Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Funded Status

The table below presents the funded status (market value of plan assets divided by funding target) of the plan as of July 1:

	2022		2021
Source	Valuation Report		Valuation Report
First Financial Northwest’s Plan(1)	101.9	%	111.2	%

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(1) Market value of plan assets reflects any contributions received through June 30, 2022 and 2021, respectively.

Schedule of Net Benefit Costs

Total contributions to the Pentegra DB Plan by the Company during the years ended December 31, 2022 and 2021 were: 

2022			2021
Date Paid	Amount		Date Paid	Amount
(In thousands)
11/28/2022	$	92	11/18/2021	$	207
Total	$	92	Total	$	207

Schedule of Employee Stock Ownership Plan (ESOP) Disclosures

A summary of key transactions for the ESOP for the years ended December 31, follows:

	2022		2021
	(In thousands)
ESOP contribution expense	$	1,372	$	1,696
Dividends on unallocated ESOP shares used to reduce ESOP contribution	30		87

    Shares held by the ESOP at December 31, 2022 and 2021, are as follows: 

	December 31,
	2022		2021
	(Dollars in thousands, except share data)
Allocated shares	1,692,800		1,608,160
Unallocated shares	—		84,640
Total ESOP shares	1,692,800		1,692,800
Fair value of unallocated shares	$	—	$	1,369

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

A summary of the Company’s stock option plan awards activity for the year ended December 31, 2022 follows: 

	Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding at January 1, 2022	272,000	$	10.63		$	1,507,300
Exercised	(54,481)	8.36			386,658
Outstanding at December 31, 2022	217,519	11.20		1.44	$	823,028
Expected to vest assuming a 3% forfeiture rate over the vesting term	217,519	11.20		1.44	823,028
Exercisable at December 31, 2022	217,519	11.20		1.44	823,028

Schedule of Nonvested Restricted Stock Units Activity

A summary of changes in nonvested restricted stock awards for the year ended December 31, 2022, follows: 

Nonvested Shares	Shares	Weighted Average Grant Date  Fair Value
Nonvested at December 31, 2021	44,426	13.78
Granted	47,542	16.35
Vested	(58,698)	14.07
Forfeited	(1,998)	16.93
Nonvested at December 31, 2022	31,272	16.93
Expected to vest assuming a 3% forfeiture rate over the vesting term	30,334	16.93