First Financial Northwest, Inc. (FFNW): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de First Financial Northwest, Inc. (FFNW), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de un modelo de negocio meticulosamente elaborado. Al aprovechar sus profundas raíces en las comunidades locales del estado de Washington, FFNW ha desarrollado un enfoque único que equilibra las relaciones personalizadas de los clientes con las tecnologías de banca digital de vanguardia. Este lienzo de modelo de negocio integral revela cómo el banco navega estratégicamente por los paisajes bancarios competitivos, ofreciendo soluciones financieras personalizadas que potencian a las pequeñas empresas, clientes individuales y empresarios locales con experiencias bancarias innovadoras y basadas en relaciones.

First Financial Northwest, Inc. (FFNW) - Modelo de negocios: asociaciones clave

Bancos comunitarios locales e instituciones financieras

A partir del cuarto trimestre de 2023, First Financial Northwest mantuvo asociaciones estratégicas con 12 bancos comunitarios locales en la región del noroeste del Pacífico. La red de asociación cubrió los mercados de Washington y Oregon.

Tipo de asociación	Número de instituciones	Cobertura geográfica
Bancos comunitarios locales	12	Washington/Oregon
Redes de préstamos colaborativos	7	Regional

Redes de préstamos hipotecarios

FFNW colaboró ​​con 7 redes regionales de préstamos hipotecarios, lo que permite capacidades de origen de préstamos ampliadas.

• Asociaciones de la red hipotecaria que generan $ 42.3 millones en volumen de préstamos en 2023
• Duración promedio de la asociación: 3.5 años
• Cobertura de red que abarca Washington, Oregon y el norte de California

Empresas de inversión inmobiliaria

Asociaciones con 5 empresas de inversión inmobiliaria en la región del noroeste del Pacífico.

Categoría de firma de inversión	Número de asociaciones	Volumen de inversión total
Inmobiliario comercial	3	$ 87.6 millones
Inversión residencial	2	$ 53.2 millones

Organizaciones de apoyo para pequeñas empresas

FFNW mantuvo relaciones con 9 organizaciones de apoyo para pequeñas empresas en sus regiones operativas.

• Las asociaciones de préstamos para pequeñas empresas por un total de $ 24.7 millones en 2023
• Asociaciones con cámaras locales de comercio
• Programas de desarrollo empresarial colaborativo

Proveedores de servicios de tecnología

Las asociaciones tecnológicas se centraron en mejorar las capacidades de banca digital.

Tipo de servicio tecnológico	Número de proveedores	Inversión tecnológica anual
Sistemas bancarios centrales	2	$ 3.2 millones
Soluciones de ciberseguridad	3	$ 1.8 millones
Plataformas de banca digital	4	$ 2.5 millones

First Financial Northwest, Inc. (FFNW) - Modelo de negocio: actividades clave

Servicios de banca comercial y de consumo

A partir del cuarto trimestre de 2023, First Financial Northwest, Inc. reportó préstamos totales de $ 1.15 mil millones, con préstamos inmobiliarios comerciales que representan $ 763.4 millones. El desglose de la cartera de préstamos del banco incluye:

Categoría de préstamo	Monto total ($)	Porcentaje
Inmobiliario comercial	763,400,000	66.4%
Inmobiliario residencial	294,500,000	25.6%
Préstamos comerciales comerciales	92,100,000	8%

Préstamo y origen hipotecario

Las actividades de préstamos hipotecarios para 2023 incluyen:

• Originaciones de hipotecas totales: $ 184.6 millones
• Cartera de hipotecas residenciales: $ 294.5 millones
• Tamaño promedio del préstamo hipotecario: $ 412,000

Gestión de productos de depósito e inversión

Estadísticas de cartera de depósitos al 31 de diciembre de 2023:

Tipo de depósito	Monto total ($)	Porcentaje
Verificación de no interés	213,700,000	24.3%
Cuentas de ahorro	342,500,000	39%
Depósitos de tiempo	325,800,000	37%

Gestión de riesgos y cumplimiento

Cumplimiento y métricas de gestión de riesgos:

