Northwest Commercial Bank reported a $154,000 net profit for the quarter ended June 30, compared with a net loss of $160,000 for the same period during 2009.
Net interest income for the Lakewood-based bank jumped from $1.34 million for the second quarter of 2009 to $1.71 million for the corresponding quarter this year.
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Jul. 28, 2010 at 1:49pm Northwest Commercial Bank swings back to blackTotal assets increased to $73.59 million as of June 30, compared to $71.7 million on March 31. Deposits also went up, from $60.1 million to $62 million. Northwest Commercial Bank serves small businesses and individuals in Pierce and south King counties and surrounding areas. Plenty more in the Archives The comments function of the Business Examiner community is meant to encourage conversations and spark ideas about business issues in the South Sound. The feature is free and open to members of the public who register basic log in information. Comments should be concise, on topic and avoid attacks, profanity or abusive language or content. Comments that are deemed to violate this policy will be removed.
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