FMSB First Mutual Bancshares (MM)

First Mutual Bancshares, Inc. (Nasdaq:FMSB) today scheduled its second quarter earnings release and conference call. The holding company for First Mutual Bank expects to report earnings for the second quarter of 2005 before the market opens on Wednesday, July 27, 2005. Management will host an analyst call two days later to discuss the results. On Friday, July 29, investment professionals are invited to dial (303) 262-2137 at 7:00 am PDT (10:00 am EDT). All current and prospective shareholders are welcome to listen to the live call or replay through a webcast posted on the bank's website, www.firstmutual.com, where it will be archived for one month. A telephone replay will also be available for a month, beginning approximately two hours after the conclusion of the call, at (303) 590-3000 using passcode 11033040#. In April, First Mutual reported its 50th consecutive quarter of year-over-year earnings growth. Net income was up 12% over the first quarter of 2004 to $2.6 million, or $0.47 per diluted share. First Mutual's consistent performance has garnered attention from a number of sources. In 2004, the company was ranked #23 in the Top 200 Publicly Traded Banks with less than $1 billion in assets by U.S. Banker magazine, based on its three-year ROE. Keefe, Bruyette & Woods named First Mutual to its Honor Roll for the company's 10-year earnings per share growth rate, and Sandler O'Neill's 2004 Bank and Thrift Sm-All Stars named First Mutual among the top 30 performing small banks in the country, among the 592 with market capitalizations below $2 billion. First Mutual Bank was also named Eastside Business of the Year in the 2004 Eastside Business Awards, sponsored by the Bellevue Chamber of Commerce. First Mutual Bancshares, Inc. is the holding company for its wholly owned subsidiary, First Mutual Bank, an independent, community-based bank that operates 12 full-service banking centers in the Puget Sound area, and loan production offices in Tacoma and Vancouver, Washington, and a sales finance office in Jacksonville, Florida.