal, including challenging the arbitrator’s reliance on prior findings from a vacated proceeding and the arbitrator’s fee award. However, given the details of these recent developments, Waterstone does believe that it has met the criteria with respect to recognizing a loss contingency under relevant accounting principles. As such, the Company recorded a loss reserve with respect to this matter for approximately $1.1 million during the three months ended March 31, 2020. Waterstone is actively pursuing claims against its former attorneys related to their prior representation of Waterstone in the Herrington v. Waterstone arbitration and related matters. Various Claimants v. Waterstone Mortgage Corporation Waterstone Mortgage Corporation was a defendant in a class action lawsuit that was filed in the United States District Court for the Western District of Wisconsin and subsequently compelled to arbitration before the American Arbitration Association. The plaintiff class alleged that Waterstone Mortgage Corporation violated certain provisions of the Fair Labor Standards Act (FLSA) and failed to pay loan officers consistent with their employment agreements. On July 5, 2017, the arbitrator issued a Final Award finding Waterstone Mortgage Corporation liable for unpaid minimum wages, overtime, unreimbursed business expenses, and liquidated damages under the FLSA. On December 8, 2017, the District Court entered a judgment against Waterstone in the amount of $7,267,919 in damages to Claimants, $3,298,851 in attorney fees and costs, and a $20,000 incentive fee to Plaintiff Herrington. The judgment was then appealed by Waterstone to the Seventh Circuit Court of Appeals. On October 22, 2018, the Seventh Circuit issued a ruling vacating the District Court’s order enforcing the arbitration award. It found that Plaintiff Herrington had an enforceable class action waiver in her arbitration agreement, and remanded the case to the District Court. On April 25, 2019, the District Court held that Plaintiff Herrington’s claims must be resolved through single-plaintiff arbitration. As a result, it vacated the July 5, 2017 arbitration award in its entirety, and issued a revised judgment in Waterstone’s favor. In May 2019, approximately 89 of the prior claimants in the aforementioned class action lawsuit filed new demands in arbitration asserting similar claims (“the Arbitrations”). Currently, the total amount of arbitrations is approximately 100, as some other individuals who filed in court have been compelled to arbitration. For the other claimants, Waterstone has answered those demands and denies the allegations, and Waterstone will continue to vigorously defend its interests in these matters. Waterstone does not believe a loss is probable at this time, as that term is used in assessing loss contingencies. Accordingly, in accordance with the authoritative guidance in the evaluation of contingencies, the Company has not recorded an accrual related to this matter. However, an unfavorable outcome is reasonably possible and Waterstone would not characterize the chance of any loss as “remote.” Given the early stage of the numerous proceedings, Waterstone cannot yet offer an opinion on the estimated range of any possible loss, in the event of an unfavorable opinion.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 11 – Derivative Financial Instruments Mortgage Banking Derviatives 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 March 31, 2020, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $698.6 million and interest rate lock commitments with an aggregate notional amount of approximately $499.4 million. The fair value of the forward commitments to sell mortgage loans at March 31, 2020 included a loss of $9.5 million 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 March 31, 2020 included a gain of $8.0 million that is reported as a component of other assets on the Company's consolidated statements of financial condition. At December 31, 2019, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of $345.0 million and interest rate lock commitments with an aggregate notional amount of approximately $174.3 million. The fair value of the forward commitments to sell mortgage loans at December 31, 2019 included a gain of $3,000 that is reported as a component of other assets on the Company's consolidated statement of financial condition. The fair value of the interest rate locks at December 31, 2019 included a gain of $1.8 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. The significant unobservable input used in the fair value measurement of the Company's mortgage banking derivatives, including interest rate lock commitments, is the loan pull through rate. This represents the percentage of loans currently in a lock position which the Company estimates will ultimately close. Generally, the fair value of an interest rate lock commitment will be positively (negatively) impacted when the prevailing interest rate is lower (higher) than the interest rate lock commitment. Generally, an increase in the pull through rate will result in the fair value of the interest rate lock increasing when in a gain position, or decreasing when in a loss position. The pull through rate is largely dependent on the loan processing stage that a loan is currently in and the change in prevailing interest rates from the time of the rate lock. The pull through rate is computed using historical data and the ratio is periodically reviewed by the Company. Interest Rate Swaps The Company may offer derivative contracts to its customers in connection with their risk management needs. The Company manages the risk associated with these contracts by entering into an equal and offsetting derivative with a third-party dealer. These derivatives generally work together as an economic interest rate hedge, but the Company does not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability are recorded as either a charge or credit to current earnings during the period in which the changes occurred. The fair value of the swaps is recorded as both an asset and a liability, in other assets and other liabilities on the Company's consolidated statement of financial condition, respectively, in equal amounts for these transactions. The aggregate amortizing notional value of interest rate swaps with various commercial borrowers was $30.8 million at March 31, 2020 and $30.9 million at December 31, 2019. The Company receives fixed rates and pays floating rates based upon LIBOR on the swaps with commercial borrowers. These interest rate swaps mature in December 2029. Commercial borrower swaps are completed independently with each borrower and are not subject to master netting arrangements. These commercial borrower swaps were reported as a component of other assets on the Company's consolidated statement of financial condition of $3.8 million as of March 31, 2020 and $680,000 as of December 31, 2019. As of March 31, 2020 and December 31, 2019, no interest rate swaps were in default. The aggregate amortizing notional value of interest rate swaps with dealer counterparties was $30.8 million as of March 31, 2020 and $30.9 million as of December 31, 2019. The Company pays fixed rates and receives floating rates based upon LIBOR on the swaps with dealer counterparties. These interest rate swaps mature in December 2029. Dealer counterparty swaps are subject to master netting agreements among the contracts within our Bank and are reported as a component of other liabilities on the Company's consolidated statement of financial condition of $3.8 million as of March 31, 2020 and $680,000 as of December 31, 2019. No right of offset existed with dealer counterparty swaps as of March 31, 2020 and December 31, 2019. All changes in the fair value of these instruments are recorded in other non-interest income. The Company pledged $4.1 million in cash to secure its obligation under these contracts at March 31, 2020 and $710,000 in cash at December 31, 2019.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 12 – 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. 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. There were 113,000 and 100,000 antidilutive shares of common stock in the three month periods ended March 31, 2020 and 2019. Presented below are the calculations for basic and diluted earnings per share: Three months ended March 31, 2020 2019 Net income $ 6,069 6,542 Weighted average shares outstanding 25,405 26,499 Effect of dilutive potential common shares 207 221 Diluted weighted average shares outstanding 25,612 26,720 Basic earnings per share $ 0.24 0.25 Diluted earnings per share $ 0.24 0.24

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Values Measurements [Abstract]
Fair Values Measurements	Note 13 – 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 statements of financial condition at their fair value on a recurring basis as of March 31, 2020 and December 31, 2019, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using March 31, 2020 Level 1 Level 2 Level 3 (In Thousands) Assets Available-for-sale securities Mortgage-backed securities $ 32,100 $ - $ 32,100 $ - Collateralized mortgage obligations Government sponsored enterprise issued 77,873 - 77,873 - Municipal securities 51,962 - 51,962 - Other debt securities 9,554 - 9,554 - Loans held for sale 262,736 - 262,736 - Mortgage banking derivative assets 8,018 - - 8,018 Interest rate swap assets 3,765 - 3,765 - Liabilities Mortgage banking derivative liabilities 9,465 - - 9,465 Interest rate swap liabilities 3,765 - 3,765 - Fair Value Measurements Using December 31, 2019 Level 1 Level 2 Level 3 (In Thousands) Assets Available-for-sale securities Mortgage-backed securities $ 34,150 - 34,150 - Collateralized mortgage obligations Government sponsored enterprise issued 81,754 - 81,754 - Municipal securities 53,692 - 53,692 - Other debt securities 8,880 - 8,880 - Loans held for sale 220,123 - 220,123 - Mortgage banking derivative assets 1,835 - - 1,835 Interest rate swap assets 680 - 680 - Liabilities Mortgage banking derivative liabilities - - - - Interest rate swap liabilities 680 - 680 - 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 and other debt 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 change in fair value is recorded through an adjustment to the statement of comprehensive income. 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. The change in fair value is recorded through an adjustment to the statement of income. 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 change in fair value is recorded through an adjustment to the statement of income. Interest rate swap assets/liabilities - The Company offers loan level swaps to its customers and offsets its exposure from such contracts by entering into mirror image swaps with a financial institution / swap counterparty. The fair values of derivatives are based on valuation models using observable market data as of the measurement date. Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Interest rate swap assets and liabilities are considered to be Level 2 in the fair value hierarchy of valuation techniques. The change in fair value is recorded through an adjustment to the statement of operations, within other income and other expense. The table below presents reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2020 and 2019. Three months ended March 31, 2020 2019 (In Thousands) Mortgage derivative, net balance at the beginning of the period $ 1,835 898 Mortgage derivative (loss) gain, net (3,282 ) 1,238 Mortgage derivative, net balance at the end of the period $ (1,447 ) 2,136 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 statements of financial condition at their fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using March 31, 2020 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 186 $ - $ - $ 186 Real estate owned 702 - - 702 Impaired mortgage servicing rights 236 - - 236 Fair Value Measurements Using December 31, 2019 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 185 $ - $ - $ 185 Real estate owned 748 - - 748 Impaired mortgage servicing rights 206 - - 206 (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 March 31, 2020, loans determined to be impaired with an outstanding balance of $217,000 were carried net of specific reserves of $31,000 for a fair value of $186,000. At December 31, 2019, loans determined to be impaired with an outstanding balance of $224,000 were carried net of specific reserves of $39,000 for a fair value of $185,000. 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. There were no writedowns during the three months ended March 31, 2020 and 2019, respectively. At March 31, 2020 and December 31, 2019, real estate owned totaled $702,000 and $748,000, 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 and , there were $130,000 and $77,000, respectively, of impairment on mortgage servicing rights. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at March 31, 2020 Valuation Technique Significant Unobservable Inputs Minimum Value Maximum Value Weighted Average Mortgage banking derivatives $ (1,447 ) Pricing models Pull through rate - 92.0 % 71.0 % Impaired loans 217 Market approach Discount rates applied to appraisals 15.0 % 15.0 % 15.0 % Real estate owned 702 Market approach Discount rates applied to appraisals 35.0 % 65.0 % 58.0 % Mortgage servicing rights 236 Pricing models Prepayment rate 2.0 % 36.4 % 26.7 % Discount rate 11.0 % 12.4 % 11.2 % Cost to service $ 81.68 $ 246.86 $ 92.08 A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Fair value information about financial instruments follows, whether or not 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: March 31, 2020 December 31, 2019 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 $ 59,124 $ 59,124 $ 51,624 $ 7,500 $ - $ 74,300 $ 74,300 $ 65,800 $ 8,500 $ - Securities available-for-sale 171,489 171,489 - 171,489 - 178,476 178,476 - 178,476 - Loans held for sale 262,736 262,736 - 262,736 - 220,123 220,123 - 220,123 - Loans receivable 1,409,378 1,433,906 - - 1,433,906 1,388,031 1,426,224 - - 1,426,224 FHLB stock 22,950 22,950 - 22,950 - 21,150 21,150 - 21,150 - Accrued interest receivable 5,491 5,491 5,491 - - 5,344 5,344 5,344 - - Mortgage servicing rights 236 236 - - 236 282 282 - - 282 Mortgage banking derivative assets 8,018 8,018 - - 8,018 1,835 1,835 - - 1,835 Interest rate swap asset 3,765 3,765 - 3,765 - 680 680 - 680 - Financial Liabilities Deposits 1,086,068 1,086,828 356,698 730,130 - 1,067,776 1,070,083 328,005 742,078 - Advance payments by borrowers for taxes 12,966 12,966 12,966 - - 4,212 4,212 4,212 - - Borrowings 522,180 529,695 - 529,695 - 483,562 483,846 - 483,846 - Accrued interest payable 1,521 1,521 1,521 - - 1,559 1,559 1,559 - - Mortgage banking derivative liabilities 9,465 9,465 - - 9,465 - - - - - Interest rate swap liability 3,765 3,765 - 3,765 - 680 680 - 680 - 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 The fair value estimation process for the loan portfolio uses an exit price concept and reflects discounts the Company believes are consistent with discounts in the market place. Fair values are estimated for portfolios of loans with similar characteristics. Loans are segregated by type such as one- to four-family, multi-family, home equity, construction and land, commercial real estate, commercial, and other consumer. The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for similar maturities. The fair value analysis also includes other assumptions to estimate fair value, intended to approximate those a market participant would use in an orderly transaction, with adjustments for discount rates, interest rates, liquidity, and credit spreads, as appropriate. 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 March 31, 2020 and December 31, 2019. 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 financial condition, instruments that have a positive fair value are included in prepaid expenses and other assets, and those instruments that have a negative fair value are included in other liabilities. Interest Rate Swap Assets and Liabilities The carrying value and fair value of existing derivative financial instruments are based upon independent valuation models, which use widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative contract. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	Note 14 – 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 21 states with the ability to lend in 48 states. Presented below is the segment information: As of or for the three months ended March 31, 2020 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 12,908 (379 ) (3 ) 12,526 Provision for loan losses 750 35 - 785 Net interest income after provision for loan losses 12,158 (414 ) (3 ) 11,741 Noninterest income 1,028 30,798 (362 ) 31,464 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 5,168 19,387 (154 ) 24,401 Occupancy, office furniture and equipment 1,014 1,727 - 2,741 Advertising 248 652 - 900 Data processing 605 395 6 1,006 Communications 97 241 - 338 Professional fees 198 1,620 14 1,832 Real estate owned 11 - - 11 Loan processing expense - 1,076 - 1,076 Other 580 2,552 (229 ) 2,903 Total noninterest expenses 7,921 27,650 (363 ) 35,208 Income before income taxes 5,265 2,734 (2 ) 7,997 Income tax expense 1,154 768 6 1,928 Net income (loss) $ 4,111 1,966 (8 ) 6,069 Total assets $ 2,018,092 311,570 (272,986 ) 2,056,676 As of or for the three months ended March 31, 2019 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 13,132 (208 ) 12 12,936 Provision for loan losses (700 ) 20 - (680 ) Net interest income after provision for loan losses 13,832 (228 ) 12 13,616 Noninterest income 881 23,571 (195 ) 24,257 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,756 16,060 (177 ) 20,639 Occupancy, office furniture and equipment 972 1,804 - 2,776 Advertising 181 777 - 958 Data processing 457 308 4 769 Communications 82 246 - 328 Professional fees 268 426 1 695 Real estate owned 32 - - 32 Loan processing expense - 805 - 805 Other 489 1,912 (54 ) 2,347 Total noninterest expenses 7,237 22,338 (226 ) 29,349 Income (loss) before income taxes 7,476 1,005 43 8,524 Income tax expense (benefit) 1,687 286 9 1,982 Net income (loss) $ 5,789 719 34 6,542 Total assets $ 1,903,985 162,862 (138,182 ) 1,928,665

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Note 15 – Leases The Company has entered into operating lease agreements for two of its community banking branch locations, all of its mortgage banking office locations, and some of its office equipment. The leases have fixed terms defined regarding the payments and length. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated statements of financial condition. Some of the leases included options to extend the leases. These options are reviewed and factored into the length of the lease if the option is expected to be extended. Leases did not contain an implicit rate; therefore, the Company used the incremental borrowing rates for the discount rate. There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the three months ended March 31, 2020. At March 31, 2020, the Company had lease liabilities totaling $8.2 million and right-of-use assets totaling $7.7 million related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively, on the consolidated statements of financial condition. The cost components of our operating leases were as follows for the three months ended March 31, 2020 and March 31, 2019: Three months ended March 31, 2020 Three months ended March 31, 2019 (In Thousands) Operating lease cost $ 824 $ 758 Variable cost 109 260 Short-term lease cost 193 233 Total $ 1,126 $ 1,251 At March 31, 2020, the Company had leases that had not yet commenced, but will create approximately $145,000 of additional lease liabilities and right-of-use assets for the Company in the second quarter of 2020. The table below summarizes other information related to our operating leases: Three months ended March 31, 2020 (Dollars in Thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 931 Initial recognition of right of use asset 34 Initial recognition of lease liabilities 34 Weighted average remaining lease term - operating leases, in years 2.94 Weighted average discount rate - operating leases 5.9 % As of March 31, 2020, lease liability information for the Company is summarized in the following table. Maturity analysis Operating leases (In Thousands) One year or less $ 3,026 More than one year through two years 2,249 More than two years through three years 1,609 More than three years through four years 1,106 More than four years through five years 325 More than five years 961 Total lease payments 9,276 Present value discount (1,080 ) Lease liability $ 8,196

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
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, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."
Impact of Recent Accounting Pronouncements	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."
Revenue Recognition	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."
Leases	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."
Financial Instruments	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."
Receivables	The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates. Impacts of COVID-19 In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impact is unknown at this time. Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. There were no significant subsequent events for the quarter ended March 31, 2020 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements, other than that disclosed in Note 10 – Commitments, Off-Balance Sheet Arrangements and Contingent Liabilities. Reclassifications 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. The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition. The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity. Impact of Recent Accounting Pronouncements ASC Topic 842 "Leases." ASC Topic 326 "Financial Instruments - Credit Losses." On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASU 2016-13 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASU 2016-13. The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation. Management’s methodology for estimating the allowance for credit losses under CECL includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates. Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance. When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies. Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors. As we continue to evaluate the provisions of ASU 2016-13 as of and for the three months ended March 31, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations: ● Duration, extent and severity of COVID-19; ● Effect of government assistance; and ● Unemployment and effect on economies and markets. ASC Topic 310 "Receivables - Nonrefundable Fees and Other Costs."

Securities Available for Sale (

Securities Available for Sale (Policies)	3 Months Ended
	Mar. 31, 2020
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 Instrume_2

Derivative Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2020
Derivative Financial Instruments [Abstract]
Derivative financial instruments	Mortgage Banking Derviatives 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 March 31, 2020, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $698.6 million and interest rate lock commitments with an aggregate notional amount of approximately $499.4 million. The fair value of the forward commitments to sell mortgage loans at March 31, 2020 included a loss of $9.5 million 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 March 31, 2020 included a gain of $8.0 million that is reported as a component of other assets on the Company's consolidated statements of financial condition. At December 31, 2019, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of $345.0 million and interest rate lock commitments with an aggregate notional amount of approximately $174.3 million. The fair value of the forward commitments to sell mortgage loans at December 31, 2019 included a gain of $3,000 that is reported as a component of other assets on the Company's consolidated statement of financial condition. The fair value of the interest rate locks at December 31, 2019 included a gain of $1.8 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. The significant unobservable input used in the fair value measurement of the Company's mortgage banking derivatives, including interest rate lock commitments, is the loan pull through rate. This represents the percentage of loans currently in a lock position which the Company estimates will ultimately close. Generally, the fair value of an interest rate lock commitment will be positively (negatively) impacted when the prevailing interest rate is lower (higher) than the interest rate lock commitment. Generally, an increase in the pull through rate will result in the fair value of the interest rate lock increasing when in a gain position, or decreasing when in a loss position. The pull through rate is largely dependent on the loan processing stage that a loan is currently in and the change in prevailing interest rates from the time of the rate lock. The pull through rate is computed using historical data and the ratio is periodically reviewed by the Company. Interest Rate Swaps The Company may offer derivative contracts to its customers in connection with their risk management needs. The Company manages the risk associated with these contracts by entering into an equal and offsetting derivative with a third-party dealer. These derivatives generally work together as an economic interest rate hedge, but the Company does not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability are recorded as either a charge or credit to current earnings during the period in which the changes occurred. The fair value of the swaps is recorded as both an asset and a liability, in other assets and other liabilities on the Company's consolidated statement of financial condition, respectively, in equal amounts for these transactions. The aggregate amortizing notional value of interest rate swaps with various commercial borrowers was $30.8 million at March 31, 2020 and $30.9 million at December 31, 2019. The Company receives fixed rates and pays floating rates based upon LIBOR on the swaps with commercial borrowers. These interest rate swaps mature in December 2029. Commercial borrower swaps are completed independently with each borrower and are not subject to master netting arrangements. These commercial borrower swaps were reported as a component of other assets on the Company's consolidated statement of financial condition of $3.8 million as of March 31, 2020 and $680,000 as of December 31, 2019. As of March 31, 2020 and December 31, 2019, no interest rate swaps were in default. The aggregate amortizing notional value of interest rate swaps with dealer counterparties was $30.8 million as of March 31, 2020 and $30.9 million as of December 31, 2019. The Company pays fixed rates and receives floating rates based upon LIBOR on the swaps with dealer counterparties. These interest rate swaps mature in December 2029. Dealer counterparty swaps are subject to master netting agreements among the contracts within our Bank and are reported as a component of other liabilities on the Company's consolidated statement of financial condition of $3.8 million as of March 31, 2020 and $680,000 as of December 31, 2019. No right of offset existed with dealer counterparty swaps as of March 31, 2020 and December 31, 2019. All changes in the fair value of these instruments are recorded in other non-interest income. The Company pledged $4.1 million in cash to secure its obligation under these contracts at March 31, 2020 and $710,000 in cash at December 31, 2019.

Securities Available for Sale_2

Securities Available for Sale (Tables)	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 30,857 $ 1,243 $ - $ 32,100 Collateralized mortgage obligations: Government sponsored enterprise issued 75,108 2,765 - 77,873 Mortgage-related securities 105,965 4,008 - 109,973 Municipal securities 50,282 1,680 - 51,962 Other debt securities 12,500 26 (2,972 ) 9,554 Debt securities 62,782 1,706 (2,972 ) 61,516 $ 168,747 $ 5,714 $ (2,972 ) $ 171,489 December 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In Thousands) Mortgage-backed securities $ 33,773 $ 422 $ (45 ) $ 34,150 Collateralized mortgage obligations: Government sponsored enterprise issued 81,232 776 (254 ) 81,754 Mortgage-related securities 115,005 1,198 (299 ) 115,904 Municipal securities 51,898 1,795 (1 ) 53,692 Other debt securities 10,000 - (1,120 ) 8,880 Debt securities 61,898 1,795 (1,121 ) 62,572 $ 176,903 $ 2,993 $ (1,420 ) $ 178,476
Amortized Cost and Fair Values of Investment Securities by Contractual Maturity	The amortized cost and fair values of investment securities by contractual maturity at March 31, 2020 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 $ 3,497 $ 3,502 Due after one year through five years 35,518 36,203 Due after five years through ten years 13,126 13,984 Due after ten years 10,641 7,827 Mortgage-related securities 105,965 109,973 $ 168,747 $ 171,489
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: March 31, 2020 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 $ - $ - $ - $ - $ - $ - Collateralized mortgage obligations: Government sponsored enterprise issued - - - - - - Municipal securities - - - - - - Other debt securities - - 7,028 (2,972 ) 7,028 (2,972 ) $ - $ - $ 7,028 $ (2,972 ) $ 7,028 $ (2,972 ) December 31, 2019 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 $ 2,929 $ (20 ) $ 2,849 $ (25 ) $ 5,778 $ (45 ) Collateralized mortgage obligations: Government sponsored enterprise issued 21,723 (136 ) 7,180 (118 ) 28,903 (254 ) Municipal securities 100 (1 ) - - 100 (1 ) Other debt securities - - 8,880 (1,120 ) 8,880 (1,120 ) $ 24,752 $ (157 ) $ 18,909 $ (1,263 ) $ 43,661 $ (1,420 )

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2020
Loan Receivable [Abstract]
Components of Loans Receivable	Loans receivable at March 31, 2020 and December 31, 2019 are summarized as follows: March 31, 2020 December 31, 2019 (In Thousands) Mortgage loans: Residential real estate: One- to four-family $ $479,259 $ $480,280 Multi-family 588,555 584,859 Home equity 17,649 18,071 Construction and land 44,655 37,033 Commercial real estate 246,370 236,703 Consumer 890 832 Commercial loans 32,000 30,253 $ $1,409,378 $ $1,388,031 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. While the real estate collateralizing these loans is primarily residential in nature, it ranges from owner-occupied single family homes to large apartment complexes. Qualifying loans receivable totaling $1.08 billion and $1.07 billion at March 31, 2020 and December 31, 2019, respectively, were pledged as collateral against $510.0 million and $470.0 million in outstanding Federal Home Loan Bank of Chicago ("FHLB") advances under a blanket security agreement at March 31, 2020 and December 31, 2019. Certain of the Company's executive officers, directors, employees, and their related interests have loans with the Bank. Loans outstanding to such parties were approximately $6.3 million as of March 31, 2020 and December 31, 2019. None of these loans were past due or considered impaired as of March 31, 2020 or December 31, 2019. As of March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019 follows: As of March 31, 2020 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 $ 5,462 $ 80 $ 4,658 $ 10,200 $ 469,059 $ 479,259 Multi-family - - 356 356 588,199 588,555 Home equity 334 - 43 377 17,272 17,649 Construction and land - - - - 44,655 44,655 Commercial real estate - - 70 70 246,300 246,370 Consumer - - - - 890 890 Commercial loans 22 - - 22 31,978 32,000 Total $ 5,818 $ 80 $ 5,127 $ 11,025 $ 1,398,353 $ 1,409,378 As of December 31, 2019 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 $ 1,179 $ 638 $ 3,969 $ 5,786 $ 474,494 $ 480,280 Multi-family - - 360 360 584,499 584,859 Home equity - 10 - 10 18,061 18,071 Construction and land - - - - 37,033 37,033 Commercial real estate - - 303 303 236,400 236,703 Consumer - - - - 832 832 Commercial loans 6 - - 6 30,247 30,253 Total $ 1,185 $ 648 $ 4,632 $ 6,465 $ 1,381,566 $ 1,388,031 (1) (2) (3)
Allowance for Loan Losses	A summary of the activity for the three months ended March 31, 2020 and 2019 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) Three months ended March 31, 2020 Balance at beginning of period $ 4,907 $ 4,138 $ 201 $ 610 $ 2,145 $ 14 $ 372 $ 12,387 Provision (credit) for loan losses (234 ) 160 32 76 654 10 87 785 Charge-offs (6 ) - - - - (1 ) - (7 ) Recoveries 47 3 6 1 4 - - 61 Balance at end of period $ 4,714 $ 4,301 $ 239 $ 687 $ 2,803 $ 23 $ 459 $ 13,226 Three months ended March 31, 2019 Balance at beginning of period $ 5,742 $ 4,153 $ 325 $ 400 $ 2,126 $ 20 $ 483 $ 13,249 Provision (credit) for loan losses (550 ) 174 (47 ) (47 ) (122 ) (13 ) (75 ) (680 ) Charge-offs (24 ) - (8 ) - - - - (32 ) Recoveries 13 4 6 - 1 - - 24 Balance at end of period $ 5,181 $ 4,331 $ 276 $ 353 $ 2,005 $ 7 $ 408 $ 12,561
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 March 31, 2020 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 $ 29 $ - $ - $ - $ 2 $ - $ - $ 31 Allowance related to loans collectively evaluated for impairment 4,685 4,301 239 687 2,801 23 459 13,195 Balance at end of period $ 4,714 $ 4,301 $ 239 $ 687 $ 2,803 $ 23 $ 459 $ 13,226 Loans individually evaluated for impairment $ 8,439 $ 647 $ 387 $ - $ 346 $ - $ - $ 9,819 Loans collectively evaluated for impairment 470,820 587,908 17,262 44,655 246,024 890 32,000 1,399,559 Total gross loans $ 479,259 $ 588,555 $ 17,649 $ 44,655 $ 246,370 $ 890 $ 32,000 $ 1,409,378 A summary of the allowance for loan loss for loans evaluated individually and collectively for impairment by collateral class as of December 31, 2019 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 $ 32 $ - $ - $ - $ 7 $ - $ - $ 39 Allowance related to loans collectively evaluated for impairment 4,875 4,138 201 610 2,138 14 372 12,348 Balance at end of period $ 4,907 $ 4,138 $ 201 $ 610 $ 2,145 $ 14 $ 372 $ 12,387 Loans individually evaluated for impairment $ 8,725 $ 667 $ 84 $ - $ 581 $ - $ - $ 10,057 Loans collectively evaluated for impairment 471,555 584,192 17,987 37,033 236,122 832 30,253 1,377,974 Total gross loans $ 480,280 $ 584,859 $ 18,071 $ 37,033 $ 236,703 $ 832 $ 30,253 $ 1,388,031
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 March 31, 2020 and December 31, 2019: One to Four- Family Multi-Family Home Equity Construction and Land Commercial Real Estate Consumer Commercial Total (In Thousands) At March 31, 2020 Substandard $ 8,438 $ 647 $ 576 $ - $ 346 $ - $ 743 $ 10,750 Watch 5,205 - - - 1,397 - 699 7,301 Pass 465,616 587,908 17,073 44,655 244,627 890 30,558 1,391,327 $ 479,259 $ 588,555 $ 17,649 $ 44,655 $ 246,370 $ 890 $ 32,000 $ 1,409,378 At December 31, 2019 Substandard $ 8,725 $ 668 $ 285 $ - $ 581 $ - $ 754 $ 11,013 Watch 5,975 - 3 - 1,412 - 847 8,237 Pass 465,580 584,191 17,783 37,033 234,710 832 28,652 1,368,781 $ 480,280 $ 584,859 $ 18,071 $ 37,033 $ 236,703 $ 832 $ 30,253 $ 1,388,031
Impaired Loan Receivables	The following tables present data on impaired loans at March 31, 2020 and December 31, 2019. As of March 31, 2020 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs (In Thousands) Total Impaired with Reserve One- to four-family $ 215 $ 215 $ 29 $ - Multi-family - - - - Home equity - - - - Construction and land - - - - Commercial real estate 2 411 2 409 Consumer - - - - Commercial - - - - 217 626 31 409 Total Impaired with no Reserve One- to four-family 8,224 9,242 - 1,018 Multi-family 647 1,470 - 823 Home equity 387 387 - - Construction and land - - - - Commercial real estate 344 344 - - Consumer - - - - Commercial - - - - 9,602 11,443 - 1,841 Total Impaired One- to four-family 8,439 9,457 29 1,018 Multi-family 647 1,470 - 823 Home equity 387 387 - - Construction and land - - - - Commercial real estate 346 755 2 409 Consumer - - - - Commercial - - - - $ 9,819 $ 12,069 $ 31 $ 2,250 As of December 31, 2019 Recorded Investment Unpaid Principal Reserve Cumulative Charge-Offs (In Thousands) Total Impaired with Reserve One- to four-family $ 217 $ 217 $ 32 $ - Multi-family - - - - Home equity - - - - Construction and land - - - - Commercial real estate 7 416 7 409 Consumer - - - - Commercial - - - - 224 633 39 409 Total Impaired with no Reserve One- to four-family 8,508 9,531 - 1,023 Multi-family 667 1,491 - 824 Home equity 84 84 - - Construction and land - - - - Commercial real estate 574 574 - - Consumer - - - - Commercial - - - - 9,833 11,680 - 1,847 Total Impaired One- to four-family 8,725 9,748 32 1,023 Multi-family 667 1,491 - 824 Home equity 84 84 - - Construction and land - - - - Commercial real estate 581 990 7 409 Consumer - - - - Commercial - - - - $ 10,057 $ 12,313 $ 39 $ 2,256 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. The following tables present data on impaired loans for the nine months ended March 31, 2020 and 2019. Three months ended March 31, 2020 2019 Average Recorded Investment Interest Paid Average Recorded Investment Interest Paid (In Thousands) Total Impaired with Reserve One- to four-family $ 216 $ 4 $ 354 $ 6 Multi-family - - 349 10 Home equity - - 86 2 Construction and land - - - - Commercial real estate 5 10 2,481 26 Consumer - - - - Commercial - - - - 221 14 3,270 44 Total Impaired with no Reserve One- to four-family 8,265 98 7,652 114 Multi-family 656 17 945 20 Home equity 388 4 138 1 Construction and land - - - - Commercial real estate 349 4 388 4 Consumer - - - - Commercial - - 16 - 9,658 123 9,139 139 Total Impaired One- to four-family 8,481 102 8,006 120 Multi-family 656 17 1,294 30 Home equity 388 4 224 3 Construction and land - - - - Commercial real estate 354 14 2,869 30 Consumer - - - - Commercial - - 16 - $ 9,879 137 12,409 183
Troubled Debt Restructurings on Loan Receivables	As of March 31, 2020 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 2,740 2 $ 619 4 $ 3,359 6 Multi-family - - 291 2 291 2 Commercial real estate 277 1 2 1 279 2 $ 3,017 3 $ 912 7 $ 3,929 10 As of December 31, 2019 Accruing Non-accruing Total Amount Number Amount Number Amount Number (Dollars in Thousands) One- to four-family $ 2,740 2 $ 685 5 $ 3,425 7 Multi-family - - 308 2 308 2 Commercial real estate 278 1 7 1 285 2 $ 3,018 3 $ 1,000 8 $ 4,018 11
Troubled Debt Restructurings by Concession Type	The following presents troubled debt restructurings by concession type: As of March 31, 2020 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 3,610 6 $ 2 1 $ 3,612 7 Interest reduction 317 3 - - 317 3 $ 3,927 9 $ 2 1 $ 3,929 10 As of December 31, 2019 Performing in accordance with modified terms In Default Total Amount Number Amount Number Amount Number (Dollars in Thousands) Interest reduction and principal forbearance $ 3,246 6 $ 448 2 $ 3,694 8 Interest reduction 324 3 - - 324 3 $ 3,570 9 $ 448 2 $ 4,018 11 There were no loans modified as troubled debt restructurings during the three or three months ended March 31, 2020 and March 31, 2019. There were no troubled debt restructurings within the past twelve months for which there was a default during the three months ended March 31, 2020 and March 31, 2019. The provisions of the CARES Act included an election to not apply the guidance on accounting for troubled debt restructurings to loan modifications, such as extensions or deferrals, related to COVID-19 made between March 1, 2020 and the earlier of (i) December 31, 2020 or (ii) 60 days after the end of the COVID-19 national emergency. The relief can only be applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019. The Company elected to adopt these provisions of the CARES Act.
Loans Receivables, Non Accrual Status	The following table presents data on non-accrual loans as of March 31, 2020 and December 31, 2019: March 31, 2020 December 31, 2019 (Dollars in Thousands) Non-accrual loans: Residential real estate: One- to four-family $ 5,698 $ 5,985 Multi-family 647 667 Home equity 387 70 Construction and land - - Commercial real estate 70 303 Commercial - - Consumer - - Total non-accrual loans $ 6,802 $ 7,025 Total non-accrual loans to total loans receivable 0.48 % 0.51 % Total non-accrual loans to total assets 0.33 % 0.35 %

Real Estate Owned (Tables)

Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2020
Real Estate Owned [Abstract]
Real Estate Owned	Note 4— Real Estate Owned Real estate owned is summarized as follows: March 31, 2020 December 31, 2019 (In Thousands) One- to four-family $ - $ 46 Multi-family - - Construction and land 1,256 1,256 Commercial real estate - - Total real estate owned 1,256 1,302 Valuation allowance at end of period (554 ) (554 ) Total real estate owned, net $ 702 $ 748 The following table presents the activity in the Company’s real estate owned: Three months ended March 31, 2020 2019 (In Thousands) Real estate owned at beginning of the period $ 748 2,152 Transferred from loans receivable - 30 Sales (net of gains / losses) (46 ) (533 ) Write downs - - Other - - Real estate owned at the end of the period $ 702 1,649 Residential one- to four-family mortgage loans that were in the process of foreclosure were $2.3 million at March 31, 2020 and December 31, 2019, respectively.

