West Bank earnings up 16 percent over year ago
The parent company for West Bank reported a profit of $3.7 million on Friday, a 16 percent increase over the same period a year ago, as total loans shrunk in the fourth quarter.
Profit for 2011 was $12.9 million, up from $11.1 million in 2010, as the company’s share price grew by 23 percent. It was the top performing Iowa stock last year.
Good for everyone around.