First Northwest Bancorp (FNWB): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le plan stratégique de First Northwest Bancorp (FNWB), une puissance bancaire régionale qui transforme les services financiers traditionnels à travers des approches innovantes. Cette toile de modèle commercial révèle comment cette institution basée à Washington tire parti des partenariats locaux, des technologies numériques de pointe et des stratégies axées sur la communauté pour offrir des expériences bancaires personnalisées qui vont au-delà de simples transactions. De son réseau robuste de succursales aux plateformes numériques sophistiquées, FNWB démontre une compréhension nuancée des paysages financiers régionaux, se positionnant comme un acteur dynamique dans le secteur bancaire compétitif.

First Northwest Bancorp (FNWB) - Modèle d'entreprise: partenariats clés

Associations commerciales locales et régionales

First Northwest Bancorp entretient des partenariats stratégiques avec les associations commerciales locales suivantes:

Nom d'association	Emplacement	Focus de partenariat
Association des banquiers de Washington	État de Washington	Réseautage d'entreprises et conformité réglementaire
Conseil des affaires de l'Oregon	Oregon	Soutien au développement économique

Banques communautaires et fournisseurs de services financiers

Les principaux partenariats de services financiers comprennent:

• Réseau de succursale partagé avec 15 banques communautaires régionales
• Accords coopératifs avec 7 coopératives de crédit à Washington et en Oregon

Vendeurs technologiques pour les solutions bancaires numériques

Fournisseur	Service technologique	Année de mise en œuvre
Finerv	Plateforme bancaire de base	2022
Jack Henry & Associés	Infrastructure bancaire numérique	2023

Partenaires de réseau hypothécaire et de prêt

Collaborations du réseau de prêts primaires:

• Partenariat de l'association des banquiers hypothécaires
• Small Business Administration (SBA) Statut de prêteur préféré
• 5 Réseaux de courtiers hypothécaires régionaux

Collaborateurs de services d'assurance et d'investissement

Partenaire	Type de service	Revenus de partenariat
Ameririse Financial	Services d'investissement	2,3 millions de dollars en 2023
Assurance-vie du Pacifique	Produits d'assurance	1,7 million de dollars en 2023

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, First Northwest Bancorp a déclaré un actif total de 1,67 milliard de dollars. La banque exploite 34 succursales dans l'État de Washington, en se concentrant sur les services bancaires commerciaux et personnels.

Catégorie de service bancaire	Total des actifs alloués	Revenus annuels
Banque commerciale	985,4 millions de dollars	42,3 millions de dollars
Banque personnelle	684,6 millions de dollars	28,7 millions de dollars

Prêt et développement de produits de crédit

Le portefeuille de prêt du premier Northwest Bancorp démontre la diversification stratégique:

• Prêts immobiliers commerciaux: 612,3 millions de dollars
• Prêts commerciaux et industriels: 287,5 millions de dollars
• Prêts hypothécaires résidentiels: 456,2 millions de dollars
• Prêts à la consommation: 124,6 millions de dollars

Gestion de la plate-forme bancaire numérique

Les investissements bancaires numériques comprennent:

Fonctionnalité de plate-forme numérique	Investissement annuel	Taux d'adoption des utilisateurs
Application bancaire mobile	1,2 million de dollars	68%
Plateforme bancaire en ligne	1,5 million de dollars	72%

Gestion des risques et conformité financière

Mesures de conformité pour 2023:

• Budget total de conformité: 3,8 millions de dollars
• Ratio de capital réglementaire: 12,4%
• Provision de perte de prêt: 7,2 millions de dollars

Expansion du marché régional et acquisition des clients

Statistiques d'extension du marché:

Métrique d'expansion	Performance de 2023
Nouvelles succursales	2
Coût d'acquisition des clients	285 $ par nouveau client
Croissance nette nouvelle client	4 672 clients

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Ressources clés

Strait réseau régional de succursale dans l'État de Washington

Au quatrième trimestre 2023, First Northwest Bancorp exploite 23 succursales à service complet principalement situées dans l'État de Washington. La couverture totale du réseau de succursales s'étend sur 8 comtés dans la région du Pacifique Nord-Ouest.

Succursales	Nombre de branches	Les comtés servis
État de Washington	23	8

Équipe expérimentée des banques et de la gestion financière

L'équipe de direction comprend 7 cadres supérieurs ayant une expérience bancaire cumulative de 127 ans. Le mandat exécutif moyen au FNWB est de 9,4 ans.

Métrique exécutive	Valeur
Expérience bancaire totale	127 ans
Mandat moyen exécutif	9,4 ans

Infrastructure de technologie bancaire numérique avancée

Investissement technologique de 3,2 millions de dollars en 2023 pour les plateformes bancaires numériques. Support des plates-formes bancaires en ligne et mobiles:

• Surveillance des transactions en temps réel
• Dépôt de chèques mobiles
• Ouverture du compte numérique
• Systèmes de protection de la cybersécurité

Réserves de capitaux financiers robustes et de prêts

Mesures financières auprès du quatrième trimestre 2023:

Métrique financière	Montant
Actif total	1,87 milliard de dollars
Prêts totaux	1,42 milliard de dollars
Ratio de capital de niveau 1	13.6%

Systèmes de gestion de la relation client

CRM Technology Investment de 1,1 million de dollars en 2023. La base de données des clients comprend:

• 42 637 comptes clients totaux
• 28 915 clients bancaires personnels
• 13 722 clients bancaires d'entreprise

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Propositions de valeur

Solutions bancaires personnalisées pour les entreprises locales

First Northwest Bancorp offre des services bancaires commerciaux spécialisés avec les mesures financières suivantes:

Catégorie de prêts commerciaux	Volume total	Taille moyenne du prêt
Prêts immobiliers commerciaux	412,3 millions de dollars	1,65 million de dollars
Prêts aux petites entreprises	87,6 millions de dollars	$275,000
Prêts agricoles	64,2 millions de dollars	$425,000

Taux d'intérêt concurrentiels et produits financiers

Offres de taux d'intérêt pour les clients commerciaux:

• Vérification des entreprises: 0,25% apy
• Économies commerciales: 0,50% apy
• Prêts à terme commercial: 6,75% - 8,25% de taux fixes
• Prêts SBA: à partir de 7,50% de taux variable

Service client réactif et axé sur les relations

Métriques de performance du service client:

Métrique de service	Performance
Temps de réponse moyen	2,3 heures
Taux de satisfaction client	92.5%
Personnel de gestion des relations	37 professionnels dévoués

Options bancaires numériques et en personne complètes

Statistiques de l'engagement des banques numériques:

• Utilisateurs de la banque mobile: 68% de la clientèle
• Volume de transaction en ligne: 2,4 millions par mois
• Taux d'ouverture du compte numérique: 42%

Soutien financier et investissement axé sur la communauté

Répartition des investissements communautaires:

Catégorie d'investissement	Montant total
Subventions commerciales locales	1,3 million de dollars
Prêts de développement communautaire	22,6 millions de dollars
Support à but non lucratif	$475,000

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Relations clients

Gestion de compte personnalisée

First Northwest Bancorp fournit des services de gestion des comptes personnalisés avec une moyenne de 1,2 points de contact dédiés par client. La banque maintient un taux de rétention de la clientèle de 87,3% grâce à des solutions financières sur mesure.

Segment de clientèle	Niveau de personnalisation	Fréquence d'interaction moyenne
Banque personnelle	Haut	4.5 Interactions / mois
Banque d'affaires	Très haut	6.2 Interactions / mois

Les gestionnaires des banques de relations dédiées

La banque emploie 42 responsables de la banque de relations desservant 3 672 comptes commerciaux et personnels dans ses régions opérationnelles.

• Portefeuille client moyen par gestionnaire: 87 comptes
• Valeur de la relation annuelle moyenne: 1,2 million de dollars par manager
• Évaluation de satisfaction du client pour les gestionnaires de relations: 92%

Assistance bancaire en ligne et mobile

Les plates-formes bancaires numériques desservent 76,4% de la clientèle de FNWB, avec 129 456 utilisateurs de banque numérique actifs au T2 2023.

Plate-forme numérique	Utilisateurs actifs mensuels	Volume de transaction
Application bancaire mobile	98,234	1,4 million de transactions / mois
Portail bancaire en ligne	31,222	523 000 transactions / mois

Communication et engagement des clients réguliers

FNWB maintient 4,7 points de contact de communication par client chaque année via plusieurs canaux.

• Communications par e-mail: 2.3 Interactions / Client
• Interactions téléphoniques: 1.1 Interactions / Client
• Réunions en personne: 0,3 interactions / client

Programmes d'éducation financière axés sur la communauté

La banque investit 276 000 $ par an dans les initiatives de littératie financière et d'éducation communautaire.

Type de programme	Participants annuels	Coût du programme
Ateliers financiers du secondaire	1 243 étudiants	$87,000
Formation financière des petites entreprises	672 entrepreneurs	$124,000
Séminaires de planification financière supérieurs	456 participants	$65,000

First Northwest Bancorp (FNWB) - Modèle d'entreprise: canaux

Emplacements de branche physiques

En 2024, First Northwest Bancorp fonctionne 38 Emplacements de succursales physiques principalement concentrés dans les États de Washington et de l'Oregon.

État	Nombre de branches
Washington	28
Oregon	10

Plateforme bancaire en ligne

La plate-forme numérique de la banque prend en charge 97,3% des transactions en banque client avec les fonctionnalités suivantes:

• Gestion des comptes
• Transferts de fonds
• Services de paiement de factures
• Téléchargements de déclaration

Application bancaire mobile

La première application mobile de Northwest Bancorp a 62 500 utilisateurs actifs avec volume de transaction mensuel de 43,2 millions de dollars.

Métriques d'application mobile	2024 données
Utilisateurs actifs mensuels	62,500
Volume de transaction mensuel	43,2 millions de dollars

Services bancaires téléphoniques

Les services bancaires du téléphone gèrent approximativement 15 700 interactions clients mensuellement.

Réseau ATM

First Northwest Bancorp maintient 47 Emplacements ATM propriétaires à travers Washington et l'Oregon.

Distribution de l'emplacement ATM	Nombre de distributeurs automatiques de billets
Washington	34
Oregon	13

First Northwest Bancorp (FNWB) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

Au quatrième trimestre 2023, First Northwest Bancorp dessert environ 3 750 clients commerciaux de petite à moyenne taille de Washington et de l'Oregon. Le portefeuille total de prêts commerciaux pour ce segment était de 487,3 millions de dollars.

Métriques du segment des entreprises	Valeur totale
Nombre de clients commerciaux	3,750
Portefeuille de prêts commerciaux	487,3 millions de dollars
Taille moyenne du prêt	$129,947

Entreprises commerciales locales

La banque se concentre sur les entreprises commerciales régionales avec une concentration dans le nord-ouest du Pacifique. Les prêts immobiliers commerciaux totaux ont atteint 612,5 millions de dollars en 2023.

• Focus géographique primaire: Washington et Oregon
• Concentration commerciale de prêt immobilier: 612,5 millions de dollars
• Valeur des relations commerciales moyennes: 276 000 $

Clients bancaires de détail individuels

First Northwest Bancorp dessert 42 650 clients bancaires de détail individuels avec des comptes de dépôt de détail totaux de 1,2 milliard de dollars au 31 décembre 2023.

Métriques bancaires au détail	Valeur totale
Total des clients de la vente au détail	42,650
Dépôts de vente au détail	1,2 milliard de dollars
Dépôt client moyen	$28,144

Fournisseurs de services professionnels

La banque dessert environ 1 250 prestataires de services professionnels avec des solutions bancaires spécialisées. Le portefeuille de prêts professionnels totaux était de 156,7 millions de dollars en 2023.

