First Northwest Bancorp Business Summary

First Northwest Bancorp (NASDAQ: FNWB) operates as the financial holding company for First Fed Bank, a community-oriented institution primarily serving the Pacific Northwest. The company generates revenue through net interest income derived from a diverse lending portfolio, including one-to-four family residential mortgages, commercial and multi-family real estate, construction, and consumer loans. Its non-interest income is bolstered by traditional banking fees and strategic investments, most notably a 33% interest in Meriwether Group, a boutique investment banking and accelerator firm. FNWB distinguishes itself by integrating modern fintech solutions, such as its partnership with Apiture, to enhance digital business banking. Within the regional landscape, it competes directly with Heritage Financial Corporation, FS Bancorp, Inc., and Riverview Bancorp, positioning itself as a high-touch community bank that leverages digital-first infrastructure to capture market share from larger regional incumbents. Leadership is currently spearheaded by President and CEO Curt Queyrouze, a seasoned executive with over 40 years of experience in credit, risk management, and financial technology. Prior to joining FNWB in September 2025, Queyrouze served as President of Community Bank and Corporate Credit at Coastal Financial Corporation and was previously the CEO of TAB Bank. The executive team includes EVP and CFO Phyllis Nomura, who brings over 30 years of financial leadership from roles at First Sound Bank and various Seattle-based organizations. The Board of Directors is led by Chair Cindy H. Finnie and includes notable members such as Vice Chair Sherilyn G. Anderson and Johanna Bartee, Executive Director of JST Capital. While the institution traces its roots back to its 1923 founding as a mutual savings bank, the current leadership team is focused on a strategic transformation into a tech-forward financial partner for the North Olympic Peninsula and beyond.