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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WMNFIum7f6E+cmbEqCfU1ZCDhqTVzcoMwKLPIL0XA56Y+DoCHvgeWimyuRLBHYwQ
 D0HX/1XCIL/xtO2BjWceyg==

<SEC-DOCUMENT>0001072613-07-001027.txt : 20070430
<SEC-HEADER>0001072613-07-001027.hdr.sgml : 20070430
<ACCEPTANCE-DATETIME>20070430115434
ACCESSION NUMBER:		0001072613-07-001027
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070426
FILED AS OF DATE:		20070430
DATE AS OF CHANGE:		20070430

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ROWLEY GEORGE W JR
		CENTRAL INDEX KEY:			0001226156

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28261
		FILM NUMBER:		07798617

	MAIL ADDRESS:	
		STREET 1:		1595 NW GILMAN BLVD
		CITY:			ISSAQUAH
		STATE:			WA
		ZIP:			98027

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST MUTUAL BANCSHARES INC
		CENTRAL INDEX KEY:			0001098337
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				912005970
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		400 108TH AVENUE N E
		STREET 2:		.
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98004
		BUSINESS PHONE:		4254535301

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1647
		STREET 2:		.
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98009-1647
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-rowley_15109ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-04-26</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001098337</issuerCik>
        <issuerName>FIRST MUTUAL BANCSHARES INC</issuerName>
        <issuerTradingSymbol>FMSB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001226156</rptOwnerCik>
            <rptOwnerName>ROWLEY GEORGE W JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FIRST MUTUAL BANCSHARES INC.</rptOwnerStreet1>
            <rptOwnerStreet2>400 108TH AVENUE, N.E.</rptOwnerStreet2>
            <rptOwnerCity>BELLEVUE</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Non-Qualified Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>22.06</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-04-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2013-04-26</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">1,000 shares exercisable 4/26/08, 1,000 exercisable 4/26/09.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: /s/ Janine Berryman, as Attorney-in-Fact pursuant to a Power of Attorney previously filed.</signatureName>
        <signatureDate>2007-04-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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