U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A

                                   (Mark One)

    (X) Quarterly report under Section 13 or 15(d) of the Securities Exchange
                                   Act of 1934

                For the quarterly period ended September 30, 2003


       ( ) Transition report under Section 13 or 15(d) of the Exchange Act

               For the transition period from _______ to _________

                         Commission file number 0-22435

                               FIRSTBANK NW CORP.

        (Exact Name of Small Business Issuer as Specified in Its Charter)

                   Washington                            84-1389562
         (State or Other Jurisdiction of              (I.R.S. Employer
          Incorporation or Organization)              Identification No.)

                      1300 16th Avenue, Clarkston, WA 99403

                     Address of Principal Executive Offices

                                 (509) 295-5100

                (Issuer's Telephone Number, Including Area Code)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. (X) Yes ( ) No


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: Common Stock 2,828,105 shares
outstanding on November 25, 2003.

Transitional Small Business Disclosure Format (check one):

( ) Yes         (X) No
<PAGE>

     Explanatory Note: This Amendment to the Form 10-QSB of FirstBank NW Corp.
     for the quarterly period ended September 30, 2003 is being filed to (1)
     correct the Form 10-QSB cover page, and (2) correct a transposition typing
     error on the FirstBank NW Corp. and Subsidiary's Consolidated Statements of
     Cash Flows. Specifically, the line item entitled "Originations of loans
     held for sale" for the six months ended September 30, 2003 has been revised
     to change $160,146,050 to $106,146,050. There was no impact on total cash
     flow, earnings per share or stockholders equity of the Company.


PART I - FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                                                                                            Page
<S>     <C>                                                                                  <C>
Item 1. Financial Statements
        Consolidated Statements of Financial Condition
           September 30, 2003, March 31, 2003, and September 30, 2002                         1
        Consolidated Statements of Income
           For the three months and six months ended September 30, 2003 and 2002              2
        Consolidated Statements of Cash Flows
           For the three months and six months ended September 30, 2003 and 2002              3
        Consolidated Statements of Comprehensive Income
           For the three months and six months ended September 30, 2003 and 2002              4
        Notes to Consolidated Financial Statements                                           5-11
</TABLE>
<PAGE>

PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements

                       FirstBank NW Corp. and Subsidiaries
                 Consolidated Statements of Financial Condition

<TABLE>
<CAPTION>
                                                                        September 30,        March 31,        September 30,
                                                                            2003               2003               2002
                                                                      ---------------    ---------------    ---------------
                                                                         (Unaudited)                           (Unaudited)
<S>                                                                   <C>                <C>                <C>
ASSETS
Cash and cash equivalents:
  Non-interest bearing deposits                                       $    12,852,496    $     9,378,650    $    14,519,897
  Interest bearing deposits                                                18,973,657            643,154          1,615,634
  Federal funds sold                                                        2,455,517         14,718,971         12,123,323
                                                                      ---------------    ---------------    ---------------
Total cash and cash equivalents                                            34,281,670         24,740,775         28,258,854

Investment securities:
  Available-for-sale                                                       17,250,202         16,812,845         14,056,900
Mortgage-backed securities:
  Held-to-maturity                                                          1,873,055          1,969,138          2,053,624
  Available-for-sale                                                        5,796,131          7,649,066          8,919,044
Loans receivable, net (Note 2)                                            246,709,089        251,804,620        238,062,886
Loans held for sale                                                         9,559,888          5,214,077         11,858,495
Accrued interest receivable                                                 2,119,985          1,882,060          2,447,382
Real estate owned                                                             663,507            119,755            130,554
Stock in FHLB, at cost                                                      5,882,275          5,730,675          5,542,775
Premises and equipment, net                                                 8,772,184          7,210,040          5,476,465
Income taxes receivable                                                       330,582             82,559                 --
Cash surrender value of bank owned and other insurance policies             7,496,511          7,272,489          7,083,570
Mortgage servicing assets                                                     883,042            825,814          1,017,295
Other assets                                                                1,497,982          1,084,086            907,643
                                                                      ---------------    ---------------    ---------------
TOTAL ASSETS                                                          $   343,116,103    $   332,397,999    $   325,815,577
                                                                      ===============    ===============    ===============
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
  Deposits                                                            $   229,515,006    $   214,339,997    $   210,704,989
  Advances from borrowers for taxes and insurance                           1,013,701          1,191,545          1,284,325
  Advances from FHLB (Note 3)                                              76,971,821         81,816,228         80,224,335
  Income taxes payable                                                             --                 --             51,316
  Deferred federal and state income taxes                                     284,353            453,539            595,257
  Accrued expenses and other liabilities                                    3,938,603          4,532,586          3,586,787
                                                                      ---------------    ---------------    ---------------
Total Liabilities                                                         311,723,484        302,333,895        296,447,009
                                                                      ---------------    ---------------    ---------------

  Commitments and contingencies (Note 6)
  Stockholders' Equity (Note 4):
  Preferred stock, $0.01 par value, 500,000 shares authorized;
      0 shares issued and outstanding                                              --                 --                 --
  Common stock, $0.01 par value, 5,000,000 shares authorized;
      1,390,492, 1,380,992, and 1,403,592 shares issued;
      1,307,162, 1,278,531 and 1,296,950 shares outstanding                    13,942             13,810             14,073
  Additional paid-in-capital                                               10,053,591          9,842,120         10,255,184
  Retained earnings, substantially restricted                              21,297,945         20,213,669         19,103,745
  Unearned ESOP shares                                                      (844,160)          (884,020)          (927,770)
  Deferred compensation                                                      (38,479)          (156,659)          (274,840)
  Accumulated other comprehensive income                                      909,780          1,035,184          1,198,176
                                                                      ---------------    ---------------    ---------------
Total Stockholders' Equity                                                 31,392,619         30,064,104         29,368,568
                                                                      ---------------    ---------------    ---------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            $   343,116,103    $   332,397,999    $   325,815,577
                                                                      ===============    ===============    ===============
</TABLE>

           See accompanying notes to consolidated financial statements


                                                                              1
<PAGE>

                       FirstBank NW Corp. and Subsidiaries
                        Consolidated Statements of Income
<TABLE>
<CAPTION>

                                                          Three-months ended September 30,   Six-months ended September 30,
                                                               2003               2002           2003              2002
                                                           ------------      -----------     ------------      ------------
                                                                                      (Unaudited)
<S>                                                        <C>              <C>              <C>               <C>
Interest income:
  Loans receivable                                         $  4,436,067     $  4,572,369     $  8,943,248      $  9,065,135
  Mortgage-backed securities                                    171,702          186,372          347,700           371,237
  Investment securities                                         188,999          160,889          377,056           317,695
  Other interest earning assets                                 210,769          233,843          437,434           474,230
                                                           ------------     ------------     ------------      ------------
Total interest income                                         5,007,537        5,153,473       10,105,438        10,228,297
                                                           ------------     ------------     ------------      ------------

Interest expense:
  Deposits                                                    1,021,499        1,224,820        2,078,230         2,444,598
  Advances from FHLB and other borrowings                       993,104        1,025,209        1,992,863         2,032,567
                                                           ------------     ------------     ------------      ------------
Total interest expense                                        2,014,603        2,250,029        4,071,093         4,477,165
                                                           ------------     ------------     ------------      ------------

Net interest income                                           2,992,934        2,903,444        6,034,345         5,751,132
Provision for loan losses                                        78,315          228,429          255,576           437,835
                                                           ------------     ------------     ------------      ------------
Net interest income after provision for loan losses           2,914,619        2,675,015        5,778,769         5,313,297
                                                           ------------     ------------     ------------      ------------

Non-interest income:
  Gain on sale of loans                                         590,493          504,805        1,370,344           923,700
  Service fees and other charges                                534,827          543,352        1,111,651         1,050,437
  Commissions and other                                          32,939           34,960           66,546            83,943
                                                           ------------     ------------     ------------      ------------
Total non-interest income                                     1,158,259        1,083,117        2,548,541         2,058,080
                                                           ------------     ------------     ------------      ------------

Non-interest expense:
  Compensation and employee related benefits                  1,956,241        1,776,717        3,875,885         3,465,365
  Occupancy                                                     347,393          298,418          698,191           625,487
  Other                                                         842,880          786,051        1,720,044         1,543,499
                                                           ------------     ------------     ------------      ------------
Total non-interest expense                                    3,146,514        2,861,186        6,294,120         5,634,351
                                                           ------------     ------------     ------------      ------------

Income before income tax expense                                926,364          896,946        2,033,190         1,737,026
Income tax expense                                              232,487          251,583          560,083           460,708
                                                           ------------     ------------     ------------      ------------
Net income                                                 $    693,877     $    645,363     $  1,473,107      $  1,276,318
                                                           ============     ============     ============      ============

Earnings per share (Note 5):
  Net income per share - basic                             $       0.54     $       0.50     $       1.14      $       0.98
  Net income per share - diluted                           $       0.51     $       0.48     $       1.09      $       0.95
  Cash dividends paid per common share                     $       0.15     $       0.12     $       0.30      $       0.24
  Weighted average shares outstanding - basic                 1,294,267        1,290,589        1,287,650         1,296,270
  Weighted average shares outstanding - diluted               1,366,142        1,333,078        1,353,745         1,345,830
</TABLE>

           See accompanying notes to consolidated financial statements


                                                                               2
<PAGE>

                      FirstBank NW Corp. and Subsidiaries,
                      Consolidated Statements of Cash Flows

