First Financial Northwest, Inc. FFNW Income Statement

First financial northwest, inc. (FFNW)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income
Loans, including fees
54,636	51,127	43,607	38,218	34,612	36,280	36,207	38,956	46,608	55,783	58,332
Investments available-for-sale
4,329	4,126	3,504	3,054	2,242	2,287	2,250	2,143	4,040	4,485	6,599
Interest-earning deposits
293	202	237	235	274	115	79	367	404	276	102
Dividends on FHLB stock
362	458	296	202	69	7	3	0	0	-	-
Total interest income
59,620	55,913	47,644	41,709	37,197	38,689	38,539	41,466	51,052	60,544	65,033
Interest expense
Deposits
17,996	11,218	7,517	6,101	5,478	5,063	6,794	10,191	16,215	23,370	28,806
Other borrowings
2,716	3,520	2,505	1,406	1,273	1,178	732	2,055	2,270	4,189	5,107
Total interest expense
20,712	14,738	10,022	7,507	6,751	6,241	7,526	12,246	18,485	27,559	33,913
Net interest income
38,908	41,175	37,622	34,202	30,446	32,448	31,013	29,220	32,567	32,985	31,120
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
Net interest income after provision for loan losses
39,208	45,175	38,022	32,902	32,646	34,548	31,113	26,170	27,867	-	-
Net interest income after provision for loan losses
-	-	-	-	-	-	-	-	-	-20,115	-20,180
Noninterest income
Loss on sale of investments available-for-sale
151	-20	-567	50	92	-20	-38	301	-	-	-
BOLI income
994	814	623	844	533	123	140	-	-	-	-
Wealth management revenue
879	611	919	813	183	0	-	-	-	-	-
Deposit related fees
733	681	446	261	-	-	-	-	-	-	-
Loan related fees
1,344	768	776	671	-	-	-	-	-	-	-
Deposit related fees
-	-	-	-	208	-	-	-	-	-	-
Loan related fees
-	-	-	-	151	-	-	-	-	-	-
Net (loss) gain on sale of investments
-	-	-	-	-	-	-	-	2,226	843	1,954
Other-than-temporary impairment loss on investments
-	-	-	-	-	-	-	-	-	-	152
Other
40	24	11	12	112	395	789	673	307	198	230
Total noninterest income
4,141	2,878	2,208	2,651	1,279	498	891	974	2,533	1,041	2,032
Noninterest expense
Salaries and employee benefits
19,595	19,302	17,773	15,377	13,940	11,987	13,966	13,916	13,259	12,347	11,730
Occupancy and equipment
3,712	3,283	2,506	1,984	1,440	1,347	1,370	1,552	1,555	1,657	2,306
Professional fees
1,690	1,538	1,809	1,979	1,631	1,540	1,619	1,850	1,966	2,148	1,412
Data processing
2,031	1,392	1,457	911	759	681	677	701	761	723	634
Gains (Losses) on Sales of Other Real Estate
-	-	110	-87	526	-86	1,112	607	1,561	185	-
OREO market value adjustments
29	0	50	257	41	393	403	2,046	1,924	5,624	-
OREO related expenses, net
34	7	-67	294	484	-190	-	-	-	-	-
OREO related expenses, net
-	-	-	-	-	-	601	1,764	2,973	3,419	255
Regulatory assessments
307	502	491	420	470	396	693	1,004	2,437	2,837	2,281
Insurance and bond premiums
375	443	399	349	359	401	518	449	990	597	71
Proxy contest and related litigation
-	-	-	-	-	-	106	1,054	0	0	14,206
Marketing
339	344	270	194	211	97	104	227	205	233	257
Prepayment penalty on FHLB advances
-	-	-	-	-	-	679	0	0	-	-
Other general and administrative
2,335	2,650	2,171	1,441	1,552	1,385	1,458	1,474	1,649	1,663	1,915
Total noninterest expense
30,418	29,461	26,809	22,949	19,878	18,503	21,082	25,430	26,158	31,063	35,067
Income before federal income tax provision
12,931	18,592	13,421	12,604	14,047	16,543	10,922	1,714	4,242	-50,137	-53,215
Federal income tax provision
2,562	3,693	4,942	3,712	4,887	5,856	-13,543	-999	0	3,999	-12,507
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
Earnings per common share
Basic earnings per share (in dollars per share)
1.04	1.44	0.82	0.75	0.67	0.72	1.47	0.15	0.24	-3.11	-2.18
Diluted earnings per share (in dollars per share)
1.03	1.43	0.81	0.74	0.67	0.71	1.46	0.15	0.24	-3.11	-2.18
Weighted average number of common shares outstanding
Basic shares outstanding (in shares)
9,976	10,306	10,289	11,868	13,528	14,747	16,580	17,643	-	-	-
Diluted shares outstanding (in shares)
10,075	10,424	10,437	12,028	13,685	14,887	16,609	17,662	-	-	-