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| | | | | A-1 | | | |
| | | | | B-1 | | | |
| | | | | C-1 | | |
|
Transaction Value / Fully Diluted Tangible Book Value:
|
| | | | 141.4% | | |
|
Transaction Value / LTM(1) Earnings:
|
| | | | 26.8x | | |
|
Transaction Value / Estimated 2023 Earnings:
|
| | | | 34.9x | | |
|
Core Deposit Premium(2):
|
| | | | 7.1% | | |
|
Market Premium as of January 9, 2024:
|
| | | | 75.2% | | |
| | | | | | | | | | | | | | | | | |
Price /
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
Company
|
| |
Ticker
|
| |
Total
Assets ($M) |
| |
Mkt
Cap ($M) |
| |
Tang.
Book Value |
| |
LTM
EPS |
| |
Div.
Yield |
| |
LTM
ROAA |
| |
LTM
ROAE |
| |
TCE / TA |
| |
NPAs / Assets |
| |||||||||||||||||||||||||||
FS Bancorp Inc.
|
| | FSBW | | | | | 2,920 | | | | | | 284 | | | | | | 125.8% | | | | | | 8.6x | | | | | | 2.7% | | | | | | 1.22% | | | | | | 13.2% | | | | | | 7.9% | | | | | | 0.21% | | |
Northrim BanCorp Inc
|
| | NRIM | | | | | 2,790 | | | | | | 294 | | | | | | 142.4% | | | | | | 11.1x | | | | | | 4.4% | | | | | | 1.03% | | | | | | 12.2% | | | | | | 7.5% | | | | | | 0.19% | | |
BayCom Corp
|
| | BCML | | | | | 2,574 | | | | | | 261 | | | | | | 100.3% | | | | | | 9.8x | | | | | | 1.8% | | | | | | 1.12% | | | | | | 9.1% | | | | | | 10.4% | | | | | | 0.53% | | |
PCB Bancorp
|
| | PCB | | | | | 2,568 | | | | | | 255 | | | | | | 94.4% | | | | | | 7.8x | | | | | | 3.9% | | | | | | 1.35% | | | | | | 9.9% | | | | | | 10.6% | | | | | | 0.15% | | |
Central Valley Community Bncp
|
| | CVCY | | | | | 2,435 | | | | | | 256 | | | | | | 200.2% | | | | | | 9.3x | | | | | | 2.2% | | | | | | 1.11% | | | | | | 15.3% | | | | | | 5.4% | | | | | | 0.00% | | |
Southern California Bancorp
|
| | BCAL | | | | | 2,314 | | | | | | 312 | | | | | | 130.2% | | | | | | 10.6x | | | | | | — | | | | | | 1.30% | | | | | | 11.3% | | | | | | 10.5% | | | | | | 0.62% | | |
Territorial Bancorp Inc.
|
| | TBNK | | | | | 2,211 | | | | | | 94 | | | | | | 39.0% | | | | | | 12.0x | | | | | | 1.8% | | | | | | 0.37% | | | | | | 3.2% | | | | | | 11.2% | | | | | | 0.10% | | |
First Northwest Bancorp
|
| | FNWB | | | | | 2,154 | | | | | | 137 | | | | | | 95.6% | | | | | | 10.1x | | | | | | 1.8% | | | | | | 0.65% | | | | | | 8.5% | | | | | | 7.2% | | | | | | 0.11% | | |
Eagle Bancorp Montana Inc.
|
| | EBMT | | | | | 2,063 | | | | | | 120 | | | | | | 105.7% | | | | | | 10.3x | | | | | | 3.6% | | | | | | 0.58% | | | | | | 7.2% | | | | | | 5.7% | | | | | | 0.38% | | |
Timberland Bancorp Inc.
