First financial northwest, inc. (FFNW)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net Income (Loss) Attributable to Parent

10,369

14,899

8,479

8,892

9,160

10,687

24,465

2,713

4,242

-54,136

-40,708

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses

-300

-4,000

-400

1,300

-2,200

-2,100

-100

3,050

4,700

53,100

51,300

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

14,206

OREO market value adjustments

29

0

50

257

41

393

403

2,046

1,924

5,624

-

(Gain) loss on sale of OREO property, net

-

-

110

-87

526

-86

1,112

607

1,561

185

-

Depreciation of premises and equipment

-

-

-

-

-

-

-

-

-

-

802

Net amortization of premiums and discounts on investments

-835

-1,022

-721

-908

-1,104

-1,389

-1,863

-1,678

-2,331

-1,783

1,074

Loss on sale of investments available-for-sale

151

-20

-567

50

92

-20

-38

-

-

-

-

Depreciation of premises and equipment

-

-

-

-

-

-

-

976

1,054

1,098

-

Depreciation of premises and equipment

1,840

1,630

1,262

1,076

809

755

799

-

-

-

-

Net realized loss (gain) on sale of investments

-

-

-

-

-

-

-

301

2,226

843

-1,954

Other-than-temporary impairment loss on investments

-

-

-

-

-

-

-

-

-

-

152

Loss on sale of premises and equipment

-5

0

-65

-3

0

-11

0

-12

-2

-1

983

Increase (Decrease) in Deferred Income Taxes

-109

281

-1,738

-1,548

-4,170

-5,602

13,742

1,000

0

-

-

Deferred federal income taxes

-

-

-

-

-

-

-

-

-

12,075

-3,120

Allocation of ESOP shares

1,698

1,906

1,941

1,605

1,400

1,216

1,087

860

602

565

857

Stock compensation expense

501

650

574

621

440

384

1,416

1,987

1,971

1,921

2,037

Bank Owned Life Insurance Income

994

814

623

844

533

123

140

-

-

-

-

Changes in operating assets and liabilities:
Increase in prepaid expenses and other assets

-153

-2,567

2,829

105

-270

567

-1,558

-105

-1,182

-2,104

-3,593

Increase in ROU

2,209

0

-

-

-

-

-

-

-

-

-

Advance payments from borrowers for taxes and insurance

-12

418

256

465

87

-139

-340

93

-163

-121

-

Federal income taxes, net

-

-

-

-

-

-

-

-

4,856

3,583

-9,835

Increase in accrued interest receivable

70

-16

937

179

-297

-433

214

-372

-830

-194

652

Increase in lease liability

2,279

0

-

-

-

-

-

-

-

-

-

Decrease in accrued interest payable

-193

152

95

96

-7

54

-91

-5

-30

-243

-21

(Decrease) increase in other liabilities

-809

491

1,259

1,589

2,295

484

-685

1,248

644

-1,242

1,520

Net cash provided by operating activities

13,080

18,676

12,108

17,269

16,715

18,585

15,205

13,227

20,358

25,399

14,352

Cash flows from investing activities:
Proceeds from sales and call of investments

14,260

17,159

44,164

26,437

27,327

6,430

45,137

23,756

79,081

25,087

-

Principal repayments on investments

7,395

7,078

10,722

15,852

18,651

20,818

27,009

21,383

31,121

36,595

42,349

Purchases of investments

14,417

37,021

58,796

44,561

57,290

2,109

69,010

69,539

74,679

130,641

-

Purchases of investments available for sale

-

-

-

-

-

-

-

-

-

-

-60,081

Net decrease (increase) in loans receivable

85,258

30,242

173,219

131,271

19,075

508

19,070

-37,646

-122,274

-79,507

-67,254

Purchase of FHLB stock

-301

-2,572

1,851

1,894

-608

-272

-

-

-

-

-

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

71,107

Capital expenditures related to OREO

-

-

-

-

-

120

75

-16

181

767

0

Proceeds from sales of OREO properties

-

-

1,908

988

6,246

3,646

13,151

19,366

30,070

27,298

0

Net proceeds from sale or disposal of fixed assets

-

-

7

0

0

-

9

0

0

-

-

FHLB stock redemption

-

-

-

-

-

-

264

132

0

0

-

Purchase of premises and equipment

2,980

2,347

2,824

1,833

1,781

209

26

139

149

1,343

-8,344

Proceeds from Life Insurance Policy

310

0

-

-

-

-

-

-

-

-

-

Purchase of BOLI

1,457

0

4,251

0

20,000

0

0

-

-

-

-

Net cash received from branch acquisition

-

-

71,658

0

0

-

-

-

-

-

-

Net cash provided (used) by investing activities

-81,846

-42,801

-112,482

-136,282

-45,314

28,220

-2,611

32,621

187,537

35,736

-22,223

Cash flows from financing activities:
Net (decrease) increase in deposits

94,502

99,530

47,497

42,069

61,280

2,062

-53,732

-122,868

-131,561

-19,197

147,940

Advances from the FHLB

350,200

187,500

108,500

525,000

0

16,500

119,010

110

100

53,173

16,750

Repayments of advances from the FHLB

359,000

257,000

64,000

479,000

10,000

0

-

-

-

-

-33,000

Repayments of advances from the FHLB

-

-

-

-

-

-

83,076

110

-10,100

100,007

-

Proceeds from stock options exercises

21

1,365

1,309

298

935

3,611

3,023

0

0

-

-

Issuance of common stock - restricted stock awards, net

93

40

-

-

-

-

-

-

-

-

-

Issuance of common stock - restricted stock awards, net

-

-

138

98

0

0

-

-

-

-

-

Repurchase and retirement of common stock

7,406

3,153

5,238

40,812

18,717

17,566

28,090

0

0

106

-17,838

Dividends paid

3,478

3,198

2,777

2,803

3,237

2,938

1,895

0

0

1,420

-6,399

Net cash (used) provided by financing activities

74,746

25,004

85,153

44,654

30,261

1,669

-44,760

-122,868

-141,561

-67,678

107,085

Cash and cash equivalents:
Net decrease in cash and cash equivalents

5,980

879

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-15,221

-74,359

1,662

48,474

-32,166

-77,020

-

-6,543

99,214

Supplemental disclosures of cash flow information
Cash paid during the period for:
Interest paid

21,383

14,586

-

-

-

-

-

-

-

-

-

Interest paid

-

-

9,927

7,411

6,757

6,187

7,617

12,251

18,515

27,802

33,934

Federal income taxes

2,175

3,890

3,350

2,730

228

309

98

60

0

0

450

Assets acquired in acquisition of branches (Note 2)

-

-

72,329

0

0

-

-

-

-

-

-

Liabilities assumed in acquisition of branches (Note 2)

-

-

74,657

0

0

-

-

-

-

-

-

Noncash transactions:
Loans transferred to OREO, net of deferred loan fees and allowance for loan and lease losses (ALLL)

-

-

-

-

141

1,823

6,485

12,124

26,194

50,237

-

Change in unrealized gain (loss) on investments available-for-sale

2,353

-1,814

360

-1,719

-1,108

2,558

-2,861

237

-

-

-

Change in gain on cash flow hedge

-1,237

137

192

1,333

0

0

-

-

-

-

-

Initial recognition of ROU

2,762

-

-

-

-

-

-

-

-

-

-

Initial recognition of lease liability

2,762

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in valuation allowance for investments available for sale

2,353

-1,814

360

-1,719

-1,108

-

-

-

-

-

-

Loans, net of deferred loan fees and allowance for loan losses, transferred to OREO

-

-

-

-

-

-

-

-

-

-

11,835