<TABLE>
<CAPTION>
                                                                                                     Six-months ended September 30,
                                                                                                      2003                  2002
                                                                                                 -------------        --------------
                                                                                                           (Unaudited)
<S>                                                                                              <C>                  <C>
Cash flows from operating activities:
  Net income                                                                                     $   1,473,107        $   1,276,318
  Adjustments to reconcile net income to net cash provided by (used in)
   operating activities:
    Depreciation                                                                                       344,451              314,416
    Amortization (accretion) of securities, net                                                        (80,341)              (8,178)
    Provision for loan losses                                                                          255,577              437,835
    Gain on sale of loans held for sale                                                             (1,370,344)            (923,700)
    Proceeds from sale of loans held for sale                                                      103,170,583           63,860,133
    Originations of loans held for sale                                                           (106,146,050)         (56,665,640)
    FHLB stock dividends                                                                              (151,600)            (162,900)
    ESOP compensation expense                                                                          101,268               76,993
    Other (gains) losses, net                                                                            3,625              (20,975)
    Deferred compensation expense                                                                      118,181              118,180
    Deferred income taxes                                                                              (88,061)            (252,369)
 Changes in assets and liabilities:
    Accrued interest receivable and other assets                                                      (802,978)            (583,389)
    Accrued expenses and other liabilities                                                            (593,984)             984,440
    Income taxes receivable                                                                           (248,023)              94,279
                                                                                                 -------------        -------------
Net cash provided by (used in) operating activities                                                 (4,014,589)           8,545,443
                                                                                                 -------------        -------------
Cash flows from investing activities:
  Proceeds from maturities of mortgage-backed securities; held-to-maturity                              92,558               83,826
  Proceeds from maturities of mortgage-backed securities; available-for-sale                         1,695,221              785,084
  Purchase of investment securities; available-for-sale                                               (309,498)            (504,074)
  Other net change in loans receivable                                                               4,130,196          (18,493,851)
  Purchases of premises and equipment                                                               (1,906,595)            (284,111)
  Net increase in cash surrender value of life insurance policies                                     (224,022)            (233,787)
  Proceeds from sale of real estate owned                                                              163,502              315,691
                                                                                                 -------------        -------------
Net cash provided by (used in) investing activities                                                  3,641,362          (18,331,222)
                                                                                                 -------------        -------------
Cash flows from financing activities:
  Cash paid for dividends                                                                             (388,831)            (317,259)
  Net increase in deposits                                                                          15,175,009           14,582,475
  Advances (repayments) from borrowers for taxes and insurance                                        (177,844)            (111,360)
  Advances from FHLB and other borrowings                                                           93,531,000           41,046,406
  Payments on advances from FHLB and other borrowings                                              (98,375,407)
                                                                                                                        (40,544,514)
  Proceeds from exercise of stock options                                                              150,195               44,268
  Repurchase of common stock                                                                                --             (667,285)
                                                                                                 -------------        -------------
Net cash provided by financing activities                                                            9,914,122           14,032,731
                                                                                                 -------------        -------------

Net increase in cash and cash equivalents                                                            9,540,895            4,246,952

Cash and cash equivalents, beginning of period                                                      24,740,775           24,011,902
                                                                                                 -------------        -------------
Cash and cash equivalents, end of period                                                         $  34,281,670        $  28,258,854
                                                                                                 =============        =============

Supplemental disclosures of cash flow information:
  Cash paid during the period for:
     Interest                                                                                    $   4,045,225        $   4,765,016
     Income taxes                                                                                $     896,167        $     616,966
  Noncash investing and financing activities:
     Unrealized gains (losses) on securities; available-for-sale, net of tax                     $     (69,050)       $     868,049
     Unrealized gain (losses) on cash flow hedge derivative, net of tax                          $     (56,353)       $     156,621
     Loans receivable charged to the allowance for loan losses                                   $      64,061        $     121,615
     Transfer from loans converted to real estate acquired through foreclosure                   $     709,758        $          --
</TABLE>

           See accompanying notes to consolidated financial statements


                                                                               3
<PAGE>




                       FirstBank NW Corp. and Subsidiaries
                 Consolidated Statements of Comprehensive Income

<TABLE>
<CAPTION>
                                                                   Three-months ended September 30,   Six-months ended September 30,
                                                                        2003            2002              2003             2002
                                                                    -----------      -----------       -----------      -----------
                                                                                              (Unaudited)
<S>                                                                 <C>              <C>               <C>              <C>
Net income                                                          $   693,877      $   645,363       $ 1,473,107      $ 1,276,318
                                                                    -----------      -----------       -----------      -----------
Other comprehensive income (loss), net of tax:
      Change in unrealized gains (losses) on securities;
        available-for-sale, net of tax benefit (expense)
        of $209,878,  ($236,376), $44,670, and ($561,544)              (324,435)         365,395           (69,050)         868,048
     Change  in  unrealized  derivative  gains on cash flow
        hedge,  net of tax  benefit  (expense)  of $22,225,
        ($73,567), $36,456, and ($101,319)                              (34,355)         113,721           (56,353)         156,621
                                                                    -----------      -----------       -----------      -----------
     Net other comprehensive income (loss)                             (358,790)         479,116          (125,403)       1,024,669
                                                                    -----------      -----------       -----------      -----------