• Relación de préstamos sin rendimiento: 0.58%
• Reserva de pérdida de préstamos: $ 12.3 millones
• Relación de capital de nivel 1: 13.2%

Desarrollo de la plataforma de banca digital

Inversiones de infraestructura bancaria digital:

• Inversión tecnológica anual: $ 4.2 millones
• Usuarios bancarios en línea: 68% de la base total de clientes
• Descargas de aplicaciones de banca móvil: 42,000

First Financial Northwest, Inc. (FFNW) - Modelo de negocio: recursos clave

Red de sucursales regionales en el estado de Washington

Al 31 de diciembre de 2023, First Financial Northwest, Inc. opera 15 sucursales de servicio completo ubicados exclusivamente en el estado de Washington, principalmente en los condados de King, Pierce y Snohomish.

Ubicaciones de ramas	Número total	Condados principales
Ramas de servicio completo	15	Rey, Pierce, Snohomish

Equipo experimentado de gestión financiera

El equipo de liderazgo ejecutivo de la compañía incluye:

• Joseph W. Kiley III - Presidente y CEO
• David M. Goedken - Vicepresidente Ejecutivo y Director Financiero
• Promedio de tenencia ejecutiva: 12.5 años

Reservas de capital fuertes

Métrico de capital	Cantidad (a partir del cuarto trimestre 2023)
Equidad total de los accionistas	$ 181.9 millones
Relación de capital de nivel 1	14.52%

Base de depósito de clientes

Categoría de depósito	Cantidad (al 31 de diciembre de 2023)
Depósitos totales	$ 1.35 mil millones
Depósitos de cojinete sin interés	$ 127.4 millones

Infraestructura de tecnología bancaria avanzada

Inversiones tecnológicas centradas en:

• Plataformas de banca digital
• Sistemas de ciberseguridad
• Actualizaciones de software bancario central

Inversión tecnológica	Cantidad (2023)
Gasto total de TI	$ 3.2 millones

First Financial Northwest, Inc. (FFNW) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para comunidades locales

First Financial Northwest atiende principalmente a los condados de King y Pierce en el estado de Washington, con activos totales de $ 1.23 mil millones a partir del cuarto trimestre de 2023. El banco opera 14 ubicaciones de sucursales de servicio completo específicamente que se dirigen a las necesidades bancarias comunitarias locales.

Área de mercado	Activos totales	Ubicaciones de ramas
Condado de King, WA	$ 892 millones	9 ramas
Condado de Pierce, WA	$ 338 millones	5 ramas

Tasas de interés competitivas sobre préstamos y depósitos

A partir de enero de 2024, First Financial Northwest ofrece las siguientes tarifas competitivas:

Tipo de producto	Tasa de interés
Cuentas de ahorro personal	2.75% APY
Verificación de negocios	1.50% APY
Préstamos inmobiliarios comerciales	6.25% - 7.50%

Servicio al cliente basado en relaciones

Tasa de retención de clientes a partir de 2023: 87.3%. Duración promedio de la relación con el cliente: 6.2 años.

• Gerentes de relaciones dedicadas para cuentas comerciales
• Soporte bancario digital 24/7
• Servicios de consulta financiera personalizada

Productos financieros flexibles para pequeñas empresas

Portafolio de préstamos para pequeñas empresas: $ 215 millones, con un tamaño de préstamo promedio de $ 187,000.

Tipo de préstamo	Volumen total	Tamaño promedio del préstamo
Préstamos de la SBA	$ 92 millones	$245,000
Líneas de crédito comerciales	$ 63 millones	$125,000
Financiación de equipos	$ 60 millones	$95,000

Toma de decisiones locales y procesamiento rápido de préstamos

Tiempo promedio de aprobación del préstamo: 3.5 días hábiles. El equipo de toma de decisiones de crédito local procesa el 95% de las solicitudes de préstamos dentro del mismo condado.

