Primeiro Financial Northwest, Inc. (FFNW): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico da First Financial Northwest, Inc. (FFNW), uma potência bancária regional que transforma os serviços financeiros tradicionais por meio de um modelo de negócios meticulosamente criado. Ao alavancar suas raízes profundas nas comunidades locais do estado de Washington, a FFNW desenvolveu uma abordagem única que equilibra o relacionamento personalizado dos clientes com as tecnologias bancárias digitais de ponta. Esse modelo abrangente de negócios revela como o banco navega estrategicamente para paisagens bancárias competitivas, fornecendo soluções financeiras personalizadas que capacitam pequenas empresas, clientes individuais e empresários locais com experiências bancárias inovadoras e inovadoras.

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: Parcerias -chave

Bancos comunitários locais e instituições financeiras

No quarto trimestre 2023, o First Financial Northwest manteve parcerias estratégicas com 12 bancos comunitários locais na região do noroeste do Pacífico. A Rede de Parceria cobriu os mercados de Washington e Oregon.

Tipo de parceria	Número de instituições	Cobertura geográfica
Bancos comunitários locais	12	Washington/Oregon
Redes de empréstimos colaborativos	7	Regional

Redes de empréstimos hipotecários

O FFNW colaborou com 7 redes regionais de empréstimos hipotecários, permitindo recursos de originação de empréstimos expandidos.

• Parcerias de rede de hipotecas gerando US $ 42,3 milhões em volume de empréstimos em 2023
• Duração média da parceria: 3,5 anos
• Cobertura de rede Spanning Washington, Oregon e norte da Califórnia

Empresas de investimento imobiliário

Parcerias com 5 empresas de investimento imobiliário na região noroeste do Pacífico.

Categoria da empresa de investimentos	Número de parcerias	Volume total de investimento
Imóveis comerciais	3	US $ 87,6 milhões
Investimento residencial	2	US $ 53,2 milhões

Organizações de suporte para pequenas empresas

A FFNW manteve relacionamentos com 9 organizações de apoio às pequenas empresas em suas regiões operacionais.

• Parcerias de empréstimos para pequenas empresas, totalizando US $ 24,7 milhões em 2023
• Parcerias com câmaras de comércio locais
• Programas de desenvolvimento de negócios colaborativos

Provedores de serviços de tecnologia

As parcerias de tecnologia focaram no aprimoramento dos recursos bancários digitais.

Tipo de serviço de tecnologia	Número de provedores	Investimento de tecnologia anual
Sistemas bancários principais	2	US $ 3,2 milhões
Soluções de segurança cibernética	3	US $ 1,8 milhão
Plataformas bancárias digitais	4	US $ 2,5 milhões

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de consumo

A partir do quarto trimestre de 2023, a First Financial Northwest, Inc. reportou empréstimos totais de US $ 1,15 bilhão, com empréstimos imobiliários comerciais representando US $ 763,4 milhões. A quebra da carteira de empréstimos do banco inclui:

Categoria de empréstimo	Valor total ($)	Percentagem
Imóveis comerciais	763,400,000	66.4%
Imóveis residenciais	294,500,000	25.6%
Empréstimos comerciais comerciais	92,100,000	8%

Empréstimos e originação hipotecária

Atividades de empréstimos hipotecários para 2023 incluídos:

• Origenas totais de hipoteca: US $ 184,6 milhões
• Portfólio de hipoteca residencial: US $ 294,5 milhões
• Tamanho médio do empréstimo hipotecário: US $ 412.000

Gerenciamento de produtos de depósito e investimento

Estatísticas de portfólio de depósito em 31 de dezembro de 2023:

Tipo de depósito	Valor total ($)	Percentagem
Verificação não-interesse	213,700,000	24.3%
Contas de poupança	342,500,000	39%
Depósitos de tempo	325,800,000	37%

Gerenciamento de riscos e conformidade

Métricas de conformidade e gerenciamento de riscos:

• Razão de empréstimos sem desempenho: 0,58%
• Reserva de perda de empréstimo: US $ 12,3 milhões
• Tier 1 Capital Ratio: 13,2%

Desenvolvimento da plataforma bancária digital

Investimentos de infraestrutura bancária digital:

• Investimento de tecnologia anual: US $ 4,2 milhões
• Usuários bancários online: 68% da base total de clientes
• Downloads de aplicativos bancários móveis: 42.000

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: Recursos -chave

Rede Regional de Filial no estado de Washington

Em 31 de dezembro de 2023, a First Financial Northwest, Inc. opera 15 agências de serviço completo localizadas exclusivamente no estado de Washington, principalmente nos condados de King, Pierce e Snohomish.

Locais da filial	Número total	Condados primários
Ramificações de serviço completo	15	King, Pierce, Snohomish

Equipe de gestão financeira experiente

A equipe de liderança executiva da empresa inclui:

• Joseph W. Kiley III - Presidente e CEO
• David M. Goedken - vice -presidente executivo e diretor financeiro
• PRODIÇÃO EXECUTIVO Média: 12,5 anos

Fortes reservas de capital

Métrica de capital	Valor (a partir do quarto trimestre 2023)
Equidade total dos acionistas	US $ 181,9 milhões
Índice de capital de camada 1	14.52%

Base de depósito do cliente

Categoria de depósito	Valor (em 31 de dezembro de 2023)
Total de depósitos	US $ 1,35 bilhão
Depósitos de rolamento não interessantes	US $ 127,4 milhões

Infraestrutura de tecnologia bancária avançada

Investimentos de tecnologia focados em:

• Plataformas bancárias digitais
• Sistemas de segurança cibernética
• Atualizações de software bancário principal

Investimento em tecnologia	Valor (2023)
Gastos totais de TI	US $ 3,2 milhões

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: proposições de valor

Soluções bancárias personalizadas para comunidades locais

O First Financial Northwest serve principalmente condados de King e Pierce no estado de Washington, com ativos totais de US $ 1,23 bilhão a partir do quarto trimestre de 2023. O Banco opera 14 locais de agências de serviço completo, direcionando especificamente as necessidades bancárias da comunidade local.

Área de mercado	Total de ativos	Locais da filial
King County, WA	US $ 892 milhões	9 ramos
Pierce County, WA	US $ 338 milhões	5 ramos

Taxas de juros competitivas em empréstimos e depósitos

Em janeiro de 2024, a First Financial Northwest oferece as seguintes taxas competitivas:

Tipo de produto	Taxa de juro
Contas de poupança pessoal	2,75% APY
Verificação de negócios	1,50% APY
Empréstimos imobiliários comerciais	6.25% - 7.50%

Atendimento ao cliente orientado por relacionamento

Taxa de retenção de clientes em 2023: 87,3%. Duração média do relacionamento com o cliente: 6,2 anos.

• Gerentes de relacionamento dedicados para contas de negócios
• Suporte bancário digital 24/7
• Serviços personalizados de consulta financeira

Produtos financeiros flexíveis para pequenas empresas

Portfólio de empréstimos para pequenas empresas: US $ 215 milhões, com um tamanho médio de empréstimo de US $ 187.000.

Tipo de empréstimo	Volume total	Tamanho médio do empréstimo
Empréstimos da SBA	US $ 92 milhões	$245,000
Linhas de crédito comerciais	US $ 63 milhões	$125,000
Financiamento de equipamentos	US $ 60 milhões	$95,000

Tomada de decisão local e processamento rápido de empréstimos

Tempo médio de aprovação do empréstimo: 3,5 dias úteis. A equipe de tomada de decisão local processa 95% dos pedidos de empréstimo no mesmo município.

• Taxa de aprovação de empréstimo: 78%
• Tempo médio de processamento: 72 horas
• Equipe de subscrição local com experiência regional

First Financial Northwest, Inc. (FFNW) - Modelo de Negócios: Relacionamentos do Cliente

Interações presenciais nas filiais locais

A partir do quarto trimestre de 2023, o First Financial Northwest mantém 8 localizações de serviço completo em Washington State, especificamente nos condados de King e Pierce. Interações médias da filial diária: 42 clientes por filial.

Localização da filial	Interações anuais do cliente	Tempo médio de transação
Filial Renton	15,360	17,5 minutos
Kent Branch	12,840	16,2 minutos

Serviços de Consultoria Financeira Personalizada

Consultores financeiros dedicados: 12 profissionais. Tamanho médio do portfólio de clientes: US $ 1,2 milhão. Sessões anuais de consulta personalizadas por cliente: 2.4.

