Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, has reported fourth-quarter net income of $1.4 million, or 21 cents a diluted share, up from income of $726,000, or 11 cents a share, in the year-earlier quarter. 

For all of 2016, the company posted earnings of $5.1 million, or 78 cents a share, compared with $3.1 million, or 61 cents a share, in 2015. 

Russell Lee, Northwest Bancorporation’s president and CEO, says in a press release that the company has been focused on executing its long-term plan for growth, and “the benefits to our shareholders of this plan are becoming evident.”

As of Dec. 31, Northwest Bancorporation had total assets of $636.5 million, up from $610.8 million at the end of 2015. 

While up for the year, fourth-quarter assets dropped from $647.9 million on Sept. 30 due to what the company described as an expected decrease in deposits from a single customer. 

Total deposits also rose for the year and decreased quarter over quarter. The company reported $548.4 million in deposits as of Dec. 31, up $22.5 million from a year earlier and down $11.7 million from the end of the third quarter. 

Net loans for the company came in at $490.8 million as of Dec. 31, up $13.5 million from a year earlier and $20.1 million from the end of the third quarter. The company attributed the surge in loan activity to INB’s new loan production office in Richland, Wash.

The bank’s nonperforming assets, defined as loans on which the bank has stopped accruing interest, remained nearly the same. At year-end, INB had $1.5 million in nonperforming assets, representing 0.23 percent of total assets, compared with $1.6 million, or 0.25 percent of all assets, at the end of 2015. 

Headquarted in the Paulsen Center, at 421 W. Riverside in downtown Spokane, Northwest Bancorporation operates a total of 15 INB bank branches, including 11 in Eastern Washington and four in North Idaho. 

Banner

Banner Corp., the Walla Walla, Wash.-based parent of Banner Bank, has posted fourth-quarter net income of $22.8 million, or 69 cents a diluted share, up from income of $6.9 million, or 20 cents a share, in the year-earlier period. 

For all of 2016, Banner posted earnings of $85.4 million, or $2.52 a share, up from $45.2 million, or $1.89 a share, in 2015.

Banner completed its acquisition of Spokane-based AmericanWest Bank in October of 2015. Mark J. Grescovich, Banner’s president and CEO, says in a press release that the company has completed the integration of AmericanWest into its operations, which, he says, “made a dramatic impact on our scale and reach and is providing enhanced opportunity for future client and revenue growth.”

The company reported total assets of $9.79 billion as of Dec. 31, down from $9.84 billion as of Sept. 30 and from $9.8 billion at the end of 2015. 

Net loans receivable increased to $7.37 billion on Dec. 31, up 1 percent from $7.31 billion on Sept. 30 and up 2 percent from $7.24 billion a year earlier. That includes increases in commercial real estate and construction-and-development loans, the company says.

Total deposits came in at $8.12 billion, up slightly from $8.11 billion at the end of the previous quarter and up from $8.06 billion at the end of 2015. 

Banner operates a total of 190 branch offices and has a presence in nine of the top 20 largest metropolitan statistical areas in the western U.S., as ranked by population. In the Spokane-Coeur d’Alene area, the company operates a total of 15 branches. 

Glacier Bancorp

Glacier Bancorp Inc., the Kalispell, Mont.-based company that owns Coeur d’Alene-based Mountain West Bank among its subsidiaries, has posted fourth-quarter net income of $31 million, or 41 cents per diluted share, an increase of 5 percent compared with income of $29.5 million, or 39 cents a share, in the year-earlier quarter. 

The $31 million in earnings set a new record for the quarter, the company says. 

For all of 2016, the company reported net income of $121 million, or $1.59 per diluted share, up from $116 million, or $1.54 a share, in 2015. 

Glacier’s total assets climbed to $9.45 billion as of Dec. 31, up from $9.32 billion on Sept. 30 and $9.09 billion at the end of 2015. 

Year-end total deposits for Glacier came in at $7.37 billion, an increase compared with $7.31 billion at the end of third quarter 2015 and $6.95 billion a year earlier. 

The company had net loans of $5.55 billion at the end of 2016, an increase from $5.46 billion at the end of the most recent third quarter and from $4.95 billion at the end of 2015. 

Nonperforming assets improved during the fourth quarter, the company says. 

As of Dec. 31, the company had $71.4 million in nonperforming assets, down $6.9 million from the previous quarter and a decrease of $8.7 million from a year earlier. 

Glacier Bancorp’s Mountain West Bank has a half-dozen offices in the Spokane-Coeur d’Alene area.