First Northwest Bancorp
investor.ourfirstfed.comWhat Do They Do?
Makes real estate, business and consumer loans and offers deposit and money-movement services to individuals, businesses and nonprofit organizations in Washington.
10-K for FY2025, filed Mar 12, 2026
How Do They Make Money?
The bank earns interest on loans and investments, offset by interest paid on deposits and borrowings. It also receives fees from deposit services and card transactions, as well as mortgage banking, loan servicing and other financial services.
10-K for FY2025, filed Mar 12, 2026Our primary source of pre-tax income is net interest income. Net interest income is the difference between interest income earned on our…View ↗
Deposit fees - The Company earns fees from its deposit customers for account maintenance, transaction-based activity and overdraft…View ↗
Debit card interchange income - Debit and Automated Teller Machine ("ATM") interchange income represent fees earned when a debit card…View ↗
Third-party credit card interchange income - Third-party credit card interchange income represents fees earned when a credit card issued by…View ↗
$107M
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10-K for FY2025, filed Mar 12, 2026
$107M ↗
Who Are Their Customers?
Individuals, businesses and nonprofit organizations use the bank’s lending, deposit and money-movement services. They are served through branches and digital banking channels.
10-K for FY2025, filed Mar 12, 2026First Fed is a community-oriented commercial bank founded in 1923 in Port Angeles, Washington. The Bank operates in 17 locations including…View ↗
First Fed is a community-oriented commercial bank serving Clallam, Jefferson, King, Kitsap, Snohomish, and Whatcom counties in Washington…View ↗
Attracting core deposits and other deposit products. We emphasize relationship banking with our customers to obtain a greater share of…View ↗
Do Revenues Turn Into Profits?
No. It lost $4.2M in FY2025.
10-K for FY2025, filed Mar 12, 2026
10-K for FY2025, filed Mar 12, 2026
−$4.2MView ↗
How Are They Changing?
Growing. Revenue grew 68% in 4 years, from $63.7M in FY2021 to $107M in FY2025, about 14% a year.
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