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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash on hand and in banks $ 10,094 $ 8,122
Interest-earning deposits with banks 12,896 8,888
Investments available-for-sale, at fair value 136,601 142,170
Loans and Leases Receivable, Net Amount 1,108,462 1,022,904
Federal Home Loan Bank (“FHLB”) stock, at cost 7,009 7,310
Accrued interest receivable 4,138 4,068
Deferred tax assets, net 1,501 1,844
Other real estate owned (“OREO”) 454 483
Premises and equipment, net 22,466 21,331
Bank owned life insurance (“BOLI”), net 31,982 29,841
Prepaid expenses and other assets 2,216 3,458
Operating Lease, Right-of-Use Asset 2,209 0
Goodwill 889 889
Core deposit intangible 968 1,116
Total assets 1,341,885 1,252,424
Liabilities and Stockholders’ Equity    
Interest-bearing deposits 52,849 46,108
Interest-bearing Deposit Liabilities 980,685 892,924
Total deposits 1,033,534 939,032
FHLB advances 137,700 146,500
Advance payments from borrowers for taxes and insurance 2,921 2,933
Operating Lease, Liability, Current 2,279 0
Accrued interest payable 285 478
Other liabilities 8,847 9,743
Total liabilities 1,185,566 1,098,686
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 103 107
Additional paid-in capital 87,370 93,773
Retained earnings, substantially restricted 73,321 66,343
Accumulated other comprehensive loss, net of tax benefit (1,371) (2,253)
Unearned Employee Stock Ownership Plan (“ESOP”) shares (3,104) (4,232)
Total stockholders’ equity 156,319 153,738
Total liabilities and stockholders’ equity $ 1,341,885 $ 1,252,424