Revenue during the quarter went down marginally by 1.18 percent to $8.71 million from $8.81 million in the previous year period. Net interest income for the quarter rose 16.57 percent over the prior year period to $8.93 million. Non-interest income for the quarter rose 50.56 percent over the last year period to $0.67 million.

First Financial Northwest has made provision of $0.90 million for loan losses during the quarter, compared with a negative provision of $0.70 million in the same period last year.

Net interest margin improved 26 basis points to 3.64 percent in the quarter from 3.38 percent in the last year period. Efficiency ratio for the quarter improved to 54.69 percent from 66.34 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

"We are extremely pleased with the improved earnings that resulted from our growth of $160.9 million in loans receivable over the first nine months of the year," stated Joseph W. Kiley III, president and chief executive officer. "This growth was achieved mainly through internal loan origination channels and, to a lesser extent, through purchases of loans. Specifically, we supplemented our internal loan originations by purchasing $58.3 million in commercial real estate loans during the first three quarters of 2016, consisting of a $30.0 million purchase of eight loans during the quarter ended March 31, 2016, a $19.8 million purchase of five loans during the quarter ended June 30, 2016, and an $8.5 million purchase of one loan during the quarter ended September 30, 2016. Included in these commercial real estate loan purchases were $18.1 million of commercial real estate loans secured by properties located in Washington, including the loan purchased during the quarter ended September 30, 2016, that is secured by a commercial real estate property located in Renton, Washington. The remaining balance of $40.2 million of commercial real estate loan purchases were secured by properties located in Arizona, California, Colorado, Oregon, and Utah, reflecting our efforts to geographically diversify our loan portfolio with loans meeting our investment and credit quality objectives," continued Kiley.

Investments stood at $133.86 million as on Sep. 30, 2016, up 6.33 percent or $7.97 million from year-ago. Shareholders equity stood at $151.05 million as on Sep. 30, 2016, down 13.66 percent or $23.90 million from year-ago.

Return on assets moved down 1 basis points to 1 percent in the quarter from 1.01 percent in the last year period. At the same time, return on average equity increased 89 basis points to 6.39 percent in the quarter from 5.50 percent in the last year period.

Nonperforming assets moved down 48.92 percent or $3.26 million to $3.40 million on Sep. 30, 2016 from $6.66 million on Sep. 30, 2015. Meanwhile, nonperforming assets to total assets was 0.32 percent in the quarter, down from 0.68 percent in the last year period.