INB Blog

7.7.2017

CenterPointe to Join INB on July 14th

INB will officially merge with CenterPointe Community Bank on Friday, July 14th at 5pm. The merger combines two well respected Northwest banks that share a deep commitment to serving their local communities and customers. The companies have very similar core values and a strong reputation for delivering a high level of customer service.

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6.12.2017

Hoopfest Hospitality 2017

We will again open up our Downtown INB during Hoopfest as a hospitality area. Stop by and enjoy free food, beverages, and enter to win a new fridge from Fred's Appliance. Tickets are available at any INB location and must be presented at the door for entry. A stamp will be given to grant reentry. Saturday hours are 9am to 4pm. Sunday hours are 9am to 12pm.

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4.21.2017

1st Quarter 2017 Financial Results

The holding company of INB today reported financial results for the first quarter. Net income for the first quarter of 2017 was $970 thousand, compared to $839 thousand for the first quarter of 2016 and $1.41 million for the fourth quarter of 2016. Earnings per diluted share increased 15.4% year over year, from $0.13 in the first quarter of 2016 to $0.15 in the first quarter of 2017.

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3.24.2017

INB to Partner with CenterPointe

The holding company of INB, today announced the signing of a definitive agreement to acquire CenterPointe Community Bank, headquartered in Hood River, Oregon. With approximately $770 million in assets, the combined company will expand INB's community banking services into the Columbia River Gorge.

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1.26.2017

4th Quarter and Year End Financials Posted

INB parent company today reported financial results for the quarter and year end. Net income for the fourth quarter of 2016 was $1.41 million. For the year ended December 31, 2016, net income was $5.07 million, compared to $3.06 million for the corresponding period in 2015.

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11.29.2016

INB Awarded Best Business Bank

INB was recently awarded "Best Business Bank" and "Best Credit Card Processor" in the Catalyst Business Magazine Reader's Poll. Last year, INB was also awarded Silver in the category for "Best Bank" in the Spokane Coeur d'Alene Living Magazine Reader's Poll as well as made the list of "The Top 200 Healthiest US Banks."

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10.17.2016

INB 3rd Quarter Financials Posted

Northwest Bancorporation Inc., the parent company of INB, reported third-quarter net income of $1.6 million, up from income of $735,000, in the year-earlier period. Company President and CEO Russ Lee attributed the improved earnings in part to the company's acquisition of Bank of Fairfield.

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9.29.2016

INB Contributes to NIC CTE Building

INB recently committed to an investment to help with the construction of North Idaho College's new Parker Technical Education Center in Rathdrum, Idaho. The new facility will help train highly skilled employees to meet regional workforce demands of current and emerging industries.

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9.26.2016

INB Named to "Best Bank" List

INB was awarded a Silver Award as one of the Best Banks in the Spokane Coeur d' Alene Living Magazine Reader's Poll. This is the first time INB has been named to the list. Last year, INB also won a Silver Award as one of the Best Business Banks in the Business Catalyst Magazine Reader's Poll.

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7.22.2016

Post Falls INB to Close October 21st

At 5:00 p.m. on October 21st, 2016, our Post Falls INB located at 1729 E. Seltice Way, Post Falls, ID 83854 will close. The closure of this location has been a difficult decision, but the relatively low levels of deposits at this location along with an increase in online and mobile banking usage made consolidating into our Coeur d' Alene INB the most logical choice moving forward.

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