Tag: Meadows

 Meadows Bank, headquartered in Las Vegas, NV, announced today that it posted After Tax Net Income of $11,249,751 in the first half of 2021 which was 37.1% higher than the $8,202,917 earned during the same period in 2020. The Bank also reported a 22.5% increase in Total Deposits. Total Deposits were up $213.6 million from June 30, 2020 to $1,163 billion at June 30, 2021. At June 30, 2021, the Bank had Total Loans of $933.6 million which represented a slight decrease from the $994.6 million Total Loans outstanding on June 30, 2020, primarily due to the forgiveness of Paycheck ... Read more

Meadows Bank, headquartered in Las Vegas, NV, announced today that it posted After Tax Net Income of $5,824,534 in the first three months of 2021 which was 56.5% higher than the $3,721,686 earned during the same period in 2020. This increase in After Tax Net Income was a result of a substantial decrease in interest expense, as well as lower loan loss provision expense as local economic conditions improved during the first quarter of 2021. At March 31, 2021, the Bank had Total Loans of $976.9 million which represented a 20% growth on the $813.1 million Total Loans outstanding on ... Read more