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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">As filed with the Securities and Exchange Commission on July 21, 2020</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: right;"><b>Registration No. 333- </b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">SECURITIES AND EXCHANGE COMMISSION</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">Washington, D.C. 20549</p>

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<b>FORM S-8</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</p>

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<b>FIRST NORTHWEST BANCORP</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>(Exact name of registrant as specified in its charter)</b></p>

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			<td style="width: 50%; text-align: center;">Washington</td>
			<td style="width: 50%; text-align: center;">46-1259100</td>
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			<td style="text-align: center;"><b>(State of incorporation)</b></td>
			<td style="text-align: center;"><b>(IRS Employer Identification No.)</b></td>
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			<td style="text-align: center;">&nbsp;</td>
			<td style="text-align: center;">&nbsp;</td>
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			<td style="text-align: center;">105 West 8<sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup> Street</td>
			<td style="text-align: center;">&nbsp;</td>
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			<td style="text-align: center;">Port Angeles, Washington&nbsp;</td>
			<td style="text-align: center;">98362</td>
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			<td style="text-align: center;"><b>(Address of principal executive offices)</b></td>
			<td style="text-align: center;"><b>(Zip Code)</b></td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PORT ANGELES 401(K) PLAN</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:7.2pt;margin-right:12.45pt;margin-top:0pt;text-align:center;"><b>(Full title of the plan)</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">Matthew P. Deines</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">President and Chief Executive Officer</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">First Northwest Bancorp</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">105 West 8<sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup> Street</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">Port Angeles, Washington 98362</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">Telephone: (360) 457-0461</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:7.2pt;margin-right:10.2pt;margin-top:0pt;text-align:center;"><b>(Name, address, and telephone number of agent for service)</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:7.2pt;margin-right:10.2pt;margin-top:0pt;text-align:center;"><b>Copies to:</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">Mary Ann Frantz</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">Miller Nash Graham &amp; Dunn LLP</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">111 SW Fifth Avenue, Suite 3400</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">Portland, Oregon 97204</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">Telephone (503) 224-5858</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule&nbsp;12b-2 of the Exchange Act.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>

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			<td style="width: 25%;">&nbsp;</td>
			<td style="width: 25%; text-align: center;">Large accelerated filer&nbsp; &#9744;</td>
			<td style="width: 25%; text-align: center;">Accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9746;</td>
			<td style="width: 25%;">&nbsp;</td>
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			<td>&nbsp;</td>
			<td style="text-align: center;">Non-accelerated filer&nbsp;&nbsp;&nbsp; &#9744;</td>
			<td style="text-align: center;">Smaller reporting company&nbsp;&nbsp; &#9746;</td>
			<td>&nbsp;</td>
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			<td>&nbsp;</td>
			<td>&nbsp;</td>
			<td style="text-align: center;">Emerging growth company&nbsp;&nbsp; &#9746;</td>
			<td>&nbsp;</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act. &#9746;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:7.2pt;margin-right:12.45pt;margin-top:0pt;text-align:center;"><b>CALCULATION OF REGISTRATION FEE</b></p>