Comprehensive income                                                $   335,087      $ 1,124,479       $ 1,347,704      $ 2,300,987
                                                                    ===========      ===========       ===========      ===========
</TABLE>

           See accompanying notes to consolidated financial statements


                                                                               4
<PAGE>

                       FIRSTBANK NW CORP. AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


(1)  BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with accounting principles generally accepted in the United States
of America (GAAP) for interim financial information and with the instructions to
Form 10-QSB. Accordingly, they do not include all of the information and
footnotes required by GAAP for complete financial statements. These statements
should be read in conjunction with the consolidated financial statements and
related notes included in the Company's Form 10-KSB for the year ended March 31,
2003. In the opinion of management, all adjustments (consisting of normal
recurring adjustments) necessary for a fair presentation have been included. The
results of operations and other data for the six months ended September 30, 2003
are not necessarily indicative of results that may be expected for the entire
fiscal year ending March 31, 2003.

The unaudited consolidated financial statements of FirstBank NW Corp. (the
"Company") include the accounts of its wholly-owned subsidiary, FirstBank
Northwest (the "Bank") and wholly-owned subsidiary, TriStar Financial
Corporation. All significant intercompany accounts and transactions have been
eliminated in consolidation.

(2)  LOANS RECEIVABLE

Loans receivable at September 30, 2003, March 31, 2003, and September 30, 2002
consists of the following:
<TABLE>
<CAPTION>
                                                                       September 30,           March 31,            September 30,
                                                                           2003                  2003                   2002
                                                                       ------------          ------------          ------------
                                                                        (Unaudited)                                 (Unaudited)
<S>                                                                    <C>                    <C>                  <C>
     Real estate loans:
          Residential                                                  $ 45,612,190          $ 50,780,992          $ 56,791,175
          Commercial                                                     71,094,660            68,125,421            59,036,635
          Agricultural                                                   15,804,709            15,920,524            16,609,572
          Construction                                                   57,995,458            46,836,132            34,059,928

     Other loans:
          Commercial (non-real estate)                                   48,531,367            50,602,602            44,053,833
          Other consumer                                                  6,995,109             7,843,541             8,547,468
          Home equity                                                    15,152,644            19,924,033            23,639,696
          Agricultural operating                                         13,748,416            12,999,558            14,359,477
                                                                       ------------          ------------          ------------
     Total loans receivable                                             274,934,553           273,032,803           257,097,784

     Less:
          Loans in process                                               23,245,068            16,676,636            15,166,975
          Unearned loan fees and discounts                                1,364,213             1,137,285               984,489
          Allowance for loan losses                                       3,616,183             3,414,262             2,883,434
                                                                       ------------          ------------          ------------
     Loans receivable, net                                             $246,709,089          $251,804,620          $238,062,886
                                                                       ============          ============          ============
     Loans held for sale                                               $  9,559,888          $  5,214,077          $ 11,858,495
                                                                       ============          ============          ============
</TABLE>


                                                                               5
<PAGE>

         The following table sets forth the breakdown of the allowance for loan
losses by loan category for the years indicated. The allocation of the allowance
to each category is not necessarily indicative of future losses and does not
restrict the use of the allowance to absorb losses in any other category.
<TABLE>
<CAPTION>
                                                           September 30,           March 31,         September 30,
                                                               2003                  2003                2002
                                                              ------                ------              ------
                                                           (Unaudited)                                (Unaudited)
                                                                  % of Loans           % of Loans             % of Loans
                                                                  in Category          in Category            in Category
                                                                    to Total             to Total               to Total
     (Dollars in Thousands)                               Amount      Loans    Amount      Loans    Amount       Loans
                                                          ------     ------    ------     ------    ------      ------
<S>                                                       <C>         <C>      <C>         <C>      <C>         <C>
     Residential                                          $  134      16.59%   $  243      18.60%   $  254      22.09%
     Construction                                            831      21.09       660      17.16       495      13.25
     Agricultural                                            414      10.75       425      10.59       391      12.04
     Commercial                                            2,181      43.51     1,973      43.48     1,628      40.10
     Consumer and other loans                                 56       8.06       113      10.17       115      12.52
                                                          ------     ------    ------     ------    ------     ------
     Total allowance for loan losses                      $3,616     100.00%   $3,414     100.00%   $2,883     100.00%
                                                          ======     ======    ======     ======    ======     ======
</TABLE>

