First Northwest Bancorp (the "Corporation"), a Washington corporation, was organized for
the purpose of becoming the holding company for First Federal Savings and Loan
Association of Port Angeles (the “Bank” or “First Federal”), upon the Bank's conversion
from a mutual to a stock savings bank (“Conversion”). The Conversion was completed in
January 2015. The Corporation does not engage in any significant activity other than
holding the stock of the Bank. First Federal is a community-based savings bank primarily
serving Western Washington through its full-service banking offices which are located
within Clallam, Jefferson, Kitsap and Whatcom counties, Washington and a Home Lending
Center in King County, Washington. First Federal's business consists of attracting
deposits from the public and utilizing those deposits to originate loans.