First Financial Northwest, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income was $9.61 million against $9.77 million a year ago. This decline was due in large part to repayments received on higher yielding loans during the quarter, resulting in a decline in the Company's loan balances and portfolio yield. Net interest income was $8 million against $8.07 million a year ago. Income before federal income tax provision was $4.58 million against $4.28 million a year ago. Net income was $2.94 million against $3.93 million a year ago. Diluted earnings per share were $0.20 against $0.25 a year ago. Return on assets was 1.27% against 1.86% a year ago. Return on equity was 6.73% against 9.06% a year ago.

For the full year, the company reported total interest income was $38.69 million against $38.54 million a year ago. This modest increase was due primarily to a slightly higher average balance of loans outstanding during the year ended December 31, 2014, as compared to last year. Net interest income was $32.45 million against $31.01 million a year ago. Income before federal income tax provision was $16.54 million against $10.92 million a year ago. Net income was $10.69 million against $24.46 million a year ago. Diluted earnings per share were $0.71 against $1.46 a year ago. Return on assets was 1.17% against 2.73% a year ago. Return on equity was 5.85% against 13.12% a year ago. Book value per share was $11.96 against $11.25 a year ago.