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2020
Mortgage Servicing Rights [Abstract]
Mortgage Servicing Rights Activity	The following table presents the activity in the Company’s mortgage servicing rights: Three months ended March 31, 2020 2019 (In Thousands) Mortgage servicing rights at beginning of the period $ 282 $ 109 Additions 58 97 Amortization (51 ) (10 ) Sales - - Mortgage servicing rights at end of the period 289 196 Valuation allowance during the period (53 ) (57 ) Mortgage servicing rights at end of the period, net $ 236 $ 139
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 ending December 31: (In Thousands) 2020 $ 48 2021 47 2022 40 2023 35 2024 29 Thereafter 37 Total $ 236

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2020
Deposits [Abstract]
Contractual Maturities of Time Deposits	At March 31, 2020 and December 31, 2019, time deposits with balances greater than $250,000 amounted to $70.4 million and $70.6 million, respectively. A summary of the contractual maturities of time deposits at March 31, 2020 is as follows: (In Thousands) Within one year $ 704,255 More than one to two years 20,874 More than two to three years 2,504 More than three to four years 868 More than four through five years 869 $ 729,370

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2020
Borrowings [Abstract]
Borrowings	Borrowings consist of the following: March 31, 2020 December 31, 2019 Balance Weighted Average Rate Balance Weighted Average Rate (Dollars in Thousands) Short term: Repurchase agreement $ 12,180 3.87 % $ 13,562 4.66 % Federal Home Loan Bank, Chicago 40,000 0.22 % - - Long term: Federal Home Loan Bank, Chicago advances maturing: 2027 50,000 1.73 % 50,000 1.73 % 2028 255,000 2.37 % 255,000 2.37 % 2029 165,000 1.61 % 165,000 1.61 % $ 522,180 1.94 % $ 483,562 2.11 %

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2020
Regulatory Capital [Abstract]
Actual and Required Capital Amounts and Ratios	The actual and required capital amounts and ratios for the Bank as of March 31, 2020 and December 31, 2019 are presented in the table below: March 31, 2020 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. $ 382,887 23.87 % $ 128,310 8.00 % $ 168,406 10.50 % $ N/A N/A WaterStone Bank 360,470 22.48 % 128,310 8.00 % 168,406 10.50 % 160,387 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 369,661 23.05 % 96,232 6.00 % 136,329 8.50 % N/A N/A WaterStone Bank 347,244 21.65 % 96,232 6.00 % 136,329 8.50 % 128,310 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 369,661 23.05 % 72,174 4.50 % 112,271 7.00 % N/A N/A WaterStone Bank 347,244 21.65 % 72,174 4.50 % 112,271 7.00 % 104,251 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 369,661 18.37 % 80,491 4.00 % N/A N/A N/A N/A WaterStone Bank 347,244 17.26 % 80,491 4.00 % N/A N/A 100,614 5.00 % State of Wisconsin (to total assets) WaterStone Bank 347,244 16.92 % 123,158 6.00 % N/A N/A N/A N/A December 31, 2019 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. $ 404,748 26.17 % $ 123,731 8.00 % $ 162,398 10.50 % $ N/A N/A WaterStone Bank 353,357 22.85 % 123,716 8.00 % 162,378 10.50 % 154,646 10.00 % Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 392,361 25.37 % 92,799 6.00 % 131,465 8.50 % N/A N/A WaterStone Bank 340,970 22.05 % 92,787 6.00 % 131,449 8.500 % 123,716 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated Waterstone Financial, Inc. 392,361 25.37 % 69,599 4.50 % 108,265 7.00 % N/A N/A WaterStone Bank 340,970 22.05 % 69,590 4.50 % 108,252 7.00 % 100,520 6.50 % Tier 1 Capital (to average assets) Consolidated Waterstone Financial, Inc. 392,361 19.69 % 79,691 4.00 % N/A N/A N/A N/A WaterStone Bank 340,970 17.11 % 79,691 4.00 % N/A N/A 99,614 5.00 % State of Wisconsin (to total assets) WaterStone Bank 340,970 17.11 % 119,590 6.00 % N/A N/A N/A N/A

Commitments, Off-Balance Shee_2

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
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 statements of financial condition. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. March 31, 2020 December 31, 2019 (In Thousands) Financial instruments whose contract amounts represent potential credit risk: Commitments to extend credit under amortizing loans (1) $ 17,185 $ 13,389 Commitments to extend credit under home equity lines of credit (2) 12,817 13,776 Unused portion of construction loans (3) 81,912 90,439 Unused portion of business lines of credit 18,367 14,623 Standby letters of credit 820 885 (1) (2) (3)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Net income $ 6,069 6,542 Weighted average shares outstanding 25,405 26,499 Effect of dilutive potential common shares 207 221 Diluted weighted average shares outstanding 25,612 26,720 Basic earnings per share $ 0.24 0.25 Diluted earnings per share $ 0.24 0.24

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Values Measurements [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents information about our assets recorded in our consolidated statements of financial condition at their fair value on a recurring basis as of March 31, 2020 and December 31, 2019, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using March 31, 2020 Level 1 Level 2 Level 3 (In Thousands) Assets Available-for-sale securities Mortgage-backed securities $ 32,100 $ - $ 32,100 $ - Collateralized mortgage obligations Government sponsored enterprise issued 77,873 - 77,873 - Municipal securities 51,962 - 51,962 - Other debt securities 9,554 - 9,554 - Loans held for sale 262,736 - 262,736 - Mortgage banking derivative assets 8,018 - - 8,018 Interest rate swap assets 3,765 - 3,765 - Liabilities Mortgage banking derivative liabilities 9,465 - - 9,465 Interest rate swap liabilities 3,765 - 3,765 - Fair Value Measurements Using December 31, 2019 Level 1 Level 2 Level 3 (In Thousands) Assets Available-for-sale securities Mortgage-backed securities $ 34,150 - 34,150 - Collateralized mortgage obligations Government sponsored enterprise issued 81,754 - 81,754 - Municipal securities 53,692 - 53,692 - Other debt securities 8,880 - 8,880 - Loans held for sale 220,123 - 220,123 - Mortgage banking derivative assets 1,835 - - 1,835 Interest rate swap assets 680 - 680 - Liabilities Mortgage banking derivative liabilities - - - - Interest rate swap liabilities 680 - 680 -
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below presents reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2020 and 2019. Three months ended March 31, 2020 2019 (In Thousands) Mortgage derivative, net balance at the beginning of the period $ 1,835 898 Mortgage derivative (loss) gain, net (3,282 ) 1,238 Mortgage derivative, net balance at the end of the period $ (1,447 ) 2,136
Fair Value Measurements, Nonrecurring	Assets Recorded at Fair Value on a Non-recurring Basis The following tables present information about our assets recorded in our consolidated statements of financial condition at their fair value on a non-recurring basis as of March 31, 2020 and December 31, 2019, and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. Fair Value Measurements Using March 31, 2020 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 186 $ - $ - $ 186 Real estate owned 702 - - 702 Impaired mortgage servicing rights 236 - - 236 Fair Value Measurements Using December 31, 2019 Level 1 Level 2 Level 3 (In Thousands) Impaired loans, net (1) $ 185 $ - $ - $ 185 Real estate owned 748 - - 748 Impaired mortgage servicing rights 206 - - 206 (1) Represents collateral-dependent impaired loans, net, which are included in loans.
Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques	For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at March 31, 2020 Valuation Technique Significant Unobservable Inputs Minimum Value Maximum Value Weighted Average Mortgage banking derivatives $ (1,447 ) Pricing models Pull through rate - 92.0 % 71.0 % Impaired loans 217 Market approach Discount rates applied to appraisals 15.0 % 15.0 % 15.0 % Real estate owned 702 Market approach Discount rates applied to appraisals 35.0 % 65.0 % 58.0 % Mortgage servicing rights 236 Pricing models Prepayment rate 2.0 % 36.4 % 26.7 % Discount rate 11.0 % 12.4 % 11.2 % Cost to service $ 81.68 $ 246.86 $ 92.08
Fair Value, by Balance Sheet Grouping	The carrying amounts and fair values of the Company’s financial instruments consist of the following: March 31, 2020 December 31, 2019 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 $ 59,124 $ 59,124 $ 51,624 $ 7,500 $ - $ 74,300 $ 74,300 $ 65,800 $ 8,500 $ - Securities available-for-sale 171,489 171,489 - 171,489 - 178,476 178,476 - 178,476 - Loans held for sale 262,736 262,736 - 262,736 - 220,123 220,123 - 220,123 - Loans receivable 1,409,378 1,433,906 - - 1,433,906 1,388,031 1,426,224 - - 1,426,224 FHLB stock 22,950 22,950 - 22,950 - 21,150 21,150 - 21,150 - Accrued interest receivable 5,491 5,491 5,491 - - 5,344 5,344 5,344 - - Mortgage servicing rights 236 236 - - 236 282 282 - - 282 Mortgage banking derivative assets 8,018 8,018 - - 8,018 1,835 1,835 - - 1,835 Interest rate swap asset 3,765 3,765 - 3,765 - 680 680 - 680 - Financial Liabilities Deposits 1,086,068 1,086,828 356,698 730,130 - 1,067,776 1,070,083 328,005 742,078 - Advance payments by borrowers for taxes 12,966 12,966 12,966 - - 4,212 4,212 4,212 - - Borrowings 522,180 529,695 - 529,695 - 483,562 483,846 - 483,846 - Accrued interest payable 1,521 1,521 1,521 - - 1,559 1,559 1,559 - - Mortgage banking derivative liabilities 9,465 9,465 - - 9,465 - - - - - Interest rate swap liability 3,765 3,765 - 3,765 - 680 680 - 680 -

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	Presented below is the segment information: As of or for the three months ended March 31, 2020 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 12,908 (379 ) (3 ) 12,526 Provision for loan losses 750 35 - 785 Net interest income after provision for loan losses 12,158 (414 ) (3 ) 11,741 Noninterest income 1,028 30,798 (362 ) 31,464 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 5,168 19,387 (154 ) 24,401 Occupancy, office furniture and equipment 1,014 1,727 - 2,741 Advertising 248 652 - 900 Data processing 605 395 6 1,006 Communications 97 241 - 338 Professional fees 198 1,620 14 1,832 Real estate owned 11 - - 11 Loan processing expense - 1,076 - 1,076 Other 580 2,552 (229 ) 2,903 Total noninterest expenses 7,921 27,650 (363 ) 35,208 Income before income taxes 5,265 2,734 (2 ) 7,997 Income tax expense 1,154 768 6 1,928 Net income (loss) $ 4,111 1,966 (8 ) 6,069 Total assets $ 2,018,092 311,570 (272,986 ) 2,056,676 As of or for the three months ended March 31, 2019 Community Banking Mortgage Banking Holding Company and Other Consolidated (In Thousands) Net interest income $ 13,132 (208 ) 12 12,936 Provision for loan losses (700 ) 20 - (680 ) Net interest income after provision for loan losses 13,832 (228 ) 12 13,616 Noninterest income 881 23,571 (195 ) 24,257 Noninterest expenses: Compensation, payroll taxes, and other employee benefits 4,756 16,060 (177 ) 20,639 Occupancy, office furniture and equipment 972 1,804 - 2,776 Advertising 181 777 - 958 Data processing 457 308 4 769 Communications 82 246 - 328 Professional fees 268 426 1 695 Real estate owned 32 - - 32 Loan processing expense - 805 - 805 Other 489 1,912 (54 ) 2,347 Total noninterest expenses 7,237 22,338 (226 ) 29,349 Income (loss) before income taxes 7,476 1,005 43 8,524 Income tax expense (benefit) 1,687 286 9 1,982 Net income (loss) $ 5,789 719 34 6,542 Total assets $ 1,903,985 162,862 (138,182 ) 1,928,665

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Components of Operating Expenses	The cost components of our operating leases were as follows for the three months ended March 31, 2020 and March 31, 2019: Three months ended March 31, 2020 Three months ended March 31, 2019 (In Thousands) Operating lease cost $ 824 $ 758 Variable cost 109 260 Short-term lease cost 193 233 Total $ 1,126 $ 1,251
Other Information Related to Operating Leases	The table below summarizes other information related to our operating leases: Three months ended March 31, 2020 (Dollars in Thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 931 Initial recognition of right of use asset 34 Initial recognition of lease liabilities 34 Weighted average remaining lease term - operating leases, in years 2.94 Weighted average discount rate - operating leases 5.9 %
Maturity Analysis of Lease Liabilities	As of March 31, 2020, lease liability information for the Company is summarized in the following table. Maturity analysis Operating leases (In Thousands) One year or less $ 3,026 More than one year through two years 2,249 More than two years through three years 1,609 More than three years through four years 1,106 More than four years through five years 325 More than five years 961 Total lease payments 9,276 Present value discount (1,080 ) Lease liability $ 8,196

