First Financial Northwest (First Financial Northwest) Scaled Net Operating Assets : 0.03 (As of Dec. 2023)

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What is First Financial Northwest Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Northwest's operating assets for the quarter that ended in Dec. 2023 was $1,266.64 Mil. First Financial Northwest's operating liabilities for the quarter that ended in Dec. 2023 was $1,215.62 Mil. First Financial Northwest's Total Assets for the quarter that ended in Sep. 2023 was $1,525.57 Mil. Therefore, First Financial Northwest's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.03.

First Financial Northwest Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Financial Northwest's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1474.553	-	1215.616)	/	1502.916
=	0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1505.082	-	30.529
=	1474.553

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1343.422	-	127.806	-	0
=	1215.616

First Financial Northwest's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(1266.638	-	1215.616)	/	1525.568
=	0.03

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1505.082	-	238.444
=	1266.638

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1343.422	-	127.806	-	0
=	1215.616

* 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.

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First Financial Northwest (First Financial Northwest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Financial Northwest Inc (NAS:FFNW) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Wells Avenue South, PO Box 360, Renton, WA, USA, 98057

Website

https://www.ffnwb.com

First Financial Northwest Inc is the holding company for First Financial Northwest Bank and First Financial Diversified. First Financial Northwest Bank is a subsidiary of First Financial Northwest and as such comprises substantially all of the activity for First Financial Northwest. The Bank's business consists predominantly of attracting deposits from the general public, combined with borrowing from the FHLB of Des Moines and raising funds in the wholesale market then utilizing these funds to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business, and consumer loans. The Bank's strategic initiatives seek to diversify its loan portfolio and broaden growth opportunities with its current risk tolerance levels and asset/liability objectives.

Executives

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