FNWB — what changed in the latest 10-Q
A section-by-section comparison of FNWB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +9 | −8 | ~46 | 67 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
The Bank recorded net charge-offs of $481,000 to a commercial construction loan, $323,000 to auto and other consumer loans and $3,000 to commercial real estate loans for the nine months ended September 30, 2026. Net recoveries of $25,000 in commercial business loans partially offset the net charge-o…
Provision for Credit Losses. The Company recorded a $532,000 loan loss provision and a $207,000 unfunded commitment provision for the three months ended September 30, 2026. This compares to a $620,000 loan loss provision recapture and a $53,000 unfunded commitment provision recapture for the three m…
Noninterest Income. Noninterest income increased $172,000, or 8.6%, to $2.2 million for the three months ended September 30, 2026, from $2.0 million for the three months ended September 30, 2025. The increase was primarily due to a $253,000 nonrecurring gain recognized upon exercising a historic tax…
Noninterest Expense. Noninterest expense decreased $75,000, or 0.4%, to $17.3 million for the three months ended September 30, 2026, compared to $17.4 million for the three months ended September 30, 2025. Legal expense included in professional fees decreased $847,000 period-over-period due to fluct…
Provision for Credit Losses. The Company recorded a $182,000 loan loss provision and a $95,000 unfunded commitment provision for the nine months ended September 30, 2026. This compares to a $6.9 million loan loss provision and a $102,000 unfunded commitment provision recapture for the nine months en…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
In the first half of 2026, the Bank recorded net recoveries of $288,000 in commercial business loans. Net charge-offs of $242,000 to auto and other consumer loans, $371,000 to a commercial construction loan and $3,000 to commercial real estate loans partially offset the recoveries. Charge-offs are b…
Provision for Credit Losses. The Company recorded a $337,000 loan loss provision recapture and a $203,000 unfunded commitment provision recapture for the three months ended June 30, 2026. This compares to a $296,000 loan loss provision recapture and a $64,000 unfunded commitment provision recapture …
Noninterest Income. Noninterest income decreased $165,000, or 7.6%, to $2.0 million for the three months ended June 30, 2026, from $2.2 million for the three months ended June 30, 2025. Other income reflects period-over-period decreases in the recorded value of equity and fintech partnership investm…
Noninterest Expense. Noninterest expense increased $3.6 million, or 28.4%, to $16.4 million for the three months ended June 30, 2026, compared to $12.8 million for the three months ended June 30, 2025. The increase in expenses compared to the same period in 2025 is mainly due to a $2.6 million emplo…
Provision for Credit Losses. The Company recorded a $350,000 loan loss provision recapture and a $112,000 unfunded commitment provision recapture for the six months ended June 30, 2026. This compares to a $7.5 million loan loss provision and a $49,000 unfunded commitment provision recapture for the …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice