First Northwest Bancorp settles bankruptcy adversary proceeding; to pay $2.87M-$5.74M

First Northwest Bancorp

Bank entered Settlement Agreement on July 17, 2025 to resolve adversary proceeding related to OpCo Debtors and Ideal Property.
Bank will release certain liens and make cash payments of $2.87M to $5.74M, depending on creditor participation in release.
Bank reserved $5.8M in Q1 2025 as noninterest expense for this matter and intends to seek insurance reimbursement.
Settlement eliminates risks, costs, and distraction associated with the Adversary Proceeding for the Bank and Company.

item 8.01

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