First financial northwest, inc. (FFNW)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income
Loans, including fees

13,474

13,852

13,897

13,606

13,281

13,025

12,631

12,429

13,042

12,269

10,959

10,352

10,027

10,476

9,967

9,048

8,727

8,680

8,698

8,658

8,576

9,010

9,157

9,087

9,026

9,105

8,995

9,063

9,044

9,143

9,539

9,802

10,472

10,892

11,397

11,891

12,428

13,677

14,245

Investments available-for-sale

919

995

1,066

1,109

1,159

1,124

1,063

1,010

929

903

869

887

845

830

792

757

675

657

578

495

512

544

554

585

604

641

533

603

473

543

507

500

593

647

926

1,262

1,205

1,254

1,106

Interest-earning deposits

31

47

158

48

40

61

59

44

38

43

108

42

44

37

38

47

113

78

67

65

64

50

23

22

20

21

19

18

21

62

111

97

97

-

127

-

76

80

73

Dividends on FHLB stock

76

-

97

102

91

-

135

105

104

-

67

62

82

-

45

44

47

-

15

3

2

-

2

1

2

-

2

0

-

-

-

-

-

-

-

-

-

-

-

FHLB Dividend Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Total interest income

14,500

14,966

15,218

14,865

14,571

14,324

13,888

13,588

14,113

13,300

12,003

11,343

10,998

11,409

10,842

9,896

9,562

9,464

9,358

9,221

9,154

9,606

9,736

9,695

9,652

9,768

9,549

9,684

9,538

9,748

10,157

10,399

11,162

11,646

12,450

13,247

13,709

15,011

15,424

Interest expense
Deposits

4,366

4,807

5,037

4,330

3,822

3,595

2,912

2,435

2,276

2,117

1,933

1,776

1,691

1,632

1,545

1,441

1,483

1,462

1,369

1,333

1,314

1,285

1,193

1,238

1,347

1,483

1,655

1,763

1,893

2,194

2,429

2,627

2,941

3,501

3,981

4,220

4,513

5,563

6,322

Other borrowings

470

461

529

829

897

726

917

1,024

853

795

695

570

445

473

363

272

298

310

325

320

318

324

324

279

251

211

149

116

256

516

517

511

511

522

589

583

576

1,057

1,035

Total interest expense

4,836

5,268

5,566

5,159

4,719

4,321

3,829

3,459

3,129

2,912

2,628

2,346

2,136

2,105

1,908

1,713

1,781

1,772

1,694

1,653

1,632

1,609

1,517

1,517

1,598

1,694

1,804

1,879

2,149

2,710

2,946

3,138

3,452

4,023

4,570

4,803

5,089

6,620

7,357

Net interest income

9,664

9,698

9,652

9,706

9,852

10,003

10,059

10,129

10,984

10,388

9,375

8,997

8,862

9,304

8,934

8,183

7,781

7,692

7,664

7,568

7,522

7,997

8,219

8,178

8,054

8,074

7,745

7,805

7,389

7,038

7,211

7,261

7,710

7,623

7,880

8,444

8,620

8,391

8,067

Recapture of Provision for Loan and Lease Losses

-300

-

-100

800

-400

-

-200

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for Loan and Lease Losses

-

-

-

-

-

-

-

-

-4,000

-1,200

500

100

200

-100

900

600

-100

-900

-700

-500

-100

-1,200

-300

-100

-500

-200

0

100

0

0

700

650

1,700

600

1,300

1,600

1,200

12,000

26,000

Net interest income after provision for loan losses

9,364

9,698

9,552

10,506

9,452

9,803

9,859

10,529

14,984

11,588

8,875

8,897

8,662

9,404

8,034

7,583

7,881

8,592

8,364

8,068

7,622

9,197

8,519

8,278

8,554

8,274

7,745

7,705

7,389

-

-

-

-

-

-

-

-

-

-

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,511

6,611

6,010

-

6,580

6,844

7,420

-3,609

-17,933

Noninterest income
Loss on sale of investments available-for-sale

0

71

88

0

-8

0

1

-21

0

-670

47

56

0

-

33

0

-

-

85

-

-

-

0

-20

-

-

-39

-

-

-

-

-

-

-

-

-

-

-

-

BOLI income

254

301

235

189

269

96

245

224

249

133

173

116

201

203

251

225

165

164

213

136

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management revenue

165

177

245

261

196

211

145

156

99

220

252

307

140

157

165

281

210

-

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit related fees

176

178

179

205

171

178

167

175

161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan related fees

392

782

290

209

63

235

273

126

134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit related fees

-

-

-

-

-

-

-

-

-

-

113

94

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan related fees

-

-

-

-

-

-

-

-

-

-

144

155

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

0

94

194

485

479

751

511

-

-

Other

3

14

2

15

9

8

10

3

3

3

2

3

3

-519

224

202

105

-288

108

221

71

33

186

108

68

372

159

154

104

243

107

236

87

70

77

75

85

38

62

Total noninterest income

990

1,523

1,039

879

700

728

841

663

646

211

731

731

535

790

673

708

480

384

447

357

91

156

186

88

68

512

120

155

104

256

107

330

281

555

556

826

596

38

62

Noninterest expense
Salaries and employee benefits

5,212

5,048

4,813

4,734

5,000

4,977

4,732

4,931

4,662

4,673

4,406

4,409

4,285

3,941

3,821

3,841

3,774

3,787

3,488

3,251

3,414

3,295

2,947

2,860

2,885

2,790

3,807

3,755

3,614

3,358

3,680

3,451

3,427

3,212

3,544

3,214

3,289

3,258

2,892

Occupancy and equipment

1,071

1,024

924

898

866

871

814

829

769

721

726

579

480

521

467

488

508

401

387

314

338

334

330

332

351

332

339

345

354

361

391

395

405

388

370

395

402

411

424

Professional fees

430

428

440

326

496

415

353

442

328

430

458

482

439

492

458

561

468

347

472

458

354

332

457

394

357

418

452

393

356

449

460

468

473

535

449

502

480

664

487

Data processing

694

638

478

397

518

361

356

351

324

326

372

519

240

211

259

251

190

235

176

188

160

207

147

154

173

164

175

176

162

161

174

185

181

188

181

183

209

191

172

Gains (Losses) on Sales of Other Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-89

