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First Financial Northwest, Inc. Reports Net Income For The Fourth Quarter Of $1.5 Million Or $0.09 Per Share And $2.7 Million Or $0.15 Per Share For The Year Ended December 31, 2012

The following table presents a breakdown of our troubled debt restructured loans ("TDRs"):

        Three Month One Year
  December 31, September 30, December 31, Increase/ Increase/
  2012 2012 2011 (Decrease) (Decrease)
  (In thousands)
Nonperforming TDRs:          
One-to-four family residential  $ 3,422   $ 3,907   $ 3,994   $ (485)   $ (572)
Multifamily  1,058  1,058  --  --  1,058
Commercial real estate  --  --  902  --  (902)
Construction/land development  --  --  183  --  (183)
Consumer  48  48  --  --  48
Total nonperforming TDRs  4,528  5,013  5,079  (485)  (551)
Performing TDRs:          
One-to-four family residential  52,644  52,467  52,768  177  (124)
Multifamily  1,239  1,243  2,504  (4)  (1,265)
Commercial real estate  11,965  11,058  10,883  907  1,082
Consumer  --  --  70  --  (70)
Total performing TDRs  65,848  64,768  66,225  1,080  (377)
Total TDRs   $ 70,376   $ 69,781   $ 71,304   $ 595   $ (928)

During the fourth quarter of 2012, TDRs increased $595,000 to $70.4 million, compared to $69.8 million at September 30, 2012. Our philosophy is to restructure the loan so that the customer can continue to make payments while minimizing the potential loss to the Bank. As part of the restructure, the portion of the loan that is determined to be uncollectable is charged-off. After the restructure, the Bank expects full payment of the restructured amount. At December 31, 2012, $65.8 million, or 93.6% of TDRs were performing in accordance with their repayment terms. One-to-four family residential TDRs comprised 79.7% of total TDRs at December 31, 2012, compared to 80.8% at September 30, 2012. Commercial real estate TDRs comprised 17.0% of total TDRs at December 31, 2012, compared to 15.8% at September 30, 2012.

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