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First Financial Northwest reports Q4 net loss

Banking group First Financial Northwest has reported a net loss of $10.4 million for the fourth quarter ended December 31, 2007, compared to a net income of $802,000 for the corresponding period in 2006.

Net interest income was $8.2 million for the fourth quarter, an increase of $4.3 million compared to $3.9 million for the same period in 2006. Non-interest expense was $20.1 million for the quarter, an increase of $17.1 million compared to the corresponding period of 2006.

For the full-year period, net loss was $4 million compared to a net income of $7.1 million for the same period in 2006. Net interest income was $23.7 million for 2007, an increase of $5.7 million compared to $18 million in 2006.