First Northwest Bancorp
For the period ended Apr 29, 2026. Filed Apr 29, 2026.
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Apr 29, 2026 · Filed Apr 29, 2026
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Contents
EX-99.1 · NET INTEREST MARGIN ANALYSIS
NET INTEREST MARGIN ANALYSIS
| Three Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2026 · 2025 | ||||||
| Average · Interest · Average · Interest | ||||||
| Balance | Earned/ | Yield/ | Balance | Earned/ | Yield/ | |
| (dollars in thousands) | Outstanding | Paid | Rate | Outstanding | Paid | Rate |
| Interest-earning assets: | ||||||
| Loans receivable, net (1) (2) | $1,597,287 | $22,000 | 5.59% | $1,641,937 | $22,231 | 5.49% |
| Total investment securities | 269,658 | 2,585 | 3.89 | 333,208 | 3,803 | 4.63 |
| FHLB dividends | 12,168 | 282 | 9.40 | 13,609 | 307 | 9.15 |
| Interest-earning deposits in banks | 51,046 | 467 | 3.71 | 42,917 | 482 | 4.55 |
| Total interest-earning assets (3) | 1,930,159 | 25,334 | 5.32 | 2,031,671 | 26,823 | 5.35 |
| Noninterest-earning assets | 140,292 | 143,077 | ||||
| Total average assets | $2,070,451 | $2,174,748 | ||||
| Interest-bearing liabilities: | ||||||
| Interest-bearing demand deposits | $140,578 | $72 | 0.21 | $168,414 | $260 | 0.63 |
| Money market accounts | 446,467 | 2,343 | 2.13 | 414,425 | 2,345 | 2.29 |
| Savings accounts | 243,322 | 871 | 1.45 | 216,499 | 783 | 1.47 |
| Certificates of deposit, customer | 438,176 | 3,892 | 3.60 | 451,936 | 4,522 | 4.06 |
| Certificates of deposit, brokered | 70,123 | 752 | 4.35 | 158,269 | 1,827 | 4.68 |
| Total interest-bearing deposits (4) | 1,338,666 | 7,930 | 2.40 | 1,409,543 | 9,737 | 2.80 |
| Advances | 252,778 | 2,619 | 4.20 | 279,500 | 2,855 | 4.14 |
| Subordinated debt | 34,651 | 345 | 4.04 | 38,370 | 384 | 4.06 |
| Total interest-bearing liabilities | 1,626,095 | 10,894 | 2.72 | 1,727,413 | 12,976 | 3.05 |
| Noninterest-bearing deposits (4) | 240,633 | 243,569 | ||||
| Other noninterest-bearing liabilities | 44,191 | 47,329 | ||||
| Total average liabilities | 1,910,919 | 2,018,311 | ||||
| Average equity | 159,532 | 156,437 | ||||
| Total average liabilities and equity | $2,070,451 | $2,174,748 | ||||
| Net interest income | $14,440 | $13,847 | ||||
| Net interest rate spread | 2.60 | 2.30 | ||||
| Net earning assets | $304,064 | $304,258 | ||||
| Net interest margin (5) | 3.03 | 2.76 | ||||
| Average interest-earning assets to average interest-bearing liabilities | 118.7% | 117.6% | ||||
(1) The average loans receivable, net balances include nonaccrual loans.
(2) Interest earned on loans receivable includesnet deferred costs of$633,000 and$338,000 for the three months ended March 31, 2026 and 2025, respectively.
(3) Includes interest-earning deposits (cash) at other financial institutions.
(4) Cost of all deposits, including noninterest-bearing demand deposits, was 2.04% and 2.39% for the three months ended March 31, 2026 and 2025, respectively.
(5) Net interest income divided by average interest-earning assets.
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