 PORT ANGELES, Wash., July 28, 2021 GLOBE NEWSWIRE -- First Northwest Bancorp Nasdaq: FNWB Company, the holding company for First Federal Savings and Loan Association of Port Angeles Bank or First Fed, today reported net income of 3.0 million, or 0.32 per diluted share, for the second quarter of 2021, an increase of 51.6 compared to 2.0 million, or 0.21 per diluted share, for the second quarter a year ago, and a decrease of 4.0 compared to 3.1 million, or 0.34 per diluted share, for the first quarter of 2021. Second quarter results reflect strong year-over-year revenue generation, solid core deposit and loan growth, and excellent credit quality. The decrease from the prior period was primarily due to lower gains on sale of one- to four-family mortgages and increased compensation expense, partially offset by increased net interest income and a lower provision for loan losses. For the first six months of 2021, net income was 6.1 million, or 0.66 per diluted share, an increase of 114.7 compared to 2.8 million, or 0.30 per diluted share, for the first six months of 2020. 