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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;"><b>Title of<br>
			Securities to Be <u>Registered</u></b></p>
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			<td style="vertical-align: top; width: 19.6%; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;"><b>Amount to Be<br>
			<u>Registered</u></b></p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;"><b>Proposed Maximum Offering Price<br>
			<u>Per Share</u></b></p>
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			<td style="vertical-align: top; width: 20.9%; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;"><b>Proposed Maximum Aggregate<br>
			<u>Offering Price</u></b></p>
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			<td style="vertical-align: top; width: 20.3%; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;"><b>Amount of<br>
			<u>Registration Fee</u></b></p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;">Common Stock,<br>
			$0.01 par value (1)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;">100,000 shares</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;">$11.97 (2)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;">&nbsp;$1,197,000.00 (2)</p>
			</td>
			<td style="vertical-align: top; width: 20.3%; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0pt 5.25pt 0pt 0pt; text-align: center;">$155.37</p>
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			<td style="width:31pt;">&nbsp;</td>
			<td style="width:12pt;vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">1.</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Represents the maximum number of shares of common stock of First Northwest Bancorp (&#8220;Common Stock&#8221;) that may be offered and sold pursuant to the First Federal Savings and Loan Association of Port Angeles 401(k) Plan (the &#8220;Plan&#8221;) under this Registration Statement, together with an indeterminate number of shares of Common Stock that may be necessary to adjust the number of shares of Common Stock to be offered and sold pursuant to the Plan as a result of stock splits, dividends or similar transactions, pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</p>
			</td>
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			<td style="width:31pt;">&nbsp;</td>
			<td style="width:12pt;vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">2.</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Pursuant to Rule 416(c), this Registration Statement also registers an indeterminate amount of interests to be offered and sold pursuant to the Plan.</p>
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			<td style="width:31pt;">&nbsp;</td>
			<td style="width:12pt;vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">3.</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:36.45pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Pursuant to Rule&nbsp;457(h), the proposed maximum aggregate offering price and the registration fee have been computed based on the average of the high and low sales prices of the common stock reported on The Nasdaq Stock Market on July 16, 2020, $11.97.</p>
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">PART II</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 3. <u>Incorporation of Documents by Reference</u>.</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;">The following documents filed by the Registrant with the Securities and Exchange Commission are incorporated by reference in this registration statement:</p>

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			<td style="width: 9%;">&nbsp;</td>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">a.</p>
			</td>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">The Registrant's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2019.</p>
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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			<td style="width: 9%;">&nbsp;</td>
			<td style="width: 2%; vertical-align: top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">b.</p>
			</td>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">The First Federal Savings and Loan Association of Port Angeles 401(k) Plan&#8217;s Annual Report on Form&nbsp;11-K&nbsp;for the fiscal year ended June 30, 2019, filed on December 24, 2019;</p>
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			<td style="width: 9%;">&nbsp;</td>
			<td style="width: 2%; vertical-align: top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">c.</p>
			</td>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">The Registrant's Quarterly Report on Form&nbsp;10-Q for the quarter ended March&nbsp;31, 2020.</p>
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			<td style="width: 9%;">&nbsp;</td>
			<td style="width: 2%; vertical-align: top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.95pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">d.</p>
			</td>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.95pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">The Registrant's Current Reports on Form&nbsp;8-K filed on February 5, 2020, March&nbsp;17, 2020 (other than portion deemed furnished), April 14, 2020, April 30, 2020 (other than portion deemed furnished), May 4, 2020, May 6, 2020 (other than portion deemed furnished), June 24, 2020, and July 2, 2020.</p>
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			<td style="width: 9%;">&nbsp;</td>
			<td style="width: 2%; vertical-align: top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.95pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">e.</p>
			</td>
			<td style="vertical-align: top; width: 89%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.95pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">The description of the Registrant's Common Stock contained in Exhibit 4.1 to the Registrant's Annual Report on Form 10-K for the year ended December&nbsp;31, 2019.</p>
			</td>
		</tr>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14, or&nbsp;15(d) of the Securities Exchange Act of 1934, as amended, subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">Under no circumstances will any information furnished (but not filed) under Item 2.02 or 7.01 of any Current Report on Form&nbsp;8-K&nbsp;be deemed incorporated herein by reference unless such Form&nbsp;8-K&nbsp;expressly provides to the contrary.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 4. <u>Description of Securities</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">Not applicable.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 0pt;">Item 5. <u>Interests of Named Experts and Counsel</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">Not applicable.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 6. <u>Indemnification of Directors and Officers</u>.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">Indemnification</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">Section 23B.08.510 of the Washington Business Corporation Act (the "WBCA") authorizes Washington corporations to indemnify their officers and directors under certain circumstances against expenses and liabilities incurred in legal proceedings involving them as a result of their services as an officer or director. Section 23B.08.560 of the WBCA authorizes a corporation by provision in its articles of incorporation to agree to indemnify a director made party to a proceeding or obligate itself to advance or reimburse expenses incurred in a proceeding without regard to the limitations of Sections 23B.08.510 through 23B.08.550 of the WBCA, subject to certain limitations.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">As permitted by the WBCA, the Registrant's articles of incorporation provide that the Registrant shall indemnify any of its directors or officers who were or are a party or are threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal (including an action by or in the right of the Registrant, except):</p>

