secwatch.observer — SEC 8-K summary
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Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K/A
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001437749-25-016128
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northwest Bancorp reports Q1 net loss $9.0M, $1.03 loss per share, $7.8M provision, $5.8M legal reserve
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- Net loss of $9.0M ($1.03 per share) vs net income of $396K ($0.04) in Q1 2024.
- Recorded $7.8M provision for credit losses, primarily due to $7.7M charge-offs on two commercial real estate loans.
- Recorded a $5.8M legal reserve in other expense related to a legal matter (see quarterly report).
- Core customer deposits grew $23.0M; brokered deposits decreased $45.0M.
- Quarterly dividend of $0.07 per share, payable May 23, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774925016128/0001437749-25-016128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774925016128/fnwb20250506_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016128

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