Mountain West Bank announced record earnings and growth Friday for the first six months of the current fiscal year.
As of Sept. 30, total assets grew to $54.5 million, up 24 percent over a six-month period. Deposits increased 27 percent to $48.1 million. After-tax earnings were $235,000.
As the top Small Business Administration lender in North Idaho, Mountain West produced more than $30 million in loans since March 31.
The 4-year-old independent bank has branches in Coeur d’Alene, Hayden and Post Falls.