First Niles Financial, Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. The Company recorded a net loss of $47,000 for the quarter ended December 31, 2016 compared to net income of $40,000 for the same quarter in 2015. Return on average assets was negative 0.20% against return on assets of 0.16% a year ago. Basic and diluted loss per share was $0.04 as compared to profit of $0.03 comparative periods in 2015. Net interest income after the provision for loan losses for the fourth quarter of 2016 was $341,000 as compared to $429,000 for the same quarter in 2015, a decrease of $88,000. Loss before inc. tax exp. was $115,000 against income of $17,000 a year ago. The decrease in net interest income after the provision for loan losses in 2016 was primarily attributable to a $287,000 decrease in total interest income a $56,000 increase in the provision for loan loss and a $52,000 increase in interest expense on a comparative year basis. For the year ended December 31, 2016 the company recorded net income of $24,000 compared to net income of $212,000 for the year ended December 31, 2015. Return on average assets was 0.02% against 0.22% a year ago. Basic and diluted earnings per share were $0.02 as compared to $0.19 comparative periods in 2015. Net interest income after the provision for loan losses for the year ended December 31, 2016 was $1.5 million, a decrease of $395,000, as compared to 2015. The decrease in net interest income after the provision for loan losses in 2016 was primarily attributable to a $287,000 decrease in total interest income a $56,000 increase in the provision for loan loss and a $52,000 increase in interest expense on a comparative year basis. Book value per share at December 31, 2016, was $10.39 against $10.65 at December 31, 2015. Loss before inc. tax exp. was $133,000 against income of $175,000 a year ago.