First Northwest restates Q2 2024 results; adds $6.6M charge-offs, identifies material weakness

First Northwest Bancorp

Restatement adds $6.6M in charge-offs across commercial and consumer loans; total restated provision $8.7M.
Net loss of $2.2M ($0.25 diluted EPS) for Q2 2024 versus prior net income of $1.8M in Q2 2023.
Material weakness in internal control over financial reporting identified as of June 30, 2024.
CEO announces reduction in force expected to positively impact earnings in H2 2024 and 2025.
Dividend maintained at $0.07 per share, payable Aug 23, 2024 to record holders Aug 9, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.