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First Northwest Bancorp (FNWB) Company Profile

Updated Aug 8, 2019
First Northwest Bancorp has the following business profile:
Company's Full Name:First Northwest Bancorp
Short Name:First Northwest Bancorp
Trading Ticker Symbol:FNWB
Primary Exchange:NASDAQ
Headquarter City/Country:Washington, WA
Primary Industry Sector:Finance
Seconday Sub-sector:Banks
Main Business Areas: Finance, Banks, Financial Services, Savings & Cooperative Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for First Northwest Bancorp

The following details were available for trading and market data about the stock of First Northwest Bancorp as of writing:
Current Share Price:$16.08
Previous Year's Closing Price:$14.83
Percentage Price Change (YTD):8.43%
Market Cap:$175.68 million
52-week Price Range:$13.56 - $16.98
Dividend Per Share:$0.09
EPS (TTM):0.82
Price-Earnings (Trailing):19.61
Price-Earnings (Forward):0

Company Profile and Business Description for First Northwest Bancorp

First Northwest Bancorp, incorporated on August 14, 2012, is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves. 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.

Lending Activities

The Bank's principal lending activities are focused on first lien one- to four-family mortgage loans, and commercial and multi-family real estate loans. The Bank also makes construction and land loans (including lot loans), commercial business loans, and consumer loans. A portion of its loan portfolio is secured by real estate, either as primary or secondary collateral. It originates both fixed and adjustable-rate loans. Fixed-rate residential mortgages are offered with repayment terms between 10 and 30 years. It offers both fixed- and adjustable-rate loans on commercial and multi-family real estate, which may include balloon loans. It also originates construction loans for certain commercial real estate projects. These projects include, but are not limited to, subdivisions, multi-family, retail, office/warehouse, hotel and office buildings. The Bank offers a range of consumer loans, including home equity loans and lines of credit, new and used automobile loans, loans on other miscellaneous vehicles, including recreational vehicles, travel trailers and motorcycles, and personal lines of credit. It offers commercial business loans to business borrowers, which include lines of credit, term loans and letters of credit. These loans are secured by business assets and are used for general business purposes, including seasonal and permanent working capital, equipment financing, capital and general investments. As of June 30, 2016, the Bank's total loans were $625.9 million.

Investment Activities

The Bank's investment securities are classified as securities available-for-sale and securities held-to-maturity. The Bank's securities available-for-sale consist of municipal bonds, the United States Treasury and Government agency issued bonds (Agency bonds), the United States Government agency issued asset-backed securities (ABS Agency), Corporate issued asset-backed securities (ABS corporate) and the United States Small Business Administration securities (SBA), and mortgage-backed securities, which include the United States Government agency issued mortgage-backed securities (MBS agency) and Corporate issued mortgage-backed securities (MBS corporate). The Bank's securities held-to-maturity consist of municipal bonds, SBA and Mortgage-Backed Securities, which include MBS agency. As of June 30, 2016, the Bank's total securities were $331.2 million.

Sources of Funds

The Bank's deposits are its primary source of funds for its lending and investing activities. The Bank offers a selection of deposit instruments, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a range of rates. As of June 30, 2016, the Bank's total deposits were $723.3 million. The Bank uses advances from the Federal Home Loan Bank of Des Moines (FHLB), including short-term overnight advances and longer term advances, to supplement its supply of lendable funds, to meet short-term deposit withdrawal requirements, and to provide longer-term funding to match the duration of selected loan and investment maturities.

105 W 8th St

Peer / Competitor Companies of Banks Sector

Along with First Northwest Bancorp, the following other peer (competitor) companies also exist within the same Banks - Finance sector whose company profile and dividend history is as follows:

▶ Anchor Bancorp (ANCB): Anchor Bancorp, incorporated on September 8, 2008, is the bank holding company of Anchor Bank (the Bank). The Bank is a community-based savings bank. As of June 30, 2016, the ....See Detailed Company Profile  and Dividend History.

▶ Bay Banks of Virginia (BAYK): Bay Banks of Virginia, Inc., through its subsidiaries, provides various banking products and services to businesses, professionals, and consumers in Virginia. The company accepts checking accounts, savings acco....See Detailed Company Profile  and Dividend History.

▶ Berkshire Hills Bancorp (BHLB): Berkshire Hills Bancorp, Inc. (Berkshire) is a holding company for Berkshire Bank (the Bank) and Berkshire Insurance Group. Berkshire offers a range of deposit, lending, insurance and wealth management products ....See Detailed Company Profile  and Dividend History.

▶ Entegra Financial (ENFC): Entegra Financial Corp., incorporated on May 31, 2011, is the holding company for Entegra Bank. The Company provides a range of financial services through full-service offices located in Cherokee, Henderson, ....See Detailed Company Profile  and Dividend History.

▶ ESSA Bancorp (ESSA): ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts savin....See Detailed Company Profile  and Dividend History.

▶ First Connecticut Bancorp (FBNK): First Connecticut Bancorp, Inc. (FCB), incorporated on January 27, 2011, is a stock holding company. The Company operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community ....See Detailed Company Profile  and Dividend History.

▶ FS Bancorp (FSBW): FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry nich....See Detailed Company Profile  and Dividend History.

▶ Greene County Bancorp (GCBC): Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services. Its deposit products include savings, NOW accounts, money market accou....See Detailed Company Profile  and Dividend History.

▶ Heritage Financial (HFWA): Heritage Financial Corporation, incorporated on August 28, 1997, is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its ....See Detailed Company Profile  and Dividend History.

▶ Home Bancorp (HBCP): Home Bancorp, Inc. operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest....See Detailed Company Profile  and Dividend History.

▶ Malvern Bancorp (MLVF): Malvern Bancorp, Inc. operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts ....See Detailed Company Profile  and Dividend History.

▶ New York Community Bancorp (NYCB): New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey....See Detailed Company Profile  and Dividend History.

▶ Prudential Bancorp (PBIP): Prudential Bancorp, Inc., incorporated on June 6, 2013, is a holding company for Prudential Savings Bank (the Bank). The Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured savings bank. ....See Detailed Company Profile  and Dividend History.

▶ Southern Missouri Bancorp (SMBC): Southern Missouri Bancorp, Inc., incorporated on September 16, 1998, is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits ....See Detailed Company Profile  and Dividend History.

▶ Timberland Bancorp (TSBK): Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market depos....See Detailed Company Profile  and Dividend History.

▶ United Community Financial (UCFC): United Community Financial Corp., incorporated on February 2, 1998, is financial services holding company. The Companys subsidiaries include The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or ....See Detailed Company Profile  and Dividend History.

▶ United Financial Bancorp (UBNK): United Financial Bancorp, Inc., incorporated on September 13, 2010, is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to ....See Detailed Company Profile  and Dividend History.

▶ Wellesley Bancorp (WEBK): Wellesley Bancorp, Inc., incorporated on October 1, 2011, is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to ....See Detailed Company Profile  and Dividend History.

▶ Wolverine Bancorp (WBKC): Wolverine Bancorp, Inc., incorporated on October 8, 2010, is a savings and loan holding company of Wolverine Bank (the Bank), which is a subsidiary of the Company. The Bank is ....See Detailed Company Profile  and Dividend History.

▶ WVS Financial (WVFC): WVS Financial Corp., incorporated on July 30, 1993, is a bank holding company of West View Savings Bank. West View Savings Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured ....See Detailed Company Profile  and Dividend History.

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