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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash on hand and in banks $ 7,722 $ 7,246
Interest-earning deposits with banks 16,598 66,145
Investments available-for-sale, at fair value 217,778 168,948
Investments held-to-maturity, at amortized cost 2,444 2,432
Loans receivable, net of allowance of $15,227 and $15,657 1,167,083 1,103,461
Federal Home Loan Bank (“FHLB”) stock, at cost 7,512 5,465
Accrued interest receivable 6,513 5,285
Deferred tax assets, net 2,597 850
Premises and equipment, net 21,192 22,440
Bank owned life insurance (“BOLI”) 36,286 35,210
Prepaid expenses and other assets 12,479 3,628
Right of use asset (“ROU”), net 3,275 3,646
Goodwill 889 889
Core deposit intangible, net 548 684
Total assets 1,502,916 1,426,329
Liabilities and Stockholders’ Equity    
Noninterest-bearing deposits 119,944 117,751
Interest-bearing deposits 1,050,096 1,039,723
Total deposits 1,170,040 1,157,474
FHLB advances 145,000 95,000
Advance payments from borrowers for taxes and insurance 3,051 2,909
Lease liability, net 3,454 3,805
Accrued interest payable 328 112
Other liabilities 20,683 9,150
Total liabilities 1,342,556 1,268,450
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 9,127,595 shares at December 31, 2022, and 9,125,759 shares at December 31, 2021 91 91
Additional paid-in capital 72,424 72,298
Retained earnings, substantially restricted 95,059 86,162
Accumulated other comprehensive (loss) income, net of tax (7,214) 174
Unearned Employee Stock Ownership Plan (“ESOP”) shares 0 (846)
Total stockholders’ equity 160,360 157,879
Total liabilities and stockholders’ equity $ 1,502,916 $ 1,426,329