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.



Comments

Comments are subject to moderator review and may not appear immediately on the site.

Please read our commenting policy before posting.

Any comment violating the site's commenting guidelines will be removed and the user could be banned from the site.

Use the comment form below to begin a discussion about this content.

Sign in to comment