Northrim Bank reports higher profit in 2nd quarter

Posted: Tuesday, July 18, 2000

ANCHORAGE (AP) -- Northrim Bank on Monday reported strong earnings growth in the second quarter.

The Anchorage-based bank said its profit for the three-month period was $1.4 million, up 33 percent from the $1.05 million earned in the same period a year ago.

For the first six months of 2000, Northrim said it earned $2.6 million, 30 percent more than in the first six months of 1999.

The bank's total assets at the end of June were $539 million, up from about $505 million a year earlier.

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