hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The filing is about the approval of an amended equity incentive plan, not a management change.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, or the Exchange Act , except as shall be expressly set forth by specific reference in such filing.

Executive Vice President and Chief Operating Officer — Geraldine L. Bullard: Ms. Bullard resigned to pursue other opportunities.

Director — Norman J. Tonina, Jr.: Mr. Tonina retired from the Boards of First Northwest Bancorp and its banking subsidiary, First Fed Bank.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act , except as shall be expressly set forth by specific reference in such filing.

CEO — Curt Queyrouze: The company appointed a new CEO from an external hire.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act , except as shall be expressly set forth by specific reference in such filing.

Director — Diane C. Davis: Election of Diane C. Davis as a Director.

President and Chief Executive Officer — Matthew P. Deines: Mr. Deines resigned as President and CEO with a severance package.

Changes in Registrant's Certifying Accountant (a) On June 3, 2025, First Northwest Bancorp, (the "Company") received notice that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, had consummated its merger with Baker Tilly US, LLP effective on June 3, 2025, and that the combined audit practices will operate as Baker Tilly US, LLP ("Baker Tilly"). In connection with the consummation of the merger, Moss Adams ceased to serve as the Company's independent…

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act , except as shall be expressly set forth by specific reference in such filing.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act , except as shall be expressly set forth by specific reference in such filing.

Other Events On April 24, 2025, the Company announced in its earnings release that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of common stock, payable on May 23, 2025, to shareholders of record as of the close of business on May 9, 2025.

Executive Vice President and Chief Financial Officer / Treasurer — Phyllis Nomura: Ms. Phyllis Nomura was promoted to Executive Vice President and Chief Financial Officer / Treasurer.

Director — Johanna A. Bartee: Ms. Bartee was appointed as a new Director to fill the vacancy left by Craig Curtis' departure.

Other Events On January 29, 2025, the Company announced in its earnings release that its Board of Directors has declared a quarterly cash dividend of $0.07 per share of common stock, payable on February 28, 2025, to shareholders of record as of the close of business on February 14, 2025.

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.

Director — Craig Curtis: Mr. Curtis resigned from the Boards of Directors effective December 31, 2024.

President and Chief Executive Officer — Matthew P. Deines: Mr. Deines entered into a new employment agreement to continue serving as President and Chief Executive Officer with updated terms.

hereof and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Other Events Regulatory Proceedings Update First Fed Bank (the “Bank”), the wholly owned subsidiary of First Northwest Bancorp (the "Company"), announced that on October 23, 2024, the Federal Deposit Insurance Corporation terminated the Consent Order issued to the Bank that was effective November 21, 2023. The termination of the Consent Order follows the Bank’s successful resolution of the deficiencies in the Bank’s compliance program that was the subject of the Order. Dividend Announcement T…

Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review On October 21, 2024, the Audit Committee of the Board of Directors (the "Audit Committee") of the Company, based on the recommendation of, and after consultation with, the Company’s management and independent registered public accounting firm, concluded that the Company’s previously issued unaudited consolidated financial statements as of and for the three and six month periods ended J…

hereof and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.