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Local News - Local News - August 16, 2012 |
By Treva Lind
Of the Journal of Business
Northwest Farm Credit Services, of Spokane, says it had second-quarter net income of $56.1 million, up sharply from $29.4 million in the 2011 second quarter.
For the first six months of 2012, the federally chartered ag lender reports earnings of $101.1 million, up from $71.6 million in the first half of last year.
The cooperative says the increased income is due mostly to a reduced provision for loan losses and a refund of premiums paid to the Farm Credit System Insur...
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For the first six months of 2012, the federally chartered ag lender reports earnings of $101.1 million, up from $71.6 million in the first half of last year.
The cooperative says the increased income is due mostly to a reduced provision for loan losses and a refund of premiums paid to the Farm Credit System Insur...
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