Idaho Bank Reports Earnings Of $385,681

Sandpoint’s Panhandle State Bank reported first quarter 1996 earnings Wednesday of $385,681.

The total represents an after-tax return on assets of 1.87 percent and an after-tax return on equity of 19.89 percent.

For the past 12 months, Panhandle’s total assets increased by 24.23 percent to $82.6 million. The bank continues to construct a new branch in Ponderay to add to its Sandpoint and Bonners Ferry branches. , DataTimes