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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">&#9679;</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">acts or omissions of the director or officer in connection with a proceeding by or in the right of the Registrant in which the director or officer is finally adjudged liable to the Registrant;</p>
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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			<td style="width:39pt;">&nbsp;</td>
			<td style="width:10pt;vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">&#9679;</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">conduct of the director or officer finally adjudged to violate Section 23B.08.310 of the WBCA (relating to unlawful distributions); and</p>
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			<td style="width:39pt;">&nbsp;</td>
			<td style="width:10pt;vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">&#9679;</p>
			</td>
			<td style="vertical-align:top;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">any transaction with respect to which it was finally adjudged that such director or officer personally received a benefit in money, property or services to which the director or officer was not legally entitled.</p>
			</td>
		</tr>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 46.2pt; text-align: left; text-indent: -9pt;">Insurance</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 46.2pt; text-align: left; text-indent: -9pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt 0pt 46.2pt; text-align: left; text-indent: -9pt;">The Registrant maintains directors' and officers' liability insurance under which the Registrant's directors and officers are insured against loss (as defined) as a result of claims brought against them based upon their acts or omissions in such capacities, including civil liabilities under the Securities Act of 1933.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 7. <u>Exemption from Registration Claimed</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;">Not applicable.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 8. <u>Exhibits</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;">The following exhibits are filed with or incorporated by reference into this registration statement:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;"><u>Exhibit No.</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description of Document</u></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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			<td style="width: 15%; vertical-align: top;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin-right: 13.2pt; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-indent: 54pt;">4.1</p>
			</td>
			<td style="vertical-align: top; width: 85%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:13.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><a href="http://www.sec.gov/Archives/edgar/data/1556727/000155672719000018/exhibit31-fnwbx123118x10k.htm" style="-sec-extract:exhibit;">Articles of Incorporation of the Registrant. Incorporated by reference to Exhibit&nbsp;3.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2018.</a></p>
			</td>
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</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="width: 15%; vertical-align: top;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin-right: 13.2pt; margin-top: 0pt; text-align: left; margin-bottom: 0pt; font-size: 10pt; text-indent: 54pt;">4.2</p>
			</td>
			<td style="vertical-align: top; width: 85%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:13.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><a href="http://www.sec.gov/Archives/edgar/data/1556727/000155672719000018/exhibit32fnwbx123118x10k.htm" style="-sec-extract:exhibit;">Bylaws of the Registrant. Incorporated by reference to Exhibit&nbsp;3.2 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2018.</a></p>
			</td>
		</tr>

</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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		<tr>
			<td style="width: 15%; text-indent: 54pt;">4.3&nbsp;</td>
			<td style="width: 85%;"><a href="ex_193846.htm" style="-sec-extract:exhibit;">First Federal Savings and Loan Association of Port Angeles 401(k) Plan executed April 19, 2016, together with Amendment executed June 3, 2019.</a></td>
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</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

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			<td style="width: 15%; vertical-align: top;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin-right: 7.2pt; margin-top: 0pt; text-align: left; margin-bottom: 0pt; font-size: 10pt; text-indent: 54pt;">5</p>
			</td>
			<td style="vertical-align: top; width: 85%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><a href="ex_193847.htm" style="-sec-extract:exhibit;">IRS determination letter dated March 31, 2014 relating to the First Federal Savings and Loan Association of Port Angeles 401(k) Plan.</a></p>
			</td>
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</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="width: 15%; vertical-align: top;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin-right: 7.2pt; margin-top: 0pt; text-align: left; margin-bottom: 0pt; font-size: 10pt; text-indent: 54pt;">23.1</p>
			</td>
			<td style="vertical-align: top; width: 85%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><a href="ex_193844.htm" style="-sec-extract:exhibit;">Consent of Moss Adams LLP, Independent Registered Public Accounting Firm.</a></p>
			</td>
		</tr>

