First Niles Reports 4Q Net Income of $32,000

NILES, Ohio -- First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Tuesday reported fourth-quarter net income of $32,000, or three cents a share, and full-year 2014 net income of $225,000, or 20 cents a share. This compares to fourth-quarter 2013 net income of $23,000, or two cents a share, and a full-year 2013 net loss of $284,000, or a loss of 26 cents per share. Return on average assets for the three months and year ended Dec. 31 was 0.13%

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