2016 Q4 Form 10-Q Financial Statement

#000093905716001078 Filed on November 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 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 $280.0K $280.0K $210.0K
YoY Change 16.67% 33.33% 10.53%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.105M $1.908M $1.694M
YoY Change 18.79% 12.63% 11.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.344M $3.453M $3.430M
YoY Change 19.24% 0.67% -18.27%
Income Tax $1.320M $850.0K $980.0K
% Of Pretax Income 30.39% 24.62% 28.57%
Net Earnings $3.021M $2.606M $2.446M
YoY Change 42.7% 6.54% -10.57%
Net Earnings / Revenue
Basic Earnings Per Share $0.29 $0.22 $0.18
Diluted Earnings Per Share $0.29 $0.22 $0.18
COMMON SHARES
Basic Shares Outstanding 10.93M shares 11.86M shares 13.37M shares
Diluted Shares Outstanding 12.01M shares 13.53M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.35M $32.51M $122.4M
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 $18.46M $18.30M $17.52M
YoY Change 4.26% 4.46% 3.89%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.100M $3.100M $5.200M
YoY Change -32.61% -40.38% -48.51%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.038B $1.075B $984.1M
YoY Change 5.89% 9.21% 7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $100.0K $100.0K
YoY Change 100.0% 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 $200.0K $100.0K $100.0K
YoY Change 100.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.000M $6.100M $5.500M
YoY Change 25.0% 10.91% 19.57%
Total Long-Term Liabilities $8.000M $6.100M $5.500M
YoY Change 25.0% 10.91% 19.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $100.0K $100.0K
Total Long-Term Liabilities $8.000M $6.100M $5.500M
Total Liabilities $899.5M $923.6M $809.1M
YoY Change 11.15% 14.15% 10.29%
SHAREHOLDERS EQUITY
Retained Earnings $48.98M $46.57M $41.54M
YoY Change 14.2% 12.1% 19.59%
Common Stock $109.0K $119.0K $142.0K
YoY Change -21.01% -16.2% -8.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $138.1M $151.1M $175.0M
YoY Change
Total Liabilities & Shareholders Equity $1.038B $1.075B $984.1M
YoY Change 5.89% 9.21% 7.5%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $3.021M $2.606M $2.446M
YoY Change 42.7% 6.54% -10.57%
Depreciation, Depletion And Amortization $280.0K $280.0K $210.0K
YoY Change 16.67% 33.33% 10.53%
Cash From Operating Activities $5.170M $6.330M $4.700M
YoY Change 72.33% 34.68% -29.22%
INVESTING ACTIVITIES
Capital Expenditures -$440.0K -$370.0K -$790.0K
YoY Change 2.33% -53.16% 3850.0%
Acquisitions
YoY Change
Other Investing Activities $33.94M -$81.76M -$24.29M
YoY Change -355.38% 236.6% 636.06%
Cash From Investing Activities $33.50M -$82.12M -$25.08M
YoY Change -344.17% 227.43% 657.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.83M 70.80M 35.76M
YoY Change 572.8% 97.99% 208.01%
NET CHANGE
Cash From Operating Activities 5.170M 6.330M 4.700M
Cash From Investing Activities 33.50M -82.12M -25.08M
Cash From Financing Activities -39.83M 70.80M 35.76M
Net Change In Cash -1.160M -4.990M 15.38M
YoY Change -93.03% -132.44% 2.95%
FREE CASH FLOW
Cash From Operating Activities $5.170M $6.330M $4.700M
Capital Expenditures -$440.0K -$370.0K -$790.0K
Free Cash Flow $5.610M $6.700M $5.490M
YoY Change 63.56% 22.04% -17.57%

