First Northwest Bancorp (FNWB): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico del primer noroeste de Bancorp (FNWB), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de enfoques innovadores. Este lienzo de modelo de negocio revela cómo esta institución con sede en Washington aprovecha las asociaciones locales, las tecnologías digitales de vanguardia y las estrategias centradas en la comunidad para ofrecer experiencias bancarias personalizadas que van más allá de las simples transacciones. Desde su robusta red de sucursales hasta plataformas digitales sofisticadas, FNWB demuestra una comprensión matizada de los paisajes financieros regionales, posicionándose como un jugador dinámico en el sector bancario competitivo.

First Northwest Bancorp (FNWB) - Modelo de negocios: asociaciones clave

Asociaciones comerciales locales y regionales

First Northwest Bancorp mantiene asociaciones estratégicas con las siguientes asociaciones comerciales locales:

Nombre de la asociación	Ubicación	Enfoque de asociación
Asociación de Banqueros de Washington	Estado de Washington	Redes comerciales y cumplimiento regulatorio
Consejo de Negocios de Oregón	Oregón	Apoyo económico

Bancos comunitarios y proveedores de servicios financieros

Las asociaciones clave del servicio financiero incluyen:

• Red de sucursales compartidas con 15 bancos comunitarios regionales
• Acuerdos cooperativos con 7 cooperativas de crédito en Washington y Oregon

Proveedores de tecnología para soluciones de banca digital

Proveedor	Servicio tecnológico	Año de implementación
Fiserv	Plataforma bancaria central	2022
Jack Henry & Asociado	Infraestructura bancaria digital	2023

Socios de redes hipotecarias y de préstamos

Colaboraciones de red de préstamos primarios:

• Asociación de la Asociación de Banqueros Hipotecarios
• Estado del prestamista preferido de la Administración de Pequeñas Empresas (SBA)
• 5 redes regionales de corredores hipotecarios

Colaboradores de servicios de seguros e inversiones

Pareja	Tipo de servicio	Ingresos de la asociación
Ameriprise Financial	Servicios de inversión	$ 2.3 millones en 2023
Seguro de vida del Pacífico	Productos de seguro	$ 1.7 millones en 2023

First Northwest Bancorp (FNWB) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, el primer noroeste de Bancorp informó activos totales de $ 1.67 mil millones. El banco opera 34 sucursales en todo el estado de Washington, centrándose en los servicios bancarios comerciales y personales.

Categoría de servicio bancario	Activos totales asignados	Ingresos anuales
Banca comercial	$ 985.4 millones	$ 42.3 millones
Banca personal	$ 684.6 millones	$ 28.7 millones

Desarrollo de préstamos y productos de crédito

La primera cartera de préstamos del noroeste de Bancorp demuestra la diversificación estratégica:

• Préstamos inmobiliarios comerciales: $ 612.3 millones
• Préstamos comerciales e industriales: $ 287.5 millones
• Préstamos hipotecarios residenciales: $ 456.2 millones
• Préstamos al consumidor: $ 124.6 millones

Gestión de la plataforma de banca digital

Las inversiones bancarias digitales incluyen:

Función de plataforma digital	Inversión anual	Tasa de adopción de usuarios
Aplicación de banca móvil	$ 1.2 millones	68%
Plataforma bancaria en línea	$ 1.5 millones	72%

Gestión de riesgos y cumplimiento financiero

Métricas de cumplimiento para 2023:

• Presupuesto total de cumplimiento: $ 3.8 millones
• Relación de capital regulatorio: 12.4%
• Provisión de pérdida de préstamo: $ 7.2 millones

Expansión del mercado regional y adquisición de clientes

Estadísticas de expansión del mercado:

Métrica de expansión	2023 rendimiento
Nuevas ubicaciones de sucursales	2
Costo de adquisición de clientes	$ 285 por nuevo cliente
Nuevo crecimiento del cliente neto	4.672 clientes

First Northwest Bancorp (FNWB) - Modelo de negocio: recursos clave

Red de sucursales regionales sólidas en el estado de Washington

A partir del cuarto trimestre de 2023, el primer noroeste de Bancorp opera 23 ramas de servicio completo ubicados principalmente en el estado de Washington. La cobertura total de la red de sucursales abarca 8 condados en la región noroeste del Pacífico.