|
| | TSBK | | | | | 1,840 | | | | | | 243 | | | | | | 111.5% | | | | | | 9.1x | | | | | | 3.1% | | | | | | 1.50% | | | | | | 12.0% | | | | | | 11.9% | | | | | | 0.22% | | |
Oak Valley Bancorp
|
| | OVLY | | | | | 1,835 | | | | | | 228 | | | | | | 175.3% | | | | | | 6.7x | | | | | | 1.2% | | | | | | 1.80% | | | | | | 25.6% | | | | | | 7.2% | | | | | | 0.00% | | |
Riverview Bancorp Inc.
|
| | RVSB | | | | | 1,584 | | | | | | 128 | | | | | | 102.5% | | | | | | 9.6x | | | | | | 3.9% | | | | | | 0.85% | | | | | | 8.8% | | | | | | 8.0% | | | | | | 0.01% | | |
Plumas Bancorp
|
| | PLBC | | | | | 1,573 | | | | | | 224 | | | | | | 197.9% | | | | | | 7.6x | | | | | | 2.6% | | | | | | 1.88% | | | | | | 24.3% | | | | | | 7.2% | | | | | | 0.31% | | |
Provident Financial Holdings
|
| | PROV | | | | | 1,313 | | | | | | 90 | | | | | | 69.9% | | | | | | 11.0x | | | | | | 4.4% | | | | | | 0.64% | | | | | | 6.3% | | | | | | 9.8% | | | | | | 0.10% | | |
United Security Bancshares
|
| | UBFO | | | | | 1,273 | | | | | | 126 | | | | | | 114.1% | | | | | | 6.4x | | | | | | 6.3% | | | | | | 1.53% | | | | | | 17.6% | | | | | | 8.7% | | | | | | 1.47% | | |
Summit State Bank
|
| | SSBI | | | | | 1,142 | | | | | | 80 | | | | | | 94.3% | | | | | | 5.9x | | | | | | 3.9% | | | | | | 1.19% | | | | | | 14.7% | | | | | | 7.5% | | | | | | 3.09% | | |
Sound Financial Bancorp Inc.
|
| | SFBC | | | | | 1,030 | | | | | | 100 | | | | | | 100.7% | | | | | | 11.1x | | | | | | 1.9% | | | | | | 0.92% | | | | | | 9.2% | | | | | | 9.7% | | | | | | 0.23% | | |
Mean | | | | | | | | 1,978 | | | | | | 190 | | | | | | 117.7% | | | | | | 9.2x | | | | | | 3.1% | | | | | | 1.12% | | | | | | 12.3% | | | | | | 8.6% | | | | | | 0.45% | | |
Median | | | | | | | | 2,063 | | | | | | 224 | | | | | | 105.7% | | | | | | 9.6x | | | | | | 2.9% | | | | | | 1.12% | | | | | | 11.3% | | | | | | 8.0% | | | | | | 0.21% | | |
First Financial Northwest Inc
|
| | FFNW | | | | | 1,526 | | | | | | 126 | | | | | | 79.9% | | | | | | 15.3x | | | | | | 3.8% | | | | | | 0.55% | | | | | | 5.2% | | | | | | 10.4% | | | | | | 0.01% | | |
| | | | | | | | | | | |
Deal Price/
|
| | | | | | | | | | | | | |
Seller Financial Metrics
|
| ||||||||||||||||||||||||||||||
Date
Annc. |
| |
Buyer / Seller
|
| |
Deal
Value ($M) |
| |
Tang.
Book Value |
| |
LTM(1)
EPS |
| |
Prem.
to Core Deps |
| |
1-Day
Market Prem. |
| |
Total
Assets ($M) |
| |
NPAs/ Assets |
| |
TCE / TA |
| |
LTM(1)
ROAA |
| |||||||||||||||||||||||||||
12/12/23 | | |
Orrstown Financial Services, Inc. / Codorus
Valley Bancorp, Inc. |
| | | | 206 | | | | | | 113.3% | | | | | | 7.5x | | | | | | 1.5% | | | | | | 3.9% | | | | | | 2,191 | | | | | | 0.36% | | | | | | 8.26% | | | | | | 1.26% | | |
11/13/23 | | | First Financial Corp. / Simply Bank | | | | | 73 | | | | | | 132.4% | | | | | | 9.0x | | | | | | 3.6% | | | | | | NA | | | | | | 702 | | | | | | 0.80% | | | | | | 7.90% | | | | | | 1.41% | | |
10/26/23 | | |
Old National Bancorp / CapStar Financial Holdings, Inc.