1

-5

0

2

529

6

15

-36

-71

62

35

383

632

180

78

128

221

2,988

-293

-508

-626

-205

-14

OREO market value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

258

37

0

-46

50

45

60

92

196

47

135

76

145

344

1,157

235

310

492

515

289

628

2,016

897

OREO related expenses, net

1

1

1

1

31

3

1

2

1

-41

-6

20

-40

249

11

14

20

501

-24

-41

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OREO related expenses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

78

61

93

23

151

334

343

486

446

489

597

540

986

850

962

708

Regulatory assessments

144

21

13

136

137

111

126

110

155

161

122

112

96

101

82

117

120

119

119

116

116

112

102

104

78

144

172

94

283

295

298

314

97

-

-

-

710

910

515

Regulatory assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

578

612

-

-

-

Insurance and bond premiums

120

87

95

88

105

88

95

154

106

97

105

98

99

89

86

86

88

89

89

89

92

95

100

103

103

159

124

121

114

149

100

100

100

247

248

248

247

150

150

Proxy contest and related litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

186

264

604

0

-

-

-

-

-

-

Marketing

64

59

118

76

86

75

85

77

107

68

102

52

48

51

67

40

36

21

103

54

33

20

15

37

25

15

29

42

18

46

68

61

52

51

43

50

61

49

78

Prepayment penalty on FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-679

-

0

0

0

-

-

-

-

-

-

Other general and administrative

532

665

573

627

470

845

639

591

575

674

551

605

341

451

25

613

352

308

523

411

310

333

316

512

224

304

167

536

451

271

457

438

308

538

338

441

332

94

701

Total noninterest expense

8,268

7,971

7,455

7,283

7,709

7,746

7,201

7,487

7,027

7,069

6,836

6,836

6,068

5,850

5,254

6,072

5,773

5,333

5,381

4,874

4,290

4,769

4,508

4,702

4,524

4,510

5,388

5,306

5,878

5,783

7,457

6,569

5,621

6,651

6,513

6,412

6,582

8,500

7,010

Income before federal income tax provision

2,086

3,250

3,136

4,102

2,443

2,785

3,499

3,705

8,603

4,730

2,770

2,792

3,129

4,344

3,453

2,219

2,588

3,643

3,430

3,551

3,423

4,584

4,197

3,664

4,098

4,276

2,477

2,554

1,615

1,511

-839

372

670

927

623

1,258

1,434

-12,071

-24,881

Federal income tax provision

402

635

631

798

498

622

707

603

1,761

2,324

909

924

785

1,323

847

779

763

1,526

984

1,183

1,194

1,644

1,462

1,297

1,453

342

-135

-13,809

59

0

-48

-999

48

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

1,684

2,615

2,505

3,304

1,945

2,163

2,792

3,102

6,842

2,406

1,861

1,868

2,344

3,021

2,606

1,440

1,825

2,117

2,446

2,368

2,229

2,940

2,735

2,367

2,645

3,934

2,612

16,363

1,556

1,511

-791

1,371

622

927

623

1,258

1,434

-12,071

-24,881

Earnings per common share
Basic earnings per share (in dollars per share)

0.17

0.27

0.25

0.33

0.19

0.20

0.27

0.30

0.67

0.23

0.18

0.18

0.23

0.27

0.22

0.12

0.14

0.16

0.18

0.17

0.16

0.20

0.19

0.16

0.17

0.26

0.16

0.96

0.09

0.07

-0.04

0.08

0.04

0.05

0.04

0.07

0.08

-0.69

-1.43

Diluted earnings per share (in dollars per share)

0.17

0.26

0.25

0.33

0.19

0.20

0.27

0.30

0.66

0.23

0.18

0.18

0.22

0.27

0.22

0.11

0.14

0.16

0.18

0.17

0.16

0.19

0.19

0.16

0.17

0.26

0.16

0.95

0.09

0.07

-0.04

0.08

0.04

0.05

0.04

0.07

0.08

-0.69

-1.43

Weighted average number of common shares outstanding
Basic shares outstanding (in shares)

9,896

9,931

9,901

9,952

10,118

10,388

10,356

10,271

10,210

10,185

10,287

10,363

10,319

10,478

11,859

12,390

12,744

12,947

13,372

13,756

14,036

14,234

14,458

15,042

15,252

-

-

-

-

-

17,658

-

-

-

-

-

-

-

-

Diluted shares outstanding (in shares)

9,978

10,045

9,991

10,046

10,220

10,485

10,468

10,405

10,336

10,317

10,427

10,500

10,504

10,665

12,011

12,530

12,905

13,099

13,528

13,916

14,199

14,484

14,585

15,120

15,357

-

-

-

-

-

17,658

-

-

-

-

-

-

-

-