Facts In Submission

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us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3174000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
884000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4556000 USD
CY2016Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3053000 USD
CY2016Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1600000 USD
CY2015Q4 us-gaap Deposits
Deposits
675407000 USD
CY2016Q3 us-gaap Deposits
Deposits
692171000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
570000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
797000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.301
CY2015Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
39000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
116000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
106000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
177000 USD
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
1031000 USD
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
1145000 USD
CY2015Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
119000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
351000 USD
CY2016Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
82000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
319000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
6137000 USD
CY2016Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
10031000 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
CY2016Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
847000 USD
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
2389000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
732000 USD
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
506000 USD
CY2015Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
42300000 USD
CY2016Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
34000000 USD
CY2015Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
1 USD
CY2016Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 USD
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
CY2016Q3 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
CY2016Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
182000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
923644000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
979913000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
85000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
523000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
33000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
33000 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
CY2016Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-87000 USD
CY2015Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
89000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
270000 USD
CY2016Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
86000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
260000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
49605000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
52254000 USD
CY2016Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
36319000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
38642000 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
CY2016Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
574000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1611000 USD
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
42557000 USD
CY2016Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
34368000 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
CY2016Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
26133000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
27314000 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
CY2016Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
10186000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
11328000 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
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3453000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8260000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
182000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
177000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2025000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-193000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
410000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1232000 USD
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
1958000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
50940000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
16764000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
9723000 USD
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
162258000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-19000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1357000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-299000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2881000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-217000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
128000 USD
CY2015Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
176000 USD
CY2016Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
259000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
700000 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
CY2016Q3 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
792000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
2224000 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
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
9967000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27742000 USD
CY2015Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
646015000 USD
CY2016Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
659111000 USD
CY2015Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
99998000 USD
CY2016Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
26708000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
1694000 USD
us-gaap Interest Expense
InterestExpense
4979000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
1908000 USD
us-gaap Interest Expense
InterestExpense
5402000 USD
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1369000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4016000 USD
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1545000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4469000 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
CY2016Q3 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
363000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
933000 USD
CY2015Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
67000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
196000 USD
CY2016Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
38000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
198000 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
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8034000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
23498000 USD
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7664000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
22754000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8934000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24898000 USD
CY2015Q3 us-gaap Interest Income Operating
InterestIncomeOperating
9358000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
27733000 USD
CY2016Q3 us-gaap Interest Income Operating
InterestIncomeOperating
10842000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
30300000 USD
us-gaap Interest Paid
InterestPaid
4979000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2269000 USD
us-gaap Interest Paid
InterestPaid
5421000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
135000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
116000 USD
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
2968000 USD
CY2016Q3 us-gaap Interest Receivable
InterestReceivable
3378000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-852000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-726000 USD
CY2015Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
129565000 USD
CY2016Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
133865000 USD
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3488000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
10153000 USD
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3821000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
11436000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
809240000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1074698000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9463000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
11006000 USD
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
5000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
87000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2016Q3 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2015Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
31000 USD
CY2016Q3 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
40000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
53854000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
68492000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
685072000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
845930000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0018
CY2016Q3 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0002
CY2015Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
118000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
65000 USD
CY2015Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
365100000 USD
CY2016Q3 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
434600000 USD
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
685072000 USD
CY2016Q3 us-gaap Loans Receivable Net
LoansReceivableNet
845930000 USD
CY2015Q3 us-gaap Marketing Expense
MarketingExpense
103000 USD
us-gaap Marketing Expense
MarketingExpense
190000 USD
CY2016Q3 us-gaap Marketing Expense
MarketingExpense
67000 USD
us-gaap Marketing Expense
MarketingExpense
145000 USD
CY2016Q3 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
81569000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36177000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
84476000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31591000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-169776000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13719000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12100000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
2446000 USD
us-gaap Net Income Loss
NetIncomeLoss
7043000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
2606000 USD
us-gaap Net Income Loss
NetIncomeLoss
5871000 USD
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
29392000 USD
CY2016Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
33060000 USD
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
5381000 USD
us-gaap Noninterest Expense
NoninterestExpense
14545000 USD
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
5254000 USD
us-gaap Noninterest Expense
NoninterestExpense
17099000 USD
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
447000 USD
us-gaap Noninterest Income
NoninterestIncome
895000 USD
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
673000 USD
us-gaap Noninterest Income
NoninterestIncome
1861000 USD
CY2015Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
108000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
377000 USD
CY2016Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
224000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
531000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
751270000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
927697000 USD
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
387000 USD
us-gaap Occupancy Net
OccupancyNet
1039000 USD
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
467000 USD
us-gaap Occupancy Net
OccupancyNet
1463000 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
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-352000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1148000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
85000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
85000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
33000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
33000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
30000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
30000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
12000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
12000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
205000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-65000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-509000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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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, Edmonds, Washington in the first quarter of 2016, and The Landing in Renton, Washington in the third 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. 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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