First northwest bancorp (FNWB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

873

2,218

2,510

2,079

2,207

2,130

1,926

1,526

1,523

-114

1,773

1,115

2,164

1,188

651

1,154

897

713

1,228

758

-7,579

882

849

Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization

338

339

333

334

333

332

331

330

332

289

290

290

322

323

304

302

296

277

246

242

239

244

248

Amortization and accretion of premiums and discounts on investments, net

-477

-418

-453

-462

-458

-392

-468

-469

-496

-467

-414

-82

-248

-349

-388

-249

-422

-381

-389

-391

-278

-318

-320

(Accretion) amortization of deferred loan fees, net

436

445

1,308

-319

-167

-194

-103

29

49

60

45

177

11

-58

-101

-65

6

62

-4

-86

-78

127

-43

Amortization of mortgage servicing rights, net

82

70

62

53

66

76

88

45

47

60

-1

71

48

60

55

52

55

74

78

59

50

84

83

Additions to mortgage servicing rights, net

-54

-15

-33

-7

-20

-49

-61

-42

-56

-43

-125

-11

-58

258

-105

-94

4

7

13

-318

161

-19

-21

Net increase (decrease) on the valuation allowance on mortgage servicing rights

0

0

0

0

-3

3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for Loan and Lease Losses

1,266

249

-170

255

335

272

197

395

310

200

0

285

215

410

350

233

0

0

0

-

-

-

-

Gain on sale of real estate owned and repossessed assets

-

-

-

-

-

-

-

-

-

-

-4

-11

51

0

0

-

-4

77

430

-9

-5

198

17

Allocation of ESOP shares

203

232

216

213

207

200

214

217

220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred federal income taxes

-

-

-

-

-

-

-

-

-

-

682

-

492

5

530

-

-392

203

-191

-

-1,776

0

0

Allocation of ESOP shares

-

-

-

-

-

-

-

-

-

-

210

192

203

173

195

-

187

160

147

-

-

-

0

Share-based compensation

304

-

251

270

283

-

256

259

273

268

321

250

217

254

256

0

0

0

0

-

-

-

-

Gain (Loss) on Sales of Loans, Net

383

247

655

88

87

121

139

150

167

122

377

44

284

160

269

146

20

26

42

212

198

41

97

Gain on sale of securities available for sale, net

605

779

0

57

0

0

-58

-14

122

93

136

0

0

0

0

-

-

-

-

-

-

-

-

Real estate owned and repossessed assets market value adjustments

-

-

-

-

-

-

-

-

-

-

0

-

0

0

32

-

8

7

46

75

53

31

53

Life Insurance, Corporate or Bank Owned, Change in Value

328

273

147

145

143

147

150

149

149

153

158

159

178

193

170

55

37

-17

39

39

40

-17

40

Bank Owned Life Insurance Income

-

-

-

-

-

-

-

-

-

0

0

0

768

-

-

-

-

-

-

-

-

-

-

Origination of loans held for sale

20,027

9,030

14,618

6,012

4,420

6,098

4,370

6,044

5,640

5,128

5,849

10,717

6,491

5,189

10,339

5,992

447

757

1,374

7,396

8,546

1,834

4,261

Proceeds from loans held for sale

16,382

10,829

15,734

4,553

3,538

6,410

5,880

4,632

6,595

4,462

6,226

11,399

6,614

5,019

11,378

5,221

467

851

1,458

7,840

8,402

2,239

4,607

Change in assets and liabilities:
Increase in accrued interest receivable

193

205

-368

-20

66

134

15

258

-104

247

478

-60

65

138

75

-56

-10

204

118

-43

371

71

-125

Increase in prepaid expenses and other assets

382

541

-39

-310

3,916

-347

265

-320

467

9

-450

678

486

575

-445

370

597

-2,195

1,978

154

-2,120

660

556

Decrease in accrued interest payable

-179

111

-127

110

-242

161

-14

164

-115

108

9

13

-9

20

-5

-20

-1

-33

-22

4

-3

13

-11

Increase in accrued expenses and other liabilities

833

-446

-229

47

6,949

-2,458

1,194

-837

2,243

329

183

1,059

801

58

-9,674

8,065

670

-175

-609

-997

769

-335

1,935

Net cash from operating activities

-1,829

3,056

2,679

2,716

5,646

1,423

5,701

835

5,378

1,566

3,393

2,498

2,974

1,614

-5,952

7,609

1,512

2,681

-1,220

1,461

-6,437

543

3,260

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available for sale

66,372

49,020

9,456

0

0

0

25,365

24,746

12,935

23,199

89,313

5,740

35,769

0

0

19,249

0

74,184

29,761

19,110

103,983

25,943

0

Proceeds from maturities, calls, and principal repayments of securities available for sale

