Cascade Bancorp of Bend, Ore., earned a record $1.8 million in the second quarter, up nearly 18% over the same period in 1999, and surpassed the $400 million-asset mark for the first time.

The company attributed the rise in net income and assets to high loan demand in its fast-growing central Oregon markets. Cascade had $328 million of outstanding loans on June 30, up 27.3% from a year ago.

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