Port Angeles, WA · Cert 28405 · First Northwest Bcorp
State charter, non-member · FDIC · 14 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Banks $1B-$10B in assets (n=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
31
Asset Quality
29
Profitability
8
Liquidity
11
Efficiency
2
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Port Angeles, WA · Cert 28405 · First Northwest Bcorp
State charter, non-member · FDIC · 14 branches
Q2 2026
Market Position · Bellingham, WA · 2026 SOD (annual) · 2.8% share · #12 of 14 inst. · $0.1B of $5.1B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -0.14% | -0.14% | -1.65% | -0.42% | -0.18% | -0.10% | 0.15% | 0.20% | +62 bps | |
| Return on Equity | -1.69% | -1.73% | -20.60% | -5.30% | -2.25% | -1.19% | 1.73% | 2.29% | +760 bps | |
| Net Interest Margin | 2.61% | 2.62% | 2.61% | 2.66% | 2.74% | 2.84% | 2.89% | 2.89% | +22 bps | |
| Efficiency Ratio | 79.21% | 79.11% | 113.93% | 93.41% | 95.10% | 93.13% | 95.55% | 94.71% | +130 bps | |
| Non-Interest Burden | 1.91% | 1.93% | 3.05% | 2.46% | 2.58% | 2.61% | 2.74% | 2.71% | +25 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.11% | 1.68% | -2.79% | -0.91% | -6.27% | -5.82% | -1.98% | -3.43% | -252 bps | |
| Loan Growth (YoY) | 6.24% | 2.13% | -2.90% | -1.77% | -6.14% | -3.66% | -1.64% | -2.98% | -120 bps | |
| Deposit Growth (YoY) | 3.19% | 0.63% | -0.04% | -3.17% | -2.96% | -5.25% | -3.76% | -2.70% | +47 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.75% | 1.80% | 1.23% | 1.23% | 0.83% | 1.39% | 1.33% | 1.28% | +6 bps | |
| Net Charge-Offs / Loans | 0.65% | 0.81% | 1.85% | 1.15% | 0.91% | 0.66% | 0.04% | 0.04% | -111 bps | |
| Allowance / Loans | 1.27% | 1.21% | 1.24% | 1.10% | 1.00% | 1.04% | 1.03% | 1.01% | -9 bps | |
| Allowance Coverage of NPLs | 0.7x | 0.7x | 1.0x | 0.9x | 1.2x | 0.8x | 0.8x | 0.8x | -0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.38% | 9.39% | 9.04% | 9.13% | 9.32% | 9.51% | 9.59% | 9.64% | +50 bps | |
| Total Risk-Based Capital | 13.44% | 13.61% | 13.35% | 13.13% | 13.65% | 13.55% | 13.53% | 13.44% | +32 bps | |
| Equity / Assets | 8.16% | 8.05% | 7.93% | 7.92% | 8.49% | 8.59% | 8.48% | 8.59% | +67 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 100.81% | 99.96% | 99.08% | 100.32% | 97.51% | 101.64% | 101.27% | 100.04% | -29 bps | |
| Liquid Assets / Assets | 2.89% | 2.51% | 2.38% | 3.18% | 3.02% | 2.99% | 3.83% | 3.67% | +49 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 377% | 374% | 368% | n/a | n/a | |
Port Angeles, WA · Cert 28405 · Peer group: banks $1B-$10B in assets (n=322-328) · First Northwest Bcorp
State charter, non-member · FDIC · 14 branches
Q2 2026
Return on Assets
0.20%
Rank 319 of 328
Net Interest Margin
2.89%
Rank 268 of 328
Efficiency Ratio
94.71%
Rank 324 of 328
Equity / Assets
8.59%
Rank 282 of 328
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.20% | 0.91% | 1.22% | 1.52% | Beats 3% | 319 / 328 | ||
| Return on Equity | 2.28% | 8.43% | 11.45% | 14.43% | Beats 3% | 318 / 328 | ||
| Net Interest Margin | 2.89% | 3.03% | 3.45% | 3.83% | Beats 18% | 268 / 328 | ||
| Efficiency Ratio | 94.71% | 51.61% | 59.56% | 67.53% | Beats 2% | 324 / 328 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 1.28% | 0.24% | 0.51% | 1.03% | Beats 20% | 260 / 322 | ||
| Net Charge-Offs / Loans | 0.06% | 0.01% | 0.03% | 0.10% | Beats 37% | 204 / 322 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 12.40% | 11.75% | 13.15% | 15.47% | Beats 38% | 203 / 328 | ||
| Total Risk-Based Capital Ratio | 13.44% | 12.63% | 14.15% | 16.46% | Beats 41% | 195 / 328 | ||
| Equity / Assets | 8.59% | 9.15% | 10.33% | 12.01% | Beats 14% | 282 / 328 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 100.04% | 76.63% | 87.92% | 95.36% | 86th pctl | 46 / 323 | ||
| Loans / Assets | 76.66% | 65.18% | 74.15% | 79.98% | 62nd pctl | 126 / 328 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||