Movers and Shakers April 27, 2011

Northwest Bancorporation reports first quarter earnings for 2011

Northwest Bancorporation Inc. holding company for Inland Northwest Bank, on Tuesday reported net income for the first quarter of 2011 was $600,000, compared to $586,000 reported for the first quarter of 2010.

Earnings per diluted share available for common shareholders for the first quarters of 2011 and 2010 were 14 cents and 17 cents, respectively.

"Earnings per share declined slightly, despite the increase in profitability, due to the fact there are more shares outstanding today than there was during the same period of 2010," according to a press release.

The company completed a shareholder rights offering in July 2010 that raised $2.6 million in capital and issued 686,805 new common shares in connection with the offering.

"After the loss we experienced in the fourth quarter last year, we are extremely pleased to return to profitability in the first quarter this year," said Randall L. Fewel, president and CEO.

"The company saw improvements in many key areas of our business this past quarter."

Net interest income increased from $3.6 million in first quarter 2010 to $4.1 million in the first quarter 2011, an increase of 12.4 percent.

As of March 31, 2011, the company had assets of $394.2 million, compared to $394.6 million on Dec. 31, 2010.

Total revenue for the company was $4.9 million during the first quarter, representing an increase of 7.6, over the first quarter of 2010.

McMahon earns Certified Commercial real estate honor

The Inland Northwest CCIM Chapter recognized Shawn McMahon of Century 21 Beutler and Associates in Coeur d'Alene for earning the Certified Commercial Investment Member designation from the CCIM Institute, a leading commercial real estate association.

Awarded the designation at the institute's business meetings in Bethesda, Md., McMahon was among 194 commercial real estate professionals nationwide who passed the CCIM exam.

CCIM is awarded upon completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience. The curriculum addresses financial analysis, market analysis, user decision analysis and investment analysis.

ActiveWest Builders president

to speak at Idaho Green Expo

Dennis Cunningham, president of ActiveWest Builders in Coeur d'Alene, will speak at the upcoming 4th annual Idaho Green Expo in Boise, May 14 and 15.

His presentation "The Not So Big Neighborhood - Putting the Puzzle Pieces Together" will cover small lot infill and associated opportunities and constraints, as well as analyze the concept of downsizing - "Is it a trend or here to stay?"

The Idaho Green Expo is produced by Green Works Idaho in collaboration with businesses, nonprofit groups, concerned individuals and government agencies seeking to promote sustainable products, services and behaviors in Idaho.

Numerica Credit Union announces election results for officials

At the April 21 annual meeting of the membership for Numerica Credit Union, the election results were announced for the Board of Directors and the Supervisory Committee.

Elected for three-year terms, ending in 2014 were:

Board of directors: Larry Lanning, Spokane; Rudy Mueller, East Wenatchee; Robin Harmon, Spokane.

Supervisory committee: Paula Kopczynski, Rockford; Susan Nielsen, Spokane.

Numerica Credit Union has more than 85,000 members throughout Central and Eastern Washington and North Idaho and more than $1 billion in assets. Membership is open to anyone who lives or works in the state of Washington or the Idaho Panhandle.

Scentsy announces Goodbrake's promotion to director level

BLANCHARD - Scentsy Inc., a party plan company that provides scented, wickless candles, announced that Cynthia Goodbrake, Blanchard resident and independent consultant for the company, has been promoted to the director level. To receive this distinction, Goodbrake recruited an active team of consultants whose wholesale volume exceeded $10,000 in one month.

"I have made it a point to grow my business here in the local community, so it is truly an honor to receive this promotion," Goodbrake said.

If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail [email protected].