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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. First Financial Northwest's intangible assets for the quarter that ended in Dec. 2023 was $1.31 Mil.
The historical data trend for First Financial Northwest's Intangible Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Financial Northwest Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1.86 | 1.71 | 1.57 | 1.44 | 1.31 |
First Financial Northwest Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | 1.44 | 1.41 | 1.37 | 1.34 | 1.31 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
First Financial Northwest (NAS:FFNW) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of First Financial Northwest's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Simon Soh | officer: Chief Lending Officer FSBNW | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Richard P Jacobson | officer: COO of the Bank | |
Kiley Joseph W Iii | director, officer: President and CEO of the Bank | IMPERIAL CAPITAL BANCORP INC, 888 PROSPECT STREET SUITE 110, LA JOLLA CA 92037 |
Cindy L. Runger | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Christine A. Huestis | officer: 1st VP/Prin. Acct Officer | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Richard M Riccobono | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Ralph C Sabin | director | C/O PACIFIC VENTURE GROUP, 114 PACIFICA STREET, SUITE 270, IRVINE CA 92618 |
Diane C. Davis | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Kevin D Padrick | director | 2055 FIRST STREET, BAKER CITY OR 97814 |
Patricia M. Remch | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Randy T. Riffle | officer: Executive VP and CCO | 105 W. 8TH STREET, PORT ANGELES WA 98362 |
Gary F Faull | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Joann E Lee | director | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Ronnie J Clariza | officer: Sr.VP/Chief Risk Officer | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
Gregg H. Deritis | officer: Senior VP and CCO | 201 WELLS AVENUE SOUTH, RENTON WA 98057 |
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