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Local News - Local News - February 28, 2013 |
By Treva Lind
Of the Journal of Business
Northwest Farm Credit Services, the big Spokane-based agricultural lender and crop insurance provider, has reported record net income of $187.3 million for 2012, up from prior-year earnings of $159.2 million, which also were a record.
The association's loan volume grew by 6.2 percent during the year to $9 billion.Meanwhile, nonaccrual loans, on which the association isn't collecting interest, declined 30 percent, ending the year at 1.9 percent of total loans.
Northwes...
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The association's loan volume grew by 6.2 percent during the year to $9 billion.Meanwhile, nonaccrual loans, on which the association isn't collecting interest, declined 30 percent, ending the year at 1.9 percent of total loans.
Northwes...
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