First Niles Financial Inc. reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net income of $39,000 compared to net income of $127,000 for the same period in 2015, a decrease of $88,000. Primary earnings per basic and diluted share was $0.03, compared to $0.11 for the same period in 2015.

Net interest income after the provision for loan losses totaled $411,000, compared to $477,000 for the first quarter of 2015, a decrease of $66,000. Total interest income was $640,000, a $1,000 increase from the same period in 2015. Net interest income was $411,000 against $477,000 a year ago.

Income before including tax expense was $11,000 against $159,000 a year ago.