UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) | --- | --- | |------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) Washington 26-0610707 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) Washington (State or other jurisdiction of incorporation or organization) (I.R.S. Emplo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) Washington 26-06 ...

July 2020 Joseph W. Kiley III, President & CEO Richard P. Jacobson, EVP, CFO & COO NASDAQ:FFNW Forward Looking Statement This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially f ...

Loan Modifications and COVID-19 Impact - The Bank has received 168 requests for loan modifications due to the COVID-19 pandemic, with modifications allowing borrowers to defer payments for three to six months[181]. - Total loans with pandemic modifications amounted to $81.1 million, representing 7.3% of total loans as of March 31, 2020[187]. - Modifications of loans as a percentage of total loans were 6.4% for one-to-four family residential loans and 2.7% for multifamily loans as of March 31, 2020[187]. - A provision for loan losses of $300,000 was recognized, primarily due to forecasted credit losses from the COVID-19 pandemic[242]. Financial Performance - Net income for the three months ended March 31, 2020, was $1.7 million, or $0.17 per diluted share, compared to $1.9 million, or $0.19 per diluted share for the same period in 2019[229]. - Net interest income decreased by $188,000 to $9.7 million for the three months ended March 31, 2020, from $9.9 million for the same period in 2019[230]. - Noninterest income rose by $290,000 to $990,000 for the quarter ended March 31, 2020, with loan-related fees increasing by $329,000[245]. - Noninterest expense increased by $559,000 to $8,268,000, driven by increases in salaries and employee benefits, occupancy and equipment, and data processing services[246]. - The federal income tax provision decreased by $96,000 to $402,000, primarily due to a $357,000 decrease in pretax net income[249]. Asset and Loan Portfolio - Total assets decreased by 0.8% to $1.33 billion as of March 31, 2020, from $1.34 billion at December 31, 2019[187]. - Loans receivable decreased by $16.3 million to $1.1 billion, with loan originations of $38.7 million and $5.3 million in loan purchases[192]. - The total loan portfolio amounted to $1,105.959 million, with $371.253 million in one-to-four family residential loans and $169.468 million in multifamily loans[200]. - The allowance for loan and lease losses (ALLL) increased to $13.5 million, representing 1.22% of total loans receivable, up from 1.18% at December 31, 2019[202]. - Nonperforming assets increased by $2.1 million during the first three months of 2020, with total nonperforming assets at $2.649 million, representing 0.20% of total assets[210]. Deposits and Funding - Total deposits decreased by $33.6 million to $1.00 billion as of March 31, 2020, a 3.2% decline from $1.03 billion at December 31, 2019[218]. - Retail deposits increased by $35.5 million during the three months ended March 31, 2020, with money market accounts up by $19.7 million and retail certificates of deposit up by $12.6 million[218]. - The Bank's portfolio of brokered certificates of deposits decreased by $69.0 million to $25.5 million at March 31, 2020[219]. - Total FHLB advances increased by $22.3 million to $160.0 million at March 31, 2020, from $137.7 million at December 31, 2019[221]. Interest Rate and Risk Management - The Company's net interest margin decreased by 26 basis points due to a decline in yield on interest-earning assets outpacing the decline in cost of interest-bearing liabilities[236]. - The net interest margin decreased to 3.11% from 3.37% in the previous year[241]. - The income simulation model predicts a net interest income change of $38.891 million (2.78% increase) with a 300 basis point rise in interest rates, while a 100 basis point decrease would result in a $38.381 million (1.43% increase) change[283]. - The company monitors interest rate sensitivity quarterly, utilizing a third-party consultant with nearly 40 years of experience in asset-liability management[275]. - The company’s interest rate risk is a primary concern, as other risks like foreign currency exchange and commodity pricing do not typically arise in its operations[287]. Capital and Equity - Total stockholders' equity decreased by $3.2 million to $153.1 million at March 31, 2020, from $156.3 million at December 31, 2019[227]. - Stockholders' equity totaled $153.1 million, representing 11.5% of total assets, with a book value per share of common stock at $15.03 as of March 31, 2020[264]. - The Bank's capital conservation buffer was 6.67% as of March 31, 2020, exceeding all regulatory capital requirements[266]. Branch Expansion and Strategic Plans - The Bank has received FDIC approval to open a new branch in Gig Harbor, Washington, expected to open in the second half of 2020[171]. - The Bank plans to achieve SBA preferred lender status in 2020, enabling faster loan decisions and increased business loan originations[173].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) Washington 26-0610707 | --- | --- | |---------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-33652 FIRST FINANCIAL NORTHWEST, INC. (Exact name of registrant as specified in its charter) | --- | --- | |- ...