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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income    
Loans, including fees $ 52,935 $ 50,170
Investments 5,603 3,224
Interest-earning deposits 386 72
Dividends on FHLB stock 318 332
Total interest income 59,242 53,798
Interest expense    
Deposits 8,955 7,216
FHLB advances and other borrowings 1,934 1,603
Total interest expense 10,889 8,819
Net interest income 48,353 44,979
(Recapture of provision) provision for loan losses (400) 300
Net interest income after (recapture of provision) provision for loan losses 48,753 44,679
Noninterest income    
Net gain on sale of investments 27 32
BOLI income 1,004 1,107
Wealth management revenue, net 312 494
Deposit related fees 936 872
Loan related fees 919 1,265
Other 49 92
Total noninterest income 3,247 3,862
Noninterest expense    
Salaries and employee benefits 21,133 20,237
Occupancy and equipment 4,776 4,557
Professional fees 2,339 1,899
Data processing 2,678 2,692
Regulatory assessments 403 456
Insurance and bond premiums 464 451
Marketing 303 154
Other general and administrative 3,495 2,921
Total noninterest expense 35,591 33,367
Income before provision for federal income taxes 16,409 15,174
Federal income tax provision 3,169 2,925
Net income $ 13,240 $ 12,249
Basic earnings (loss) per share (usd per share) $ 1.47 $ 1.31
Diluted earnings (loss) per share (usd per share) $ 1.45 $ 1.29
Basic weighted average number of common shares outstanding (in shares) 9,006,369 9,340,997
Diluted weighted average number of common shares outstanding (in shares) 9,102,283 9,454,495