2015 Q4 Form 10-Q Financial Statement

#000093905715000517 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $240.0K $210.0K $190.0K
YoY Change 26.32% 10.53% -5.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.772M $1.694M $1.517M
YoY Change 10.13% 11.67% -15.91%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.643M $3.430M $4.197M
YoY Change -20.53% -18.27% 69.44%
Income Tax $1.530M $980.0K $1.460M
% Of Pretax Income 42.0% 28.57% 34.79%
Net Earnings $2.117M $2.446M $2.735M
YoY Change -27.99% -10.57% 4.71%
Net Earnings / Revenue
Basic Earnings Per Share $0.16 $0.18 $0.19
Diluted Earnings Per Share $0.16 $0.18 $0.19
COMMON SHARES
Basic Shares Outstanding 14.11M shares 13.37M shares 14.46M shares
Diluted Shares Outstanding 13.53M shares 14.59M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $105.7M $122.4M $55.63M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $17.71M $17.52M $16.86M
YoY Change 5.81% 3.89% -3.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.600M $5.200M $10.10M
YoY Change -44.58% -48.51% -31.76%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $979.9M $984.1M $915.4M
YoY Change 4.58% 7.5% 2.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% -98.08%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% -98.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.400M $5.500M $4.600M
YoY Change 56.1% 19.57% -2.13%
Total Long-Term Liabilities $6.400M $5.500M $4.600M
YoY Change 56.1% 19.57% -2.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.0K $100.0K $100.0K
Total Long-Term Liabilities $6.400M $5.500M $4.600M
Total Liabilities $809.2M $809.1M $733.6M
YoY Change 7.1% 10.29% 3.9%
SHAREHOLDERS EQUITY
Retained Earnings $42.89M $41.54M $34.74M
YoY Change 16.02% 19.59% 34.17%
Common Stock $138.0K $142.0K $155.0K
YoY Change -8.61% -8.39% -7.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $170.7M $175.0M $181.8M
YoY Change
Total Liabilities & Shareholders Equity $979.9M $984.1M $915.4M
YoY Change 4.58% 7.5% 2.66%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $2.117M $2.446M $2.735M
YoY Change -27.99% -10.57% 4.71%
Depreciation, Depletion And Amortization $240.0K $210.0K $190.0K
YoY Change 26.32% 10.53% -5.0%
Cash From Operating Activities $3.000M $4.700M $6.640M
YoY Change 18.58% -29.22% 81.42%
INVESTING ACTIVITIES
Capital Expenditures -$430.0K -$790.0K -$20.00K
YoY Change 616.67% 3850.0%
Acquisitions
YoY Change
Other Investing Activities -$13.29M -$24.29M -$3.300M
YoY Change -150.38% 636.06% -353.85%
Cash From Investing Activities -$13.72M -$25.08M -$3.310M
YoY Change -152.15% 657.7% -356.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.920M 35.76M 11.61M
YoY Change -130.22% 208.01% -173.25%
NET CHANGE
Cash From Operating Activities 3.000M 4.700M 6.640M
Cash From Investing Activities -13.72M -25.08M -3.310M
Cash From Financing Activities -5.920M 35.76M 11.61M
Net Change In Cash -16.64M 15.38M 14.94M
YoY Change -134.36% 2.95% -237.06%
FREE CASH FLOW
Cash From Operating Activities $3.000M $4.700M $6.640M
Capital Expenditures -$430.0K -$790.0K -$20.00K
Free Cash Flow $3.430M $5.490M $6.660M
YoY Change 32.43% -17.57% 81.97%

