First Northwest Bancorp — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 62/100
What the filing says
First Northwest Bancorp reported Q2 2026 net income of $308,000 ($0.03 EPS) versus $3.7 million ($0.42 EPS) in Q2 2025—an 92% year-over-year decline. Net interest margin compressed to 2.95% from 2.83% YoY, while efficiency ratio deteriorated to 101.3% from 78.0%. Total assets fell $70.5 million (3.2%) to $2.12 billion YoY; loans declined $50.1 million (3.0%) to $1.60 billion. The company recorded a $337,000 recapture of loan loss provision and maintained well-capitalized status (13.4% risk-based capital).
Why this rating
Earnings collapse of 92% YoY is material; asset/loan contraction of 3% is meaningful for a $2.1B/$68.6M company. Deteriorating efficiency and compressed margins signal operational stress, but capital remains adequate and non-performing loans declined. Trajectory-threatening but not immediate solvency risk.
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