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Latest News

Rural medicine conferences to draw 300 attendees from five-state area

March 24, 2011
Two health care conferences with the joint title Retrofitting For Reform are scheduled to convene in Spokane next week. A total of about 300 participants from Washington, Idaho, Oregon, Montana, and Alaska are expected to attend the Northwest will
Read More

Intermountain reports deeper loss; core deposits rise

Decline in assets, loans seen as Sandpoint bank works off its bad loans
March 24, 2011
Treva Lind
Sandpoint-based Intermountain Community Bancorp, which operates Panhandle State Bank and Intermountain Community Bank, posted a full-year 2010 net loss of $33.5 million, or $3.99 per common share, compared with a net loss of $23.6 million, or $2.82
Read More

Idaho Independent sees smaller net loss in 2010

Cd'A-based bank reduces bad land loans, maintains capital as climate improves
March 24, 2011
Treva Lind
Coeur d'Alene-based Idaho Independent Bank has reported a net loss of $5.7 million, or 89 cents a diluted share, for 2010, down from a loss of $6.7 million, or $1.06 per diluted share, in 2009. The 2010 loss reflects the posting of a $3.1 tax a
Read More

Wheatland Bank's earnings rise slightly, deposits jump

Loans slip 7.8 percent, but institution boosts capital; assets increase
March 24, 2011
Kim Crompton
Wheatland Bank, of Spokane, says it posted net income of just over $1.1 million last year, up about $92,000 from 2009, and had strong increases in deposits and assets, but a decline in loans, similar to what many other banks here M. Horton, CEO, of
Read More
—Photo by Chey Scott

Helping public-sector clients keep their books straight

Small software firm here markets product designed to meet state's standards
March 24, 2011
Chey Scott
Small cities and other local governments throughout Washington and parts of Oregon rely on software that's designed and sold by a relatively young Spokane company, BIAS Software Inc., to track daily management and financial operations. Company a
Read More

Numerica's net income rises dramatically in 2010

Credit union more than doubled earnings; loans, deposits, assets also grew
March 24, 2011
Chey Scott
Numerica Credit Union, of Spokane, says it more than doubled its earnings in 2010 compared with the year earlier, with increases in its deposits, loans, and assets.The credit union reported 2010 net income of $11.3 million, a 249 percent from it
Read More

STCU's net income leaps, loans increase 7 percent

Credit union averaged more than 1,000 new accounts a month in '10
March 24, 2011
Kim Crompton
Spokane Teachers Credit Union says it posted net income of $16.2 million in 2010, up nearly double from $9.1 million in 2009, and also had decent gains in loans and deposits, despite the continuing economic slump.The credit union—Spokane's
Read More
—Staff photo by Treva Lind

Retirement-planning tool created here

Vickerman & Driscoll seeks to assist clients with online "bucket" system for figuring needed income
March 24, 2011
Treva Lind
Spurred by the 2008 financial collapse, Spokane-based Vickerman & Driscoll Financial Advisors Inc. has developed a new retirement planning tool that breaks up post-employment income into a monthly spending plan instead of focusing on a lump-sum can
Read More

Financial companies lose trust

Study finds nearly half of those surveyed trust industry less than in '09
March 24, 2011
Despite a U.S. economic recovery from the depths of the financial crisis, nearly half of individual investors trusted financial-services companies less in 2010 than the previous year. Edelman's second annual Trust in U.S. Financial Services that
Read More
—Staff photo by Mike McLean

Community reinvested

Banks pursue lending targets despite declines in loan demand
March 24, 2011
Mike McLean
Though credit is tight and demand for loans is down, bankers here are looking for opportunities to ensure that they provide financial services fairly throughout their communities in accordance with the federal Community Reinvestment Act.The CRA
Read More
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