First Northwest Bancorp (FNWB) SEC Filings

First Northwest Bancorp (FNWB) reported that its subsidiary First Fed Bank entered into a Settlement Agreement & Mutual Release with Socotra REIT I, LLC on September 15, 2026, resolving litigation related to a commercial loan transaction.

Under the agreement, First Fed Bank will make a $1.3 million cash payment within 30 days in exchange for a full release of claims and dismissal of the lawsuit with prejudice. The company states that the settlement avoids estimated costs, uncertainties, and distraction of continued litigation and that it represents a compromise of disputed claims without any admission of liability or wrongdoing by the bank, the company, or any other party.

First Northwest Bancorp (FNWB) director-level officer Henderson Kyle David, EVP and Chief Credit Officer, reported a Form 4 transaction on September 8, 2026. He had 171 shares of common stock delivered or withheld for payment of exercise price or tax liability at $10.88 per share, leaving 20,088 shares held directly. No Rule 10b5-1 trading plan is reported. The reported holdings include several unvested restricted stock grants under the 2020 Equity Incentive Plan with scheduled vesting dates in 2026 and 2027.

First Northwest Bancorp (FNWB) director Dana D. Behar reported selling 25,000 shares of Common Stockweighted average price of $11.5101115,219 shares2,533 unvested restricted shares

A shareholder of First Northwest Bancorp (FNWB) filed a notice of proposed sale of 25,000 shares of common stock through Wells Fargo Clearing Services, to be sold on Nasdaq on or after 08/14/2026. The filing lists an aggregate value of $287,740.08 for the shares. It also notes prior open market purchases of 20,000 common shares on 05/22/2023 and 5,000 common shares on 05/10/2024, both for cash.

First Fed Foundation has filed to sell up to 18,000 shares of Charles Schwab Corporation common stock, with an aggregate market value of $203,760.00. The filing notes 9,511,615 shares of this class outstanding and indicates the stock trades on NASDAQ. The shares to be sold were acquired on 01/29/2015 as a gift from the issuer’s IPO, totaling 966,360 shares. Over the past three months, First Fed Foundation has already sold several blocks of Schwab common stock, including 4,100 shares on each of 05/14/2026, 05/21/2026, 05/28/2026, and 06/05/2026, and 2,286 shares on 06/11/2026, for reported proceeds between about $23,928.00 and $41,834.00 per transaction.

First Northwest Bancorp reported modest profitability for the quarter ended June 30, 2026. Net income was $308 thousand versus $3.7 million a year earlier, and diluted EPS was $0.03 compared with $0.42, as higher operating costs offset stable net interest income and a small credit-loss recapture.

For the first six months of 2026, net income was $314 thousand, improving from a $5.4 million loss in the prior-year period, which had included a $5.8 million legal settlement. Net interest income was $28.6 million for the half year, slightly above 2025, while provision for credit losses on loans was a $350 thousand recapture versus a $7.5 million provision.

On the balance sheet, total assets were $2.12 billion and total loans receivable, net, were $1.60 billion, down modestly since December 31, 2025. Deposits were steady at $1.61 billion, and borrowings totaled $313.2 million. The allowance for credit losses on loans was $16.3 million against nonaccrual loans of $20.7 million. Shareholders’ equity was $158.3 million, with 9,504,441 common shares outstanding at June 30, 2026.

First Northwest Bancorp reported net income of $308,000 for the second quarter of 2026, up from $6,000 in the first quarter but down sharply from $3.7 million in the second quarter of 2025. Basic and diluted earnings per share were $0.03, versus $0.00 in the prior quarter and $0.42 a year earlier.

Core banking trends were mixed: the net interest margin was 2.95%, down from 3.03% in the first quarter but above 2.83% a year ago, while the efficiency ratio was 101.3%, indicating noninterest expense exceeded net revenue. Total assets were $2.12 billion, down 0.4% sequentially and 3.2% year over year.

Credit quality and funding showed incremental improvement. The allowance for credit losses on loans was $16.3 million, or 1.01% of total loans, with a $337,000 recapture of provision in the quarter and annualized net charge-offs of 0.04% of average loans. Nonperforming assets were $22.3 million, or 1.05% of total assets. Customer deposits rose $11.3 million during the quarter, brokered deposits and FHLB advances declined, and the bank’s total risk-based capital ratio was 13.4%, with Common Equity Tier 1 at 12.4%, keeping the bank in the well-capitalized category.

Gribble Jennifer Ellen reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp executive Jennifer Ellen Gribble, EVP and Chief People Officer, received a grant of 7,000 shares of common stock as restricted stock compensation. The award was made under the company’s 2020 Equity Incentive Plan at a reference price of $9.97 per share.

These 7,000 shares are unvested restricted stock, with one-third scheduled to vest annually beginning on May 7, 2027. Following this grant, Gribble directly holds 7,000 shares of common stock, all tied to this award.

WALSH JOHN CHRISTOPHER reported acquisition or exercise transactions in this Form 4 filing.

First Northwest Bancorp executive John Christopher Walsh received a grant of company stock as compensation. On July 7, he was awarded 10,000 shares of common stock at $11.17 per share under the 2020 Equity Incentive Plan. All 10,000 shares are unvested and will vest in three equal annual installments beginning on July 7, 2027, aligning his compensation with future company performance.