Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

FIRST NORTHWEST BANCORP

Condensed Balance Sheets

(In thousands)

	December 31, 2018		December 31, 2017		June 30, 2017
ASSETS
Cash and due from banks	$	8,508	$	3,541	$	1,560
Investment securities available for sale, at fair value	14,189		19,611		24,260
Investment in bank	137,657		141,486		139,206
ESOP loan receivable	11,300		11,846		11,846
Accrued interest receivable	212		240		104
Prepaid expenses and other assets	534		416		947
Total assets	$	172,400	$	177,140	$	177,923
LIABILITIES AND SHAREHOLDERS' EQUITY
Payable to subsidiary	$	96	$	57	$	45
Other liabilities	40		38		157
Total liabilities	136		95		202
Shareholders' equity	172,264		177,045		177,721
Total liabilities and shareholders' equity	$	172,400	$	177,140	$	177,923

Condensed Statement of Operations

FIRST NORTHWEST BANCORP

Condensed Statements of Income

(In thousands)

	For the Year Ended			For the Six Months Ended			For the Years Ended June 30,
	December 31, 2018			December 31, 2017			2017		2016
Operating income:
Interest and fees on loans receivable	$	282		$	147		$	302	$	305
Interest on mortgage-backed and related securities	209			139			322		251
Interest on investment securities	163			95			225		418
(Loss) gain on sale of securities	(59		)	(39		)	—		4
Dividend from subsidiary	10,000			—			—		—
Total operating income	10,595			342			849		978
Operating expenses:
Other expenses	922			406			587		607
Total operating expenses	922			406			587		607
Income (loss) before (benefit) provision for income taxes and equity in undistributed earnings of subsidiary	9,673			(64		)	262		371
(Benefit) provision for income taxes	(89		)	376			70		128
Income (loss) before equity in undistributed earnings of subsidiary	9,762			(440		)	192		243
Equity in undistributed earnings of subsidiary	7,343			2,099			4,926		3,749
Net income	$	17,105		$	1,659		$	5,118	$	3,992

Condensed Statement of Cash Flows

FIRST NORTHWEST BANCORP

Condensed Statement of Cash Flows

(In thousands)

	For the Year Ended			For the Six Months Ended			For the Years Ended June 30,
	December 31, 2018			December 31, 2017			2017			2016
Cash flows from operating activities:
Net income	$	17,105		$	1,659		$	5,118		$	3,992
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed earnings of subsidiary	(7,343		)	(2,099		)	(4,926		)	(3,749		)
Dividend received from subsidiary	10,000			—			—			—
Amortization of premiums and accretion of discounts on investments, net	89			62			172			201
Gain (loss) on sale of securities available for sale	59			39			—			(4		)
Change in receivable from subsidiary	—			—			—			185
Change in payable to subsidiary	39			12			45			—
Change in other assets	(90		)	456			1,253			(371		)
Change in other liabilities	2			(119		)	(198		)	248
Net cash from operating activities	19,861			10			1,464			502
Cash flows from investing activities:
Purchase of securities available for sale	—			—			—			(13,629		)
Proceeds from maturities, calls, and principal repayments of securities available for sale	3,191			1,992			10,580			4,758
Proceeds from sales of securities available for sale	1,979			2,472			—			13,475
ESOP loan origination	—			—			—			(1,253		)
ESOP loan repayment	546			—			533			504
Net cash from investing activities	5,716			4,464			11,113			3,855
Cash flows from financing activities:
Repurchase of common stock	(10,317		)	(2,493		)	(16,549		)	(5,501		)
Dividends paid	(335		)	—			—			—
Net cash from financing activities	(10,652		)	(2,493		)	(16,549		)	(5,501		)
Net increase (decrease) in cash	14,925			1,981			(3,972		)	(1,144		)
Cash and cash equivalents at beginning of period	3,541			1,560			5,532			6,676
Cash and cash equivalents at end of period	$	18,466		$	3,541		$	1,560		$	5,532
NONCASH INVESTING ACTIVITIES
Unrealized (loss) gain on securities available for sale	$	(104	)	$	(125	)	$	(523	)	$	667