</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="width: 15%; vertical-align: top;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin-right: 7.2pt; margin-top: 0pt; text-align: left; margin-bottom: 0pt; font-size: 10pt; text-indent: 54pt;">24</p>
			</td>
			<td style="vertical-align: top; width: 85%;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:7.2pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><a href="ex_193845.htm" style="-sec-extract:exhibit;">Power of attorney of certain officers and directors.</a></p>
			</td>
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Item 9. <u>Undertakings</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 27pt;">(a)&nbsp; &nbsp; The undersigned registrant hereby undertakes:</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">(1)&nbsp; &nbsp; To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 72pt;">(i)&nbsp; &nbsp;&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933 ("Securities Act");</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 72pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 72pt;">(ii)&nbsp; &nbsp;To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 72pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 72pt;">(iii)&nbsp;&nbsp;To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Provided, however, that paragraphs&nbsp;(a)(1)(i) and&nbsp;(a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section&nbsp;13 or&nbsp;15(d) of the Securities Exchange Act of 1934 ("Exchange Act") that are incorporated by reference in the registration statement.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">(2)&nbsp; &nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">(3)&nbsp; &nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">(b)&nbsp; &nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">(h)&nbsp; &nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions described in Item 6 above, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 54pt;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:center;">SIGNATURES</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"><u>The Registrant</u>.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Port Angeles, state of Washington, on the 21<sup style="vertical-align:top;line-height:120%;font-size:pt">st</sup>&nbsp;day of July, 2020.</p>