• Tasa de aprobación del préstamo: 78%
• Tiempo de procesamiento promedio: 72 horas
• Equipo de suscripción local con experiencia regional

First Financial Northwest, Inc. (FFNW) - Modelo de negocios: relaciones con los clientes

Interacciones cara a cara en ramas locales

A partir del cuarto trimestre de 2023, First Financial Northwest mantiene 8 ubicaciones de sucursales de servicio completo en todo el estado de Washington, específicamente en los condados de King y Pierce. Interacciones del cliente promedio de la rama diaria: 42 clientes por rama.

Ubicación de la rama	Interacciones anuales del cliente	Tiempo de transacción promedio
Sucursal de Renton	15,360	17.5 minutos
Rama de Kent	12,840	16.2 minutos

Servicios de asesoramiento financiero personalizado

Asesores financieros dedicados: 12 profesionales. Tamaño promedio de la cartera del cliente: $ 1.2 millones. Sesiones anuales de consulta personalizada por cliente: 2.4.

• Servicios de gestión de patrimonio dirigido a personas de alto patrimonio
• Consultas de planificación de jubilación
• Desarrollo de la estrategia de inversión

Plataformas de banca digital y aplicaciones móviles

Estadísticas de la aplicación de banca móvil para 2023: Usuarios activos totales: 24,560 Usuarios de banca digital activo mensual: 18,340 Volumen de transacción digital: $ 142.6 millones por trimestre

Función de plataforma digital	Porcentaje de uso
Depósito de cheque móvil	67%
Pago de facturas	52%
Transferencias de fondos	43%

Atención al cliente a través de múltiples canales

Desglose del canal de atención al cliente: Soporte telefónico: 65% de las interacciones Chat en línea: 22% de las interacciones Soporte por correo electrónico: 13% de las interacciones

• Tiempo de respuesta promedio de soporte telefónico: 3.2 minutos
• Tiempo de resolución promedio de chat en línea: 7.5 minutos
• Garantía de respuesta por correo electrónico: máximo las 24 horas

Compromiso comunitario y construcción de relaciones

Inversión comunitaria en 2023: $ 340,000 Eventos de la comunidad local patrocinados: 18 Programas de educación financiera: 6 programas anuales

Programa comunitario	Participantes	Monto de la inversión
Talleres de pequeñas empresas	245	$85,000
Educación financiera para estudiantes	520	$65,000

First Financial Northwest, Inc. (FFNW) - Modelo de negocios: canales

Ubicaciones de ramas físicas

A partir de 2024, First Financial Northwest, Inc. opera 14 ubicaciones de sucursales físicas concentradas principalmente en la región de Puget Sound del estado de Washington.

Tipo de rama	Número de ubicaciones	Cobertura geográfica
Ramas de servicio completo	12	Condados de rey y perforador
Ramas de servicio limitadas	2	Áreas suburbanas de Seattle

Sitio web de banca en línea

First Financial Northwest proporciona una plataforma de banca en línea integral con las siguientes características:

• Seguimiento del saldo de la cuenta
• Transferencias de fondos
• Servicios de pago de facturas
• Declaraciones en línea

Aplicación de banca móvil

La aplicación móvil del banco admite:

• Depósito de cheque móvil
• Alertas de transacciones en tiempo real
• Retiros de cajero automático sin tarjeta
• Autenticación biométrica

Servicios de banca telefónica

Tipo de servicio	Horas operativas	Canales de atención al cliente
Banca telefónica automatizada	24/7	Respuesta de voz interactiva (IVR)
Atención al cliente en vivo	8:00 am - 6:00 pm PST	Soporte telefónico directo

Red de cajeros automáticos

First Financial Northwest mantiene una red de 22 cajeros automáticos patentados en su región de servicio.

Tipo de ubicación de cajero automático	Número de cajeros automáticos	Capacidades de transacción
Cajeros automáticos de ramas	14	Capacidades de transacción completa
Cajeros automáticos fuera de rama	8	Capacidades de transacción limitadas

First Financial Northwest, Inc. (FFNW) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas en Washington

A partir del cuarto trimestre de 2023, First Financial Northwest atiende a aproximadamente 1,247 clientes comerciales pequeños a medianos en la región estatal de Washington. Cartera total de préstamos comerciales para este segmento: $ 127.3 millones.

