Willamette Cmty Bnk (WMCB) 6.7400 $WMCB
Willamette Community Bank to open branch in Salem, announces second quarter results
PR Newswire - Tue Aug 09, 1:08PM CDT
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, today announced it plans to open a new branch in Salem, Oregon. The branch will replace the current loan production office in Salem. President and CEO Dan McDowell states, "Salem is a natural next step for Willamette Community Bank having spent a significant portion of my career in the market. Several of our current employees are also well known in the community. The loan production office we opened in 2014 has already produced good results for us and the market is demanding more of us than we can deliver through that office. We see this as an opportunity to expand into one of the largest markets in Oregon where we have a proven track record of performance. The move is further enhanced by the consolidation of both banks and branches in the Salem and Keizer communities." Willamette Community Bank's Salem branch is expected to open in early 2017.
Willamette Community Bank announces 2% Stock Dividend
PR Newswire - Thu May 26, 4:36PM CDT
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, announces a 2% stock dividend to shareholders of record as of June 10, 2016. This is the second dividend in three years for Willamette Community Bank. A 3% special dividend was declared in 2014.
Willamette Community Bank reports 2015 net income of USD590,470
M2 - Thu Feb 04, 7:01AM CST
Willamette Community Bank (OTCQB: WMCB) has reported net income of USD590,470 for 2015 or USD.59 per share, up from USD186,109 or USD.19 per share in 2014, representing a 217 percent increase in net income from the prior year, the company said. Financial highlights for the year include: o Loans increased USD5.4 million (8.14 percent) to USD72.9 Million. o Deposit growth of USD4 million (4.78 percent) significantly funded loan growth and more than offset the effects of product realignments and interest rate changes. o Pre-provision net interest income increased USD269,205 (up seven percent from 2014) due to both increased interest revenue and lower interest expense. o Net income of USD590,470 includes a USD100,000 release from allowance as a result of improving loan portfolio metrics. o Noninterest income increased 6.5 percent as a result of product enhancements. o Net interest margin of 4.44 percent was in the top 10 percent of national peers and was an improvement from 4.14 percent in 2014. Total assets increased 4.81 percent or USD4.5 million from 2014 to end the year at USD98.9 million. Assets consist of loans (74 percent), cash and securities (24 percent) and other assets including premises (2 percent).
Willamette Community Bank reports record earnings in 2015
PR Newswire - Wed Jan 27, 12:56PM CST
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, today reported net income of $590,470 for 2015 or $.59 per share, up from $186,109 or $.19 per share in 2014. The improvement represents a 217% increase in net income from the prior year and is a record for Willamette Community Bank.
Willamette Community Bank announces third quarter results
PR Newswire - Mon Oct 26, 8:00AM CDT
Willamette Community Bank (OTCQB: WMCB) reported third quarter earnings of $133,000, continuing series of record quarterly earnings. Through the third quarter, the Albany Oregon-based bank earned $371,000, a 300% improvement over prior year to date. The results reflect a lower Cost of Funds, growth in earning assets and lower expenses. Net interest margin, at 4.41%, has improved significantly from 4.08% at September 2014. Total assets were $96.9 Million as of 9/30/2015, up 2.73% from year end 2014. The bank reported net loan growth of $5 Million, up 7.1% from year end 2014. Return on assets and return on equity increased year over year from .12% to .51% and 1.28% to 4.88% respectively. Willamette Community Bank's CEO, Dan McDowell, stated, "I am pleased to see the ongoing execution of our strategy and focus on core operations beginning to payoff. Our growth in quality earning assets coupled with a strong Net Interest Margin positions us well for continued strong performance in the face of potential interest rate increases."
Willamette Community Bank Announces Third Quarter Results, Continued Growth and Profitability
PR Newswire - Fri Nov 14, 1:47PM CST
Willamette Community Bank (OTCQB: WMCB) has reported third quarter earnings with a profit of $113,000, the most profitable quarter to date under bank CEO Dan McDowell. The performance was primarily due to continued growth in earning assets as well as reductions in both interest and non-interest related expenses. The bank's assets grew by $2.4 Million from the second quarter 2014, to total assets of $103.9 Million. Core deposits grew by roughly $2.32 Million for the quarter, while loans were up $2.8 Million. Cost of funds were slightly down, going from 0.35% to 0.34% during the quarter. Net interest margin was at 4.08%, relatively flat on the quarter over quarter basis, while asset quality continued to be strong, with only 0.03% of assets classified as non-performing. Willamette Community Bank's CEO, Dan McDowell, stated, "We have continued executing on the bank's strategy of growing relationships while managing our expenditures. Now that we have mobilized our brand, we will continue to temper our growth with prudent risk management. Our outstanding results in the third quarter reflect the efforts of our staff and the value of both our customer and community relationships."
