First Northwest Bancorp Management

Management criteria checks 4/4

First Northwest Bancorp's CEO is Matt Deines, appointed in Dec 2018, has a tenure of 5.92 years. total yearly compensation is $598.64K, comprised of 82.6% salary and 17.4% bonuses, including company stock and options. directly owns 1.33% of the company’s shares, worth €1.10M. The average tenure of the management team and the board of directors is 5.3 years and 4.9 years respectively.

Key information

Matt Deines

Chief executive officer

US$598.6k

Total compensation

CEO salary percentage	82.6%
CEO tenure	5.9yrs
CEO ownership	1.3%
Management average tenure	5.3yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Matt Deines's remuneration changed compared to First Northwest Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$9m
Jun 30 2024	n/a	n/a	-US$5m
Mar 31 2024	n/a	n/a	-US$838k
Dec 31 2023	US$599k	US$494k	US$2m
Sep 30 2023	n/a	n/a	US$14m
Jun 30 2023	n/a	n/a	US$16m
Mar 31 2023	n/a	n/a	US$16m
Dec 31 2022	US$721k	US$447k	US$16m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$14m
Mar 31 2022	n/a	n/a	US$15m
Dec 31 2021	US$787k	US$364k	US$15m
Sep 30 2021	n/a	n/a	US$13m
Jun 30 2021	n/a	n/a	US$13m
Mar 31 2021	n/a	n/a	US$12m
Dec 31 2020	US$746k	US$335k	US$10m
Sep 30 2020	n/a	n/a	US$9m
Jun 30 2020	n/a	n/a	US$8m
Mar 31 2020	n/a	n/a	US$8m
Dec 31 2019	US$649k	US$168k	US$9m

Compensation vs Market: Matt's total compensation ($USD598.64K) is about average for companies of similar size in the German market ($USD492.53K).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.

CEO

Matt Deines (51 yo)

5.9yrs

Tenure

US$598,644

Compensation

Mr. Matthew P. Deines, also known as Matt, was elected President and Chief Executive Officer of First Fed Bank on August 1, 2019. He serves as President, CEO and Director at First Northwest Bancorp (former...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Deines	President	5.9yrs	US$598.64k	1.33% € 1.1m
Christopher Riffle	Chief Strategy Officer & General Counsel	7.2yrs	US$380.22k	0.45% € 367.9k
Christopher Neros	Executive VP & Chief Banking Officer - First Fed Bank	no data	US$396.79k	0.14% € 118.2k
Geraldine Bullard	Executive VP	4.7yrs	US$410.27k	0.32% € 260.4k
Derek Brown	Chief Human Resource Officer	no data	no data	0.41% € 339.1k
David Edelstein	Chief Innovation Officer	less than a year	no data	0.085% € 70.2k
Kyle Henderson	Chief Credit Officer	no data	no data	0.033% € 27.0k
Allison Mahaney	SVP, General Counsel & Corporate Secretary	no data	no data	no data
Benjamin Spicer	VP & Human Resources Manager - First Federal Savings and Loan Association of Port Angeles	no data	no data	no data

5.3yrs

Average Tenure

52yo

Average Age

Experienced Management: 45I's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Deines	President	4.9yrs	US$598.64k	1.33% € 1.1m
Sean Brennan	Director	less than a year	no data	0.081% € 66.5k
Cindy Hill-Finnie	Independent Chairman of the board	12.8yrs	US$86.33k	0.42% € 346.8k
Dana Behar	Independent Director	9yrs	US$68.03k	1.54% € 1.3m
Norman Tonina	Independent Director	11.1yrs	US$72.10k	0.40% € 330.7k
Craig Curtis	Independent Director	10.8yrs	US$67.69k	0.32% € 260.4k
Sherilyn Anderson	Independent Vice Chairman of Board	4.2yrs	US$74.10k	0.12% € 95.5k
Gabriel Galanda	Independent Director	3.2yrs	US$62.36k	0.078% € 63.8k
Lynn Terwoerds	Independent Director	1.8yrs	US$107.86k	0.10% € 82.8k

4.9yrs

Average Tenure

62yo

Average Age

Experienced Board: 45I's board of directors are considered experienced (4.9 years average tenure).