The following table sets forth the changes in the Bank's allowance for loan
losses for the periods indicated.
<TABLE>
<CAPTION>
                                                                Six-Months         Fiscal Year          Six-Months
                                                                  Ending              Ending              Ending
                                                               September 30,         March 31,         September 30,
                                                                   2003                2003                2002
                                                                ----------          ----------          ----------
                                                                (Unaudited)                             (Unaudited)
<S>                                                             <C>                 <C>                 <C>
     Balance at beginning of period                             $3,414,262          $2,562,757          $2,562,757
                                                                ----------          ----------          ----------
     Provision for loan losses                                     255,576           1,033,068             437,835
                                                                ----------          ----------          ----------
     Charge-offs:
          Residential real estate                                   10,000                  --                  --
          Construction real estate                                      --                  --                  --
          Commercial non-real estate                                19,251              17,699                  --
          Consumer and other loans                                  34,809             185,773             121,615
                                                                ----------          ----------          ----------
     Total charge offs                                              64,060             203,472             121,615

     Recoveries                                                     10,405              21,909               4,457
                                                                ----------          ----------          ----------
     Net charge offs                                                53,655             181,563             117,158
                                                                ----------          ----------          ----------
     Balance at end of year                                     $3,616,183          $3,414,262          $2,883,434
                                                                ==========          ==========          ==========
     Net charge-offs to average outstanding loans                     0.02%               0.07%               0.05%
</TABLE>


                                                                               6
<PAGE>

The following table sets forth information with respect to the Bank's
nonperforming assets and restructured loans within the meaning of generally
accepted accounting principles ("GAAP") at the years indicated. It is the policy
of the Bank to cease accruing interest on loans more than 90 days past due.
<TABLE>
<CAPTION>
                                                                              September 30,   March 31,   September 30,
                                                                                  2003          2003          2002
                                                                               ----------    ----------    ----------
                                                                               (Unaudited)                (Unaudited)
<S>                                                                             <C>          <C>           <C>
     Loans accounted for on a  nonaccrual basis:
     Real estate loans:
        Residential                                                            $  630,040    $  428,659    $  569,292
        Construction                                                              163,500            --       163,500
        Agricultural                                                              134,882        10,000            --
        Commercial                                                                502,884       175,499       782,161
     Commercial non-real estate                                                   219,416       498,636         2,964
     Consumer and other loans                                                     114,179       138,490       175,139
     Agricultural operating                                                            --            --        53,772
                                                                               ----------    ----------    ----------
     Total real estate loans                                                    1,764,901     1,251,284     1,746,828

     Accruing loans which are contractually
        past due 90 days or more                                                       --            --            --
                                                                               ----------    ----------    ----------
     Total of nonaccrual and 90 days past
        due loans                                                               1,764,901     1,251,284     1,746,828
                                                                               ----------    ----------    ----------
     Real estate owned:
        Residential                                                               330,826       119,755       130,554
        Commercial                                                                332,681            --            --
                                                                               ----------    ----------    ----------
     Total real estate owned                                                      663,507       119,755       130,554
                                                                               ----------    ----------    ----------
     Total nonperforming loans                                                  2,428,408     1,371,039     1,877,382

        Restructured loans                                                        284,032       441,691       429,605
                                                                               ----------    ----------    ----------

     Total nonperforming assets                                                $2,712,440    $1,812,730    $2,306,987
                                                                               ----------    ----------    ----------
     Nonaccrual and 90 days or more past due
        loans as a percent of loans receivable, net                                  0.72%         0.50%         0.73%
     Nonaccrual and 90 days or more past
        due loans as a percent of total assets                                       0.51%         0.38%         0.54%
     Nonperforming assets as a percent of
        total assets                                                                 0.79%         0.55%         0.71%
     Total nonperforming assets to total loans                                       0.99%         0.66%         0.90%
</TABLE>

(3)  ADVANCES FROM FEDERAL HOME LOAN BANK

The Bank utilizes advances from the FHLB-Seattle to supplement its supply of
lendable funds and to meet deposit withdrawal requirements. The FHLB-Seattle
functions as a central reserve bank providing credit for savings associations
and certain other member financial institutions. As a member of the
FHLB-Seattle, the Bank is required to own capital stock in the FHLB-Seattle and
is authorized to apply for advances on the security of such stock and certain of
its mortgage loans and other assets (principally securities that are obligations
of, or guaranteed by, the U.S. Government) provided certain creditworthiness
standards have been met. Advances are made pursuant to several different credit
programs. Each credit program has its own interest rate and range of maturities.
Depending on the program, limitations on the amount of advances are based on the
financial condition of the member institution and the adequacy of collateral
pledged to secure the credit. The Bank is currently authorized to borrow from
the FHLB up to an amount equal to 42% of total assets, providing that the Bank
holds sufficient collateral. Advances from Federal Home Loan Bank at September
30, 2003 and September 30, 2002 were $76,971,821 and $80,224,335 respectively.