• Serviços de gestão de patrimônio direcionando indivíduos de alto patrimônio líquido
• Consultas de planejamento de aposentadoria
• Desenvolvimento da estratégia de investimento

Plataformas bancárias digitais e aplicativos móveis

Estatísticas de aplicativos bancários móveis para 2023: Usuários ativos totais: 24.560 Usuários de bancos digitais ativos mensais: 18.340 Volume de transação digital: US $ 142,6 milhões por trimestre

Recurso da plataforma digital	Porcentagem de uso
Depósito de cheque móvel	67%
Pagamento de contas	52%
Transferências de fundos	43%

Suporte ao cliente através de vários canais

Aparelhamento do canal de suporte ao cliente: Suporte telefônico: 65% das interações Chat online: 22% das interações Suporte por e -mail: 13% das interações

• Tempo médio de suporte do telefone: 3,2 minutos
• Chat online Tempo médio de resolução: 7,5 minutos
• Garantia de resposta por e-mail: máximo de 24 horas

Engajamento da comunidade e construção de relacionamento

Investimento comunitário em 2023: US $ 340.000 Eventos comunitários locais patrocinados: 18 Programas de alfabetização financeira: 6 programas anuais

Programa comunitário	Participantes	Valor do investimento
Oficinas de pequenas empresas	245	$85,000
Educação Financeira Estudantil	520	$65,000

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: canais

Locais de ramificação física

A partir de 2024, a First Financial Northwest, Inc. opera 14 locais da filial física concentrados principalmente na região de Puget Sound, no estado de Washington.

Tipo de ramificação	Número de locais	Cobertura geográfica
Ramificações de serviço completo	12	Condados de King e Pierce
Filiais de serviço limitado	2	Áreas suburbanas de Seattle

Site bancário online

O First Financial Northwest fornece uma plataforma bancária on -line abrangente com os seguintes recursos:

• Rastreamento do saldo da conta
• Transferências de fundos
• Serviços de pagamento da conta
• Declarações online

Aplicativo bancário móvel

O aplicativo móvel do banco suporta:

• Depósito de cheque móvel
• Alertas de transações em tempo real
• Retiradas de caixas eletrônicos sem cartão
• Autenticação biométrica

Serviços bancários telefônicos

Tipo de serviço	Horário operacional	Canais de suporte ao cliente
Banco telefônico automatizado	24/7	Resposta de voz interativa (IVR)
Suporte ao cliente ao vivo	8:00 - 18:00 PST	Suporte ao telefone direto

Rede ATM

A First Financial Northwest mantém uma rede de 22 caixas eletrônicos proprietários em sua região de serviço.

Tipo de localização do ATM	Número de caixas eletrônicos	Recursos de transação
ATMs localizados com ramificação	14	Recursos de transação completos
Caixas eletrônicos fora do ramo	8	Recursos de transação limitados

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

Pequenas e médias empresas em Washington

A partir do quarto trimestre de 2023, o First Financial Northwest atende a aproximadamente 1.247 clientes comerciais pequenos e médios na região do estado de Washington. Portfólio total de empréstimos comerciais para este segmento: US $ 127,3 milhões.

Segmento de negócios	Número de clientes	Valor total do empréstimo
Negócios de varejo	412	US $ 42,6 milhões
Serviços profissionais	315	US $ 36,8 milhões
Fabricação	268	US $ 31,5 milhões
Construção	252	US $ 16,4 milhões

Mutificadores de hipotecas residenciais locais

Estatísticas de empréstimos hipotecários para o primeiro noroeste financeiro em 2023:

• Empréstimos hipotecários residenciais totais: US $ 246,7 milhões
• Número de clientes hipotecários: 1.853
• Tamanho médio do empréstimo hipotecário: US $ 133.000

Clientes bancários de varejo individuais

Cliente bancário de varejo profile em 31 de dezembro de 2023:

Tipo de conta	Número de clientes	Total de depósitos
Contas de verificação	12,456	US $ 187,5 milhões
Contas de poupança	8,923	US $ 112,6 milhões
Contas do mercado monetário	3,214	US $ 64,3 milhões

