Business News • MarketWire • Idaho First Bank Reports Year-End Results and Continued Quarterly Income |
Idaho First Bank Reports Year-End Results and Continued Quarterly Income |
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Idaho First Bank Reports Year-End Results and Continued Quarterly Income
MCCALL, ID--(Marketwire - Jan 26, 2012) - Today Idaho First Bank (OTCQB: IDFB) (OTCBB: IDFB) reported financial results for 2011. Continuing the improving quarterly trends, the Bank reported net income of $71,000 for the fourth quarter. The net income for the fourth quarter of 2011 compares favorably to the net loss of $391,000 in the fourth quarter of 2010. The quarterly income was attributable to increased net interest income from loan growth, reduced provision for credit losses and a record quarter for the Bank's mortgage operation. "The Board is proud of the hard work of staff and management in reaching our second consecutive quarter of profitability," stated Mark Miller, Chairman of the Board of Directors.
View More : http://www.marketwire.com/mw/release.do?id=1611713&sourceType=3
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