Source Capital Posts Increase In Earnings

Thu., Feb. 4, 1999

From Staff

Source Capital Corp. reported on Wednesday a 13 percent increase in fourth quarter net income compared with the same period in 1997, and slight growth for the year as a whole.

The Spokane commercial lender’s net for the quarter was $237,921, or 15 cents per diluted share, compared with $209,759, also 15 cents per share.

For 1998 the net was $744,649, or 50 cents per diluted share, compared with $738,960, or 54 cents per share, for 1997.

Net loans and leases jumped 38 percent to $54.4 million year-over-year. Real estate owned and repossessed equipment declined to $393,000.

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Source Capital Posts Increase In Earnings

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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