First Northwest Bancorp (FNWB) 2024年年度报告「NASDAQ」.pdf

1、ANNUAL REPORT 2024April8,2025Dear Shareholder:Wearehonoredtopresentthe2024AnnualReportonbehalfoftheentireteamatFirstNorthwestBancorpandFirstFedBank.Thepastyeartestedbusinessesandfinancialinstitutionsnationwide.Despiteacomplexeconomiclandscape,westayedcommittedtoourmissionofimprovingthelivesofourcust

2、omers,employees,shareholders,andcommunities.Our Financial Performance TheBoardandmanagementremainedfocusedonfinancialresilienceandlongtermstabilitythroughout2024.Whileelevatedcreditcostsledtoanetlossof$6.6million,pretaxpreprovisionnetrevenue1grewto$8.9million,morethandoublingfromtheprioryear.Loangro

3、wthof$35.8millioncontributedtototalassetsreaching$2.23billion,reflectinga1.4%increaseover2024.Interestincomeroseto$112.3million,an$11.4millionyearoveryeargain,bolsteredbyhigheryieldsandstrategicbalancesheetrestructuring.Thesuccessfulimplementationofafairvaluehedgeenhancedearningsandreducedinterestra

4、terisk,whilereinvestmentinhigheryieldingbankownedlifeinsurancepoliciesandinvestmentsecuritiesfurtherstrengthenedprofitability.Withacontinuedfocusonliquidity,capitalmanagement,andassetquality,webelieveFirstNorthwestiswellpositionedtoimprovefinancialperformancein2025throughcorerelationshipgrowth,resol

5、utionofproblemassets,anddisciplinedcapitaldeployment.1SeereconciliationofNonGAAPFinancialMeasuresonpage4ofthisAnnualReport.2022 Total Assets$2.04B 2023 Total Assets$2.20B 2024 Total Assets$2.23B 2Our Governance CommitmentTheBoardhasconsistentlydemonstrateditscommitmenttostronggovernanceandsupportedr

6、emovalofthesupermajorityvotingprovisionsfromourArticlesofIncorporation,believingthatamajorityvotingstructurebetterservesshareholders.Althoughtheamendmentdidnotreceivesufficientapprovalin2022or2024,theBoardhasproposedremovaloftheprovisionsagainthisyearandremainscommittedtoadvocatingforgovernanceimpro