• Nombre de clients de services professionnels: 1 250
• Portfolio de prêts professionnels: 156,7 millions de dollars
• Taille moyenne du prêt pour les professionnels: 125 360 $

Organisations communautaires locales

First Northwest Bancorp soutient 275 organisations communautaires locales avec des services bancaires spécialisés. Les dépôts totaux de l'organisation communautaire étaient de 89,4 millions de dollars en 2023.

Métriques de l'organisation communautaire	Valeur totale
Total des organisations communautaires	275
Dépôts d'organisation communautaire	89,4 millions de dollars
Dépôt moyen par organisation	$325,091

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Structure des coûts

Dépenses de fonctionnement de la succursale

Depuis 2022 Rapport financier, First Northwest Bancorp a exploité 54 succursales dans l'État de Washington. Les dépenses d'exploitation annuelles ont totalisé 12,4 millions de dollars, notamment:

Catégorie de dépenses	Coût annuel
Loyer et installations	4,6 millions de dollars
Services publics	1,2 million de dollars
Entretien	1,8 million de dollars
Sécurité	0,9 million de dollars

Maintenance de la technologie et des infrastructures numériques

Les coûts d'infrastructure technologique pour 2022 étaient de 7,3 millions de dollars, en particulier:

• Maintenance du système bancaire de base: 2,5 millions de dollars
• Infrastructure de cybersécurité: 1,8 million de dollars
• Mises à niveau de la plate-forme bancaire numérique: 1,6 million de dollars
• Matériel et logiciel informatique: 1,4 million de dollars

Salaires et avantages sociaux des employés

Total des dépenses du personnel pour 2022:

Type de dépenses	Montant
Salaires de base	35,6 millions de dollars
Assurance maladie	4,2 millions de dollars
Prestations de retraite	3,8 millions de dollars
Bonus de performance	2,9 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2022 étaient de 5,1 millions de dollars, y compris:

• Frais juridiques et de consultation: 2,3 millions de dollars
• Audit et rapport: 1,6 million de dollars
• Logiciel de conformité: 0,7 million de dollars
• Programmes de formation: 0,5 million de dollars

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2022 ont totalisé 3,2 millions de dollars, ventilées comme suit:

Canal de marketing	Dépenses
Marketing numérique	1,4 million de dollars
Médias traditionnels	0,9 million de dollars
Événements communautaires	0,5 million de dollars
Programmes de référence client	0,4 million de dollars

First Northwest Bancorp (FNWB) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des prêts et des produits de crédit

Pour l'exercice se terminant le 31 décembre 2023, First Northwest Bancorp a déclaré des revenus d'intérêts totaux de 82,4 millions de dollars. Répartition des intérêts du prêt:

Catégorie de prêt	Revenu des intérêts ($ m)
Prêts commerciaux	38.6
Prêts hypothécaires résidentiels	27.9
Prêts à la consommation	15.9

Frais de service bancaire

Les revenus des frais de service pour 2023 ont totalisé 19,3 millions de dollars, avec la ventilation suivante:

• Frais de maintenance du compte: 6,7 millions de dollars
• Frais de transaction: 5,2 millions de dollars
• Frais de découvert: 4,1 millions de dollars
• Autres frais de service: 3,3 millions de dollars

Services d'investissement et de gestion de la patrimoine

Les revenus des services de gestion de patrimoine en 2023 étaient de 12,5 millions de dollars, comprenant:

Catégorie de service	Revenus ($ m)
Frais de gestion des actifs	7.2
Services de conseil financier	3.8
Commissions de courtage	1.5

Revenus de prêts hypothécaires

Les prêts hypothécaires ont généré 24,6 millions de dollars de revenus pour 2023:

• Frais d'origine: 14,2 millions de dollars
• Frais de service hypothécaire: 6,9 millions de dollars
• Gains du marché secondaire: 3,5 millions de dollars

Frais de transaction bancaire numérique

Les frais de transaction bancaire numérique pour 2023 s'élevaient à 4,7 millions de dollars:

Service numérique	Frais de transaction ($ m)
Transactions bancaires mobiles	2.3
Traitement des paiements en ligne	1.6
Transferts de fonds électroniques	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.