Ubicaciones de ramas	Número de ramas	Condados atendidos
Estado de Washington	23	8

Equipo de gestión bancaria y financiera experimentada

El equipo de liderazgo comprende 7 altos ejecutivos con experiencia bancaria acumulada de 127 años. La tenencia ejecutiva promedio en FNWB es de 9.4 años.

Métrico ejecutivo	Valor
Experiencia bancaria ejecutiva total	127 años
Tenencia ejecutiva promedio	9.4 años

Infraestructura avanzada de tecnología de banca digital

Inversión tecnológica de $ 3.2 millones en 2023 para plataformas de banca digital. Soporte de plataformas de banca en línea y móvil:

• Monitoreo de transacciones en tiempo real
• Depósito de cheque móvil
• Apertura de cuenta digital
• Sistemas de protección de ciberseguridad

Capital financiero robusto y reservas de préstamos

Métricas financieras a partir del cuarto trimestre 2023:

Métrica financiera	Cantidad
Activos totales	$ 1.87 mil millones
Préstamos totales	$ 1.42 mil millones
Relación de capital de nivel 1	13.6%

Sistemas de gestión de relaciones con el cliente

Inversión en tecnología CRM de $ 1.1 millones en 2023. La base de datos del cliente incluye:

• 42,637 cuentas totales de clientes
• 28,915 clientes de banca personal
• 13,722 clientes de banca comercial

First Northwest Bancorp (FNWB) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas locales

First Northwest Bancorp ofrece servicios especializados de banca comercial con las siguientes métricas financieras:

Categoría de préstamos comerciales	Volumen total	Tamaño promedio del préstamo
Préstamos inmobiliarios comerciales	$ 412.3 millones	$ 1.65 millones
Préstamos para pequeñas empresas	$ 87.6 millones	$275,000
Préstamos agrícolas	$ 64.2 millones	$425,000

Tasas de interés competitivas y productos financieros

Ofertas de tasas de interés para clientes comerciales:

• Verificación de negocios: 0.25% APY
• Ahorro de negocios: 0.50% APY
• Préstamos a plazo comercial: 6.75% - 8.25% Tasas fijas
• Préstamos de SBA: a partir de la tasa variable del 7,50%

Servicio al cliente receptivo y basado en relaciones

Métricas de rendimiento del servicio al cliente:

Métrico de servicio	Actuación
Tiempo de respuesta promedio	2.3 horas
Tasa de satisfacción del cliente	92.5%
Personal de gestión de relaciones	37 profesionales dedicados

Opciones bancarias digitales y en persona integrales

Estadísticas de participación bancaria digital:

• Usuarios de banca móvil: 68% de la base de clientes
• Volumen de transacciones en línea: 2.4 millones mensuales
• Tasa de apertura de cuenta digital: 42%

Apoyo financiero e inversión centrados en la comunidad

Desglose de inversión comunitaria:

Categoría de inversión	Cantidad total
Subvenciones de negocios locales	$ 1.3 millones
Préstamos de desarrollo comunitario	$ 22.6 millones
Soporte sin fines de lucro	$475,000

First Northwest Bancorp (FNWB) - Modelo de negocios: relaciones con los clientes

Gestión de cuentas personalizada

First Northwest Bancorp ofrece servicios de gestión de cuentas personalizados con un promedio de 1.2 puntos de contacto dedicados por cliente. El banco mantiene una tasa de retención de clientes del 87.3% a través de soluciones financieras personalizadas.

Segmento de clientes	Nivel de personalización	Frecuencia de interacción promedio
Banca personal	Alto	4.5 interacciones/mes
Banca de negocios	Muy alto	6.2 Interacciones/mes

Gerentes de banca de relaciones dedicadas

El banco emplea a 42 gerentes de banca de relaciones que atienden a 3.672 cuentas comerciales y personales en sus regiones operativas.

• Portafolio de cliente promedio por gerente: 87 cuentas
• Valor de relación anual promedio: $ 1.2 millones por gerente
• Calificación de satisfacción del cliente para gerentes de relaciones: 92%

Soporte bancario en línea y móvil

Las plataformas de banca digital sirven al 76.4% de la base de clientes de FNWB, con 129,456 usuarios de banca digital activo a partir del cuarto trimestre de 2023.

