August 11, 2012 in Business

Northwest Bancorporation earnings

Parent company of Inland Northwest Bank
 
Stock symbol:NBCT
Reporting period:

2Q

Earnings:

Profit of $289,000

(4 cents per share)

Versus 2Q 2011:

(Loss of $249,000)

(14 cents per share)

Deposits: $334.3 million

An increase of $2.2 million, or 0.7 percent, since December 2011.

Assets: $388.7 million

Increase of $3 million, or 0.8 percent, compared with December 2011.

Analysis:

“We continue to be in an environment of extremely slow growth, and that will probably continue to be the case until the local economy rebounds and we start seeing a significant increase in jobs in the Inland Northwest,” said CEO Randy Fewel.

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