Profits up for Great Western Bank parent
Sioux Falls, S.D.-based Great Western Bancorp Inc. reported a second-quarter profit today of $40.5 million, or 69 cents per share, up from $35 million, or 60 cents per diluted share, in the year-ago quarter. Total loans increased $172.9 million, or 1.9 percent, to $9.34 billion over the quarter while total deposits grew by $362.8 million, or 4 percent, to $9.39 billion. “We see good loan pipelines and loan demand post the tax stimulus,” Ken Karels, Great Western chairman, president and CEO, said in a release. Great Western has several branches in Greater Des Moines.
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