Securities Available for Sale_3

Securities Available for Sale (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)Security	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	$ 168,747,000			$ 176,903,000
Gross unrealized gains	5,714,000			2,993,000
Gross unrealized losses	(2,972,000)			(1,420,000)
Fair Value	171,489,000			178,476,000
Amortized cost of investment securities by contractual maturity [Abstract]
Due within one year	3,497,000
Due after one year through five years	35,518,000
Due after five years through ten years	13,126,000
Due after ten years	10,641,000
Mortgage-related securities	105,965,000
Amortized Cost	168,747,000			176,903,000
Fair value of investment securities by contractual maturity [Abstract]
Due within one year	3,502,000
Due after one year through five years	36,203,000
Due after five years through ten years	13,984,000
Due after ten years	7,827,000
Mortgage-related securities	109,973,000
Fair Value	171,489,000			178,476,000
Gross gains and losses from sales of investment securities available for sale [Abstract]
Proceeds from sales of investment securities			$ 0
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0			24,752,000
12 months or longer	7,028,000			18,909,000
Fair value	7,028,000			43,661,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0				$ (157,000)
12 months or longer	(2,972,000)				(1,263,000)
Unrealized loss	(2,972,000)				(1,420,000)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Credit-related impairments on securities as of beginning of period	94,000			94,000
Credit related impairments related to a security for which other-than-temporaryimpairment was not previously recognized	0			0
Credit-related impairments on securities as of end of period	94,000			94,000
Amortized Cost	116,000
Mortgage-Backed Securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	30,857,000			33,773,000
Gross unrealized gains	1,243,000			422,000
Gross unrealized losses	0			(45,000)
Fair Value	32,100,000			34,150,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	30,857,000			33,773,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	32,100,000			34,150,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0			2,929,000
12 months or longer	0			2,849,000
Fair value	0			5,778,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0				(20,000)
12 months or longer	0				(25,000)
Unrealized loss	0				(45,000)
Collateralized Mortgage Obligations, Government Sponsored Enterprise Issued [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	75,108,000			81,232,000
Gross unrealized gains	2,765,000			776,000
Gross unrealized losses	0			(254,000)
Fair Value	77,873,000			81,754,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	75,108,000			81,232,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	77,873,000			81,754,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0			21,723,000
12 months or longer	0			7,180,000
Fair value	0			28,903,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0				(136,000)
12 months or longer	0				(118,000)
Unrealized loss	0				(254,000)
Mortgage-Related Securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	105,965,000			115,005,000
Gross unrealized gains	4,008,000			1,198,000
Gross unrealized losses	0			(299,000)
Fair Value	109,973,000			115,904,000
Securities pledged as collateral to secure repurchase agreements or related to mortgage banking activities	1,100,000				1,200,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	105,965,000			115,005,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	109,973,000			115,904,000
Municipal Securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	50,282,000			51,898,000
Gross unrealized gains	1,680,000			1,795,000
Gross unrealized losses	0			(1,000)
Fair Value	51,962,000			53,692,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	50,282,000			51,898,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	51,962,000			53,692,000
Gross gains and losses from sales of investment securities available for sale [Abstract]
Proceeds from sales of investment securities		$ 0
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0			100,000
12 months or longer	0			0
Fair value	0			100,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0				(1,000)
12 months or longer	0				0
Unrealized loss	0				(1,000)
Other Debt Securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	12,500,000			10,000,000
Gross unrealized gains	26,000			0
Gross unrealized losses	(2,972,000)			(1,120,000)
Fair Value	9,554,000			8,880,000
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	12,500,000			10,000,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	9,554,000			8,880,000
Fair value of securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0			0
12 months or longer	7,028,000			8,880,000
Fair value	7,028,000			8,880,000
Unrealized loss on securities available for sale in a continuous unrealized loss position [Abstract]
Less than 12 months	0				0
12 months or longer	(2,972,000)				(1,120,000)
Unrealized loss	(2,972,000)				$ (1,120,000)
Debt Securities [Member]
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	62,782,000			61,898,000
Gross unrealized gains	1,706,000			1,795,000
Gross unrealized losses	(2,972,000)			(1,121,000)
Fair Value	$ 61,516,000			62,572,000
Number of securities that were in unrealized loss position twelve months or longer | Security	1
Amortized cost of investment securities by contractual maturity [Abstract]
Amortized Cost	$ 62,782,000			61,898,000
Fair value of investment securities by contractual maturity [Abstract]
Fair Value	$ 61,516,000			$ 62,572,000

Loans Receivable, Part I (Detai

Loans Receivable, Part I (Details) $ in Thousands	Mar. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)Loan
Mortgage Loans [Abstract]
Loans receivable	$ 1,409,378	$ 1,388,031
Loans receivable pledged as collateral	1,080	1,070
Advances by Federal Home Loan Bank	510,000	470,000
Loans outstanding to related parties	$ 6,300	$ 6,300
Number of loans impaired | Loan	0	0
Residential Real Estate [Member] | One-to-Four Family [Member]
Mortgage Loans [Abstract]
Loans receivable	$ 479,259	$ 480,280
Residential Real Estate [Member] | Multi Family [Member]
Mortgage Loans [Abstract]
Loans receivable	588,555	584,859
Residential Real Estate [Member] | Home Equity [Member]
Mortgage Loans [Abstract]
Loans receivable	17,649	18,071
Construction and Land [Member]
Mortgage Loans [Abstract]
Loans receivable	44,655	37,033
Commercial Real Estate [Member]
Mortgage Loans [Abstract]
Loans receivable	246,370	236,703
Consumer [Member]
Mortgage Loans [Abstract]
Loans receivable	890	832
Commercial Loans [Member]
Mortgage Loans [Abstract]
Loans receivable	$ 32,000	$ 30,253

Loans Receivable, Part II (Deta

Loans Receivable, Part II (Details) - USD ($)		Mar. 31, 2020	Dec. 31, 2019
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		$ 11,025,000	$ 6,465,000
Current	[1]	1,398,353,000	1,381,566,000
Total Loans		1,409,378,000	1,388,031,000
Loan Receivable, Nonaccrual Status		1,200,000	2,000,000
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]	5,818,000	1,185,000
Loan Receivable, Nonaccrual Status		525,000	53,000
60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	80,000	648,000
Loan Receivable, Nonaccrual Status		0	291,000,000,000
Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		5,127,000	4,632,000
Residential Real Estate [Member] | One-to-Four Family [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		10,200,000	5,786,000
Current	[1]	469,059,000	474,494,000
Total Loans		479,259,000	480,280,000
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]	5,462,000	1,179,000
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]	80,000	638,000
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		4,658,000	3,969,000
Residential Real Estate [Member] | Multi Family [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		356,000	360,000
Current	[1]	588,199,000	584,499,000
Total Loans		588,555,000	584,859,000
Residential Real Estate [Member] | Multi Family [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	0	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	0
Residential Real Estate [Member] | Multi Family [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		356,000	360,000
Residential Real Estate [Member] | Home Equity [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		377,000	10,000
Current	[1]	17,272,000	18,061,000
Total Loans		17,649,000	18,071,000
Residential Real Estate [Member] | Home Equity [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	334,000	0
Residential Real Estate [Member] | Home Equity [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	10,000
Residential Real Estate [Member] | Home Equity [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		43,000	0
Construction and Land [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	0
Current	[1]	44,655,000	37,033,000
Total Loans		44,655,000	37,033,000
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	0
Commercial Real Estate [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		70,000	303,000
Current	[1]	246,300,000	236,400,000
Total Loans		246,370,000	236,703,000
Commercial Real Estate [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	0	0
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		70,000	303,000
Consumer [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		0	0
Current	[1]	890,000	832,000
Total Loans		890,000	832,000
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		22,000	6,000
Current	[1]	31,978,000	30,247,000
Total Loans		32,000,000	30,253,000
Commercial Loans [Member] | 1 to 59 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[2]	22,000	6,000
Commercial Loans [Member] | 60 to 89 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due	[3]	0	0
Commercial Loans [Member] | Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, aging [Abstract]
Total Past Due		$ 0	$ 0
[1]	Includes $1.9 million and $4.4 million at June 30, 2017 and December 31, 2016, respectively, which are on non-accrual status.
[2]	Includes $59,000 and $148,000 at June 30, 2017 and December 31, 2016, respectively, which are on non-accrual status.
[3]	Includes $1.3 million and $- at June 30, 2017 and December 31, 2016, respectively, which are on non-accrual status.

Loans Receivable, Part III (Det

Loans Receivable, Part III (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Allowance for loan losses [Roll Forward]
Balance at beginning of period	$ 12,387	$ 13,249
Provision (credit) for loan losses	785	(680)
Charge-offs	(7)	(32)
Recoveries	61	24
Balance at end of period	13,226	12,561
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			$ 31	$ 39
Allowance related to loans collectively evaluated for impairment			13,195	12,348
Provision for loan losses	13,226	12,561	13,226	12,387
Loans individually evaluated for impairment			9,819	10,057
Loans collectively evaluated for impairment			1,399,559	1,377,974
Total gross loans			1,409,378	1,388,031
Total loans			1,409,378	1,388,031
Residential Real Estate [Member] | One-to-Four Family [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	4,907	5,742
Provision (credit) for loan losses	(234)	(550)
Charge-offs	(6)	(24)
Recoveries	47	13
Balance at end of period	4,714	5,181
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			29	32
Allowance related to loans collectively evaluated for impairment			4,685	4,875
Provision for loan losses	4,714	5,181	4,714	4,907
Loans individually evaluated for impairment			8,439	8,725
Loans collectively evaluated for impairment			470,820	471,555
Total gross loans			479,259	480,280
Total loans			479,259	480,280
Residential Real Estate [Member] | Multi Family [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	4,138	4,153
Provision (credit) for loan losses	160	174
Charge-offs	0	0
Recoveries	3	4
Balance at end of period	4,301	4,331
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			4,301	4,138
Provision for loan losses	4,301	4,331	4,301	4,138
Loans individually evaluated for impairment			647	667
Loans collectively evaluated for impairment			587,908	584,192
Total gross loans			588,555	584,859
Total loans			588,555	584,859
Residential Real Estate [Member] | Home Equity [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	201	325
Provision (credit) for loan losses	32	(47)
Charge-offs	0	(8)
Recoveries	6	6
Balance at end of period	239	276
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			239	201
Provision for loan losses	239	276	239	201
Loans individually evaluated for impairment			387	84
Loans collectively evaluated for impairment			17,262	17,987
Total gross loans			17,649	18,071
Total loans			17,649	18,071
Construction and Land [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	610	400
Provision (credit) for loan losses	76	(47)
Charge-offs	0	0
Recoveries	1	0
Balance at end of period	687	353
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			687	610
Provision for loan losses	687	353	687	610
Loans individually evaluated for impairment			0	0
Loans collectively evaluated for impairment			44,655	37,033
Total gross loans			44,655	37,033
Total loans			44,655	37,033
Commercial Real Estate [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	2,145	2,126
Provision (credit) for loan losses	654	(122)
Charge-offs	0	0
Recoveries	4	1
Balance at end of period	2,803	2,005
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			2	7
Allowance related to loans collectively evaluated for impairment			2,801	2,138
Provision for loan losses	2,803	2,005	2,803	2,145
Loans individually evaluated for impairment			346	581
Loans collectively evaluated for impairment			246,024	236,122
Total gross loans			246,370	236,703
Total loans			246,370	236,703
Consumer [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	14	20
Provision (credit) for loan losses	10	(13)
Charge-offs	(1)	0
Recoveries	0	0
Balance at end of period	23	7
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			23	14
Provision for loan losses	23	7	23	14
Loans individually evaluated for impairment			0	0
Loans collectively evaluated for impairment			890	832
Total gross loans			890	832
Total loans			890	832
Commercial Loans [Member]
Allowance for loan losses [Roll Forward]
Balance at beginning of period	372	483
Provision (credit) for loan losses	87	(75)
Charge-offs	0	0
Recoveries	0	0
Balance at end of period	459	408
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			459	372
Provision for loan losses	$ 459	$ 408	459	372
Loans individually evaluated for impairment			0	0
Loans collectively evaluated for impairment			32,000	30,253
Total gross loans			32,000	30,253
Total loans			$ 32,000	$ 30,253

