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Originally published January 26, 2012 at 4:50 PM | Page modified January 26, 2012 at 10:13 PM
Washington Banking posts higher Q4 profit
Washington Banking reported a $4.2 million profit.
Washington Banking, the Oak Harbor-based holding company for Whidbey Island Bank, reported a $4.2 million profit, or 28 cents a share, in the fourth quarter, up from $3.3 million, or 21 cents a share, in the same period in 2010.
For the year, the company booked $14.9 million in net income, or 97 cents a share, down from $23.9 million, or $1.55 a share, in 2010.
The firm also declared a regular quarterly cash dividend of 6 cents a share, as well as a special cash dividend of 6 cents a share, for shareholders of record on Feb. 6. The dividends will be paid on Feb. 22, the company said.
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