Facts In Submission

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.323
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
897000 USD
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
1031000 USD
CY2014Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
102000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
284000 USD
CY2015Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
119000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
351000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
6745000 USD
CY2015Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
6537000 USD
CY2014Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1462000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4212000 USD
CY2015Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
984000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3361000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1200000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
844000 USD
CY2014Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
54200000 USD
CY2015Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
46600000 USD
CY2014Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
430000 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
226000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2015Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2014Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
49000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
188000 USD
CY2015Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
24000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
17000 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-20000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
85000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
85000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-11000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2014Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
15000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-92000 USD
CY2015Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
531000 USD
CY2014Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
100000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
305000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
52254000 USD
CY2015Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
89000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
270000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
58230000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
60808000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
49605000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
839000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2483000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
692000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2147000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
54444000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
48268000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
35245000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
37117000 USD
CY2015Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
35239000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
36292000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
22985000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
23691000 USD
CY2015Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
14366000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
15962000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4197000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
11959000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3430000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
10404000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
284000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
177000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-297000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-193000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1101000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1232000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-21700000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
50940000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
21936000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
9723000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
42000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1024000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1357000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
634000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-217000 USD
CY2014Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
147000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
469000 USD
CY2015Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
176000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
523000 USD
CY2014Q3 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
554000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
1743000 USD
CY2015Q3 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
578000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
1585000 USD
CY2014Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
9157000 USD
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1193000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27270000 USD
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
8698000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
25932000 USD
CY2014Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
599773000 USD
CY2015Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
634986000 USD
CY2014Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
98129000 USD
CY2015Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
116919000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
1517000 USD
us-gaap Interest Expense
InterestExpense
4632000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
1694000 USD
us-gaap Interest Expense
InterestExpense
4979000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3778000 USD
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1369000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4016000 USD
CY2014Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
324000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
854000 USD
CY2015Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
325000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
963000 USD
CY2014Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
23000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
65000 USD
CY2015Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
67000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
196000 USD
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8519000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
25351000 USD
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8364000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
24054000 USD
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8219000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24451000 USD
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7664000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
22754000 USD
CY2014Q3 us-gaap Interest Income Operating
InterestIncomeOperating
9736000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
29083000 USD
CY2015Q3 us-gaap Interest Income Operating
InterestIncomeOperating
9358000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
27733000 USD
us-gaap Interest Paid
InterestPaid
4590000 USD
us-gaap Interest Paid
InterestPaid
4979000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
142000 USD
CY2015Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
142000 USD
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
3265000 USD
CY2015Q3 us-gaap Interest Receivable
InterestReceivable
3072000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-1086000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-852000 USD
CY2014Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
120374000 USD
CY2015Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
125897000 USD
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2947000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
8693000 USD
us-gaap Noninterest Income
NoninterestIncome
342000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
984069000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10491000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10146000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2604000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2710000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2014Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
26000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
105000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
31000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
87000 USD
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3488000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
10153000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
755585000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
809114000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
936997000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
27359000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
38611000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
663938000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
674820000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0066
CY2015Q3 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0051
CY2014Q4 us-gaap Loans Receivable Net
LoansReceivableNet
663938000 USD
CY2015Q3 us-gaap Loans Receivable Net
LoansReceivableNet
674820000 USD
CY2014Q3 us-gaap Marketing Expense
MarketingExpense
15000 USD
us-gaap Marketing Expense
MarketingExpense
77000 USD
CY2015Q3 us-gaap Marketing Expense
MarketingExpense
103000 USD
us-gaap Marketing Expense
MarketingExpense
190000 USD
CY2015Q3 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
87007000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17918000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36177000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1907000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31591000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16063000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13719000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2735000 USD
us-gaap Net Income Loss
NetIncomeLoss
7747000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
2446000 USD
us-gaap Net Income Loss
NetIncomeLoss
7043000 USD
CY2014Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
14354000 USD
CY2015Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
30081000 USD
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
4508000 USD
us-gaap Noninterest Expense
NoninterestExpense
13734000 USD
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
5381000 USD
us-gaap Noninterest Expense
NoninterestExpense
14545000 USD
CY2014Q3 us-gaap Noninterest Income
NoninterestIncome
186000 USD
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
447000 USD
us-gaap Noninterest Income
NoninterestIncome
895000 USD
CY2014Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
186000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
362000 USD
CY2015Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
362000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
810000 USD
CY2014Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
704392000 USD
CY2015Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
726287000 USD
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
330000 USD
us-gaap Occupancy Net
OccupancyNet
1018000 USD
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
387000 USD
us-gaap Occupancy Net
OccupancyNet
1039000 USD
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8700000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
13000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-55000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-55000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
7000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-30000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-30000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-166000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1272000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
78000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-98000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-89000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
678000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
72000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-22000 USD
CY2014Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
316000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1052000 USD
CY2015Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
523000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1244000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
4109000 USD
CY2015Q3 us-gaap Other Liabilities
OtherLiabilities
5466000 USD
CY2013Q4 us-gaap Other Real Estate
OtherRealEstate
11465000 USD
CY2014Q2 us-gaap Other Real Estate
OtherRealEstate
10114000 USD
CY2014Q3 us-gaap Other Real Estate
OtherRealEstate
9819000 USD
CY2014Q4 us-gaap Other Real Estate
OtherRealEstate
9283000 USD
CY2015Q2 us-gaap Other Real Estate
OtherRealEstate
4416000 USD
CY2015Q3 us-gaap Other Real Estate
OtherRealEstate
4235000 USD
CY2014Q3 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
193000 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
1823000 USD
CY2015Q3 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
0 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
141000 USD
CY2014Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
9283000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
0 USD
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-116000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
120000 USD
CY2015Q3 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
4235000 USD
CY2014Q3 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
511000 USD
us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
3149000 USD
CY2015Q3 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
181000 USD
us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">First Financial Northwest, Inc. (&#8220;First Financial Northwest&#8221;), a Washington corporation, was formed on June 1, 2007 for the purpose of becoming the holding company for First Financial Northwest Bank (&#8220;the Bank&#8221;) in connection with the conversion from a mutual holding company structure to a stock holding company structure completed on October 9, 2007. First Financial Northwest's business activities generally are limited to passive investment activities and oversight of its investment in First Financial Bank. Accordingly, the information presented in the consolidated financial statements and accompanying data, relates primarily to First Financial Northwest Bank. First Financial Northwest is a bank holding company, having converted from a savings and loan holding company on March 31, 2015, and as a bank holding company is subject to regulation by the Federal Reserve Bank of San Francisco. First Financial Northwest Bank is regulated by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) and the Washington State Department of Financial Institutions (&#8220;DFI&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Formerly operating as First Savings Bank Northwest, First Financial Northwest Bank began operating under the new name as of August 21, 2015. First Financial Northwest Bank is headquartered in Renton, Washington, where its main, full service retail branch is located. In addition, the Bank opened a second branch in Mill Creek, Washington on September 1, 2015. Regulatory approval has been received to open a third branch in Edmonds, Washington, which is expected to open in the first quarter of 2016. The Bank's primary market area consists of King, Snohomish, Pierce, and Kitsap counties, Washington.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Bank is a portfolio lender, originating one-to-four family residential, multifamily, commercial real estate, construction/land development, business, and consumer loans. Our portfolio is primarily funded by deposits from the general public, supplemented by borrowings from the Federal Home Loan Bank of Des Moines and deposits raised in the national brokered deposit market.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As used throughout this report, the terms "we," "our," "us," or the "Company" refer to First Financial Northwest, Inc. and its consolidated subsidiary First Financial Northwest Bank, unless the context otherwise requires.</font></div></div>

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