Liberty Bank reports a profitable 3rd quarter ending September 30th 2013.
Loans increased by 5.4% for the first 9 months of 2013. With loan totals of $ 44.0 million at September 30, 2013, Liberty Bank continues its commitment of providing loans to local businesses and individuals.
Liberty Bank is #1 in annual deposit growth, in the Poulsbo deposit market*. The bank which opened in 2009, reports total deposits of $ 54.1 million at September 30, 2013. Non-interest bearing checking deposits increased by 54.5% for the first 9 months of 2013. Business checking deposits increased by 67.5% for the first 9 months of 2013.
Capital ratios continue to be strong for Liberty Bank. The total risk-based capital ratio is 17.9% at September 30, 2013.
President & CEO Rick Darrow states
We are honored to serve our local family-owned and closely held businesses in Kitsap County. Our clients and neighbors recognize the value of having a community partner such as Liberty Bank. We are privileged with being the locally owned community bank in Kitsap County.
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