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			<td style="width: 50%;">&nbsp;</td>
			<td style="width: 50%;">FIRST NORTHWEST BANCORP</td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td>&nbsp;</td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td>By&nbsp;&nbsp;&nbsp;<u>&nbsp; <i>/s/ Matthew P. Deines&nbsp;</i> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td style="text-indent: 18pt;">Matthew P. Deines</td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td style="text-indent: 18pt;">President and Chief Executive Officer</td>
		</tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: left; text-indent: 36pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 21<sup style="vertical-align:top;line-height:120%;font-size:pt">st</sup>&nbsp; day of July, 2020.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);">Signature</td>
			<td style="width: 5%; text-align: center;">&nbsp;</td>
			<td style="width: 15%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);">Title</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%;">(1)&nbsp; Principal Executive Officer and Director:&nbsp;</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;"><u>&nbsp; <i>/s/ Matthew P. Deines&nbsp;</i> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">President and Chief Executive Officer and Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">Matthew P. Deines</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 35%;">(2)&nbsp; &nbsp;Principal Financial and Accounting Officer:&nbsp;</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;"><u>&nbsp; <i>/s/ Geraldine Bullard&nbsp;&nbsp;</i>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</u></td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Executive Vice President and Chief Financial Officer</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">Geraldine Bullard</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 35%;">(3)&nbsp; &nbsp;A majority of the Board of Directors</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 35%; text-indent: 18pt;">*DANA D. BEHAR</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">*DAVID A. BLAKE</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">*CRAIG A. CURTIS</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 35%; text-indent: 18pt;">*CINDY H. FINNIE</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 35%; text-indent: 18pt;">*DAVID T. FLODSTROM</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">*STEPHEN E. OLIVER</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">*NORMAN J. TONINA, JR.</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">*JENNIFER ZACCARDO</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">Director</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%;">&nbsp;</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%;">By&nbsp;&nbsp;&nbsp;<u>&nbsp; <i>/s/ Matthew P. Deines&nbsp;</i> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">Matthew P. Deines</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 35%; text-indent: 18pt;">Attorney-in-Fact</td>
			<td style="width: 5%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
			<td style="width: 15%;">&nbsp;</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"><u>The Plan</u>.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;text-indent:24.5pt;">Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who administer the employee benefit plan) have duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Port Angeles, state of Washington, on July 21, 2020.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PORT ANGELES 401(k) PLAN</p>
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			<td>&nbsp;</td>
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			<td style="text-indent: 9pt;">By<i>&nbsp;&nbsp;&nbsp;</i><u><i>&nbsp; /s/ Geraldine Bullard&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</i></u></td>
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			<td style="text-indent: 27pt;">Geraldine Bullard</td>
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			<td>&nbsp;</td>
			<td>Executive Vice President and Chief Financial</td>
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			<td>Officer of First Federal Savings and Loan Association of Port Angeles, Plan Administrator</td>
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[{"type": "S-8", "sequence": "1", "filename": "fnwb20200713_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 59275}]
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fnwb20200713_s8.htm
As filed with the Securities and Exchange Commission on July 21, 2020
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
FIRST NORTHWEST BANCORP
(Exact name of registrant as specified in its charter)
Washington
46-1259100
(State of incorporation)
(IRS Employer Identification No.)
105 West 8
th
Street
Port Angeles, Washington
98362
(Address of principal executive offices)
(Zip Code)
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PORT ANGELES 401(K) PLAN
(Full title of the plan)
Matthew P. Deines
President and Chief Executive Officer
First Northwest Bancorp
105 West 8
th
Street
Port Angeles, Washington 98362
Telephone: (360) 457-0461
(Name, address, and telephone number of agent for service)
Copies to:
Mary Ann Frantz
Miller Nash Graham & Dunn LLP
111 SW Fifth Avenue, Suite 3400
Portland, Oregon 97204
Telephone (503) 224-5858
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer  ☐
Accelerated filer                    ☒
Non-accelerated filer    ☐
Smaller reporting company   ☒
Emerging growth company   ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒
CALCULATION OF REGISTRATION FEE
Title of
Securities to Be
Registered
Amount to Be
Registered
Proposed Maximum Offering Price
Per Share
Proposed Maximum Aggregate
Offering Price
Amount of
Registration Fee
Common Stock,
$0.01 par value (1)
100,000 shares
$11.97 (2)
$1,197,000.00 (2)
$155.37
1.
Represents the maximum number of shares of common stock of First Northwest Bancorp ("Common Stock") that may be offered and sold pursuant to the First Federal Savings and Loan Association of Port Angeles 401(k) Plan (the "Plan") under this Registration Statement, together with an indeterminate number of shares of Common Stock that may be necessary to adjust the number of shares of Common Stock to be offered and sold pursuant to the Plan as a result of stock splits, dividends or similar transactions, pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the "Securities Act").
2.
