Nevada State Bank posts quarterly profit of $5.2 million


Nevada State Bank, a Las Vegas-based subsidiary of Zions Bancorp., on Tuesday posted net income of $5.2 million for the third-quarter, compared with $6 million for the same period last year.

For the first nine months of 2013, the bank reported net income of $16.8 million, compared with $17 million last year. The quarterly profit continues a positive string of numbers in the black since 2010.

Year-to-date and quarter-to-date, loan growth came to of $114.7 million and $76.7 million, respectively, the bank said in an earnings release.

“I’m pleased with our results for the third quarter of 2013, in particular our loan growth of $76.7 million for the three month ended Sept. 30,” said Dallas Haun, president and CEO of Nevada State Bank.

Haun said the bank’s efforts at providing financial solutions for “our consumer and small-business clients, and our growth in loan balances reflect these efforts.”

Nevada State Bank, with $4 billion in assets, operates 50 branches statewide.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893. Follow @sierotyfeatures on Twitter.

 

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