First Northwest Bancorp · NASDAQ:FNWB
First Northwest Bancorp — Raymond James - Chicago (October 2017)
19 slides from First Northwest Bancorp's conference presentation, Oct 5, 2017
Slide 1: First Northwest Bancorp
First Northwest Bancorp NASDAQ: FNWB Raymond James - Chicago October 2017
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements When used in this presentation the wards or phrases “believes,” “expects,” “anticipates,” “estimates” or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
Slide 3: Strategic Plan and Performance
Strategic Plan and Performance 2017 accomplishments * Geographic diversification ¢ Earning asset diversification * Company performance ¢ Share repurchases 2018 challenges ¢ Continuing to improve earnings and efficiency * Managing excess liquidity and capital * Continuing product and geographic diver
Slide 4: Board of Directors
ip Board of Directors Name Board Title Since* Stephen E. Oliver Chairman of the Board 2001 David A. Blake Vice Chairman of the Board 2005 Lloyd J. Eisenman? Director 1985 David T. Flodstrom Director 2002 peuieneedsHUeth President and CAE Bective Officer 2010 Jennifer Zaccardo Director 2011 Cindy H.
Slide 5: Leadership
Leadership Senior Management Team Years with Years in Company" Industry Larry Hueth President and Chief Executive Officer 8 33 Regina Wood EVP, Chief Financial Officer a 1. Kelly Liske EVP, Chief Banking Officer a 22 Chris Donohue EVP, Chief Credit Officer 4 39 Jeff Davis EVP, Chief Operations Offic
Slide 6: Economic Condition
Economic Condition July 2017 County unemployment rates, not seasonally adjusted 4% Snohomish NS 40% King 3.6% Pacific 62% 4.0% or ess 4.1% 105.0% 5.1% to 6.0% 6.1% or greater Source: Employment Security Department Washington state esdwa.gov 2016 distressed areas" Three-year average unemployment rate
Slide 7: Olympic Peninsula Economic Conditions
Olympic Peninsula Economic Conditions Nonfarm industry employment, not seasonally adjusted, in Clallam County (Port Angeles MSA) sad Jan Feb Mar Apr May-Jun Nonfarm industry employment, not seasonally adjusted, in Jefferson County addi = Mar Apr May Jun Jul Aut Oct Nov Dec While employment continues
Slide 8: Expansion Market Economic Conditions
Expansion Market Economic Conditions Nonfarm industry employment, not seasonally adjusted, in Kitsap County (Bremerton MSA) lle Mar Apr May Jun Jan ,000 88,000 86,000 Nonfarm industry employment, not seasonally adjusted, in Whatcom County (Bellingham MSA) Adidas A Jan Feb Mar Apr May Jun. Jul. Aug N
Slide 9: Location
Location Olympic Peninsula Port Angeles Administration (T)! Downtown (T)2 Sixth Street Eastside Sequim Sequim Avenue Sequim Village Forks Port Townsend ae Puget Sound Expansion Port Angeles. "Sequim ed Bellingham Fairhaven V Silverdale V Bellingham V Bellingham/Fairhaven Bainbridge ¥ Bainbridge Isla
Slide 10: Balance Sheet Assets
Balance Sheet Asse AtJune 30 for the years presented Total Assets Investment Securities $in millions $in millions sie $100 sor s2006 a su s IN ; $936.8 aut S N o ‘ N - Ses s7eas ‘uss i 5 Loans Receivable, net $in millions Net Loans Investments s srs to to s AtJune 30, Assets Assets : cio 2013 57.3%
Slide 11: Loan Portfolio Diversification
Loan Portfolio Di AtJune 30 for the years presented 2016 2017 tome equity other consumer x Commercial
Slide 12: Asset Quality and Reserves
Asset Quality and Reserves AtJune 30 for the years presented Nonperforming Assets to Total Assets Nonperforming Loans to Total Loans 22% 10 09% 12% oan 10% Lo os% 03x = ss a eax ALLL to nonperforming loans ALLL to total loans 245.% Fae 1.6% on is ax 12% 12% 223% 10 rooo% 808% - 013 2 2016 201 0 ous
Slide 13: Balance Sheet Liabilities
Balance Sheet Liabilities AtJune 30 for the years presented Deposits Borrowings $in millions $in millions ” se238 suo $105 « $1000 ss00 $723.3 $90 ss07 seo sma sean soso ‘$600 [ ® Net Loans to AtJune 30, Deposits 2013 75.5% 2014 82.6% 2015 75.A% 2016 85.7% 2017 88.2%
Slide 14: Deposit Geographic Diversification
Deposit Geographic Diversificati AtJune 30 for the years presented 2015 2016 Jefferson 15% 14
Slide 15: Balance Sheet Equity
Balance Sheet Equity AtJune 30 for the years presented FNWB Equity $ in millions ie $190.7 $189.7 — 100 S786 se10 FNWB Regulatory Capital Ratios FNWB Regulatory Capital Ratios 2016 2017 ii 299% 29.9% a i ia 25.5% 165%
Slide 16: Earnings
Earnings For the fiscal year ended June 30 sie saz Net Interest Income Sin millions sais s278 $229 sas 1 Noninterest Expense Sin millions $33.0 5298 3279 | | 323 Noninterest Income $ in millions $62 $50 | [ Net Income (Loss) Sin millions sto 327 st52) $02 ssa
Slide 17: Earnings
Earnings For the fiscal year ended June 30 ROAA ROAE 0.48% o 333% ox 2.94% 3.92% EPS $0.46 $0.33, EPS Not Applicable $(0.42)
Slide 18: Stock Price
tock Price First Northwest Bancorp (NASDAQ: FNWB) IPO January 2015 at $10/share At the period ende: 6/30/2017 12/31/2016 6/30/2016 Common Shares Outstanding (actual) 11,902,146 12,153,946 12,676,660 Basic Book Value per Share $ 1493 $ 1455 $ 14.97 52 Week Price per Share Highlights High June 20, 201
Slide 19: Thank You
Thank You
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