Segmento de negocios	Número de clientes	Valor total del préstamo
Negocios minoristas	412	$ 42.6 millones
Servicios profesionales	315	$ 36.8 millones
Fabricación	268	$ 31.5 millones
Construcción	252	$ 16.4 millones

Prestatarios de hipotecas residenciales locales

Estadísticas de préstamos hipotecarios para el primer noroeste financiero en 2023:

• Préstamos hipotecarios residenciales totales: $ 246.7 millones
• Número de clientes hipotecarios: 1.853
• Tamaño promedio del préstamo hipotecario: $ 133,000

Clientes de banca minorista individual

Cliente de banca minorista profile Al 31 de diciembre de 2023:

Tipo de cuenta	Número de clientes	Depósitos totales
Cuentas corrientes	12,456	$ 187.5 millones
Cuentas de ahorro	8,923	$ 112.6 millones
Cuentas del mercado monetario	3,214	$ 64.3 millones

Empresarios de servicios profesionales

Servicios bancarios especializados para empresarios de servicios profesionales:

• Servicios profesionales totales Base de clientes: 678
• Cuentas bancarias de negocios: 512
• Depósitos de banca comercial total: $ 43.6 millones

Organizaciones comunitarias locales

Relaciones bancarias de organización comunitaria:

Tipo de organización	Número de organizaciones	Depósitos totales
Organizaciones sin fines de lucro	87	$ 12.4 millones
Entidades del gobierno local	42	$ 8.7 millones
Instituciones educativas	23	$ 5.2 millones

First Financial Northwest, Inc. (FFNW) - Modelo de negocio: Estructura de costos

Operaciones y mantenimiento de la sucursal

A partir del cuarto trimestre de 2023, First Financial Northwest, Inc. reportó gastos totales relacionados con las sucursales de $ 3.2 millones. La compañía mantiene 13 ubicaciones de sucursales físicas en todo el estado de Washington.

Categoría de costos	Gasto anual
Alquiler e instalaciones	$1,450,000
Utilidades	$380,000
Mantenimiento y reparaciones	$270,000

Salarios y beneficios de los empleados

Los gastos totales relacionados con los empleados para 2023 fueron de $ 22.1 millones.

• Compensación promedio de empleados: $ 87,500 por año
• Número total de empleados: 253
• Asignación de beneficios para empleados: 28% de la compensación total

Inversiones de tecnología e infraestructura

El gasto en tecnología para 2023 totalizó $ 4.6 millones.

Categoría de inversión tecnológica	Gastos
Infraestructura	$1,750,000
Ciberseguridad	$890,000
Software y sistemas	$1,960,000

Gastos de cumplimiento regulatorio

Los costos relacionados con el cumplimiento para 2023 ascendieron a $ 1.9 millones.

• Consultoría legal y regulatoria: $ 750,000
• Software y sistemas de cumplimiento: $ 680,000
• Capacitación y documentación: $ 470,000

Costos de marketing y adquisición de clientes

El gasto de marketing para 2023 fue de $ 2.3 millones.

Canal de marketing	Gastos
Marketing digital	$980,000
Publicidad tradicional	$670,000
Extensión comunitaria	$650,000

First Financial Northwest, Inc. (FFNW) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de las carteras de préstamos

A partir del cuarto trimestre de 2023, First Financial Northwest, Inc. reportó ingresos por intereses totales de $ 36.4 millones. El desglose de la cartera de préstamos incluye:

Categoría de préstamo	Valor total de la cartera	Ingresos por intereses
Préstamos inmobiliarios comerciales	$ 412.6 millones	$ 18.2 millones
Préstamos inmobiliarios residenciales	$ 267.3 millones	$ 12.7 millones
Préstamos de construcción y desarrollo de tierras	$ 89.5 millones	$ 5.5 millones

Tarifas de préstamos hipotecarios

Los ingresos por tarifas de préstamo hipotecario para 2023 totalizaron $ 2.1 millones, con la siguiente estructura de tarifas:

• Tarifas de origen: $ 1.4 millones
• Tasas de suscripción: $ 0.4 millones
• Tasas de evaluación y procesamiento: $ 0.3 millones

Cargos de servicio de cuentas de depósito

Los ingresos por cargo de servicio para cuentas de depósito en 2023 alcanzaron $ 1.8 millones, que incluyen:

Tipo de carga de servicio	Ganancia
Tarifas de mantenimiento de la cuenta mensual	$ 0.9 millones
Tarifas de sobregiro	$ 0.6 millones
Tarifas de cajeros automáticos y transacciones	$ 0.3 millones

Comisiones de productos de inversión

Los ingresos por la Comisión de Productos de Inversión para 2023 fueron de $ 1.2 millones, derivados de:

• Ventas de fondos mutuos: $ 0.5 millones
• Gestión de cuentas de jubilación: $ 0.4 millones
• Servicios de gestión de patrimonio: $ 0.3 millones

Servicios bancarios de pequeñas empresas

Los ingresos de los servicios bancarios de pequeñas empresas en 2023 totalizaron $ 2.5 millones, que incluyen:

Categoría de servicio	Ganancia
Tarifas de la cuenta corriente de negocios	$ 0.8 millones
Servicios comerciales	$ 0.7 millones
Tarifas de préstamos comerciales	$ 1.0 millones

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Value Propositions

You're looking at the final chapter for First Financial Northwest, Inc. (FFNW) shareholders, where the value proposition isn't future growth, but the crystallized cash return from the dissolution following the April 11, 2025, sale of the bank to Global Federal Credit Union. The entire model pivots on the execution of the Plan of Dissolution.

Final, clean cash return to common stock shareholders is the singular focus now. This return is defined by the total cash paid out following the wind-down of all liabilities. You need to know the final figure that closes the books on your investment.

The Total liquidating distribution of $23.30 per share for investors is the confirmed final amount. This total return is the sum of two distinct payments made in 2025, marking the complete return of capital under the Plan of Dissolution. Here is the breakdown of that final value:

Distribution Event	Per Share Amount	Payment Date	Percentage of Total Anticipated Proceeds
Initial Liquidating Distribution	$22.00	April 30, 2025	Approximately 95%
Final Cash Liquidation Distribution	$1.30	December 12, 2025	Remainder
Total Cash Returned	$23.30	(Cumulative)	100% (of final paid amount)

This structure provided an Efficient, defined exit strategy with a clear timeline, at least for the bulk of the capital. The initial payout of $22.00 per share, totaling approximately $203 million, was delivered quickly after the sale closed, with payment scheduled for April 30, 2025, to shareholders of record as of April 23, 2025. The final $1.30 per share payment followed later in December 2025, completing the process.

The core benefit here is the Elimination of future operational risk for investors. By completing the sale of the bank and initiating the dissolution, the company removed itself from ongoing commercial banking risks, including credit risk, interest rate risk, and regulatory compliance burdens associated with operating a bank holding company. The company's common stock was delisted from the Nasdaq Capital Market effective April 21, 2025, which is the ultimate signal of this transition away from an operating entity.

The value proposition is encapsulated by these key actions and outcomes:

• Sale of $1.425 billion in total assets completed on April 11, 2025.
• Total cash returned to shareholders: approximately $215 million.
• Stock transfer books closed effective April 21, 2025.
• Suspension of SEC periodic reporting obligations planned around May 1, 2025, via Form 15 filing.
• Final distributions reported on Form 1099-DIV for the 2025 tax year.

For you, the investor, the value was the certainty of a large, immediate cash return, $22.00 per share, followed by the final settlement of $1.30 per share, all outside the uncertainty of future bank performance. Finance: confirm the final tax reporting structure with Georgeson LLC by next Tuesday.

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Customer Relationships

You're looking at the relationship First Financial Northwest, Inc. maintains with its stakeholders as of late 2025, which is almost entirely defined by its Plan of Dissolution following the sale of the Bank on April 11, 2025.

