Kitsap Bank hits milestone

Kitsap Bank achieved record asset and deposit levels at the end of the third quarter of this year, reporting total assets in excess of $815 million, which is up $44 million for the year to date, according to Kitsap Bank.

Kitsap Bank achieved record asset and deposit levels at the end of the third quarter of this year, reporting total assets in excess of $815 million, which is up $44 million for the year to date, according to Kitsap Bank.

Deposits also reached a record $639 million on Sept. 30. Kitsap Bank maintains its position as the largest bank in the county, with 19 percent market share, and continues to be profitable with earnings of $6.7 million through September. The bank reported total capital of nearly $81 million as of Sept. 30.

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