First Northwest Bancorp (FNWB) 2016年年度报告「NASDAQ」.pdf

1、2016Two Thousand SixteenAnnual ReportFirst Northwest BancorpMessage to Our Shareholders2016 Annual Report Message to Shareholders Larry Hueth,President and CEO Stephen Oliver,Board ChairmanMessage to our ShareholdersFiscal year ended June 30,2016 represents the completion of our first full fiscal ye

2、ar as a public company.We are proud of the continued progress we have made in successfully deploying the capital raised in the conversion,our geographic diversification,earnings improvements and the development of robust reporting,internal controls,and risk management programs that are required as a

3、 public company.We see exciting opportunities to invest in,and build our banking platform to meet the needs of the communities we serve.Financial Performance The company had a profit of$4.0 million for the fiscal year ended June 30,2016 compared to a loss of$5.1 million for the previous year.The pre

4、vious years loss was attributed to the costs associated with funding the First Federal Community Foundation as part of our conversion.Excluding the one-time foundation costs,the company would have reported net income of$3.3 million*for fiscal year 2015.Through the dedicated efforts of our entire tea

5、m of banking professionals,we delivered another year of strong growth.Total assets at June 30,2016,exceeded$1.0 billion,growing$73.3 million or 7.8%from$936.8 million at the end of the prior fiscal year.Loans outstanding increased by$132.0 million or 27.0%while deposits increased$76.1 million or 11.

6、8%from the prior year.We are very pleased with the performance of our two newest branches and the contributions those new communities make to increasing our shareholder value.The Silverdale branch opened in June 2014 and had deposits totaling$34.5 million at June 30,2016.Our Bellingham branch opened