First Northwest Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported total interest income of $7,941,000 compared with $6,717,000 a year ago. Net interest income was $6,760,000 compared with $6,297,000 a year ago. Income before provision for income taxes was $955,000 compared with $1,138,000 a year ago. Net income was $713,000 or $0.06 per basic and diluted share compared to $882,000 a year ago. Net income decreased $515,000, or 41.9%, compared to the prior quarter primarily due to an increase in noninterest expense related to compensation and benefits and approximately $307,000 decline in net gain on sale of real estate owned and repossessed assets compared to the prior quarter. Return on average assets was 0.30% compared with 0.43% a year ago. Return on average equity was $1.49 compared with $4.25 a year ago. Net income decreased $515,000, or 41.9%, compared to the prior quarter primarily due to an increase in noninterest expense related to compensation and benefits and approximately $307,000 decline in net gain on sale of real estate owned and repossessed assets compared to the prior quarter.

For the six months, the company reported total interest income of $15,465,000 compared with $13,347,000 a year ago. Net interest income was $13,057,000 compared with $11,124,000 a year ago. Income before provision for income taxes was $2,600,000 compared with $2,286,000 a year ago. Net income was $1,941,000 or $0.16 per basic and diluted share compared to $1,731,000 a year ago.