Meadows Bank income

Meadows Bank, headquartered in Las Vegas with branches in Reno, posted a net income after taxes of $6.5 million in 2014 compared to $3.1 million in the prior year. Net Income growth in 2014 resulted from increases of $3.7 million in net interest income and $804,000 in non-interest Income offset by $606,000 in higher operating expenses.

The bank’s loan portfolio grew by $98.3 million while deposits grew by $25.1 million in 2014.