First Niles Financial Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company's interest income was $641,000 compared to $623,000 a year ago. Net interest income was $429,000 compared to $421,000 a year ago. Income before income tax expenses was $17,000 compared to $16,000 a year ago. Net income was $40,000 or $0.03 per basic and diluted share, compared to $32,000 or $0.03 per basic and diluted share, a year ago. Return on average assets was 0.16% compared to 0.13% a year ago.

For the year, the company's interest income was $2,699,000 compared to $2,593,000 a year ago. Net interest income was $1,889,000 compared to $1,613,000 a year ago. Income before income tax expenses was $175,000 compared to $147,000 a year ago. Net income was $212,000 or $0.19 per basic and diluted share, compared to net loss of $225,000 or $0.20 per basic and diluted share, a year ago. Book value per share was $10.65 compared to $10.51 a year ago. The increase in net interest income after the provision for loan losses in 2015 was primarily attributable to a $215,000 lower provision for loan losses on a comparative year basis. Return on average assets was 0.22% compared to 0.23% a year ago.