Tranche Update on First Financial Northwest, Inc.'s Equity Buyback Plan announced on September 9, 2016.
January 26, 2017 at 11:34 am
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From October 1, 2016 to December 31, 2016, the company has repurchased 996,277 shares, representing 8.4% for $14.42 million. With this, the company has completed the repurchase of 1,133,777 shares, representing 9.51% for $16.35 million under the buyback announced on September 9, 2016.
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.
FIRST FINANCIAL NORTHWEST, INC. 
