NNB earnings up 15 percent

Northern Nevada Bank said last week its pre-tax earnings for the first quarter rose 15 percent from year-earlier figures.

The Reno-based company, which also operates a branch at Carson City, said pre-tax earnings grew to $491,000 from $430,000 in the first quarter of 2004.

Total loans at the five-year-old company grew from to $93.6 million from $73.8 million a year earlier, an increase of 27 percent.

Total assets were up 22 percent from the yearearlier figure and stood at $109.2 million on March 31.

Northern Nevada Bank, which opened a branch in a temporary location in Carson City in June, this week opens its permanent branch location at 3120 Highway 50 East.