Meadows Bank, headquartered in Las Vegas and operating a branch in Pahrump, announced that it posted net income after tax of $13,739,900 in the first nine months of 2019.
That was 21% higher than the $11,368,000 it earned during the same period in 2018.
As of Sept. 30, the bank had total loans of $817.8 million which represented a 12% growth or $85.2 million over loans outstanding at Sept. 30, 2018.
Meanwhile, total deposits grew by $62.6 million from Sept. 30, 2018 to $823.1 million at Sept. 30, 2019. As of Sept. 30, 2019, total assets grew to $950.6 million and total equity capital grew to $113.2 million.
Details were released in a Nov. 7 news release.
Meadows Bank was founded in 2008 in Las Vegas and currently has branches in Las Vegas, Henderson, Reno, Pahrump and Phoenix.