diff --git a/core/lib/Drupal/Core/Field/Plugin/Field/FieldFormatter/EntityReferenceFieldFormatter.php b/core/lib/Drupal/Core/Field/Plugin/Field/FieldFormatter/EntityReferenceFieldFormatter.php
index 43d2e0d..0e43086 100644
--- a/core/lib/Drupal/Core/Field/Plugin/Field/FieldFormatter/EntityReferenceFieldFormatter.php
+++ b/core/lib/Drupal/Core/Field/Plugin/Field/FieldFormatter/EntityReferenceFieldFormatter.php
@@ -297,14 +297,12 @@ public function settingsForm(array $form, FormStateInterface $form_state) {
 
     if ($selected_field_name) {
       $field_storage = $field_storage_definitions[$selected_field_name];
-      $formatter_options = $this->getAvailableFormatterOptions($field_storage);
       $formatter_type = $this->getFormatterType($selected_field_name, $form_state)['machine_name'];
-      $settings = $this->getSetting('settings', $form_state) ?: [];
 
       $form['type'] = [
         '#type' => 'select',
         '#title' => $this->t('Formatter'),
-        '#options' => $formatter_options,
+        '#options' => $this->getAvailableFormatterOptions($field_storage),
         '#default_value' => $formatter_type,
         '#ajax' => [
           'callback' => [static::class, 'onFormatterTypeChange'],
@@ -319,7 +317,7 @@ public function settingsForm(array $form, FormStateInterface $form_state) {
         'field_definition' => BaseFieldDefinition::createFromFieldStorageDefinition($field_storage),
         'configuration' => [
           'type' => $formatter_type,
-          'settings' => $settings,
+          'settings' => $this->getSetting('settings', $form_state) ?: [],
           'label' => '',
           'weight' => 0,
         ],