PRESS RELEASE
First Fed Employees Contribute 5,000 Volunteer Hours in 2025

Community commitment goes beyond corporate giving for 103-year old community bank

PORT ANGELES, Wash. – March 24, 2026 – Employees at First Northwest Bancorp (Nasdaq: FNWB) (“First Northwest”) and its wholly owned subsidiary First Fed Bank (“First Fed”) contributed nearly 5,000 volunteer hours to 161 nonprofit organizations in 2025. Over the past five years, First Fed has contributed more than 25,000 volunteer hours to hundreds of organizations across northwestern Washington, primarily in Clallam, Jefferson, Kitsap, King, Mason, Snohomish and Whatcom counties.

“First Fed is a community builder, and when we give time, energy and financial resources, we’re not giving back; we’re looking forward,” said Donya Alward, First Fed’s Vice President of Community Engagement. “For more than 100 years, First Fed’s community strategy has always been to support the vitality and quality of life. Now a few years into our second 100 years, we’re excited to explore how we can contribute even more.”

First Fed empowers all team members to become involved with causes they care about across the communities it serves, supporting them with paid volunteer time each year. In 2025, First Fed volunteers supported organizations across a wide range of causes, including youth sports, education, affordable housing, arts and culture, environmentalism and civic improvements. Volunteers also actively engage in board service for economic development organizations, chambers of commerce and other cause-focused nonprofits, and team members who contribute more than 100 volunteers in a calendar year are formally recognized through First Fed’s Club 100 program.

Key Volunteering Highlights in 2025

• Nearly 5,000 total volunteer hours (4,832 actual hours)
• 161 nonprofit organizations supported across seven counties
• 34 nonprofits across western Washington have a First Fed team member serving on their board of directors or equivalent
• 18 First Fed employees reached the Club 100 milestone of 100 or more volunteer hours
  

“Whether you’re contributing two hours or 200 hours, helping develop confidence in kids or helping develop civic institutions and vibrant spaces, we want our people out there,” continued Alward. “At First Fed, it’s about showing up, getting involved and strengthening the communities where we live and work.”

First Fed’s charitable giving reflects its century-long tradition of community partnership and local investment. Since 1923, the bank has continued to strengthen Washington’s communities through donations, volunteerism, and sustainable business practices.

About the Company

First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business of its subsidiary, First Fed Bank. First Fed is a Pacific Northwest-based financial institution which has served its customers and communities since 1923. Currently First Fed has 16 locations in Washington state including 11 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small businesses, non-profit organizations and commercial customers. First Northwest has also strategically invested in partnerships focused on developing modern financial solutions and a boutique investment banking/accelerator firm. These investments underscore the Company’s commitment to innovation and growth in the financial services sector. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB. The Company is headquartered in Port Angeles, Washington. For more information, visit https://www.ourfirstfed.com/

Forward-Looking Statements

Certain matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, projections of future performance of the Company and its executives and include, but are not limited to, statements about our plans, objectives, expectations and intentions that are not historical facts, and other statements often identified by words such as “believes,” “expects,” “anticipates,” “estimates,” or similar expressions. These forward-looking statements are based upon current management beliefs and expectations and may, therefore, involve risks and uncertainties, many of which are beyond our control. Our actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide variety of factors including, but not limited to: increased competitive pressures; changes in the interest rate environment; the credit risks of lending activities; pressures on liquidity, including as a result of withdrawals of deposits or declines in the value of our investment portfolio; changes in general economic conditions and conditions within the securities markets, including potential recessionary and other unfavorable conditions and trends relating to housing markets, costs of living, unemployment levels, interest rates, supply chain difficulties and inflationary pressures, among other things; legislative, regulatory, and policy changes; legal proceedings, regulatory investigations and their resolution; and other factors described in the Company’s latest Annual Report on Form 10-K under the section entitled “Risk Factors,” and other filings with the Securities and Exchange Commission (“SEC”), which are available on our website at www.ourfirstfed.com and on the SEC’s website at www.sec.gov.

Any of the forward-looking statements that we make in this press release and in the other public statements we make may turn out to be incorrect because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. Because of these and other uncertainties, our actual future results may be materially different from those expressed or implied in any forward-looking statements made by or on our behalf and the Company’s operating and stock price performance may be negatively affected. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for 2026 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us and could negatively affect the Company’s operations and stock price performance