Northwest Bancorporation, Inc. reported earnings results for the fourth quarter and year ended December 31, 2017. Net income for the fourth quarter of 2017 was $1.15 million, compared to $0.96 million for the previous quarter and $1.41 million for the fourth quarter of 2016. Earnings per diluted share increased from $0.13 for the third quarter of 2017, to $0.15 for the fourth quarter of 2017, and are down $0.06 from the fourth quarter of last year. Total revenue was $10.6 million for the fourth quarter of 2017, representing an increase of $645,000 or 6.5%, from the previous quarter, and representing an increase of $3.1 million, or 41.7%, over the comparable quarter in 2016. Net interest income was $9.2 million for the quarter ended December 31, 2017, an increase of $613,000 or 7.1%, from the previous quarter and an increase of $3.0 million, or 48.5%, from the fourth quarter of 2016. Return on average assets for fourth quarter 2017 was 0.55%, compared to 0.49% in the previous quarter and 0.88% in the fourth quarter last year. Core ROA (non-GAAP), which excludes certain nonrecurring expenses, was 0.98% against 0.87% for the same periods in 2016. Return on average equity ("ROE") was 5.78% for fourth quarter 2017, compared to 5.22% in the previous quarter and 8.59% for the fourth quarter last year. Core ROE (non-GAAP) was 10.35% against 8.50% for the same periods in 2016.

For the year ended December 31, 2017, net income was $4.13 million, compared to $5.07 million for the in the year ended December 31, 2016, representing a decrease of $0.94 million, or 18.6%. Earnings per diluted share decreased 24.4% year over year, from $0.78 in 2016 to $0.59 in 2017. During 2017, book value per share of the Company's common stock increased $0.75, or 7.3%, and tangible book value per share (non-GAAP) increased $0.22 per share, or 2.4%. Total revenue was $35.4 million and $29.7 million for the years ended December 31, 2017 and 2016, respectively, which represents an increase of $5.7 million, or 19.1%. Total revenue is defined as net interest income plus noninterest income. Net interest income was $30.2 million for the year ended December 31, 2017, an increase of $5.3 million, or 21.2%, from the comparable period in 2016. For the year ended December 31, 2017 and 2016, ROA was 0.57% and 0.82%, respectively. Core ROA (non-GAAP), which excludes certain nonrecurring expenses, was 0.86% against 0.87% for the same periods in 2016. For the year ended December 31, 2017 and 2016, ROE was 5.74% and 8.00%, respectively. Core ROE (non-GAAP) was 8.59% against 8.47% for the same periods in 2016.

The Bank had net loan charge-offs of $33,000 for the three ended on December 31, 2017, compared to net loan charge-offs of $44,000 in 2016.