Loans Receivable, Part IV (Deta

Loans Receivable, Part IV (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2019
Loans and Leases Receivable [Abstract]
At December 31, 2016	$ 1,409,378,000			$ 1,388,031,000
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	$ 217,000			224,000
Total Impaired, with no Reserve, Recorded Investment	9,602,000			9,833,000
Total Impaired, Recorded Investment	9,819,000			10,057,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	626,000			633,000
Total Impaired with no Reserve, Unpaid Principal Balance	11,443,000			11,680,000
Total Impaired, Unpaid Principal Balance, Total	12,069,000			12,313,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	31,000			39,000
Total Impaired with no Reserve, Reserve	0			0
Impaired Loans, Reserve	31,000			39,000
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	1,841,000			1,847,000
Total Impaired, Cumulative Charge-offs	2,250,000			2,256,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment		$ 221,000	$ 3,270,000
Total Impaired with no Reserve, Average Recorded Investment		9,658,000	9,139,000
Total Impaired, Average Recorded Investment, Total		9,879,000	12,409,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		14,000	44,000
Total Impaired with no Reserve, Interest Paid YTD		123,000	139,000
Total Impaired, Interest Paid YTD		137,000	183,000
Charge-offs recorded to reduce the unpaid principal balance	1,800,000
Total impaired loans including troubled debt restructurings	3,929,000			4,018,000
Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	10,750,000			11,013,000
Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	7,301,000			8,237,000
Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	1,391,327,000			1,368,781,000
Residential Real Estate [Member] | One-to-Four Family [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	479,259,000			480,280,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	215,000			217,000
Total Impaired, with no Reserve, Recorded Investment	8,224,000			8,508,000
Total Impaired, Recorded Investment	8,439,000			8,725,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	215,000			217,000
Total Impaired with no Reserve, Unpaid Principal Balance	9,242,000			9,531,000
Total Impaired, Unpaid Principal Balance, Total	9,457,000			9,748,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	29,000			32,000
Total Impaired with no Reserve, Reserve	0			0
Impaired Loans, Reserve	29,000			32,000
Impaired Loans Receivable, Cumulative Charge Offs [Abstract]
Total Impaired with Reserve, Cumulative Charge-offs	0			0
Total Impaired with no Reserve, Cumulative Charge-offs	1,018,000			1,023,000
Total Impaired, Cumulative Charge-offs	1,018,000			1,023,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment		216,000	354,000
Total Impaired with no Reserve, Average Recorded Investment		8,265,000	7,652,000
Total Impaired, Average Recorded Investment, Total		8,481,000	8,006,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		4,000	6,000
Total Impaired with no Reserve, Interest Paid YTD		98,000	114,000
Total Impaired, Interest Paid YTD		102,000	120,000
Total impaired loans including troubled debt restructurings	3,359,000			3,425,000
Residential Real Estate [Member] | One-to-Four Family [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	8,438,000			8,725,000
Residential Real Estate [Member] | One-to-Four Family [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	5,205,000			5,975,000
Residential Real Estate [Member] | One-to-Four Family [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	465,616,000			465,580,000
Residential Real Estate [Member] | Multi Family [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	588,555,000			584,859,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	0			0
Total Impaired, with no Reserve, Recorded Investment	647,000			667,000
Total Impaired, Recorded Investment	647,000			667,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	0			0
Total Impaired with no Reserve, Unpaid Principal Balance	1,470,000			1,491,000
Total Impaired, Unpaid Principal Balance, Total	1,470,000			1,491,000
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	823,000			824,000
Total Impaired, Cumulative Charge-offs	823,000			824,000
Impaired Loans Receivable, Average Recorded Investment [Abstract]
Total Impaired with Reserve, Average Recorded Investment		0	349,000
Total Impaired with no Reserve, Average Recorded Investment		656,000	945,000
Total Impaired, Average Recorded Investment, Total		656,000	1,294,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		0	10,000
Total Impaired with no Reserve, Interest Paid YTD		17,000	20,000
Total Impaired, Interest Paid YTD		17,000	30,000
Total impaired loans including troubled debt restructurings	291,000			308,000
Residential Real Estate [Member] | Multi Family [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	647,000			668,000
Residential Real Estate [Member] | Multi Family [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	0			0
Residential Real Estate [Member] | Multi Family [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	587,908,000			584,191,000
Residential Real Estate [Member] | Home Equity [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	17,649,000			18,071,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	0			0
Total Impaired, with no Reserve, Recorded Investment	387,000			84,000
Total Impaired, Recorded Investment	387,000			84,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	0			0
Total Impaired with no Reserve, Unpaid Principal Balance	387,000			84,000
Total Impaired, Unpaid Principal Balance, Total	387,000			84,000
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	86,000
Total Impaired with no Reserve, Average Recorded Investment		388,000	138,000
Total Impaired, Average Recorded Investment, Total		388,000	224,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		0	2,000
Total Impaired with no Reserve, Interest Paid YTD		4,000	1,000
Total Impaired, Interest Paid YTD		4,000	3,000
Residential Real Estate [Member] | Home Equity [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	576,000			285,000
Residential Real Estate [Member] | Home Equity [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	0			3,000
Residential Real Estate [Member] | Home Equity [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	17,073,000			17,783,000
Construction and Land [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	44,655,000			37,033,000
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
Construction and Land [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	0			0
Construction and Land [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	0			0
Construction and Land [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	44,655,000			37,033,000
Commercial Real Estate [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	246,370,000			236,703,000
Impaired Loans Receivable, Recorded Investment [Abstract]
Total Impaired, with Reserve, Recorded Investment	2,000			7,000
Total Impaired, with no Reserve, Recorded Investment	344,000			574,000
Total Impaired, Recorded Investment	346,000			581,000
Impaired Loans Receivable, Unpaid Principal Balance [Abstract]
Total Impaired with Reserve, Unpaid Principal Balance	411,000			416,000
Total Impaired with no Reserve, Unpaid Principal Balance	344,000			574,000
Total Impaired, Unpaid Principal Balance, Total	755,000			990,000
Impaired Loans Receivable, Reserve [Abstract]
Total Impaired with Reserve, Reserve	2,000			7,000
Total Impaired with no Reserve, Reserve	0			0
Impaired Loans, Reserve	2,000			7,000
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		5,000	2,481,000
Total Impaired with no Reserve, Average Recorded Investment		349,000	388,000
Total Impaired, Average Recorded Investment, Total		354,000	2,869,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		10,000	26,000
Total Impaired with no Reserve, Interest Paid YTD		4,000	4,000
Total Impaired, Interest Paid YTD		14,000	30,000
Total impaired loans including troubled debt restructurings	279,000			285,000
Commercial Real Estate [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	346,000			581,000
Commercial Real Estate [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	1,397,000			1,412,000
Commercial Real Estate [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	244,627,000			234,710,000
Consumer [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	890,000			832,000
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 and Leases Receivable [Abstract]
At December 31, 2016	0			0
Consumer [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	0			0
Consumer [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	890,000			832,000
Commercial Loans [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	32,000,000			30,253,000
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	16,000
Total Impaired, Average Recorded Investment, Total		0	16,000
Impaired Loans Receivable, Interest Paid YTD [Abstract]
Total Impaired with Reserve, Interest Paid YTD		0	0
Total Impaired with no Reserve, Interest Paid YTD		0	0
Total Impaired, Interest Paid YTD		$ 0	$ 0
Commercial Loans [Member] | Substandard [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	743,000			754,000
Commercial Loans [Member] | Watch [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	699,000			847,000
Commercial Loans [Member] | Pass [Member]
Loans and Leases Receivable [Abstract]
At December 31, 2016	$ 30,558,000			$ 28,652,000

Loans Receivable, Part V (Detai

Loans Receivable, Part V (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)LoanPayment	Mar. 31, 2019USD ($)Loan	Dec. 31, 2019USD ($)Loan
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 3,929,000		$ 4,018,000
Total number of troubled debt restructurings | Loan	10		11
Valuation allowance with respect to troubled debt restructurings	$ 2,000		$ 7,000
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	$ 3,927,000		$ 3,570,000
Number of loans performing in accordance with modified terms | Loan	9		9
Loans Receivable, Modifications, Loans in Default	$ 2,000		$ 448,000
Number of Loans in Default | Loan	1		2
Loans Receivable, Modifications, Total	$ 3,929,000		$ 4,018,000
Number of Loans, Total | Loan	10		11
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	$ 6,802,000		$ 7,025,000
Ratio of total non-accrual loans to total loans, net of allowance	0.48%		0.51%
Ratio of total non-accrual loans to total assets	0.33%		0.35%
Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 3,017,000		$ 3,018,000
Total number of troubled debt restructurings | Loan	3		3
Non-Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 912,000		$ 1,000,000
Total number of troubled debt restructurings | Loan	7		8
Interest Reduction and Principal Forbearance [Member]
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms	$ 3,610,000		$ 3,246,000
Number of loans performing in accordance with modified terms | Loan	6		6
Loans Receivable, Modifications, Loans in Default	$ 2,000		$ 448,000
Number of Loans in Default | Loan	1		2
Loans Receivable, Modifications, Total	$ 3,612,000		$ 3,694,000
Number of Loans, Total | Loan	7		8
Interest Reduction [Member]
Troubled Debt Restructurings by Concession Type [Abstract]
Loans Receivable, Modifications, Loans Performing in Accordance with Modified Terms	$ 317,000		$ 324,000
Number of loans performing in accordance with modified terms | Loan	3		3
Loans Receivable, Modifications, Loans in Default	$ 0		$ 0
Number of Loans in Default | Loan	0		0
Loans Receivable, Modifications, Total	$ 317,000		$ 324,000
Number of Loans, Total | Loan	3		3
Residential Real Estate [Member] | One-to-Four Family [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 3,359,000		$ 3,425,000
Total number of troubled debt restructurings | Loan	6		7
Non accrual Loans [Abstract]
Total non-accrual loans	$ 5,698,000		$ 5,985,000
Residential Real Estate [Member] | One-to-Four Family [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 2,740,000		$ 2,740,000
Total number of troubled debt restructurings | Loan	2		2
Residential Real Estate [Member] | One-to-Four Family [Member] | Non-Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 619,000		$ 685,000
Total number of troubled debt restructurings | Loan	4		5
Residential Real Estate [Member] | Multi Family [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 291,000		$ 308,000
Total number of troubled debt restructurings | Loan	2		2
Non accrual Loans [Abstract]
Total non-accrual loans	$ 647,000		$ 667,000
Residential Real Estate [Member] | Multi Family [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 0		$ 0
Total number of troubled debt restructurings | Loan	0		0
Residential Real Estate [Member] | Multi Family [Member] | Non-Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 291,000		$ 308,000
Total number of troubled debt restructurings | Loan	2		2
Residential Real Estate [Member] | Home Equity [Member]
Non accrual Loans [Abstract]
Total non-accrual loans	$ 387,000		$ 70,000
Construction and Land [Member]
Non accrual Loans [Abstract]
Total non-accrual loans	0		0
Commercial Real Estate [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 279,000		$ 285,000
Total number of troubled debt restructurings | Loan	2		2
Non accrual Loans [Abstract]
Total non-accrual loans	$ 70,000		$ 303,000
Commercial Real Estate [Member] | Accruing [Member]
Troubled Debt Restructuring Note, Debtor [Abstract]
Amount of troubled debt restructuring	$ 277,000		$ 278,000
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	$ 2,000		$ 7,000
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	$ 0		$ 0

Real Estate Owned (Details)

Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Real estate owned, net	$ 702	$ 1,649	$ 748	$ 2,152
Transferred from loans receivable	0	30
Sales	(46)	(533)
Write downs	0	0
Other	0	$ 0
Mortgage loans in process of foreclosure	2,300		2,300
One-to-Four Family [Member]
Real Estate [Abstract]
Real estate owned, net	0		46
Multi Family [Member]
Real Estate [Abstract]
Real estate owned, net	0		0
Construction and Land [Member]
Real Estate [Abstract]
Real estate owned, net	1,256		1,256
Commercial Real Estate [Member]
Real Estate [Abstract]
Real estate owned, net	0		0
Real Estate Owned Prior To Valuation Allowance [Member]
Real Estate [Abstract]
Real estate owned, net	1,256		1,302
Valuation Allowance, Real Estate Owned [Member]
Real Estate [Abstract]
Valuation allowance at end of period	$ (554)		$ (554)

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Mortgage servicing rights [Roll Forward]
Mortgage servicing rights at beginning of the period	$ 282	$ 109
Additions	58	97
Amortization	(51)	(10)
Sales	0	0
Mortgage servicing rights at end of the period	289	196
Valuation allowance at end of period	(53)	(57)
Mortgage servicing rights at end of the period, net	236	139
Estimated future servicing rights amortization expense by period [Abstract]
2019	48
2020	47
2021	40
2022	35
2023	29
Thereafter	37
Total	236
MSR Sales [Abstract]
Loans originated for sale	687,690
Sales of loans held for sale	676,920
Generated mortgage banking income	30,400
Loans sold on a servicing retained basis	72,500		$ 64,900
Sold mortgage servicing rights	$ 0	$ 0

