First Northwest Bancorp · NASDAQ:FNWB
First Northwest Bancorp — Shareholder Meeting (May 2022)
10 slides from First Northwest Bancorp's shareholder meeting presentation, May 31, 2022
Slide 1: First Northwest Bancorp Annual Meeting May 2022
& First Northwest Bancorp Annual Meeting ‘May 2022
Slide 2: First Fed Mission Statement
°S First Northwest Bancorp We design and deliver delightful, accessible, and effortless financial solutions by empowering our team members to improve the lives of those we serve. First Fed Mission Statement
Slide 3: Major Strategic Initiatives
°S First Northwest Bancorp Major Strategic Initiatives * Primaryfocusison payments" JoitVeturelaunched nearly Focusonleveragngour © Deposit Account Opening Uamaig ourcomebanee do. Chorteyctedtand compliance” (eratina), capabilities and access to * Version 1 of product soft ‘capabilities and low cost
Slide 4: Overview of Risk Management
°S First Northwest Bancorp Overview of Risk Management Risk Management Governance Technology and Cybersecurity Board and Committee Oversight and Reporting at least quarterly ‘Tenured General Counsel oversees Governance and Enterprise Risk Management General Counsel reports directly to CEO ‘Tenured C
Slide 5: ESG — Creating Value Beyond Banking
°S First Northwest Bancorp ESG — Creating Value Beyond Banking Governance | = Appointed our third female director in 2020. Native American Board Member to join in September 2021 = Formalized Diversity, Equity and Inclusion (DEI) Policy to increase diversity and social responsibility companywide * Fo
Slide 6: Market Expansion
°S First Northwest Bancorp Market Expansion = Opened first King County branch on July 26, 2021, after the acquisition of the Bellevue, Washington branch of Sterling Bank and Trust of Southfield, Michigan, adding $65.4 million in deposit accounts. = Executed lease to relocate Commercial and Mortgage
Slide 7: Awards
°S First Northwest Bancorp Awards The Company has received several accolades as a leader in the community. First Fed was named to the Forbes 2021 Best-in-State Banks list. Nearly 25,000 Americans were surveyed for their opinions on their current and former banking relationships. Only 135 banks (2.7%
Slide 8: Building Revenue
°S First Northwest Bancorp Building Revenue (Sin Thousands) 209 nee s35.208 2019 2001 2020 2001 $43,958 $37965 $2327 33768 $3,788 | Interchange come ©2022 FAW $6570 ssa Revenue from Sold Loans Netinterst Nominteret pil Se Total Operating 2019 Revenue: $44,9M. Netinterest Nomintere® income Tneome 735
Slide 9: Selected Balance Sheet Detail
“> Firse Northwest Bancorp Selected Balance Sheet Detail (Sin Millions) saaie 2019 tlLoans,NetALLL =Total Deposits Total Assets 2001
Slide 10: Measurable Improved Profitability
°S First Northwest Bancorp Measurable Improved Profitability Net income ($ in Thousands) ROAA (%) 087% sasaue om onx 00% 10380 sae $705 cs sa08 woe 2020S OM wir 08201202020 Efficiency Ratio (%) Net Interest Margin (%) 782% a695y 330% nam sui aa oan sae 320K 320% re ee ee er wir 082202020 ©2022 FAW S
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