2016 Q2 Form 10-Q Financial Statement

#000093905716000949 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
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 $270.0K $180.0K
YoY Change 50.0% -5.26%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.713M $1.653M
YoY Change 3.63% 8.97%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.219M $3.551M
YoY Change -37.51% -3.08%
Income Tax $780.0K $1.180M
% Of Pretax Income 35.15% 33.23%
Net Earnings $1.440M $2.368M
YoY Change -39.19% 0.04%
Net Earnings / Revenue
Basic Earnings Per Share $0.12 $0.17
Diluted Earnings Per Share $0.11 $0.17
COMMON SHARES
Basic Shares Outstanding 12.39M shares 13.76M shares
Diluted Shares Outstanding 12.53M shares 13.92M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $37.51M $107.0M
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 $18.21M $16.93M
YoY Change 7.51% -0.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.400M $6.200M
YoY Change -45.16% -45.61%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $999.2M $944.4M
YoY Change 5.8% 5.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K
YoY Change 0.0% 0.0%
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
YoY Change 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.800M $5.900M
YoY Change -1.69% 47.5%
Total Long-Term Liabilities $5.800M $5.900M
YoY Change -1.69% 47.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.0K $100.0K
Total Long-Term Liabilities $5.800M $5.900M
Total Liabilities $829.8M $766.9M
YoY Change 8.2% 7.05%
SHAREHOLDERS EQUITY
Retained Earnings $44.64M $39.90M
YoY Change 11.88% 21.93%
Common Stock $133.0K $146.0K
YoY Change -8.9% -7.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.5M $177.6M
YoY Change
Total Liabilities & Shareholders Equity $999.2M $944.4M
YoY Change 5.8% 5.07%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $1.440M $2.368M
YoY Change -39.19% 0.04%
Depreciation, Depletion And Amortization $270.0K $180.0K
YoY Change 50.0% -5.26%
Cash From Operating Activities $1.550M $7.820M
YoY Change -80.18% 183.33%
INVESTING ACTIVITIES
Capital Expenditures -$310.0K -$270.0K
YoY Change 14.81% 237.5%
Acquisitions
YoY Change
Other Investing Activities -$51.25M -$7.980M
YoY Change 542.23% -190.27%
Cash From Investing Activities -$51.57M -$8.250M
YoY Change 525.09% -194.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.26M -12.87M
YoY Change -560.45% 195.86%
NET CHANGE
Cash From Operating Activities 1.550M 7.820M
Cash From Investing Activities -51.57M -8.250M
Cash From Financing Activities 59.26M -12.87M
Net Change In Cash 9.240M -13.30M
YoY Change -169.47% -285.5%
FREE CASH FLOW
Cash From Operating Activities $1.550M $7.820M
Capital Expenditures -$310.0K -$270.0K
Free Cash Flow $1.860M $8.090M
YoY Change -77.01% 184.86%

