First Niles records 4th quarter net loss


NILES

First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, recorded a net loss of $5,000 for the fourth quarter of 2017 after recording a tax reform write-down in its deferred tax asset value of $148,000.

Excluding the one-time DTA adjustment, earnings for the fourth quarter of 2017 totaled $143,000, compared with a net loss of $47,000 for the same quarter in 2016.

Excluding the one-time DTA adjustment, earnings for the fourth quarter of 2017 totaled $143,000, compared with a net loss of $47,000 for the same quarter in 2016.

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