Business

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.

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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