The Wahkiakum County Eagle - Established as The Skamokawa Eagle in 1891

Pacific Financial earnings increase

 

April 27, 2017



Pacific Financial Corporation, the holding company for Bank of the Pacific reported April 20, net income increased 9 percent to $1.6 million, or $0.15 per share, for the first quarter of 2017, compared to $1.5 million, or $0.14 per share for the fourth quarter of 2016, and grew 16 percent from $1.4 million, or $0.13 per share, for the first quarter of 2016. Driving profitability in 2017 was steady loan growth, an expanded net interest margin and improving operating efficiencies. All results are unaudited.



 

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