Welcome to our dedicated page for Liberty news (Ticker: LBNW), a resource for investors and traders seeking the latest updates and insights on Liberty stock.
Liberty Northwest Bancorp, Inc. (OTCQX: LBNW) is the bank holding company for Liberty Bank, a Washington-chartered commercial bank that began operations on June 11, 2009. The bank operates a full-service branch in Poulsbo, Washington, and a loan production office in Bellevue, Washington, serving predominantly small and middle-sized businesses and individuals in and around Kitsap and King counties. This news page aggregates company-issued updates and market coverage related to LBNW.
Readers following LBNW news can expect regular earnings announcements that detail total assets, net loans, deposit levels, net interest income, non-interest income, and non-interest expenses. These releases also highlight net interest margin trends, efficiency ratios, and capital ratios, providing insight into Liberty Northwest Bancorp, Inc.’s performance as a regional community bank.
Company news frequently discusses asset quality, including nonperforming assets, allowance for credit losses, and net loan charge-offs or recoveries. Management commentary often addresses the impact of the interest rate environment on funding costs, deposit mix, and net interest margin, as well as the bank’s approach to managing operating expenses and capital. Updates have also covered events such as the issuance of preferred stock intended to support capital and loan growth.
For investors, analysts, and community members, this page offers a centralized view of Liberty Northwest Bancorp, Inc.’s public communications, including quarterly and annual financial results, commentary on Pacific Northwest market conditions, and information about the bank’s community banking activities in Kitsap and King counties. Users interested in LBNW can return here to review historical and newly released news items about the company.
Liberty Northwest Bancorp (OTCQX: LBNW) reported a net loss of $43,000 for Q4 2024, compared to net income of $25,000 in Q3 2024 and $1,000 in Q4 2023. Full-year 2024 net income was $3,000, down from $35,000 in 2023.
Key metrics include: total assets of $186.9 million, net interest income of $1.00 million for Q4, and net interest margin of 2.30%. Total deposits increased 3% to $145.8 million, while net loans slightly decreased to $141.6 million compared to the previous year. The company's tangible book value per share improved to $7.80 from $7.58 year-over-year.
The company completed a $1.2 million Preferred Stock issuance in Q2 2024, convertible to Common Stock within 2 years. Asset quality remains strong with only one non-performing loan of $235,000, and the allowance for credit losses at 0.81% of total loans.
Liberty Northwest Bancorp (OTCQX: LBNW) reported Q3 2024 net income of $25 thousand, up from $7 thousand in Q2 2024 and $6 thousand in Q3 2023. Total assets were $183.7 million, with net loans at $140.0 million and total deposits increasing 2% to $146.4 million. Net interest income was $1.01 million with a margin of 2.37%. The company maintained strong asset quality with only one non-performing loan of $235 thousand. Operating expenses decreased 10% year-over-year, and capital ratios remained strong with a total risk-based capital ratio of 15.97%. The company recently completed a $1.2 million Preferred Stock issuance to support growth.
Liberty Northwest Bancorp (OTCQX: LBNW) reported Q2 2024 earnings of $7,000, down from $18,000 in Q2 2023. The company completed a $1.2 million Preferred Stock issuance to strengthen its capital position and support growth. Key highlights include:
- Total assets: $190.8 million
- Net loans: $143.2 million (3% YoY increase)
- Net interest income: $1.05 million
- Net interest margin: 2.45%
- Total deposits: $145.8 million (4% increase)
- Tangible book value per share: $7.79
The company's asset quality remains strong, with a $90,000 reversal to credit loss provisions. Despite challenges from high interest rates, LBNW's deposit mix is improving, helping stabilize the net interest margin.
Liberty Northwest Bancorp, Inc. reported earnings of $15 thousand for the first quarter of 2024, compared to $1 thousand in the previous quarter and $9 thousand a year ago. Total assets were $186.8 million, with zero nonperforming assets. Net interest income was $1.05 million with a net interest margin of 2.42%. Total deposits increased to $140.5 million. Tangible book value per share rose to $7.74. The company's net interest margin contracted, but improvement is anticipated. Non-interest income was $73 thousand, and noninterest expense decreased by 4%. Capital ratios exceed regulatory requirements.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Liberty Northwest Bancorp (OTCQX: LBNW) reported fourth-quarter net income of $136 thousand, a significant recovery from a $135 thousand loss a year prior. For 2022, net income rose to $526 thousand, a 139% increase. Total assets grew 10.2% to $193 million, although total loans decreased 0.9% in Q4 but increased 21.2% year-over-year. Net interest margin was 3.11% for Q4, down from 3.35% in Q3. Total deposits fell 6.3% to $141.8 million amid competitive deposit pricing. Nonperforming assets improved to 0.34% of total assets, and total noninterest expense decreased 16.8% year-over-year.
Liberty Northwest Bancorp (LBNW) reported a net income of $187K, or $0.11 per share, for Q3 2022, marking a 16% increase year-over-year. Total assets stood at $186.2M, with total loans up 0.8% in Q3 and 12.4% year-over-year. While nonperforming assets improved to 0.36%, total deposits decreased by 5.0% from Q2 2022. The company achieved a net interest margin of 3.35% in Q3, reflecting higher yields. Operating expenses were reduced by 15.6% year-over-year to $1.23M, leading to an improved efficiency ratio of 80.4%.