WASHINGTON BUSINESS BANK REPORTS Q2 & YTD RESULTS

2021 Second Quarter Financial Highlights   Second quarter 2021 net income of $352,904 YTD earnings of $777,000, 5.33% higher than YTD June 2020 Total Deposits increased 10.47% over second quarter 2020 Tangible book value per share increased 9.25% over second quarter 2020 Nonperforming assets to total assets of 0%   OLYMPIA, WA July 20, 2021 [...]

2021-07-22T22:54:56+00:00July 22nd, 2021|News|

WASHINGTON BUSINESS BANK REPORTS HIGHER Q1 INCOME (2021)

2021 First Quarter Financial Highlights   First quarter 2021 net income of $424,081, 34.89% higher than first quarter 2020 Loans outstanding grew by 19.38% over first quarter 2020 Total Deposits increased 20.27% over first quarter 2020 Tangible book value per share increased 11.70% over first quarter 2020 Nonperforming assets to total assets of .07%   [...]

2021-04-21T00:59:24+00:00April 21st, 2021|News|

WASHINGTON BUSINESS BANK REPORTS RECORD YEAR-END RESULTS

Q4 2020 Highlights   4th quarter 2020 Net Income 10.77% higher at $316,504 over Q4 2019 Record YTD net income of $1,351,950. 26.02% higher than year-end 2019 Loans outstanding grew by 19.72% over year-end 2019 Business Checking Deposits grew 56.40% over year-end 2019 Bank remains well-capitalized at 14.59% Tier 1 Capital   OLYMPIA, WA, January [...]

2021-01-19T18:30:59+00:00January 19th, 2021|News|

JON JONES ELECTED TO FHLB DES MOINES BOARD

Washington Business Bank is pleased to announce that Jon M. Jones, President and CEO, has been elected to The Federal Home Loan Bank (FHLB) of Des Moines board of directors by Washington state FHLB members as the state member representative for a 4-year term commencing January 1, 2021. Washington state members include banks, credit unions [...]

2020-11-20T01:29:27+00:00November 20th, 2020|News|

WASHINGTON BUSINESS BANK REPORTS Q3 AND YTD INCOME

Q3 2020 Highlights   3rd quarter 2020 Net Income 1.79% higher at $297,700 over Q3 2019 YTD Net Income 31.55% higher at $1,035,450 over YTD Q3 2019 Loans outstanding grew by 19.11% over the same quarter in 2019 Business Checking Deposits grew 42.76% over the same quarter in 2019 Bank remains well-capitalized at 14.77% Tier [...]

2020-11-11T18:24:39+00:00October 20th, 2020|News|

WASHINGTON BUSINESS BANK REPORTS RECORD Q2 AND YTD INCOME

Q2 2020 Highlights   2nd quarter 2020 Net Income 48.49% higher at $423,300 over Q2 2019 YTD Net Income 49.16% higher at $737,700 over YTD Q2 2019 Loans outstanding grew by 15.53% over the same quarter in 2019 Total Deposits grew 6.13% over the same quarter in 2019 Bank remains well-capitalized at 14.85% Tier 1 [...]

2020-07-14T22:34:28+00:00July 14th, 2020|News|

WASHINGTON BUSINESS BANK REPORTS HIGHER Q1 INCOME

Q1 2020 Highlights   1st quarter 2020 net income of $314,383, 50.00% higher than 1st quarter 2019 Loans outstanding grew by 1.42% over Q1 2019 Total Deposits decreased 12.65% over Q1 2019 Bank remains well-capitalized at 15.20% Tier 1 Capital   OLYMPIA, WA April 14, 2020 – Jon M. Jones, President and CEO, of Washington [...]

2020-04-15T16:52:27+00:00April 15th, 2020|News|

WASHINGTON BUSINESS BANK REPORTS RECORD 2019

Q4 2019 Highlights   Year-end 2019 record net income of $1,072,801 Loans outstanding grew by 4.51% over 2018 Total Deposits grew 4.14% over 2018 Bank remains well-capitalized at 14.25% Tier 1 Capital   OLYMPIA, WA January 14, 2020 – Jon M. Jones, President and CEO, of Washington Business Bank today announced the results for the [...]

2020-01-14T23:49:16+00:00January 14th, 2020|News|

WASHINGTON BUSINESS BANK REPORTS RECORD Q3 and YTD INCOME

Q3 2019 Highlights   3rd quarter 2019 Net Income of $292,500 is 51.34% higher than Q3 2018 YTD Net Income of $787,000 is 46.60% higher than the same 9 months in 2018 Loans outstanding grew by 6.68% over the same quarter in 2018 Total Deposits grew 8.07% over the same quarter in 2018 Bank remains [...]

2019-10-09T16:59:30+00:00October 9th, 2019|News|

JONES NAMED WASHINGTON BANKERS ASSOCIATION BOARD CHAIR

The Washington Bankers Association (WBA) announced that Jon Jones, president & CEO of Washington Business Bank in Olympia, was elected and installed as chairman of the WBA Board of Directors during the Association’s Annual Convention. The Board sets policy and is responsible for the prudent stewardship of the fiscal resources of the Association. Bankers are [...]

2019-07-23T18:45:46+00:00July 23rd, 2019|News|
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