First Northwest Bancorp · NASDAQ:FNWB
First Northwest Bancorp — Sandler O'Neill Investor Meeting (June 2016)
13 slides from First Northwest Bancorp's conference presentation, Jun 9, 2016
Slide 1: First Northwest Bancorp
4 First Northwest Bancorp Sandler O’Neill Investor Meeting Seattle, Washington . June 9, 2016
Slide 2: Safe Harbor Statement
Safe Harbor Statement (~ Y Forward-Looking Statements Certain matters discussed inthis presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, ammang other things, expectations of the
Slide 3: Company Snapshot
Company Snapshot First Northwest Bancorp >» * IPO January 2015 at $10.00/Share * NASDAQ Global Select Market: FNWB * State chartered savings bank founded March 1923 in Port Angeles, Washington * Total assets: $995 million * Net loans: $574 million * Total deposits: $710 million Performance since IPO
Slide 4: Investment Highlights
Investment Highlights ~ Community-oriented approach with robust market share in Olympic Peninsula markets and growing presence in strategic markets along I-5 corridor Focused on growing commercial loan products Continued focus on building core deposits Disciplined approach to credit quality Well-cap
Slide 5: Highlights
March 31, 2016 Highlights % (rs compared to the prior quarter: Net interest income increased $246k or 4% Net loans increased $47mm or 9% Deposits increased $25mm or 4% Repurchased 1.0% of total shares initially issued in conversion at an average price of $12.61 per share, for future issuance under o
Slide 6: Leadership: Senior Management Team
Leadership: Senior Management Team Years with Years in Company* Industry any Hueth President ; at ary Huet . ; , Chief Executive Officer sumawoed Executive Vice President 3 3 egina Woo! apie e Chief Financial Officer Executive Vice President Kelly Liske . % 9 20 ee Chief Banking Officer hte Dench Ex
Slide 7: Geographic Diversification
Geographic Diversification Peninsula /~ clveeoi eninsla Port Angeles (4) Administration (T) Downtown (T) Sixth Street Eastside Sequim (2) Sequim Avenue Sequim Village Forks Port Townsend Puget Sound Silverdale (1) Bellingham (tT) (1)= Technology service location using Interactive Teller Machines (IT
Slide 8: Company Performance — Balance Sheet
Company Performance — Balance Sheet Total Assets Deposits Sinmi $ in millions $995, Salo $937 $647 sr 8785 S795 s7a9 $600 gses 9995 [1 | [U ll 2ou 201220132028 2018 March 16 2ou 201220132018 2018 March ‘16 Loans Receivable, Net Equity $ in millions $ in millions $574 $498 gage sis. sist i $439 sao.
Slide 9: Company Performance — Earnings
Company Performance — Earnings Net Income (Loss) Net Interest Margin $ in oo0's $3,895, 302% 279% —a67m 289% a75— s2ain $2668 5 So a — (81,960) ($5,090) r T zou 201220132018 20s March 6 2ou 201220132018 2018 March ‘16 Return on Assets Return on Equity 052% 5a7% 0.30% aie OBe, 2.94% 3.33% i A i. a (0
Slide 10: Company Performance — Credit Quality
Company Performance — Credit Quality Nonperforming Assets (% of Assets) 22% 17% 15% 0.9% 07% i Q a 2011, 2012 2013 2004 2015 March ‘16 Nonperforming Loans (% of Loans) | fl io i 2011, 2012 2013, 2014 2015 March '16 Allowance for Loan Losses (% of NPL) 180.4% gage 145.6% 725% 80.8% a i] il 201 2012 2
Slide 11: Loan Portfolio Diversification
Loan Portfolio Diversification Loan Concentrations December 2015 3% SFR 1-4 SFR I-A & cons.60% Cons. Const /Land oe 5% Yield on Loans for the sixmonths ended December 31, 2015: 4.49% Yield on Loans for the nine months ended March 31, 2016: 4.48% Loan Concentrations March 2016 3% SFR 1-4 SFR I-A & co
Slide 12: Deposit Composition
Deposit Composition Deposit Concentrations December 2015 Ds Savings 22% 13% ns; Transaction \ 30% Money Market 35% Cost of Deposits for the six months ended December 31, 2015: 0.36% Cast of Deposits far the nine months ended March 31, 2016: 0.36% Deposit Concentrations March 2016 cds savings 22% 13%
Slide 13: Well Capitalized Balance Sheet
Well Capitalized Balance Sheet Bank Capital Ratios March 31, 2016 22.2% 22.2% 23.4% 14.2% Common Equity Tier1 Capital Ratio Tier 1 Capital Ratio Total Capital Ratio Tier 1 Leverage Ratio well Capitalized mActual 13
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