Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported second-quarter net income of $1.05 million, or 16 cents a diluted share, down from income of $1.27 million, or 20 cents a share, in the year-earlier quarter. 

For the first six months of 2017, the company posted net income of $2.02 million, or 31 cents a share, compared with $2.11 million, or 32 cents a share, in the year-earlier period. 

Northwest Bancorp completed its acquisition of Hood River, Ore.-based CenterPointe Community Bank in July, and the company said acquisition expenses contributed to the dip in earnings. 

Even though net income declined, company President and CEO Russell Lee says in an earnings release that INB has had strong loan growth. Also, he says, the bank has grown in its established Spokane-Coeur d’Alene markets, and its efforts in the Tri-Cities have exceeded his expectations. 

“We have gained some momentum on the balance sheet after a somewhat slow start in the first quarter,” Lee says. 

As of June 30, Northwest Bancorp had net loans of $530.2 million, up $51.1 million, or 10.7 percent, from a year earlier. 

Its total assets increased year over year as well, to $639.7 million on June 30 from $594 million a year earlier. 

Total deposits rose year over year by $42.3 million, or 8.3 percent, to $549.6 million on June 30.

Headquartered in the Paulsen Center, at 421 W. Riverside in downtown Spokane, Inland Northwest Bank operates 21 offices in Washington, Idaho, and Oregon, including nine in the Spokane-Coeur d’Alene market. 

Northwest Bancorp’s acquisition of CenterPointe Community Bank added four branches, and the combined company has about $800 million in total assets. 

Community 1st Bank

Community 1st Bank, of Post Falls, has posted second-quarter net income of $180,000, or 16 cents a share, up from $128,000, or 12 cents a share, in the year-earlier period. 

For the first half of this year, the bank reported earnings of $300,700, or 24 cents a share, up slightly from $299,900, or 25 cents a share, in the first half of 2016.

Dave Bobbitt, chairman and CEO of the bank, says in a press release that the bank opened a new loan-production office in downtown Coeur d’Alene, but it was able to absorb the cost of that expansion and increase its earnings. 

“We are thankful for the exceptional year 2017 has been so far,” Bobbitt says. 

As of June 30, Community 1st had total loans of $71.6 million, up 19 percent from loans of $60.3 million a year earlier. 

The bank said that loan growth fueled its increase in total assets, which rose to $115.7 million as of June 30, up from $108.7 million a year earlier. 

Community 1st’s total deposits at the end of the second quarter came in at $102.9 million, up from $96.4 million a year earlier. 

Founded with the stated mission of serving small- and medium-sized businesses in the greater Kootenai County area, the bank operates branches in Post Falls and Coeur d’Alene, in addition to the new loan office. It has received a five-star rating, the highest available, from BauerFinancial, an independent banking rating agency.

Banner

Banner Corp., the Walla Walla-based parent of Banner Bank, reported second-quarter earnings of $25.5 million, or 77 cents a diluted share, up from $21 million, or 72 cents a share, in the year-earlier quarter. 

For the first six months of 2017, the company posted net income of $49.2 million, or $1.49 a share, up from $38.7 million, or $1.14 a share, in the first half of 2016. 

The company didn’t have any acquisition-related costs in the first half of this year, compared with $9.2 million in such expenses in the first half of 2016. 

Mark J. Grescovich, Banner’s president and CEO, says in a release that the company crossed the threshold of $10 billion in total assets, which has caused it to incur additional costs related to regulatory compliance and enhanced infrastructure. 

“While regulatory costs are a significant headwind … we are continuing to execute our strategies to deliver revenue growth, sustainable profit, and increasing value to our shareholders,” Grescovich says. 

Banner reported total assets of $10.2 billion as of June 30, up from $9.92 billion a year earlier. 

Net loans increased 3 percent to $7.46 billion on June 30 from $7.24 billion a year earlier. 

Total deposits rose by 7 percent to $8.48 billion at the end of the second quarter from $7.92 billion on June 30, 2016. 

Between Banner Bank and Islanders Bank, Banner Corp. operates 190 branch offices in five western U.S. states. In the Spokane-Coeur d’Alene area, the company operates 17 Banner branches. 

Early in the current third quarter, Banner agreed to sell its seven branches in Utah to People’s Intermountain Bank, of American Fork, Utah. Subject to regulatory approval, that transaction is scheduled to be completed in the fourth quarter. Those seven branches have about $260 million in loans and $180 million in deposits.  

Glacier Bancorp

Glacier Bancorp Inc., the Kalispell, Mont.-based bank holding company that owns Coeur d’Alene-based Mountain West Bank, posted second-quarter net income of $33.7 million, or 43 cents a diluted share, compared with income of $30.5 million, or 40 cents a share, in the year-earlier quarter. 

For the first six months of the year, Glacier reported earnings of $64.9 million, or 84 cents a share, up from $59.1 million, or 78 cents a share, in the first half of 2016. 

The company reported total loans of $6.35 billion as of June 30, up from $5.38 billion a year earlier. 

Total assets came in at about $9.9 billion at the end of the second quarter, up from $9.2 billion on June 30, 2016. 

Randy Chesler, Glacier’s president and CEO, said in an earnings release, “Our 14 divisions … continue to post impressive operating results. It’s great to see our strong momentum continue.”