Bank of Blue Valley parent posts profit

Blue Valley Ban Corp., owner of the Bank of Blue Valley, reported a $432,000 profit in the final three months of last year.

The Overland Park-based company’s profit contrasted with a loss of $157,000 in the same period a year earlier.

For all of 2014, the banking company earned $12.8 million, mostly from recovery of a valuation allowance tied to its deferred tax assets. Without that boost of $11.8 million, Blue Valley Ban Corp. would have earned $1 million in 2014, equal to its 2013 earnings.

This story was originally published February 12, 2015 at 12:11 PM with the headline "Bank of Blue Valley parent posts profit."