15,984

8,565

8,732

6,752

6,108

5,283

6,816

4,271

9,077

18,599

9,868

20,690

15,552

20,134

20,083

18,862

8,373

9,038

11,208

8,464

6,088

6,212

6,383

Proceeds from sales of securities available for sale

40,073

12,987

0

3,558

0

0

1,979

21,845

32,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

17,239

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities, calls, and principal repayments of securities held to maturity

0

0

323

4,999

434

358

468

3,227

2,315

819

794

856

892

1,029

1,107

1,061

1,119

1,425

1,573

1,566

1,486

1,347

1,852

(Purchase) redemption of FHLB stock

1,547

1,103

-1,842

-154

0

601

-195

132

-634

1,294

1,361

-373

942

-

-227

-

-

-

-

-

-

-

-

(Purchase) redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

10

4,930

106

104

100

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

-

-

0

0

0

0

0

10,000

0

0

0

0

-

-

-

-

Proceeds from sale of real estate owned and repossessed assets

-

-

-

-

-

-

-46

15

31

83

14

16

164

27

0

304

21

543

2,723

262

413

643

152

Net increase in loans receivable

21,943

37,236

-34,019

-8,663

19,845

24,860

18,316

22,946

20,012

52,405

60

20,788

16,023

26,836

44,748

46,037

47,251

29,826

10,429

-4,781

0

6,076

-6,928

Purchase of premises and equipment, net

227

238

57

98

33

127

1,002

758

954

815

267

1

163

417

375

176

378

1,067

439

708

279

92

187

Net cash from investing activities

-34,032

-66,318

35,676

24,028

-13,336

-19,947

-35,271

-16,522

11,015

-54,901

-63,086

-4,594

-36,289

-5,686

-33,706

-10,365

-37,990

-19,608

-25,115

185

-111,066

-23,805

15,228

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits

62,260

30,945

37,435

-19,490

12,495

8,655

38,279

12,704

-4,410

34,099

27,173

16,045

13,643

17,727

53,058

13,547

24,647

18,150

19,779

2,500

-96,160

135,661

4,764

Net increase (decrease) in advances from the FHLB

37,091

-

-46,013

-3,837

-1,378

-

-4,745

3,322

-21,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB advances

-

-

-

-

-

-

-

-

-

153,152

132,445

74,977

92,463

75,431

47,774

94,891

47,629

17,703

0

50

0

0

17,100

Repayment of FHLB advances

-

-

-

-

-

-

-

-

-

120,709

98,215

84,103

71,793

84,638

53,356

98,979

38,023

32,473

0

50

0

0

32,200

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-109

-

0

0

0

Net (decrease) increase in advances from borrowers for taxes and insurance

-702

-731

625

-903

1,064

-758

855

-1,137

902

-736

821

-801

737

-501

668

-746

759

-503

598

-508

630

-568

340

Dividends paid

533

428

327

328

331

335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net share settlement of stock awards

-

-

-

-

-

-

-

-

-

0

282

0

0

0

0

-1,253

0

863

390

-11,131

11,131

0

0

Repurchase of common stock

3,830

1,833

2,150

1,021

2,826

3,074

2,076

1,468

3,385

679

1,532

2,919

1,196

11,101

1,333

3,769

1,732

0

0

-

-

-

-

Net cash from financing activities

94,286

55,520

-10,696

-25,579

9,024

19,513

32,020

13,421

-28,044

65,127

60,410

3,199

33,854

-3,082

46,811

4,944

33,280

2,014

19,878

1,317

20,287

135,093

-9,996

NET INCREASE IN CASH AND CASH EQUIVALENTS

58,425

-7,742

27,659

1,165

1,334

989

2,450

-2,266

-11,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

11,792

717

1,103

539

-7,154

7,153

2,188

-3,198

-14,913

-6,457

2,963

-97,216

111,831

8,492

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest on deposits and borrowings

2,751

2,487

2,958

2,995

3,156

2,566

2,304

1,958

1,989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on deposits and borrowings

-

-

-

-

-

-

-

-

-

-

1,571

1,402

1,312

1,232

1,194

-

1,156

1,214

1,249

1,203

1,165

1,103

1,118

Income taxes

-

-

-

-

-

-

-

-

-

661

0

320

525

211

1,450

494

315

427

850

80

0

100

150

NONCASH INVESTING ACTIVITIES
Unrealized (loss) gain on securities available for sale

-8,502

-

856

2,256

2,030

-

-1,354

-1,376

-2,751

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on securities available for sale

-

-

-

-

-

-

-

-

-

-896

-428

828

391

-4,386

-356

1,379

3,843

-4,382

900

-1,670

361

354

78

Loans transferred to real estate owned and repossessed assets, net of deferred loan fees and allowance for loan losses

396

141

111

86

74

-154

52

68

34

45

0

125

9

6

82

276

88

0

988

425

280

1,852

28