First Independent net up 31.2 percent

First Independent Capital of Nevada, the Reno-based parent of First Independent Bank of Nevada, earned $1.28 million in the second quarter, a 31.2 percent increase over the $979,000 it earned in the same quarter a year ago.

The bank said its assets grew 13.8 percent during the 12-month period and stood at $370 million on June 30. Loans were up by 28.7 percent to $265 million and deposits rose 10.9 percent to $325 million on June 30.

The company operates four branches in Reno, Sparks and Fallon.