First Northwest Bancorp Leadership and Financial Insights

First Northwest Bancorp has a strong leadership team in place, with a long history of experience in the banking industry.

The company's leadership team has a deep understanding of the local market and has a proven track record of delivering results.

First Northwest Bancorp is headquartered in Sequim, Washington, and has been serving the community for over 100 years.

The bank has a strong commitment to community involvement and has been recognized for its charitable efforts.

With a team of experienced professionals at the helm, First Northwest Bancorp is well-positioned for continued growth and success.

First Northwest Bancorp has reported strong earnings in the past year. In the fourth quarter of 2022, the company earned a significant amount of money.

First Northwest Bancorp's net income for the third quarter of 2022 was $4.3 million. This is a notable achievement for the company.

The company's financial performance has been impressive, with significant earnings reported in recent quarters.

First Northwest Bancorp has recently announced the resignation of Craig Curtis from the Company's Boards of Directors, effective December 31, 2024. Curtis served on the First Fed Board for 10 years and the FNWB Board for 9 years.

The company has been making strides in growth, with net loans reaching $1.69 billion as of March 31, 2024. This indicates strategic expansion in loan portfolios.

First Fed Bank, a subsidiary of First Northwest Bancorp, has successfully resolved the FDIC Consent Order, originally issued on November 21, 2023. The company declared a quarterly cash dividend of $0.07 per share, payable on November 22, 2024.

Here are some key dates related to First Northwest Bancorp's recent news and updates:

First Fed Bank and its holding company, First Northwest Bancorp, made two significant announcements recently.

The company announced the resignation of Craig C... from their ranks.

First Northwest Bancorp's Jennifer Zaccardo retired from the Boards of Directors.

First Northwest Bancorp (NASDAQ: FNWB) has been making headlines recently, and as an investor, it's essential to stay informed about the company's developments. The bank has a long history, dating back to 1923, and has been serving individuals, small businesses, and commercial customers in the Pacific Northwest for nearly a century.

First Fed Bank, the principal subsidiary of First Northwest Bancorp, operates 16 locations across Washington state, providing a full range of banking products and services. The company has been growing its loan portfolios, with net loans reaching $1.69 billion as of March 31, 2024.

The bank has also been recognized for its community leadership, but the details of these awards are not specified in the provided article sections. First Northwest Bancorp engages in various financial activities, including deposit and lending services, supplemented by borrowing and investing operations.

The company's principal lending activities encompass one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, commercial business loans, and consumer loans. This diversification of services suggests a commitment to meeting the financial needs of a broad range of customers.

Recent achievements of First Northwest Bancorp include the growth in net loans and the recognition for community leadership. However, the company has also faced some challenges, including a FDIC Consent Order issued on November 21, 2023, which was successfully resolved on October 23, 2024.

Here are some key dates related to First Northwest Bancorp's recent developments:

First Northwest Bancorp has also been making efforts to recruit new Board members, with the Nominating and Corporate Governance Committee actively seeking candidates with appropriate diversity, skills, and experience.

At First Northwest Bancorp, the company has made some notable executive appointments. Sean Brennan was appointed to the Board of Directors at First Fed Bank, a subsidiary of First Northwest Bancorp.

Lynn Terwoerds has also joined the First Fed Bank Board of Directors. She was appointed in January 2023.

Here's a brief overview of the leadership team at First Northwest Bancorp:

The leadership team at this organization is made up of experienced professionals, with some members having served for over seven years.

Matthew Deines has been President for 6.2 years and earns a compensation of US$598.64k.

Christopher Riffle, on the other hand, has been Chief Strategy Officer & General Counsel for 7.4 years and earns a compensation of US$380.22k.

The team also includes Christopher Neros, who earns a compensation of US$396.79k, but his tenure is not specified.

Geraldine Bullard has been an Executive VP for 4.9 years and earns a compensation of US$410.27k.

David Edelstein is the Chief Innovation Officer, but his compensation is not specified as he has been in the role for less than a year.

Here is a list of the leadership team members and their compensation:

First Fed Bank's Board of Directors is comprised of experienced and skilled individuals who have been appointed to various positions. Sean Brennan, for instance, was appointed to the Board of Directors less than a year ago.

The Board Members table provides a clear overview of the current Board members, their positions, tenure, compensation, and ownership. Matthew Deines serves as the President, with a tenure of 5.2 years and compensation of US$598.64k.

Here is a breakdown of the Board Members:

The Board's average tenure is 4.8 years, indicating a high level of experience and stability among its members.

Matt Deines's remuneration has been consistent with company performance over the past year. This is evident from the data, which shows that his compensation has tracked the company's earnings.

In 2023, the company's earnings ranged from $2m to $16m, while Matt's compensation was $599k and $721k in 2023. The data suggests that his compensation is tied to the company's performance.

Here's a breakdown of the company's earnings and Matt's compensation for the past few years:

The data shows that Matt's compensation is relatively low compared to the company's earnings. However, it's worth noting that his compensation has been consistent with the company's performance over the past year.