Final Call for Fall Grant Applications from First Fed Foundation
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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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.
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.
Piper Sandler Boosts First Northwest Bancorp Rating to Overweight and Increases Price Target to $13.5
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
First Fed Bank Introduces Apiture to Enhance Business Banking Experience
Partnership Announcement: First Fed Bank has launched the Apiture Digital Banking Platform to enhance online and mobile banking for its business customers, focusing on providing advanced features for both small and sophisticated commercial clients.
Enhanced Features: The upgraded platform includes tools for cash flow management, account oversight, improved security, and personalized insights into customer banking behaviors, all aimed at strengthening customer engagement while ensuring data privacy.
First Northwest Bancorp Appoints Curt Queyrouze as New CEO of Subsidiary
New CEO Appointment: First Northwest Bancorp has appointed Curt Queyrouze as the new CEO and President, effective September 17, 2025, succeeding Matthew Deines.
Interim CEO Transition: Geraldine Bullard, who served as interim CEO, will return to her position as Chief Operating Officer following Queyrouze's appointment.
Stock Performance: FNWB's stock is currently trading at $7.15, reflecting a 0.85 percent increase on the Nasdaq.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Final Call for Fall Grant Applications from First Fed Foundation
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.
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.
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.
Piper Sandler Boosts First Northwest Bancorp Rating to Overweight and Increases Price Target to $13.5
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
First Fed Bank Introduces Apiture to Enhance Business Banking Experience
Partnership Announcement: First Fed Bank has launched the Apiture Digital Banking Platform to enhance online and mobile banking for its business customers, focusing on providing advanced features for both small and sophisticated commercial clients.
Enhanced Features: The upgraded platform includes tools for cash flow management, account oversight, improved security, and personalized insights into customer banking behaviors, all aimed at strengthening customer engagement while ensuring data privacy.
First Northwest Bancorp Appoints Curt Queyrouze as New CEO of Subsidiary
New CEO Appointment: First Northwest Bancorp has appointed Curt Queyrouze as the new CEO and President, effective September 17, 2025, succeeding Matthew Deines.
Interim CEO Transition: Geraldine Bullard, who served as interim CEO, will return to her position as Chief Operating Officer following Queyrouze's appointment.
Stock Performance: FNWB's stock is currently trading at $7.15, reflecting a 0.85 percent increase on the Nasdaq.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Final Call for Fall Grant Applications from First Fed Foundation
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.
