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First Northwest Bancorp (First Northwest Bancorp) Effective Interest Rate on Debt % : 15.60% (As of Dec. 2023)


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What is First Northwest Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. First Northwest Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $48.46 Mil. First Northwest Bancorp's average total debt for the quarter that ended in Dec. 2023 was $310.68 Mil. Therefore, First Northwest Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.60%.


First Northwest Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for First Northwest Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Northwest Bancorp Effective Interest Rate on Debt % Chart

First Northwest Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.18 6.93 4.69 5.20 13.02

First Northwest Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.40 11.12 14.42 15.60 15.48

Competitive Comparison of First Northwest Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Northwest Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Northwest Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Northwest Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Northwest Bancorp's Effective Interest Rate on Debt % falls into.



First Northwest Bancorp Effective Interest Rate on Debt % Calculation

First Northwest Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -39.467/( (285.358+320.936)/ 2 )
=-1  *  -39.467/303.147
=13.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.358 + 166
=285.358

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.436 + 201.5
=320.936

First Northwest Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -48.456/( (300.416+320.936)/ 2 )
=-1  *  -48.456/310.676
=15.60 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=300.416 + 0
=300.416

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.436 + 201.5
=320.936

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Northwest Bancorp  (NAS:FNWB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


First Northwest Bancorp Effective Interest Rate on Debt % Related Terms

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First Northwest Bancorp (First Northwest Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
105 West 8th Street, Port Angeles, WA, USA, 98362
First Northwest Bancorp is a bank holding company and a financial holding company and is engaged in banking activities through its wholly owned subsidiary, First Fed Bank, as well as certain non-banking financial activities. It includes deposit and lending transactions that are supplemented with other borrowing and investing activities. The bank's principal lending activities are focused on first lien one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans (including lot loans), commercial business loans and consumer loans. Geographically all the operations are functioned through the regions of Washington, US.
Executives
Christopher J Riffle officer: Executive VP, COO, GC 105 W. 8TH STREET, PORT ANGELES WA 98362
Dana D. Behar director 105 W. EIGHTH STREET, PORT ANGELES WA 98362
Matthew Deines officer: President & CEO C/O FIRST NORTHWEST BANCORP, 105 W. 8TH STREET, PORT ANGELES WA 98362
Tonina Norman J. Jr. director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Terry A Anderson officer: EVP/CCO 105 W. 8TH STREET, PORT ANGELES WA 98362
Lynn Terwoerds director 105 WEST 8TH ST, PORT ANGELES WA 98362
Geraldine L. Bullard officer: EVP/CFO/Principal Acc't Off. 105 W. 8TH STREET, PORT ANGELES WA 98362
Cindy H. Finnie director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Christopher Wade Neros officer: EVP, Chief Lending Officer 105 W 8TH STREET, PORT ANGELES WA 98362
Gabriel Steven Galanda director 105 W. 8TH STREET, PORT ANGELES WA 98362
Sherilyn G Anderson director 105 W. 8TH STREET, PORT ANGELES WA 98362
David T. Flodstrom director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Craig Alan Curtis director 105 WEST 8TH STREET, PORT ANGELES WA 98362
Randy T. Riffle officer: EVP/Chief Lending Officer 105 W. 8TH STREET, PORT ANGELES WA 98362
Derek J Brown officer: EVP, Chief HR/Marketing Off. 105 W. 8TH STREET, PORT ANGELES WA 98362

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