First Northwest Bancorp · NASDAQ:FNWB
First Northwest Bancorp — Investor Presentation (December 2020)
21 slides from First Northwest Bancorp's investor presentation, Dec 7, 2020
Slide 1: Investor Presentation December 2020
EX 99.1 EZ First Northwest Bancorp FNWB 3020 INVESTOR PRESENTATION DECEMBER 2020
Slide 2: About First Northwest Bancorp (FNWB)
& First Northwest Bancorp ABOUT FIRST NORTHWEST BANCORP (FNWB) Bank holding company for First Federal, a growing $1.6 billion* asset, state chartered savings bank headquartered in Port Angeles, Washington First Federal is a Washington state-chartered savings bank, founded in 1923 NASDAQ ticker symbo
Slide 3: Strategic Goals
& First Northwest Bancorp STRATEGIC GOALS Oe Leverage Strategy Human Capital Revenue Growth Digital Channels
Slide 4: Strategic Goal #1: Leverage Strategy
First Northwest Bancorp | STRATEGIC GOAL #1 Leverage Strategy we VY & Scale assets to improve Improve Balance Sheet Leverage Wholesale EPS and ROAE Mix Sources
Slide 5: Asset Mix
First Northwest Bancorp ASSET MIX a $1,200 3 67.8% 5 81.000 = 67.3% $800 $600 Son 25.5% a 19 20.1% 24" $200 45% 3.7% 3.3% 2.8% 2.3% 24% s Cash Investments Loans BOLI 83Q 2019 $56,481 $251,196 $841,146 $29,754 = 4Q 2019 $48,739 $315,580 $878,436 $30,027 §3Q 2020, $52,079 $399,111 $1,061,417 $38,104 §
Slide 6: Balance Sheet Leverage
BALANCE SHEET LEVERAGE $1,800 $1,600 $1,400 Thousands MEE Borrowings —Copital Ratio $1,250,310 $970,700 $85,324 14.20% mmm Assets Deposits 40 2019 3@ 2020 $1,307,336 $1,564,670 $1,001,645 $1,254,456 $112,930 $109,150 13.53% 11.60% mmm Borrowings — Capital Ratio 16.00% 14.00% 12.00% 10.00% 8.00% 6.00
Slide 7: Wholesale Balance Sheet
WHOLESALE BALANCE SHEET MANAGEMENT DESCRIPTIONS 9/30/2019 12/31/2019 9/30/2020 Northpointe Loans zona s7iamn PPP Loans : - $321MM Investment Portfolio, $2088MM $3156 $360.14 Woodside Auto Program/Other Indirect Auto siotama, s1o2-7i4 s1o26we Bank Owned Life Insurance soa. 300mm 3.1mm Public Funds/Tr
Slide 8: Strategic Goal #2: Human Capital
First Northwest Bancorp STRATEGIC GOAL #2 Human Capital 2444
Slide 9: Experienced, But Young, Management Team
First Northwest Bancorp EXPERIENCED, BUT YOUNG, MGMT. TEAM Matt Deines (age 47) + Present & CEO of the Bank since August 2019, end President & CEO of the President and Company since December 2019. Former EVP/'CFO of Liberty Bank and SFBC Chief Executive Officer + Nearly 20 years of banking experienc
Slide 10: 2020 Key Hires
& First Northwest Bancorp 2020 KEY HIRES Geri Bullard — EVP/Chief Financial Officer Experienced CFO/former Regulator Randy Riffle — EVP/Chief Lending Officer Commercial leader/former Chief Credit Officer Jonathan Sparling — SVP/Senior Director of Commercial Lending Executive leader/producer from $15
Slide 11: Strategic Goal #3: Revenue Growth
& First Northwest Bancorp STRATEGIC GOAL #3 Revenue Growth Net Interest Income Mortgage Revenue Debit Card Interchange Bank Owned Life Insurance Commercial Banking
Slide 12: Building Revenue for Today and Tomorrow
First Northwest Bancorp BUILDING REVENUE FOR TODAY AND TOMORROW rae $9,429 $10,114. $11,760 eee 655 2,002 1,724 HSS 465 407 483 pues 148 628 622 Loan Swap Program Fees . 168 396
Slide 13: Strategic Goal #4: Digital Channels
& First Northwest Bancorp STRATEGIC GOAL #4 Digital Channels Deposit Account Opening (Terrafina) Mortgage Production (Blend/Ellie Mae) Digital Consumer Lending (Meridian Link) Small Business Lending (Streetshares /Sageworks) Digital Marketing Program (Customer Acq.)