                                                                               7
<PAGE>

Scheduled maturities of advances from Federal Home Loan Bank were as follows:

<TABLE>
<CAPTION>
                                                                  One Year to       Five Years to
                                               Less than One     Less than Five     Less than Ten    Greater than Ten
At September 20, 2003:                             Year               Years             Years             Years
                                                   ----               -----             -----             -----
<S>                                            <C>                <C>               <C>                <C>
Maturities of advances from FHLB               $ 15,109,600       $ 38,511,804      $ 22,154,449       $ 1,195,968
Range of interest rates                         1.15%-6.62%        4.40%-5.90%       3.33%-6.21%           6.66%
Weighted average interest rate                      4.80%              5.32%             4.27%             6.66%
Percentage of total advances                       19.63%             50.04%            28.78%             1.55%
<CAPTION>

                                                                  One Year to       Five Years to
                                               Less than One     Less than Five     Less than Ten    Greater than Ten
At September 20, 2002:                             Year               Years             Years             Years
                                                   ----               -----             -----             -----
<S>                                            <C>                <C>               <C>                <C>
Maturities of advances from FHLB               $ 9,436,300        $ 52,371,404      $ 17,170,664       $ 1,245,967
Range of interest rates                         2.47%-6.59%        4.40%-6.62%       3.33%-6.21%           6.66%
Weighted average interest rate                      4.47%              5.32%            4.52%              6.66%
Percentage of total advances                       11.76%             65.28%            21.40%             1.55%
</TABLE>

As of September 30, 2003, there were $30.8 million of advances from Federal Home
Loan Bank that were callable, of which $10.0 million of one to less than five
year advances were callable within one year, $5.8 million of five to less than
ten year advances were callable within one year, and $15.0 million of five to
less than ten year advances were callable within one to less than five years. As
of September 30, 2002, there were $25.8 million of advances from Federal Home
Loan Bank that were callable, of which $10.0 million of one to less than five
year advances were callable within one year, $10.8 million of five to less than
ten year advances were callable within one year, and $5.0 million of five to
less than ten year advances were callable within one to less than five years.

(4)  DIVIDENDS

On July 16, 2003, the Board of Directors declared a cash dividend of $0.15 per
common share to shareholders of record as of August 8, 2003. This dividend was
paid on August 22, 2003. On October 28, 2003, the Board of Directors declared a
cash dividend of $0.15 per common share to shareholders of record as of November
20, 2003. The dividend will be paid on December 5, 2003.


                                                                               8
<PAGE>

(5)  EARNINGS PER SHARE

Earnings per share ("EPS") is computed by dividing net income by the weighted
average number of common shares outstanding in accordance with Statement of
Financial Accounting Standards No. 128, "Earnings Per Share".

The following table reconciles the number of common shares used in the basic and
diluted EPS calculations:

<TABLE>
<CAPTION>
                                    For the Three Months Ended September 30, 2003       For the Six Months Ended September 30, 2003
                                    ---------------------------------------------       --------------------------------------------
                                                        Weighted-     Per-Share                            Weighted-     Per-Share
                                       Net Income    Average Shares     Amount             Net Income    Average Shares    Amount
                                       ----------    --------------     ------             ----------    --------------     ------
<S>                                     <C>               <C>           <C>                <C>                <C>          <C>
  Basic EPS:
  Income available to common
      Stockholders                      $ 693,877         1,294,267     $ 0.54             $1,473,107         1,287,650    $ 1.14
                                                                        ------                                             ------
  Effect of dilutive securities:
      Restricted stock awards                  --            71,875                                --            66,095
                                        ---------         ---------                        ----------         ---------
  Diluted EPS:
    Income available to common
      Stockholders - assumed
      Conversions                       $ 693,877         1,366,142     $ 0.51             $1,473,107         1,353,745    $ 1.09
                                        =========         =========     ======             ==========         =========    ======

<CAPTION>
                                    For the Three Months Ended September 30, 2002       For the Six Months Ended September 30, 2002
                                    ---------------------------------------------       --------------------------------------------
                                                        Weighted-     Per-Share                            Weighted-     Per-Share
                                       Net Income    Average Shares     Amount             Net Income    Average Shares    Amount
                                       ----------    --------------     ------             ----------    --------------     ------
<S>                                     <C>               <C>           <C>                <C>                <C>          <C>
  Basic EPS:
  Income available to common
      Stockholders                      $ 645,363         1,290,589     $ 0.50             $1,276,318         1,296,270    $ 0.98
                                                                        ------                                             ------
  Effect of dilutive securities:
      Restricted stock awards                  --            42,489                                --            49,560
                                        ---------         ---------                        ----------         ---------

