W. Dean Jurgens, resident of Jurgens and Co. accounting firm of Lewiston, was re-elected president Wednesday of First Federal Bank of Idaho's board of directors.
The election of officers, which also included re-electing William J. Larson of Clarkston and Dr. L. Glen Carlson and William McVickars of Lewiston, to three-year terms on the board, took place at the bank's 72nd annual meeting.
Larson was elected first vice president, James N. Marker was elected second vice president, and McVickars was re-elected executive vice president of the bank and corporate secretary/treasurer.
Continuing to serve as directors of the bank, in addition to those re-elected Wednesday, are Harry R. Graser of Coeur d'Alene, and F. Ron McMurray, Steve R. Cox and Robert S. Coleman of Lewiston.
Also at the meeting, Jurgens reported that the bank had after-tax earnings of $592,465, which represents a 10 percent return on equity. As of March 31, the end of the bank's fiscal year, liquidity topped $15 million and tangible net worth stood at 7 percent.
First Federal originated more than $33.8 million in first mortgage loans and paid out more than $5 million in interest to depositors during the year, according to a bank news release. Deposits grew by $6.2 million for the period.