|
| | | | 319 | | | | | | 106.3% | | | | | | 9.8x | | | | | | NA | | | | | | 3.1% | | | | | | 3,265 | | | | | | 0.20% | | | | | | 9.34% | | | | | | 1.06% | | |
09/27/23 | | |
Peoples Financial Services Corp. / FNCB Bancorp, Inc.
|
| | | | 128 | | | | | | 101.8% | | | | | | 8.0x | | | | | | NA | | | | | | 5.3% | | | | | | 1,862 | | | | | | 0.29% | | | | | | 6.66% | | | | | | 0.91% | | |
08/31/23 | | |
NexTier Incorporated / Mars Bancorp, Inc.
|
| | | | 32 | | | | | | 128.4% | | | | | | 20.2x | | | | | | 1.7% | | | | | | 53.3% | | | | | | 521 | | | | | | 0.01% | | | | | | 4.78% | | | | | | 0.30% | | |
08/24/23 | | |
Burke & Herbert Financial Services Corp. /
Summit Financial Group, Inc. |
| | | | 372 | | | | | | 114.9% | | | | | | 6.5x | | | | | | 1.4% | | | | | | 6.4% | | | | | | 4,552 | | | | | | 0.35% | | | | | | 7.19% | | | | | | 1.28% | | |
07/25/23 | | |
Atlantic Union Bankshares Corp. / American National Bankshares Inc.
|
| | | | 448 | | | | | | 184.7% | | | | | | 13.2x | | | | | | 8.5% | | | | | | 32.2% | | | | | | 3,113 | | | | | | 0.04% | | | | | | 7.94% | | | | | | 1.09% | | |
04/18/23 | | |
CCFNB Bancorp, Inc. / Muncy Bank Financial, Inc.
|
| | | | 60 | | | | | | 121.9% | | | | | | 10.5x | | | | | | 2.4% | | | | | | -7.3% | | | | | | 651 | | | | | | NA | | | | | | 7.53% | | | | | | 0.90% | | |
03/21/23 | | |
First Mid Bancshares, Inc. / Blackhawk Bancorp, Inc.
|
| | | | 90 | | | | | | 138.1% | | | | | | 6.6x | | | | | | 2.2% | | | | | | 4.9% | | | | | | 1,322 | | | | | | 0.36% | | | | | | 4.94% | | | | | | 1.01% | | |
02/23/23 | | |
Main Street Financial Services Corp. / Wayne Savings Bancshares, Inc.
|
| | | | 67 | | | | | | 155.7% | | | | | | 7.8x | | | | | | 4.4% | | | | | | 15.2% | | | | | | 730 | | | | | | 0.14% | | | | | | 5.91% | | | | | | 1.34% | | |
02/22/23 | | |
LINKBANCORP, Inc. / Partners Bancorp
|
| | | | 161 | | | | | | 126.5% | | | | | | 11.9x | | | | | | NA | | | | | | -0.3% | | | | | | 1,575 | | | | | | 0.28% | | | | | | 8.15% | | | | | | 0.81% | | |
02/13/23 | | |
United Community Banks, Inc. / First Miami Bancorp, Inc.
