Exhibit 99.1 "In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bankowned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares," commented Matthew P. Deines, President and CEO. "As a result, ...

Company Overview - First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company involved in investment activities, primarily through its subsidiary, First Fed Bank, which focuses on small businesses and has been operational since 1923 [2] - First Fed Bank operates 18 locations in Washington state, including 12 full-service branches, and aims to build sustainable earnings by offering a comprehensive range of financial products and services [2] - The company emphasizes strategic partnerships with fintech firms to enhance digital financial solutions for a broader customer base and has made minority investments in fintech companies, including Meriwether Group in 2022 [2] Board of Directors - Jennifer Zaccardo retired from the Boards of Directors of First Northwest Bancorp and First Fed Bank effective July 2, 2024, after serving 13 years on the First Fed Board and 9 years on the FNWB Board [7][10] - Zaccardo expressed pride in the achievements of the institution and confidence in its future success, highlighting the bank's recognition as a Best Workplace and top Corporate Philanthropist in 2023 [8] - The Nominating and Corporate Governance Committee is actively recruiting new board members to ensure diversity and appropriate skills for the board [4]

Core Viewpoint - First Fed Bank has promoted Kyle Henderson to Chief Credit Officer, succeeding Terry Anderson, who has retired after six years in the role [1][5]. Group 1: Leadership Transition - Kyle Henderson has been with First Fed since 2023 as Deputy Chief Credit Officer and is expected to ensure a smooth transition in credit administration leadership [1][2]. - Henderson has 16 years of experience in credit administration and financial services, previously serving as EVP of Credit for FirstBank in Denver, Colorado [3]. Group 2: Company Background - First Northwest Bancorp (FNWB) is a financial holding company that operates First Fed Bank, focusing on small business and community banking since 1923 [5]. - First Fed Bank has 18 locations in Washington state, including 12 full-service branches, and aims to build sustainable earnings through a full array of financial products and services [5]. Group 3: Community Engagement and Recognition - First Fed Bank has been recognized as a top Corporate Philanthropist in 2024 and has received multiple awards for being the best bank in various categories [6].

"As a community bank, First Fed is an essential partner for many local businesses, families, and individuals. I'm honored to continue supporting our customers while balancing risk to ensure our bank's long-term stability and sustainable growth," said Henderson. "Terry has been a steadfast leader over the past six years. He will always be part of the First Fed family. We wish Terry well in his next chapter of life," said Deines. First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in ...

Table of Contents 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, 2024 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: 001-36741 FIRST NORTHWEST BANCORP | (Exact name of registrant as specified in its charter) | | | --- | --- | | W ...

Exhibit 99.1 PORT ANGELES, Wash., April 25, 2024 (GLOBE NEWSWIRE) First Northwest Bancorp Reports First Quarter 2024 Financial Results "The company returned to profitability in Q1 2024 following the first step of our balance sheet restructure in the fourth quarter of 2023," said Matthew P. Deines, President and CEO. "We continue to execute on this strategy as we added over $90 million in current market rate loans and securities over the course of the first quarter. We will continue this strategy in the seco ...

PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives. David Edelstein has been hired as Chief Innovation Officer, and will lead digital banking, technology, data, and fintech partnerships.  Edelstein brings more than 25 years of leadership experience in financial services and technology. "David is a skilled technology leader with significant knowledge and expertise in data, digital bankin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission File Number: 001-36741 FIRST NORTHWEST BANCORP (Exact name of registrant as specified in its charter) Washington 46-1259100 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I.D. Number) 105 West 8th Street, Port Angeles, Washington 98362 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (360) 457-0461 Securities registered pursuant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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: 001-36741 FIRST NORTHWEST BANCORP | (Exact name of registrant as specified in its charter) | | | --- | --- | ...

Table of Contents 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, 2023 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting comp ...