First Business' 3Q Profit More Than Doubles.(Community Banking)(Financial report)(Brief article)

Byline: Jackie Stewart

First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.

"Against the challenging national economic backdrop of the past three months, First Business delivered third-quarter profitability that is among our strongest ever," Corey A. Chambas, the president and chief executive, said in a press release Friday. "We've grown in-market deposits and continued to lower our deposit funding costs, while our asset quality continues to improve."

The $1.1 billion-asset company said that revenue rose 10.5%, to …