FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Interest income |
|
|
|
| Loans, including fees |
$ 38,218
|
$ 34,612
|
$ 36,280
|
| Investments available-for-sale |
3,054
|
2,242
|
2,287
|
| Interest-earning deposits with banks |
235
|
274
|
115
|
| Dividends on FHLB stock |
202
|
69
|
7
|
| Total interest income |
41,709
|
37,197
|
38,689
|
| Interest expense |
|
|
|
| Deposits |
6,101
|
5,478
|
5,063
|
| FHLB advances |
1,406
|
1,273
|
1,178
|
| Total interest expense |
7,507
|
6,751
|
6,241
|
| Net interest income |
34,202
|
30,446
|
32,448
|
| (Recapture of provision) provision for loan losses |
1,300
|
(2,200)
|
(2,100)
|
| Net interest income after recapture of provision for loan losses |
32,902
|
32,646
|
34,548
|
| Noninterest income |
|
|
|
| Net gain (loss) on sale of investments |
50
|
92
|
(20)
|
| Bank Owned Life Insurance Income |
844
|
533
|
123
|
| Brokerage Commissions Revenue |
813
|
183
|
0
|
| Other |
944
|
471
|
395
|
| Total noninterest income |
2,651
|
1,279
|
498
|
| Noninterest expense |
|
|
|
| Salaries and employee benefits |
15,377
|
13,940
|
11,987
|
| Occupancy and equipment |
1,984
|
1,440
|
1,347
|
| Professional fees |
1,979
|
1,631
|
1,540
|
| Data processing |
911
|
759
|
681
|
| Loss (gain) on sale of OREO property, net |
87
|
(526)
|
86
|
| OREO market value adjustments |
257
|
41
|
393
|
| Foreclosed Real Estate Recovery (Expense), Net |
(50)
|
1
|
190
|
| Regulatory assessments |
420
|
470
|
396
|
| Insurance and bond premiums |
349
|
359
|
401
|
| Marketing |
194
|
211
|
97
|
| Other general and administrative |
1,441
|
1,552
|
1,385
|
| Total noninterest expense |
22,949
|
19,878
|
18,503
|
| Income before provision for federal income taxes |
12,604
|
14,047
|
16,543
|
| Federal income tax provision |
3,712
|
4,887
|
5,856
|
| Net income |
$ 8,892
|
$ 9,160
|
$ 10,687
|
| Basic earnings (loss) per share (usd per share) |
$ 0.75
|
$ 0.67
|
$ 0.72
|
| Diluted earnings (loss) per share (usd per share) |
$ 0.74
|
$ 0.67
|
$ 0.71
|
| Weighted average number of common shares outstanding (in shares) |
11,868,278
|
13,528,393
|
14,747,086
|
| Weighted average number of diluted shares outstanding (in shares) |
12,028,428
|
13,685,982
|
14,887,198
|