  Diluted EPS:
    Income available to common
      Stockholders - assumed
      Conversions                       $ 645,363         1,333,078     $ 0.48             $1,276,318         1,345,830    $ 0.95
                                        =========         =========     ======             ==========         =========    ======
</TABLE>

As of September 30, 2003, outstanding options to purchase 138,550 shares of the
Company's common stock were included in the computation of diluted EPS as their
effect would have been antidilutive. As of September 30, 2002, outstanding
options to purchase 155,400 shares of the Company's common stock were included
in the computation of diluted EPS. Diluted earnings per share takes into account
the potential dilutive impact of such instruments as stock options and uses
average market price for the period in determining the number of incremental
shares to add to the weighted-average number of shares outstanding.

The following table illustrates the effect on net income if the Bank had applied
the fair value recognition provisions of Financial Accounting Standards Board
Statement No. 123, Accounting for Stock-Based Compensation, to stock-based
employee compensation.
<TABLE>
<CAPTION>
                                                              Three-months ended September 30,    Six-months ended September 30,
                                                                   2003             2002              2003            2002
                                                                -----------      -----------      -----------      -----------
                                                                                        (Unaudited)

<S>                                                             <C>              <C>              <C>              <C>
     Net income as previously reported                          $   693,877      $   645,363      $ 1,473,107      $ 1,276,318
     Pro forma adjustment for effect of fair value
          accounting for stock options                                 (254)          (6,541)            (508)         (13,081)
                                                                -----------      -----------      -----------      -----------
            Pro forma net income                                $   693,623      $   638,822      $ 1,472,599      $ 1,263,237
                                                                ===========      ===========      ===========      ===========
     Pro forma basic earnings per share                         $      0.54      $      0.49      $      1.14      $      0.97
                                                                ===========      ===========      ===========      ===========
     Pro forma diluted earnings per share                       $      0.51      $      0.48      $      1.09      $      0.94
                                                                ===========      ===========      ===========      ===========
</TABLE>


                                                                               9
<PAGE>

(6)  COMMITMENTS AND CONTINGENCIES

In September of 2003, the Bank signed a contract for $467,000, including tax,
with a general contractor for the construction of a new branch in Hayden, Idaho.
This contracted construction cost is excluding architectural fees, equipment,
furniture, telephone cabling, security/fire alarms, land costs and other
necessary operating items. This project started September of 2003 and is
scheduled to be completed in February of 2004. As of September 30, 2003, the
construction of the branch is 5.38% complete.

In September of 2003, the Bank signed a contract for $125,734, excluding tax,
with a vendor for the purchase of a drive-up, drive-up equipment, security
equipment, depositories, vault, vault door, and safe deposit boxes for the new
branch in Hayden, Idaho. This contract's completion date is February of 2004.

(7)  MERGER

On February 24, 2003, the Company executed an Agreement and Plan of
Reorganization proposing the acquisition of Oregon Trail Financial Corp., Baker
City, Oregon ("Oregon Trail"), the unitary savings and loan holding company for
Pioneer Bank, a Federal Savings Bank ("Pioneer"). Pursuant to the terms of the
Agreement, shareholders of Oregon Trail will be entitled to receive for each
share of Oregon Trail common stock either $22.00 in cash or 1.021 shares of the
Company's common stock (subject to election and allocation procedures as
provided for in the Agreement, which are intended to ensure that in the
aggregate, 46% of the Oregon Trail shares will be exchanged for the Company's
common stock). The merger was completed after the close of business on October
31, 2003. In the merger, the Company issued 1.48 million shares of common stock
and approximately $36.5 million in cash, for a transaction value at announcement
of approximately $74.0 million. The Agreement provides for the merger of Oregon
Trail into the Company and the subsequent merger of Pioneer into the Bank.
Following the completion of the acquisition, the Company is the surviving
holding company with 100% ownership of the Bank and the Bank is the surviving
thrift subsidiary. On October 29, 2003 FirstBank announced that pursuant to the
Merger Agreement, Oregon Trail shareholders were given the opportunity to elect
to receive either cash or stock of FirstBank in exchange for the Oregon Trail
shares they owned. The results of the election process indicated that more
Oregon Trail shareholders elected to receive stock of FirstBank than was
available. Therefore, pursuant to the allocation procedures set forth in the
Merger Agreement, Oregon Trail shareholders who elected to receive stock of
FirstBank will also receive cash as consideration for the Oregon Trail shares
they own. Specifically, each Oregon Trail shareholder who submitted a valid
election for stock consideration will receive 48.27990% stock (multiplied by the
exchange ratio of 1.021 less any fractional share interest of FirstBank common
stock paid at a rate of $28.16 per share) and 51.72010% cash paid at a rate of
$22.00 per share for each share of Oregon Trail common stock they own. The
remaining shares of Oregon Trail common stock for which valid elections were not
submitted will be treated as cash elections. Oregon Trail shareholders who did
not make a valid election will soon receive instructions on the cash exchange
for their Oregon Trail shares.

