In Brief: Profits, Loans Rise at Idaho Bancorp

Idaho Bancorp's second-quarter earnings rose on strong loan growth and an expanded margin.

The $216 million-asset Boise company said net income increased 16% from a year earlier, to $326,000. Total loans grew 30.6%, to $161 million, and the net interest margin expanded 31 basis points, to 4.48%. As a result, net interest income rose 31%, to $2.19 million.

There were no nonperforming loans in the second quarters of this year or last year, and once again the company recorded net recoveries instead of net chargeoffs ($12,000, versus $121,000 a year earlier).