In its first full quarter since acquiring Kansas City-based Alterra Bank, First Business Financial Services Inc., parent of Madison-based First Business Bank, reported a record $4.2 million in net income (97 cents/diluted share), a 26% increase compared to the first quarter of 2014 ($3.3 million, 84 cents/diluted share).
Net interest income was up $4.1 million to $14.9 million, a 38.2% increase year to year, with Alterra contributing $3.5 million.
