July 17, 2014 in Business

Northwest Bancorporation

Holding company for Inland Northwest Bank
 
Stock symbol:

NBCT

Reporting period:

2Q

Earnings:

Profit of $758,000

18 cents per share

Versus 2Q 2013:

Profit of $1.2 million

(33 cents per share)

Revenue: Total revenue was $4.7 million, the same as 2Q 2013, the company reported.

For the first six months of 2014 revenue fell to $9.1 million, down from $9.7 million a year ago, due largely to a drop in mortgage refinancing.

Analysis:

Company CEO Randy Fewel said noninterest income dropped by $224,000 in the quarter, to $870,000. Much of that relates to lower service charges and lower income from foreclosed real estate properties.


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