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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest income    
Loans, including fees $ 54,636 $ 51,127
Investments available-for-sale 4,329 4,126
Interest-earning deposits 293 202
Dividends on FHLB stock 362 458
Total interest income 59,620 55,913
Interest expense    
Deposits 17,996 11,218
FHLB advances 2,716 3,520
Total interest expense 20,712 14,738
Net interest income 38,908 41,175
Recapture of provision for loan losses (300) (4,000)
Net interest income after recapture of provision for loan losses 39,208 45,175
Noninterest income    
Net gain (loss) on sale of investments 151 (20)
Bank Owned Life Insurance Income 994 814
Brokerage Commissions Revenue 879 611
Deposit Fees 733 681
Loan Revenue 1,344 768
Other 40 24
Total noninterest income 4,141 2,878
Noninterest expense    
Salaries and employee benefits 19,595 19,302
Occupancy and equipment 3,712 3,283
Professional fees 1,690 1,538
Data processing 2,031 1,392
OREO market value adjustments 29 0
Foreclosed Real Estate Recovery Expense, Net 34 7
Regulatory assessments 307 502
Insurance and bond premiums 375 443
Marketing 339 344
Other general and administrative 2,335 2,650
Total noninterest expense 30,418 29,461
Income before provision for federal income taxes 12,931 18,592
Federal income tax provision 2,562 3,693
Net income $ 10,369 $ 14,899
Basic earnings (loss) per share (usd per share) $ 1.04 $ 1.44
Diluted earnings (loss) per share (usd per share) $ 1.03 $ 1.43
Weighted average number of common shares outstanding (in shares) 9,976,056 10,306,835
Weighted average number of diluted shares outstanding (in shares) 10,075,906 10,424,187