---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-032157"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:02:03.998985+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-032157
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774924032157/0001437749-24-032157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774924032157/fnwb20241025_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-032157
- JSON: https://secwatch.observer/filing/0001437749-24-032157.json
- Plain text: https://secwatch.observer/filing/0001437749-24-032157.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.