Welcome to our dedicated page for First Northwest SEC filings (Ticker: FNWB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Northwest Bancorp filings document the public-company disclosures of a Washington bank holding company and its wholly owned banking subsidiary, First Fed Bank. Recent 8-K reports furnish earnings releases and Regulation FD presentations covering results of operations, financial condition, balance sheet trends and management discussion of the banking franchise.
The company’s proxy materials and governance filings cover board matters, executive compensation, equity awards, named executive officer disclosures and shareholder meeting information. Other material-event filings record leadership changes and related corporate governance disclosures for the holding company and the bank.
First Northwest Bancorp is asking shareholders to vote at its 2026 in‑person annual meeting on May 19, 2026, at 4:00 p.m. Pacific Time in Port Angeles, Washington. Shareholders will elect nine directors for one‑year terms and consider key governance and compensation items.
The Board seeks approval of Second Amended and Restated Articles of Incorporation that would eliminate 80% supermajority voting requirements, allow amendments by a majority of outstanding shares, remove voting limits for holders above 10% ownership, delete a business‑combination article, and permit shareholder removal of directors with or without cause.
Shareholders are also asked to approve an Amended and Restated 2020 Equity Incentive Plan increasing the share reserve from 520,000 to 820,000 shares, an advisory say‑on‑pay vote on named executive officer compensation, and the ratification of Baker Tilly US, LLP as independent auditor for 2026.
First Northwest Bancorp is soliciting shareholder votes for its 2026 Annual Meeting to be held in person at 4:00 p.m. (Pacific Time) on May 19, 2026. The proxy materials request approval of five proposals: election of nine directors; approval of amended articles to remove certain 80% supermajority provisions and permit director removal with or without cause; approval of an Amended and Restated 2020 Equity Incentive Plan that would increase the share reserve from 520,000 to 820,000 shares (a proposed increase of 300,000 shares); an advisory (non-binding) vote on executive compensation; and ratification of Baker Tilly US, LLP as independent auditors.
The Board recommends a vote FOR each proposal. Voting instructions and proxy delivery options are provided in the materials; the Articles amendment will be effective upon filing if approved and requires an 80% affirmative vote at the meeting to adopt.
First Northwest Bancorp presents its 2025 annual report, highlighting a loan portfolio of $1.63 billion at December 31, 2025, led by real estate loans at 69.4%, consumer loans at 22.6%, and commercial business loans at 8.0%.
Nonaccrual loans fell to $22.6 million, or 1.4% of total loans, while nonperforming assets were $24.0 million, or 1.1% of total assets. The allowance for credit losses on loans was $17.0 million, equal to 1.04% of loans. The bank operates 17 locations across Washington and continues to expand in the Puget Sound region, with one King County branch scheduled to close on April 30, 2026.
First Northwest Bancorp EVP and Chief Innovation Officer David Benjamin Edelstein received a grant of 4,698 shares of common stock as restricted stock at $9.18 per share. The award was made under the company’s 2020 Equity Incentive Plan, with one-third vesting annually beginning on March 7, 2027.
On the same date, 393 shares of common stock were returned to the issuer at $9.18 per share in a disposition to the company. After these transactions, Edelstein directly holds 15,059 shares of First Northwest Bancorp common stock, including several prior unvested restricted stock awards with scheduled vesting beginning in 2026 and 2027.
Henderson Kyle David reported acquisition or exercise transactions in this Form 4 filing.
First Northwest Bancorp EVP and Chief Credit Officer Kyle David Henderson received a grant of 4,153 shares of restricted Common Stock at $9.18 per share under the 2020 Equity Incentive Plan. One-third of this award will vest annually beginning on March 7, 2027. Following this grant, Henderson holds 20,259 shares in total, including prior unvested restricted stock awards with vesting dates in 2026 and 2027.
Mahaney Allison Rebecca reported acquisition or exercise transactions in this Form 4 filing.
First Northwest Bancorp’s Chief Legal Officer Allison Rebecca Mahaney reported an equity award of 871 shares of common stock, valued at $9.18 per share. The award is restricted stock granted under the company’s 2020 Equity Incentive Plan and is structured as compensation rather than an open-market purchase.
One-third of this award will vest annually beginning on March 7, 2027. After the grant, Mahaney directly holds a total of 6,053 common shares. Footnotes explain that her holdings include 5,000 unvested restricted shares vesting in thirds starting November 7, 2026, and the 871 new unvested restricted shares vesting in thirds starting March 7, 2027. Overall, this filing reflects a routine executive equity grant that modestly increases her ownership stake.
Nomura Phyllis Rose reported acquisition or exercise transactions in this Form 4 filing.
First Northwest Bancorp EVP and Chief Financial Officer Phyllis Rose Nomura received a grant of 3,115 shares of common stock at $9.18 per share as a restricted stock award under the company’s 2020 Equity Incentive Plan.
One-third of this award will vest annually beginning on March 7, 2027. After the grant, she holds 12,607 shares of common stock directly, including 3,333 unvested shares vesting in part on January 7, 2027; 5,000 unvested shares vesting annually beginning May 7, 2026; and this new 3,115-share award vesting annually beginning March 7, 2027.
First Northwest Bancorp director Lynn Terwoerds received an equity award of common stock. On March 7, 2026, Terwoerds acquired 2,533 shares of restricted common stock at $9.18 per share as a grant under the company’s 2020 Equity Incentive Plan.
The award will vest in full on March 7, 2027. Following this grant, Terwoerds now directly holds 13,594 shares of common stock, including the 2,533 unvested restricted shares scheduled to vest in 2027.
Galanda Gabriel Steven reported acquisition or exercise transactions in this Form 4 filing.
First Northwest Bancorp director Gabriel Steven Galanda received an equity award of company stock. On March 7, 2026, he was granted 2,533 shares of common stock at a reference price of $9.18 per share under the 2020 Equity Incentive Plan as restricted stock.
The award will vest in full on March 7, 2027, meaning the shares become fully owned at that time. After this grant, Galanda directly holds 12,566 shares of First Northwest Bancorp common stock, including the 2,533 unvested restricted shares under the 2020 Plan.