First Independent:Quarter's net rises

First Independent Capital of Nevada, the Reno-based parent company of First Independent Bank of Nevada, said last week it's first quarter earnings were up 8.2 percent from year-earlier figures.

The company said its net for the quarter ended March 31 was $848,423 compared with $784,054 in the first quarter of 2004.

Loans on March 31 totaled $186.6 million, a 33 percent increase from a year earlier.

Deposits of $294.4 million were up 36.6 percent during the year.

The company opened its third branch at Interstate 80 and Robb Drive in January and opened a branch in Fallon last week.