According to President Jim Carmichael, the primary factor for the record profits of $1,245,000 was the continued strong loan growth, which increased by $12 million in Q1 and have grown by $52 million over the past year.

Kitsap Bank has 26 branches in Kitsap, King, Clallam, Jefferson and Mason Counties, and with assets over $400,000,000 is one of the largest Community Banks in the State.