FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Interest income |
|
|
|
| Loans, including fees |
$ 34,612
|
$ 36,280
|
$ 36,207
|
| Investments available-for-sale |
2,242
|
2,287
|
2,250
|
| Interest-earning deposits with banks |
274
|
115
|
79
|
| Dividends on FHLB stock |
69
|
7
|
3
|
| Total interest income |
37,197
|
38,689
|
38,539
|
| Interest expense |
|
|
|
| Deposits |
5,478
|
5,063
|
6,794
|
| FHLB advances |
1,273
|
1,178
|
732
|
| Total interest expense |
6,751
|
6,241
|
7,526
|
| Net interest income |
30,446
|
32,448
|
31,013
|
| (Recapture of provision) provision for loan losses |
(2,200)
|
(2,100)
|
(100)
|
| Net interest income after recapture of provision for loan losses |
32,646
|
34,548
|
31,113
|
| Noninterest income |
|
|
|
| Net gain (loss) on sale of investments |
92
|
(20)
|
(38)
|
| Bank Owned Life Insurance Income |
533
|
123
|
140
|
| Other |
654
|
395
|
789
|
| Total noninterest income |
1,279
|
498
|
891
|
| Noninterest expense |
|
|
|
| Salaries and employee benefits |
13,940
|
11,987
|
13,966
|
| Occupancy and equipment |
1,440
|
1,347
|
1,370
|
| Professional fees |
1,631
|
1,540
|
1,619
|
| Data processing |
759
|
681
|
677
|
| (Gain) loss on sale of OREO property, net |
(526)
|
86
|
(1,112)
|
| OREO market value adjustments |
41
|
393
|
403
|
| OREO related expenses, net |
1
|
190
|
601
|
| Regulatory assessments |
470
|
396
|
693
|
| Insurance and bond premiums |
359
|
401
|
518
|
| Proxy contest and related litigation |
0
|
0
|
106
|
| Marketing |
211
|
97
|
104
|
| Prepayment penalty on FHLB advances |
0
|
0
|
679
|
| Other general and administrative |
1,552
|
1,385
|
1,458
|
| Total noninterest expense |
19,878
|
18,503
|
21,082
|
| Income before provision for federal income taxes |
14,047
|
16,543
|
10,922
|
| Federal income tax provision (benefit) |
4,887
|
5,856
|
(13,543)
|
| Net income |
$ 9,160
|
$ 10,687
|
$ 24,465
|
| Basic earnings (loss) per share (usd per share) |
$ 0.67
|
$ 0.72
|
$ 1.47
|
| Diluted earnings (loss) per share (usd per share) |
$ 0.67
|
$ 0.71
|
$ 1.46
|
| Weighted average number of common shares outstanding (in shares) |
13,528,393
|
14,747,086
|
16,580,882
|
| Weighted average number of diluted shares outstanding (in shares) |
13,685,982
|
14,887,198
|
16,609,867
|