First Northwest Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

First Northwest Bancorp and First Fed Announce the Retirement of Jennifer Zaccardo from Boards of Directors

Independent Director recently bought €780k worth of stock

First Northwest Bancorp, Annual General Meeting, May 30, 2024

Chief Digital Officer & General Counsel recently sold €71k worth of stock

Independent Director recently bought €194k worth of stock

First Fed Bank Appoints Lynn Terwoerds to Board of Directors

Recent updates

Second quarter 2024 earnings released: US$0.25 loss per share (vs US$0.20 profit in 2Q 2023)

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on November 22, 2024

New major risk - Revenue and earnings growth

Second quarter dividend of US$0.07 announced

Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.20 in 2Q 2023)

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on August 23, 2024

First Northwest Bancorp and First Fed Announce the Retirement of Jennifer Zaccardo from Boards of Directors

Independent Director recently bought €780k worth of stock

First quarter dividend of US$0.07 announced

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on May 24, 2024

First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.39 in 1Q 2023)

First Northwest Bancorp, Annual General Meeting, May 30, 2024

New minor risk - Market cap size

Investor sentiment deteriorates as stock falls 21%

Full year 2023 earnings released: EPS: US$0.26 (vs US$1.71 in FY 2022)

Upcoming dividend of US$0.07 per share at 1.9% yield

Fourth quarter dividend of US$0.07 announced

Full year 2023 earnings released: EPS: US$0.26 (vs US$1.71 in FY 2022)

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on February 23, 2024

Chief Digital Officer & General Counsel recently sold €71k worth of stock

Upcoming dividend of US$0.07 per share at 2.2% yield

First Northwest Bancorp to Report Q3, 2023 Results on Oct 26, 2023

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.47 in 3Q 2022)

Now 20% undervalued

Upcoming dividend of US$0.07 per share at 2.1% yield

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.27 in 2Q 2022)

Now 20% undervalued after recent price drop

Independent Director recently bought €194k worth of stock

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.07 per share at 2.6% yield

Full year 2022 earnings released: EPS: US$1.71 (vs US$1.63 in FY 2021)

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.07 per share at 1.9% yield

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on February 24, 2023

Full year 2022 earnings released: EPS: US$1.71 (vs US$1.63 in FY 2021)

First Fed Bank Appoints Lynn Terwoerds to Board of Directors

Upcoming dividend of US$0.07 per share

Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.46 in 3Q 2021)

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on November 25, 2022

Upcoming dividend of US$0.07 per share

Second quarter 2022 earnings released: EPS: US$0.27 (vs US$0.33 in 2Q 2021)

First Northwest Bancorp Declares Quarterly Cash Dividend, Payable on August 26, 2022

First Northwest Bancorp Announces the Resignation of Kelly A. Liske, Chief Banking Officer, Effective June 30, 2022

Now 20% undervalued after recent price drop

First Northwest Bancorp Declares Quarterly Dividend, Payable on May 27, 2022

First quarter 2022 earnings released: EPS: US$0.30 (vs US$0.34 in 1Q 2021)

First Northwest Bancorp, Annual General Meeting, May 24, 2022

Upcoming dividend of US$0.07 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.07 per share

Third quarter 2021 earnings released: EPS US$0.46 (vs US$0.40 in 3Q 2020)

Upcoming dividend of US$0.06 per share

Second quarter 2021 earnings released: EPS US$0.33 (vs US$0.21 in 2Q 2020)

First Northwest Bancorp(NasdaqGM:FNWB) dropped from Russell 3000E Value Index

First quarter 2021 earnings released: EPS US$0.34 (vs US$0.091 in 1Q 2020)

Upcoming dividend of US$0.06 per share

First quarter 2021 earnings released: EPS US$0.34 (vs US$0.091 in 1Q 2020)

First Northwest Bancorp Declares Quarterly Dividend, Payable on May 28, 2021

First Northwest Bancorp announced that it has received $40 million in funding

Full year 2020 earnings released: EPS US$1.11 (vs US$0.92 in FY 2019)

New 90-day high: €14.28

Full year 2020 earnings released: EPS US$1.11 (vs US$0.92 in FY 2019)

New 90-day high: €13.87

First Northwest Bancorp Appoints Jennifer Bolton as Senior Vice President, Sr. Director – Digital Marketing

New 90-day high: €11.74

Third quarter 2020 earnings released: EPS US$0.40

Upcoming Dividend of US$0.06 Per Share

Third quarter earnings released

New 90-day low: €8.07