Business Context and Reporting Period
This Form 8-K Current Report was filed by First Northwest Bancorp on June 3, 2025. The filing addresses a change in the Company's independent registered public accounting firm effective as of the report date.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a corporate governance event rather than a financial performance statement.
Material Changes
The primary material change disclosed is the transition of the Company's independent auditor:
- Previous Auditor: Moss Adams LLP ceased serving as the independent registered public accounting firm effective June 3, 2025.
- Reason for Change: Moss Adams LLP consummated a merger with Baker Tilly US, LLP.
- New Auditor: The Audit Committee appointed Baker Tilly US, LLP as the successor independent registered public accounting firm.
Guidance, Outlook, and Risks
Management Commentary and Audit History:
- The audit reports issued by Moss Adams for the years ended December 31, 2024, and 2023, and the three-year period ended December 31, 2024, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- There were no disagreements with Moss Adams on accounting principles, practices, or auditing scope during the years ended December 31, 2024 and 2023, or the interim period through June 3, 2025.
- No reportable events requiring disclosure under Item 304(a)(1)(v) of Regulation S-K occurred during the relevant periods.
Consultations: The Company did not consult with Baker Tilly regarding accounting principles, audit opinions, disagreements, or reportable events prior to the merger's effectiveness.
Investor Verification Checklist
- Confirm the effective date of the auditor transition (June 3, 2025).
- Verify the identity of the successor auditor (Baker Tilly US, LLP).
- Review the letter from Moss Adams LLP to the SEC (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the change.
- Ensure no undisclosed disagreements or reportable events occurred during the tenure of the previous auditor.