|
| | | | 114 | | | | | | 159.5% | | | | | | 14.7x | | | | | | NA | | | | | | 8.0% | | | | | | 1,031 | | | | | | NA | | | | | | NA | | | | | | NA | | |
| | | Mean | | | | | 172 | | | | | | 131.9% | | | | | | 10.5x | | | | | | 3.2% | | | | | | 11.3% | | | | | | 1,793 | | | | | | 0.28% | | | | | | 7.15% | | | | | | 1.03% | | |
| | | Median | | | | | 121 | | | | | | 127.4% | | | | | | 9.4x | | | | | | 2.3% | | | | | | 5.3% | | | | | | 1,448 | | | | | | 0.29% | | | | | | 7.53% | | | | | | 1.06% | | |
01/11/24 | | |
Global / First Financial
|
| | |
|
223
|
| | | |
|
141.4%
|
| | | |
|
26.8x
|
| | | |
|
7.1%
|
| | | |
|
75.2%
|
| | | |
|
1,526
|
| | | |
|
0.01%
|
| | | |
|
10.36%
|
| | | |
|
0.55%
|
| |
| | | | | | | | | | | |
Deal Price/
|
| | | | | | | | | | | | | |
Seller Financial Metrics
|
| ||||||||||||||||||||||||||||||
Date
Annc. |
| |
Buyer / Seller
|
| |
Deal
Value ($M) |
| |
Tang.
Book Value |
| |
LTM(1)
EPS |
| |
Prem.
to Core Deps |
| |
1-Day
Market Prem. |
| |
Total
Assets ($M) |
| |
NPAs/ Assets |
| |
TCE / TA |
| |
LTM(1)
ROAA |
| |||||||||||||||||||||||||||
10/10/23
|
| |
Glacier Bancorp, Inc. / Community Financial Group, Inc.
|
| | | | 100 | | | | | | 88.0% | | | | | | 8.7x | | | | | | -1.4% | | | | | | -12.3% | | | | | | 1,131 | | | | | | 0.09% | | | | | | 9.96% | | | | | | 1.05% | | |
08/08/23
|
| |
National Bank Holdings Corp. / Bancshares of Jackson Hole, Inc.
|
| | | | 81 | | | | | | 161.0% | | | | | | 11.6x | | | | | | NA | | | | | | 147.6% | | | | | | 716 | | | | | | NA | | | | | | 6.34% | | | | | | NA | | |
08/01/23
|
| |
TriCo Bancshares / Valley Republic Bancorp
|
| | | | 22 | | | | | | 151.0% | | | | | | 29.4x | | | | | | 6.6% | | | | | | 79.8% | | | | | | 175 | | | | | | 0.81% | | | | | | 8.50% | | | | | | 0.47% | | |
04/27/23
|
| | CVB Financial Corp. / Suncrest Bank | | | | | 30 | | | | | | 96.4% | | | | | | 9.0x | | | | | | -0.4% | | | | | | 19.4% | | | | | | 383 | | | | | | 0.37% | | | | | | 8.03% | | | | | | 0.88% | | |
04/21/23
|
| |
Columbia Banking System, Inc. / Bank
of Commerce Holdings |
| | | | 15 | | | | | | 95.4% | | | | | | 8.4x | | | | | | -0.5% | | | | | | NA | | | | | | 211 | | | | | | 0.00% | | | | | | 11.50% | | | | | | 0.97% | | |
| | | Mean | | | | | 50 | | | | | | 118.3% | | | | | | 13.4x | | | | | | 1.1% | | | | | | 58.6% | | | | | | 523 | | | | | | 0.32% | | | | | | 8.87% | | | | | | 0.84% | | |
| | | Median | | | | | 30 | | | | | | 96.4% | | | | | | 9.0x | | | | | | -0.4% | | | | | | 49.6% | | | | | | 383 | | | | | | 0.23% | | | | | | 8.50% | | | | | | 0.93% | | |
01/11/24
|
| |
Global / First Financial
|
| | |
|
223
|
| | | |
|
141.4%
|
| | | |
|
26.8x
|
| | | |
|
7.1%
|
| | | |
|
75.2%
|
| | | |
|
1,526
|
| | | |
|
0.01%
|
| | | |
|
10.36%
|
| | | |
|
0.55%
|
| |
| | |
Price / Tangible Book Value Multiples
|
| |||||||||||||||||||||||||||
Discount Rate
|
| |
1.3x
|
| |