Slide 14: Q3 2020 Financial Highlights
First Northwest Bancorp Q3 2020 FINANCIAL HIGHLIGHTS Third quarter net income totaled $3.7 million, compared to $2.0 million in the preceding quarter and $2.1 million in the year ago quarter. Diluted earnings per share was $0.40, up from $0.21 per share in the preceding Net Income quarter and up fro
Slide 15: Loan Mix
First Northwest Bancorp LOAN MIX Q3 2019 Q3 2020 cal cal 470% 11.47% 14 14 Residential —pisg and Residential Other Total Loans: $1,061,417 Total Loans: $841,146 Multi- X family 11.89% CRE 10.87% 26.41% $ in thousonds
Slide 16: Deposit Portfolio
& First Northwest Bancorp DEPOSIT PORTFOLIO Fmt 12/31/2019 9/30/2020 Wid. Wd. Deposit % of | Avg. % of | Avg. Category Balance | Total | Cost Balance | Total | Cost Non-Int $160,420 16% | 0.00% $236,007 19% | 0.00% Checking Int Checking 116,076 11% | 0.07% 154,861 12% 0.01% Savings 168,983 17% | 0.8
Slide 17: Net Interest Income and Net Interest Margin
First Northwest Bancorp NET INTEREST INCOME AND NET INTEREST MARGIN 3.40% $11,500 7 3.35% 3.20% $10,500 y 3.25% $9,500 = y/ 3.20% — | wy. | — = [| 3.15% $8,500 3.10% 3.05% $7,500 3.00% $6,500 2.95% 18 1ai9 2019 319 4Q19 1020 2020 320 $ in thousands EENet Interest Income ——Net Interest Margin
Slide 18: Return on Assets and Return on Equity
First Northwest Bancorp RETURN ON ASSETS AND RETURN ON EQUITY 120% 9.00% 0.20% 1.00% 4918 1019 2019 2017 3a19 1420 2020 30202 4Q18 1019 2019 2017 3019 1020 7020 30202
Slide 19: Capital
First Northwest Bancorp CAPITAL Tangible Book Value Per Share Tangible Common Equity Ratio $18.00 sizes 150% $17.50 14.0% $17.07 ~~ $17.00 13.0% sigso $1642 $1688 12.0% $1 00 siein2 11.0% $15.50 | 10.0% $15.00 9.0% 3Q19 4Q19-—-1Q20. 220 3Q20 3Q19 4019 1Q20 2Q20 32020 14.2% 13.5% 12.0% 11.9% 11.6%
Slide 20: Market Footprint
MARKET FOOTPRINT 13 locations: * 8 locations (6 Branches, 2 stand- alone ITMs) in Clallam and Jefferson Counties + 2 Branches in Kitsap County + 2 Branches in Whatcom County + 1 Lending Center in King County & First Northwest Bancorp ‘slant Snohomish Chelan Gay bor Kitts Frere Thurston . Pasi Lewis
Slide 21: Questions?
First Federal First Northwest Bancorp QUESTIONS? MATT DEINES, PRESIDENT/CEO GERI BULLARD, EVP/CFO MATT.DEINES @OURFIRSTFED.COM GERI.BULLARD @OURFIRSTFED.COM
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