Detail akcie First Financial online

Business Summary: First Financial Northwest, Inc. is the holding company for First Financial Northwest Bank (the Bank). The Bank focuses on its lending activities primarily on loans secured by commercial real estate, construction/land, first mortgages on one-to-four family residences, multifamily, and business lending. It offers secured consumer loans, including savings account loans, auto loans and home equity loans that include lines of credit and second mortgage term loans. It originates construction/land loans primarily to residential builders for the construction of single-family residences, condominiums, townhouses, multifamily properties and residential developments located in its market area. Its land development loans are generally made to builders for preparation of a building site. Its investment portfolio consists of mortgage-backed securities, municipal bonds, United States government agency obligations, and corporate bonds. It serves King, Snohomish, Pierce and Kitsap counties, Washington.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, First Financial Northwest Inc interest income increased 32% to $78.2M. Net interest income after loan loss provision decreased 16% to $40.8M. Net income applicable to common stockholders decreased 52% to $6.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 20% to 2.82%, Net Interest Spread, Total -% decrease of 29% to 2.39%.