First Northwest Bancorp (FNWB) 2017年年度报告「NASDAQ」.pdf

1、Message to Our Shareholders2017-T Annual Report Message to Shareholders Larry Hueth,President and CEO Stephen Oliver,Board ChairmanMessage to our ShareholdersFirst Northwest Bancorp,through the functions and charitable activities of its wholly-owned subsidiary,First Federal Savings and Loan Associat

2、ion of Port Angeles(collectively the“Company”),has a long-standing and inseparable connection with the communities it serves,and is part of the fiber that binds each of these communities together.The Companys history and success is built on multiple strategies,which include working with consumers an

3、d businesses in our communities to help them succeed and meet their financial needs and goals,providing a satisfying workplace for employees,and striving to make its communities better through philanthropic activities.Of course,the Companys success has always depended on the financial success of its

4、 banking activities.In this regard,we are pleased to report that the Company delivered another strong financial performance during the six month period ended December 31,2017.During 2017,the Company transitioned from a fiscal year ending June 30 to a fiscal year ending December 31.This change will h

5、elp to streamline our operations,with financial reporting more consistent with our peers and regulatory reporting requirements.This“Annual Report”is for the six month transition period ended December 31,2017.In this six month period we successfully balanced continued geographic expansion,strong impr

6、ovement in earnings,and a continued commitment to the charitable needs of our communities.We are proud of these accomplishments and excited about the opportunities ahead.Financial PerformanceThe dedicated efforts of our entire team of banking professionals delivered strong profitability and growth d