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Article: CASCADE BANCORP ANNOUNCES FIRST QUARTER NET INCOME

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PR Newswire
Article date:
April 14, 1994
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BEND, Ore., April 14 /PRNewswire/ -- Cascade Bancorp (NASDAQ: CACB) today announced net income of $650,909 for the quarter ended March 31, 1994.  Net income increased by 8% over the same quarter a year ago when net income was $600,315. 
"We are very pleased with our first quarter results.  Our strong performance reflects a significant increase in net interest income," said Roger J. Shields, President and CEO.  "Housing construction remains strong and we anticipate continued strength in the housing market.  Our Mortgage Division continues to be the leading lender in mortgage recordings in Deschutes County." 
Net interest income of $1.8 million in the first quarter ended ...

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