Iowa First Bancshares has Good First Quarter

Posted on Wednesday, April 22nd, 2009 at 5:51 am    

Iowa First Bancshares Inc of Muscatine is the holding company for First National Bank in both Muscatine and Fairfield. The bank holding company reported a record first quarter this year with a net income of $1.04 million up from last year's $981,000.

The company also had a higher loan losses provision at $270,000 in the first quarter, compared to $78,000 in the same period of last year. The company is enjoying prosperous growth even in the current economy.

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