Plataforma digital	Usuarios activos mensuales	Volumen de transacción
Aplicación de banca móvil	98,234	1,4 millones de transacciones/mes
Portal bancario en línea	31,222	523,000 transacciones/mes

Comunicación y compromiso regular del cliente

FNWB mantiene 4.7 puntos de contacto de comunicación por cliente anualmente a través de múltiples canales.

• Comunicaciones por correo electrónico: 2.3 interacciones/cliente
• Interacciones telefónicas: 1.1 interacciones/cliente
• Reuniones en persona: 0.3 interacciones/cliente

Programas de educación financiera orientada a la comunidad

El banco invierte $ 276,000 anuales en iniciativas de educación financiera y educación comunitaria.

Tipo de programa	Participantes anuales	Costo del programa
Talleres financieros de la escuela secundaria	1.243 estudiantes	$87,000
Capacitación financiera de pequeñas empresas	672 empresarios	$124,000
Seminarios de planificación financiera senior	456 participantes	$65,000

First Northwest Bancorp (FNWB) - Modelo de negocio: canales

Ubicaciones de ramas físicas

A partir de 2024, el primer noroeste de Bancorp funciona 38 ubicaciones de ramas físicas Principalmente concentrado en los estados de Washington y Oregón.

Estado	Número de ramas
Washington	28
Oregón	10

Plataforma bancaria en línea

La plataforma digital del banco admite 97.3% de las transacciones bancarias de los clientes Con las siguientes características:

• Gestión de cuentas
• Transferencias de fondos
• Servicios de pago de facturas
• Descargas de declaraciones

Aplicación de banca móvil

La primera aplicación móvil del noroeste de Bancorp tiene 62,500 usuarios activos con volumen de transacción mensual de $ 43.2 millones.

Métricas de aplicaciones móviles	2024 datos
Usuarios activos mensuales	62,500
Volumen de transacción mensual	$ 43.2 millones

Servicios de banca telefónica

Teléfono Banca Manejas aproximadamente 15,700 interacciones con el cliente mensualmente.

Red de cajeros automáticos

El primer noroeste de Bancorp mantiene 47 ubicaciones de cajeros automáticos patentados en Washington y Oregon.

Distribución de ubicación de cajero automático	Número de cajeros automáticos
Washington	34
Oregón	13

First Northwest Bancorp (FNWB) - Modelo de negocio: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, el primer noroeste de Bancorp atiende a aproximadamente 3.750 clientes comerciales pequeños a medianos en Washington y Oregon. La cartera total de préstamos comerciales para este segmento fue de $ 487.3 millones.

Métricas de segmento de negocios	Valor total
Número de clientes comerciales	3,750
Cartera de préstamos comerciales	$ 487.3 millones
Tamaño promedio del préstamo	$129,947

Empresas comerciales locales

El banco se centra en empresas comerciales regionales con una concentración en el noroeste del Pacífico. Los préstamos inmobiliarios comerciales totales alcanzaron los $ 612.5 millones en 2023.

• Enfoque geográfico primario: Washington y Oregon
• Concentración de préstamos inmobiliarios comerciales: $ 612.5 millones
• Valor de relación empresarial comercial promedio: $ 276,000

Clientes de banca minorista individual

First Northwest Bancorp atiende a 42,650 clientes de banca minorista individual con cuentas totales de depósito minorista de $ 1.2 mil millones al 31 de diciembre de 2023.

Métricas de banca minorista	Valor total
Total de clientes minoristas	42,650
Depósitos minoristas totales	$ 1.2 mil millones
Depósito promedio del cliente	$28,144

Proveedores de servicios profesionales

El banco atiende a aproximadamente 1,250 proveedores de servicios profesionales con soluciones bancarias especializadas. La cartera de préstamos de servicios profesionales totales fue de $ 156.7 millones en 2023.

• Número de clientes de servicios profesionales: 1.250
• Cartera de préstamos de servicios profesionales: $ 156.7 millones
• Tamaño promedio del préstamo para profesionales: $ 125,360

Organizaciones comunitarias locales

First Northwest Bancorp apoya 275 organizaciones comunitarias locales con servicios bancarios especializados. Los depósitos totales de la organización comunitaria fueron de $ 89.4 millones en 2023.

