Idaho Independent Bank announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of $3,184,000 against $3,453,000 a year ago. Net interest income after provision for loan losses was $2,919,000 against $3,070,000 a year ago. Net income before taxes was $501,000 against net loss before taxes of $486,000 a year ago. Net income was $501,000 against net loss of $486,000 a year ago. Diluted earnings per share were $0.06 against LPS of $0.06 a year ago. Book value per share was $6.34 against $6.86 a year ago. Return on average assets were 0.45% against negative return on average assets of 0.44% a year ago. Return on average equity was 3.93% against negative return on average equity of 3.43% a year ago.

Idaho Independent Bank reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net interest income of $3,592,000 against $3,483,000 a year ago. Net profit before taxes was $362,000 against net loss of $2,176,000 a year ago. Net profit was $362,000 against net loss of $3,676,000 a year ago. Diluted earnings per share were $0.04 against diluted loss per share of $0.46 a year ago. Return on average assets was 0.31% against negative return average assets of 3.20% a year ago. Return on average equity was 2.80% against negative return average assets of 24.58% For the year, the company reported net interest income of $13,689,000 against $14,599,000 a year ago. Net loss before taxes was $5,489,000 against $4,875,000 a year ago. Net loss was $5,489,000 against $6,375,000 a year ago. Diluted loss per share was $0.67 against $0.94 a year ago. Negative return on average assets was 1.22% against 1.42% a year ago. Negative return on average equity was 9.95% against 11.26%. Book value per share was $6.28 against $6.91 a year ago.

Idaho Independent Bank announced the appointment of Alicia A. Ritter to the bank's board of directors. Ritter is the President and Principal of Ritter Public Relations, an Idaho-based public relations firm. Previously, she was a partial owner of California's independent public relations agency and was Managing Director for Ogilvy Public Relations Worldwide, one of the world's most prominent public relations firms. Since moving to Idaho eight years ago, she has been focused on public, business, and community issues in the Boise area and the State of Idaho.