Business

Liberty Bay Bank reports profits, strong loan growth

POULSBO — Liberty Bay Bank reported a profitable third quarter ending Sept. 30.

“We are extremely pleased with our earnings and honored by the positive response we have received from our local community,” President and CEO Rick Darrow said in a news release.

Liberty Bay Bank also reported strong loan growth in Kitsap County for the first nine months of 2012.

With loan totals of $41.3 million at the third quarter, Liberty Bay Bank continues its commitment of providing loans to local businesses and individuals.

“Our loan growth is excellent,” Darrow said.

Capital ratios continue to be strong for Liberty Bay Bank. The total risk-based capital ratio is 17.71 percent and the leverage capital ratio is 11.95 percent at Sept. 30.

“We are focused on building a strong community bank that is here for the long term,” Darrow said.

 

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