First Northwest Bancorp Reaches Settlement Agreement

First Northwest Bancorp ( (FNWB) ) has issued an update.

On August 27, 2024, involuntary bankruptcy proceedings were initiated against several borrowers of First Fed Bank, including Creative Technologies, LLC, Water Station Management, LLC, and Refreshing USA, LLC. Subsequently, on September 5, 2024, Ideal Property Investments LLC filed for voluntary bankruptcy. On November 8, 2024, Ideal initiated an adversary proceeding against the Bank. To resolve these issues, a Settlement Agreement was reached on July 17, 2025, involving the Bank, the Debtors, and the Joint Official Committee of Unsecured Creditors. As part of the agreement, the Bank agreed to release certain liens and make cash payments ranging from $2.87 million to $5.74 million, depending on creditor participation. The Bank had reserved $5.8 million for this matter and plans to seek reimbursement from its insurance carriers.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

Spark’s Take on FNWB Stock

According to Spark, TipRanks’ AI Analyst, FNWB is a Neutral.

First Northwest Bancorp’s overall stock score reflects significant financial and technical challenges. The negative technical indicators and valuation concerns weigh heavily on the score. While the profit turnaround is a positive development, the lawsuit introduces substantial risk, keeping the overall score low.

To see Spark’s full report on FNWB stock, click here.

More about First Northwest Bancorp

First Northwest Bancorp operates in the financial services industry, primarily offering banking services through its subsidiary, First Fed Bank.

Average Trading Volume: 25,951

Technical Sentiment Signal: Sell

Current Market Cap: $75.24M

See more insights into FNWB stock on TipRanks’ Stock Analysis page.