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FIRST FINANCIAL NORTHWEST, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans, including fees $ 13,281,000 $ 13,042,000
Investments available-for-sale 1,159,000 929,000
Interest-earning deposits with banks 40,000 38,000
Dividends on FHLB stock 91,000 104,000
Total interest income 14,571,000 14,113,000
Interest expense    
Deposits 3,822,000 2,276,000
FHLB advances and other borrowings 897,000 853,000
Total interest expense 4,719,000 3,129,000
Net interest income 9,852,000 10,984,000
Provision (recapture of provision) for loan losses 400,000 (4,000,000)
Net interest income after provision (recapture of provision) for loan losses 9,452,000 14,984,000
Noninterest income    
Net loss on sale of investments (8,000) 0
BOLI income 269,000 249,000
Wealth management revenue 196,000 99,000
Deposit Fees 171,000 161,000
Loan related fees 63,000 134,000
Other 9,000 3,000
Total noninterest income 700,000 646,000
Noninterest expense    
Salaries and employee benefits 5,000,000 4,662,000
Occupancy and equipment 866,000 769,000
Professional fees 496,000 328,000
Data processing 518,000 324,000
OREO related expenses, net 31,000 1,000
Regulatory assessments 137,000 155,000
Insurance and bond premiums 105,000 106,000
Marketing 86,000 107,000
Other general and administrative 470,000 575,000
Total noninterest expense 7,709,000 7,027,000
Income before federal income tax provision 2,443,000 8,603,000
Federal income tax provision 498,000 1,761,000
Net income $ 1,945,000 $ 6,842,000
Earnings per common share    
Basic earnings per share (in dollars per share) $ 0.19 $ 0.67
Diluted earnings per share (in dollars per share) $ 0.19 $ 0.66
Weighted average number of common shares outstanding    
Basic shares outstanding (in shares) 10,118,286 10,210,828
Diluted shares outstanding (in shares) 10,220,900 10,336,566