First Northwest Bancorp (FNWB) 2021年年度报告「NASDAQ」.pdf

1、ANNUAL REPORT 20212021 ANNUAL REPORTTo our Stakeholders”In 2021,we opened newbranch locations inFerndale and Bellevue,and relocated ourFairhaven branch to amore visible location.Weare looking forward toharvesting each of theseinvestments in thecoming year andbeyond.”We are pleased to share with you

2、First Northwest Bancorp s 2021 Annual Report.Asevidenced by our meaningful progress in asset growth and profitability,this year FirstNorthwest Bancorp and First Fed Bank adapted to meet the needs of our customers,employees,shareholders,and the communities we serve.We accomplished this byinvesting in

3、 financial technology,enhancing our digital delivery channels,expandingfinancial inclusion,and increasing our physical footprint.As you may have noticed,we renamed as First Fed Bank this year!The new name andcorresponding conversion to a commercial bank under Washington law reflect the namewe have a

4、ffectionately gone by for nearly a century and the maturing business activitiesthe Bank developed in response to our growing community needs.To support our progress last year,we invested in our people by hiring 59 new employeesin 2021.We also increased the base pay entry rate to$18 per hour demonstr

5、ating ourcommitment to the people who enabled us to grow.In 2021,we opened new branchlocations in Ferndale and Bellevue,and relocated our Fairhaven branch to a more visiblelocation.We are looking forward to harvesting each of these investments in the comingyear and beyond.Revenue from Sold LoansNet

6、Interest IncomeBUILDING REVENUE NON-INTEREST INCOME ACCOUNTS FOR OVER 21.2%OF TOTAL OPERATING REVENUE DRIVEN BY THESTRENGTH OF THE COMPANYS MORTGAGE BANKING OPERATIONS2019FY2020FY2021FYTOTAL SHAREHOLDERSEQUITY$190.5M(Dollars in thousands)$58,298$43,958$37,865$1,763$1,743$2,127Interchange Income$1,25