First Northwest Bancorp
For the period ended Jan 29, 2026. Filed Jan 29, 2026.
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Jan 29, 2026 · Filed Jan 29, 2026
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Contents
EX-99.1 · NET INTEREST MARGIN ANALYSIS
NET INTEREST MARGIN ANALYSIS
| Three Months Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 · 2024 | ||||||
| Average · Interest · Average · Interest | ||||||
| Balance | Earned/ | Yield/ | Balance | Earned/ | Yield/ | |
| Outstanding | Paid | Rate | Outstanding | Paid | Rate | |
| (Dollars in thousands) | ||||||
| Interest-earning assets: | ||||||
| Loans receivable, net (1) (2) | $1,606,056 | $22,431 | 5.54% | $1,688,239 | $23,716 | 5.59% |
| Total investment securities | 276,724 | 2,971 | 4.26 | 313,759 | 3,658 | 4.64 |
| FHLB dividends | 11,117 | 262 | 9.35 | 11,762 | 273 | 9.23 |
| Interest-earning deposits in banks | 46,878 | 473 | 4.00 | 45,358 | 550 | 4.82 |
| Total interest-earning assets (3) | 1,940,775 | 26,137 | 5.34 | 2,059,118 | 28,197 | 5.45 |
| Noninterest-earning assets | 142,993 | 146,384 | ||||
| Total average assets | $2,083,768 | $2,205,502 | ||||
| Interest-bearing liabilities: | ||||||
| Interest-bearing demand deposits | $141,128 | $63 | 0.18 | $162,954 | $210 | 0.51 |
| Money market accounts | 459,821 | 2,625 | 2.26 | 442,481 | 2,773 | 2.49 |
| Savings accounts | 237,396 | 884 | 1.48 | 206,605 | 721 | 1.39 |
| Certificates of deposit, customer | 440,018 | 4,079 | 3.68 | 461,136 | 4,925 | 4.25 |
| Certificates of deposit, brokered | 92,771 | 997 | 4.26 | 192,018 | 2,546 | 5.27 |
| Total interest-bearing deposits (4) | 1,371,134 | 8,648 | 2.50 | 1,465,194 | 11,175 | 3.03 |
| Advances | 230,033 | 2,454 | 4.23 | 236,576 | 2,491 | 4.19 |
| Subordinated debt | 34,634 | 345 | 3.95 | 39,504 | 394 | 3.97 |
| Total interest-bearing liabilities | 1,635,801 | 11,447 | 2.78 | 1,741,274 | 14,060 | 3.21 |
| Noninterest-bearing deposits (4) | 247,496 | 256,715 | ||||
| Other noninterest-bearing liabilities | 42,883 | 45,953 | ||||
| Total average liabilities | 1,926,180 | 2,043,942 | ||||
| Average equity | 157,588 | 161,560 | ||||
| Total average liabilities and equity | $2,083,768 | $2,205,502 | ||||
| Net interest income | $14,690 | $14,137 | ||||
| Net interest rate spread | 2.56 | 2.24 | ||||
| Net earning assets | $304,974 | $317,844 | ||||
| Net interest margin (5) | 3.00 | 2.73 | ||||
| Average interest-earning assets to average interest-bearing liabilities | 118.6% | 118.3% | ||||
(1) The average loans receivable, net balances include nonaccrual loans.
(2) Interest earned on loans receivable includesnet deferred (costs) fees of($409,000) and$103,000 for the three months ended December 31, 2025 and 2024, respectively.
(3) Includes interest-earning deposits (cash) at other financial institutions.
(4) Cost of all deposits, including noninterest-bearing demand deposits, was 2.12% and 2.58% for the three months ended December 31, 2025 and 2024, respectively.
(5) Net interest income divided by average interest-earning assets.
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