 PORT ANGELES, Wash., April 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 that net income increased 257.6 to 3.1 million, or 0.34 per diluted share, for the first quarter of 2021, compared to 873,000, or 0.09 per diluted share, for the first quarter a year ago, and decreased compared to net income of 3.8 million, or 0.41 per diluted share, for the fourth quarter of 2020. First quarter results reflected strong year-over-year revenue growth, core deposit growth and net interest margin expansion. The decrease from the prior period was primarily due to lower gains on sale of one-to-four family mortgages and available for sale investments, partially offset by increased net interest income and a lower provision for loan losses. The Company also announced that its Board of Directors declared a regular quarterly cash dividend of 0.06 per common share outstanding, payable on May 28, 2021 to shareholders of record as of the close of business on May 14, 2021. 