Northwest Bancorporation Inc., the Spokane-based parent of Inland Northwest Bank, reported today third-quarter net income available to common shareholders of $976,000, or 23 cents a diluted share, up from income of $708,000, or 22 cents a share, in the year-earlier period.

For the nine months ended Sept. 30, the company posted income of $2.3 million, or 55 cents a share, up from $2.2 million, or 70 cents a share, in the year-earlier period.

The company said it was its 11th consecutive quarter of profitability.

INB had $421.3 million in total assets as of Sept. 30, up from $393.5 million a year earlier.

Randall L. Fewel, president and CEO of Inland Northwest Bank, said in a release, “Total assets of $421 million is a new record for our company. We are very pleased to be setting a new record for total assets as we are celebrating the 25-year anniversary of the founding of Inland Northwest Bank.”

Net loans at INB hit $321 million as of Sept. 30, up from $291.4 million a year earlier. Meantime, the bank’s nonperforming assets were $1.6 million at the end of the quarter, down from $7.8 million a year earlier.

INB operates 11 branches in Eastern Washington and North Idaho.