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Posted: May 7th, 2012 | Author: Dave Wood | Filed under: Business Banking, Other News and Updates, Personal Banking, Retirement and Investing, The Business of Business | No Comments »
Willamette Community Bank – Albany, Oregon
April 13, 2012
Willamette Community Bank (WMCB) has announced a record first quarter 2012 before tax income of $171,000 and after tax net income of $104,000. First quarter 2012 earnings represented a net income increase of $75,000, or 259%, compared to its net income of $29,000 over the same period in 2011.
Earnings per share were 16 cents compared to 4 cents for the first quarter ending 2011. The return on average assets first quarter 2012 was .50 per cent compared to .14 per cent for the same period ending 2011. The return on equity was 5.62 per cent for the first quarter 2012 and 1.65% for the comparable period last year.
Willamette Community Bank is the only locally owned community bank headquartered in Albany. The company has offices in Albany and Lebanon. For more information go to www.willamettecommunitybank.com.
Posted: May 7th, 2012 | Author: Dave Wood | Filed under: Business Banking, Community Involvement, Other News and Updates, Personal Banking, Retirement and Investing, The Business of Business, Uncategorized | No Comments »
It seems like it was only yesterday…Joe stopped by his favorite flower shop to order flowers to be wired to his mother who lived 100 miles away. As he got out of his car, he noticed a young girl sitting on the curb crying.
Joe asked what was wrong, and the little girl replied, ” I wanted to buy a red rose for my mother but I only have seventy-five cents and a rose cost two dollars”.
Joe said, “come with me. I’ll buy you a rose”.
As they were leaving, Joe offered the girl a ride home. She said, “Can you take me to my mother”?
She directed him to a cemetery, where she placed the rose on her mothers grave.
Joe returned to the flower shop, canceled the wire order, picked up a bouquet and drove 100 miles to his mother’s home.
A Tribute To Mothers
All of us it seems make many sacrifices to advance in our lives and most often its due to the reward it brings. There is only one person who enjoys sacrificing her time and energy for the real love of another…undeniably none other than our own mother. For it is not true that our mother’s immeasureable love for us makes her sacrifice a pleasure…not pain?
It takes a long time, many years in fact, to really appreciate all the sacrifices that our mother has done. When we were young, we took these sacrifices for granted. Only now, do we begin to see. Let’s not forget that our mother, in whatever state she may be, is our responsibility to care and love. It is not our money or gifts she yearns for…but for something priceless…our company, our reassurance, our love.
I am absolutely convinced that the success of Willamette Community Bank simply comes from the many wonderful and caring “moms” that give their all, each and every day, in providing service like no other. As children…and now adults…if “mom” knows that she was the source and inspiration for our success and happiness in life…mom would be the happiest mother this very special day.
A happy and blessed Mothers’ Day to of our moms at Willamette Community Bank. May this day for you be so very special.
Posted: March 26th, 2012 | Author: Dave Wood | Filed under: Business Banking, Other News and Updates, Personal Banking, Retirement and Investing | No Comments »
Willamette Community Bank Reports Financial Results for Full Year Ended December 31, 2011
Albany, Oregon – March 21, 2012 – Willamette Community Bank, (WMCB: OTCPK), announced today its financial results for the full year-ended December 31, 2011.
The Bank reported record income before tax of $635,000 and after tax net income of $400,000 for year-ended December 31, 2011 representing a net income increase of $209,000, or 109%, when compared to net income of $191,000 for the same period ended December 31, 2010. Earnings per share for the full year-ended December 31, 2011 were $0.60 compared to $0.29 for year-ended 2010.
The return on average assets year-ended 2011 was 0.49% compared to 0.24% for the same period ending 2010. The return on equity was 5.55% for year-ended 2011 and 2.72% for year-ended 2010.
President and CEO, Dave Wood stated, “We are very pleased with our ability to deliver historic earnings in what remains a challenging economic environment. Our earnings have been positively impacted by an improving net interest margin with the added benefit of modest credit losses given our history of exceptional credit quality”. Wood further commented that Willamette Community Bank remains a peer group leader, reporting no loans over thirty (30) days past due at year-end 2011 and non-performing assets of 0.50% to total assets. Chairman of the Board Kerry Johnson stated, “It is gratifying to see the number of customers we are serving at our Albany and Lebanon branch offices for both depository and commercial / agricultural loans from the communities of Jefferson, Stayton, Scio, Sweet Home, Brownsville, Corvallis and Eugene. We are developing a very solid mid-Willamette presence”.
About Willamette Community Bank
With assets of $79.3 million at December 31, 2011, Willamette Community Bank is the only locally owned community bank headquartered in Albany, Oregon, providing commercial, agricultural and consumer depository and loan services throughout the mid-Willamette Valley. The Company has two offices: Albany and Lebanon. Additionally information about the Company is available at www.willamettecommunitybank.com.