First Business sees profits grow

First Business Financial Services, parent of First Business Bank, saw an increase in net income in the first quarter of 2014 compared to the first quarter of 2013. Net income came in at $3.3 million (84 cents/diluted share), an increase from $3.2 million (83 cents/diluted share) for the same period a year ago. The total of nonperforming assets increased to $14.4 million (from $12.6 million in 2013), for a 1.13% rise year over year. In 2014, there were no charge-offs for bad loans, and the bank recovered $20,000 from loans previously charged off.