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Deposits [Abstract]
Time deposits, greater than $250,000	$ 70,400	$ 70,600
Summary of the contractual maturities of time deposits [Abstract]
Within one year	704,255
More than one to two years	20,874
More than two to three years	2,504
More than three to four years	868
More than four through five years	869
Time deposits	$ 729,370	$ 739,771

Borrowings (Details)

Borrowings (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Advance	Dec. 31, 2019USD ($)
Debt Instruments [Abstract]
Short-term borrowings	$ 40,000
Long-term borrowings	522,180	$ 483,562
Total commitment on repurchase agreements	$ 35,000
Percentage of carrying value of qualifying one-to-four family loans	80.00%
Percentage of carrying value of qualifying home equity loans	75.00%
Percentage of carrying value of qualifying multi-family loans	64.00%
FHLBC stock as collateral	$ 23,000	21,200
Federal Home Loan Bank, Chicago [Member]
Debt Instruments [Abstract]
Short-term borrowings	$ 40,000	$ 0
Weighted average rate	0.22%	0.00%
Federal Home Loan Bank, Chicago Advances [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 522,180	$ 483,562
Weighted average rate	1.94%	2.11%
Repurchase Agreements [Member]
Debt Instruments [Abstract]
Short-term borrowings	$ 12,180	$ 13,562
Weighted average rate	3.87%	4.66%
Short Term Debt, Maturing on June 30, 2020 [Member]
Debt Instruments [Abstract]
Short-term borrowings	$ 20,000
Maturity date	Jun. 30, 2020
Interest rate	0.20%
Number of short-term borrowings advances | Advance	1
Short Term Debt, Maturing on June 01, 2020 [Member]
Debt Instruments [Abstract]
Short-term borrowings	$ 15,000
Maturity date	Jun. 1, 2020
Interest rate	0.20%
Number of short-term borrowings advances | Advance	1
Short Term Debt, Maturing on April 01, 2020 [Member]
Debt Instruments [Abstract]
Short-term borrowings	$ 5,000
Maturity date	Apr. 1, 2020
Interest rate	0.32%
Number of short-term borrowings advances | Advance	1
Long Term Debt Maturing 2027 [Member] | Federal Home Loan Bank, Chicago [Member]
Debt Instruments [Abstract]
FHLB, year of maturity	2027
Long Term Debt Maturing 2027 [Member] | Federal Home Loan Bank, Chicago Advances [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000	$ 50,000
Weighted average rate	1.73%	1.73%
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in March 2020 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 25,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	1
FHLB, interest rate	2.16%
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in March 2021 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 55,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	2
FHLB, interest rate	2.27%
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in May 2020 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 25,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	1
FHLB, interest rate	2.40%
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in May 2021 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	2
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in May 2021 [Member] | Minimum [Member]
Debt Instruments [Abstract]
FHLB, interest rate	2.34%
Long Term Debt Maturing 2028 [Member] | FHLB Single Call Option in May 2021 [Member] | Maximum [Member]
Debt Instruments [Abstract]
FHLB, interest rate	2.48%
Long Term Debt Maturing 2028 [Member] | FHLB Quarterly Call Option in June 2020 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	1
FHLB, interest rate	2.34%
Long Term Debt Maturing 2028 [Member] | FHLB Quarterly Call Option in September 2020 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000
FHLB, year of maturity	2028
Number of FHLB advances | Advance	1
FHLB, interest rate	2.57%
Long Term Debt Maturing 2028 [Member] | Federal Home Loan Bank, Chicago Advances [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 255,000	$ 255,000
Weighted average rate	2.37%	2.37%
Long Term Debt Maturing 2029 [Member] | FHLB Quarterly Call Option in May 2022 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000
FHLB, year of maturity	2029
Number of FHLB advances | Advance	1
FHLB, interest rate	1.98%
Long Term Debt Maturing 2029 [Member] | FHLB Quarterly Call Option in August 2021 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 50,000
FHLB, year of maturity	2029
Number of FHLB advances | Advance	1
FHLB, interest rate	1.75%
Long Term Debt Maturing 2029 [Member] | FHLB Quarterly Call Option in November 2020 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 25,000
FHLB, year of maturity	2029
Number of FHLB advances | Advance	1
FHLB, interest rate	1.52%
Long Term Debt Maturing 2029 [Member] | FHLB Quarterly Call Option [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 40,000
FHLB, year of maturity	2029
Number of FHLB advances | Advance	1
FHLB, interest rate	1.02%
Long Term Debt Maturing 2029 [Member] | Federal Home Loan Bank, Chicago Advances [Member] | Long Term FHLB maturing 2029 [Member]
Debt Instruments [Abstract]
Long-term borrowings	$ 165,000	$ 165,000
Weighted average rate	1.61%	1.61%

Regulatory Capital (Details)

Regulatory Capital (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Actual and Required Capital Amounts and Ratios [Abstract]
Total capital (to risk-weighted assets)	$ 382,887	$ 404,748
Tier I capital (to risk-weighted assets)		392,361
Common Equity Tier 1 Capital (to risk-weighted assets)	369,661	392,361
Tier I capital (to average assets)	$ 369,661	$ 392,361
Total capital (to risk-weighted assets) Ratio	23.87%	26.17%
Tier I capital (to risk-weighted assets) Ratio		25.37%
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	23.05%	25.37%
Tier I capital (to average assets) Ratio	18.37%	19.69%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 128,310	$ 123,731
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes		92,799
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes	72,174	69,599
Tier I capital (to average assets), For Capital Adequacy Purposes	$ 80,491	$ 79,691
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%
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	$ 168,406	$ 162,398
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer		131,465
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 112,271	$ 108,265
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio		8.50%
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	7.00%	7.00%
Waterstone Bank [Member]
Actual and Required Capital Amounts and Ratios [Abstract]
Total capital (to risk-weighted assets)	$ 360,470	$ 353,357
Tier I capital (to risk-weighted assets)	347,244	340,970
Common Equity Tier 1 Capital (to risk-weighted assets)	347,244	340,970
Tier I capital (to average assets)	347,244	340,970
State of Wisconsin (to total assets)	$ 347,244	$ 340,970
Total capital (to risk-weighted assets) Ratio	22.48%	22.85%
Tier I capital (to risk-weighted assets) Ratio	21.65%	22.05%
Common Equity Tier 1 capital (to risk-weighted assets) Ratio	21.65%	22.05%
Tier I capital (to average assets) Ratio	17.26%	17.11%
State of Wisconsin (to total assets) Ratio	16.92%	17.11%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 128,310	$ 123,716
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes	96,232	92,787
Common Equity Tier I capital (to risk weighted assets), For Capital Adequacy Purposes	72,174	69,590
Tier I capital (to average assets), For Capital Adequacy Purposes	80,491	79,691
State of Wisconsin (to total assets), For Capital Adequacy Purposes	$ 123,158	$ 119,590
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	$ 168,406	$ 162,378
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	136,329	131,449
Common Equity Tier I capital (to risk weighted assets) Minimum Capital Adequacy with Capital Buffer	$ 112,271	$ 108,252
Total capital (to risk-weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	10.50%	10.50%
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.50%	8.50%
Common Equity Tier I capital (to risk weighted), Minimum Capital Adequacy with Capital Buffer Ratio	7.00%	7.00%
Total capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 160,387	$ 154,646
Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	128,310	123,716
Common Equity Tier I capital (to risk-weighted assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	104,251	100,520
Tier I capital (to average assets), To Be Well-Capitalized Under Prompt Corrective Action Provisions	$ 100,614	$ 99,614
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%
Consolidated Waterstone Financial, Inc. [Member]
Actual and Required Capital Amounts and Ratios [Abstract]
Tier I capital (to risk-weighted assets)	$ 369,661
Tier I capital (to risk-weighted assets) Ratio	23.05%
Tier I capital (to risk-weighted assets), For Capital Adequacy Purposes	$ 96,232
Tier I capital (to risk-weighted assets), For Capital Adequacy Ratio	6.00%
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer	$ 136,329
Tier I capital (to risk weighted assets), Minimum Capital Adequacy with Capital Buffer Ratio	8.50%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Taxes [Abstract]
Income tax expense	$ 1,928	$ 1,982
Income before income taxes	$ 7,997	$ 8,524
Effective tax rate	24.10%	23.30%

Commitments, Off-Balance Shee_3

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities, Commitments and Off-Balance Sheet Arrangements (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Period of home equity loans available to the borrower		10 years
Maximum [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Period of commitments for loans extended to customers		90 days
Period of construction loans available to the borrower		1 year
Commitments to Extend Credit Under Amortizing Loans [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Off-balance sheet risks asset amount	[1]	$ 17,185	$ 13,389
Probable losses		0	0
Commitments to Extend Credit Under Home Equity Lines of Credit [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Off-balance sheet risks asset amount	[2]	12,817	13,776
Probable losses		0	0
Unused Portion of Construction Loans [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Off-balance sheet risks asset amount	[3]	81,912	90,439
Unused Portion of Business Lines of Credit [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Off-balance sheet risks asset amount		18,367	14,623
Standby Letters of Credit [Member]
Fair Value, Off-Balance Sheet Arrangements, and Contingent Loss [Abstract]
Off-balance sheet risks liability amount		820	885
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.

Commitments, Off-Balance Shee_4

Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities, Contingent Liabilities (Details)	Dec. 08, 2017USD ($)	May 31, 2019USD ($)Claimant	Mar. 31, 2020USD ($)
Loss Contingencies [Abstract]
Amount of damages awarded to plaintiff	$ 7,267,919
Attorney fees	3,298,851
Incentive fees	$ 20,000
Amount of damages sought		$ 55,000
Amount of damages to be paid			$ 14,952
Number of claimants | Claimant		89

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Forward Commitments to Sell Mortgage Loans [Member]
Derivative [Abstract]
Aggregate notional amount of derivatives	$ 698,600,000	$ 345,000,000
Gain (loss) reported as a component of other assets	(9,500,000)	3,000,000
Interest Rate Lock Commitments [Member]
Derivative [Abstract]
Aggregate notional amount of derivatives	499,400,000	174,300,000
Gain (loss) reported as a component of other assets	8,000,000	1,800,000
Interest Rate Swap [Member] | Dealer Counterparties [Member]
Derivative [Abstract]
Aggregate notional amount of derivatives	30,800,000	30,900,000
Interest Rate Swap [Member] | Commercial Borrower [Member]
Derivative [Abstract]
Aggregate notional amount of derivatives	30,800,000	30,900,000
Interest Rate Swap [Member] | Other Assets [Member] | Commercial Borrower [Member]
Derivative [Abstract]
Derivative asset, notional amount	3,800,000	680,000
Interest Rate Swap [Member] | Other Liabilities [Member] | Dealer Counterparties [Member]
Derivative [Abstract]
Derivative Liability, Notional Amount	3,800,000	680,000
Fair Value Hedging [Member]
Derivative [Abstract]
Derivative fair value	$ 4,100,000	$ 710,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares of common stock (in shares)	113,000	100,000
Basic and Diluted Earnings Per Share Calculations [Abstract]
Net income	$ 6,069	$ 6,542
Weighted average shares outstanding (in shares)	25,405,000	26,499,000
Effect of dilutive potential common shares (in shares)	207,000	221,000
Diluted weighted average shares outstanding (in shares)	25,612,000	26,720,000
Basic income per share (in dollars per share)	$ 0.24	$ 0.25
Diluted income per share (in dollars per share)	$ 0.24	$ 0.24