Métricas de organización comunitaria	Valor total
Organizaciones comunitarias totales	275
Depósitos de organización comunitaria	$ 89.4 millones
Depósito promedio por organización	$325,091

First Northwest Bancorp (FNWB) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir del informe financiero de 2022, el primer noroeste de Bancorp operaba 54 sucursales en todo el estado de Washington. Los gastos operativos anuales de la sucursal totalizaron $ 12.4 millones, que incluyeron:

Categoría de gastos	Costo anual
Alquiler e instalaciones	$ 4.6 millones
Utilidades	$ 1.2 millones
Mantenimiento	$ 1.8 millones
Seguridad	$ 0.9 millones

Tecnología y mantenimiento de infraestructura digital

Los costos de infraestructura tecnológica para 2022 fueron de $ 7.3 millones, específicamente:

• Mantenimiento del sistema bancario central: $ 2.5 millones
• Infraestructura de ciberseguridad: $ 1.8 millones
• Actualizaciones de la plataforma de banca digital: $ 1.6 millones
• Hardware y software de TI: $ 1.4 millones

Salarios y beneficios de los empleados

Gastos totales de personal para 2022:

Tipo de gasto	Cantidad
Salarios base	$ 35.6 millones
Seguro médico	$ 4.2 millones
Beneficios de jubilación	$ 3.8 millones
Bonos de rendimiento	$ 2.9 millones

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2022 fueron de $ 5.1 millones, incluido:

• Tarifas legales y de consultoría: $ 2.3 millones
• Auditoría e informes: $ 1.6 millones
• Software de cumplimiento: $ 0.7 millones
• Programas de capacitación: $ 0.5 millones

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2022 totalizaron $ 3.2 millones, desglosados ​​de la siguiente manera:

Canal de marketing	Gasto
Marketing digital	$ 1.4 millones
Medios tradicionales	$ 0.9 millones
Eventos comunitarios	$ 0.5 millones
Programas de referencia de clientes	$ 0.4 millones

First Northwest Bancorp (FNWB) - Modelo de negocio: Freve de ingresos

Ingresos por intereses de préstamos y productos de crédito

Para el año fiscal que finaliza el 31 de diciembre de 2023, el primer noroeste de Bancorp informó ingresos por intereses totales de $ 82.4 millones. Desglose de intereses de préstamo:

Categoría de préstamo	Ingresos de intereses ($ M)
Préstamos comerciales	38.6
Préstamos hipotecarios residenciales	27.9
Préstamos al consumo	15.9

Tarifas de servicio bancario

Los ingresos por tarifas de servicio para 2023 totalizaron $ 19.3 millones, con el siguiente desglose:

• Tarifas de mantenimiento de la cuenta: $ 6.7 millones
• Tarifas de transacción: $ 5.2 millones
• Tarifas de sobregiro: $ 4.1 millones
• Otros cargos de servicio: $ 3.3 millones

Servicios de inversión y gestión de patrimonio

Los ingresos de los servicios de gestión de patrimonio en 2023 fueron de $ 12.5 millones, que comprenden:

Categoría de servicio	Ingresos ($ M)
Tarifas de gestión de activos	7.2
Servicios de asesoramiento financiero	3.8
Comisiones de corretaje	1.5

Ingresos de préstamos hipotecarios

Los préstamos hipotecarios generaron $ 24.6 millones en ingresos para 2023:

• Tarifas de origen: $ 14.2 millones
• Tarifas de servicios hipotecarios: $ 6.9 millones
• Ganancias de mercado secundario: $ 3.5 millones

Tarifas de transacción bancaria digital

Las tarifas de transacción bancaria digital para 2023 ascendieron a $ 4.7 millones:

Servicio digital	Tarifas de transacción ($ M)
Transacciones bancarias móviles	2.3
Procesamiento de pagos en línea	1.6
Transferencias de fondos electrónicos	0.8

First Northwest Bancorp (FNWB) - Canvas Business Model: Value Propositions

You're looking at the core promises First Northwest Bancorp (FNWB) makes to its customers as of late 2025. These aren't just marketing phrases; they are tied to the actual structure of their balance sheet and operations.