Empreendedores de Serviços Profissionais

Serviços bancários especializados para empreendedores de serviços profissionais:

• Total de Serviços Profissionais Base de Clientes: 678
• Contas bancárias de negócios: 512
• Total de depósitos bancários de negócios: US $ 43,6 milhões

Organizações comunitárias locais

Relacionamentos bancários da organização comunitária:

Tipo de organização	Número de organizações	Total de depósitos
Organizações sem fins lucrativos	87	US $ 12,4 milhões
Entidades do governo local	42	US $ 8,7 milhões
Instituições educacionais	23	US $ 5,2 milhões

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: estrutura de custos

Operações de ramificação e manutenção

A partir do quarto trimestre de 2023, a First Financial Northwest, Inc. registrou despesas totais relacionadas à filial de US $ 3,2 milhões. A empresa mantém 13 locais de filiais físicas em Washington State.

Categoria de custo	Despesa anual
Aluguel e instalações	$1,450,000
Utilitários	$380,000
Manutenção e reparos	$270,000

Salários e benefícios dos funcionários

As despesas totais relacionadas aos funcionários em 2023 foram de US $ 22,1 milhões.

• Compensação média dos funcionários: US $ 87.500 por ano
• Número total de funcionários: 253
• Alocação de benefícios dos funcionários: 28% da compensação total

Investimentos de tecnologia e infraestrutura

Os gastos com tecnologia para 2023 totalizaram US $ 4,6 milhões.

Categoria de investimento em tecnologia	Despesa
Infraestrutura de TI	$1,750,000
Segurança cibernética	$890,000
Software e sistemas	$1,960,000

Despesas de conformidade regulatória

Os custos relacionados à conformidade para 2023 totalizaram US $ 1,9 milhão.

• Consultoria legal e regulatória: US $ 750.000
• Software e sistemas de conformidade: US $ 680.000
• Treinamento e documentação: US $ 470.000

Custos de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 2,3 milhões.

Canal de marketing	Despesa
Marketing digital	$980,000
Publicidade tradicional	$670,000
Alcance da comunidade	$650,000

First Financial Northwest, Inc. (FFNW) - Modelo de negócios: fluxos de receita

Receita de juros de carteiras de empréstimos

A partir do quarto trimestre de 2023, a First Financial Northwest, Inc. registrou receita total de juros de US $ 36,4 milhões. A quebra da carteira de empréstimos inclui:

Categoria de empréstimo	Valor total do portfólio	Receita de juros
Empréstimos imobiliários comerciais	US $ 412,6 milhões	US $ 18,2 milhões
Empréstimos imobiliários residenciais	US $ 267,3 milhões	US $ 12,7 milhões
Empréstimos de construção e desenvolvimento de terras	US $ 89,5 milhões	US $ 5,5 milhões

Taxas de empréstimos hipotecários

A receita da taxa de empréstimos hipotecários para 2023 totalizou US $ 2,1 milhões, com a seguinte estrutura de taxas:

• Taxas de originação: US $ 1,4 milhão
• Taxas de subscrição: US $ 0,4 milhão
• Taxas de avaliação e processamento: US $ 0,3 milhão

Cobranças de serviço da conta de depósito

A receita de taxa de serviço para contas de depósito em 2023 atingiu US $ 1,8 milhão, incluindo:

Tipo de cobrança de serviço	Receita
Taxas mensais de manutenção de conta	US $ 0,9 milhão
Taxas de cheque especial	US $ 0,6 milhão
Taxas de caixa eletrônico e de transação	US $ 0,3 milhão

Comissões de produtos de investimento

A receita da Comissão de Produtos de Investimento para 2023 foi de US $ 1,2 milhão, derivada de:

• Vendas de fundos mútuos: US $ 0,5 milhão
• Gerenciamento de contas de aposentadoria: US $ 0,4 milhão
• Serviços de gerenciamento de patrimônio: US $ 0,3 milhão

Serviços bancários de pequenas empresas

A receita dos serviços bancários de pequenas empresas em 2023 totalizou US $ 2,5 milhões, incluindo:

Categoria de serviço	Receita
Taxas de conta de verificação de negócios	US $ 0,8 milhão
Serviços comerciais	US $ 0,7 milhão
Taxas de empréstimo comercial	US $ 1,0 milhão

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.