Net interest income for the fourth quarter of 2012 decreased $173,000 to $7.0 million, compared to the third quarter of 2012, and decreased $585,000, as compared to the same period in 2011. Net interest income for the twelve months ended December 31, 2012 decreased $3.4 million, or 10.3%, to $29.2 million, as compared to $32.6 million for the year ended December 31, 2011.Interest income for the fourth quarter of 2012 decreased $1.9 million to $9.7 million, compared to the same quarter in 2011, primarily due to the $66.9 million or 9.3% decrease in our average loan portfolio. The decline in our loan portfolio was the result of loan payoffs, short sales, charge-offs and transfers of nonperforming loans to OREO, exceeding loan originations during the year. Interest income for the fourth quarter of 2012 decreased $409,000 to $9.7 million, compared to the third quarter of 2012. Interest income for the year ended December 31, 2012 was $41.5 million, a decrease of $9.6 million, or 18.8%, from December 31, 2011. This decrease reflects the continuing low interest rate environment and was primarily due to a $104.3 million decline in the average balance of loans during the year.
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
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