Fair Value Measurements, Fair V

Fair Value Measurements, Fair Value of Assets and Liabilities Measured On Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Available for sale securities [Abstract]
Loans held for sale		$ 262,736	$ 220,123
Recurring [Member]
Available for sale securities [Abstract]
Mortgage-backed securities		32,100	34,150
Collateralized mortgage obligations, Government sponsored enterprise issued		77,873	81,754
Municipal securities		51,962	53,692
Other debt securities		9,554	8,880
Loans held for sale		262,736	220,123
Mortgage banking derivative assets		8,018	1,835
Interest rate swap assets		3,765	680
Mortgage banking derivatives liabilities		9,465	0
Interest rate swap liabilities		3,765	680
Recurring [Member] | Level 1 [Member]
Available for sale securities [Abstract]
Mortgage-backed securities		0	0
Collateralized mortgage obligations, Government sponsored enterprise issued		0	0
Municipal securities		0	0
Other debt securities		0	0
Loans held for sale		0	0
Mortgage banking derivative assets		0	0
Interest rate swap assets		0	0
Mortgage banking derivatives liabilities		0	0
Interest rate swap liabilities		0	0
Recurring [Member] | Level 2 [Member]
Available for sale securities [Abstract]
Mortgage-backed securities		32,100	34,150
Collateralized mortgage obligations, Government sponsored enterprise issued		77,873	81,754
Municipal securities		51,962	53,692
Other debt securities		9,554	8,880
Loans held for sale		262,736	220,123
Mortgage banking derivative assets		0	0
Interest rate swap assets		3,765	680
Mortgage banking derivatives liabilities		0	0
Interest rate swap liabilities		3,765	680
Recurring [Member] | Level 3 [Member]
Available for sale securities [Abstract]
Mortgage-backed securities		0	0
Collateralized mortgage obligations, Government sponsored enterprise issued		0	0
Municipal securities		0	0
Other debt securities		0	0
Loans held for sale		0	0
Mortgage banking derivative assets		8,018	1,835
Interest rate swap assets		0	0
Mortgage banking derivatives liabilities		9,465	0
Interest rate swap liabilities		0	0
Non-Recurring [Member]
Available for sale securities [Abstract]
Impaired loans, net	[1]	186	185
Real estate owned		702	748
Mortgage Servicing Rights, Impaired, Valuation Allowance		236	206
Non-Recurring [Member] | Level 1 [Member]
Available for sale securities [Abstract]
Impaired loans, net	[1]	0	0
Real estate owned		0	0
Mortgage Servicing Rights, Impaired, Valuation Allowance		0	0
Non-Recurring [Member] | Level 2 [Member]
Available for sale securities [Abstract]
Impaired loans, net	[1]	0	0
Real estate owned		0	0
Mortgage Servicing Rights, Impaired, Valuation Allowance		0	0
Non-Recurring [Member] | Level 3 [Member]
Available for sale securities [Abstract]
Impaired loans, net	[1]	186	185
Real estate owned		702	748
Mortgage Servicing Rights, Impaired, Valuation Allowance		$ 236	$ 206
[1]	Represents collateral-dependent impaired loans, net, which are included in loans.

Fair Value Measurements, Fair_2

Fair Value Measurements, Fair Value of Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Assets measured on recurring basis, unobservable input reconciliation [Roll Forward]
Loans, impaired, outstanding balance	$ 217,000,000,000		$ 224,000,000
Loans, impaired, specific reserve	31,000,000,000		$ 39,000,000
Real estate owned, change in fair value	0	$ 0
Mortgage Banking Derivatives, Net [Member]
Assets measured on recurring basis, unobservable input reconciliation [Roll Forward]
Beginning balance	1,835,000	898,000
Mortgage derivative gain (loss), net		1,238,000
Ending balance		$ 2,136,000
Mortgage Banking Derivatives, Net [Member] | Recurring [Member]
Assets measured on recurring basis, unobservable input reconciliation [Roll Forward]
Mortgage derivative gain (loss), net	(3,282,000)
Ending balance	$ (1,447,000)

Fair Value Measurements, Valuat

Fair Value Measurements, Valuation Techniques (Details) - Non-Recurring [Member]	Mar. 31, 2020USD ($)
Cost To Service [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Servicing asset	$ 81.68
Cost To Service [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Servicing asset	246.86
Cost To Service [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Servicing asset	92.08
Mortgage Banking Derivatives [Member] | Pricing Models [Member]
Fair Value Measurement Inputs [Abstract]
Fair value	$ (1,447,000)
Mortgage Banking Derivatives [Member] | Pricing Models [Member] | Pull Through Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0
Mortgage Banking Derivatives [Member] | Pricing Models [Member] | Pull Through Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.92
Mortgage Banking Derivatives [Member] | Pricing Models [Member] | Pull Through Rate [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.71
Impaired Loans [Member] | Market Approach [Member]
Fair Value Measurement Inputs [Abstract]
Fair value	$ 217,000
Impaired Loans [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.15
Impaired Loans [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.15
Impaired Loans [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.15
Real Estate Owned [Member] | Market Approach [Member]
Fair Value Measurement Inputs [Abstract]
Fair value	$ 702,000
Real Estate Owned [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.35
Real Estate Owned [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.65
Real Estate Owned [Member] | Market Approach [Member] | Discount Rate Applied to Appraisals [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.58
Mortgage Servicing Rights [Member] | Pricing Models [Member]
Fair Value Measurement Inputs [Abstract]
Fair value	$ 236,000
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Prepayment Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.020
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Prepayment Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.364
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Prepayment Rate [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.267
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Discount Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.110
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Discount Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.124
Mortgage Servicing Rights [Member] | Pricing Models [Member] | Discount Rate [Member] | Weighted Average [Member]
Fair Value Measurement Inputs [Abstract]
Unobservable Input	0.112

Fair Value Measurements, Balanc

Fair Value Measurements, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Assets [Abstract]
Securities available-for-sale	$ 171,489	$ 178,476
Loans held for sale	262,736	220,123
Financial Liabilities [Abstract]
Advance payments by borrowers for taxes	12,966	4,212
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and cash equivalents	59,124	74,300
Securities available-for-sale	171,489	178,476
Loans held for sale	262,736	220,123
Loans receivable	1,409,378	1,388,031
FHLB stock	22,950	21,150
Accrued interest receivable	5,491	5,344
Mortgage servicing rights	236	282
Mortgage banking derivative assets	8,018	1,835
Interest rate swap assets	3,765	680
Financial Liabilities [Abstract]
Deposits	1,086,068	1,067,776
Advance payments by borrowers for taxes	12,966	4,212
Borrowings	522,180	483,562
Accrued interest payable	1,521	1,559
Mortgage banking derivative liabilities	9,465	0
Interest rate swap liabilities	3,765	680
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	59,124	74,300
Securities available-for-sale	171,489	178,476
Loans held for sale	262,736	220,123
Loans receivable	1,433,906	1,426,224
FHLB stock	22,950	21,150
Accrued interest receivable	5,491	5,344
Mortgage servicing rights	236	282
Mortgage banking derivative assets	8,018	1,835
Interest rate swap assets	3,765	680
Financial Liabilities [Abstract]
Deposits	1,086,828	1,070,083
Advance payments by borrowers for taxes	12,966	4,212
Borrowings	529,695	483,846
Accrued interest payable	1,521	1,559
Mortgage banking derivative liabilities	9,465	0
Interest rate swap liabilities	3,765	680
Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	51,624	65,800
Securities available-for-sale	0	0
Loans held for sale	0	0
Loans receivable	0	0
FHLB stock	0	0
Accrued interest receivable	5,491	5,344
Mortgage servicing rights	0	0
Mortgage banking derivative assets	0	0
Interest rate swap assets	0	0
Financial Liabilities [Abstract]
Deposits	356,698	328,005
Advance payments by borrowers for taxes	12,966	4,212
Borrowings	0	0
Accrued interest payable	1,521	1,559
Mortgage banking derivative liabilities	0	0
Interest rate swap liabilities	0	0
Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	7,500	8,500
Securities available-for-sale	171,489	178,476
Loans held for sale	262,736	220,123
Loans receivable	0	0
FHLB stock	22,950	21,150
Accrued interest receivable	0	0
Mortgage servicing rights	0	0
Mortgage banking derivative assets	0	0
Interest rate swap assets	3,765	680
Financial Liabilities [Abstract]
Deposits	730,130	742,078
Advance payments by borrowers for taxes	0	0
Borrowings	529,695	483,846
Accrued interest payable	0	0
Mortgage banking derivative liabilities	0	0
Interest rate swap liabilities	3,765	680
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	1,433,906	1,426,224
FHLB stock	0	0
Accrued interest receivable	0	0
Mortgage servicing rights	236	282
Mortgage banking derivative assets	8,018	1,835
Interest rate swap assets	0	0
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	9,465	0
Interest rate swap liabilities	$ 0	$ 0

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)Segment	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment	2
Net Income (Loss) [Abstract]
Net interest income	$ 12,526	$ 12,936
Provision for loan losses	785	(680)
Net interest income (loss) after provision for loan losses	11,741	13,616
Noninterest income	31,464	24,257
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	24,401	20,639
Occupancy, office furniture and equipment	2,741	2,776
FDIC insurance premiums	1,076	805
Advertising Expense	900	958
Information Technology and Data Processing	1,006	769
Communication	338	328
Professional Fees	1,832	695
Real estate owned	11	32
Segment Loan Processing Expense	1,076	805
Other	2,903	2,347
Total noninterest expenses	35,208	29,349
Income (loss) before income taxes	7,997	8,524
Income tax expense	1,928	1,982
Net income	6,069	6,542
Total assets	2,056,676	1,928,665	$ 1,996,347
Community Banking [Member]
Noninterest expenses [Abstract]
Advertising Expense	248	181
Information Technology and Data Processing	605	457
Communication	97	82
Professional Fees	198	268
Segment Loan Processing Expense	0	0
Mortgage Banking [Member]
Noninterest expenses [Abstract]
Advertising Expense	652	777
Information Technology and Data Processing	395	308
Communication	241	246
Professional Fees	1,620	426
Segment Loan Processing Expense	1,076	805
Holding Company and Other [Member]
Net Income (Loss) [Abstract]
Net interest income	(3)	12
Provision for loan losses	0	0
Net interest income (loss) after provision for loan losses	(3)	12
Noninterest income	(362)	(195)
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	(154)	(177)
Occupancy, office furniture and equipment	0	0
Advertising Expense	0	0
Information Technology and Data Processing	6	4
Communication	0	0
Professional Fees	14	1
Real estate owned	0	0
Segment Loan Processing Expense	0	0
Other	(229)	(54)
Total noninterest expenses	(363)	(226)
Income (loss) before income taxes	(2)	43
Income tax expense	6	9
Net income	(8)	34
Total assets	(272,986)	(138,182)
Operating Segments [Member]
Noninterest expenses [Abstract]
Other	2,903	2,347
Operating Segments [Member] | Community Banking [Member]
Net Income (Loss) [Abstract]
Net interest income	12,908	13,132
Provision for loan losses	750	(700)
Net interest income (loss) after provision for loan losses	12,158	13,832
Noninterest income	1,028	881
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	5,168	4,756
Occupancy, office furniture and equipment	1,014	972
Real estate owned	11	32
Other	580	489
Total noninterest expenses	7,921	7,237
Income (loss) before income taxes	5,265	7,476
Income tax expense	1,154	1,687
Net income	4,111	5,789
Total assets	2,018,092	1,903,985
Operating Segments [Member] | Mortgage Banking [Member]
Net Income (Loss) [Abstract]
Net interest income	(379)	(208)
Provision for loan losses	35	20
Net interest income (loss) after provision for loan losses	(414)	(228)
Noninterest income	30,798	23,571
Noninterest expenses [Abstract]
Compensation, payroll taxes, and other employee benefits	19,387	16,060
Occupancy, office furniture and equipment	1,727	1,804
Real estate owned	0	0
Other	2,552	1,912
Total noninterest expenses	27,650	22,338
Income (loss) before income taxes	2,734	1,005
Income tax expense	768	286
Net income	1,966	719
Total assets	$ 311,570	$ 162,862

Leases (Details)

Leases (Details)	3 Months Ended
	Mar. 31, 2020USD ($)Location	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Number of branch locations | Location	2
Components of Lease Expense [Abstract]
Operating lease cost	$ 824,000	$ 758,000
Variable cost	109,000	260,000
Short-term lease cost	193,000	233,000
Total	1,126,000	$ 1,251,000
Other Information Related to Operating Leases [Abstract]
Operating cash flows from operating leases	931,000
Right-of-use assets	$ 7,700,000
Weighted average remaining lease term - operating leases, in years	2 years 11 months 8 days
Weighted average discount rate - operating leases	5.90%
Operating Lease Liabilities, Payments Due [Abstract]
One year or less	$ 3,026,000
More than one year through two years	2,249,000
More than two years through three years	1,609,000
More than three years through four years	1,106,000
More than four years through five years	325,000
More than five years	961,000
Total lease payments	9,276,000
Present value discount	(1,080,000)
Lease liability	8,196,000
ASC Topic 842 [Member]
Other Information Related to Operating Leases [Abstract]
Right-of-use assets			$ 34,000
Initial recognition of lease liabilities			$ 34,000
Plan [Member]
Other Information Related to Operating Leases [Abstract]
Right-of-use assets				$ 145,000
Operating Lease Liabilities, Payments Due [Abstract]
Lease liability	$ 8,200			$ 145,000