First Northwest swings to Q2 FY26 profit of $308,000; net interest margin narrows 8 basis points to 2.95% from Q1 FY26
FNWB•Margin and funding costs move lower
Net interest margin slipped 8 basis points to 2.95% from Q1, while total cost of funds rose 5 basis points to 2.42%.
- Customer deposits increased 0.7% to $1.55 billion from Q1.
- Brokered deposits fell 8.6% to $58.6 million.
First Northwest returns to profit in Q2 2026
First Northwest Bancorp posted Q2 2026 net income of $308,000, returning to profit from $3.7 million a year earlier.
- EPS was $0.03, compared with $0.42 in Q2 2025.
- Return on average assets narrowed to 0.06% from 0.68%.
Management outlines balance-sheet rebalancing
Curt Queyrouze said the bank is rebalancing away from commercial real estate, targeting efficiency gains beginning in late 2026 and through 2027.
