Business News • MarketWire • Idaho First Bank Reports 2012 Mid-Year Results |
Idaho First Bank Reports 2012 Mid-Year Results |
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Idaho First Bank Reports 2012 Mid-Year Results
MCCALL, ID--(Marketwire - Jul 26, 2012) - Today Idaho First Bank (OTCQB: IDFB) reported financial results for the first half of 2012. The Bank reported net income of $39,000 for the first half, compared to a loss of $269,000 in the first half of 2011. Compared to the prior year, the change was attributable to a 40% increase in net interest income. This was driven by loan growth and an improving net interest margin. Net interest margin improved from 2.68% in the first half of 2011 to 3.79% in the first half of 2012. "The Board is proud of the hard work of staff and management in reaching our fourth consecutive quarter of profitability," stated Mark Miller, Chairman of the Board of Directors.
View More : http://www.marketwire.com/mw/release.do?id=1684527&sourceType=3
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