(8)  EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS

In May 2003, the Financial Accounting Standards Board (FASB) issued SFAS No.
150, "Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equity." SFAS No. 150 is effective for financial instruments
entered into or modified after May 31, 2003, and otherwise is effective at the
beginning of the first interim period beginning after June 15, 2003. SFAS No.
150 requires the classification as a liability of any financial instruments with
a mandatory redemption feature, an obligation to repurchase equity shares, or a
conditional obligation based on the issuance of a variable number of its equity
shares. The Company does not have any authorized preferred shares or other
financial instruments with a mandatory redemption feature. The Company believes
that adoption of SFAS No. 150 will not have a material effect on the Company's
consolidated financial statements.

In April 2003, the FASB issued SFAS No. 149, "Amendment of Statement 133 on
Derivative Instruments and Hedging Activities," effective for contracts entered
into or modified after June 30, 2003. This amendment clarifies when a contract
meets the characteristic of a derivative, clarifies when a derivative contains a
financing component and amends certain other existing pronouncements. The
Company believes the adoption of SFAS No. 149 will not have a material effect on
the Company's consolidated financial statements.

(9)  Derivative financial instrument designated as hedges

As part of the Corporation's asset/liability management, the Corporation uses a
swap agreement to hedge interest rate risk. The derivative used as part of the
asset/liability management process is linked to specific assets and has a high
correlation between the contract and the underlying item being hedged, both at
inception and throughout the hedge period. These derivatives are designated and
qualify as fair value and cash flow hedges of certain assets and liabilities in
accordance with SFAS No. 133, "Accounting for Derivative Instruments and Hedging
Activities" ("SFAS No. 133"), as amended by SFAS No. 137 and No. 138. SFAS No.
133 establishes accounting and reporting standards for financial derivatives,
including certain financial derivatives embedded in other contracts, and hedging
activities. The standard requires the recognition of all financial derivatives
as assets or liabilities in the Company's statement of financial condition at
fair value. The accounting treatment of changes in fair value is dependent upon
whether or not a financial derivative is designated as a hedge and if so, the
type of hedge.


                                                                              10
<PAGE>

In accordance with SFAS No. 133, the Company recognizes all derivatives on the
statement of financial condition at fair value. Fair value is based on dealer
quotes, or quoted prices from instruments with similar characteristics. The
Company uses financial derivatives designated for hedging activities as cash
flow hedges. For derivatives designated as cash flow hedges, changes in fair
value are recognized in other comprehensive income until the hedged item is
recognized in earnings.

The Company formally documents all relationships between hedging instruments and
hedged items, as well as its risk-management objective and strategy for
undertaking various hedge transactions. The Company also formally assesses (both
at the hedge's inception and on an ongoing basis) whether the derivatives that
are used in hedging transactions have been highly effective in offsetting
changes in cash flows of hedged items and whether those derivatives may be
expected to remain highly effective in future periods. The Company will
discontinue hedge accounting prospectively when it determines that the
derivative is no longer an effective hedge, the derivative expires or is sold,
or management discontinues the derivative's hedge designation.

At September 30, 2003, the Company had a swap agreement to exchange monthly
payments on a notional amount of $10 million. The agreement terminates May 29,
2004. Under this two year agreement, the Company swapped a variable rate payment
equal to Prime for a 6.32% fixed rate payment. Amounts to be paid or received on
the interest rate swap will be included into earnings upon the receipt of
interest payments on the underlying hedged loans, including amounts totaling
$109,655 that were included in earnings during the six months ended September
30, 2003. The estimated net amount of the September 30, 2003 existing gains that
are expected to be included into earnings within the next 12 months is
approximately $155,000. During the quarter ending September 30, 2003 the Company
recorded a credit of $34,355, net of $22,225 tax, to other comprehensive income
arising from the change in value of cash flow hedges. During the six months
ending September 30, 2003 the Company recorded a credit of $56,353, net of
$36,456 tax, to other comprehensive income arising from the change in value of
cash flow hedges.


                                                                              11
<PAGE>

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                 FIRSTBANK NW CORP.


DATED:  November 26, 2003        BY: /s/ CLYDE E. CONKLIN
                                     -------------------------------------------
                                         Clyde E. Conklin
                                         President and Chief Executive Officer

                                 BY: /s/ LARRY K. MOXLEY
                                     -------------------------------------------
                                         Larry K. Moxley
                                         Secretary and Chief Financial Officer


                                                                              12