Facts In Submission

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us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
754000 USD
CY2015Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
116000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
232000 USD
CY2016Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
117000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
237000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
6137000 USD
CY2016Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
7631000 USD
CY2015Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1183000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
2377000 USD
CY2016Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
779000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1542000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
732000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
564000 USD
CY2015Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
42300000 USD
CY2016Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
36900000 USD
CY2015Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
1 USD
CY2016Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
495000 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-270000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2015Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
131000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
189000 USD
CY2015Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
2000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
531000 USD
CY2016Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-89000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-87000 USD
CY2015Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
89000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
181000 USD
CY2016Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
86000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
174000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
52122000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
53301000 USD
CY2016Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
38888000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
40351000 USD
CY2015Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
730000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1460000 USD
CY2016Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
493000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1077000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
42557000 USD
CY2016Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
37198000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
36413000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
36676000 USD
CY2016Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
28545000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
28920000 USD
CY2015Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
15709000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
16625000 USD
CY2016Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
10343000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
11431000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3551000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
6974000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2219000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
4807000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
182000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
126000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1175000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-232000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
190000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-126000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
350000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
9581000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-15197000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
-5124000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
81474000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-21000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1240000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-591000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-32000 USD
CY2015Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
188000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
348000 USD
CY2016Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
251000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
441000 USD
CY2015Q2 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
495000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
1007000 USD
CY2016Q2 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
757000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
1432000 USD
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
8658000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
17234000 USD
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
9048000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
17775000 USD
CY2015Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
646015000 USD
CY2016Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
635073000 USD
CY2015Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
99998000 USD
CY2016Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
31454000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
1653000 USD
us-gaap Interest Expense
InterestExpense
3285000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
1713000 USD
us-gaap Interest Expense
InterestExpense
3494000 USD
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1333000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2647000 USD
CY2016Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1441000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2924000 USD
CY2015Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
320000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
638000 USD
CY2016Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
272000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
570000 USD
CY2015Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
65000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
129000 USD
CY2016Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
47000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
160000 USD
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8068000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15690000 USD
CY2016Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7583000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15464000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7568000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15090000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8183000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15964000 USD
CY2015Q2 us-gaap Interest Income Operating
InterestIncomeOperating
9221000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
18375000 USD
CY2016Q2 us-gaap Interest Income Operating
InterestIncomeOperating
9896000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
19458000 USD
us-gaap Interest Paid
InterestPaid
3282000 USD
us-gaap Interest Paid
InterestPaid
3515000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
829781000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
979913000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
135000 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
114000 USD
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
2968000 USD
CY2016Q2 us-gaap Interest Receivable
InterestReceivable
3158000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-586000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-498000 USD
CY2015Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
129565000 USD
CY2016Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
136028000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3251000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
6665000 USD
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3841000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7615000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
809240000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
999236000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9463000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
10134000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2881000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1940000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2016Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2015Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
33000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
56000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
13000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
27000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
53854000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
68979000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
685072000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
766046000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0018
CY2016Q2 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0009
CY2015Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
118000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
69000 USD
CY2015Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
365100000 USD
CY2016Q2 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
405700000 USD
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
685072000 USD
CY2016Q2 us-gaap Loans Receivable Net
LoansReceivableNet
766046000 USD
CY2015Q2 us-gaap Marketing Expense
MarketingExpense
54000 USD
us-gaap Marketing Expense
MarketingExpense
87000 USD
CY2016Q2 us-gaap Marketing Expense
MarketingExpense
40000 USD
us-gaap Marketing Expense
MarketingExpense
78000 USD
CY2016Q2 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
85752000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
419000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13683000 USD
us-gaap Noninterest Income
NoninterestIncome
1188000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6514000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87655000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9020000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5766000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
2368000 USD
us-gaap Net Income Loss
NetIncomeLoss
4597000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
1440000 USD
us-gaap Net Income Loss
NetIncomeLoss
3265000 USD
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
29392000 USD
CY2016Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
25137000 USD
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
4874000 USD
us-gaap Noninterest Expense
NoninterestExpense
9164000 USD
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
6072000 USD
us-gaap Noninterest Expense
NoninterestExpense
11845000 USD
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
357000 USD
us-gaap Noninterest Income
NoninterestIncome
448000 USD
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
708000 USD
CY2015Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
221000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
292000 USD
CY2016Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
483000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
797000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
751270000 USD
CY2016Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
847099000 USD
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
314000 USD
us-gaap Occupancy Net
OccupancyNet
652000 USD
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
488000 USD
us-gaap Occupancy Net
OccupancyNet
996000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-488000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-176000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
563000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1500000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-751000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-270000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
866000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2308000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-263000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-94000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
303000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
808000 USD
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
411000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
721000 USD
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
613000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
965000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
6404000 USD
CY2016Q2 us-gaap Other Liabilities
OtherLiabilities
5813000 USD
CY2014Q4 us-gaap Other Real Estate
OtherRealEstate
9283000 USD
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
257000 USD
CY2015Q1 us-gaap Other Real Estate
OtherRealEstate
5575000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2015Q2 us-gaap Other Real Estate
OtherRealEstate
4416000 USD
CY2015Q4 us-gaap Other Real Estate
OtherRealEstate
3663000 USD
CY2016Q1 us-gaap Other Real Estate
OtherRealEstate
3405000 USD
CY2016Q2 us-gaap Other Real Estate
OtherRealEstate
2331000 USD
CY2015Q2 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
0 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
140000 USD
CY2016Q2 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
0 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
0 USD
CY2015Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
3663000 USD
CY2016Q2 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
2331000 USD
CY2016Q2 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
1100000 USD
CY2015Q2 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-46000 USD
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
4000 USD
CY2016Q2 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
0 USD
CY2015Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-39000 USD
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-77000 USD
CY2016Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-101500 USD
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-134000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-208000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
1494000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7986000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5847000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1666000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
1517000 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
20000000 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
10182000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
8520000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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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 Northwest 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;">First Financial Northwest Bank is headquartered in Renton, Washington, where its main, full service retail branch is located. In addition, the Bank opened branches in Mill Creek, Washington in the third quarter of 2015 and Edmonds, Washington in the first quarter of 2016. A fourth branch location opened in July 2016 at The Landing in Renton, Washington. 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. Loans are primarily funded by deposits from the general public, supplemented by borrowings from the Federal Home Loan Bank of Des Moines ("FHLB") 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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