Bank holding company sees earnings rise

Intermountain Community Bancorp, of Spokane, ended 2007 with more than $1 billion in assets, and earnings slightly above those for 2006.

The Sandpoint-based holding company Monday reported net income for the year climbed 2.6 percent to $9.4 million. The per-share income was $1.10, 2.8 percent better than 2006.

Results also improved for the fourth quarter. Net income rose almost 21 percent to $2.8 million, or 32 cents per share.

Intermountain assets, at $1.05 billion, increased 14 percent. Loans also climbed nearly 14 percent, to $756.5 million. Deposits stood at $757.8 million, up 9.3 percent.

Return on assets was 1.04 percent and return on average equity was 12.4 percent.

Intermountain is the parent of Panhandle State Bank, Intermountain Community Bank, Intermountain Community Bank Washington, and Magic Valley Bank, which together have 20 locations in Idaho, Washington and Oregon.

•Neville Isdell, the chief executive of Coca-Cola Co., received total compensation valued at $21.6 million in 2007, a more than 3 percent increase from the year before, according to a regulatory filing on Monday by the world’s largest beverage maker.

According to an analysis of the filing with the Securities and Exchange Commission, Isdell, 64, was granted a salary of $1,612,500 and a performance-based bonus of $6,649,500.

Other compensation included $341,849 for aircraft usage, $80,116 for a car and driver, $117,065 for security, $48,169 for tax reimbursements, $213,375 for contributions to company thrift plans and $3,492 for life insurance premiums. He received another $13,000 for financial planning, but that figure wasn’t reflected in a proxy table because it was below a certain threshold, a company spokesman said.

•Starbucks Corp. has named a new president for its U.S. operations, where stores have suffered a decline in customer traffic in recent months.

Cliff Burrows, who has served as president of the coffee retailer’s Europe, Middle East and Africa division, will succeed Launi Skinner, who is resigning less than eight months after she got the job.

In a statement Monday, Starbucks said Skinner is stepping down to spend more time with her family.

Martin Coles, Starbucks’ chief operating officer, said the company has high expectations for Burrows, whom he credited with spurring the company’s growth and profitability overseas.