Meadows Bank announces earnings report
Meadows Bank, headquartered in Las Vegas with a branch in Reno, posted Net Income After Tax of $5,625,000 in the first half of 2017 which was 41% higher than the $4,003,000 it earned during the same period in 2016.
On June 30,the bank had Total Loans of $610.2 million which represented a 14 percent growth or $76.2 million over loans outstanding at June 30, 2016. Meanwhile, Total Deposits grew by $84 million from 6/30/16 to $613.1 million at June 30, 2017. Also, as of June 30, 2017, Total Assets grew to $727.4 million while Total Equity Capital grew to $76.2 million.
Separately, Meadows Bank announced that in the second quarter it opened a new SBA Loan Production Office in Vancouver, Wash.
The Northern Nevada Chapter of the American Institute of Architects recently presented Hawkins and Associates with the 2019 Commercial Architecture Citation Award for Design Excellence for the renovated building.