Banking
First Northwest Bancorp Executive Compensation (FY25)
FNWB · Executive and director compensation, fiscal 2024 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
175 figures on this page: 164 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Matthew Deines → Curt Queyrouze
Say-on-pay support: 80.0% → 90.4% (10.4 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is First Northwest Bancorp's chief executive and what were they paid?
Curt Queyrouze was paid $631,886 in total compensation as President and Chief Executive Officer for fiscal 2025.
What was First Northwest Bancorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 90.4% of votes cast for or against in favor at the meeting held May 19, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Matthew Deines President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Derek Brown Former Executive Vice President, Chief Human Resources and Marketing Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Neros Executive Vice President, Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Geraldine Bullard Executive Vice President, Chief Financial Officer and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Matthew Deines Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Geraldine Bullard Former Executive Vice President, Interim Chief Executive Officer and Chief Operating Officer Departed during or after this year Served on an interim basis | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Curt Queyrouze President and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Christopher Riffle Former Executive Vice President, Chief Strategy Officer / General Counsel Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
David Edelstein Executive Vice President, Chief Innovation Officer | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Kyle Henderson Executive Vice President, Chief Credit Officer | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Curt T. Queyrouze | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| David B. Edelstein | PSA | ◇ | — | ◇ | — | — | — | — |
| David B. Edelstein | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Geraldine L. Bullard | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Kyle D. Henderson | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Kyle D. Henderson | PSA | ◇ | — | ◇ | — | — | — | — |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Curt Queyrouze | RSU | ◇ | ◇ | — | — |
| David Edelstein | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Geraldine Bullard | RSU | ◇ | ◇ | — | — |
| Kyle Henderson | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Cindy H. Finnie | ◇ | ◇ | — | — | — | ◇ | ◇ |
Johanna A. Bartee | ◇ | ◇ | — | — | — | — | ◇ |
Sean P. Brennan | ◇ | ◇ | — | — | — | ◇ | ◇ |
Sherilyn G. Anderson | ◇ | ◇ | — | — | — | ◇ | ◇ |
Norman J. Tonina, Jr | ◇ | ◇ | — | — | — | ◇ | ◇ |
Gabriel S. Galanda | ◇ | ◇ | — | — | — | ◇ | ◇ |
Lynn A. Terwoerds | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dana D. Behar | ◇ | ◇ | — | — | — | ◇ | ◇ |
Diane C. Davis | ◇ | ◇ | — | — | — | — | ◇ |
Curt T. Queyrouze and Matthew P. Deines served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Restricted Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 19, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 30, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 23, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 25, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 5, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 7, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 8, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | November 7, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | November 8, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact First Northwest Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
175 figures on this page: 164 cited to the filing that reported them, 11 calculated from figures it prints.
164 cited to the filing
11 calculated from the filing
Documents cited
- 0001437749-26-018147Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-26-011851BENEFICIAL OWNERSHIP BY DIRECTORS AND NAMED EXECUTIVE OFFICERS · DIRECTOR COMPENSATION · Director Compensation · EXECUTIVE COMPENSATION & · and 2 more sections
- 0001437749-25-018193Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-25-011412SUMMARY COMPENSATION TABLE
- 0001437749-24-018991Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-23-015752Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-22-013849Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001437749-21-013456Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001556727-20-000062Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001556727-19-000028Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-18-000253Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-17-000476Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-16-001083Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “First Northwest Bancorp executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/FNWB (accessed 2026).
Short form: data: Velarion
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}