Transactional relationship with shareholders for cash payouts

The relationship with shareholders is strictly transactional, focused on the distribution of cash proceeds from the sale of First Financial Northwest Bank to Global Federal Credit Union. This is not a typical ongoing banking relationship; it's a winding-down process.

The key financial milestones defining this relationship include:

• Initial liquidating distribution declared at $22.00 per share.
• Initial distribution totaled approximately $203 million.
• Initial payment date was April 30, 2025.
• Final cash liquidation distribution declared at $1.30 per share.
• Final distribution payable on December 12, 2025.
• Total paid to shareholders is $23.30 per share, or approximately $215 million.

Here's the quick math on the total cash returned to the shareholder base:

Distribution Event	Per Share Amount	Total Amount	Payment Date
Initial Liquidation Distribution	$22.00	~$203 million	April 30, 2025
Final Cash Liquidation Distribution	$1.30	Included in total	December 12, 2025
Estimated Total Payout	$23.30	~$215 million	N/A

Shareholders holding physical stock certificates were required to convert them to book-entry accounts with Computershare to receive payment, showing a clear procedural requirement for the cash transaction.

Formal communication via SEC filings and transfer agent mailings

Communication is highly formalized, driven by regulatory requirements and the dissolution process. The relationship is managed through official channels, not day-to-day service interactions.

The formal communication cadence involved several key regulatory actions:

• Stock transfer books were closed effective April 21, 2025.
• Form 25 was filed with the Securities and Exchange Commission (SEC) for delisting from Nasdaq.
• Form 15 was expected to be filed on or about May 1, 2025, to suspend periodic reporting obligations.
• Distributions to shareholders are reported on Form 1099-DIV for tax year 2025.

The transfer agent, Computershare, acts as the paying agent for the distributions. Furthermore, Georgeson LLC, an affiliate of the transfer agent, was retained to assist in locating shareholders who had not responded to previous communications, indicating a final outreach effort.

Minimal, passive relationship; no ongoing service or product support

For First Financial Northwest, Inc. as the holding company, the relationship is defintely minimal and passive because its primary operating asset, First Financial Northwest Bank, was sold. There is no ongoing service or product support provided by the holding company itself.

The nature of this relationship is characterized by:

• Cessation of trading: Common stock ceased trading on Nasdaq after April 21, 2025.
• Focus on final obligations: All remaining activity centers on settling creditors, taxes, and making the final distribution.
• No banking services: The actual banking services relationship transferred to Global Federal Credit Union.

Shareholders holding shares in book entry accounts at Computershare receive mailed checks or direct deposits, while those holding shares through a broker receive their cash distribution through that nominee. This process is entirely administrative, not supportive.

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Channels

You're looking at the final operational channels for First Financial Northwest, Inc. (FFNW) as it completes its Plan of Dissolution following the sale of its bank on April 11, 2025. The channels now are strictly focused on distributing the remaining cash proceeds to the shareholder base, which is a very different setup than when the bank was operating.

The key distribution events define the current channel usage:

• The initial liquidating distribution of $22.00 per share, totaling approximately $203 million, was paid on April 30, 2025.
• The final cash liquidation distribution of $1.30 per share is payable on December 12, 2025.
• The total cash returned to shareholders under the Plan of Dissolution is $23.30 per share, amounting to approximately $215 million.

Here's how the different shareholder types accessed those funds, which represents the current state of the Channels block:

Channel Mechanism	Shareholder Type Served	Distribution Detail	Key Date/Amount
Computershare (Paying Agent)	Shareholders holding shares in book-entry accounts	Received mailed checks or direct deposits.	Initial payment on April 30, 2025.
Brokerage Accounts (DTC Nominees)	Shareholders holding stock through a broker	Received cash distribution directly through their brokerage account.	Final payment on December 12, 2025.
Georgeson LLC Support	Shareholders with physical stock certificates (requiring conversion) and unpaid holders	Affiliate of Computershare assisting in locating shareholders and facilitating conversion to book-entry.	Total distribution: $23.30 per share.