Willamette Community Bank to open branch in Salem, announces second quarter results
PR Newswire - Tue Aug 09, 1:08PM CDT
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, today announced it plans to open a new branch in Salem, Oregon. The branch will replace the current loan production office in Salem. President and CEO Dan McDowell states, "Salem is a natural next step for Willamette Community Bank having spent a significant portion of my career in the market. Several of our current employees are also well known in the community. The loan production office we opened in 2014 has already produced good results for us and the market is demanding more of us than we can deliver through that office. We see this as an opportunity to expand into one of the largest markets in Oregon where we have a proven track record of performance. The move is further enhanced by the consolidation of both banks and branches in the Salem and Keizer communities." Willamette Community Bank's Salem branch is expected to open in early 2017.
Willamette Community Bank announces 2% Stock Dividend
PR Newswire - Thu May 26, 4:36PM CDT
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, announces a 2% stock dividend to shareholders of record as of June 10, 2016. This is the second dividend in three years for Willamette Community Bank. A 3% special dividend was declared in 2014.
Willamette Community Bank reports 2015 net income of USD590,470
M2 - Thu Feb 04, 7:01AM CST
Willamette Community Bank (OTCQB: WMCB) has reported net income of USD590,470 for 2015 or USD.59 per share, up from USD186,109 or USD.19 per share in 2014, representing a 217 percent increase in net income from the prior year, the company said. Financial highlights for the year include: o Loans increased USD5.4 million (8.14 percent) to USD72.9 Million. o Deposit growth of USD4 million (4.78 percent) significantly funded loan growth and more than offset the effects of product realignments and interest rate changes. o Pre-provision net interest income increased USD269,205 (up seven percent from 2014) due to both increased interest revenue and lower interest expense. o Net income of USD590,470 includes a USD100,000 release from allowance as a result of improving loan portfolio metrics. o Noninterest income increased 6.5 percent as a result of product enhancements. o Net interest margin of 4.44 percent was in the top 10 percent of national peers and was an improvement from 4.14 percent in 2014. Total assets increased 4.81 percent or USD4.5 million from 2014 to end the year at USD98.9 million. Assets consist of loans (74 percent), cash and securities (24 percent) and other assets including premises (2 percent).
Willamette Community Bank reports record earnings in 2015
PR Newswire - Wed Jan 27, 12:56PM CST
Willamette Community Bank (OTCQB: WMCB) based in Albany, Oregon, today reported net income of $590,470 for 2015 or $.59 per share, up from $186,109 or $.19 per share in 2014. The improvement represents a 217% increase in net income from the prior year and is a record for Willamette Community Bank.
Willamette Community Bank announces third quarter results
PR Newswire - Mon Oct 26, 8:00AM CDT
Willamette Community Bank (OTCQB: WMCB) reported third quarter earnings of $133,000, continuing series of record quarterly earnings. Through the third quarter, the Albany Oregon-based bank earned $371,000, a 300% improvement over prior year to date. The results reflect a lower Cost of Funds, growth in earning assets and lower expenses. Net interest margin, at 4.41%, has improved significantly from 4.08% at September 2014. Total assets were $96.9 Million as of 9/30/2015, up 2.73% from year end 2014. The bank reported net loan growth of $5 Million, up 7.1% from year end 2014. Return on assets and return on equity increased year over year from .12% to .51% and 1.28% to 4.88% respectively. Willamette Community Bank's CEO, Dan McDowell, stated, "I am pleased to see the ongoing execution of our strategy and focus on core operations beginning to payoff. Our growth in quality earning assets coupled with a strong Net Interest Margin positions us well for continued strong performance in the face of potential interest rate increases."
Willamette Community Bank Announces Third Quarter Results, Continued Growth and Profitability
PR Newswire - Fri Nov 14, 1:47PM CST
Willamette Community Bank (OTCQB: WMCB) has reported third quarter earnings with a profit of $113,000, the most profitable quarter to date under bank CEO Dan McDowell. The performance was primarily due to continued growth in earning assets as well as reductions in both interest and non-interest related expenses. The bank's assets grew by $2.4 Million from the second quarter 2014, to total assets of $103.9 Million. Core deposits grew by roughly $2.32 Million for the quarter, while loans were up $2.8 Million. Cost of funds were slightly down, going from 0.35% to 0.34% during the quarter. Net interest margin was at 4.08%, relatively flat on the quarter over quarter basis, while asset quality continued to be strong, with only 0.03% of assets classified as non-performing. Willamette Community Bank's CEO, Dan McDowell, stated, "We have continued executing on the bank's strategy of growing relationships while managing our expenditures. Now that we have mobilized our brand, we will continue to temper our growth with prudent risk management. Our outstanding results in the third quarter reflect the efforts of our staff and the value of both our customer and community relationships."
