Northrim profits up 26 percent

Posted: Wednesday, April 19, 2000

ANCHORAGE (AP) -- Northrim Bank's first-quarter profits were $1.2 million, up 26 percent from the same three months last year, the bank reported.

Earnings per share were 22 cents on 5.6 million shares, compared with 26 cents on 3.7 million shares in last year's first quarter, a decrease of 15 percent, Marc Langland, chairman and chief executive, said Monday.

The Anchorage-based bank also reported that assets were $513 million, up 52 percent. Deposits increased 50 percent to $457 million.

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