FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Cash on hand and in banks |
$ 5,779
|
$ 5,713
|
| Interest-earning deposits with banks |
25,573
|
99,998
|
| Investments available-for-sale, at fair value |
129,260
|
129,565
|
| Loans receivable, net of allowance of $10,951 and $9,463 |
815,043
|
685,072
|
| Premises and equipment, net |
18,461
|
17,707
|
| Federal Home Loan Bank (“FHLB”) stock, at cost |
8,031
|
6,137
|
| Accrued interest receivable |
3,147
|
2,968
|
| Deferred tax assets, net |
3,142
|
4,556
|
| Other real estate owned (“OREO”) |
2,331
|
3,663
|
| Bank Owned Life Insurance |
24,153
|
23,309
|
| Prepaid expenses and other assets |
2,664
|
1,225
|
| Total assets |
1,037,584
|
979,913
|
| Liabilities and Stockholders’ Equity |
|
|
| Interest-bearing deposits |
33,422
|
29,392
|
| Interest-bearing Deposit Liabilities |
684,054
|
646,015
|
| Total deposits |
717,476
|
675,407
|
| Advances from the FHLB |
171,500
|
125,500
|
| Advance payments from borrowers for taxes and insurance |
2,259
|
1,794
|
| Accrued interest payable |
231
|
135
|
| Other liabilities |
7,993
|
6,404
|
| Total liabilities |
899,459
|
809,240
|
| Stockholders’ Equity |
|
|
| Preferred stock, $0.01 par value; authorized 10,000,000 shares, no shares issued or outstanding |
0
|
0
|
| Common stock, $0.01 par value; authorized 90,000,000 shares; issued and outstanding 15,167,381 shares at December 31, 2014, and 16,392,139 shares at December 31, 2013 |
109
|
138
|
| Additional paid-in capital |
96,852
|
136,338
|
| Retained earnings, substantially restricted |
48,981
|
42,892
|
| Accumulated other comprehensive loss, net of tax benefit |
(1,328)
|
(1,077)
|
| Unearned Employee Stock Ownership Plan (“ESOP”) shares |
(6,489)
|
(7,618)
|
| Total stockholders’ equity |
138,125
|
170,673
|
| Total liabilities and stockholders’ equity |
$ 1,037,584
|
$ 979,913
|