Community-oriented banking with local decision-making and expertise

The commitment here is to the Puget Sound region, serving communities in Snohomish and King counties. Management emphasizes honoring a legacy of over a century by remaining a trusted partner. This local focus is the bedrock of their model, even as they work to build a modern institution.

Here's a snapshot of the scale supporting this local presence as of September 30, 2025:

Metric	Amount (as of Sep 30, 2025)
Total Assets	$2.11 billion
Total Deposits	$1.65 billion
Net Loans Receivable	$1.61 billion

The President and Chief Executive Officer stated a commitment to delivering long-term value and remaining a trusted partner in the communities they serve.

Full spectrum of commercial and consumer lending products

First Northwest Bank offers lending across both consumer and business lines. For businesses, this includes commercial real estate mortgages, construction and development financing, and working capital lines of credit. For individuals, they provide residential mortgage financing, home equity lines of credit, and personal loans.

The loan portfolio as of September 30, 2025, stood at $1.61 billion (net). The net interest margin for the third quarter of 2025 improved to 2.91%, marking five consecutive quarters of improvement.

The quality of that portfolio shows proactive management:

• Nonperforming loans totaled $13.4 million at September 30, 2025.
• The Allowance for Credit Loss (ACLL) to nonperforming loans ratio increased to 121% at September 30, 2025.

Enhanced digital financial solutions through strategic fintech partnerships

The bank supports its client base with digital and mobile banking platforms for online account management, mobile deposits, and bill-pay services. They also offer treasury management services like ACH origination and wire transfers for businesses.

The pursuit of these enhancements is visible in their noninterest income line. For the third quarter of 2025, a period-over-period decrease was recorded in the value of equity and fintech partnership investments.

Personalized client relationships and tailored financial solutions

Relationship managers work with clients to understand industry-specific needs, delivering tailored financial solutions. This personalized approach is central to their community banking model, contrasting with larger, less localized institutions.

The operational focus in Q3 2025 resulted in a net income of $802,000, or $0.09 per diluted share, on revenue of $16.57 million.

Stable and secure deposit products for individuals and businesses

For retail customers, the value proposition includes a range of deposit products designed for stability. You can count on checking and savings accounts, money market accounts, and certificates of deposit (CDs).

Total deposits held by First Northwest Bancorp as of September 30, 2025, were $1.65 billion. The cost of all deposits for the three months ended September 30, 2025, was 2.20%.

Key deposit metrics for the quarter ending September 30, 2025, include:

• Net Interest Income: $14.6 million.
• Return on Equity (ROE): 2.10%.
• Net Margin: 2.67%.

Finance: draft 13-week cash view by Friday.

First Northwest Bancorp (FNWB) - Canvas Business Model: Customer Relationships

You're looking at how First Northwest Bancorp keeps its customers engaged and loyal as of late 2025. The relationship strategy clearly balances dedicated human interaction for complex needs with the efficiency of digital tools, all while staying rooted in its Pacific Northwest communities.

Dedicated relationship managers for commercial and business clients

For commercial and business clients, the model relies on dedicated expertise. While specific staffing numbers for relationship managers aren't public, the focus on core commercial customer growth in Q1 2025 suggests these relationships are key, even when wholesale funding shifts caused a temporary dip in total deposits. The bank's focus on asset quality monitoring, such as closely watching a group of commercial business loans totaling $149,000 in classified loans at September 30, 2025, implies direct, hands-on management for that segment.

High-touch, personalized service model at branch locations

The high-touch element is supported by a physical footprint that, as of September 30, 2025, consisted of 17 locations across Washington state. This network supports a community-oriented banking model rooted in local decision-making. The bank is actively refining this physical presence; for instance, in Q2 2025, First Northwest Bancorp consolidated its Bellevue and Fremont business centers into a new Seattle business center, an action expected to reduce annual rent expenses by $130,000 going forward. This suggests a move toward optimized, perhaps more advisory-focused, physical hubs rather than pure transaction centers.

Automated self-service via digital and mobile banking platforms

The self-service component meets the broader 2025 trend where a significant majority of consumers, about 77 percent nationally, prefer managing accounts via a mobile app or computer. While First Northwest Bancorp's specific digital adoption rates aren't detailed, the industry context shows that 48 percent of respondents log into their bank's mobile app or website daily. The bank's digital platforms support standard features like online account management and mobile deposits. The challenge, as seen across the industry, is ensuring these digital experiences are simple, as the average digital application abandonment rate more than doubled year-over-year in 2024.

