First Financial Northwest (FFNW) 2018年年度报告「NASDAQ」.pdf

1、Annual Report 2018unique.innovative.solutions.Dear Fellow Shareholders,In 2018,First Financial Northwest,Inc.(the“Company”)continued to deliver on our long-term business strategy to operate and grow First Financial Northwest Bank(the“Bank”)as a well-capitalized and profitable community bank,offering

2、 one-to-four family residential,commercial real estate,multifamily,construction,land development,consumer and business loans along with a diversified array of deposit and other products and services to individuals and businesses in our market areas.We capitalized on our deep knowledge of our local c

3、ommunities to serve the convenience and needs of customers,delivering consistent,high-quality professional service;offering competitive deposit rates and developing customer relationships to diversify our deposit mix,growing lower cost deposits,attracting new customers,and expanding our geographical

4、 footprint.Financial highlights:Net income increased 75.7%to$14.9 million,or$1.43 per diluted share;Net loans receivable increased$34.2 million to$1.02 billion;Total deposits increased by$99.5 million to$939.0 million;Nonperforming assets remained low at$1.2 million,or 0.10%of total assets;Book valu

5、e per share increased to$14.35 from$13.27 in 2017;and Tier 1 leverage ratio and total capital ratio of 10.4%and 14.7%,respectively.In April 2018,we opened our tenth branch at The Junction in Bothell.The innovative and cost-efficient branch model we developed to implement our growth strategy has prov

6、en successful in attracting new customers as we continue our strategy of leveraging our established name and franchise,capital strength,and loan production capability.Our eleventh branch was opened at Kent Station in January 2019.We recently signed a lease to open a branch in Kirkland,continuing our