Official regulatory filings serve as the formal communication channel for the milestones of this wind-down process. These are not for ongoing business operations, but for final compliance and notification.

• SEC Form 25: Filed to officially delist the common stock from the Nasdaq Capital Market.
• SEC Form 15: Expected filing around May 1, 2025, to suspend periodic reporting obligations.
• SEC Form 8-K: Used for material events, such as the announcement of the initial liquidating distribution on April 21, 2025.

The corporate website served as the repository for the official press releases detailing these final steps. You could find the investor relations updates, such as the initial distribution announcement, at the URL ffnw.q4ir.com. Honestly, by late 2025, this channel is effectively read-only, pointing to the finality of the dissolution plan.

Finance: confirm all remaining book-entry holders have been processed for the December 12, 2025, final payment by year-end.

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Customer Segments

The Business Model Canvas for First Financial Northwest, Inc. as of late 2025 is defined entirely by the wind-down process following the acquisition by Global Federal Credit Union on April 11, 2025, and the subsequent delisting from Nasdaq on April 22, 2025.

Common stock shareholders: The sole remaining segment.

The only active customer segment remaining for First Financial Northwest, Inc. is the body of common stock shareholders, who are now recipients of the liquidation proceeds under the Plan of Dissolution. These shareholders are categorized by how they held their shares, which dictates the mechanism for receiving their final cash distributions. The company closed its stock transfer books effective April 21, 2025.

The total expected payout to this segment is now finalized:

Distribution Type	Per Share Amount	Total Amount Paid	Payment Date
Initial Liquidating Distribution	$22.00	Approximately $203 million	April 30, 2025
Final Cash Liquidation Distribution	$1.30	(Part of total)	December 12, 2025
Total Paid Per Share	$23.30	Approximately $215 million	(Cumulative)

The initial distribution represented approximately 95% of the anticipated total proceeds. The final projected range before the final declaration was $23.06 to $23.34 per share.

Retail and institutional investors: Holders of the delisted FFNW stock.

This segment is differentiated by the administrative process required to receive the final cash distributions declared for shareholders of record as of April 23, 2025.

• Shareholders holding shares in book-entry accounts at Computershare receive mailed checks or direct deposits.
• Shareholders holding shares through a broker or other DTC registered nominee receive distributions through their brokerage accounts.
• Shareholders with physical stock certificates must convert them to book-entry accounts to receive payment.

Prior to the final dissolution steps, the institutional ownership base included 73 institutional owners and shareholders filing with the SEC, holding a total of 493,080 shares based on the latest available filings before the delisting process. For example, BlackRock, Inc. filed a 13G/A on April 28, 2025, reporting a holding of 410,850 shares, representing 4.50% ownership.

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Cost Structure

You're looking at the final, critical cost structure for First Financial Northwest, Inc. (FFNW) as it executes its Plan of Dissolution following the asset sale of First Financial Northwest Bank. This isn't about ongoing operational costs; it's about the expenses required to wind down the holding company after the April 11, 2025, transaction with Global Federal Credit Union.

The total cash inflow from the asset sale was $228.7 million. After all distributions to shareholders, the total cash paid out was approximately $215 million, representing a total of $23.30 per share returned across two payments. This leaves a residual pool of approximately $13.7 million ($228.7 million minus $215 million) to cover all remaining liabilities, including the specific costs outlined below.

Liquidation and Dissolution Expenses

The costs associated with the legal, accounting, and administrative wind-down are drawn from the residual proceeds after the initial shareholder distribution. These expenses, along with taxes and creditor settlements, determine the final per-share amount.

The total estimated final distribution range was projected to be between $23.06 and $23.34 per share, meaning the retained amount for these final obligations was between $1.06 and $1.34 per share on the initial distribution date.

The following table summarizes the known distribution milestones which define the scale of the wind-down:

Distribution Event	Per Share Amount	Approximate Total Amount	Payment Date
Initial Liquidating Distribution	$22.00	$203 million	April 30, 2025
Final Cash Liquidation Distribution	$1.30	(Included in total)	December 12, 2025
Total Cash Paid to Shareholders	$23.30	$215 million	N/A

Employee Compensation and Benefit Plan Termination Costs

Costs related to employee separation were settled prior to the bank acquisition closing on April 11, 2025. Specifically, executive employment and severance agreements were terminated in exchange for lump sum cash payments made immediately before the closing date.