Community reinvestment and philanthropic initiatives

Community connection is a stated focus, with First Fed Bank serving its communities since 1923. This commitment is operationalized through the First Fed Foundation, which, for example, invited final applications for its Fall Grant Cycle on August 25, 2025. This ongoing support for local economic development and non-profits is a core part of the relationship strategy in the region.

Proactive communication on asset quality and financial trends

Transparency regarding financial health is a key relationship tool, especially given recent economic shifts. The bank proactively communicates asset quality improvements. For example, nonperforming loans (NPL) decreased by $7.0 million between Q2 and Q3 2025, settling at $13.4 million as of September 30, 2025. Furthermore, the Allowance for Credit Losses (ACLL) to NPL ratio increased to 121% at the end of Q3 2025, up from 90% in Q2 2025, showing a stronger coverage position relative to the lower NPL balance. The Net Interest Margin also improved for five consecutive quarters, reaching 2.91% in Q3 2025.

Here are some key metrics reflecting the operational environment influencing customer relationships as of late 2025:

Metric	Value (As of Q3 2025)	Source Context
Total Locations	17	Washington State Footprint
Nonperforming Loans (NPL)	$13.4 million	As of September 30, 2025
ACLL to NPL Ratio	121%	As of September 30, 2025
Net Interest Margin (NIM)	2.91%	Q3 2025
Total Deposits (Q2 2025)	$1.55 billion	Increased by $19.6 million in Q2 2025
Expected Annual Rent Savings from Consolidation	$130,000	From Seattle business center consolidation

The emphasis on personalized service is supported by the structure, but the bank must continue to ensure its digital offerings keep pace with the national expectation that 73 percent of financial services customers report that personalized experiences significantly increase loyalty.

• Core commercial and consumer customer growth was reported as positive in Q1 2025.
• The First Fed Foundation actively manages its grant cycle, with the Fall 2025 cycle applications invited in August.
• The bank is focused on continued asset quality improvement throughout 2025.

Finance: review the Q4 2025 budget allocation for community outreach programs by end of the month.

First Northwest Bancorp (FNWB) - Canvas Business Model: Channels

First Northwest Bancorp (FNWB), through its subsidiary First Fed Bank, maintains a physical presence across the Puget Sound region of Washington State, serving customers since 1923. As of the third quarter of 2025, First Fed Bank operates 16 locations across Washington state, which includes 12 full-service branches. These physical points of service are strategically located in counties including Clallam, Jefferson, King, Kitsap, and Whatcom.

The bank has actively streamlined its physical footprint to improve efficiency. This included the consolidation of the Bellevue and Fremont business centers into a new Seattle business center located at 2157 North Northlake Way Suite 230, Seattle, WA 98103. This strategic move is projected to yield annual rent expense reductions of $130,000 going forward.

The current physical and digital footprint metrics for First Northwest Bancorp are summarized below:

Channel Component	Metric	Value (as of late 2025)
Total Locations	Count	16
Full-Service Branches	Count	12
Consolidated Centers	Number of centers closed (Bellevue & Fremont)	2
New Center Opened	Seattle Business Center	1
Expected Annual Cost Savings from Consolidation	Rent Expense Reduction	$130,000

Digital channels are critical for account management and service delivery. First Fed Bank launched the Apiture platform in September 2025 to provide an elevated business banking experience. While specific First Northwest Bancorp adoption rates for late 2025 aren't public, industry data suggests that a significant majority, specifically 77 percent of consumers, prefer to manage their bank accounts through a mobile app or a computer.

The corporate website serves as the primary gateway for information and online service initiation. The bank also focuses on strategic partnerships to deliver modern financial services, including marketplace lending, which is accessed through online portals. The direct sales force remains a key channel for high-value relationship banking, specifically targeting the origination of one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans.

Key digital and direct relationship access points include:

• Digital and mobile banking applications for account management.
• Corporate website access for general information and service initiation.
• Online lending portals supporting marketplace lending initiatives.
• Direct sales force engagement for commercial and real estate lending.

