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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income      
Loans, including fees $ 38,956 $ 46,608 $ 55,783
Investments available-for-sale 2,143 4,040 4,485
Federal funds sold and interest-bearing deposits with banks 367 404 276
Total interest income 41,466 51,052 60,544
Interest expense      
Deposits 10,191 16,215 23,370
FHLB advances 2,055 2,270 4,189
Total interest expense 12,246 18,485 27,559
Net interest income 29,220 32,567 32,985
Provision for loan losses 3,050 4,700 53,100
Net interest income (loss) after provision for loan losses 26,170 27,867 (20,115)
Noninterest income      
Net gain on sale of investments 301 2,226 843
Other 535 307 198
Total noninterest income 836 2,533 1,041
Noninterest expense      
Salaries and employee benefits 13,826 13,259 12,347
Occupancy and equipment 1,552 1,555 1,657
Professional fees 1,850 1,966 2,148
Data processing 701 761 723
Gain on sale of OREO property, net (607) (1,561) (185)
OREO market value adjustments 2,046 1,924 5,624
OREO-related expenses, net 1,764 2,973 3,419
Regulatory assessments 1,004 2,437 2,837
Insurance and bond premiums 401 990 597
Proxy contest and related litigation 1,054 0 0
Marketing 227 205 233
Other general and administrative 1,474 1,649 1,663
Total noninterest expense 25,292 26,158 31,063
Income (loss) before provision (benefit) for federal income taxes 1,714 4,242 (50,137)
Federal income tax provision (benefit) (999) 0 3,999
Net income (loss) $ 2,713 $ 4,242 $ (54,136)
Basic earnings (loss) per share (usd per share) $ 0.15 $ 0.24 $ (3.11)
Diluted earnings (loss) per share (usd per share) $ 0.15 $ 0.24 $ (3.11)