Northwest’s fully diluted earnings-per-share for the fourth quarter in 2007 were $0.31, which compares to $0.32 per share in 2006.
The company has reported full-year earnings of $2.64 million for the 12 months ending December 31, 2007, a 5% drop from the $2.78 million earned in 2006. For period, fully diluted earnings-per-share were $1.10, compared to $1.16 in 2006.
Total assets for the company were $343.6 million on December 31, 2007, an increase of 23% or $64.7 million when compared to total assets of $278.9 million reported a year ago.
Randall Fewel, president and CEO of Northwest Bancorporation, said: Given a significant increase in overhead, related to our investment in people and facilities in 2007, we had anticipated slightly lower net income. We are anticipating asset and loan growth running near $40 million in 2008.