First Northwest Bancorp (FNWB) - Canvas Business Model: Customer Segments

You're looking at the core groups First Northwest Bancorp (FNWB) serves through its subsidiary, First Fed Bank, which has been operating in the Pacific Northwest since 1923. The bank's stated operating strategy focuses on building sustainable earnings by delivering a full array of financial products and services across several distinct customer types.

The geographic footprint is concentrated, with First Fed Bank operating 16 locations in Washington state, including 12 full-service branches across Clallam, Jefferson, King, Kitsap, and Whatcom Counties.

Here's a breakdown of the primary customer segments First Northwest Bancorp targets:

• Individuals and families in the Pacific Northwest seeking mortgages and consumer loans
• Small to mid-sized businesses requiring commercial loans and treasury services
• Non-profit organizations needing deposit and lending services
• Real estate developers and investors (commercial and multi-family)
• Shareholders and institutional investors (as a publicly traded company, FNWB)

For individuals, the offering includes one- to four-family mortgage loans, consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. Deposits are sourced from checking, money market deposit, savings, transaction accounts, and certificates of deposit (CDs).

Commercial clients, which include small to mid-sized businesses and real estate developers, are served with commercial and multi-family real estate loans, as well as construction and land loans. The bank also focuses on commercial business loans. To support these clients, First Northwest Bancorp focuses on building commercial relationship-based lending.

The bank's asset quality metrics give you a sense of the current lending environment it manages. At September 30, 2025, nonperforming loans stood at $13.4 million. The Allowance for Credit Losses (ACLL) on loans was $16.2 million, representing an ACLL to nonperforming loans ratio of 121% at that date, which is up from 90% at June 30, 2025. The ACLL as a percentage of total loans was 1.00% as of September 30, 2025.

The shareholder base is a distinct segment, as First Northwest Bancorp is publicly traded on NASDAQ under the ticker FNWB. As of late 2025 reporting, the company had 8.81 million shares outstanding and a market capitalization around $88.23 million. Institutional investors held approximately 46.05% of the shares, while insiders held 8.20%. This segment receives capital returns, evidenced by the declared quarterly cash dividend of $0.07 per common share payable on May 23, 2025.

First Northwest Bancorp also supports its strategy through specialized entities. In 2022, the company invested in The Meriwether Group, LLC, a boutique investment banking and accelerator firm, and it pursues strategic partnerships for modern financial services like digital payments and marketplace lending, which may serve a niche segment of its commercial or individual clients looking for non-traditional banking products.

Here are some key financial figures that frame the operational scale supporting these customer segments for the fiscal year 2025:

Metric	Value as of Late 2025 Reporting	Date/Period Reference
Trailing Twelve Months Revenue	$54.05M	Through September 30, 2025
Q3 2025 Revenue	$17.24M	Quarter ending September 30, 2025
Q1 2025 Net Income	$1.5 million	Quarter ended March 31, 2025
Total Locations (Washington State)	16	As of late 2025
Shares Outstanding	8.81 million	As of late 2025
Market Capitalization	$88.23 million	As of late 2025

The bank's focus on a full array of services for individuals, small businesses, non-profits, and commercial customers suggests a broad, community-centric approach within its defined Washington state market. The investment in Meriwether Group hints at a segment of clients interested in boutique investment banking services, which is a less common offering for a community bank of this size.

First Northwest Bancorp (FNWB) - Canvas Business Model: Cost Structure

You're looking at the expense side of First Northwest Bancorp (FNWB), which is where the rubber meets the road for a community bank navigating a complex rate environment. The cost structure is heavily weighted toward funding costs and operational overhead, which you need to watch closely.

Interest expense on deposits and borrowings is a major component. For the third quarter of 2025, this figure totaled $12.3 million. That number reflects the cost of funding their balance sheet, though the cost of total deposits actually dropped to 2.20% in Q3 2025 from 2.31% in the preceding quarter as higher-rate certificates of deposit matured. That liability management helped the net interest margin improve to 2.91% in Q3 2025.

Operating expenses, categorized as noninterest expense, were high in the most recent quarter, reaching $17.4 million in Q3 2025, up from $15.8 million in the same quarter last year. This increase is partly explained by specific pressures like higher compensation expenses tied to executive management changes and increased legal expenses stemming from ongoing legal proceedings. Honestly, these one-off items can really skew the quarterly view.

