First Northwest Bancorp is a bank holding company for First Federal Savings and Loan Association of Port Angeles. The Bank provides commercial and consumer banking services to individuals and businesses located primarily on the Olympic Peninsula in the State of Washington. These services include deposit and lending transactions that are supplemented with borrowing and investing activities. First Federal’s principal lending activities are concentrated in first lien one- to four-family mortgage loans and commercial and multi-family real estate loans. First Federal also makes construction and land loans, commercial business loans, and consumer loans, consisting primarily of automobile loans and home-equity loans and lines of credit.

Type
Public
HQ
Port Angeles, US
Founded
1923
Size (employees)
204 (est)
First Northwest Bancorp was founded in 1923 and is headquartered in Port Angeles, US
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First Northwest Bancorp Office Locations

First Northwest Bancorp has offices in Port Townsend, Bellingham, Seattle, Silverdale and in 1 other location
Port Angeles, US (HQ)
105 W 8th St
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First Northwest Bancorp Financials and Metrics

First Northwest Bancorp Financials

First Northwest Bancorp's revenue was reported to be $38.35 m in FY, 2016 which is a 19.1% increase from the previous period.
USD

Net income (Q1, 2018)

1.8 m

EBIT (Q1, 2018)

8.5 m

Market capitalization (18-Apr-2018)

180.8 m
First Northwest Bancorp's current market capitalization is $180.8 m.
Annual
USDFY, 2015FY, 2016

Revenue

32.2 m38.3 m

Revenue growth, %

19%

Cost of goods sold

4.6 m4.8 m

Gross profit

27.6 m33.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

8.2 m8.8 m9.8 m9.2 m10 m10.2 m11.6 m

Cost of goods sold

1.2 m1.2 m1.2 m1.2 m1.2 m1.3 m1.3 m

Gross profit

7 m7.6 m8.6 m8.1 m8.8 m9 m10.3 m

Gross profit Margin, %

86%86%88%87%88%88%89%
Annual
USDFY, 2015FY, 2016

Cash

10.6 m12.8 m

Accounts Receivable

2.5 m2.8 m

PP&E

12.6 m13.5 m

Total Assets

936.8 m1 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

27.5 m139.3 m10.5 m10.2 m14.2 m10.4 m11.8 m14.4 m11.8 m

PP&E

12.2 m12.1 m12.1 m12.8 m13.6 m13.6 m13.6 m13.7 m13.5 m

Total Assets

788.1 m924.2 m936.8 m958.1 m957.8 m995.4 m1 b1 b1.1 b1.2 b

Accounts Payable

605.2 m740.8 m644.7 m666.9 m685.1 m709.7 m776.3 m794.1 m807.7 m
Annual
USDFY, 2015FY, 2016

Net Income

(5.1 m)4 m

Depreciation and Amortization

973 k1.1 m

Inventories

(4.4 m)

Accounts Payable

1.4 m8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

849 k1.7 m(5.8 m)1.2 m1.9 m2.8 m651 k1.8 m4 m1.8 m

Depreciation and Amortization

248 k492 k731 k246 k523 k819 k304 k627 k949 k

Accounts Payable

(11 k)1.6 m(1 k)(22 k)(56 k)(5 k)

Cash From Operating Activities

3.3 m3.8 m(2.8 m)(1.2 m)1.5 m3 m(6 m)(4.3 m)(1.4 m)
USDY, 2017

Financial Leverage

6.5 x
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First Northwest Bancorp Operating Metrics

First Northwest Bancorp's Total Loans was reported to be $713.5m in Q3, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Bank Branches

9 10

Non-accrual Loans

$5.96 m$5.84 m$4.13 m$4.49 m$4.88 m$3.79 m$2.25 m$3.87 m$3.26 m$2.87 m$2.50 m$2.35 m

Total Loans

$503.83 m$489.19 m$493.54 m$493.18 m$493.88 m$503.62 m$533.41 m$580.29 m$625.99 m$670.18 m$697.31 m$713.46 m
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