First Northwest Bancorp (FNWB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
105 WEST 8TH STREET PORT ANGELES, WA 98362 |
| State of Incorp. | WA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6036 - Savings Institutions, Not Federally Chartered (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 123,169 | 45,596 | 126,016 | 65,155 | 48,739 | 26,323 | |||
| Cash and cash equivalents | 123,169 | 45,596 | 126,016 | 65,155 | 48,739 | 26,323 | |||
| Financing receivable, accrued interest, after allowance for credit loss | 6,000 | ✕ | ✕ | ||||||
| Total current assets: | 129,169 | 45,596 | 126,016 | 65,155 | 48,739 | 26,323 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,600 | ✕ | |||||||
| Property, plant and equipment | 18,049 | 18,089 | 19,830 | 14,785 | 14,342 | 15,255 | |||
| Intangible assets, net (including goodwill), including: | 1,086 | 1,089 | 1,183 | ||||||
| Other undisclosed intangible assets, net (including goodwill) | 1,086 | 1,089 | 1,183 | ||||||
| Deferred income tax assets | 13,001 | 14,091 | ✕ | ||||||
| Total noncurrent assets: | 32,136 | 33,269 | 21,013 | 14,785 | 18,942 | 15,255 | |||
| Other undisclosed assets | 2,040,492 | 1,963,205 | 1,774,052 | 1,574,409 | 1,239,655 | 1,217,180 | |||
| TOTAL ASSETS: | 2,201,797 | 2,042,070 | 1,921,081 | 1,654,349 | 1,307,336 | 1,258,758 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 10,000 | ||||||||
| Total current liabilities: | 10,000 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,038,457 | 1,873,788 | 1,730,601 | 1,467,966 | 1,130,485 | 1,086,494 | |||
| Total liabilities: | 2,038,457 | 1,883,788 | 1,730,601 | 1,467,966 | 1,130,485 | 1,086,494 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 163,340 | 161,573 | 190,961 | 186,383 | 176,851 | 172,264 | |||
| Common stock | 96 | 97 | 100 | 102 | 107 | 112 | |||
| Additional paid in capital | 95,784 | 95,508 | 96,131 | 97,412 | 102,017 | 105,825 | |||
| Accumulated other comprehensive income (loss) | (32,636) | (40,543) | 288 | 5,442 | (1,539) | (4,731) | |||
| Retained earnings | 107,349 | 114,424 | 103,014 | 92,657 | 86,156 | 81,607 | |||
| Unearned esop shares | (9,890) | (10,549) | |||||||
| Other undisclosed equity, attributable to parent | (7,253) | (7,913) | (8,572) | (9,230) | |||||
| Equity, attributable to noncontrolling interest | (3,291) | (481) | |||||||
| Other undisclosed equity | |||||||||
| Total equity: | 163,340 | 158,282 | 190,480 | 186,383 | 176,851 | 172,264 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,201,797 | 2,042,070 | 1,921,081 | 1,654,349 | 1,307,336 | 1,258,758 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 81,781 | 69,952 | 62,800 | 52,737 | 45,452 | 41,117 | ||
| Gain (loss) on disposition of assets for financial service operations | (4,959) | 942 | 7,688 | 9,580 | 1,077 | |||
| Net investment income | 86,740 | 69,010 | 55,112 | 43,157 | 44,375 | 40,463 | ||
| Cost of revenue | (2,357) | (1,350) | (5,046) | (669) | (1,174) | |||
| Provision for loan, lease, and other losses | (2,357) | (1,350) | (5,046) | (669) | ||||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (1,174) | |
| Gross profit: | 79,424 | 69,952 | 61,450 | 47,691 | 44,783 | 39,943 | ||
| Operating expenses | (21,107) | (20,409) | (15,806) | (12,475) | (4,825) | (24,003) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 3,034 | 1,384 | 2,179 | 849 | 322 | 315 | ||
| Operating income: | 61,351 | 50,927 | 47,823 | 36,065 | 40,280 | 16,255 | ||
| Interest and debt expense | (39,467) | (10,515) | (5,373) | (7,724) | (11,448) | (9,013) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (15,047) | (17,741) | 1,438 | |||||
| Income from continuing operations before equity method investments, income taxes: | 21,884 | 40,412 | 42,450 | 13,294 | 11,091 | 8,680 | ||
| Other undisclosed loss from continuing operations before income taxes | (19,209) | (24,069) | (24,277) | |||||
| Income (loss) from continuing operations before income taxes: | 2,675 | 16,343 | 18,173 | 13,294 | 11,091 | 8,680 | ||
| Income tax expense | (549) | (2,847) | (3,194) | (2,954) | (2,077) | (1,575) | ||
| Income (loss) from continuing operations: | 2,126 | 13,496 | 14,979 | 10,340 | 9,014 | 7,105 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 14,979 | 10,340 | 9,014 | 7,105 | |
| Net income (loss): | 2,126 | 13,496 | 14,979 | 10,340 | 9,014 | 7,105 | ||
| Net income attributable to noncontrolling interest | 160 | 2,149 | 439 | |||||
| Net income (loss) attributable to parent: | 2,286 | 15,645 | 15,418 | 10,340 | 9,014 | 7,105 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (11) | (141) | (505) | |||||
| Net income (loss) available to common stockholders, diluted: | 2,275 | 15,504 | 14,913 | 10,340 | 9,014 | 7,105 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,126 | 13,496 | 14,979 | 10,340 | 9,014 | 7,105 | ||
| Other comprehensive income (loss) | 7,907 | (40,831) | (5,154) | 4,069 | ||||
| Comprehensive income (loss): | 10,033 | (27,335) | 9,825 | 10,340 | 13,083 | 7,105 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 160 | 2,149 | 439 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 6,981 | (877) | (3,158) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,193 | (25,186) | 10,264 | 17,321 | 12,206 | 3,947 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.