Q1 2012 Record Earnings

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.

A Tribute To Mothers

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.

Willamette Community Bank Reports Record Earnings

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.

Willamette Community Bank – Stock Offering

(Albany, Oregon) The Board of Directors of Willamette Community Bank (the “Bank”) (OTCBB: “WMCB”) is pleased to announce its public stock offering of up to $3.0 million, or 461,538 shares of common stock at a price of $6.50 per share. Both existing shareholders of the Bank and new investors are invited to participate in the offering. The offering expires on March 31, 2012 for existing shareholders and on May 31, 2012 for new investors.

The Bank is an independent, community bank located in Albany, Oregon that was first chartered as a de novo Oregon banking institution in May 2003. “Since our founding, we have continued to provide an alternative to large national and regional banks by offering financial services and local decision making, for the benefit of local people, local families and local businesses ” stated Dave Wood, the Bank’s President and Chief Executive Officer.

Additionally, “I am very encouraged by the support that we have seen from our shareholders and impressed about the expressed interest of new investors in Willamette Community Bank and our firm commitment to provide service like no other” stated Kerry Johnson, the Bank’s Board Chairman.

Gray Medlin of Monroe Securities, Inc. is working closely with the Bank’s management and Board of Directors to advise on the capital raise and to manage the process.

This is not an offer to sell or a solicitation of an offer to buy the Bank’s common stock. Offers may be made only by an offering circular. Interested investors should obtain a copy of the offering circular and read it carefully before subscribing for any Bank common stock. Copies of the offering circular can be obtained from Dave Wood, President and Chief Executive Officer, Willamette Community Bank, 333 Lyon Street Southeast, Albany, Oregon 97321. Mr. Wood’s telephone number is (541) 971-4321 and his email address is dwood@willamettecommunitybank.com.

The common stock being sold by the Bank is neither insured nor approved by the FDIC.