Mountain West Has Record Performance
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.