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First Northwest Bancorp (First Northwest Bancorp) Net Interest Margin (Bank Only) % : 2.76% (As of Mar. 2024)


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What is First Northwest Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. First Northwest Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $54.58 Mil. First Northwest Bancorp's average earning assets for the quarter that ended in Mar. 2024 was $1,979.31 Mil. Therefore, First Northwest Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 2.76%.


First Northwest Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for First Northwest Bancorp's Net Interest Margin (Bank Only) % 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.

* Premium members only.

First Northwest Bancorp Net Interest Margin (Bank Only) % Chart

First Northwest Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 3.23 3.63 3.90 3.19

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
Net Interest Margin (Bank Only) % 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 3.44 3.29 3.04 2.88 2.76

Competitive Comparison of First Northwest Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, First Northwest Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % 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 Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Northwest Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where First Northwest Bancorp's Net Interest Margin (Bank Only) % falls into.



First Northwest Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

First Northwest Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=60.552/( (1858.601 + 1938.894)/ 2 )
=60.552/1898.7475
=3.19 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1532.032 + 326.569
=1858.601

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1643.271 + 295.623
=1938.894

First Northwest Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=54.584/( (1938.894 + 2019.717)/ 2 )
=54.584/1979.3055
=2.76 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1643.271 + 295.623
=1938.894

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1693.762 + 325.955
=2019.717

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


First Northwest Bancorp  (NAS:FNWB) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


First Northwest Bancorp Net Interest Margin (Bank Only) % 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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