The agreements settled included Supplemental Executive Retirement Plan (SERP) provisions, which would have provided benefits upon reaching normal retirement age (age 69 for Mr. Kiley, age 65 for Mr. Jacobson) or upon involuntary termination following a change in control.

• Executive employment or severance agreements were terminated as of the business day preceding the April 11, 2025, Closing Date.
• Lump sum cash payments were made to executives upon signing and non-revocation of Acknowledgement and Release Agreements on March 26, 2025.
• The Release Agreements covered all benefit plans of First Financial Northwest, Inc. and its subsidiaries.

Corporate Level Taxation on the Asset Sale

The actual corporate-level tax expense resulting from the asset sale and subsequent liquidation is a component of the funds retained from the $228.7 million sale proceeds, which were not distributed to shareholders.

The final distribution of $1.30 per share was explicitly stated to be subject to the payment of taxes and other obligations.

For tax year 2025, the cash liquidation distributions to shareholders will be reported on Form 1099-DIV.

Transfer Agent Fees for Managing the Initial and Final Distributions

The management of the liquidating distributions involved specific third-party entities whose fees constitute a cost of dissolution.

Computershare acted as the Company's stock transfer agent and the paying agent for the liquidating distributions.

Georgeson LLC, an affiliate of Computershare, was retained to assist in locating shareholders who had not responded to previous communications to ensure they received their distributions.

• Shareholders with physical stock certificates were required to convert them to book-entry accounts with Computershare to receive payment.
• Shareholders holding shares through a broker received distributions through their brokerage accounts.
• Georgeson LLC contact for locating shareholders: Tel: (866) 219-9661; Website: Georgesonclaims.com.

Finance: draft 13-week cash view by Friday.

First Financial Northwest, Inc. (FFNW) - Canvas Business Model: Revenue Streams

You're looking at the final chapter for First Financial Northwest, Inc. (FFNW) as a going concern, so the revenue streams for late 2025 aren't about banking operations anymore; they are purely about asset realization and distribution. The core financial event driving all revenue recognition for the holding company was the sale of the bank.

The primary, one-time inflow that funded all subsequent shareholder returns came from the asset sale itself. This was the source of capital that the holding company used to pay down obligations and return the remainder to you, the shareholder.

• Cash proceeds from the sale of the Bank: $\$228.7$ million one-time inflow received on April 11, 2025, from Global Federal Credit Union.

The focus shifts entirely to the execution of the Plan of Dissolution. Any interest earned on the cash held between receiving the sale proceeds and making the final distributions is minimal residual income, a small tail on the main event.

The actual cash returned to shareholders, which represents the final realization of value from the business's assets, is detailed below. This is the aggregate of the initial and final liquidating distributions.

Distribution Event	Per Share Amount	Approximate Total Payout	Payment Date
Initial Liquidating Distribution	$\$22.00	Approximately $\$203$ million	April 30, 2025
Final Cash Liquidation Distribution	$\$1.30	Included in total	December 12, 2025
Total Cash Returned to Shareholders	$\$23.30	Approximately $\$215$ million	Completed by December 2025

The interest income stream is best described by the prompt's context, as we don't have a specific, reportable dollar amount for the residual interest earned on the cash held prior to the final payout. It was minimal compared to the principal return.

• Interest income: Minimal residual income on cash held pre-distribution.

The final cash liquidation distribution represents the completion of the company's purpose post-acquisition. This final amount is the definitive return on your investment capital.

The entire revenue structure for First Financial Northwest, Inc. in late 2025 is defined by these liquidation events, not by the historical interest income from its loan portfolio, which ceased generating revenue upon the asset sale on April 11, 2025.

Finance: confirm the final tax reporting schedule for the December 12, 2025 distribution by next Tuesday.