PORT ANGELES, Wash., July 27, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB)

CEO Commentary

“Our commercial bank shined this quarter as loan growth combined with increasing yields and stable deposit costs to drive increases in net interest income and net interest margin,” said Matthew P. Deines, President and CEO of First Northwest Bancorp. “Expenses were impacted by investments in our fintech initiatives and partnerships, which we expect to moderate in the coming quarters. We are also pleased to have been recognized as one of the Top 100 Best Workplaces in Washington by Puget Sound Business Journal for the second year in a row.”