1.4x
|
| |
1.5x
|
| |
1.6x
|
| |
1.7x
|
| |||||||||||||||
12.0%
|
| | | $ | 15.12 | | | | | $ | 16.13 | | | | | $ | 17.14 | | | | | $ | 18.15 | | | | | $ | 19.17 | | |
12.5%
|
| | | $ | 14.79 | | | | | $ | 15.78 | | | | | $ | 16.77 | | | | | $ | 17.76 | | | | | $ | 18.75 | | |
13.0%
|
| | | $ | 14.47 | | | | | $ | 15.43 | | | | | $ | 16.40 | | | | | $ | 17.37 | | | | | $ | 18.33 | | |
13.5%
|
| | | $ | 14.16 | | | | | $ | 15.10 | | | | | $ | 16.04 | | | | | $ | 16.99 | | | | | $ | 17.93 | | |
14.0%
|
| | | $ | 13.85 | | | | | $ | 14.78 | | | | | $ | 15.70 | | | | | $ | 16.62 | | | | | $ | 17.54 | | |
| | |
Price / Earnings Multiples
|
| |||||||||||||||||||||||||||
Discount Rate
|
| |
13.0x
|
| |
14.0x
|
| |
15.0x
|
| |
16.0x
|
| |
17.0x
|
| |||||||||||||||
12.0%
|
| | | $ | 8.53 | | | | | $ | 9.03 | | | | | $ | 9.54 | | | | | $ | 10.04 | | | | | $ | 10.55 | | |
12.5%
|
| | | $ | 8.35 | | | | | $ | 8.84 | | | | | $ | 9.34 | | | | | $ | 9.83 | | | | | $ | 10.33 | | |
13.0%
|
| | | $ | 8.18 | | | | | $ | 8.66 | | | | | $ | 9.14 | | | | | $ | 9.63 | | | | | $ | 10.11 | | |
13.5%
|
| | | $ | 8.01 | | | | | $ | 8.48 | | | | | $ | 8.95 | | | | | $ | 9.43 | | | | | $ | 9.90 | | |
14.0%
|
| | | $ | 7.85 | | | | | $ | 8.31 | | | | | $ | 8.77 | | | | | $ | 9.23 | | | | | $ | 9.69 | | |
|
Risk-Free Rate – 10 UST Yield
|
| | | | 4.03% | | |
|
Equity Risk Premium
|
| | | | 6.00% | | |
|
Industry Beta
|
| | | | 1.0x | | |
|
Small Cap Premium
|
| | | | 1.50% | | |
|
Specific Company Risk Premium
|
| | | | 1.50% | | |
|
Calculated Discount Rate (Rounded)
|
| | | | 13.00% | | |
Executive Officer
|
| |
Shares of
Restricted Stock |
| |
Estimated
Value(1) |
| ||||||
Joseph W. Kiley III
|
| | | | 2,208 | | | | | $ | 51,490 | | |
Richard P. Jacobson
|
| | | | 1,044 | | | | | $ | 24,346 | | |
Dalen D. Harrison
|
| | | | 710 | | | | | $ | 16,557 | | |
Ronnie J. Clariza
|
| | | | 571 | | | | | $ | 13,316 | | |
Simon Soh
|
| | | | 698 | | | | | $ | 16,277 | | |
Executive Officer
|
| |
Company
Vested Stock Options |
| |
Company Unvested
Stock Options |
| |
Aggregate Estimated
in-the-Money Value(1) |
| |||||||||
Joseph W. Kiley III
|
| | | | 50,000 | | | | | | — | | | | | $ | 621,500 | | |
Richard P. Jacobson
|
| | | | 40,000 | | | | | | 40,000 | | | | | $ | 861,600 | | |
Dalen D. Harrison
|
| | | | 7,500 | | | | | | — | | | | | $ | 94,125 | | |
Simon Soh
|
| | | | 25,000 | | | | | | — | | | | | $ | 318,500 | | |
Executive Officer
|
| |
Company
Shares held in ESOP |
| |
Estimated
Value(1) |
| ||||||
Joseph W. Kiley III
|
| | | | 41,334 | | | | | $ | 963,909 | | |
Richard P. Jacobson
|
| | | | 34,736 | | | | | $ | 810,044 | | |
Dalen D. Harrison
|
| | | | 26,231 | | | | | $ | 611,707 | | |
Ronnie J. Clariza
|
| | | | 55,739 | | | | | $ | 1,299,833 | | |
Simon Soh
|
| | | | 49,558 | | | | | $ | 1,155,693 | | |
Director/Executive Officer
|
| |
Employment or
