EVERETT — Everett-based Cascade Financial Corp. reported Friday that its quarterly earnings increased 5.3 percent from last year’s comparable quarter.
For the three months ending Sept. 30, the holding company for Cascade Bank had net income of $1.028 million, or 18 cents per share.
That compares to 16 cents for the quarter ending Sept. 30, 1999.
Earnings for the latest quarter were up 17 percent from the previous quarter this year.
Company Chairman Frank McCord said he’s pleased with continued growth in assets, deposits and loans. He said the bank has realized significant cost savings with a reorganization of its mortgage lending units.
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