Report shows earnings

— Northwest Farm Credit Services, which has a local branch, announced 2016 second quarter earnings of $57.9 million.

That a 3.3 percent increase compared to $56.1 million for the second quarter of 2015.

Earnings for six months ending June 30, 2016, were $116.3 million, compared to $119.2 million for the same period of the prior year.

Total capital increased 3.3 percent during the year to $2.1 billion.

“So far in 2016, most of our customer-members are seeing good growing conditions and positive returns, as evidenced by the continued strong performance and growth of our loan portfolio,” Chief Executive Officer Phil DiPofi said.


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