Final Call for Fall Grant Applications from First Fed Foundation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 25 2025
0mins
Source: Newsfilter
Grant Application Reminder: The First Fed Foundation is accepting grant applications from nonprofit, tribal, government, and school district organizations in specific Washington counties until September 1, 2025.
Foundation Background: Established in 2015 with a $12 million donation from First Northwest Bancorp, the Foundation has awarded $7.6 million in grants to support low- to moderate-income communities.
Funding Priorities: Grants range from $5,000 to $100,000, focusing on community support, housing and homelessness, economic development, and broader community development.
Community Commitment: First Fed Foundation continues the legacy of First Fed Bank, which has been serving Western Washington since 1923, contributing millions to nonprofits and encouraging employee volunteerism.
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Analyst Views on FNWB
Wall Street analysts forecast FNWB stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 10.070
Low
13.50
Averages
13.50
High
13.50
Current: 10.070
Low
13.50
Averages
13.50
High
13.50
About FNWB
First Northwest Bancorp is a bank holding company and a financial holding company. The Company is engaged in banking activities through its wholly owned subsidiary, First Fed Bank (the Bank), as well as certain non-banking financial activities. The Bank operates in 18 locations, including twelve full-service branches and six business centers, including its headquarters, located in Clallam, Jefferson, King, Kitsap, Snohomish, and Whatcom counties. The Bank’s principal lending activities are concentrated in real estate secured loans with first lien one-to-four family mortgages, commercial, and multifamily loans. It also makes construction and land loans, commercial business loans, and consumer loans, consisting primarily of home-equity loans and lines of credit. It also offers traditional consumer and business deposit products, including transaction accounts, savings and money market accounts and certificates of deposit for individuals and businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Fed Bank Appoints New Chief Banking Officer
- Executive Appointment: First Fed Bank has appointed Chris Walsh as its new Chief Banking Officer, bringing over 40 years of banking leadership experience, which is expected to advance First Fed's long-term strategy and enhance its community impact in Northwest Washington.
- Leadership Skills: Walsh's successful tenure at Partners Bank and Sunwest Bank demonstrates his ability to drive growth and build teams, which will help First Fed improve service quality and customer satisfaction in a competitive market.
- Community Engagement: Walsh's leadership roles in various nonprofit organizations reflect his commitment to community service, which is expected to further strengthen First Fed's relationships with local communities and enhance its brand image.
- Strategic Investment: First Northwest Bancorp continues to invest in leadership talent, and Walsh's appointment aligns with the company's commitment to innovation and growth, potentially bringing new business opportunities and market share to First Fed.
See More
First Northwest Bancorp Q1 Earnings Release
- Q1 Performance: First Northwest Bancorp reported a Q1 GAAP EPS of $0.00, indicating no profit, yet revenue reached $16.44 million, demonstrating the company's stability in the market.
- Revenue Comparison: The revenue decreased from $18.38 million in the same quarter last year to $16.44 million, reflecting the challenges in the market environment and its impact on the company's financial performance.
- Profitability Analysis: Despite the lack of profit in Q1, the historical GAAP EPS of $0.04 suggests that the company still has potential for profitability, which may improve in the future.
- Market Reaction: The financial report from First Northwest Bancorp did not trigger significant market volatility, indicating a cautious attitude from investors regarding the company's future development, which could affect its stock price performance.
See More
First Fed Appoints New Chief People Officer
- Executive Appointment: First Fed Bank appointed Jennifer Gribble as its new Chief People Officer effective March 31, 2026, bringing decades of global HR experience across multiple industries and regions, which is expected to drive cultural and strategic transformation within the company.
- Talent Strategy Transformation: During her tenure at Ideal Image as Chief People Officer, Gribble oversaw all HR functions including talent acquisition and employee engagement, and her expertise is anticipated to enhance First Fed's talent management and organizational development capabilities, thereby improving employee satisfaction and company performance.
- Modernizing Operations: First Fed President Curt Queyrouze stated that Gribble's unique skills will help the bank evolve into a people-first financial services institution that delivers value to customers, employees, and shareholders, further solidifying its trusted position in the community.
- Educational Background and Certification: Gribble holds an MBA in International Business and a Master's in Industrial & Organizational Psychology, along with SPHR certification, demonstrating her professional capability in fostering corporate culture and employee development, which will provide robust support for First Fed's future growth.
See More
FIRST FED BANK APPOINTS JENNIFER GRIBBLE AS CHIEF PEOPLE OFFICER
- New Appointment: First Fed Bank has appointed Jennifer Gribble as the new Chief People Officer.
- Leadership Role: Gribble will be responsible for overseeing the bank's human resources and people strategies.
See More
First Northwest Bancorp Q4 Financial Highlights
- Earnings Per Share: First Northwest Bancorp reported a GAAP EPS of $0.04 for Q4, with revenue at $18.38 million, indicating challenges in revenue growth despite maintaining profitability.
- Net Interest Margin Improvement: The net interest margin increased to 3.00% from 2.91% in Q3 2025, primarily due to a decrease in interest rates on liabilities, reflecting the company's effective cost management strategies.
- Deposit Cost Reduction: The cost of total deposits fell to 2.12% from 2.20% in the previous quarter, driven by the maturity of higher-rate CDs and adjustments in deposit product rates, showcasing the company's responsiveness to market rate changes.
- Stable Capital Ratios: Risk-based capital ratios remained stable at 13.6%, compared to 13.7% in Q3 2025, indicating the company's solid capital management and resilience in maintaining regulatory compliance.
See More
First Northwest Bancorp Board Member Retires, Impacting Corporate Governance
- Board Transition: Norman J. Tonina officially retired on December 9, 2025, after 12 years of service on the First Northwest Bancorp Board, with Board Chair Cindy Finnie expressing gratitude for his critical role in the executive recruitment process.
- Leadership Succession: During his tenure, Tonina led the recruitment of CEO Curt Queyrouze, ensuring stability in leadership for the company’s future, which highlights the Board's thoughtful approach to succession planning.
- Strategic Planning: The Board, through the Nominating and Corporate Governance Committee, is actively engaged in succession planning and director recruitment efforts to maintain efficiency and transparency in the company's governance structure moving forward.
- Company Background: First Northwest Bancorp has been serving the Pacific Northwest since 1923, currently operating 17 locations and focusing on providing a full array of financial products and services for individuals, small businesses, and non-profits, demonstrating its commitment to innovation and growth in the financial services sector.
See More
First Fed Bank Appoints New Chief Banking Officer
- Executive Appointment: First Fed Bank has appointed Chris Walsh as its new Chief Banking Officer, bringing over 40 years of banking leadership experience, which is expected to advance First Fed's long-term strategy and enhance its community impact in Northwest Washington.
- Leadership Skills: Walsh's successful tenure at Partners Bank and Sunwest Bank demonstrates his ability to drive growth and build teams, which will help First Fed improve service quality and customer satisfaction in a competitive market.
- Community Engagement: Walsh's leadership roles in various nonprofit organizations reflect his commitment to community service, which is expected to further strengthen First Fed's relationships with local communities and enhance its brand image.
- Strategic Investment: First Northwest Bancorp continues to invest in leadership talent, and Walsh's appointment aligns with the company's commitment to innovation and growth, potentially bringing new business opportunities and market share to First Fed.
See More
First Northwest Bancorp Q1 Earnings Release
- Q1 Performance: First Northwest Bancorp reported a Q1 GAAP EPS of $0.00, indicating no profit, yet revenue reached $16.44 million, demonstrating the company's stability in the market.
- Revenue Comparison: The revenue decreased from $18.38 million in the same quarter last year to $16.44 million, reflecting the challenges in the market environment and its impact on the company's financial performance.
- Profitability Analysis: Despite the lack of profit in Q1, the historical GAAP EPS of $0.04 suggests that the company still has potential for profitability, which may improve in the future.
- Market Reaction: The financial report from First Northwest Bancorp did not trigger significant market volatility, indicating a cautious attitude from investors regarding the company's future development, which could affect its stock price performance.
See More
First Fed Appoints New Chief People Officer
- Executive Appointment: First Fed Bank appointed Jennifer Gribble as its new Chief People Officer effective March 31, 2026, bringing decades of global HR experience across multiple industries and regions, which is expected to drive cultural and strategic transformation within the company.
- Talent Strategy Transformation: During her tenure at Ideal Image as Chief People Officer, Gribble oversaw all HR functions including talent acquisition and employee engagement, and her expertise is anticipated to enhance First Fed's talent management and organizational development capabilities, thereby improving employee satisfaction and company performance.
- Modernizing Operations: First Fed President Curt Queyrouze stated that Gribble's unique skills will help the bank evolve into a people-first financial services institution that delivers value to customers, employees, and shareholders, further solidifying its trusted position in the community.
- Educational Background and Certification: Gribble holds an MBA in International Business and a Master's in Industrial & Organizational Psychology, along with SPHR certification, demonstrating her professional capability in fostering corporate culture and employee development, which will provide robust support for First Fed's future growth.
See More
FIRST FED BANK APPOINTS JENNIFER GRIBBLE AS CHIEF PEOPLE OFFICER
- New Appointment: First Fed Bank has appointed Jennifer Gribble as the new Chief People Officer.
- Leadership Role: Gribble will be responsible for overseeing the bank's human resources and people strategies.
See More
First Northwest Bancorp Q4 Financial Highlights
- Earnings Per Share: First Northwest Bancorp reported a GAAP EPS of $0.04 for Q4, with revenue at $18.38 million, indicating challenges in revenue growth despite maintaining profitability.
- Net Interest Margin Improvement: The net interest margin increased to 3.00% from 2.91% in Q3 2025, primarily due to a decrease in interest rates on liabilities, reflecting the company's effective cost management strategies.
- Deposit Cost Reduction: The cost of total deposits fell to 2.12% from 2.20% in the previous quarter, driven by the maturity of higher-rate CDs and adjustments in deposit product rates, showcasing the company's responsiveness to market rate changes.
- Stable Capital Ratios: Risk-based capital ratios remained stable at 13.6%, compared to 13.7% in Q3 2025, indicating the company's solid capital management and resilience in maintaining regulatory compliance.
See More
First Northwest Bancorp Board Member Retires, Impacting Corporate Governance
- Board Transition: Norman J. Tonina officially retired on December 9, 2025, after 12 years of service on the First Northwest Bancorp Board, with Board Chair Cindy Finnie expressing gratitude for his critical role in the executive recruitment process.
- Leadership Succession: During his tenure, Tonina led the recruitment of CEO Curt Queyrouze, ensuring stability in leadership for the company’s future, which highlights the Board's thoughtful approach to succession planning.
- Strategic Planning: The Board, through the Nominating and Corporate Governance Committee, is actively engaged in succession planning and director recruitment efforts to maintain efficiency and transparency in the company's governance structure moving forward.
- Company Background: First Northwest Bancorp has been serving the Pacific Northwest since 1923, currently operating 17 locations and focusing on providing a full array of financial products and services for individuals, small businesses, and non-profits, demonstrating its commitment to innovation and growth in the financial services sector.
See More