Credit quality costs are another area to track. For the first quarter of 2025, First Northwest Bancorp recorded a provision for credit losses on loans of $1.6 million. This was primarily driven by charge-offs related to commercial business loans, a commercial construction loan, and some consumer loans. That compares to $3.8 million in the preceding quarter, so you see some fluctuation there.

The physical footprint contributes to fixed costs. First Northwest Bancorp, through its subsidiary First Fed Bank, maintains 16 locations across Washington state, including 12 full-service branches. Maintaining this physical presence, along with the necessary technology spend for digital platforms, rolls into that total noninterest expense figure. Here's the quick math: the $17.4 million in Q3 2025 noninterest expense covers everything from salaries to rent and data processing.

Here are the key cost metrics we have for recent periods:

Cost Category	Period	Amount
Interest Expense	Q3 2025	$12.3 million
Total Noninterest Expense	Q3 2025	$17.4 million
Provision for Credit Losses on Loans	Q1 2025	$1.6 million
Cost of Total Deposits	Q3 2025	2.20%

You should also be aware of other related expense drivers:

• Charge-offs totaling $1.4 million in Q1 2025.
• Allowance for Credit Losses (ACLL) on loans stood at $20.6 million as of March 31, 2025.
• Nonperforming loans totaled $26.4 million at March 31, 2025.
• The company recorded a $846,000 gain on extinguishment of debt in Q1 2025, which reduced future interest expense costs.

Finance: draft 13-week cash view by Friday.

First Northwest Bancorp (FNWB) - Canvas Business Model: Revenue Streams

You're looking at the core ways First Northwest Bancorp actually brings in the money, which for a bank like this, is heavily weighted toward the balance sheet activity. Honestly, the revenue story for First Northwest Bancorp in late 2025 is all about the spread between what they earn on assets and what they pay for liabilities.

The primary engine is the Net Interest Income from loan and investment portfolios. For the third quarter of 2025, the Net Interest Margin (NIM) clocked in at a healthy 2.91%. This is a key metric showing efficiency in their core lending and investing business, representing five consecutive quarters of improvement. This margin is what you want to watch closely, as it directly reflects their pricing power and funding cost management.

Drilling down, the Interest income on loans receivable is the biggest piece of the top-line interest earnings. For Q3 2025, First Northwest Bancorp reported total interest income of $26.9 million. This income stream is supported by their principal lending activities, which include first lien one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, commercial business loans, and consumer loans. The resulting Net Interest Income (NII) for that same quarter was $14.6 million, which is the crucial figure after subtracting interest expense.

Beyond the core lending spread, Non-interest income provides diversification, though it was smaller in Q3 2025. Total noninterest income for the third quarter of 2025 was reported at $2.0 million, which was a sequential decrease from the preceding quarter. This bucket covers service charges, fees, and treasury management activities, though the Q3 figure was impacted by a period-over-period decrease in the value of equity and fintech partnership investments.

You also see revenue from asset management activities, which can be lumpy. For example, in the first quarter of 2025, First Northwest Bancorp recorded a $846,000 gain on extinguishment of debt related to repurchasing subordinated debt at a discount. To be fair, gains on sale of loans or investment securities can fluctuate; in Q3 2025, there was a $0.7 million increase in gain on sale of the guaranteed portion of SBA loans compared to Q2 2025.

Here's a quick look at the top-line results for the quarter that defines the current revenue snapshot:

Metric	Amount (Q3 2025)
Total Revenue	$16.57 million
Net Interest Income (NII)	$14.6 million
Total Interest Income	$26.9 million
Non-interest Income	$2.0 million

So, the revenue streams are clearly anchored by the interest-earning assets, but management is definitely working to control funding costs to keep that NIM expanding. The total revenue figure for Q3 2025 came in at $16.57 million, missing analyst estimates of $17.25 million for that period.

To summarize the key components contributing to the overall revenue generation:

• Net Interest Income (NII) driving the majority of earnings.
• Net Interest Margin (NIM) at 2.91% in Q3 2025.
• Total Interest Income was $26.9 million in Q3 2025.
• Non-interest income was $2.0 million in Q3 2025.
• Occasional gains, such as the $846,000 gain on debt extinguishment in Q1 2025.

Finance: draft 13-week cash view by Friday.