What is First Northwest Bancorp Financial Strength?
First Northwest Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
First Northwest Bancorp displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate First Northwest Bancorp's interest coverage with the available data.
First Northwest Bancorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 7.12.
Altman Z-Score does not apply to banks and insurance companies.
First Northwest Bancorp Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
First Northwest Bancorp's Interest Expense for the
months ended in Dec. 2023 was $-12.11 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $119.44 Mil.
First Northwest Bancorp's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
First Northwest Bancorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
First Northwest Bancorp (First Northwest Bancorp) Business Description
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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