First Northwest Bancorp
For the period ended Jul 29, 2026. Filed Jul 29, 2026.
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Jul 29, 2026 · Filed Jul 29, 2026
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Contents
EX-99.1 · NET INTEREST MARGIN ANALYSIS
NET INTEREST MARGIN ANALYSIS
(Unaudited)
| Three Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| 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) | $1,588,321 | $21,997 | 5.55% | $1,639,236 | $22,814 | 5.58% |
| Total investment securities | 276,147 | 2,723 | 3.96 | 311,078 | 3,466 | 4.47 |
| FHLB dividends | 12,020 | 282 | 9.41 | 13,313 | 331 | 9.97 |
| Interest-earning deposits in banks | 48,783 | 453 | 3.72 | 46,807 | 520 | 4.46 |
| Total interest-earning assets (3) | 1,925,271 | 25,455 | 5.30 | 2,010,434 | 27,131 | 5.41 |
| Noninterest-earning assets | 143,007 | 154,145 | ||||
| Total average assets | $2,068,278 | $2,164,579 | ||||
| Interest-bearing liabilities: | ||||||
| Interest-bearing demand deposits | $141,339 | $83 | 0.24 | $164,475 | $240 | 0.59 |
| Money market accounts | 455,356 | 2,451 | 2.16 | 444,135 | 2,660 | 2.40 |
| Savings accounts | 243,735 | 921 | 1.52 | 228,901 | 884 | 1.55 |
| Certificates of deposit, customer | 449,938 | 4,024 | 3.59 | 451,712 | 4,396 | 3.90 |
| Certificates of deposit, brokered | 51,788 | 554 | 4.29 | 124,383 | 1,372 | 4.42 |
| Total interest-bearing deposits (4) | 1,342,156 | 8,033 | 2.40 | 1,413,606 | 9,552 | 2.71 |
| Advances | 252,230 | 2,633 | 4.19 | 275,176 | 3,041 | 4.43 |
| Subordinated debt | 34,668 | 616 | 7.13 | 34,600 | 345 | 4.00 |
| Total interest-bearing liabilities | 1,629,054 | 11,282 | 2.78 | 1,723,382 | 12,938 | 3.01 |
| Noninterest-bearing deposits (4) | 237,762 | 243,655 | ||||
| Other noninterest-bearing liabilities | 43,529 | 50,685 | ||||
| Total average liabilities | 1,910,345 | 2,017,722 | ||||
| Average equity | 157,933 | 146,857 | ||||
| Total average liabilities and equity | $2,068,278 | $2,164,579 | ||||
| Net interest income | $14,173 | $14,193 | ||||
| Net interest rate spread | 2.52 | 2.40 | ||||
| Net earning assets | $296,217 | $287,052 | ||||
| Net interest margin (5) | 2.95 | 2.83 | ||||
| Average interest-earning assets to average interest-bearing liabilities | 118.2% | 116.7% | ||||
(1) The average loans receivable, net balances include nonaccrual loans.
(2) Interest earned on loans receivable includesnet deferred costs of$1.4 million and$486,000 for the three months ended June 30, 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 2.31% for the three months ended June 30, 2026 and 2025, respectively.
(5) Net interest income divided by average interest-earning assets.
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