First Financial Northwest, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, total interest income was $9,748,000 against $11,646,000 a year ago. Interest income decreased due to the $66.9 million or 9.3% decrease in average loan portfolio. Net interest income was $7,038,000 against $7,623,000 a year ago. Net interest income after provision for loan losses was $7,038,000 against $7,023,000 a year ago. Income before federal income tax benefit was $1,511,000 against $927,000 a year ago. Net income was $1,511,000 or $0.09 per basic and diluted share against $927,000 or $0.05 per basic and diluted share a year ago. Return on assets was 0.63% against 0.34% a year ago. Return on equity was 3.25% against 2.05% a year ago.

For the full year, total interest income was $41,466,000 against $51,052,000 a year ago. Net interest income was $29,220,000 against $32,567,000 a year ago. Net interest income after provision for loan losses was $26,170,000 against $27,867,000 a year ago. Income before provision (benefit) for federal income tax was $1,714,000 against $4,242,000 a year ago. Net income was $2,713,000 or $0.15 per basic and diluted share against $4,242,000 or $0.24 per basic and diluted share a year ago. Return on assets was 0.27% against 0.37% a year ago. Return on equity was 1.47% against 2.36% a year ago.