Change in Control Agreement |
| |
Cash Out Value
of Stock Options(1) |
| |
Value of
Restricted Stock(2) |
| |
SERP
Termination |
| |
Tax Gross-Up
Payments for Split Dollar Arrangements and SERPs |
| |
Total
Cash Value to be Received |
| ||||||||||||||||||
Joseph W. Kiley III
|
| | | $ | 2,328,454 | | | | | $ | 621,500 | | | | | $ | 51,490 | | | | | $ | 1,173,428 | | | | | $ | 839,529 | | | | | $ | 5,021,711 | | |
Richard P. Jacobson
|
| | | $ | 1,424,753 | | | | | $ | 861,600 | | | | | $ | 24,346 | | | | | $ | 1,087,411 | | | | | $ | 773,366 | | | | | $ | 4,182,822 | | |
Dalen D. Harrison
|
| | | $ | 623,493 | | | | | $ | 94,125 | | | | | $ | 16,557 | | | | | | — | | | | | $ | 31,062 | | | | | $ | 766,387 | | |
Ronnie J. Clariza
|
| | | $ | 518,584 | | | | | | — | | | | | $ | 13,316 | | | | | | — | | | | | $ | 11,555 | | | | | $ | 543,535 | | |
Simon Soh
|
| | | $ | 621,654 | | | | | $ | 318,500 | | | | | $ | 16,277 | | | | | | — | | | | | $ | 20,570 | | | | | $ | 980,599 | | |
Diane C. Davis
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 11,033 | | | | | $ | 11,033 | | |
Joann E. Lee
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 13,239 | | | | | $ | 13,239 | | |
Roger H. Molvar
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 9,703 | | | | | $ | 9,703 | | |
Cindy L. Runger
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 8,480 | | | | | $ | 8,480 | | |
Director/Executive Officer
|
| |
Employment or
Change in Control Agreement |
| |
Cash Out Value
of Stock Options(1) |
| |
Value of
Restricted Stock(2) |
| |
SERP
Termination |
| |
Tax Gross-Up
Payments for Split Dollar Arrangements and SERPs |
| |
Total
Cash Value to be Received |
| ||||||||||||||||||
Ralph C. Sabin
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 10,019 | | | | | $ | 10,019 | | |
Named Executive Officer
|
| |
Cash(1)
|
| |
Equity(2)
|
| |
Pension/
NQDC(3) |
| |
Perquisites/
benefits(4) |
| |
Tax
Reimbursements and Gross-Ups(5) |
| |
Total ($)
|
| ||||||||||||||||||
Joseph W. Kiley III
|
| | | $ | 2,303,308 | | | | | $ | 541,948 | | | | | $ | 126,932 | | | | | $ | 25,146 | | | | | $ | 839,529 | | | | | $ | 3,836,863 | | |
Richard P. Jacobson
|
| | | $ | 1,376,004 | | | | | $ | 682,526 | | | | | $ | 276,576 | | | | | $ | 48,749 | | | | | $ | 773,366 | | | | | $ | 3,157,221 | | |
Dalen D. Harrison
|
| | | $ | 590,000 | | | | | $ | 90,075 | | | | | | — | | | | | $ | 33,493 | | | | | $ | 31,062 | | | | | $ | 744,630 | | |
Ronnie J. Clariza
|
| | | $ | 470,000 | | | | | $ | 11,883 | | | | | | — | | | | | $ | 48,584 | | | | | $ | 11,555 | | | | | $ | 542,022 | | |
Simon Soh
|
| | | $ | 570,000 | | | | | $ | 270,275 | | | | | | — | | | | | $ | 51,654 | | | | | $ | 20,570 | | | | | $ | 912,499 | | |
Named Executive Officer
|
| |
Accelerated vesting of
restricted stock awards |
| |
Accelerated vesting of
stock option awards |
| |
Payments in cancellation of
stock option awards |
| |||||||||
Joseph W. Kiley III
|
| | | $ | 45,948 | | | | | | — | | | | | $ | 496,000 | | |
Richard P. Jacobson
|
| | | $ | 21,726 | | | | | $ | 350,000 | | | | | $ | 310,800 | | |
Dalen D. Harrison
|
| | | $ | 14,775 | | | | | | — | | | | | $ | 75,300 | | |
Ronnie J. Clariza
|
| | | $ | 11,883 | | | | | | — | | | | | | — | | |
Simon Soh
|
| | | $ | 14,525 | | | | | | — | | | | | $ | 255,750 | | |
| | | | | | | | | | | | | | | | | | | |
Name of Beneficial Owner
|
| |
Number of Shares
Beneficially Owned |
| |
Percentage
Beneficially Owned (%) |
| ||||||
Beneficial Owners of More than 5% | | | | | | | | | | | | | |
First Financial Northwest Foundation
|
| | | | 877,882(1) | | | | | | 9.57 | | |
First Financial Northwest, Inc. Employee Stock Ownership Plan
|
| | | | 746,826(2) | | | | | | 8.14 | | |
Dimensional Fund Advisors LP
|
| | | | 742,771(3) | | | | | | 8.10 | | |
Strategic Value Investors, LP
|
| | | | 503,467(4) | | | | | | 5.49 | | |
Renaissance Technologies, LLC
|
| | | | 482,101(5) | | | | | | 5.25 | | |
Directors | | | | | | | | | | | | | |
Diane C. Davis
|
| | | | 6,868 | | | | | | ** | | |
Richard P. Jacobson*
|
| | | | 109,083(6) | | | | | | 1.18 | | |
Joseph W. Kiley III*
|
| | | | 145,685(7) | | | | | | 1.58 | | |
Joann E. Lee
|
| | | | 104,432 | | | | | | ** | | |
Roger H. Molvar
|
| | | | 18,135 | | | | | | ** | | |
Cindy L. Runger
|
| | | | 4,822 | | | | | | ** | | |
Ralph C. Sabin
|
| | | | 14,377 | | | | | | ** | | |
Named Executive Officers | | | | | | | | | | | | | |
Ronnie J. Clariza
|
| | | | 84,126(8) | | | | | | ** | | |
Dalen D. Harrison
|
| | | | 63,547(9) | | | | | | ** | | |
Simon Soh
|
| | | | 121,367 (10) | | | | | | 1.32 | | |
All Executive Officers and Directors as a Group (10 persons)
|
| | | | 672,412 | | | | | | 7.23 | | |
| | | | | A-1 | | | |
| | | | | A-1 | | | |
| | | | | A-10 | | | |
| | | | | A-10 | | | |
| | | | | A-10 | | | |
| | | | | A-11 | | | |
| | | | | A-12 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-14 | | | |
| | | | | A-15 | | | |
| | | | | A-15 | | | |
| | | | | A-15 | | | |
| | | | | A-15 | | | |
| | | | | A-15 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-16 | | | |
| | | | | A-17 | | | |
| | | | | A-17 | | | |
| | | | | A-17 | | | |
| | | | | A-17 | | | |
| | | | | A-18 | | | |
| | | | | A-18 | | | |
| | | | | A-19 | | | |
| | | | | A-21 | | | |
| | | | | A-21 | | | |
| | | | | A-22 | | | |
| | | | | A-22 | | | |
| | | | | A-22 | | | |
| | | | | A-22 | | |
| | | | | A-22 | | | |
| | | | | A-23 | | | |
| | | | | A-24 | | | |
| | | | | A-25 | | | |
| | | | | A-25 | | | |
| | | | | A-26 | | | |
| | | | | A-26 | | | |
| | | | | A-26 | | | |
| | | | | A-26 | | | |
| | | | | A-26 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-27 | | | |
| | | | | A-28 | | | |
| | | | | A-28 | | | |
