Every material Form 8-K First Northwest Bancorp has filed with the SEC since July 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Northwest Bancorp reported a net loss of $743,000, or $0.08 per share, for the third quarter of 2026, compared with net income of $308,000 in the second quarter of 2026 and $802,000 in the third quarter of 2025. The company attributed the loss partly to a nonrecurring $1.3 million expense for settling a previously disclosed lawsuit and a higher provision for credit losses, and book value per share fell to $15.65 from $16.66 a quarter earlier.
Net loss of $743,000 ($0.08 per share) for Q3 2026, versus net income of $308,000 ($0.03 per share) in Q2 2026 and $802,000 ($0.09 per share) in Q3 2025
Noninterest expense included a nonrecurring $1.3 million legal settlement expense; the provision for credit losses was $739,000 versus a recapture of $540,000 in Q2 2026
Net interest margin rose to 2.96% from 2.95% in Q2 2026; nonperforming loans fell to $19.9 million from $20.7 million
Total shareholders' equity decreased to $148.8 million at September 30, 2026, from $158.3 million three months earlier
First Northwest Bancorp's subsidiary, First Fed Bank, agreed on September 15, 2026 to settle a lawsuit filed by Socotra REIT I, LLC, in exchange for a $1.3 million cash payment and dismissal of the complaint with prejudice. The company said resolving the dispute avoids the estimated costs and uncertainties of continued litigation, and the settlement does not admit liability.
Settlement Agreement & Mutual Release entered into on September 15, 2026
Bank to pay $1.3 million in cash within 30 days of the agreement
Complaint, filed October 17, 2025 in King County Superior Court, is to be dismissed with prejudice
Settlement is a compromise and does not constitute an admission of liability
First Northwest Bancorp reported second-quarter 2026 net income of $308,000, or $0.03 per share, up from $6,000 in the first quarter but down from $3.7 million, or $0.42 per share, a year earlier. Net interest margin narrowed to 2.95% from 3.03% in the prior quarter, and total assets fell to $2.12 billion, so shareholders see sequential profit recovery alongside a sharp year-over-year decline.
Net income was $308,000 for Q2 2026, compared with $6,000 in Q1 2026 and $3.7 million in Q2 2025.
Basic and diluted EPS were $0.03, compared with $0.00 in Q1 2026 and $0.42 in Q2 2025.
Net interest margin fell to 2.95% from 3.03% in Q1 2026; the efficiency ratio was 101.3%.
Customer deposits rose $11.3 million to $1.55 billion, while total assets fell $8.6 million to $2.12 billion at June 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every First Northwest Bancorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →