k11410.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  January 14, 2010
 
First Financial Northwest, Inc.    
(Exact name of registrant as specified in its charter)

Washington
  
001-3365
  
26-0610707
State or other jurisdiction of
Incorporation
  
Commission
File Number
  
(I.R.S. Employer
Identification No.)
         
 
201 Wells Avenue South, Renton, Washington
98057
 
      (Address of principal executive offices)
  
(Zip Code)
 
Registrant’s telephone number (including area code) (425) 255-4400
 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

 

 
 
 

Item 8.01 Other Events.

On January 14, 2010, First Financial Northwest, Inc. (“Company”), the holding company for First Savings Bank Northwest (“Bank”), announced that it expects to record a provision for loan losses of approximately $24.0 to $26.0 million for the fourth quarter of 2009.  Net charge-offs against the allowance for loan losses for the fourth quarter are expected to be approximately $22.0 to $24.0 million. The balance available in the allowance for loan losses after the charge-offs will increase to approximately $33.0 to $35.0 million at December 31, 2009. The full text of the press release announcing the increased provision for loan losses is attached hereto as Exhibit 99.1 and incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits

(d)           Exhibits

99.1           Press Release dated January 14, 2010

 
 
 
 
SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
  FIRST FINANCIAL NORTHWEST, INC. 
   
   
   
DATE: January 14, 2010  By:/s/Victor Karpiak                                            
        Victor Karpiak 
        President and Chief Executive Officer