| | | | | A-28 | | | |
| | | | | A-28 | | | |
| | | | | A-28 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-29 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-30 | | | |
| | | | | A-31 | | | |
| | | | | A-31 | | | |
| | | | | A-32 | | | |
| | | | | A-35 | | | |
| | | | | A-35 | | | |
| | | | | A-35 | | |
| | | | | A-35 | | | |
| | | | | A-36 | | | |
| | | | | A-36 | | | |
| | | | | A-36 | | | |
| | | | | A-36 | | | |
| | | | | A-36 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-37 | | | |
| | | | | A-38 | | | |
| | | | | A-38 | | | |
| | | | | A-38 | | | |
| | | | | A-39 | | | |
| | | | | A-39 | | | |
| | | | | A-39 | | | |
| | | | | A-39 | | | |
| | | | | A-40 | | | |
| | | | | A-40 | | | |
| | | | | A-40 | | | |
| | | | | A-41 | | | |
| | | | | A-41 | | | |
| | | | | A-42 | | | |
| | | | | A-42 | | | |
| | | | | A-42 | | | |
| | | | | A-42 | | | |
| | | | | A-43 | | | |
| | | | | A-45 | | | |
| | | | | A-45 | | | |
| | | | | A-45 | | | |
| | | | | A-46 | | | |
| | | | | A-46 | | | |
| | | | | A-46 | | | |
| | | | | A-46 | | | |
| | | | | A-46 | | | |
| | | | | A-47 | | | |
| | | | | A-47 | | | |
| | | | | A-47 | | |
| | | | | A-47 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-48 | | | |
| | | | | A-49 | | | |
| | | | | A-49 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-50 | | | |
| | | | | A-51 | | | |
| | | | | A-51 | | | |
| | | | | A-51 | | | |
| | | | | A-51 | | |
| Exhibit A | | | Form of Assignment and Assumption Agreement | |
| Exhibit B | | | Form of Limited Warranty Deed | |
| Exhibit C | | | Form of Bill of Sale and Assignment | |
| Exhibit D | | | Form of Retirement Account Transfer Agreement | |
| Exhibit E | | | Form of Limited Power of Attorney | |
| Exhibit F | | | Form of Non-Solicitation Agreement | |
| Exhibit G | | | Form of Voting Agreement | |
| Exhibit A | | | Form of Assignment and Assumption Agreement | |
| Exhibit B | | | Form of Limited Warranty Deed | |
| Exhibit C | | | Form of Bill of Sale and Assignment | |
| Exhibit D | | | Retirement Account Transfer Agreement | |
| Exhibit E | | | Limited Power of Attorney | |
| Exhibit F | | | Non-Solicitation Agreement | |
| Exhibit G | | | Voting Agreement | |
Name: |
|
Address: |
|
Email: |
|
Shareholders
|
| |
Shares Owned
or Controlled |
| |
Rights to
Acquire Additional Shares |
| |
Percentage
Ownership (Outstanding) |
|
Signature
Printed Name
|
| | | | | | | | | |
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
|
| | | | | | | | | |
Signature
Printed Name
|
| | | | | | | | | |
|
| | | | | | | | | |
|
Signature
Printed Name
|
| | | | | | |
|
|
| | | | | | |
|
Signature
Printed Name
|
| | | | | | |
|
|
| | | | | | |
|
Signature
Printed Name
|
| | | | | | |
|
|
| | | | | | |
|
Signature
Printed Name
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| | | | | | |
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