Pursuant to Rule 416(c), this Registration Statement also registers an indeterminate amount of interests to be offered and sold pursuant to the Plan.
3.
Pursuant to Rule 457(h), the proposed maximum aggregate offering price and the registration fee have been computed based on the average of the high and low sales prices of the common stock reported on The Nasdaq Stock Market on July 16, 2020, $11.97.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
The following documents filed by the Registrant with the Securities and Exchange Commission are incorporated by reference in this registration statement:
a.
The Registrant's Annual Report on Form 10-K for the year ended December 31, 2019.
b.
The First Federal Savings and Loan Association of Port Angeles 401(k) Plan's Annual Report on Form 11-K for the fiscal year ended June 30, 2019, filed on December 24, 2019;
c.
The Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020.
d.
The Registrant's Current Reports on Form 8-K filed on February 5, 2020, March 17, 2020 (other than portion deemed furnished), April 14, 2020, April 30, 2020 (other than portion deemed furnished), May 4, 2020, May 6, 2020 (other than portion deemed furnished), June 24, 2020, and July 2, 2020.
e.
The description of the Registrant's Common Stock contained in Exhibit 4.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2019.
Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Under no circumstances will any information furnished (but not filed) under Item 2.02 or 7.01 of any Current Report on Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.
Item 4.
Description of Securities
.
Not applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not applicable.
Item 6.
Indemnification of Directors and Officers
.
Indemnification
Section 23B.08.510 of the Washington Business Corporation Act (the "WBCA") authorizes Washington corporations to indemnify their officers and directors under certain circumstances against expenses and liabilities incurred in legal proceedings involving them as a result of their services as an officer or director. Section 23B.08.560 of the WBCA authorizes a corporation by provision in its articles of incorporation to agree to indemnify a director made party to a proceeding or obligate itself to advance or reimburse expenses incurred in a proceeding without regard to the limitations of Sections 23B.08.510 through 23B.08.550 of the WBCA, subject to certain limitations.
As permitted by the WBCA, the Registrant's articles of incorporation provide that the Registrant shall indemnify any of its directors or officers who were or are a party or are threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal (including an action by or in the right of the Registrant, except):
●
acts or omissions of the director or officer in connection with a proceeding by or in the right of the Registrant in which the director or officer is finally adjudged liable to the Registrant;
●
conduct of the director or officer finally adjudged to violate Section 23B.08.310 of the WBCA (relating to unlawful distributions); and
●
any transaction with respect to which it was finally adjudged that such director or officer personally received a benefit in money, property or services to which the director or officer was not legally entitled.
Insurance
The Registrant maintains directors' and officers' liability insurance under which the Registrant's directors and officers are insured against loss (as defined) as a result of claims brought against them based upon their acts or omissions in such capacities, including civil liabilities under the Securities Act of 1933.
Item 7.
Exemption from Registration Claimed
.
Not applicable.
Item 8.
Exhibits
.
The following exhibits are filed with or incorporated by reference into this registration statement:
Exhibit No.
Description of Document
4.1
Articles of Incorporation of the Registrant. Incorporated by reference to Exhibit 3.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2018.
4.2
Bylaws of the Registrant. Incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2018.
4.3
First Federal Savings and Loan Association of Port Angeles 401(k) Plan executed April 19, 2016, together with Amendment executed June 3, 2019.
5
IRS determination letter dated March 31, 2014 relating to the First Federal Savings and Loan Association of Port Angeles 401(k) Plan.
23.1
Consent of Moss Adams LLP, Independent Registered Public Accounting Firm.
24
Power of attorney of certain officers and directors.
Item 9.
Undertakings
.
(a)    The undersigned registrant hereby undertakes:
(1)    To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)    To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 ("Securities Act");
(ii)   To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;
(iii)  To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Exchange Act") that are incorporated by reference in the registration statement.
(2)    That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)    To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)    The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(h)    Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions described in Item 6 above, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
The Registrant
.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Port Angeles, state of Washington, on the 21
st
day of July, 2020.
FIRST NORTHWEST BANCORP
By
/s/ Matthew P. Deines
Matthew P. Deines
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 21
st
day of July, 2020.
Signature
Title
(1)  Principal Executive Officer and Director:
/s/ Matthew P. Deines
President and Chief Executive Officer and Director
Matthew P. Deines
(2)   Principal Financial and Accounting Officer:
/s/ Geraldine Bullard
Executive Vice President and Chief Financial Officer
Geraldine Bullard
(3)   A majority of the Board of Directors
*DANA D. BEHAR
Director
*DAVID A. BLAKE
Director
*CRAIG A. CURTIS
Director
*CINDY H. FINNIE
Director
*DAVID T. FLODSTROM
Director
*STEPHEN E. OLIVER
Director
*NORMAN J. TONINA, JR.
Director
*JENNIFER ZACCARDO
Director
By
/s/ Matthew P. Deines
Matthew P. Deines
Attorney-in-Fact
The Plan
.
Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who administer the employee benefit plan) have duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Port Angeles, state of Washington, on July 21, 2020.
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PORT ANGELES 401(k) PLAN
By
/s/ Geraldine Bullard
Geraldine Bullard
Executive Vice President and Chief Financial
Officer of First Federal Savings and Loan Association of Port Angeles, Plan Administrator